I am an incoming intern at EY deciding between sectors in FSO. The options are BCM, WAM and Insurance. I feel that I would not like insurance as much as the others, but I am open to look into it. Is one sector better than another? Does one sector lead to better promotions? Does one sector give better opportunities if I wanted to leave the Big 4?
There a a thousand questions I could ask but I’m looking for any input from professionals in the industry. Any and all advice is welcome.

Post Photo
Posting as :
works at
You are currently posting as works at

I would personally go for BCM, it's far more exciting. Had some friends that did WAM and they were bored out of their mind lol

like

What are you interested in? It’s all assurance, and there is no difference in promotions etc., so it really comes down to preference.
A good way to decide would be to ask yourself the question, “What industry would you want to work in one day if I left EY?” If you can’t answer that yet, do more research on what a career in a bank would look like vs. PE fund for instance

like

One thing that I didn’t realize about insurance before I started doing some work in it is that insurance is more complicated than it lets on.

Insurance companies are basically pension funds without outside investors. They generate revenue via insurance policies then invest them over long time horizons similar to pension funds. Typically these are lower-risk investments, but they can be sizeable.

like

I was in FSO consulting so can’t speak much about assurance. But I feel that WAM has better paying exit opportunities (hedge funds etc) and BCM has more complicated engagements. Insurance is pretty boring and insurance companies don’t pay as well as WAM and BCM as exit.

like

WAM has a never ending busy season. BCM is the way.

like

Related Posts

Anyone know what would be the level and salary range I can expect if I try to transition to a sales job? Currently an operation manager making around 130k a year. Have about 3 years of management experience and 2.5 years of low tier sales experience.

like

Hi I have received offer letter from Harman for Mercedes Benz client in Bangalore location.

My joining date is very near.

Can anyone help me about the work culture and growth

like

Hey all. I have an interview with an investment bank coming up. I am currently a senior associate at big 4 doing financial due diligence. Can anyone give me interviews tips/what to study? I am very new to the diligence (less than 3 months), so am far from understanding a deal start to finish.

like

Best YouTube channel to learn Salesforce?

like

I am A2 in PwC AC Bangalore in Management consulting - I want to shift to US office due to some reasons. Can anyone please elaborate the intercompany transfer / internal rotation process? Like where to apply? what are the requirements?

likefunny

I'm looking to leave the legal field. Its really toxic for my ADHD and I feel miserable everyday here. How can I pivot my career towards government/policy roles without having to take a huge step down in income?

like

What steps should I take to become a marketing manager in 4 years? I'm currently a coordinator but I'm very goal-oriented. Determined to achieve this!

like

2 YOE in project management at a CRO and now 1 YOE as an analyst in life sciences at Accenture. Kind of want to switch over to L.E.K. Consulting as a consultant. How much more experience would I need? Is it worth it to make the switch? Have a Master’s in Biotech as well.

like

Which is a better specialization option within consulting? Commercial Operations (sales & marketing) vs. R&D Strategy in Biotech? Would the answer be different if it was focused within Pharma? No Ph.D.

like

This might be a long shot but I'm looking for a volunteer who is trying to break into a federal career. Maybe a transitioning veteran, recent grad, or career-changer.

I'm pursuing my master career coaching cert and need to do a recorded 45-minute session. You don't have to be identified if you don't want to.

The single session is all I'm asking but could certainly turn into a longer lasting coaching relationship (at no cost), if you like.

like
like

I’m working at an insurance defense firm, trying to target my practice to L&E. I’m overworked and underpaid, but gaining valuable experience I hope to pivot toward an eventual in-house counsel position. I recently was offered an opportunity to lateral to a national firm for a significant pay increase (150% salary increase, much better benefits, hybrid WFH options). Problem-I would be shifting gears to Toxic Tort. I’m torn between my passion and the money. I’m a second year associate. WWYD?

like

My company has grown from 50 to 200, and my impact as an HR leader needs to grow from IC activities (recruiter, hr ops person) to.....hr leader. Any tips on doing that (and doing it well?)

like

What is role of Agile COE in Wipro. How this COE works in Wipro?
It it worth to join Scrum Master in Wipro.?
Any onsite / Promotion Opportunities for ScrumMaster

like

Corporate strategy roles - which industry is "best" (from resume/career progression POV)?

likehelpful

Trying to transition and looking for a general progression of how you would go from essentially zero to entry level job as quickly as possible?

