PWC Valuations
I'm wondering what PwC valuations is. It is part of TS, that much I understand. Are you in any way doing valuations of M&A deals? I'm basically wondering how transferable the skills are to IB.
And further, is it possible to parachute in to IB after maybe one year? Or instead to go for associate (europe) at IB after 3y? Or maybe, is the best way to do an MBA at a good school after three years and then go for associate?
Thank you
Yes, PwC's valuation practice is in some way doing valuations of M&A deals. However, they are not really bankers, and generally will value the business for accounting or tax purposes. So, for example, after the fact, they will value the business and the intangible assets to figure out how to allocate the purchase price and see how things look on the balance sheet / financials.
The skillset is very transferrable. However, I'd try to get into banking as soon as possible. Bankers will generally view you as an accountant. The learning experience will be allright, but it is a lot better at a bank.
It is possible to parachute after a year, yes - or even earlier (like a few months). You will definitely not be an associate in a bank after working 3 years at PwC. You'll be an analyst.
Best way is to go into banking from the get-go.
However, if you're stuck at PwC and want to do banking, keep networking and also go to b-school which has definitely been done to transition into banking...
Thank you for the quick response.
But ok if I do 3 years at valuations, gaining ACA, and then an MBA, that would let me become an associate right? And ergo, jumping in as an analyst after three years would be a waste of time (given a stable financial situation where no salary and the fee for an MBA is not an issue)
ACA means nothing for banking....
MBA yes - just make sure you go to the right school for the firms your targeting...
i'd recommend continuing to network with bankers and get a better feel of the industry, make sure you really know what they do and what they'd value.
i'd also reiterate that if you want to go into banking, try to go into banking now, rather than using the MBA as a route.
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