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August 12, 2021

Lifting the lid on the Big 4 Corporate Finance Teams – Debt Advisory

Navigating the various teams under the “Corporate Finance” (AKA Deals, Deals Advisory or Transaction Advisory) umbrella within Big 4 Chartered Accounting firms can be challenging.

Knowing what each of these teams can and can’t offer you in terms of your future Corporate Finance career and professional skills development might be the difference between securing your dream job or being overlooked time and time again.

In the sixth of a series of articles focusing on the various “Corporate Finance” teams within a Chartered Accounting firm, Numbers Executive endeavours to explain the pros and cons of working in the “Debt Advisory” line of service (AKA Capital Advisory).

Our insights are based entirely on Numbers Executive’s precedent experiences and we caveat that our views represent common outcomes we have seen. As with everything, there can be outliers..

The Elevator Pitch:

Debt Advisory teams are primarily involved in evaluating their client’s creditworthiness and subsequently supporting them in their efforts to source debt capital.

Think of a debt advisory team as a sophisticated mortgage broker used by the corporate sector. Some examples of work debt advisory teams undertake could include, inter alia:

What’s great about it:

What’s to be conscious of:

Most common future employment outcomes (with only this skillset):

Our advice to Debt Advisory professionals wanting to move into Investment Banking, Corporate Development or Private Equity

Debt Investment teams are an excellent grounding, offering professionals the opportunity to work across a variety of sectors and mandate types. Often you are supporting a significant capital / corporate event hence in a position of great value to your clients (opposed to some teams that may be seen more as a compliance function).

As with other Big 4 teams, the mandates you undertake will often shape your future employability, hence it’s important to take an active role in working on the mandates most likely to support the work you want to do long-term (where possible).

Further studies such as the CFA designation, a Master of Applied Finance or Diploma of Chartered Accounting will demonstrate your technical capability and may also support further development of your valuation skills which are important for roles representing equity (corp dev. / M&A / funds management).

About the author

Nicolas is a Co-Founder and Director of Numbers Executive Recruitment. He has ~20 years of experience spanning Accounting, Corporate Finance and Executive Search & Recruitment.

#mergers #acquisitions #corporatefinance #investmentbanking