Currently going through the CS50 course to get a very basic introduction. Trying to avoid going back to school but open to boot camps if the community thinks they're with it.

Thanks in advance!

likesmart

Hi fishes,
I have recently joined in a project as a Oracle JD Edwards finance Functional Consultant.
Is this a good ERP to kickstart your consulting career and whether there are good opportunities for this ERP in the future.

like

I joined a new consulting firm and have been here for 6 months. Recently, a SaaS client (1k employees) that hired my old consulting firm reached out to me about a job opening - Lead BA working primarily to implement their benefit admin system for insurance companies. My current TC is 95k. Is it worth making the jump if the offer is north of 110k? Anything I should look out for? The client and coworkers were all nice, but I remember being stressed on the project due to limited resources.

like

Looking to brainstorm ... What's the next wave to ride for the next 3-5 years and how to position yourself?

like

Interested in becoming a Google cloud product manager. Here are my observations on the experience you will need to be considered.

Here are my observations about the skills and experiences that PMs have and how people are joining that group.

They are all technical. All of them could easily be very technical cloud consultants or cloud engineers.
Tl/Dr. If you couldn't get hired as a cloud engineer or cloud consultant - you probably can't become a PM

like

More Posts

I always feel like I’m one mistake away from getting fired 😵

likefunnyhelpful

What if institutional investors really buy into futures and drive BTC really high, as opposed to short selling them! Anyone have FOMO?

like

There is a thread on the main bowl about which level is the hardest and the consensus seems to be director level is the most difficult one. Are some of the things said there true of IFS directors too?

Anyone used a good moving company recently?

like

Heard from me:

“Oh, junior person, you have edits to the monthly activity report 3 days after your deadline to review the report, and after I sent it to the client? How lovely for you."

likefunny

Happy Halloween! Who says Financial Professionals are not creative? Share what you dressed up as for work today?

like

Does EY help pay for hearing aids? Starting full time this fall and I think I remember reading something about it when I interned but I no longer have access

like

How long do you spend on monthly reporting for your clients?
My 3-person team spends about 15+ hours a month each writing monthly reports for our clients (99 small retainer clients). We’ve received feedback that they’re too complicated and the clients just want to know - are we on the right track, what action items are there, and what any next steps are in their strategy.
How do you simplify without losing value?

like

Hi fishes.

I'm recently completed my MBA from a good institute and am currently a CFA L2 candidate. I have approx 2.5 yrs of workex and am interested in roles like FP&A, Financial Modelling, portfolio/risk management, valuations, or fixed income. Would appreciate a referral for an IB.

like
like

Have been approached for a "Transformation Officer" role at a PE held port co with high probability of getting it. Torn staying in consulting ( 1.5 year post MBA till now) or new role? Suggestions?

Sometimes I feel like I over prepare for these interviews in that I prepare for the wrong thing. Expected to throw down some answers to technical questions and it ended up all being culture and fit related

like

Help! I’m keen to make the pivot to FAANG + Microsoft in a Product Manager capacity. Any key resources folks suggest? (Particularly as it relates to online courses and Discord’s/groups where folks practice mock interviews?)

like

if you have your bachelors and a certification (cpa, cisa, cia) relevant to your practice. is it worth getting an MSA or Macc? benefits? also has anyone tried online MSA (I heard sac state was okay)

like

Thinking having a 24’ HD and a 28’ 4K monitor setup. Is 4K for excel not necessary? How about 28’ monitors?

like

Still using Ally Bank savings account, but the APY had dropped to .60%. Time to move. Any recs on personal savings account? This is my emergency “savings”

like

What is DLP ? What happens if someone gets warning by DLP for data transfer?

like

Hey all - looking for help finding new men’s clothing for casual wear (all seasons). What’re your go-to brands?

