Duff & Phelps vs. EY TAS?

In terms of prestige and MBA opportunities would you choose duff & phelps or Ernst & Young transaction advisory services? Both positions are for valuation.

I'm not necessarily looking into transitioning into investment banking. But in terms of work life balance, and a shot at top 10 MBAs, what are your opinions? What is the overall perception of analysts at these firms?

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Best Response

I think Kraken is right about TS/TAS in general, but mistaken in regards to valuation shops. TAS has a due dilligence group, an integration group, valuation, restructuring, most of which are M&A support. There are usually industry groups with in these arms as well. I'm not sure what Kraken thinks are the "ibanking arms of the big 4" because there really aren't any that I can think of. The people that probably play the biggest role in a transaction for a company aside from the banks are the tax and accounting guys - but TAS/TS will have better MBA placement than those groups.

Both Duff and EY are solid in terms of valuation experience and exposure. I have heard hours are worse at Duff and EY seems to pump up its culture (its on Businessweeks "best place to start career" and "top places to work").

Both will have similar exit opps. With EY, some of the valuation you do is for audit clients, so there is a guaranteed stream of work that Duff does not get. That being said, working in a TS role at an accounting firm can be restrictive to some of the services you provide these clients, and to your personal investments as well (you cannot invest in certain clients etc).

I know that EY is one of the few valuation shops that grew last year when most were doing lay offs - including duff. I would also say any big 4 has a more recognizable name to the layperson who may be reading your application.

 

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