I've been in audit for 1.25 years at a Big 4 firm and am looking to transition to deals advisory / financial due diligence. I applied to a technical accounting position at a regional advisory firm and recently heard back. However, I've already started discussions with our firm about deals advisory but they told me they won't be reviewing my resume until the February / March time frame so I would be a June / July hire in our deals advisory practice. I'm in a dilemma since I don't know if I should pursue the technical accounting position then apply to deals advisory at another firm later on or if I should stay in audit, bite the bullet for busy season Jan - April, and hope that they would possibly review my resume and let me transfer in June.
Some things I've considered include:
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The firm I'm at takes 3 years to make senior so I would transfer in as an experienced hire deals advisory in July 2019. If I leave and take this technical accounting position, I could make senior there in July 2019 then network to a firm that takes those with 2 years of accounting experience as deals advisory seniors. The technical accounting position would give me a pay raise and more IPO / acquisitions exposure in the meantime.
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I do acknowledge that the Big 4 is a bigger brand name and arguably better network so I'm not sure if I would be able to network into deals advisory if I wasn't in Big 4 anymore. I've networked with more people within our firm from the deals advisory practice but do have a few contacts outside our firm.
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The timing would be good to leave around now as our client is still in our quarter so I can take the chance to leave on good terms with my team and firm. I interned in audit and was looking to stay regional transaction services --> mid tier / big 4 transaction services or is it a safer option to stay big 4 audit --> big 4 TS?
Hey Shrewchief, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
Hope that helps.
As a former auditor, I would recommend that you get out of auditing as soon as possible if you do not see a long term fit, especially with business season coming up. Auditing is a hard position to get out of and into a finance position if you stick around too long. sometimes you are overqualified for an analyst role but under qualified for an associate position.
In my experience, internal transfers at accounting firms can be very political so i would never look at a transfer as 100% likely, even if you know the entire team of the group you want to go to. like you said in your last bullet point, sometimes the audit department cannot afford to lose you so they do not let the transfer go through or delay it.
I would take the role with the advisory firm. if you leave your firm on good terms and want to come back some day, that will be doable. passing up a good opportunity to wait for a possible transfer could come back to bite you.
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