PwC FDD to MM IB Questions

Hey everyone, currently with PwC FDD for a little under 6 months and PwC tax for 2 years. Been thinking about making a make my move over to IB. Few questions about the lateral:

  1. I've been reading through Rosenbaum and Pearl and understanding the modeling for DCFs - anything else I should be doing in terms of research?

  2. I'm aiming for MM IB. Generally, does 6 months in FDD get me in the door for entry analyst positions? Not really trying to do an MBA.

  3. Thoughts on Big 4 corporate finance? Bonus structure/ease of transitioning?

Im based out of NYC

Comments (9)

Most Helpful
Nov 27, 2021 - 11:07pm

I think you should just be very aware of what you're stepping into. I found it significantly more demanding than FDD. Let's say you're working on 1 or 2 deals at a time in FDD, well in IB you're probably aly working on 5-8 work streams at a time, and often times 3 of them have competing deadlines. So there's just more work overalll. Otherwise, you learn a significant amount on the job, so it's good to have the FDD and acct. Background, bc then you can really focus on learning banking specific items (valuations and modeling, overall processes) as opposed to trying to really get a grasp of the financial statements, considering you'll know that really well

Nov 29, 2021 - 9:02pm

That first line thooo haha. I remember when I was transitioning out of tax ALL I could think about was the fact I wasn't going to do anymore tax work. Reading about fdd vs working the hours and getting friday night/weekend plans shat on are worlds apart. So I get where you are coming from with IB.

I'm going to try to break into the industry in 2022 and if it doesn't work out PwC isn't too bad either haha. Being in FDD now makes me feel this can def happen and I should try before life gets way more serious.

Nov 30, 2021 - 10:24am

Haha, year it's a little different from my Audit days especially.

But yeah, that was my thought as well. Let me do this while I am young, and hopefully I can rebrand myself as not being "just an accountant" for the rest of my career. That honestly was my ultimate goal / thought, to break out of the accounting mold

Nov 29, 2021 - 8:48pm

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