Financial Advisory vs. S&O Finance

What is the difference? For example Deloitte has both a Financial Advisory service as well as a Finance division within their S&O group. Is the Finance division within S&O less sought after than the general management consulting practice? What would be the difference in salary of someone working in S&O Finance and someone recruited just for S&O.

To my understanding, the Finance division within S&O deals more with the CFO while general strategy in S&O consulting at Deloitte focuses more on CEO related issues. I assume this affects your exit opportunities. Would someone be able to clarify for me what the difference exit opportunities would be for someone who did 3 years in S&O vs. 3 years in S&O finance?

The reason I ask is that Deloitte recruits for Deloitte S&O at all of the top 20 schools. Deloitte recruits solely for S&O Finance at schools outside of the top 20, like USC and Texas A&M. I found this out using this: http://public.deloitte.com/media/campusmap/index…

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In Australia, They were just literally another vertical. Still under the S&O branch, I wasn't in that division but what I gathered was less pure Operations/Strategy work more number crunching work. I think we called it "FP&M" (Financial performance & management, under S&O)

The guys of that sub-team were generally based in Sydney, so I would assume a lot of work with Financial services. Probably even similar to "FS - Consulting" if that helps. E.g. So as you mentioned above, your probably more likely to become a CFO than a CEO at the very top.

Financial Advisory is completely different, but I don't think that's your question. More to do with Restructuring, Corporate Finance, Transactions than "S&O consulting".

Case studies from Aus branch: (I Would try to find similair from the US branch) - all "FPM" work. Which ran under S&O to my knowledge.

https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…

https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…

https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…

Quand on veut, on peut.
 

Would love to know this as well for Deloitte S&O Finance, I am guessing the pay is less? It seems interesting if you like working in the finance portion of companies.

 

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