Corporate Finance - Transaction Services career paths

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.

Consulting Case Interview Course

  • 2,037 questions across 209 consulting firms. Crowdsourced from over 600,000 members.
  • 11 Detailed Exclusive Cases developed by a McKinsey Associate and 10+ hours of video.
  • Trusted by over 1,000 aspiring consultants just like you.

Comments (8)

May 12, 2007 - 12:55am

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 - 1:07pm

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 - 6:17am

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

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Aug 10, 2007 - 11:13am

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 - 5:46pm

Non et dolores explicabo tempora laborum sed. Aut modi est maxime quia aspernatur. Sit voluptas quam dignissimos quia ut facilis sed. Sequi et et ipsam ipsam.

Eos similique voluptatibus magnam aut qui voluptatem consequatur asperiores. Magni suscipit quo minima aperiam aut. Sunt illum qui illo aut. Quidem nobis itaque saepe labore nemo dolorem. Magni laborum consequuntur aspernatur et.

Start Discussion

Total Avg Compensation

December 2021 Consulting

  • Principal (22) $269
  • Director/MD (43) $260
  • Vice President (36) $244
  • Engagement Manager (80) $218
  • Manager (133) $165
  • 2nd Year Associate (129) $137
  • 3rd+ Year Associate (96) $129
  • Senior Consultant (284) $128
  • Consultant (510) $115
  • 1st Year Associate (455) $113
  • NA (11) $111
  • Engineer (4) $110
  • 3rd+ Year Analyst (117) $107
  • 2nd Year Analyst (264) $97
  • Associate Consultant (143) $95
  • 1st Year Analyst (888) $85
  • Intern/Summer Associate (146) $82
  • Intern/Summer Analyst (404) $67