Big 4 Transaction Advisory- Boston vs. New York Exit Ops

lemonmonkey84's picture
Rank: Chimp | 5

Hey Everyone,

I'm deciding on Boston and New York for work at Big 4 Transaction Advisory. I eventually plan to transition into PE and would like some advice on which city to start my career. Obviously, New York is the financial Mecca. However, the cost of living would be outrageously expensive even when compared to Boston. Both offices pay about $75k. In addition, a higher-up at the firm told me that the Transaction Advisory group in Boston works a lot with PE firms in New York and has a much better office culture. So here are my questions:

  1. Do the better exit ops in New York outweigh the lower cost of living and better office culture in Boston?
  2. How possible is it to go from Transaction Advisory into PE? (from what I hear, Transaction Advisory works closely with PE)

Some context about myself: Currently at a top 10 Master of Accounting program (think UT, UVA, UNC, UMich) w/ recent Econ degree from a Target (Ivy), 3.7 GPA, Captain of D1 Sports Team.

Any input is appreciated.

Comments (3)

Aug 12, 2019

Hi lemonmonkey84, just trying to help:

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  • More suggestions...

You're welcome.

    • 1
Aug 19, 2019

1) Hard to answer, but from my experience the NY office will have better clients than Boston.

2) Its possible to get into a small PE firm from Deals, but extremely difficult. I've seen/heard typically about 0-1 people from each start class at my firm break in to PE. You'd need to be the best in your class, learn modeling on your own, and network extensively with the PE clients.

  • topboy
  •  Aug 19, 2019