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how much harder is banking then valuation?
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Coach
And the push to offshore more, use AI more, shorter timelines, more clueless clients, RTO, continued layoffs, stagnant pay, crappy exits due to bad job market
Community Builder
For years TAS has been in growth mode. Many firms hit saturation point. They're now much more aggressive about productivity, margin and pricing. Less emphasis on people happens as a result, more offshoring, a smaller share of the pie of those still here and less progression opportunities.
It will swing too hard in that direction before bouncing back. It's what always happens to any maturing industry. Before that happens seniors, Managers, Directors will look around and seek alternatives for that to happen as they realize the parties ended, the lights are off and nobodies home.
Common denominator here is Partners selling projects with insanely low budget, thereby creating constraints on staffing. To make their targets, they have to sell more projects which means people are often on 2-3 simultaneous deals. To be fair it’s not entirely the Partners fault that the FDD market is becoming more commoditized. Most buyers / sellers could not care less whose name is on the report. It’s just a check the box exercise for financing / IC.
Completely agree
Let’s all quit
🙄
Well TAS is no different from audit in Canada with respect to pay, exit ops, workload, etc. sooo I can understand the hate
You can exit to IB from audit. Its fairly common
Easy fix. Just f*kn pay me.
I know we’re not investment bankers but the expectations can be brutal sometimes.
It sure feels like I should make the same base as an investment banker sometimes. I’m on the tax side and deadlines are also brutal because (in my personal experience) tax is usually the last work stream to get going, lower priority to the buyer than FDD findings… until they realize there’s a potential multi million $ exposure out there. Then it’s “drop everything you’re doing” to fix that issue, fix a report, explain to client, argue with the other side, etc. 😂 I know gets it just as bad in other ways. So agreed SA3… pay me.