Transferred Big 4 Audit -> Valuations within 8 months Q&A
Hey guys, I recently started in Big 4 Audit in Canada and was able to transfer to Financial advisory. I have always been more interested in finance but didn't go to a University that would give me a realistic chance at a good finance job. I went the big 4 route instead with a plan to transfer into FAS later on. Recently, there was an opening for an Analyst in what they call the Transaction and Business Modelling practice. We essentially help clients we help advise clients to make decisions and then possible pass it off to corporate finance if the client wants to move further. There is also a little legal and audit support in there. The opening is due to growth in this business area. This seemed like a decent way to get a little transaction experience and strengthen my modelling and finance knowledge. Definitely a step in the right direction away from audit. Overall, I'm quite happy with the way things worked out as I got more on a career path aligned with my interests and aspirations. If there's any interest in the rest of the recruitment process or anything else about the job Ask away! :)
Campus recruitment for audit is very structured here and usually takes place in September/October for the following September. So it is probably too late to get anything in audit. In addition to this, they will only consider hiring you if you intend to do your CPA. Seeing as you're coming from the states, the courses you did in undergrad aren't eligible to qualify you for the CPA program. Some recruiting for risk consulting/IT audit takes place a little later and you could be eligible depending on your major and interests. I think it might be too late though for a start this September. At my office, there are very few campus hires for valuations/financial advisory and they usually come as transfers from other departments. Usually, you can only transfer after 1.5 years but I did a bit of networking and got lucky. Overall, the big 4 might be a challenge in Canada coming from the USA unless its a well known school and you're aiming for for the consulting side of things. It might be better to try to get into the big 4 over there and transfer internally.