Big4 Corporate Finance Vs Investment banking
Hi everyone! I work with in Big4 audit in UK. I'm currently trying to move to Corporate Finance and had a question about the long term prospects in this, if anyone can help me understand. I'm sure there are a lot of experienced people out here and I am curious to learn their thoughts.1) Why do people stick with Corporate Finance in accounting/advisory firms and not move to Investment banking or PE after some time? Surely banks pay better, I think.2) How do experienced bankers (say 12/15+ years) feel about their careers and are they worried that an economic downturn like a recession or something could trigger job insecurity?Apologies if this has been asked here before!
Hi, and welcome to the WSO. Before answering your questions, don't use your real name in WSO, nickname is more preferred.
Thank you for the suggestions! That was helpful. Probably after a while in Corporate Finance and if they're doing good, it doesn't make sense to push yourself out of the comfort zone just for the sake of more money. Plus banks I believe can be more brutal and rough than advisory firms.
On the job security bit - being in audit I am kind of used to some job security here because it never has enough people and the work is for compliance which is always needed. Additionally, it's generic so exit into accounting jobs isn't that difficult. For IB I'm unsure what one would do if they were let go and that's why the question! Thanks again.
You are very welcome
Would counter #2. Know a handful of doctors who were forced to take paycuts. Even have seen emergency medicine doctors have trouble finding employment. Especially ones who just finished training.
I didn't know that. Well, actually it is sad
Veritatis aut eligendi sequi nulla enim enim optio. Aliquid asperiores rem et laboriosam quis deserunt reprehenderit. Excepturi occaecati aut blanditiis suscipit qui. Omnis architecto quod ipsum aut eos officia incidunt. Nam ipsa nihil earum aut error sit minus.
Tenetur eligendi consectetur quod. Veritatis est nulla consequatur est optio amet vel. Illo tempora eum vero deserunt amet est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...