PwC Due Diligence vs Chinese Bank Special Assets
Hi guys,
I would like to seek some advise from others.
I am working Big 4 Restructuring team as Senior 3 Accountant, next lv would be manager.
I would like to transform into M&A banker. On my hand, currently I have received 2 offers.
- Pwc Due Diligence - help buyside / sell side client perform financial due diligence, same grade;
- Chinese Bank Special Assets under Risk - corporate with RM to perform assets recovery or loan restructuring, AM grade.
In order to achieve my goal, get into the bank field, then perform internal transfer or get into the due diligence role, to wait for FO opening?
Thank you
I've seen people make the jump from Big 4 roles to IB analyst roles. These jumps usually occur at the junior level and becomes less frequent as you advance. Only the PWC role is IB adjacent and I would choose that hands down. The problem with the risk role is that risk knowledge is rarely transferable (unless you're in restructuring but thats marginal) and chinese banks are not highly regarded for many reasons. I was in a risk role prior and made the jump through an MBA, so take this with a grain of salt.
Although these roles will help build your skillset they unfortunately won't help you transfer to FO. If you've reached manager level you realistically need a reset.
Go get an MBA or keep auditing bro.
LT OUT
Thank for your advice.
I have the same thoughts too. Therefore, it is quite brother some to me.
But these days, i wonder having MBA would be good to invest or professional qualifications (e.g. CFA, FRM, etc) would be better?
DELETED
Thank you for your advice.
I noticed that the role will involve in restructuring listed co cases, due to my job nature....
I don’t think my post adds too much value to discussion here, but I personally have made the jump from DD at Big Four to an EB.
Quite a few EB’s were asking me to interview after 18 months, and DD isn’t too much of a grind (although pay and bonuses are absolutely shit).
Hi there,
But many I know what grade you have moved to EB at that time?
Thank you.
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