Can someone tell me the pros and cons of transaction advisory?

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Pros: better pay than audit/tax, corp accounting, significantly more interesting work (imo), and learning skills/knowledge more relevant to overall business and strategy than most accounting jobs.

Cons: typically worse wlb, unpredictably in hours worked, and culture can be demanding especially when working with PE and investment bankers.

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I was an M3 last year in NYC and made 190k base with 16k bonus. Seniors will probably be 120-140k base with 10-20% bonus.

If you want WLB don’t do deals. Audit you know exactly when you are busy, deals you can be busy for months on end with zero notice. One day you work zero hours, another day you work till 2am.

Of course pay is higher, but Managers and above have a more stressful job.

likehelpful

IMO, FDD WLB is shitty. On par with audit, but in a different manner

likehelpful

Thanks for the insight!

Pros: better pay, more interesting work
Cons: unpredictable schedule, niche field so higher exits may not be there outside of FDD for a pay bump

likehelpful

Seniors 123- 125 base

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HCOL?

To clarify: as a day to day job

I really hated the culture and it’s very demanding

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