Financial Advisory vs. S&O Finance
What is the difference? For example Deloitte has both a Financial Advisory service as well as a Finance division within their S&O group. Is the Finance division within S&O less sought after than the general management consulting practice? What would be the difference in salary of someone working in S&O Finance and someone recruited just for S&O.
To my understanding, the Finance division within S&O deals more with the CFO while general strategy in S&O consulting at Deloitte focuses more on CEO related issues. I assume this affects your exit opportunities. Would someone be able to clarify for me what the difference exit opportunities would be for someone who did 3 years in S&O vs. 3 years in S&O finance?
The reason I ask is that Deloitte recruits for Deloitte S&O at all of the top 20 schools. Deloitte recruits solely for S&O Finance at schools outside of the top 20, like USC and Texas A&M. I found this out using this: http://public.deloitte.com/media/campusmap/index…
In Australia, They were just literally another vertical. Still under the S&O branch, I wasn't in that division but what I gathered was less pure Operations/Strategy work more number crunching work. I think we called it "FP&M" (Financial performance & management, under S&O)
The guys of that sub-team were generally based in Sydney, so I would assume a lot of work with Financial services. Probably even similar to "FS - Consulting" if that helps. E.g. So as you mentioned above, your probably more likely to become a CFO than a CEO at the very top.
Financial Advisory is completely different, but I don't think that's your question. More to do with Restructuring, Corporate Finance, Transactions than "S&O consulting".
Case studies from Aus branch: (I Would try to find similair from the US branch) - all "FPM" work. Which ran under S&O to my knowledge.
https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…
https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…
https://www2.deloitte.com/content/dam/Deloitte/au/Documents/strategy/de…
Would love to know this as well for Deloitte S&O Finance, I am guessing the pay is less? It seems interesting if you like working in the finance portion of companies.
Thanks for the information that is very useful, do you happen to know what two are going away/combining?
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