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If you’re burnt out from continued busy season I would think twice about an FDD role. While we don’t have a “busy” season, this current M&A market means every firm has been essentially sold out from a resource perspective for like 2 years. Hours can be very long and very unpredictable.
Do you have a chance of getting in? Probably, all the firms are hiring in basically every major market. Expect a 10-20% premium on audit salaries for big 4 in the same market.
Also, and not to be a dick, but FDD work involves a ton of formal business writing. If I received an email with the grammar from your post I wouldn’t bring you in for an interview.
Big 4 FDD has no modeling....
FDD is much different than acquisition audits, much more modeling, NWC work and QoE analysis. I enjoyed the work more than audit as there are no required work papers to complete. Schedule is much more unpredictable though, can't say how many times I thought I had a free weekend to only receive a call on Friday and there goes the weekend.
Everyone just chill. It’s Friday. thunders and pacers are having a good game.
Any insight or comments are welcome. Burnt out now in this constant busy season. Also, how much they pay?
^ lol was thinking the same thing. NWC trends are based on historicals. QoE adjusting for rev and expenses that already happened. Net debt/debt like, already happened. There is zero “modeling” in FDD. At best a report helps the client adjust their model for valuation. Helping a client move NWC pegs is still based on stuff that already happened and not modeling. #WantaBeBankers
^ people use the term modeling too loosely I don’t think it’s their fault for using the term
Manager 1 your grammar is nothing to write home about either. Judging by your post, you are probably a dick.