What are the exit opportunities from Transaction Services, specifically deals and financial due diligence?

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exits from my team semi recently: VP of finance (CFO role without title) at a PE backed software company (M2), Corp Dev manager at PE backed healthcare company (M2), laterals to smaller firms FDD groups for large pay bumps (seniors and managers), top 10 MBA program (M1), Sellside banking analyst positions (2x S2s). In my experience going TS doesn’t really closes any doors (beyond Sox focused roles) vs staying in audit, and can help you jump to something more finance focused if that’s what you want to do.

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Honestly, they are not too dissimilar to Audit exit opps. You have an easier time finding opportunities though since you’re working in a deal environment so you are getting constant exposure to places that are going through a reorg. I saw a manager go to a director position for South American acquisitions in private but the other 10+ people I’ve seen leave got very similar jobs to what Assurance people leave for but it seems they have an easier time getting a better title (e.g. senior gets a manager job or manager getting director job)

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I guess it’d also be fair to say a transactions senior would leave for FP&A spots more often than for like an accounting department senior spot

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Curious about this too, other than exits to B-school.

You can go to any companies FP&A and M&A groups.

Most junior FP&A folks need to have modeling experience which you won’t get by doing due diligence. The junior (manager and below) FP&A people I know mostly come from a banking background. Diligence is specialized accounting work which is not too dissimilar to audit. I’ve had offers to work in specialized roles in large companies with constant acquisitions to deal with - but those were focused on reporting of one sort or another. I’ve heard of valuation folks getting jobs at funds, but as internal valuation roles (not transaction or investment team).

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