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how much harder is banking then valuation?
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Hi All,
Looking to make the move from working in industry to big4 and was curious as to what level and pay I might be worth?
I have 10 years experience out of uni, as well as completed CPA and MBA. I have a experience in managing entire finance function of small/medium entities, but most notably solid corporate finance experience/strategy leading refinance exercises, debt raising, hedging/treasury strategy etc…Would be looking for something in deal advisory / M&A / CFO advisory etc….thanks Deloitte EY PwC @
Those who tuned into KPMG town hall, thoughts?
Repeat after me - Market Adjustment

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Bigger market, bigger clients - also we get things like Medicare, super, longer annual leave, sick leave, parental leave etc which isn’t mandatory in the US
They have far less staff, charge far more than big 4 and less overheads - in turn bigger profit margins and better salaries.
The only potential downside is that it’s harder to get into and you can be cut far quicker if needed. Big 4 ultimately have a bunch of ‘meat and potato’ flavoured engagements with gov etc that keen bringing in a healthy stream of work at lower rates.
Way more spots at B4 compared to smaller but higher paying shops for one
Same in NZ. B4 pay around 10 to 15k less than smaller firms but the name on your CV can get you places
The interview process to get an offer is brutal at Oliver Wyman (grad and experienced hire), and they can afford to pay better as they take relatively higher.
In return, their skill set tends to be more developed, will be deployed to more complex projects with smaller teams that have been sold out for high amounts, and work longer hours. The better question would be if the boutiques pay better per hour worked.
Different market, the US is much bigger
Oh okay, that explains it then, I'm not too familiar with the US market.
They are known brands. Great for long-term career prospects as long as the firm avoids a PwC scandal…