Big4 Audit vs. Corporate Banking

Corp banking. Depending on the bank, you will be working on a variety of both leveraged and un-leveraged financings. You will get deal exposure, and will have an understanding of credit-based products.

Big4 is lol.

big 4 LMFAO, i joke.

but do corporate banking, I used a corporate banking offer as a back up for this summer. You will get to meet ibanking guys because most banks have both teams work along side each other. You will also get modeling experience ,mostly cash flow, but beats audit by 10000000000X. Most if not all skills will be transferable to IB. You should be fine landing IB gig given you network and impress the senior guys.

good luck.

Corporate Banking, hands down. Also, don't ever ask this question again - to anybody - it makes you look stupid :)

Haha, thanks ;)

The majority of people I asked before writing on this forum recommended accepting the audit internship because of the Big4 "brand name". Pretty funny that everyone here discourages from the Big4 offer..

going into audit/big 4 is only good for the accounting designation that you may get. otherwise accounting firms are a dead end job with a life span of 2 to 4 years before you tell someone off.

corporate banking is the way to go, you'll get to meet a variety or owners/executives and be a part of a variety of processes.

take big 4 accounting if you have no other job lined up or you are so insecure that you think you wont be successful without an accounting designation....if its the latter then I suggest you grow a pair, start a fist fight and purposely lose.

Good luck to you at the bank!

Which Euro bank will it be? Credit Agri?

Feel free to PM me the response, I'm just really curious.

Corp banking, not even a question. While Big 4 isn't a "bad job", it carries zero prestige in the world of finance so idk why people told you to take it for the "brand name".

I think corp banking would be more interesting. However, I am not sure if corp banking experience is more valuable than Big 4 if your ultimate goal is to work in corporate finance. I interned at corp. finance before, a lot of senior directors, VPs and even CFOs came from Big 4. The FLDP program at J&J is accounting oriented, and I heard most of the entry level financial development programs are accounting oriented. Many people who work in corporate finance took the route of Big 4 ->internal auditor->controller->VP of finance->CFO. Someone I know who was a former CFO of Colgate Palmolive came from a CPA background. Therefore, I am not sure if corp. banking is the better option for corp. finance. However, corp. banking does give you more leverage into high paid jobs, such as IBD, management /strategy consulting, and perhaps even PE/HF down the road.

Thank you very much guys. I'm amazed that I got that much useful answers. That's kind of new to me :D (in comparison to other forums)

There are some interesting points. I'm still not sure about it, although the majority here proposes to accept the corporate banking internship. But at the moment i strongly tend to accept it instead of the Big4 one.

Is there any difference if the target is ECM/DCM or is corporate banking still the better choice? (I guess it is?)

Thank you very much, guys, any help is really appreciated.

There's no future in the big4 brand name - better than average perhaps, but no more.