Ernst & Young Salary- Transactions Advisory Services

[anba]

Hi,

I'm currently working as an entry level year-3 Analyst at Accenture & earn 61,100 per annum. I have final interview rounds at EY (Transactions Advisory Services) team coming up. I want to make this shift cause financial advisory is more in my area of interest than the work that Accenture does.

I wanted to know how much EY pays for Associate / Snr. Associate levels in TAS. I assume its different to their audit / tax departments since its consulting work and more 'prestigious'.

Thank you

Originally Posted by anba

Hi,

I'm currently working as an entry level year-3 Analyst at Accenture & earn 61,100 per annum. I have final interview rounds at EY (Transactions Advisory Services) team coming up. I want to make this shift cause financial advisory is more in my area of interest than the work that Accenture does.

I wanted to know how much EY pays for Associate / Snr. Associate levels in TAS. I assume its different to their audit / tax departments since its consulting work and more 'prestigious'.

Thank you

You're going to be in for a big surprise....

[anba]

hmm, maybe more detail?

haha TAS prestigious... is this what the interviewer say? LOL

Originally Posted by anba

hmm, maybe more detail?

To be blunt, don't expect to be paid more than your current job.

Lol transactions advisory is not "consulting"

It is financial due diligence for M&A (ie companies being bought and sold)

If investment bankers are like real estate agents, TAS is like the contractor tasked with carrying out minor repair works to bring up the sale value.

[anba]

Good analogy.

[anba]

Compared to audit, its definitely better

Originally Posted by anba

Compared to audit, its definitely better

Not really that much better. Audit year 3 is usually a senior associate drawing ~50-55k base, Transactions Advisory (a.k.a process outsourcing) is either the same or at most 10-15% higher.

I don't know where you are getting this idea that TAS is a prestigious place comparable to management consulting, but that is clearly incorrect and anyone honest who works in a Big 4 before can tell you that.

If your intention is to jump from Accenture to EY hoping for a big pay rise and jack up in CV / social prestige, your gonna be in for a nasty surprise.

[anba]

How about salary in Advisory? The work they do is similar to mgmt consulting stuff that ACN does