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Could anyone kindly tell me about the Investment Management and Private Equity Audit Group at Deloitte? 1. Work Life Balance (Is it worst than the ordinary Big 4 WLB?) 2. Is it an entirely different audit from commercial/retail audits (think account balances etc.) 3. Difficult to learn how to audit clients in this industry without prior experience in the industry?(been doing commercial audits for 3 years) 4. Are there relatively good exit opportunities for this audit group? Deloitte PwC EY
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I made the switch from ITS (Midwest market, 50/50 compliance/consulting split) to M&A (nyc mostly due diligence work but ~25% “structuring”) and switched firms. I am so happy I made the switch. Happy to answer any questions!
I also did a Reddit post on my experience: https://www.reddit.com/r/LawSchool/comments/101s78r/i_am_a_jd_working_at_a_big4_accounting_firm_in_ma/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Diligence is likely going to be better than compliance/provision.
Best answer is to get a mix of deals and international structuring. As somehow who had that at big4, it’s not common.
I am in ITS and have never been in M&A but my concern there is the market is constant fluctuating and it seems they hire when the market is hot and then promptly lay off when the market cools. ITS is broader than just deals, so you have a lot more job security.
Open for discussion though. M&A pays more
Smart deal teams don’t do the hire/fire. My group is still taking on campus hires and not laying off at higher levels.
“Deals” which I assume means DD is also just one aspect of an M&A group, but even in down times there are always buyers and sellers. Also, we do a lot of debt restructuring when interest rates rise.