Beginning TAS position at big 4-thinking down the road
As mentioned in the topic title, I am set to begin work at a big 4 firm in their TAS/Valuation group. I am not trying to get too far ahead of myself and plan on really immersing myself in the position and hopefully liking it but, like most of you guys, I like to keep an eye on the future. It seems like the most obvious path, according to this site, is TAS to an Ibanking position and then whatever from there. However, knowing that my interest really lies in P/E and maybe even VC down the road, I was curious if making the move straight to P/E from TAS is doable.
With that said, I should be clear that I do not so much care about getting into the most prestigious, largest firms (KKR/Blackstone/Carlyle/ect...). I could certainly see myself working for a mid-sized or even a legit small-sized firm. I want to get paid like the rest of you but I also value having a bit of a life outside of work. Before you say it, I understand I will most likely leave money on the table for more of a work life balance. I still want to make a very good living, however, and am willing to work for it. I just don't have high 6 or even 7 figure paydays in mind nor the mind-numblingly high hours it would necessitate. Location wise, I am very open and would be happy in a number of decent cities (actually, would rather not live in NYC-just not my vibe).
So, what is everyone's thought on the matter? Doable? Highly unlikely or the opposite? I should also mention, since joining this TAS job now, I have been getting a lot of hits in terms of recruiters wanting to talk to me about P/E positions around my area (unsolicited). I do not know how legit the firms are but it is still encouraging.
I know this doesn't answer your question, but I am interested in getting into a TAS/Valuation group. Do you know how the recruiting process works for those types of roles?
For me it was fairly simple. Reps came to campus for brief intro interviews basically just asking about you. Next step in the process was a "super day" at the office where I interviewed with 3 guys on the actual team. Questions weren't too difficult or technical. It was pretty laid back, in general.
Thanks!
No, it doesn't happen. The roles you're being recruited for are Valuation/Middle Office type roles at PE firms. Not front office.
Occasionally, people might then move from there to Investment roles at other funds, but otherwise your best bet is networking into IB and then over.
Source: I worked in Val.
Well, to be fair, one position was as a Senior Investment Analyst. Then again, who knows how legit the firm is.
From my experience, I've seen TAS guys move to lower MM or no name PE shops. Usually in non-major cities. Your best bet is to leverage your TAS experience and move to IB asap. From IB, you can make the move to PE.
Starting out in Big 4 TAS in London, what are my options after? (Originally Posted: 12/24/2017)
Starting out in a graduate role for Big 4 TAS next year. I guess the aim is to move into IBD in BB/EB etc.
What groups are more favourable within TAS?
How long after is the right time to make the move? In UK I believe we have to enter a 3 year 'training contract' to take our accounting qualifications. I can quit before that, just have to pay it back.
Anyone knows the pay progression/bonus like in Big 4 TAS when you first start out?
Thanks!
Dont know if this is your path, but see ALOT of big 4 ppl in London going to mid cap PE funds after 2-3 years .. and indeed many of these shops (think Inflexion / Silverfleet / Bowmark) would rather take Big4 than "standard" bankers given (a) increased midcap exposure (b) more detailed day to day accounting knowledge ... people often leaving to join pre ACA qual ... hope helpful
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