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Big 4 FDD or A&M FDD for coming out of college?
Any word on Deloitte mid year salary increases
Mentor
I think in general people think FDD is the “sexiest” of the 3 to pivot out of pure accounting, AAS is research accounting technical stuff if you want to be a controller or CAO/technical accountant and audit is basically bottom of the barrel. You’ll basically have every exit opp from audit when you’re in advisory but people who want to do FP&A or try and jump to finance trend towards FDD and those who want to stick to accounting but actually add value and be a consultant type role trend towards AAS
Mentor
FDD has everything Audit has + sending a decent amount to IB, Corp dev and a lot to FP&A
FDD is probably not as likely to send people to SEC reporting roles or technical accounting since you’re not dealing with that stuff as much and that’s AAS bread and butter work so they’re going to go for those exits
Ranking is subjective within the tiers below based on your own interests. I think most people would say something along the lines of:
-Strategy
-M&A/restructuring/management consulting
-AAS/FDD/Forensics/valuation
-Audit/tax/risk
The exit ops from FDD are way better than AAS. AAS is heavy technical accounting. FDD people don’t have a very hard time going into banking or front office roles.
I rank them:
AAS
Audit
FDD
Tax
However, I value alphabetical order most.
@PwC 3 idk why you’re including me. I asked about a car lol
There is no ranking bro...like how majors in college has no ranking. It's what you make of it
Mentor
Fdd and Aas are paid the exact same at PwC. Don’t chase some made up clout, do what you’re interested in
Subject Expert
Is all subjective
This is some wallstreetoasis type bs
Wall Street oasis will have you feelin like you’re a piece of human garbage for making less than 400K 2 years out of school
Valuation over all
Echoing K1 and P1. The folks I know left for front office PE.
If your happiness at work depends on your place on the totem pole, I have some bad news.
Coach
Externally, B4 is largely B4..
Depends what you want to exit to. FDD can give you a little more exposure to finance personnel because you work more regularly with them (IB and PE clients as well as corp dev individuals). AAS deals with more technical accounting heavy roles. Both have their pros, but all depends on what you want to do
I personally like AAS over FDD, I like the chiller pace while still learning a lot and not being in audit
Like most said it’s subjective, seems like FDD people really want to exit to finance while I would be okay with an technical accounting exit
I think it’s good you are happy with that. People chasing finance will definitely want FDD. I don’t think a lot of young auditors really understand the difference between the two.
The AAS people do tend to have more normal work hours.
Might not be the best thread to ask but does anyone know much about financial advisory. I keep hearing it from Deloitte and EY, but I can’t seem to find more info about it.
FA is pretty broad. Would be things like capital allocation, margin improvements, etc. At Deloitte, valuation and modeling falls into FA as well.
What hierarchy? Ranking based off of what? It’s not a popularity contest lol they both do pretty diff things