Transaction Services, M&A, Deal Advisory

Need advice on the transition to FDD one day. Will be promoted to senior in 2 weeks (in risk advisory and have CPA). I already feel a huge disadvantage trying to go Risk > FDD (as opposed to typical Audit > FDD). Should I stick it out in risk until deals start hiring again? I think there's some value in being a Big 4 CPA compared to an industry senior analyst. But the work in risk doesn't help me develop towards FDD at all... transfer got delayed 3 times until covid, so I'm down to switch firms

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Switch firms and in the mean time research study everything that FDD does so in the interview you can blow them away. IMO there is no way you’ll be able to go from Risk to FDD especially now with the M&A market. Might also want to look at firms such as BDO, GT etc.

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You might want to sign up for Fortune Term Sheet or NY Times DealBook newsletters. They’re a little VC focused, but not bad for keeping up with M&A activity.

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Risk advisory to FDD is a really tough transition without the GAAP/accounting focused experience. I want to be a cheerleader here, but want to be transparent too. Especially now, having a steeper learning curve than others will be a challenge.

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Amen to that - Cohn Reznik has been recruiting on this app. So has Elliot Davis

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Switch firms and don’t be afraid to go to a mid tier firm

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I’ve heard A&M is hiring for FDD

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BDO TAS is looking

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@KPMG5 any other KPMG-esque questions/comments?

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Apply externally

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Jump shit. May need be easy jumping given you’re background and the economy right now but it’s better than an internal transfer.

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To echo above, I don’t see many coming in from risk advisory within the firm. Might have a better chance by jumping to another firm

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I transferred from RA to FDD, and i know a few others that did as well. Your tier rating likely most important (if internal). Lastly fdd work will have high curve to pick up. RA/audit offers little transferable skills - imo

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Ok, I have good knowledge of Alteryx and connected with HR/1 partner. I’m considering whether I should take industry job or wait until next year when they start taking internal transfers

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If you want the opinion of someone who was just let go from FDD in the RIF.. you don’t want to go into FDD. Hours are extremely unpredictable, you are worked quasi-IB hours, and you will not be compensated in line with the amount of work. You are always on the clock, period.

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Appreciate all the insight. Honestly it's less about "I want to do FDD" and more about "I want the exit ops that FDD brings". Risk exit ops are not aligned at all with my goals. Zero chance anyone hires me for a senior FP&A position or anything M&A related unless I change service lines. But like you said, I know I'll deal with a ton of bs if I ever did get in, from volatility to shitty data. I'm prepared to deal with that while I'm young. Although, I've almost given up at getting in at this point. Might follow your path of doing something completely different if it comes to it.

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