Expand Menu Close Menu
August 02, 2018

Lifting the lid on the big 4 corporate finance teams – valuations

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 third 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 “Valuations” line of service (AKA “Valuation Advisory” or in some teams “Valuation and Business Modelling”).

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:

Put simply, a Valuations team provides its clients with technically sound (and often relied upon) advice pertaining to the valuation of both its existing and potential assets and / or liabilities.

Whilst specific services vary across teams the majority of revenues these teams derive will originate from:

What’s great about it:

What to be conscious of:

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

Our advice to Valuations professionals wanting to move into a Corporate Finance or M&A environment

Valuations teams offer you an excellent platform to develop technically strong valuation skills and a high level client coverage mentality. The financial analysis and general outcome delivered by the team can be quite narrow for those who do not want make valuations their life-long vocation.

Pairing your strong technical valuation experience to a sister Big 4 team such as M&A, Financial Modelling or Debt Advisory would be beneficial in developing you into a well-rounded corporate finance professional with a variety of future employment options.

Whilst we would always promote further studies such as the CFA designation or a Master of Applied Finance, it would be likely that your valuation experience would provide much of the useful theoretical knowledge required that other teams may not provide the exposure to.

Short courses such as Wall Street Prep or Training the Street could assist in providing exposure the broader financial analysis.