1 answer
1
Question
Asked
482 views
For those in audit, what business unit should I select - core Audit, Banking & Capital Markets (B&CM) or Asset Wealth Management (AWM)?
+ What should I consider when making this decision?
This is specfically for PwC but anyone with knowledge please do respond, thank you.
Login to comment
1 answer
Updated
ANTARU’s Answer
Greetings,
Choosing a Business Unit in Audit at PwC
When deciding between Core Audit, Banking & Capital Markets (B&CM), and Asset Wealth Management (AWM) at PwC, it's essential to consider several factors that align with your career goals and interests.
1. Career Interests and Goals: Reflect on what excites you most about auditing. If you have a strong interest in financial services, B&CM might be appealing as it focuses on the banking sector and capital markets, which are dynamic and complex. On the other hand, if you are more inclined towards investment strategies and wealth management, AWM could be a better fit, as it involves working with institutions and individuals on their investment needs and financial planning.
2. Skill Development: Consider the skills you want to develop. Core Audit provides a broad foundation in auditing practices, which can be beneficial if you are looking to build a versatile skill set. In contrast, B&CM and AWM offer specialized knowledge that can enhance your expertise in specific areas of finance, potentially making you more competitive in those sectors.
3. Market Demand and Opportunities: Research the current market trends and demand for auditors in each area. The financial services sector, particularly B&CM, often experiences fluctuations based on economic conditions, while AWM may offer more stability due to the ongoing need for wealth management services. Understanding the job market can help you make a more informed decision about where you might find better opportunities for post-graduation.
4. Work Environment and Culture: Each business unit may have a different work culture and environment. Core Audit might provide a more traditional audit experience, while B&CM and AWM could involve more client-facing roles and dynamic interactions. Think about the type of work environment where you would thrive.
5. Long-Term Career Path: Consider how each option aligns with your long-term career aspirations. If you see yourself moving into a specific niche within finance, such as investment banking or wealth management, choosing B&CM or AWM could provide a clearer pathway. Conversely, starting with Core Audit might offer a broader range of experiences that could be beneficial in the long run.
In think you should weigh your interests, desired skill development, market opportunities, work culture and long-term career goals when making your decision. Each unit has its unique advantages, and the best choice will depend on where you see yourself thriving in the future.
Choosing a Business Unit in Audit at PwC
When deciding between Core Audit, Banking & Capital Markets (B&CM), and Asset Wealth Management (AWM) at PwC, it's essential to consider several factors that align with your career goals and interests.
1. Career Interests and Goals: Reflect on what excites you most about auditing. If you have a strong interest in financial services, B&CM might be appealing as it focuses on the banking sector and capital markets, which are dynamic and complex. On the other hand, if you are more inclined towards investment strategies and wealth management, AWM could be a better fit, as it involves working with institutions and individuals on their investment needs and financial planning.
2. Skill Development: Consider the skills you want to develop. Core Audit provides a broad foundation in auditing practices, which can be beneficial if you are looking to build a versatile skill set. In contrast, B&CM and AWM offer specialized knowledge that can enhance your expertise in specific areas of finance, potentially making you more competitive in those sectors.
3. Market Demand and Opportunities: Research the current market trends and demand for auditors in each area. The financial services sector, particularly B&CM, often experiences fluctuations based on economic conditions, while AWM may offer more stability due to the ongoing need for wealth management services. Understanding the job market can help you make a more informed decision about where you might find better opportunities for post-graduation.
4. Work Environment and Culture: Each business unit may have a different work culture and environment. Core Audit might provide a more traditional audit experience, while B&CM and AWM could involve more client-facing roles and dynamic interactions. Think about the type of work environment where you would thrive.
5. Long-Term Career Path: Consider how each option aligns with your long-term career aspirations. If you see yourself moving into a specific niche within finance, such as investment banking or wealth management, choosing B&CM or AWM could provide a clearer pathway. Conversely, starting with Core Audit might offer a broader range of experiences that could be beneficial in the long run.
In think you should weigh your interests, desired skill development, market opportunities, work culture and long-term career goals when making your decision. Each unit has its unique advantages, and the best choice will depend on where you see yourself thriving in the future.