Switching from Internal Audit to Investment Banking? Brave move, my friend! Remember, "Darr ke aage jeet hai". High risk, high reward. Go for it!

Software Engineer

@Thehero can I DM you, I have a kind of relatable doubt, and would appreciate it if you give me a few minutes to chat.

Hey guys, I thought of shifting from Internal Audit to Investment Banking, currently am working in Deloitte in Internal Audit Domain as Senior Risk Analyst.  Reasons for Change in Carrer Path 1. Am...

Hey guys,
I thought of shifting from Internal Audit to Investment Banking, currently am working in Deloitte in Internal Audit Domain as Senior Risk Analyst.

Reasons for Change in Carrer Path
1. Am seeing life of my seniors who are in the highest position, they have traveling all the time there is no way of personal time for those floks
2. Am aslo a recently qualified CMA and I don't think the future is bright for CMA's in Internal Audit.
3. Mostly importantly what am getting in this job is very less salary
4. Even now am very far fron Family and only god knows about my future if am still in Internal Audit.
5. Main problem is I have seen people (Client's employees) who are CA qualified with experience in Internal Audit are spending their most of the time in Vouching.

Why I want to go to IB?
1. Pay is way more greater
2. No need to do all the repeated work
3. No particular certification / Profesional degree is compulsory
4. No need to travel more.


This are my reasons could you guys please help out with your opinions. It would be so helpful.

Internal Audit			to Investment Banking

Internal Audit

Internal Audit			to Investment Banking- Grapevine

Welcome to Business Roles's Private Community

Hi,

Any internal or ex-internal auditors here ? Good day y'all. If I may ask, How was your career trajectory? How much are you earning now after your experience?

If you have moved or planning to move to any different domain, what is your rationale behind it ?

Sorry in advance, if my questions are seeming more like an audit enquiry😅😅

Career growth advice - Internal Auditors

Business Associate

Hi!

I have a professional dilemma and would appreciate any thoughts, advice and experience you can share.

I have a 5+ years in strategy consulting working for a Big4 - I like my work, team and the organisation 

Though, now I crave for some different experience - maybe work for startup’s or a VC firm

I have been offered a job in a boutique investment bank - which works with startup’s in India

My questions:
1. Is it worth switching for a Big4 to a Boutique Investment Bank - will it effect my further employability
2. Does this get me closer to my goal of working for a VC fund someday?
3. What salary hike should I ideally expect 

Thank you in advance for all the help!

Career Move | Management Consulting Vs Investment Banking

Strategy Consulting

Qualified CA, Working as an Audit Senior Asst. at Deloitte USI since 1 year. Planning for a job switch. Please advise for a new role or growth opportunities in the same domain.

JOB SWITCH PLAN ADVISORY

Chartered Accountant

Hi all. I am in a slight dilemma if I should move to an industry or move to a similar department in an audit firm/Big 4 as such.  What would be your opinion?

Future in Big 4 for internal audit

Consultant

Hi guys, 

I've been working since the last 1.5 years as a customer service & operations analyst ( similar to process analyst/ operations analyst etc. ) in Retail Banking Ops and would like to upskill and switch to better roles ( where productivity and performance is not quantitative but qualitative as well).

My target roles/job profiles are those where BAU is not confined strictly to copy paste tasks but stimulates intellect. 

Would appreciate suggestions/certifications / courses which will make my resume strong { strong enough to apply in mid-career roles in investment banks( for example JP Morgan), AMCs (BlackRock), audit firms (KPMG), financial services ( AmEx), banks with GCCs in India ( NAB ) } 

Thanks in advance.

Career in Banking/ Audit / Financial Services

Business Operations

Welcome to Personal Finance's Private Community

Which is a better option to increase salary/package ?

 switching roles in between different sectors like banking,audit,financial markets.

Or

To build a career in a specific area/sector.

Need advice from experienced folks

External Audit

I am currently working as a Senior Auditor in a Big4 with 5 years experience in statutory audit.
I am not a CA, so either I have to complete CPA to become a manager else I have to be in the same designation.
I am looking for an option to switch job.
Any suggestions what role could I be exploring?

Job Options

Need career advice from experienced folks

Hello I am a chartered accountant and working in the field of internal audits. I had joined a company after my 3 years of post qualification experience and 3 years of pre qualification experience into internal audits. During interview we were promised to work for USA cpa firm but now they want all of us to move to internal opportunity which is not related to my profile. I have been giving interviews but not getting a good raise so how to ask for raise ?

How to ask for hike when you are leaving your previous company in 9 months due to not good job profile

i am working as an Implementation consultant (payroll domain) in one of the MNC. i would like to switch my career as BA or Consultant. My education Qualification is BE CSE, MBA and my current CTC is 6.3L with 1.5 year experience.

