E&Y TAS to PE/IB Industry

HONESTTREAT888's picture
Rank: Chimp | 7

Hi Everyone, I got an offer from EY TAS team Manager Level 3. I wonder will EY experiences helpful to switch to PE/IB in 2 years? My skill set focuses on Financial Modeling/Data Science/Operation Research. Ex-Accenture consultant and Morgan Stanley WM data scientist.

Comments (3)

Mar 9, 2018

HONESTTREAT888, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

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  • Ernst & Young Transaction Advisory Services- Valuation I'm posting this here to get some take on this full-time position with E&Y. I'm very ... as valuable experience? Anyone how has experience interviewing with E&Y or a position similar to ...
  • E&Y Business Advisor Program interview for BAP program: more info? really appreciate it. Most of the work that this group does is provide various advisory services to ... their Financial Services Office (FSO) in NYC. Does anyone here know anything about this group, and the ... assessment. I have no clue what type of case interview to expect. If anyone can provide some insight, I'd ...
  • PE/IB Internships Spinoff to FT IB opposed to applying for another industry (industrials, tech, etc)? ... is to move into MM / BB investment banking. Real estate is interesting, but I still want to shop ... opportunities in different groups and industries if possible with my experience. Does REPE or PE in general spin ...
  • More suggestions...

Or maybe the following users have something to say: @VC_associate_13 @george_chen @h3dgehog

If those topics were completely useless, don't blame me, blame my programmers...

Best Response
Mar 11, 2018

You aim to switch to IB or PE? It's not the same thing especially if you join a smaller fund where you are involved on investment from A to Z it can be extremely helpful.
Here's how I'd pitch my profile in your shoes for a PE fund: perfect skilled thanks to both deal execution capabilities (built through TAS experience), value creation skills (management consulting) and relationship management with investors skills (WM). As for IB you can spin it: skills in relationship management (WM), client servicing (consulting) and transaction execution experience (TAS). Consider I work in PE so am a bit out of the IB standpoint. However, it's not an impossible move.
The only thing I'd be worried of is the fact that you're risking to be perceived old so at least at larger firms it's harder to be hired. For smaller businesses, everything is possible (know a guy hired as senior M&A analyst at 2nd tier boutique at the age of 36).
The point is that as you get out of the typical "cycle logic" of IB to PE path (which works in the US and for junior levels), it boils down to what the team of the fund/bank really needs. They can need someone strong in enterprise improvement to tightly work with C-suite of the invested companies as well as someone with a solid network to enhance the deal flow.

    • 3
Mar 13, 2018
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