Transaction Services in Big 4

<p>Wondering what people think about working in the transaction services (m&a or somthing like financial advisory) group in a big 4 firm?</p>

<p>How hard is it to get those jobs? In general will they hire you right out of college or do they want some audit experience first?</p>

<p>As far as the job itself, do they pay basically the same as big 4 audit and tax? What about hours? Travel?</p>

<p>Do they only have that practice in select citys or in almost every office?</p>


<p>I'd love to work in transactional services. Pay's incredibly good, and it's kinda interesting.</p>

<p>They're really hard. Yes.</p>

<p>I don't know. They pay around $100k in ibanking. Hours: think 3 digits. Travel: think 30000 miles per year.</p>

<p>Mostly CorpFin (transactional services) are in New York, Chicago, Boston and LA/SF. But you might be able to find small offices in DC or Philly or something though.</p>

<p>Are you big 4 right now?</p>

<p>They pay 100K for what level? New hires? Seniors?</p>

<p>Do people usually stick around in that devision? Or do they bolt (I guess for MBA if thats an option??) after they make senior like tax/audit???</p>

<p>No, I'm not even in college yet. But I've been on CC long enough to be reliable.</p>

<p>so for the salaries does it seem like 100k for new grads, or with some experience?</p>

<p>The 100k figure includes bonuses. It's like ~$60k salary+~$10k signon bonus+~$30k bonus. The year after that, you can expect salary to go up a bit (maybe by ~$5k) and match salary for bonus. No signon the year after the first.</p>

<p>But then again, that's usually for ibanking analysts at Bulge Bracket (MorganStanley, Merrill Lynch, Goldman Sachs, First Boston, etc)</p>

<p>and you think that the ibankers in the big 4 accounting firms make the same salaries as the guys at the BBs?</p>

<p>What? I never said that.</p>

<p>I thought the OP was referring to BB firms. OK? Sheesh.</p>

<p>so for TS in big 4 --salary?</p>