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:
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I've been reading through Rosenbaum and Pearl and understanding the modeling for DCFs - anything else I should be doing in terms of research?
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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.
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Thoughts on Big 4 corporate finance? Bonus structure/ease of transitioning?
Im based out of NYC
I read through Rosenbaum and Pearl and then started working through BIWS 200 IB interview questions. I got an interview after a year in FDD and a couple years in audit, and got an offer and it worked out.
Nice, how many years have you been working in IB now? And, did you lateral as a first year or did you have to negotiate for a higher level?
Been working in IB for a year. Came in as an AN2, but that became AN3 a couple months after joining just based on the promotion cycle/timing
Nice man, goals af. How'd you feel those first few months in IB? Must have been crazy the pace difference between FDD and IB.
Anything you wish your knew before starting in IB or during the lateraling process?
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
I’m starting an FDD role next summer and want to transition to IB ASAP. Wondering if you can provide any insight on how to make the jump.
Hey man. I made the transition directly from B4 audit to a MM IB in NY. You can DM if you have any questions I can help with.
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