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Pros and cons of FDD vs. Tax M&A??
For those in FDD - how challenging is the work?
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Subject Expert
Can confirm as a manager. If you have <1-2 years of audit we won’t want you. We need experienced hires with FDD experience otherwise your basically doing the same work that we essentially send to india.
Not in EY but I don’t think you would have a freeze. Plus if they’re not gonna take you because your experience, they’re not going to have open position for people with your experience in six months
Subject Expert
Last year we needed people due to deal flow and that was a one off year. Now its back to normal where the focus is more on experience. Most work done at the associate level can be done by india and experienced seniors can perform work faster than someone with less than a years experience without much coaching. You have to learn to walk before you can run.
Subject Expert
Agree with D2. Anybody with less than 2 years of audit experience will not be a value-add. Their just gonna be there to help out. Experienced audit seniors/manager have seen a lot of shit thats the shit you need to find in FDD.
Mentor
Try small firms
Even Smaller. Those firms you named are not small
You most likely won’t be able to get into any of the larger firms at this point. Going to have to shoot for smaller regional firms and do more time in audit most likely.
Coach
Literally any firm doing FDD. Do that for a year and you can jump to big4 w no prob
I got into FDD as an entry-level associate at PwC aka a campus hire since I had <1 YOE. Since campus hiring is cyclical, you could try applying to those positions in the fall with a start date in like Jan 2023 if you're willing to essentially lose a level.
Mentor
I see a lot of senior postings on LinkedIn but they’re usually senior. I think pwc has experienced associate positions
I also saw the pwc one, but even it is for "experienced associate," the minimum experience is 2 years...
Community Builder
Try a smaller firm, even really small. Try like Riveron, Crowe, etc. Once u get some FDD experience u can always go back to bigger firm.
Community Builder
One more to add - Kroll. Saw someone with 7 months audit to there as TAS analyst
Mentor
Maybe check CohnReznick?
Did 12 months in big 4 audit and switched to another big 4 FDD as an A2 in December. Looks like market has changed since then though
No
Coach
There’s a reason we ask for 2+ years of experience. Most barely know anything after two years. Sorry but you don’t bring anything to the table with 9 months.
Sure, thanks again for your response!
Mentor
It was possible last year but no more. Definitely try smaller firms. You can easily move to B4 after you learn from there.
Thanks everyone for your insights! Will definitely try smaller firms first.
If you are in the DC area DM me we have a spot at a boutique firm for someone with that experience.