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Subject Expert
Would be impressed if you’ve managed to find something in FDD that’s worse than manually typing in info from invoices, documenting control processes, and tying out numbers
OP - you’re a brand new associate. I’m assuming you do a lot of data entry and super “busy work” type stuff.
Give it some time, or maybe you just really loved audit
Enthusiast
Ya get paid a lot more and FDD contributes to your resume
Mentor
Depends what your career goals are.
Word. On the same boat. Maybe we just don't like accounting.
You honestly think this is worse than testing controls?
Coach
Define worse.
There’s nothing worse than control documentation and walkthroughs. At least the work we do is more creative. I do a lot of ad hoc work, get to do actual number crunching rather than interpret and review someone else’s work like in audit. <- That right there is enough torture.
Coach
People who think FDD is just as bad as audit just don’t like accounting or even finance. Hell even in IB, you need to do reconciliations and heavy accounting based work.
People just want the extra pay. But those extra hours don't seem worth it
Subject Expert
I actually work less than I did in audit. Albiet more unpredictable, but definitely work less.
Anyone think clients are worse to FDD teams? They throw a bunch of stuff at teams and expect you to turn it around yesterday. Sometimes feels thankless.
Subject Expert
No because thats the nature of M&A, you lucky your not seeing what happens to the IB team working on stuff in the middle of the night. They treat their IB analysts like machines.
More challenging and meaningful work, client appreciates you, pay is way better
Client appreciates you more than audit is a very low bar.
If you went to FDD thinking you’d work less, that is probably on you …