Hey filthy animals,
I was just curious if anyone on here has recently gone through the Big 4 Audit -> TAS/FDD -> PE route and if they have any advice to share? Is this route a possibility or is it far fetched to think that an accountant can move into the generalist-esq finance field of PE? Just trying to get some perspectives as I just finished getting my CPA and am recruiting for TAS/FDD roles. Any and all opinions would be appreciated.
Thanks!
| +30 | Lindsay Clansey | 13 | 23h |
| +23 | Western Investment Bankers Deserve No-Minimum-Wage Nannies, and I Want Mine NOW | 9 | 1d |
| +17 | evercore isnt opening today | 13 | 1d |
| +15 | Deleted | 6 | 2d |
| +15 | Hair Transplant | 14 | 2d |
| +13 | At what salary can you start calling it “fi-NANCE” | 4 | 3d |
| +13 | NYC apartment hunting rant: everyone and their mother and brother are touring | 4 | 1d |
| +7 | What's up with Patrick's slop AI Linkedin posts? | 3 | 10h |
| +6 | Options for a Highschool splitter that wants to go into high finance | 0 | 58m |
| 0 | Abstention | 1 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Listen to the Tim Ferris episode with Steve Jurvetson
Though possible (as I've seen a number of threads about this every so often), switching lines of service from audit to TAS or anything more advisory-like is notoriously difficult because: A) fuck audit so everyone wants to leave it B) because of point A, attrition is terrible and big 4 firms try to keep all the auditors they can get C) in my opinion, the amount of inter-office networking you'd need to do this would be better spent transitioning into a more traditional finance job outside of big 4 D) the problems of people's perception of you being an auditor/accountant, despite having a desire and eventually a skillset better suited for finance
Just my 0.02.
I am at a non-Big 4 accounting firm in valuations and @BubbaBanker" is correct. I think the politics and attempts to retain talent are even worse in Big 4 than at my firm at it is still difficult at my firm. We are trying to get someone from tax to come over to my team and they won't let them go because they are their "rock star". So you do too well they don't want you to leave and if you don't do well enough you won't get to transfer to consulting, a true catch-22. I would say that you should make the effort to transfer within your firm but it should be easier to get to TAS at a different firm (especially going from Big 4 to non-Big 4) or getting a different finance job. I will say that if you are set on PE then that finance job needs to be limited to TAS or IB.
This is the biggest issue I forgot to mention. It's also really important at the pre-senior associate stage. If you are going to make a jump, do it before promotion to senior since that seems to be the confluence of the shit river from managers and dumbass questions from associates, but then again every immediate mgmt position is going to be like that I assume. GL.
Thanks for the advice guys, but I already a Senior Associate. I have two interviews for an FDD role with a B4 (not the one I have already worked for) and one Top10 accounting firm. Just wondering what the chances were to make it into PE out of FDD down the road if the partner route doesn't go well.
Sint sit a unde quia rerum harum. Nihil veritatis sed in est dolor et asperiores. A ullam sunt suscipit. Facilis dolore iste et rerum.
Consequatur distinctio molestiae aut quia totam provident iste. Sunt alias nulla dolorem perspiciatis expedita sed quibusdam harum. Fugiat ducimus aut dolore laudantium quos et. Qui delectus fugiat officiis fuga excepturi ut. Ipsam aut unde et nostrum eveniet id. Ullam atque a aut dolore corporis. Sunt inventore rem velit.
Modi rerum similique enim qui illum fugit. Deleniti facere expedita aliquam ipsam quaerat. Ipsa nihil illum numquam quibusdam inventore incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...