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What the exit opps for Big 4 Turnaround and Restructuring?

5 replies

randomguy2023 · 04/06/2023 13:22

Going to start in Sep this year. Turnaround and Restructuring, Big 4
What are my exit opps-- distressed funds etc.?
And are there any other resources I can use to find out?
At what point should I think of leaving? After I qualify and complete my ACA?

OP posts:
AnOKYearForTheRoses · 04/06/2023 16:42

Most people have a strategy to stay and progress ahead of starting a job.

If it’s the Grad programme, the wheat will be sorted from the chaff quickly enough.

randomguy2023 · 04/06/2023 17:06

AnOKYearForTheRoses · 04/06/2023 16:42

Most people have a strategy to stay and progress ahead of starting a job.

If it’s the Grad programme, the wheat will be sorted from the chaff quickly enough.

Most people use the Big 4 to springboard into other careers

OP posts:
edwinbear · 04/06/2023 17:11

Why don't you see if you like it first? Or whether you're actually any good at it......

randomguy2023 · 05/06/2023 15:57

That's what exit opps are for...if i don't like it, i have something lined up already

OP posts:
Fuckthebucket · 05/06/2023 16:39

Assuming it’s a grad scheme/apprentice position..

  1. Study, revise and pass your exams. This should be fairly obvious, but it sometimes comes as a surprise.
  2. While you’re working, take as many opportunities you can to learn - what parts of the business you enjoy, find out what you’re good at, the bits you’re not. Do the cycles of experience with an open mind. Don’t assume you’re above/better than something or someone else’s role.
  3. Use that knowledge and experience to form your exit plan.

Wide variety of opportunities if you want to leave post-qualification. You can work your way up in that part of the business. Or many people have moved into other parts of the Big4 (tax, M&A, consulting), others are in FD, or turnaround director roles. I have former colleagues at other Big4, smaller boutique firms, PE houses, traditional lenders and investment banks.

The nature of that world requires agility, speed, critical thinking, stakeholder management and all of those skills are highly transferable into different situations.

But, if you are about to start something and already planning your exit, you’re getting way ahead of yourself and will come across as a proper dickhead.

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