Corporate Finance - Transaction Services career paths

heca_bomb's picture
Rank: Chimp | banana points 9

Just wondering, what sort of career paths does 'Transaction Services' in a Big4 firm open up? The position provides training for an ACA qualification as well.

What sort of working hours and type of work can I expect? The websites seem quite vague, 'supporting transactions, transaction structuring etc.).

I'm relatively new to this sort of thing, so any help would be appreciated.

Thanks.

Comments (8)

May 12, 2007

I am not an expert, but I left one of the Big 4 recently for a Corp Fin position in a smaller acct firm and have talked to quite a few people in the industry.

I think your hours will probably be around 8-7 with some weekends.

It seems as though your options will probably be to move into an analyst role within a company or into I-Banking. I do get quite a few recruiter calls, but they're mostly for accounting positions (my degree) at financial services firms.

This may only be for Chicago though, as that is where all my contacts are.

hope this helps a little

May 14, 2007

I just finished dealing with PWC's transaction services group on a private equity deal we recently closed. On our deal, transaction services came in at the end (working for the PE firm) to diligence the target to death.

If you're working in the group you'll be doing due diligence for strategic and financial purchasers. Some of the guys in the group will say "it's not diligence" to protect their ego, however, having dealt with them and knowing a couple people in the group it's all diligence. Hours are farily reasonable but the bonus is brutal (analyst would be 5 - 10K).

May 25, 2007

Thanks for the info. It certainly looks like there's a broad range of things to pick up during TS. Working hours look fairly decent (although I'm not sure if it's the same in the UK).

And I'm pretty certain it's due diligence as well tbh. :D

May 26, 2007

is an MS in Finance or MS in Accounting a good ticket to TS?

what are your chances of getting into an M7(H/S/W/Chi/Kell/MIT/Col)MBA from TS?

and what is the starting comp package? 60K? plus the 5-10K bonus?

Jun 8, 2007

what exactly is meant my due diligence?

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Aug 10, 2007
Kools:

what exactly is meant my due diligence?

http://www.pwc.com/extweb/service.nsf/docid/A19835...

Aug 10, 2007

due diligence is thrown around so much it seems like it's just b/s and means nothing...
basically it's just saying that everything's gotta be checked out to make sure something doesn't come back to bite you in the ass later and your assumptions about the deal weren't way out of line.

Aug 30, 2007
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