So, I've received an offer from both PwC Advisory (Deals Strategy) and EYP (Restructuring and Turnaround).
I've interned at PwC before and like the manager there. But EYP offers better compensation and likely more interesting work.
Which should I choose to go to?
You will be doing different work.
I believe the Turnardound and Restructuring to be more challenging and broader function. It will mostly be about finding how to optimize the financial structure of the company (you may want to check if they do operational restructuring as well), and then supporting the negotiations with lenders & investors.
Deals should be mostly about performing financial due dilligence work ("re-doing" the accounts to better reflect the financial situation of the company and pinpointing the key risks).
EY-P is a better brand, but beware that this role is not a strategy role. Basically EY's T&R team was moved under the EY-P brand, which probably has the better value proposition (for customers) whenever work meets the Corporate Finance - Corporate Strategy intersection.
If you mention you did like the manager (i.e., a single one, not the managers). If it is a big office, you should weight on the culture, not on a specific manager. If it is a small office, then a single person will have a lot of impact on your experience.
Finally, did you like doing deals advisory? Or would you rather do something a bit different?
I've worked for EY-P before, so feel free to reach out if you want to further discuss.
Hi there,
We really can't tell you what to do here; Remember that advice is a form of nostalgia. As in, our recommendations are based on our values/priorities.
Figure out what you care about most (money/compensation, type of work, boss/manager, culture, etc) then figure out which of these two matches those prioritized preferences best!
Thank you! I've made my decision and will be going to EY-P (after considering all the things you've mentioned, of course.).
Congrats!
This article has the guidance you are looking for: https://www.preplounge.com/en/how-do-i-know-which-career-is-right-for-me
In summary, choose that option which is a better FIT in terms of your skills/experience, career aspirations, values and risk profile.
All the best choosing.
Thank you! I read the article and it was certainly useful for me in making a decision! :)
Glad to hear that! :)
Hi!
Please note that they are two different jobs! I'd therefore consider which option you like the most.
If you believe that EYP offers more interesting opportunities, I'd go for it.
Congratulations and good luck,
Anto
Yup! I do realise they're 2 different jobs. I do think that the work I'll be doing at EY-P will be more interesting (to me) and liked the culture there better, so I've decided to go there. Thank for you advice!
In such situations go for the better culture and the place that gives you better vibes. No better solution that that. The money and other things will level out in the future.
Further - turnaround is a more specific topic compared to deals strategy. So exit options could be better at PwC.
Thank you! Thought EY-P had a better culture after speaking with them again, so I decided to go there. Exit options aren't really a consideration for me, as I plan to stay in consulting.
good luck!
Interesting that OP would compare DS to TRS even though it is completely different.
I'm curious about which one of the 2 is more likely to lateral to MBB? I would assume it would be DS as the work they do seem more similar to what is done at MBB than TRS, despite EYP's better brand.
Thank you! This was helpful. I talked again with some of the people at EY-P and liked the culture there better. I think work will be more interesting there too (Not to say Deals was not interesting. I enjoyed my time at deals advisory, due diligence was certainly interesting, although we only did market entry assessment.), so I've decided to go to EY-P. The deals strategy team at the office I applied to was really small, 13 people myself included. But I liked most of the people there (didn't really get to interact much with 2 of them). I really liked manager in charge of me as an intern, he was really nice and encouraging. But again, I've decided to go to EY-P because after speaking with several people there including the partners, I found that I liked the culture there more. The partner who was my final round interviewer was really nice too! And she shared a lot about her experiences with me and was really keen to get me on board. Again, thanks for your comprehensive answer! :)
Happy to know I was helpful, and happy for you! Also feel free to reach out at anytime if you just want some tips on how to be successful or to further understand the company.