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Does Barclays give Diwali gifts?
I recently got an offer to join Deloitte Consulting LLP as an Analyst in Government and Public Services in the Business Technology Solutions profile, based in their Harrisburg office.
(I also want to mention that I have offers from Accenture & PwC right now, with a good chance of IBM being another one)
The offer was 88k + 12.5k signing bonus.
A friend of mine got the same offer but his offer was 91k + 12.5k signing bonus. Difference is, he’s based in Chicago.
I’m fine with my offer now b
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FDD during an economic downturn?
Anyone willing to refer an A2 in audit?
Coach
how much harder is banking then valuation?
Coach
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probably because we have virtually no say in whether a deal closes or not?
Not sure why QoEs would be contingent. That only hurts fee collections
No because you’re value is limited to providing a QoE. Just imagine some of these scenarios for a contingent fee QoE -
Sell sides:
- you’re fee could be anywhere from 50k-100k on average
- sell side QoEs are done at the very start of a deal, generally prior to any buyer outreach.
- deal could take 6-12+ months to close (you want to wait that long to collect on a 75k databook deliverable????)
- deal may not close due to a wideeeee range of reasons: you risk not collecting your fee because a piece of the land the company is on was flagged during environmental diligence to have been a spill zone 5 years ago? You risk not collecting because the buyer did an industry diligence/outlook survey the week of closing and got cold feet? You risk not collecting because 4 months after you did your QoE the client now has had some down months and buyer pulls out??
Literally who knows what could pop up.
Buy sides -
hate to break it to you, PE firms do not view you as a value add. 1. There was a sell side done and they’re just trying to combat it, or just make sure EBITDA is fine and treat it as a check the box, or 2. They want you to beat up on the little mid market deal who didn’t do a sell side.
PE firms don’t want to pay you contingent fees lol. That negates their very existence - they want to cut costs not pay higher fees lol
That gives us an incentive to make the deal go through rather than provide an unbiased perspective. Clients may like it, but it destroys credibility.
I believe PAs are not allowed to charge contingent fees, a percentage of value. Some rule out there.
Tax isn’t allowed to.