I’m constantly hearing the benefits of FDD over Accounting advisory (FAAS/CMAAS).

Can someone share the benefits of Accounting advisory over FDD.

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FDD is a total shit show for every project. Constant fire drills and fake deadlines. This is coming from a FAAS person dealing with their bs working on transaction support the last two years alongside SaT.

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Accounting advisory will offer better wlb across the board. Exit opps are largely identical these days as plenty cmaas people get contacted about finance and strategy roles now.

One thing that’s a tossup is that fdd can become more routine over time. There’s less variety in the type of work you’re doing so it’s more repetitive than AAS. Can be a pro or a con.

likehelpfulfunny

There are none unless you are obsessed with accounting policy

likefunnysmart

One of the pros (or cons depending on how you look at it) of Accounting advisory is the wide range of projects you can get staffed on. You could be working on Finance Transformation/Optimization on one engagement and do IPO-readiness on the next.

Another one that I heard someone mention before too is that you can present yourself as more specialized if you do decide to go into industry. AAS folks are seen as the accounting specialist, so it sets you up strongly for technical accounting/sec reporting whereas FDD folks might compete against bankers, management consultants, corp dev, etc for the same roles. At the end of the day it really depends where your interest lie. FDD might give you more exit opportunities that are finance oriented but AAS is better if you enjoy accounting.

likesmart

1. As an example, instead of a senior accountant role an auditor might exit to, someone in AAS can exit to senior technical accountant. The scope/responsibility is different and I believe the pay is higher too as it’s more specialized. FAAS exits are pretty broad, it really depends on project experience but typically people exit to technical accounting roles.
2. If you want to be in PA long term, think about whether or not you can handle the FDD/M&A lifestyle for that long. Hours in AAS are usually more predictable and not a sprint. At other big4 their AAS practice sits in the same deal advisory group as FDD so pay is probably the same.
3. Don’t believe one is better than the other for MBA. At the end of the day, both are B4 advisory.

helpful

Non-accounting exits-wise, FDD is probably a bit better. Accounting exits-wise, they’re even to maybe slight favor for AAS.

The main benefit, if you’re fine with staying in the accounting/corp fin world is that AAS has better WLB, more predictability (hand-in-hand with point 1), and more variability in the work. I worked in FDD for a long time and now support the teams via analytics and I’m so over the work. Every deal is materially the same and there’s only so many ways you can slice and dice revenue, so it ends up being just as boring as other accounting/finance jobs after a while. That, plus all the fire drills and tight turnarounds make it miserable IMO.

Take what I say with a grain of salt though because I’ve been in public for 8+ years and am ready to go to industry, so I might just be jaded. FDD is solid for 2-3 years but I’m just over the consulting word in general.

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None unless you love the codification

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So in terms of exits, FAAS is inferior to FDD in every way?

Best to make the switch to middle market firms looking to expand their M&A practice (i.e. Grant Thornton - they actually have staff starting in FDD now)

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