Now coming to my query.

1. Which path can i choose, is it a consultant or BA ?
2. If i switch, How much can my salary expectation ?
3. or else any other suggestions for me ?

Need a clarification on my career path

Business Analyst

Need suggestion: Currently my CCTC is 20.6 fixed in Deloitte USI.Got an offer from IBM for 29 lacs fixed.But the only constriant is its on client location .Is it worth considering and leave deloitte?

Hi Team, 

I am currently working in IT and was working in the BFSI sector. With time I have developed interest in Finance. 
Need suggestions on how to switch from IT to Finance. 

Any one who has experienced the same process please comment.

Should continue in IT or switch to Finance

Software Developer

While over the years, I was chasing Investment Banking and Consulting roles, realised how underrated AM is as a profession.

Surely not as lucrative as IBD in terms of pay and prestige, but it is a sweet career path. The anxiety due to working into consulting became unbearable after a certain point and I realised that it's good, the growth is nice with decent pay but I don't think I can handle the stress of clocking 60+ hours a week and it's better to leave than being completely burned out.

In AM, I make much more than I used to make in consulting. I barely work 40-42 hours a week compared to 60+ in my consulting days with much more job stability and a better work environment. It's not all roses. There are days when there is a bit of pressure but these days are far and few in between and are much less brutal. I have enough time now to do whatever I want. Gym in the morning. Office at 10 and a game of tennis is the evening after work. Not to mention, I have enough time to spend with family.

I talk to my friends working in IBD on a daily basis and frequent rants about poor quality of life is now a part of our daily conversations.

I finally reached at a point when I realised that I should stop running after higher pay and start considering other aspects of life. Not saying that one should stop chasing money, but just the compensation should not be the only factor. All that money is of no use when you don't have the time to spend it with the same set of people you are earning this money for.

Left my Consulting job and moved to Asset Management. One of the best career decisions I have made.

Any IB folks here ? Am from a tier 1 college, JEE <400, Mathematics undergrad 

Most of my seniors are into SDE/ML/Quant 

I have a decent amount of knowledge in financial modelling , and a good grasp of Python, and SQL 

Okayish on PowerPoint

Did a research internship on options pricing

How do I break into IB ? I will be eligible to take CFA in August 2025, before that I am looking for an internship to boost my skills

Investment Banking

Welcome to Indian Startups's Private Community

I've been working with a private bank for the last 4 years in corporate banking. Tired with the hierarchy and operations/admin work. I did an MBA from IIT and B tech from NIT.
 
I would like to change the industry and profile. I know switching between the two would be tough but possible, but I can't work in banks anymore.
 
I am exploring career options now, to put it bluntly. I've been seeing a lot of cross-border remittance and lending startups, but considering the present situation, I don't want to risk joining an early startup.

In an ideal scenario, I would like to move to a data analyst position in an MNC. Open for suggestions

Bank to early stage startup - good move?

Project Manager

Hi everyone, would appreciate some suggestion/guidance. 

I, 29F, am a chartered accountant. In the first 3.5 years of my career I worked in a small CA firm where I could get exposure of small clients in all areas like tax, audit and other compliances. 

Later, I switched to a company in transfer pricing field and have been working here for 2.5 years. 

After having worked here, I realize I wish to mak my career in corporate tax and not in transfer pricing. But this would bring about a cut in designation and pay, not sure to what extent. 

Any suggestions on how I can make this transition easier without significant cut of pay?

Confused on career path

Account Executive

Specifically a question to all the t1 tech clg grads (mainly software engineers) earning 1l+ pm out of clg with a lot of scope for growth. Post mba avg salary is 1.5l per month. 

I can understand ppl desperate for a career change and non tech ppl who are underpaid and don't really have ab option but it baffles me why well paid folks would shell out 30lakhs kr take the burden of loan just to learn how to appear smarter than you actually are instead of investing it for a meagre salary increase that can be achieved by job switches.

I'd love to  hear any insights about ppl who've already been in the space. Why u did, salary PRE post sector etc

Why the heck do people do an MBA?

I can share, I was working abroad post my T1 engineering. So you can imagine it must be > 1L.  
  
 Like all those confused 20+ engineers, I asked one of my skip levels that how should one plan the career path. He gave me a simple framework, “Look at your boss or bosses boss. If you are ok living that life, you’re on the right path else time to think more”.  
  
 I got my answers, maybe try finding yours rather than seeking majority “votes” :)

Internal Audit to Investment Banking

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Left my Consulting job and moved to Asset Management. One of the best career decisions I have made.

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