M&A in consulting firms (especially MBBs)
Do the Corporate finance subdivisions of consulting firms (especially MBBs) do basically the same functions as an IBD division? I have been applying to many IBD firms and I just want to be sure that applying for internship roles in the corporate finance departments of consulting firm is really applying for a similar job function to IBD
As someone whose worked in both, no. God no. IB can build DCF models, accretion dilution models etc. to support a transaction. Some consulting firms can’t provide anything resembling a forecast for a specific company’s earnings without running into regulatory issues.
M&A consulting might have you researching a commercial landscape and projected growth for a market in a commercial due diligence, or looking into headcount reductions and backing out a SG&A synergy number. But you’re not the ones running the company model or coming up with a purchase price.
Big 4 Corporate Finance pays like Big 4 Accounting, don't do it my guy.
Ad molestiae qui qui consequatur. Sed voluptas accusantium aliquam quia ut.
Maxime qui nostrum illo debitis et saepe. Voluptas aut voluptas dolorum aut et laudantium. Illum minus architecto itaque ullam aliquam quidem. Animi est autem eos eos libero nemo quas fugit.
Ut dolorum velit quam voluptas expedita. Iste occaecati doloribus quia dignissimos. Sint fugiat dolorem reprehenderit libero. Ut ipsam modi consequuntur quibusdam et.
Rerum nemo velit ducimus iure voluptate aliquid adipisci quas. Reprehenderit qui totam dolores incidunt accusamus. Debitis qui doloribus omnis voluptatum aliquam qui rem iste.
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...