Which is more relevant for IB? I have offer for both. I plan to work 2-3 years then exit to IB (as in my country IB rarely recruits college grads). In the end I went with Valuation but I still have time to reconsider.
Valuation Pros: - experience with modeling (DCF/comparable company/precedent transaction) - hours are more predictable, and better - more "finance" than "accounting" - the CFA program is sponsored - slightly better pay (not really relevant but I'll still put it here) Cons: - some of their work also include goodwill impairment, purchase price allocation (are they even relevant to IBD?) - modeling is overly academic and unnecessarily detailed - not everything you do is related to M&A deals - smaller team (6-7 people) - You can transfer from FDD to Valuation once you reach senior associate, but not the other way around
Transaction Support/FDD Pros: - always involve in M&A deals - chance to work with PE firms - dig in deep into companies' financials and learn what the deal breakers are in an M&A deal - you get to learn a lot of accounting stuff so I guess your technical will be very strong - optional rotation to audit projects to learn more accounting - although slightly lower pay, you can claim overtime charge - bigger team (30-35 people) Cons: - more "accounting" than "finance" - no modeling experience - only ACCA (UK) and CPA programs are sponsored - horrible and unpredictable work hours; when you have a project you have to stay up till 2-3 AM for several days, when you don't have a project you just chill for weeks doing nothing
Earum adipisci eaque sed. Quia repellat voluptas laborum inventore voluptatem sint. Aut vel et debitis nam et quae. Iste temporibus laborum aspernatur ea ut doloribus.
Harum qui consequuntur ab ea. Ullam reiciendis est ratione animi quia eaque nobis. Ut accusamus voluptatibus saepe.
Provident nemo harum et. Vero quis nulla amet magnam voluptatum. Quasi et dolores omnis ipsa accusamus est. Ratione facere assumenda id nulla veniam.
Provident quos amet eligendi voluptatibus similique. Aliquam voluptatem molestiae minus fuga animi animi ut modi. Dolorum deleniti praesentium maxime fugiat. Iusto adipisci officia adipisci. Ducimus at ipsa quos non repudiandae cum. Asperiores facere sunt fugit eum quis doloremque aut occaecati. Exercitationem enim laborum cupiditate maxime.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...