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May 15, 2019
a_9081_j:

at a Big 4 (think KPMG, D&T, EY)

Thanks for clarifying, I almost got confused when you said Big 4 and thought you were talking about Grant Thornton or BDO.

"It is not our circumstance that controls us, but our thoughts that control our circumstance." -James Allen

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May 15, 2019

Haha my bad - thanks

May 15, 2019

Candidly there will probably have to be one more step here. I have (rarely) seen transaction advisory services move to PE. When it has, it has definitely been for much smaller, regional PE firms. That being said, an analyst at my ex bank came from BVal and left for a mega fund less than a year after.

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May 15, 2019
Elite_Bulge:

Candidly there will probably have to be one more step here. I have (rarely) seen transaction advisory services move to PE. When it has, it has definitely been for much smaller, regional PE firms. That being said, an analyst at my ex bank came from BVal and left for a mega fund less than a year after.

Thanks for advice - in terms of that extra step; what do you think that would look like? Potentially move to IB before? Or go back office/valuation role at a PE and then look for movement into the front office?

May 15, 2019

Moving from bval to front office in PE would probably be equally as difficult. I would definitely advise taking the IB route if PE is what you really want to do.

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May 15, 2019

I know a few people who did bval to back office PE roles doing valuation of portfolio companies. I do have a friend who did big4 bval to a boutique front office PE role, however it took him literally 6 months of interviewing just for a tiny shop.

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May 15, 2019

It's incredibly rare.

May 15, 2019

Competition is already so fierce for PE associate positions, not sure why I would take a bet on a Big 4 valuation analyst vs an IB analyst. Sorry but unless you're really lucky, you'll probably have to do IB first.

May 15, 2019

Think you would really have to go towards the low end of the middle market in a tier 2-3 city

May 15, 2019

As others have mentioned, I've only seen it done with IB as a stepping stone in the middle

May 16, 2019
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