CFs in Big4 only have the CF advisory license from SC. They do not have the license in dealing with securities or as principal adviser.

In IPO, shares placement (equities dept) makes the most money which then followed by advisory (CF dept). Next is followed by the legal fees for drafting the prospectus (legal firm). Lastly will be the due diligence team/ reporting accountant (Big4).

In M&A, most of the time, foreign IB bankers (from HK and SG) will be hired for their experience and skills. Then followed by local IB for dealings with SC & Bursa. Then followed by legal firm for drafting all the proposals and contracts. Last again is the due diligence (Big4).

For boutique firm, you will stand a higher chance if you find the right one. At least look for those that has QSP in their team or have advised a recent IPO in Main, ACE or at least LEAP.

I think you can look for the CF dept in Big4 also as you will exposed from a – z in origination albeit at much lesser size. Some make it big, I have few friends who managed to convert their Big4 advisory experience to the government linked investment funds.

Hi guys, boutique corporate finance advisory firm and big 4 TS, which is better? In terms of exposure and career growth in corporate finance.

-Out of topic-

I got offered by EY!
I am now wondering where should I rent my room
Damansara Heights or Bandar Utama better?

10k +/-