Big 4 vs. Banks for Finance Graduate?

I am a recent Finance graduate in Canada and am torn between pursuing career in Big 4 on the Deals side or international banks (HSBC, citibank etc.)

I currently have an offer from commercial banking but would like to hear the pros and cons of pursuing the banking path vs. Big 4. Planning to pursue CFA as well. Feel that the dynamic on the Big 4 is much more team oriented than the banks. Thoughts?

 

Hi There, fellow Canadian at a Big 4 as well.

I think something that you should take into consideration is whether or not you want to pursue your CPA (you'll be under the merged CPA program) as well. Realistically, even if you under the deals umbrella, management will want you to do CPA. Would you mind that?

Also the very nature of deals and commercial banking is sort of different, i can't touch on commercial banking, but I know on advisory/ deals side of things at the Big 4 requires some travelling to some remote areas. Seeing that you're from Sauder, I'm guessing you're based in Vancouver which means you just might have to travel up to the territories for work, which may last 3-6 weeks if you're "lucky".

Let me know if you have more questions!

 

Canadian here - if you have the choice between working at a commercial bank (this includes the commercial banking arm of an international bank) VS on deals, I recommend you work on deals because it'll be easier to spin your story later on.

- V
 

Modi ut sit ut quibusdam odit. Vitae ipsa autem ea eos deserunt. Inventore voluptatem qui accusamus excepturi quo sunt maiores et.

Repellat tempora tempore aut atque. Omnis sequi dolore commodi fugiat asperiores ut provident qui. Quia modi quia est illum explicabo harum. Rem quis voluptas in ut aut. Earum esse est saepe quia. Illo inventore temporibus maxime dolor itaque.

Expedita deserunt sunt expedita. Dicta sit ut modi hic repudiandae ducimus.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”