Boutique Valuation Firm or Big Four Financial Due Diligence?

shzzzz's picture
Rank: Monkey | 50

Any thoughts in career, exit opportunities and etc.?
1 year of experience at assurance, ready to jump as soon as possible
Boutique valuation firm pays pretty well at 65k + 20-30% bonus
Big 4 FDD - what is the salary/bonus situation?

Thanks for the input

Comments (10)

Dec 17, 2014

Any thoughts?

Dec 17, 2014

Your bonus at the boutique valuation firm will be 0-10% during your first year. And if you are a top performer will top out at 30% at the end of your analyst stint before you are promoted to associate.

You will be looking at ib hours your first year to set yourself up for a 30% bonus in your second year.

That being said, go val. for the training, as long as your boutique is not an accounting firm.

Dec 17, 2014

*cough*Don't do FDD, you'll pull your hair out in frustration before your first month is over*cough*

Currently: future psychiatrist (med school =P)
Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

Dec 17, 2014

Thanks for the insight guys. Boutique is not an accounting firm. It only does valuation work.

Dec 17, 2014

I would definitely choose the boutique. Financial services audits are extremely repetitive, and what you learn will not be relevant to anything besides performing accounting work for financial services companies. If you were looking at a different industry for the audit position, it would be a toss up, but I think the boutique is the obvious choice from where you stand.

Dec 17, 2014
808:

I would definitely choose the boutique. Financial services audits are extremely repetitive, and what you learn will not be relevant to anything besides performing accounting work for financial services companies. If you were looking at a different industry for the audit position, it would be a toss up, but I think the boutique is the obvious choice from where you stand.

Not to steal the thread away but, I have heard before what you mention about financial services audit being repetitive and if you want to get into financial analyst positions to try to audit something like tech/energy/etc.
However, I look at some job postings that specifically mention audit of banking/capital markets/asset management in the post. Why do you think this is?

Dec 17, 2014

Thank you for the insight!

Do you know if the Big 4 Valuation departments hire from boutiques, or is it straight internal transfers from there audit departments?

Also do you happen to know any typical exits for valuation guys past the two year mark? I've never had any kind of career exposure to the finance track.

Dec 17, 2014
Comment