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Comments (13)

Jan 26, 2021 - 10:47am

Are you looking to break into IB? If so I mainly see former KPMG workers breaking to my firm, not sure if this does also happen at other firms (to some extent I have seen some people from Deloitte). In the UK this transition is quite normal, not sure in Spain tho

Jan 27, 2021 - 4:47am

So, you said that it's quite difficult to jump from Big4 to IB firm, right? Could be, but many people said me that interns/juniors learn how to work with a grand volume of work, so that would be valuable to other firms

Jan 27, 2021 - 4:52am

Getting experience as an intern and then jumping boat is something much more usual than, being for example 2 years at Deloitte M&A and going to IB

It is very valuable actually and gives you an edge over those who had no real experiences, I was focusing more on those who enter as analysts and are willing to move, that the jump is harder as most banks prefer candidates from other BB/EB/MMs and if you get the chance to enter you may lose your whole seniority

  • Prospect in IB-M&A
Jan 26, 2021 - 11:03am

I think all four firms will offer you a good experience. In terms of culture, pay and brand name etc. I find that the Big4 firms are all pretty similar. Purely looking at the M&A league tables of Spain I would choose PwC. It has the highest deal count of the four, and also ranks the highest in terms of deal value.

Of course the best thing to do would be talking to employees to get an idea of what it's like working for these firms. But if that's not possible, league tables at least give some information regarding deal flow.

  • Intern in PE - Other
Jan 26, 2021 - 12:27pm

Spanish here. I would suggest KPMG. Bigger reputation and stronger presence as well. Dynamic environment (they have recently created a Capital Markets division) and great size of deals. Besides, if you are applying for Graduate positions, EY has a good program for M&A (I think it is called Parthenon).

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Jan 27, 2021 - 5:22am

Yes, I'm applying to graduate programs. At the moment, anyone replied to me but I will enroll in an MSc in CUNEF where I know that I will have the opportunity in any Big4. However, I think (in M&A) the most difficult as an intern position is PwC because they don't get interns in that division. Deilotte too, I think.

About Parthenon. I was searching on Google and I looked that is about strategy consulting and they haven't launched the program in Spain

Jan 27, 2021 - 6:06am

I think you are a little bit off based on people who came and did the msc with me and some alumni (I may also be wrong as this information is from last year and it may have changed)

PwC and Deloitte do take interns for their M&A teams in Madrid - some peers went there

Parthenon does exist in Spain as some alumni are there atm

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