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Does Deloitte cover your whole gym membership?
I am doing a poll of sorts. I got an offer from Deloitte as a Tax Consultant II in their Hedge Fund Group and an offer from PwC as an Experienced Associate in their Asset Wealth Management Group. Which one would you choose? Comps are very similar, PwC is just offering a little bit more but nothing too crazy. PwC Deloitte
TRACK is hard to use!!! It is so messy.
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Accounting is typically going to focus on financial statment close, technical accounting/research, and internal controls. FP&A typically focuses on budgeting, forecasting, and management reporting.
A lot of companies lump everything into finance though, so you can see operational bill to cash, ap, treasury, etc. roles also.
OP, salaries tend to be higher in FP&A, but how much more is going to depend on the company.
K1, it's harder to transition from tax than from audit. You need to make an argument that you've developed enough skills to be able to grow into the role. From PA, the easiest way to do that is to focus on project management, supervisory, and process improvement skills since you haven't worked directly in the functional accounting/finance processes or systems.
Accounting is a compliance role focused on journal entries, reporting, SOX/controls, accounting standards, etc.
FP&A does budgets, forecasts, and operational/strategic analysis.
The latter is more of a value add and the business actually cares about the results of your work, whereas the former is more of a "check the box" role. Sometimes you'll see hybrid roles where people do a bit of both.
At the end of the day, accounting is the language of business, so understanding the accounting can help you make the switch to FP&A. I've seen it a couple times in my company.
I have not worked on the accounting side but it honestly seems very boring and thankless. Like not to the point of being in IA, but a similar vibe. FP&A can be tough if the data you're working with sucks or if there are fire drills. Sometimes executives want an analysis ASAP so they can make high level decisions. It is rewarding but challenging to turn those ad-hoc things around quickly.
Agreed. I worked in b4 audit, and the wlb has been tons better in industry. I know I dodged some bullets in interviews where the hours would have been horrible though, so ask lots of questions.
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