What exactly do the M&A people in advisory do? What are the exit opportunities?

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

You manipulate terrible data into readable format for the person above you to analyze. Create a databook. Slap it onto a PPT. Cry and look forward to the weekend, only to get booked on another deal and have your weekend go up in flames. You just canceled date night for the 5th time in a row. Your partner leaves you but you don't care, you have EBITDA adjustments to find. Besides, there's a more important partner in your life. The FDD partner wants a trial balance by Sunday night and you can't let them down.

You've worked more than your peers in audit. You see the interns excited to work in "finance" and you cringe. You comfort yourself by saying "at least it's not audit," even though you realize that's an incredibly low standard and doesn't justify the hours or pay.

Realize you're expected to be on call like a banker but get paid a bit more than an auditor. You tell people you work in M&A or finance, but the PE firms you work with call you "the accountants" and it's true: you're a glorified auditor. A lot of deals are already good to go and you're brought in as a final check. Sounds a lot like... audit? Oh wait, is that an EBITDA bridge? You briefly delude yourself into thinking you're in finance or consulting, only for that perception to come crashing down when you're asked to translate a million rows of standard cost data into COGS. Say hello to your best friends: INDEX MATCH and XLOOKUP.

Rinse and repeat until you leave for FP&A or if you're more ambitious, go for IB or
corp dev, with potentially an MBA along the way.

likefunnysmart

P1 - yup I know I’ve seen this before ha

like

Related Posts

Hello! I joined a company in the UK 6 months ago, and received a £20,000 gross sign on bonus - clause associated to this however was that I stay for a minimum of 12 months. Unfortunately, the role is really proving to be the wrong fit, and I am looking to leave.

Question for you all - if I resign, I assume I would be expected to pay back the sign on bonus despite me only receiving approx 12k after tax. Anyone know the process for a tax clawback for something like this? Thanks in advance!

likeuplifting

Any googlers willing to give a referral? Corp finance and strat consulting experience - 10 YOE. Looking for strat / Biz dev roles.

like

For remote folks: am I more likely to find a remote role that allows me to move around multiple times during my tenure at a big FAANG-like company, or a startup? what are things I should look out for in my search?

like

Has anyone ever left finance (or know someone that has) to do something completely different? My experience is split between FP&A and accounting and while I have progressed, I am becoming depressed b/c I feel like I’m in the wrong field. I am generally a motivated, high performing person, but I al starting to slip up and care less, b/c my work is not satisfying to me. I know I just sound like a complainer, but does anyone have any advice?

like

Anyone at ZS willing to chat about a SIPA role? A recruiter reached out to me.

like

What would you say are the best combination of skills for software engineering now?

like

What is the maximum CTC I can expect from Oracle for 8 YOE for the position of Oracle EBS/Fusion Financials Technical Consultant?

Also please share any insights.

like

Anyone want to sell me their CFE books ?

like

What are your thoughts of switching jobs in the beginning of this recession? Would you stay if you had seniority? Current company’s a start up that has 18 months of run way but budgets are tight for next year. Acquired tons of sites and has 3000 employees. Thinking of leaving for smaller pharmas.

like

What’s the pay range for a data scientist role at Facebook?

like

Anyone from AstraZeneca willing to chat about a potential referral? Interested in an AD role posted.

like

Hello, has anyone recently made the shift to being an implementation role from a non tech role? Need some inputs. Thanks

like
like

How did you go about finding a therapist and/or coach to support you in your career transition? What value did they add, what would you do same/different if you had the time again and any other tips?

like

Anyone having experience with opening a brokerage account for an organization (single member llc ideally)? I have a question regarding the set up.

like

What is the scoop on med mal defense vs. plaintiff work? Is defense more respected by other practice areas if I were to switch somewhere else later?

I applied to a position that brands itself as civil litigation and apparently the role is med mal defense. Not sure what to go by but would like to do a little research before I call them back.

like
like

Currently doing Strategy Consulting. How is Revenue/Sales Strategy considered as a career move? Is it prestigious/important in tech companies and what’s the future path?

like

Have you ever heard of an Associate Account Supervisor? Is that a role/position that exists anywhere? Is it just above Senior Account Executive? What would the responsibilities entail?

likefunny

Thoughts on taking a position in the same practice group and same class as your spouse?

like

More Posts

Check out KarinaCummings.com for employment assistance!

like

What are some ways you show employee appreciation?

like

Anyone here from NYC? We should all plan a happy hour or meetup! DC and Atlanta blacks always doing something lol

like

Hiya! I was wondering if anyone here has any good recommendations in terms of books or learning material that I can pick up to learn about sales and marketing relevant to the consulting industry?

like

Guys, have you gone through some traumatic experiences, or realized somethings that unnecessarily cause you to be too aware instead of living your best life? If so, how were you able to reconnect...

