Planning to transition to IB in 2 years time (hopefully the market normalizes) once I have enough reps and experience in FDD.Total YOE at that time would be 8 years from B4,6 audit and 2 FDD. I’ll be 30yo then. Is it worth it?

like
Posting as :
works at
You are currently posting as works at

Not saying it’s impossible, but the longer you take, the harder it gets to pivot. At 8 yoe, what will your title be then, SM? With no real-life modeling experience, you’ll realistically have the skill set of an IB associate (maybe even analyst), and be significantly older (and potentially slower/less willing to grind) than your peers.

Maybe consider why it is that you want to transition to IB. Do you have a genuine interest in finance or is it the prestige and comp that appeal to you? If the latter, maybe consider A&M in 2 years time instead…

likesmart

W/ 2 yoe in FDD, you would realistically come in as a M and clear between 250-300 at today’s rates (maybe a bit more if we continue to experience inflation). If you’re a top performer you could make D in a year and clear 3-400+ on average, with potential to break 500+. Not IB level comp but getting close.

If you’re really intent on pivoting to IB, I’d skip FDD entirely and either recruit directly into a small shop from audit or MBA route at this point.

I’ve never seen anyone make this type of move - leaving earlier is much much better. You will likely be limited to small boutique shops which this trajectory. Consider what your end goal is and if banking is really necessary to get there.

I made the move earlier this year from Big 4 (4.5 years audit, 1.5 FDD) to PE. The move I made is about as late as I’ve seen anyone move.

Good luck.

likehelpful

Good is relative; but yes I think it’s good (I am in Canada. It might be 1.5-2x in the US)

I went in as an Associate

I’ll never understand the want to go into IB

funny

Good amount of money with little to no time to enjoy it. Excluding the fact that there will be intense stress compared to other types of jobs.

Moving at the Associate level, i don’t see how. All MBA associates going in at basically almost 30 as well.

like

second this

~$400k

don’t think a bank is gonna pay someone $400k for 6 years of audit and 4 years of FDD experience.

two years - why wait? it’s only going to get harder with time

with two years of the busiest M&A period we’ve seen in a decade?

smart

Related Posts

What is your opinion on moving from Tier 2 (5 years, strategy consulting) to MBB as manager/senior manager? MBB office (LatAm) reached out looking for experienced consulting manager to join their team

Do B4 personnel have any pull in referrals for offices that they aren’t located in? Want to relocate and have some connections at the other B4 I’m interested in, just not @ the office I want to go to

Hello Fishes.. Does novartis asks you to do a IBM course before joining? They have asked one of my friend to complete IBM course certification before joining the org.

like

Definitely took the wrong job. I was offered a seriously competitive salary and great benefits to work at a well funded startup, which is great! Turns out the salary and benefits were meant as lowkey bribes to insure I worked at the company without actually doing any work. Every single suggestion I've made has been shut down and I've been ghosted for several meetings with the CEO. What should I do? Just leave?

like

Hello! I'm in internal HR as a HRBP but am looking to get into HR Consulting in the next 2-3 years. Among the Big 4 Accounting Firms and Big 3 (MBBs), which has the best HR Consulting practice?

like

Hey everyone, looking for some advice. I’ve been working as a RC for a tech company for 15 months making 45k (I know I’m underpaid) and I’m looking to pivot. I feel really burnt out in this role and would love to transition to something else, perhaps another department. I don’t really want to be in an entry level role again, so what kinds of jobs should I be looking at where I can transfer over my skills easily? I also have customer service experience but would love to stay away from that. TIA!

like

Hi guys
Had a query regarding Salesforce strategy roles.

Is it worth trying for strategy roles after 2 years in Tech Strategy projects at EY ? Or is there something more specific that I should be doing ?

Observed on LinkedIn that generally an MBA from Tier 1 University is the norm.

