EY TAS Val vs Alvarez & Marsal Val

Randomwalk45's picture
Rank: Chimp | 14

If you had to choose between the following two offers which one would you choose and why?

Alvarez & Marsal Valuation Services - Sr. Assoc. - 20-25% year end bonus based off hours billed.
EY TAS - Valuation & Business Modeling - Senior - 10% year end bonus, however EY is offering 10k more on the base salary

A&M work is primarily focused on Alt. Investment Portfolio Valuations (HF, PE, Credit, Distressed) for quarterly and annual reporting purposes. There is some work regarding valuations of Complex Securities too. A&M is also viewed as more of a finance shop. While valuation is not the main business focus of A&M, they do have a restructuring and IB arm. Not sure if lateraling is possible, but it's worth noting.

EY work would be broader and focuses on valuations for year end audit work. Work also includes Purchase price allocations, goodwill impairments, and some niche work regarding portfolio valuations. EY is obviously known as an accounting shop so while this is part of the trasnascation advisory group, I'm not sure that this would be viewed as "deal" exposure.

Note that I already have prior experience at a diff. Big 4 in tax as well as experience doing valuations in-house at a tier 1 alternative asset mgr. What is the better offer and why? Which would have the best opportunities in terms of IB/Bschool/or just staying put?

Comments (5)

Dec 1, 2019

Thanks for the response. A few questions: What does SA mean? Can you touch on the specific differences between the AM bonus structure and Big4 bonus structure? Also, does AM charge significant discounts to win business from big4 or are their rates/amount of work similar? I only ask because it seems that the amount of work and rates charged to clients would directly effect bonus...

~Randomwalk45

Dec 3, 2019

Ok you cleared it up, thank you for explaining

~Randomwalk45

Dec 1, 2019

bump

~Randomwalk45