like

Incoming multi-tier cringe

Post Photo
likefunny

Any news on layoffs/recession in banking industry?

like

December is typically slow due to EOY/holidays. How to maintain momentum when losing motivation and don’t want to stall until Jan?

like

Hello all, anyone know people who are seeking Azure, AWS, or web design professionals? Always looking to help people in these areas. Thanks in advance ;)

like

Me when i try to recruit team members for a known circus of a project

Post Photo
likefunny

Can you recommend me a contracting agency? For temp work. I am based in NYC and a Product Manager

Looking into roles at ZS. Anyone willing to refer?

like

Hi,

I am evaluating offer from Amazon, Dublin (Ireland).

Position- SDE 2 (interviewed for SDE3 but they offered SDE2)
base- 100k euro
First year bonus- 50k euro
Second year- 36k
This is final after negotiations.
Can someone tell me is it as per the market. I have checked glassdoor and levels.fy and it seems as per market but need to confirm.

Thanks in Advance.

like

I took a job for a company that is remote, but has an office in Westwood so I'm thinking about moving to LA. Where should I consider living? I'm 28, fairly extroverted and active. I'm looking for places that are balanced in activities, bars, concerts and has some nature. Also would love to live in a newer or updated building if possible

like

#1.1 How is return to site plan for NielsenIQ ? #1.2 Future plan on hybrid model - How many days in WFO & WFH per week/month/quarter/6m/year ?

I asked above questions to HR but reply was check with Manager(so doubtful on hybrid model)
#2 NielsenIQ is manager centric ?

like

There's a ton of self help and leadership books out there to help people in their careers. If there was one that was written front the lense of a public accounting, would you read it?

likehelpful
like

Hi EY folks,
I am joining EY GDS as senior.
Do EY GDS do background verification for all my previous employers ?
They have asked me to submit document only for last employment for BGV which first advantage is doing. And offer letter mentions to submit only exp/relieving letter for last 2 employers as applicable while joining.
Little confused as I am have bad experience with one of my employer.

Kindly help me out.

like

Additional Posts in Accounting

An in house recruiter messaged me and I haven’t heard back after I replied...is it okay if I give them a call?

like

Y'all leaving upper deckers in the toilet stalls need re-examine your life. How can it be so tricky to hit a12inch hole while sitting down? Bathroom is out of commission thanks to a serial squatter.

like

Considering obtaining a CFE certification. Can anyone share their experience vs experience obtaining CPA? I’m already a CPA. I just want a comparison of study time requirement and difficulty of exam.

like

Hey KPMG how is life in the FRM advisory? Got a job offer from them

like

Is it possible to transfer from Risk Assurance to Tax as a senior and keep your title? I have my CPA and one year exp in audit and tax

like

Most of the successful people I've seen in my office are single or have no children. It seems like there is a correlation between having kids and not being a high performer. I don't think it's on

likefunnyupliftingsmart

There's a ton of self help and leadership books out there to help people in their careers. If there was one that was written front the lense of a public accounting, would you read it?

likehelpful

Anyone want to sell me their CFE books ?

like

When is your tier rating for the FY18 locked in? Is your tier rating already official?

like

Best tips to manage another person that's on the same level as you, but knows everything about the client and you don't - since you are the new guy.

like

Can you get fired for having low utilization as a senior? My billable hours this busy season have been much lower than my peers.

like

How many of you are receiving requests for feedback from people you hardly worked with this cycle?

like

Anyone find it impossible to move from audit to transaction services without a rating higher than 3?

like

Currently in IT audit, want to get into consulting. Worth it to wait until senior? Biased since I want to get out, but I feel the skills aren’t transferable and don’t want to be pigeonholed into risk

helpfullike

Need some advice here. Senior 2, decent performance but I feel like I’m not progressing to the level that other seniors the same level as me are and pretty sure I’m ready to transition out of public.

like

In person corporate financial analyst interview questions? Suggestions on what to bring?

like

I’ve been in Risk for a year now and would like to transfers to BAP (business advisory) how would you recommend going about this ? What steps can I take to ensure I get transferred? Cont

like

Is there not a "lock aspect ratio default " option in Microsoft word?

like

Happy Pride, all y’all 🌈🐠🐟🌈 out here!

like

Is CMA worth getting after getting the CPA? Or is it better to get the CFA. Also don’t have much finance background so I don’t know if I can pass the CFA will require a lot of hard work. Interesting in hearing people’s thoughts.

I have no plans in leaving PA anytime soon but I figure maybe I should look into another certification that holds value and makes me more marketable compared to my peers. Appreciate any thoughts and advice.

- Also considering going to a t14 MBA in future.

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

Scan your QR code to download
Fishbowl app on your mobile

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