I am interested to apply to Salesforce in the future, if not now.
(Currently finished 1.25 years of work ex)

like

Hi all! I spent 8 years working in the veterinary field before deciding to go back to school to get a degree in communication media. I graduated in 2020 and I got a job with a national franchise (corporate) less than a year after graduating. The role was for a Brand Manager and it transitioned to Communication Manager about 7 months in. The company was toxic, disorganized, had no idea what they were doing. *cont in comments*

like

Hey Everyone!
I’m coming up on one year of working in consulting post under grad in a financial services vertical. I know I want to transition to corporate strategy down the road, but don’t have much interest in financial service strategy. Should I try and switch into a more applicable practice such as M&A or operations? Will I be able to break into corporate strategy without any past experience in that industry? I want to avoid getting pigeonholed into FS, but with COVID, don’t want to leave.

like

Kroll Employees, how is the workload, travel and overall experience in their Expert Services department? Need some honest feedback

like

Hi, I have got an offer from HSBC at Analyst - GCB 6 for Business Analyst Role where the job title in the letter is given as Analyst.

I wanted to check if anyone who works in HSBC Global Transformation team can help me walkthrough the structure and the work culture in it.

like

Trying for a job in the big 4 as a senior associate. No luck yet. Any suggestions 🐠. Close to 5 years experience and a Masters Degree. Looking for jobs in Data & Analytics - DW & BI.

Accepted offer1, a month later offer2 came in at 20% more. Both B4. How to best maneuver this without burning bridges? Should I ask offer1 to match? Should I just send them an email thanking them?

like

Has anyone been in a Corp dev role at a PE operating company throughout the entirety of the holding period? Did you stick around after the exit? What are exit ops like? My fear is a Corp dev team is the first to go especially if picked up by a strategic. Any thoughts?

like

Do internships count towards years of experience? I held my first design internship in 12th grade (2016), and have since held at least one internship per semester throughout college, all related to my career path - but they were all part time. In my last semester of college (May 2020 grad), I worked as a full time contractor for 18mos. I freelanced after, before working as an FTE the past year.

When asked how many years of experience I have, how should I answer?

Thanks in advance!

like

What is the best way to start down the consulting path & do you recommend it ? Background - Working for an end customer, previously as a Systems Analyst troubleshooting across multiple systems and then into the Salesforce Admin role early last year. I have my Advanced Admin cert, lots of hands on with troubleshooting and some solution planning after going through an implementation of a new org that is integrating with our other systems. I have experience with SFMC but more user management.

like

Looking for some advice on a couple of offers I have.

The first offer is for an Account Executive position at a smaller company with a base of $50k and another $20k in OTE.

The second offer is for a BDR position at a larger and faster growing company with a base of $60k and another $20k in OTE. Also some stock options but they aren’t public yet.

I have 2 YOE as a BDR and think I could succeed in either position. Both have hybrid work set ups. Any thoughts or advice is appreciated! Thanks.

like

Larsen & Toubro Infotech Hey Guys,
I have 2 offers, one from LTI and another from TIAA. Please suggest better option in terms of career growth, wlb and annual hikes. LTI -

Dont know which project I will be assigned to and TIAA is in BFSI domain Salary is almost same and profile is Business Analyst

Yoe - 8 years (5 years java developer and 3 years as BA) Larsen & Toubro Infotech Teachers Insurance and Annuity Association of America

like

I got denied for promotion in my current organization and was released to bench from my project, despite being eligible for the same.
I was suffering through health issues and tried my level best to balance work and my doctor's appointments. Yet, this is the ending that I had to see.
What should I do? I'm feeling lost as I have 2.25 YoE and I'm in a domain where it's next to impossible to switch company. Please help!

like

More Posts

#Urgent and Active Openings

L&T Infotech is hiring Pan India for below roles: Interested people can drop their email id's and Names with respective Job Id's .

