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Are you all selling your puts at open?
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What is TM position in Bosch Global.?
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To be clear, transaction Advisory is accounting. In FDD your advising on accounting topics, financial reporting and cash flow, all of which heavily revolve around accounting.
Further, I would argue that as a 2nd yr associate what you dislike is the audit environment, not specifically the accounting peice of it all.
To answer your question directly, if you've passed some exams already I'd suggest just getting the CPA. Once you step away from getting it completed, it's not likely you would ever get back in a position to obtain it should you change your mind.
Also in FDD, we very much still want ppl to have their cpa
Help clients with their financial reporting
It blows my mind how many people think FDD is pseudo-banking when it’s not. There is no modeling in FDD, you may want to read up on what FDD actually does
Doesn’t pseudo mean fake/sham? In that sense I’d say fdd is that (coming from someone currently in fdd and been prepping for ib interviews for a couple weeks now)
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Let’s be real, the CPA exams are not very hard.. the content is broad, but not deep. You got this, OP
I started out in audit, got my CPA, and now work in RX. Having a CPA has been a huge asset when interfacing with the accounting / finance function at the client.
Also, having a thorough understanding of how financial statements flow makes putting together three statement models cake.
Would highly recommend finishing it out if you have already started the process.
@Alvarez & Marsal 1 How has your experience in RX been so far compared to Audit? WLB, deliverable expectations, structure, pressure, quality of talent, team culture, client culture (I know that it can get hostile sometimes?), etc.
Agree with D1, FDD is accounting and CPA is still useful. Some places wont take you without it (HL). I interviewed for valuations roles at known PE/HF and they all wanted someone who passed the cpa.
Like everyone else, I recommend getting the CPA. You’re already partly there. You have the habits and the free courses now while in audit. Also reimbursement for exams and fees. Opens up lots of doors you don’t have right now. It’s helped me get opps and $$ my peers aren’t getting
Get the CPA. You don’t have to be an accounting wizard. “if you study, you will pass”. I studied from 7pm-11pm at least 3 nights a week and as much time as possible on weekends. Hammer multiple choice questions from ninja and it will eventually click. You can do it.
FDD, M&A, turnaround & restricting is in fact heavily accounting based. Don’t think it’s some sexy high finance job, no. You want real finance but soul sucking job that’ll turn you into a no life successful being? That’s ibanking
I’m in FDD at Kroll. I know they have ibanking like HL but I’m not familiar with how good their M&A team is compared to competitors
Continued….. There are so many modeling/info courses out there that I can use to learn for these services and can’t help but feel that I’m wasting time studying for my cpa where I’ve only passed audit so far. Any advice? Anyone willing to give a reference for me?
FDD will open up doors where it’s not necessary to have a CPA. BUT if you already started the process then it can only benefit you to stay with it. I went from audit to FDD. I plan on exiting to something finance related where I won’t need a cpa. I still kind of wish I had one cause it can never hurt.