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Internal audit to infrastructure advisory?

 
#1 Internal audit to infrastructure advisory?
30/11/2012 13:58

newb123

Due to the vast amount of experience and knowledge on this forum I wanted advice on my situation below.

I have currently worked for 1 year as a graduate at one of the big 4 inside internal audit, risk and control services (advisory). I was recently put on an engagement inside corporate finance (infrastructure advisory) and was told by the director that they would be more than happy to take me on permanently.

Pros:

- Work is more interesting

- More responsibility

- Apparently higher salaries

Cons:

- Working hours (constantly working 10-13 hour days and weekends in Corporate Finance) compared to 8 hour days in internal audit

- Work life balance gets unbalanced

I would really love some opinions and advice around remuneration and exit opportunities for infrastructure advisory.

Cheers,

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#2 RE: Internal audit to infrastructure advisory?
03/12/2012 08:47

marsday to newb123 (#1)

newb123 you need to think through your priorities - not just now but for the next 5 years and beyond. Nothing wrong with assurance work like you are doing now, as you say the hours are stable, nothing too demanding, and corporate finance will be a big culture shock. If you want a stable, comfortable like without too many demands being made on you a career in assurance will suit very well - and of course you may have opportunities to move across into regulatory or risk management work in due course. With Operational Risk increasingly the focus of bank attention, this will in time be a lucrative and interesting career path.

Corporate Finance at least down the pub is far more glamourous. Fast progression if you are good, but very prone to peaks and troughs in the market itself, the hours can be brutal, but salaries will quickly outpace what you can achieve in controls. And you future in corp finance will almost certainly lie outside the Big 4 after you get a couple of years experience under your belt. A move into PE, restructuring houses, or banks wouldnt be out of the question. But you will make sacrifices.

Tough call - both appealing in their own ways.

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#3 RE: Internal audit to infrastructure advisory?
04/08/2013 12:36

newb123 to marsday (#2)

Thanks marsday for your advice so far. I just have 3 questions.

1. Would you recommend doing the accounting qualification?

2. You mentioned that progression is fast if you are good. Any further details on what you mean specifically by good?

3. You mentioned exit opportunities in PE, banks, restructuring houses. I have tried doing my own research but can find no details on what roles are available upon leaving. What specific roles are there?

Thanks for your advice so far.

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