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Anyone from digital business services team?
Visual Storyteller
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Conversation Starter
What is a good salary for a director in NY?
Mentor
When do we get salary ?
Last day of month?
I stay rapping
Additional Posts in Transaction Services, M&A, Deal Advisory
Mentor
M&A tax manager 1 salary in NYC ?
how much harder is banking then valuation?
What’s your utilization right now?
Coach
Coach
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Spent too much time asking the client how their schedules tie to the TB.
This is pretty much audit.
Bingo.
Coach
It’s still better than drafting technical accounting memos for the files, documenting internal controls, and filling out SEC checklists and also pays better than audit.
Coach
Touché
Coach
I think you're too junior. there's some actual business analysis that should be going on. still an accountant job though
Coach
This
Subject Expert
I enjoy it
Typo, meant to say pay is overall better than Corp Dev from what I have heard from many friends and contacts who work in it. FP&A def gives the better WLB tho
Coach
That’s the fun part though. I’ll spend all day in a TB to avoid control documentation.
When you’re 5+ years in, it looks different. Someone has to do that stuff. After that, the thinking happens.
Enthusiast
This. Had a similar experience now that I’m more senior
Now you’re sounding like our clients and targets who say that we are “auditing” them.
It’s nothing like audit. It’s also much more than building data books but the so very experienced seniors here think they know what FDD is all about. And if you’re doing it right, it’s more than just accounting. But it takes years of experience and innate skills.
This…you can spend hours on hours going back and forth about how a schedule ties out to the GL or actually analyze the information in front of you. Some people can’t break away from their audit roots and can’t see the larger implications of FDD work.
Pretty much haha
Mentor
It’s definitely an accounting job, but it’s not audit.
Well that’s why everyone comes from audit
A diligence is an audit really. You’re just looking at it from a transaction point of view
We are there to do the following:
Make sure model starting point ties, find ebitda adjustments, and value add with the SPA (indebtedness definition). Most of the time we aren’t doing a lot of value add that moves the needle on a deal. Maybe if it’s a small deal with a non sophisticated PE or corporate we can do some analysis that our clients care about. But lot of the time it is just negotiation points we find which is audit hat
Is value add to that but let’s be real about how much our clients care about our analysis