Hi,
I'm a final year student, and a lot of my banking applications are halted or seem as though they may become unsuccessful. In the case I don't secure anything - what would be the best course of action?
I have an offer for Big4 audit - should i get qualified and then move over or should i shift my focus towards off cycles for next year?
Any help would be greatly appreciated.
Thank you.
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What are you looking to do and what’s your metropolitan area like? Are there boutiques that you can apply to/network with? What do you mean by get qualified? Getting your CPA?
Hi,
Thank you for your reply. I’m in London and looking to go into IB/CM and I’ve applied to most places but it seems as though I might not secure something for my graduation year.
Yes, so get my ICAEW/ACA and get chartered and transfer over.
Got it. Apologies as I'm not familiar with the London market. Are you from there and/or looking to stay there? If you're originally from the states and still have family/permanent residence there, perhaps that could be a possibility (although a big jump). Keep your head up, and keep applying and networking where you can! Wishing you the best.
With that being said, some of my rough thoughts below:
- See this M&I article if helpful. Also see this WSO thread if you haven't already.
- Find out about the possibilities regarding transferring around the Big 4 divisions. Are you at all able to transfer into their M&A division? As a follow-up, if you're at least able to transfer to Transaction Advisory Services, that could be more helpful when making the push into IB given the "deal exposure"
- I don't know much about audit either, but with IB I believe there's typically a short window post-grad to make the jump from a different area of finance/accounting. If you take the Big 4 gig, be sure to work on your story on why you wanted out, and what you learned during your time there. You will likely have a much stronger background in understanding financial statements and the nuances therein compared to bankers, but I think you would need to find a way to show interest or exposure in deals (either through following them on the internet/news, or asking your peers at Big 4 firm if there's any way to gain exposure through the company, although not sure how viable this would be with Chinese wall)
Not a problem, I should have mentioned it within the post. Yes, am originally from there so I'm looking to stay.
- Yes, I'm trying to move over, however they're very strict so I guess I'm stuck unless I apply to another firm. Would having transaction experience outweight the benefits of having the CPA or part of it?
- I see that makes sense, how short of a window would you say? If I don't secure anything - could I take the offer in September and apply for grad/off cycles?
Drop me a PM, I’ve done Big 4 to IB switch in LDN. Can offer some advice.
Pm'd you
Hi mate, thank you will do!
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