Ernst and Young TAS - Due Diligence

Hi,

So basically, I'm about to be a junior, and barring some unfortunate scenario, I'll probably be working in E&Y TAS for my sophomore summer work. The problem is, I believe this is in the commercial due diligence group and not valuation, etc., so I was wondering if there are any skills that can be related to other finance jobs (banking of course but even corporate finance at a F500, management consulting, etc.) or any opportunities I should try and seek out while there to better my chances at other jobs my junior year? If nothing can really be developed from such a group, is there anything you would suggest I should do in general while there to give myself a shot at other jobs in the future?

thanks

 

The skills you learn in due diligence are definitely worthwhile. Considering summer is already halfway over, I think you're doing fine where you are at. In some cases, due diligence people go on to work for PE firms where those skills are needed for, you guessed it, due diligence. At any rate this experience will probably help you know your way around a balance sheet better than your peers in banking (assuming that's what you are going for), and may help you become a star analyst thanks to your uncanny ability to identify non-recurring items. I'm being slightly sarcastic, but seriously you're doing just fine.

 

Obviously BS. EY does not take sophomores for TAS and 2) "youll probably be working for EY TAS for my summer work" uhmmm you should be in the middle of your internship, they start early June.

Stop trolling and be direct. To answer your question, I interned in big 4 audit after sophomore year and got BB interviews to be a SA. Just network and you should be fine for whatever

 
Best Response
alreadyrich:
Obviously BS. EY does not take sophomores for TAS and 2) "youll probably be working for EY TAS for my summer work" uhmmm you should be in the middle of your internship, they start early June.

Stop trolling and be direct. To answer your question, I interned in big 4 audit after sophomore year and got BB interviews to be a SA. Just network and you should be fine for whatever

I'm not trolling man. Firstly, my internship isn't in the US (not gonna go any further than this for privacy issues), and admittedly, I got very lucky to even get this because I'm at a non-target and I'm nothing special. Secondly, my school gets out late because we're on quarters, so even when I start Monday, I'll still get close to two months in because my school won't start till almost October. I know this is hard to fathom because (I'm assuming you're from the east coast) you've probably never heard of a school starting in close to October since you're all on sems and start late August/early Sept, but I guarantee I am not lying about this and please understand that I've gotten EXTREMELY lucky to be where I am right now. Furthermore, I have no incentive to lie over and ANONYMOUS internet board about having an internship that I don't actually have and then asking about advice as to where to go from here. In real life, I wouldn't be able to put that shit on my resume anyway, so I'd literally just be wasting both of our times in responding which I have no intention of doing.

It's your choice whether or not you want to believe me, but I can assure you that I'm not lying, and even if you still don't believe me, just give me the benefit of the doubt so that my question can get answered for now. I hope though that my explanation maybe cleared things up a bit or gave me some credibility because at this point I seem to be completely lacking it.

Pretty women make us BUY beer. Ugly women make us DRINK beer.
 

Woah!!! Take it easy bro. You dont owe me an explanation. I know some schools like Uni Rochester or RIT run on quarters. Anyway, from my experience, my internship got the recruiters attention. As far as transferrable skills, TAS doesnt do much justice but if you "bankify" your experience on your resume and in interviews, youll be fine.

Right now, I will focus on networking

 

TAS - DD, thats somthing I did aspire for..(Esp Transaction Structuring DD)

Remember myself reading share ware on DD checklist when I was 19..

Unfortunately, I have had the best due diligence guys of the city guiding me and I made them buy that am POOR in accounts and audits..

  1. Wanna know, how to will i come to know if a specialist or a generalist?
  2. If I assume that m equally good at grasping MacroScenario and working on MicroDetails too, wanna know what works?
  3. What should be the approach while ascertaining various attributes: Historical Approach or Forward Looking Approach

Gotta know what is the best approach to perform Due Diligence..

Mia

 

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