Which internship? Ernst & Young, KPMG, Goldman Sachs, or PwC
Hey guys,
This is my first post on WSO, so apologies if it is in the wrong section of the forum...
I've read the site up and down and kinda get the gist of the sites opinion of Internal Audit.
That being said...
I'm coming out of a non-target school in the south, but still have a desire to "break in" to investment banking in NYC. I have a 3.8 GPA and I'm majoring in finance. Good work experience in the legal field, but sadly none in the area of finance/IB.
I just was offered consulting/IA internships in NYC at E&Y, KPMG, PwC, and Goldman Sachs.
I'm looking to go to NYU for my MBA after a couple years work and I was wondering which of these 4 internships would put me in the best position to do so. I will most likely be working in the TAS / valuation / M&A branches of these companies in order to best relate them to my ultimate goal.
Anyways, ANY advice would be appreciated, both related directly to this or just in general.
Thanks in advance and sorry for the lengthiness.
Well if you "will most likely be working in the M&A" at GS this post must be a joke. If you have to choose between TAS/Valuation/M&A at Big4 and Internal Audit at Goldman Sachs and your target is to do M&A you should probably pick one of those Big4 (I don't know which is stronger in USA)... even if you will probably earn more at GS and this may help to finance your MBA. I don't really know which choise would help you the most to get into Stern.
wait...you're a finance major and you 'might' be doing TAS? how could you do that without experience in technology?
i will be doing internal audit (generally speaking); and will be in their financial services office in Manhattan (for all).. KPMG, E&Y, and PwC will specifically place me after I accept the internship Goldman, which I know has most IA in Jersey City, stated specifically that I will be at the 200 West St. location..
sorry for the vagueness
Well my name-sake is actually off the mark here as the "T" in TAS stands for "Transaction," not "Technology."
yeah, thanks real KP... that comment threw me for a loop
you seem to be the WSO expert on IA
any advice, general or specific to my post?
woops...was thinking TAP when i saw TAS. my b
To the best of my knowledge, I did not know that EY accepted TAS interns? Many of the full time hires that I know of there are doing a rotation, called TAS +, in which they rotate between audit and TAS work, because they prefer people with Audit experience. But thats all I know of in regards to EY.
m rather familiar with PwC's TS group. They have 3 different groups,: CMAAS (Capital Markets Accounting Advisory Services), Valuations, and Financial Due Diligence. Im not too familiar with the FDD group, but I know Valuations would be your best bet to break into IB since eyou will get some modeling-experience, although maybe no directly relatable to IB work. the CMAAS group works more as of a accounting advisory, you can work on anything from carve-outs, and consolidations to IPOs, etc. There is a lot of writing and research involved. However, I know of a lot of people who interned in CMAAS that got into IB full-time.
I dont know much about KPMG's TAS practice, but Im sure it follows a similar breakdown.
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