Hey there, quick question for those working with ex-accountants, which of the big 4 alumni do you see the most within IB?
Im from a Canadian target majoring in finance and economics with mediocre GPA, probably gonna start with a big 4 in Asia since i can't manage to land a front office gig for now.
Plan is to work couple years, hopefully get into the advisory side and go back to B school in the States.
I was wondering if it makes a difference which big 4 you come from?
Ill be starting in Taiwan, in terms of client market share 1. Deloitte - has a Financial Advisory Group, mid market IB 2. KPMG-has a corporate finance group, mid market, not the due diligent stuff 3. PwC-sounds like most ex accountant bankers come from PwC.... 4.EY-heard a lot of bad stuff about them in the region
The University of Toronto is not a Canadian target lol. Either way, the big4 are all basically the same.
that was very helpful lol... yea its probably not consider target Ivey and Queens are probably the only targets in Canada
I don't know much about taiwan but I think either one is decent. For U.S. I think E&Y is the best with KPMG being last.
I don't have any knowledge about the big four acct firms or anything, but if you look at the Bill's Buzz section at the Vlaad & Company website (CDN headhunter), it seems like most people that got into ibanking after a year or so of accounting came from PwC for reason...
bump
From what I've seen, people seem to more highly regard Ernst and Young/PWC than the other two, and KPMG is generally seen as the "worst" of the Big 4. I am, however, not as experienced as most guys here so take what I say with a grain of salt.
This is a meaningless question. Resist the urge to rank everything and you'll end up happier / less annoying / more successful.
yea i guess ur right, but i just want to make sure im doing the right thing to ultimately be where i want to be I do have an offer with one of them, and i guess regardless ill work my bum off when i start lol
If you want to do IB, i would recommend you switching into a local bank after a couple years at the big4. It will be very easy to do that with Cathay or Chinatrust or something, then go do an MBA. it position yourself better for banking post MBA
my worry is how the local shops' reputation are seen along w my MBA application, Taiwan isn't exactly known as a financial capital, and Im not sure how much deal flow they get there with big banks like MS, GS, and Citi in having a big presence in the region. nerveless i will look into it when the time comes.
My plan is to transfer into FAS of Deloitte( Currently the plan is to join Deloitte), i think the valuation modeling skill will be very valuable. The HR told me they usually recruit from the pool of audit ppl with a year or two of exp.
Hopefully my finance/eco background along with my cfa level 1 will give me an edge over the folks with accounting background.
I know it can be difficult to break into the Corporate Finance group within FAS at Deloitte. Often they recruit undergrads for other groups like forensic litigation before you can make the switch over.
Not EY
Why not E&Y? I always thought that it was EY, PwC, then Deloitte, then KPMG. Then again, they are all the same, lol.
Rounder may have been referring to the post above him which discussed how it may difficult to break into Deloitte's transaction advisory group since apparently you have to have worked in Deloitte's audit or forensic accounting groups for several years first.
On the other hand, E&Y recruits people for its Transaction Advisory group straight from undergrad
EY in mainland China has a worst reputation amongst the 4 and is definitely falling apart.
Oh so you were talking about their rep in China, I see.
KPMG and Deloitte have larger corporate finance practices than the other two, so if you are looking to transfer internally..
I do know in Australia it's ranked PWC-> KPMG -> EY -> Deloitte Otherwise there isn't much of a difference since your skill set is easily transferable from one Big 4 to another.
I saw a lot of movement to Macquarie Bank while I was there.
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