Why do deals move at a breakneck pace all the time? I don’t understand the urgency put on this work for every single deal. Is it deliberate to avoid lengthy diligence / lots of questions? All these deadlines are arbitrary

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Couple potential reasons:

- If the seller wants to keep the transaction under wraps from employees, the longer the transaction is outstanding the more risk there is that employees find out and jump ship, etc.

- Transaction work is not value add to the sellers core operations so they want to limit the time their employees have to work on it. Even though they are selling they still need to keep their EBITDA at level

- If the transaction takes too long to close, buyer may request a refresh diligence which just ends up costing more for both parties

- Firms who actually do the diligence (accounting, legal, etc) have an incentive to finish projects ASAP so that they can recognize the revenue ASAP

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Exclusivity from an LOI is not an arbitrary deadline lol. I agree that sometimes expectations are ridiculous, but there are so many different parties outside of your own team working on a deal that you want to try your best not to be the party holding things up.

likefunny

I have news for you - the date set in the LOI is completely arbitrary

Exclusivity period could be as long as they want to negotiate it to be

likesmart

When I buy something, I want it yesterday.

likefunny

Because the people in charge (ie senior execs, etc) are gonna cash tf out. Who cares about working long hours if you know you’re getting a 2m payday after a month or two

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It’s pretty boring. What’s the fun thing we can do in Bangalore for this weekend

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Hi all,

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Hi Fishes,
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This is the compensation details I received in offer letter. Won't they provide the actual salary break up that contains basic pay, other deductions etc?

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Interviewing with a recruiting firm. What is an “normal” base salary? TIA

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If the TSC HR generates offer letter for me , I accept the offer & later in the joining date decide to not join TCS, will I be blacklisted from joining the company again like an ex-TCSr is blocked from joining TCS>?

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I think KPMG has a pretty good training and onboarding process for new FDD hires (Lakehouse bootcamp, reading and training materials for review, and the shadow program). How’s onboarding and training looking like for PwC / EY / Deloitte?

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Hey everyone, I’m looking for some advice with regards to my next career step. Currently in audit and I have opportunities to go for a Valuations role or an FDD role (both big 4). What are the pros and cons of each? (hours and learning opps, not concerned about salary) Not looking to work long term in both and would likely want to transition into an FP&A role in the future. Hoping to jump directly but require modelling experience.

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How long were you a senior in FDD before things started to click? Really enjoying everything so far but feel like I am behind my peers. Been about 7 months now.

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Are other firms slow right now? Majority of our FDD group is unassigned. Not complaining, just curious.

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likefunny

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I see a lot of Jr. Level folks (myself included) in this bowl asking about certain finance exit opps like MM IB and PE etc.

At some point is the comp that much better?

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very Selective jobs( MF PE and BB IBs) kinda blow these numbers out of the water... but for the more attainable exits like MM IB and and corporate development... considering wlb and pay, is the grass much greener?

Thoughts?

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how much harder is banking then valuation?

likefunny

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