Trying to expand my style & look at new brands - currently shopping at Zara, H&M, Bonobos, Banana Republic

Thanks for the help!

like

Additional Posts in Career Advice for Students

Can intern salary predict full time salary? I’ll be making 24/hr this summer 36/hr overtime.

like

What does the pay range look like for a UX/UI Design Intern?
Background: Master’s in CS student based in NYC/NJ.

like

Can anyone please tell me what’s the expected salary range for Risk Analyst Role. Thank you.

like

Looking to hire PsyD for our practice. The PsyD is in beginning stages of their career. Wanted to see what the salary for PsyD in Sacramento, CA area is?

like

How can I DM people? I just joined!

Update: I need to get likes. Please help me get likes so I can DM someone.

Follow up question: do I need to get likes every-time I want to DM someone or its a beginner thing? And how many likes?

like

Hi everyone! I'm currently looking
for an entry level tech consulting
position! I graduated in May 2021 with an MIS degree and started working as a client specialist. The work is not challenging enough so I'm looking to make a change. If anyone would be willing to chat for a bit about roles
available at your company and maybe
even refer me that would be great!

like

Hi I have 2 offers one from PGIM Investment Operation and the other PNC Bank asset management. Any advice for me? Which one should I accept? Thanks

like

Received and signed a BA offer at $85k + bonuses and profit sharing at a T2 in NYC. Any guesses what salary for SBA, Associate, and Manager will look like? Ranges welcomed.

like

Is it too late to get a tech job now if I graduate next semester in may? applied for many software engineer roles in nyc but haven’t heard back

like

Hello everyone, I'm a cs grad student graduating in may making a career transition from mechanical eng to cs. I had an internship but its been hard to find a fulltime dev role. I was thinking of taking a lower position at some company and working myself up maybe BI to DA. I would like to work as a dev but a lot of the small companies are offering salaries significantly under 100 for jr dev roles. Any thoughts?

like

Anyone received first round application as an auditor virtual interview form Deloitte recently? Has anyone taken that before? I have clues about the written reposes. If anyone could tell me a little bit about it that would be great thank you!!!!!

like

Hey I wanted to make freinds with lawyers and people going to school to be lawyers, comment down below thanks

like

Hi all

I am a european law student and I will try to get to do a J.D. in the US (i want to move there) and I wanted to know if it‘s possible to work next to your law studies in the US. I have been working between 20 and 50 hours while studying (it‘s exhausting af but i need the money lol) and I wondered how the situation is in the USA.

like

Bain & Company I’m a PhD student looking to start in consulting and am looking to connect with other PhD/ADP consultants that went into consulting to learn more about the experience and how to prep for case interviews coming from a non-business background. Especially looking for advice on McKinsey & Company, Boston Consulting Group, and Bain & Company

like

Will it be a negative if we don’t use the full 10 minutes for the Accenture technology showcase? I’m clocking in close to 7 minutes.

likehelpful

Omg…I’m starting an audit associate role with EY in the fall and I’m starting to freak out as I’m reading all these Big4 audit horror stories!

Hit me with the good, the bad, and the ugly…please be honest! EY

like

I have almost a years worth of experience in wealth management at Merrill Lynch, I have accepted a full time consultant position at KPMG post graduation this semester. Would I be able to pivot with that experience into Goldman Sachs later in my career?

like
like

Does anyone have any experience with northwestern mutual ? I just got a offer for a internship there.

likehelpful

Do any of you follow your career center’s resume template/ guide in terms of formatting or do you use something else?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal