Big 4 TAS to Investment Banking

Anthony-John's picture
Rank: Monkey | banana points 38

I spent 2 years in audit at a Big 4 and transferred internally to their transactions advisory services group (TAS). Like everyone else here, my end goal is to work in banking. I've started reaching out to alumni from my school although I went to a non-target undergrad. Some recruiters have straight up told me that I need prior IB experience or modeling experience.

I could use some advice. Those of you who know people who have made the jump from Big 4 TAS to IB, how did you do it? And how much time cold emailing alumni and talking to recruiters until you got noticed? I've spent about 3 weeks now looking and all I got was a phone conversation with HR from 2 banks telling me they are really looking for candidates with prior IB experience. I already have a Master in Accounting and don't want to pay the money for an MBA... But seems like that might be the only way to break in.

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Comments (12)

May 2, 2018

.

GunningForPortfolioManager

    • 4
May 1, 2018

It's too risky. I'm not really at a point in my life where I want to quit my current job in TAS for an internship that may or may not materialize into a FT offer. I'm in a high COL city and my rent is high AF. It's not like TAS is that bad. Directors and MDs make really good money (not banking $$$ but still better than most and have a shot at making partner).

May 1, 2018

its always better in banking...most of the time

GunningForPortfolioManager

    • 3
May 1, 2018

Except the hours haha. But yeah the money is great and the job is interesting for the most part. But TAS hours are still better. And I can enjoy my other hobbies besides working

May 1, 2018

since you said that, it dosen't really sound like you want to do banking after all.

GunningForPortfolioManager

    • 3
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May 2, 2018

I want to do banking but am I willing to sell my kidney and left nut to get the job? no. And going to a nonane boutique is kind of a step down from my current job. I'd be better off getting a top 10 MBA then going to a top bank as an associate.

May 2, 2018

true ur right

GunningForPortfolioManager

    • 2
Best Response
May 2, 2018

Horrible advice. You're what, a soph / jr at a non-target with no relevant exp? How about you break in first (or at least graduate lmfao) before doling out advice to people who have real work experience.

    • 2
May 2, 2018

ok

GunningForPortfolioManager

    • 1
    • 2
May 1, 2018

I was in audit for 2 years and jumped to a ~30 person boutique through some consistent networking and eventually nailing a modeling test. I was actively looking and reaching out for roughly 8 months and got my ass handed to me in a few interviews.

You will have an uphill battle trying to go BB with no IB experience so I suggest you focus on some smaller banks in your current city. If you really want BB you can lateral after that. Make a connection, ask to get a coffee, hop on the phone, etc. There's plenty of other threads on the topic of audit/TAS -> IB so i suggest you poke around on here.

    • 1
May 1, 2018

Thanks. I've only been focusing on MM and elite boutiques. Maybe I need to bring the bar a little lower. How is the pay at your boutique? I just don't want to join a boutique bank get paid shit and work 70+ hours per week. I know some people here are willing to do anything, but I'd rather go get my MBA from a top school and come into a top BB or MM as an associate.

Feb 10, 2019