Big 4 M&A/CF Salary/Progression (with ACA)

Hi all,

I am due to start a graduate role in M&A for one of the Big 4 (London). It is a 3 year scheme where I will (hopefully) have achieved my ACA qualification during the period.

Does anyone have any idea about both career and salary progression within the M&A/CF teams at a big four, including bonuses for those divisions. Obviously it is not the same as BB IBs however I just wanted to get an idea as I think its important to keep in mind.

There seems to be a lot of conflicting information online...
Thanks for any help.

 
Most Helpful

I have seen the following exits immediately after qualification to the following places: - Lateralling into larger banks Analyst programs as Analyst 2s (I've seen both BB and EB) - Lateralling to MM /LMM Banks as a Senior Analyst or Associate - LMM/MM PE as an Investment Analyst/Associate

If you stay on for a few years post qualification to get to Manager, I have seen the following: - LMM/MM PE Investment Associate/Manager - Various Banks (BB/EB/Boutiques) at Associate / VP depending on the firm

This is by no means an exhaustive list but these are the exits I've seen from my friends and colleagues.

Source: I left to a boutique after qualifying in the Big 4 and have friends who have made the above moves.

 
NotMilxn:
I have seen the following exits immediately after qualification to the following places: - Lateralling into larger banks Analyst programs as Analyst 2s (I've seen both BB and EB) - Lateralling to MM /LMM Banks as a Senior Analyst or Associate - LMM/MM PE as an Investment Analyst/Associate

If you stay on for a few years post qualification to get to Manager, I have seen the following: - LMM/MM PE Investment Associate/Manager - Various Banks (BB/EB/Boutiques) at Associate / VP depending on the firm

This is by no means an exhaustive list but these are the exits I've seen from my friends and colleagues.

Source: I left to a boutique after qualifying in the Big 4 and have friends who have made the above moves.

Thank you very much for your help and insight given your personal experience. Would you be able to shed some light on how you managed to move and how difficult you found the process? For instance it through networking / referrals or applications through recruiters/websites. Also, did you find that it was extremely difficult or did you feel as if you had an edge? Lastly, without diving into personal details, was the salary jump (once qualified) as large as people make it out to be or do Big 4 start to pay higher comp to employees in M&A/CF after qualification? Also, do you see working on the buy-side either as a PM or in HF as a viable option?

Thank you very much again.

 

Quod vitae cum architecto rerum. Quis voluptatibus repellendus magni. Omnis aut similique et exercitationem. Necessitatibus tempora odio ea ipsam doloremque. Earum repellat delectus atque ullam quis ipsum facere et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”