KPMG Deal Advisory or PwC Valuation
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Thank you, and that was not a lot at all, I would actually prefer as much info as possible! Any exit opps you know of for either group maybe 3-4 years down the road?
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Both are solid options. Exit opps will mostly depend on your networking abilities and if you want IBD I think M&A advisory will have a leg up simply because you are more involved in the deal process whereas in Valuation you have other projects such as impairment testing, real option analysis, etc.
Depends...What are your end goals? Investment banking?
I've interviewed with and received offers from multiple Big 4 advisory groups. If your end goal is banking, I would likely take valuations. Although you may be doing lots of PPAs, there are also a lot of relevant modeling skills gained. There are a fair amount of fairness opinions related work from what I've heard of other interns in PwC valuations, especially if you're in an office like Chicago. And that brings me to my next point: Location. Not only will a location like Chicago (which is a financial hub) lend to more interesting projects, but it will also expose you to more networking opportunities. Even for within the firm, because Chicago is such a large office, you'll be able to easily network with other groups that you may find more interesting (eg. FSR group of PwC).
On the other hand, KPMG's Deal Advisory would depend on which service branch you're in. While holistically, Deal Advisory consists of groups like Restructuring and even Investment Banking (KPMG corporate finance LLC), I found from their website that the Tysons office has only 2 groups: Accounting Advisory and Financial Due Diligence, which will make it hard to network into others. I believe that you actually have to be an accounting major to apply to any KPMG Deal Advisory positions. I would consider it less to be M&A Advisory, but more so on the side of M&A Accounting Support. The work should be very technical and high level in terms of accounting, ie figuring out how to integrate the accounting systems after 2 organizations have merged (Accting Advisory), or in the case of FDD, doing quality of earnings reports and normalizing EBITDA on financial statements for PE firm before their acquisition.
I would take PwC if your end goal is to break into high finance, but if not, then there are other considerations.
Took PwC. Thanks everyone!
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