Big4 Advisory VS Banking Tech & Ops

woops, posted my reply before reading yours carefully. realized that you meant downturn instead. Yup, agreed. There is risk inherent with banks during financial downturns but in general it's a great time to be a technologist - you can look for any other jobs elsewhere.

The VPs/EDs I talked to all seen their fair share of being fired (and being fired themselves)during 2008 but said that tech people don't have an issue of finding another tech job elsewhere when needed.

recommended to go big 4?

Why dont graduate get both offer then decide?

talk so much now later no offer also no use..

big 4 is relatively easy to get offer.

whereas bank T&O is much harder of course.

Originally Posted by Unregistered

Wow I didn't know bank tech and ops pay so well! Do you provide any specialized skills? I am assuming it's mainly catered to computer science/info systems graduates?

Bank tech is very different from bank ops, but people like to lump them together as back office jobs. Tech usually pays better than ops.

To the guy who say tech can be easily outsourced, it's not true at all. Developers are very hard to outsource, especially if you built the bank's infrastructure. You really think a bank will let go of someone who BUILT their trading and risk management softwares and understand everything about how they work? These software are extremely important to the banks and trillion dollars are traded using these platforms every day.

Bank ops = accounting and processing documents, or maybe some process optimization if you are in the higher-end of ops

Bank tech = building and maintaining banking platforms and infrastructure

Tech people also have the extra freedom where they can quit banking any time to join the tech industry and still get a good salary.

Originally Posted by Unregistered

Why dont graduate get both offer then decide?

talk so much now later no offer also no use..

big 4 is relatively easy to get offer.

whereas bank T&O is much harder of course.

not all big 4 depts are easy to get it

bank t&o may in harder due to competition as well imho

Originally Posted by Unregistered

Hi, you sound like been through this before, may I know what is your background? I often hear that joining big4 advisory is the ticket to moving to real consulting or strategic finance senior management roles in multinationals.

Is this true? Because the offer so far is honestly not attractive and the HR over there keep selling me career prospects in the long term, but I am hearing conflicting information everywhere.

which firm?

Originally Posted by Unregistered

not all big 4 depts are easy to get it

bank t&o may in harder due to competition as well imho

is admission into corporate tax advisory competitive?

Originally Posted by Unregistered

is admission into corporate tax advisory competitive?

i would think so. tax advisory, m&a advisory, transact related. thoughts from anyone else?

Big 4 audit easiest to get in. Advisory harder. Bank MA even harder.

Most technical stuffs are offshored outsourced to cheaper locations or even Big 4, at international banks. The Tech MA programs train grads to become more of a tech generalist these days.

If you prefer technical stuffs, join Big 4.

Originally Posted by Unregistered

Big 4 audit easiest to get in. Advisory harder. Bank MA even harder.

Most technical stuffs are offshored outsourced to cheaper locations or even Big 4, at international banks. The Tech MA programs train grads to become more of a tech generalist these days.

If you prefer technical stuffs, join Big 4.

advisory harder yes but it is different from corp fin advisory which is harder. the "easier" advisory would be IT, risk, internal audit