How do the Big 4 pay for their IB arms?
A friend is joining one of the big 4's IB advisory arms, curious as to how they pay compared to the street.
A friend is joining one of the big 4's IB advisory arms, curious as to how they pay compared to the street.
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I am curious about this to, as I am looking at trying to work at the big 4 then hopefully move into IB.
Well below in terms of base and bonus.
expect 65-75k base
base is similar to that of audit
Pretty sure Big 4 advisory =/= Big 4 investment banking. For example, PWC advisory falls under consulting while they have a whole separate corporate finance arm that's under investment banking.
A quick search on glassdoo will show you they pay their IB analysts 85k base + 20-30k bonus while advisory associates (analyst level) aer at 70k base + 5k bonus
I believe they are different than their advisory arms, at least at KPMG. Sounds similar to PwC.
https://corporatefinance.kpmg.us/
How's EY TAS pay compared to IB?
I think you need to clarify whether you are asking about the IB group at the Big 4 firms, or if you are talking about their consulting groups.
I think he is asking about the IB arm
Yes - their pure IB groups.
Also what’s the bonus situation like? How well do they place on the buy side?
They don't really place into buy side roles. Bonus is significantly lower than street
Do they place at banks in M&A divisions or restructuring?
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