Post Photo
like

Do you need to be a US citizen to work on government external audits?

like

Anyone feel they’re slow?

likehelpfulsmart
like

Anyone live or tour milieu in the west loop? Looks super nice but I’d love some input!

like

Is L1A or L1B the only route to an EB1C greencard?

like

Please help me find work from home

like

Anyone have any insight into the most recent base salary for S1 PwC advisory (Management consulting FS)?

like

I’ve been teaching high school for over 10 years now. Lately I have been frustrated with my students’ helpless and entitled attitudes. Is this just how teens are today? How do you deal with it?

like

Hi Fishes
I came to know from outside that Capgemini has asked few recent joiners to look for other job... Does this happen frequently
How is the job security with CG?

like

I’m an associate coming up to my first ever busy season - what are your top tips for surviving and succeeding?

like

Can I wear Tudor GMT to client or do I need to bring my Seiko?

Post Photo
likefunny

29m. Any single f fishes in Sacramento interested in meeting up? I’m here till Thursday

I gave 3 rounds at sas R&D, 3rd round was final round which was just normal talk about company culture , work culture etc. But after that i didn't hear anything from HR, is this how this company behaves? Although they were very quick in scheduling Frist Second and third round but didn't hear anything back from them, even i tried to call and message but no reply

Hi Fishes,
I am looking for a referral in TPM/ Senior TPM role. Kindly let know if either of you can. TIA

like

We are a very small firm. I have had a paralegal working for me for 14 years. She is my longest tenured employee. She is good but by no means a superstar. I have given her a raise and bonus annually. I am trying to figure out at what point I might stop giving her raises. On the one hand, she is a valuable employee. On the other hand, I could probably get someone cheaper who could do the job as well and giving a raise every year because she expects one may be too generous. I appreciate input.

like

Hi all, I'm looking for a switch and have an Edtech experience in Byjus as a Senior Student Success Specialist. Please guide and refer to me for a better domain and long term job security

like

The wife, baby and I are moving to Greenville SC in the spring.

Would love to hear anyone’s experiences about the city and where you’d suggest we start our house search!

like

I ask via email a Managing Director to include me in a discussion, or to approve a spend and don't get any response. Is it a polite way for them to say no? In my country this is just disrespectful.

like

Additional Posts in Transaction Services, M&A, Deal Advisory

The PwC Deal leader. Do you have something sad or upsetting? Why do you always wear a frown? A smile really makes the world better.

funnylike

Anyone in restructuring that I can DM some questions?

like

Are there sign on bonuses for an internal transfer? Coming into FDD if that matters

like

Should I stick with Big 4 audit( currently senior 2 and received good reviews ) or look for FDD sr jobs in tier 2 firms ( Like RSM )

likehelpful

Do interns in FDD usually work overtime in the summer?

likefunny

Best exit ops for B4 FDD M/SM’s?

like

Anyone switch from middle market to big 4 and regret it?

like

Has anybody had any experience with Deloittes M&A integration consulting? The title is specifically Senior Consultant - Integration. What are the hours like. As an auditor, would my skills transfer? Is the work more predictable than M&A FDD? Thanks for any help out there.

like

Looking for TAS Healthcare experienced Senior Manager looking to build their own team, have a fair amount of autonomy and plenty of PE/corporate buyer clients/referral sources day one

like

Charlotte senior 1 FDD/TAS salary? Please note if you switched internal or external as well. Thank you!

like

Why does the firm ban you from T drive access after making Manager?

like

is FDD going to start hiring again?

like

I really like TAS but I kind of really don’t like it.

like

Which firms have a Financial Due Diligence practice in Philadelphia? I know EY, KPMG, RSM, PWC, GT, and Marcum all have one, any others?

Which Big4 firm has the biggest presence in Deals/FDD in philly?

like

I had 1 YOE in big 4 tax and now 1st year (not top tier) MBA program. I got an interview invite for FDD MBA intern at Houlihan Lokey and think it would be my chance to dust the tax tag and glitter off me. Any recommendations I prepare for the technicals (CPA who has no audit, deal related experience before)

like

Alvarez & Marsal A&M folk - do you find yourselves working more than you did at big4 FDD? Seems like there’s no downside to switching but wanted to confirm here first Alvarez & Marsal

like

When is too soon to quit a new job?

like

Big 4 Directors (or equivalent): what are typical hours you’re working these days? Currently at mid-tier and contemplating a switch, but generally working 45-55 a week, which isn’t too bad.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal