EY Business Valuation or KPMG Deal Advisory & Strategy

Based on the most helpful WSO content, both EY Business Valuation and KPMG Deal Advisory & Strategy are reputable internships that can pave the way to a career in investment banking (IB). Here's a breakdown to help you decide which might be better suited for your leap into IB:

• EY Business Valuation (M&A):

  • Direct exposure to M&A, which is highly relevant to IB.
  • Valuation skills are crucial in IB and will be a strong point on your resume.
  • You'll gain experience in financial modeling and understanding the drivers of a company's value.

• KPMG Deal Advisory & Strategy:

  • Offers a broader view of transactions, including due diligence and strategic advisory.
  • You may get a chance to work on varied projects, which can be beneficial for understanding different aspects of deals.
  • Strategy experience can be a differentiator, showing you can think about the bigger picture in transactions.

Both paths offer valuable experience that can be leveraged to break into IB. However, if your ultimate goal is to work specifically on M&A transactions within IB, the EY Business Valuation internship might provide more directly applicable skills and experiences. On the other hand, KPMG Deal Advisory & Strategy could offer a wider range of experiences that also include strategy, which is beneficial in its own right.

Remember, networking and how you leverage these internships will also play a significant role in securing a post-grad IB role. Make sure to build strong relationships and learn as much as you can, whichever internship you choose.

Sources: EY vs. PwC vs. Accenture?, PWC Forensic Advisory vs Deloitte Risk Advisory vs EY Risk Advisory (HONG KONG) - Chances on getting into Management Consulting, Growth Equity vs. Investment Banking for Undergrads - Thoughts?, KPMG Deal Advisory --> Investment Banking, Capital One vs KPMG Consulting vs Boutique Consulting