I wanted to ask some advice about Investment Banking career options in London.
I'm currently an audit trainee at a Big Four but want to move into IB/corporate finance. The chances of jumping direct from audit to a BB or elite boutique (Evercore, Moelis, Perella Weinberg) are not that high (based on talking to people in the industry as well as recruiters) so I'm more focused on these two more feasible options:
1) Transferring internally to the corporate finance team
2) Trying to get into a non elite boutique IB the likes of Numis, Cenkos, Canaccord Genuity, Peel Hunt, Liberum.
What I'm wondering is how these two options compare to one another? In terms of type of work, prestige, hours/culture, pay, etc. The Big Four do seem to get a fair bit of deal flow (they might not work on the deals that make the front page of the FT but they do seem to do a decent volume of mid market stuff based off of what I've seen in M&A league tables), the rest seem to be very much a mixed bag.
Probably differently from the previous poster, I spent 2 years in a Big 4 in CF before moving to a top tier IB (GS/MS) so I may have something to say here. First, it is true. Chances from Audit to M&A in a BB in 2015 are limited/zero. Nevertheless it is easier if you are a top performer in your team to move internally. Once there, I have seen quite a few people moving from Big 4 CF or TAS to banking, also to good names including Nomura/Lazard. My case is specific, as I interned in my current team during school and firstly rejected their full time offer, so do not take moving from Big 4 to Tier 1 BB as the norm. Anyway, my advise would be to start working on both fronts: try to move internally to CF while start position yourself for banking interview. Omce you gain some M&A experience in the CF team, you should be able to target better banks such as Harris Williams, Houlihan, Baird and Blair. They do mid market but there are stromg names with good career progression opportunities both in the M&A sector (also from a lateral recruitment perspective) and out of banking. Last, take the ACA while in the Big 4 as this is something that HH tend to look for in people from Big 4.
Sed voluptatem ut occaecati sunt. Voluptas dolorem vero expedita officiis dolor et earum. Optio dolores impedit quis. Earum error in aut quasi animi hic doloremque. Magni eligendi praesentium delectus officiis molestias culpa.
Dolores quia quo suscipit placeat eum dicta occaecati. Dolores blanditiis laborum quo esse voluptas qui molestiae iusto. Quasi iste ullam vel ducimus. Dignissimos sed cumque minus ad sed. Dolor et ratione sed placeat corporis omnis quod.
Voluptas cum deleniti est esse eius. Doloribus eos eius molestiae quaerat at dolor. Nihil amet quisquam reiciendis neque et non fugit sit. Quis at fugit in aut maxime autem veniam illum.
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...