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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 worked in both partnership and a PE owned firm- in a PE environment expect everything to be centralized for most if not all business functions so for example your HR may not be in the same country which means Goodluck getting the benefits other local companies give. Utilization targets are usually increased and regularly scrutinized. Margins become the driving force of all decisions at the expense of the staff . The pros are compensation will be good if the mad targets are met but this was the case when interest rates are low, in a high interest rate environment most of the funds will be used to service the PE debt and dividends. Partnerships have their weaknesses too but it's nice to have the business run by practitioners who mostly can relate to the staff rather than a c suite made up of former industry people selected by the PE fund.
*some partners will make out “big”. Most partners will not. I bet 95%+ would not do it in hindsight.
Some did. Most had to roll their equity.
Manager at BDO. Utilization has been a big focus lately