Trying to figure some things out for the long term and would like others input.
Currently in ER (Im a CPA), wondering if it would be smart to try and get into TAS at the Big 4.
I see it mainly as two paths:
(1) stay in ER, most likely start studying for the CFA
(2) get into TAS (hopefully M&A), see where it leads within the firm, try to pivot to banking.
Does anyone have insight into long term salary at both places (Big 4 partner vs Equity Analyst).
| +81 | Q&A - Buyside Equity Research Analyst/PM | 29 | 6d | |
| +32 | How the heck do you learn all of this stuff? | 10 | 1d | |
| +28 | My experience on the sell side | 20 | 2w | |
| +24 | Clues in Financial Reporting Analysis | 7 | 3d | |
| +17 | Am i fairly compensated? | 9 | 4d | |
| +14 | Data Science to PM | 8 | 1w | |
| +14 | Heard they don’t model at Oppenheimer | 10 | 2w | |
| +12 | ER - Remote Jobs? | 8 | 6d | |
| Equity Research at Bank vs IG, High Yield & Leveraged Loans Research at Asset Manager | 4 | 2d | ||
| +11 | Who uses sell-side Strategists? Are they valuable? | 4 | 1w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Why the hell would you need to go to TAS from ER to pivot to banking? Long-term comp in ER is better than TAS. Buyside exit opps are better from ER (needless to say). Only advantage I see for TAS is likely better hours and a potential to go to PE... but if that's the case why not just go ER -> banking -> PE? I am a bit confused at your thought process.
Thanks for the input.
I'm thinking on average does an ER analyst make more than a partner at big 4? I'm trying to weight things out in my head.
Do you think I need the CFA on top of the CPA if I have experience?
Depends on sector. Tenured Senior Analyst in a good sector easily clears $1mn.
But I want to weigh the odds of getting there vs the pay and odds of making partner at the Big4
Bro organizational structure is flatter in ER... there is a much more visible path to ER analyst vs. TAS partner. Regardless, exit opps are better - including to banking. If you want to get banking (as you said in your initial post) then try and lateral directly there. No real conceivable reason for a TAS stint in between.
Thank you, I appreciate your insight. It narrows my focus.
You can definitely go into banking from ER. I've seen it happen many times and some firms with internal mobility programs encourage it. IMO, TAS is a step back from your current seat. If you're fine with staying in your current industry focus, the transition should be even easier. Does your ER team do banking-related work? I know some tech teams do and that's a great way to develop the relationship.
Amet ipsam explicabo error omnis a dolor id. Ut voluptates eos quo ut non nihil asperiores blanditiis. Eaque et iusto et ipsum maiores doloremque officia quia. Cum nostrum mollitia pariatur similique consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...