Corporate Banking vs. Auditing
Hey everyone! I would really appreciate help in deciding which internship to take. To give a bit of background, I'm an Accounting & Economics student at a Tier-2 school, but with a prestigious undergrad Accounting program. All the Big 4 & Big 8 firms recruit directly from the program for internships and full time offers in Auditing and Tax. My end goal is to intern and then gain a full-time in Auditing at a Big 4.
This past semester I received interviews from PwC & Deloitte and made it well through the interview process, but didn't receive the offer. Based on feedback I received, I performed great on the interviews but did not receive the offer because of my experiences. I have experience working in Startups and Federal Lobbying, but because of this mix, the firms are in doubt that I am committed to a career in Auditing, let alone Accounting.
Thanks to connections I made, I was able to secure 2 internships for this summer as none of the one's I interviewed for panned out. One is within the Tax Consulting dept. at a Big 8 and the other one is for Corporate Banking at a BB, both in their Puerto Rico offices. Based on feedback I received from a few Accounting friends, they prefer going with the Big 8 firm, even though it's Tax, since I would gain knowledge of how an Accounting firm operates and better leverage that experience into a Big 4 Audit interview in the future. However, the Corporate Banking internship is also very appealing (they already told me the client I'll be working on is a Fortune 50 company) as the work seems exciting and I'll be working with a very prestigious and professional team.
To me, I can care less about the money I'll earn within either field. I value more the usability and versatility of the knowledge and experience I'd be gaining, adding in the fact in choosing whichever internship I can leverage better for a Big 4 Auditing internship.
Any help would be much appreciated!!!
Corporate Banking would be a better choice in terms of exposure, exit opportunities, and future earnings. I know a few people who did CB to IBD.
but op seems to want to go into accounting, not IBD if I'm correct?
Yes JamesBank, the end goal would be Big 4 Auditing, and maybe a finance role after that to be well-rounded in my skillsets.
If you want to do audit why would you even consider the corporate banking job? Take the audit role.
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