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Nov 2007:30 AM PST
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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
08 Jun 2012, 06:44
Kudos
Bookmarks
Hello, everyone,
I'd like to ask for your opinions on any of the Big 4's (PWC, KPMG, Deloitte, EY) in your country.
I'm actually working in KPMG Advisory Transactions and Restructuring (Mergers and acquisitions, corporate finance, due diligence, valuation, etc.).
Is it true that the consulting/advisory arm of the Big 4 is worlds apart from the audit division?
Is a Big 4 brand a boost in one's resume, especially on business school admission committees?
My boss, who's a Wharton graduate, told me that Big 4 is very well respected abroad (I'm from the Philippines by the way). Is there any hint of truth to what he said or is he just trying to "float my boat?"
Hope you could provide feedback, people.
Looking forward!
I'd like to ask for your opinions on any of the Big 4's (PWC, KPMG, Deloitte, EY) in your country.
I'm actually working in KPMG Advisory Transactions and Restructuring (Mergers and acquisitions, corporate finance, due diligence, valuation, etc.).
Is it true that the consulting/advisory arm of the Big 4 is worlds apart from the audit division?
Is a Big 4 brand a boost in one's resume, especially on business school admission committees?
My boss, who's a Wharton graduate, told me that Big 4 is very well respected abroad (I'm from the Philippines by the way). Is there any hint of truth to what he said or is he just trying to "float my boat?"
Hope you could provide feedback, people.
Looking forward!
08 Jun 2012, 18:43
Kudos
Bookmarks
As with most industries, the big players tend to be well respected brands wherever you are. The way I've always thought of the Big 4 is that they are "Big" professional services firms. Yes, they are most known for auditing, but as you've noted, the consulting/advisory arms also do a lot of business. In my personal experience, people view those two entities quite differently. I did several interviews with Capgemini Consulting which was formerly E&Y's consulting arm as well as with Deloitte's consulting practice. Depending on your perspective, the consulting arms and audit arms will trigger different feelings. Just to provide some more color, Deloitte's consulting practice is ranked by Vault every year in the Consulting category, a category that also includes McKinsey, BCG, Bain, et al: https://www.vault.com/wps/portal/usa/com ... anyId=1380. So, in regards to your second question about the resume boost, it really depends on how well respected that group is within its segment of the professional services industry. Would love to hear more about what you're doing and some example projects over at KPMG. That sounds cool!
10 Jun 2012, 19:27
Kudos
Bookmarks
Thanks for the reply, vandygrad11!
Anyway, I am working on a restructuring engagement right now of one of the biggest conglomerates here in the country. Basically, the chairman emeritus desires to incorporate a holding company that will 'hold' all of his companies. Thing is, he is planning to retire soon and he plans to hand each company (companies range from a bank to an airline company to a consumer goods company) to his sons and daughters. The chairman would want the restructuring to happen not on a cash basis but on a share swap basis.
My previous engagement was a sell-side assist of an acquisition. I worked with a client who wanted to cash-in on his business and plans to sell it to a private equity investor. Basically, what I did was to value the company's share (of course gave a range of possible values) and presented it. The talks are now on-going between the private equity investor and the owner.
These are just examples of the wide range of services that KPMG offers.
However, I think I like investment banking more. When I was in college I had the fortunate opportunity to be an intern in a bulge bracket (JPMorgan). I just thought that investment banking was "sexier" haha hope you could shed some light on this.
All the best,
Dave
Anyway, I am working on a restructuring engagement right now of one of the biggest conglomerates here in the country. Basically, the chairman emeritus desires to incorporate a holding company that will 'hold' all of his companies. Thing is, he is planning to retire soon and he plans to hand each company (companies range from a bank to an airline company to a consumer goods company) to his sons and daughters. The chairman would want the restructuring to happen not on a cash basis but on a share swap basis.
My previous engagement was a sell-side assist of an acquisition. I worked with a client who wanted to cash-in on his business and plans to sell it to a private equity investor. Basically, what I did was to value the company's share (of course gave a range of possible values) and presented it. The talks are now on-going between the private equity investor and the owner.
These are just examples of the wide range of services that KPMG offers.
However, I think I like investment banking more. When I was in college I had the fortunate opportunity to be an intern in a bulge bracket (JPMorgan). I just thought that investment banking was "sexier" haha hope you could shed some light on this.
All the best,
Dave
