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For anyone that works in PwC’s Cyber Risk & Regulatory - Enterprise Risk and Control Services practice, can you please provide detail about your day to day (workload, hrs, team, travel, etc) and experience so far? What opportunities does PwC offer outside of supporting financial audits within the practice. Thank you for the clarification in advance!
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Except the daily posts about how to transition from FDD to IB, would agree
Coach
Crazy how much more loyal people are when you pay them adequately for the work provided
It’s also about value add. Auditors are dime a dozen. There’s a reason why the Big 4 model results in high turnover every year. Auditors are highly replaceable.
Counting inventory and bank confirmations are not value add. FDD has its mundane and low value aspects, but overall it’s much more important to Fortune 500s.
Mentor
That’s what happens when your job pays you fairly
FDD has had a lot of turnover recently, however pre-pandemic turnover was much much lower and most teams had better WLB so it was very unusual to see people leaving like this.
Coach
I mean FDD pays decently well, has ok wlb (as compared to IB) and is more interesting than audit.
It’s a great middle ground. Not underpaid like audit, obviously not paid as much as IB/PE but also does not have the 80-100hr weeks in IB. Not as boring as industry/makes more than industry. Exits are same/better than audit and can get some banking exits like Corp dev or extremely niche PE. Outside the US (Canada and UK) its quite possible to go FDD to PE deal teams without IB.
Compared to IB it has amazing WLB 🤧
Fewer people, less folks turning over. It happens more in waves in FDD. People like the work more on average but get burned out faster too.
Give it a year or so and you might not have the same observation.