I know the type of work (purchase price allocations, goodwill impairments, stock option valuations) are pretty much the same, but is there any general difference in brand name/compensation between these two groups? Trying to determine which one would be better to start a career at.
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Where are you trying to get to? If consulting/corpfin, PwC. If banking, D&P.
My lean is turnaround consulting... but for D&P's exit opps do they really place into banking/PE?
I think for entry level roles Duff & Phelps beats PwC slightly on compensation, according to glassdoor. I would not go as far as to say either route will "place" you into banking or PE, you pretty much have to place yourself. For banking, you're going to have to come in as a lateral, meaning you will probably have to network your way into an interview somewhere. You will probably have to start over as a first year analyst. For PE jobs, at least for front office roles, you will have to compete against those with banking experience. Middle office type valuation/FDD roles at a PE shop might be doable, and if you find a PE shop that has hired valuation guys straight into front office roles before they might be receptive, but that's otherwise doubtful. Just being realistic here.
I'm not at all sure how the prospects look for going into consulting work when coming from a valuation role, but from what I've heard valuation to corp fin of some capacity is quite common.
TS and valuations are completely different things.
Valuations is as you described it and same in Big 4 or DP
TS is transaction services which is due diligence (essentially audit plus with analysis formatted into a report).
Now ey have TAS (Transaction Advisory Services) which is compiled of TS, Valuation, Restructuring and Lead Advisory (M&A) departments.
As for which one to go for they are both completely different. types of works. In UK TS would make you a bit more attractive to PE firms and you'll make good contacts in PE. Valuation work is more interesting to me and you'll learn to value companies and model. Exit ops are probably more to industry (like F500 companies) but in terms of exit ops not a massive difference between the two...its a hard slog + a big jump to Banking/PE/HF/ER from either.
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