Potential of move to IB BB/Elite boutique from Deloitte Corp Finance
Hey,
So brief background: I flunked my A-Levels due to mitigating circumstances which has hindered me getting IB experience during my undergrad. But academically I have been lucky, I got a first in undergrad and did a placement (12 months) stint at Deloitte in Audit and I am now doing a masters in finance at Imperial.
I’ve managed to convert a return offer from audit at Deloitte into an offer for their Corporate Finance team (M&A, debt and capital services). However, like many others, IB in a proper IB firm is the goal. So my question is, how easy/is it possible to move into a boutique or BB IB firm from this Deloitte team if I was to accept the offer?
Any advice would be greatly appreciated
Based on the most helpful WSO content, here are some insights regarding your situation:
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By focusing on gaining relevant experience, networking, and considering lateral moves, you can enhance your chances of transitioning to a boutique or BB IB firm from Deloitte Corporate Finance.
Sources: Boutique IB offer vs. stay non-big 4 TAS, Former Deloitte and Booz Allen Ask Me Anything, Lateraling Guide for Investment Banking, How to go from boutique to BB, https://www.wallstreetoasis.com/forum/investment-banking/do-i-stand-a-chance-in-investment-banking?customgpt=1
It is very doable. A quick search on LinkedIn would show you many have made this transition.
If people could transition from audit / TS, I am pretty sure you can do it with CorpFin
Thank you for the response!
Does the Deloitte name actually hold any weight in IB? As I am still applying to firms at the cost of spending time on my masters and I'm wondering if my current offer is already better or worse than an offer for a low-tier boutique??
Yes it does. Deloitte/big 4 M&A in London is just middle market investment banking. Quite common for people to get their ACA and move to an investment bank.
of course, I see it everyday
It’s definitely doable and I’ve seen it many times.
Deloitte / big 4 CF teams are strong in lower-mid market M&A so experience is v transferable as others have said.
One thing I’d caveat (and pls don’t take this the wrong way). I’ve worked with many Deloitte ppl and they have a sense of superiority vs other accountancy/CF firms. When I was in IB we had the same opinion of big 4 CF guys. I think you’re definitely moving up a level in IB so just keep that in mind.
Funnily when I moved to PE it was the same thing for their view of IB
Don’t worry not taken the wrong way, saw enough from one year in audit (from someone who previously knew very little about the rankings). From what you’ve seen, how early would you recommend attempting to move? As I can focus on the January off-cycles but that would mean applying only a month into my grad scheme and would be a risk to leave the scheme with the hope of a full time return offer if i get an IB internship
I think it’d be hard to jump quickly. If I was interviewing you then we’d be discussing deal experience etc. so I think you need to get some deals under your belt with Deloitte.
I personally don’t think you need to rush it (and rushing may not help) but others may have a different view.
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