Deloitte Corporate Finance?
Formerly used to be McColl Partners...how have they changed since getting acquired by Deloitte? Are they still reputable?
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Deloitte has had a corp fin group (IB equivalent for Acct firms) long before McColl was acquired. It works solely on MM deals and existing audit clients are not allowed to be represented on sell side deals.
Pros:
-Much better hours than traditional IB -Depending on the MD and group, you could get solid experience -You will be more involved in the actual transaction from start to finish
Cons:
-Modelling skills generally aren't as good -Exit Opps are more limited (but possible) -Pay isn't going to be competitive with the Street
thanks for your input!
My perception after working in both. It obviously varies by group/office and more importantly, MD/VP that runs the process. If the MD/VP came from a BB or high-end boutique/MM firm, then modeling could be above average or at least on par.
But, I don't find the accounting firms run as strong of a process or model in the same fashion.
I am interested in this as well... Anyone have first or second hand knowledge about the change since being acquired by Deloitte? Has it become more "big-4esque" or has it been able to somewhat maintain its identity as a bank? From what people are saying it sounds like it is simply another FAS/TAS arm of a a big four.
Edit: Also, did a bunch of the McColl team stick around? I know the founder is an advisor with Deloitte... how about the MDs and such?
I wouldn't view this as simply another big 4 TAS group. DCF had little to no US presence before acquiring McColl, so you'd basically be going to work for McColl. Prior to being acquired, they were crushing it. Very solid MM advisory shop. I would respectfully disagree with PEInvestor .. expect standard banking hours, definitely not light.
To answer bank-on-this, the MDs from McColl stuck around; there was lit to no overlap between the two groups.
If it's being run like a true IB, than I would agree. I haven't heard how things are going, but I'd be shocked if the hours and identity are maintained over the long term. May be able to barricade itself in the short run though.
Definitely agree w/Kirk that it isn't a TAS arm.
Have to agree with Kirk here. Worked with these guys and it's maintained the McColl Partners culture and identity aside from the name change. Still winning MM mandates and no one jumped ship.
Sorry to revive an old thread but I was curious about GPA cutoffs for Deloitte CF since I am planning to apply for their FT position and they are one of the groups that recruit for IB related work.
Anyone have any info on that piece of information? Their posting says 3.2 minimum but I wanted to get a good gauge for the sake of realism since I currently am sitting at 3.27.
^^ Also interested in hearing more about the GPA cutoff issue as well!
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