Houlihan Lokey FAS or EY Transaction Services Group?

WSer's picture
Rank: Chimp | 11

I got offers from both companies, and have a week to decide. What do you guys think I should choose? I am interested in going into top 5 business school after 3 years. Which one prepares me better?

Thank you! Really appreciate your help!

Comments (21)

  • eyelikecheese
  •  Oct 10, 2010

HLHZ FAS by about 100 miles. Do not do EY TAS. the pay,progression, and exit ops are not anywhere as close

Oct 10, 2010

HLHZ. Pay and exit ops will be far better.

Oct 10, 2010

Thank you so much for your feedback! I was worried that EY might have a better brand name, because HLHZ is mid-market. Does that matter for MBA admission?

Oct 10, 2010

Big 4 do place well to business school, especially because you can become a "manager" in four years and business schools love that title/experience. However, I know someone who went to Columbia after HLHZ so I think you'll be fine.

Oct 10, 2010

yes, HLHZ is a MM firm, but by choice and they are the boss of bosses in MM banking.

At HLHZ you will see dozens of deals
At E&Y...crickets?

  • eyelikecheese
  •  Oct 10, 2010

at E&Y, all you do is due dilience, purchase price allocation, and goodwill impairment. The skillset learned in this role is not transferrable to anything really, except other big 4

Oct 10, 2010

This is not even a question.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Oct 10, 2010

Dude, I did EY TAS. DON'T DO IT! I thought being an accountant (yes, I know TAS isn't exactly accounting but at a Big 4, its still very accounting focused) would be a suitable backup in case I don't become a banker, but trust me...it sucks balls, and TAS is supposed to be the "interesting" part of big 4 world. Take HLHZ and don't even look back. I'd kill to have a boutique banking job instead of EY TAS.

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

    • 1
Oct 10, 2010

do you guys not realize that hlhz fas isn't really banking?

i'd still recommend the hlhz offer over E&Y TAS, but its not nearly as clear-cut as everyone else is making it out to be.

Oct 10, 2010
twilightgirl:

do you guys not realize that hlhz fas isn't really banking?

i'd still recommend the hlhz offer over E&Y TAS, but its not nearly as clear-cut as everyone else is making it out to be.

I'd still argue that doing valuation >>>>> due diligence/accounting side of valuation and secondly, whenever someone sees EY, PWC, KPMG, Deloitte, they immediately think "auditor" not banker. Doing valuation isn't the equivalent of ops, so in this case, since the work is relatively similar (although I still bet HLHZ will give him better work), the difference between being labeled as an "accountant" vs being in an investment bank and working with investment banking professionals even if its indirect is valuable.

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

  • eyelikecheese
  •  Oct 10, 2010

Who said anything about it being banking?

Oct 10, 2010
eyelikecheese:

Who said anything about it being banking?

johnnycage did.

Oct 10, 2010

I worked in valuation in the Big 4 and totally agree with the above on the accounting-tag following you. The valuation skillset is pretty similar to banking, but it's hard to get the same exit opportunities.

Oct 10, 2010

Great! I think my decision is pretty clear! Thanks again guys! BTW, do you know if it is possible to go directly to banking without MBA for FAS? How hard would that be? Do I have to network really hard?

Oct 10, 2010

i know someone who lateraled from there to banking at a top mm shop without going to business school between. I also know another guy who made the fas -> corporate finance switch within the firm.

so yes, it is possible.

  • eyelikecheese
  •  Oct 10, 2010

Like Kevin garnet said "anything is poooossiibbllle". We have a African-American president. Enough said....

Oct 11, 2010

Either way, a top 20 B school seems much more realistic..

Oct 11, 2010

How are the TAS groups of the Big 4 viewed by the industry? Are people really pigeonholed as accountants?

Sep 29, 2011

sorry to bring back an old thread but I am wondering this above question as well. how do banks/PE funds/bschools view TS/TAS groups within big4?

Feb 26, 2013
Comment
  • Takgun
  •  Oct 9, 2018