Pros
- Once you are done with your first 2 years, you can get a well-paid middle office job at a hedge or PE fund. - You do learn a great deal. From MS applications (Excel especially) and the audit methodology. - Nice office (NYC). - When you got no clients, life is good! NOONE looks for you. You can just sit in the office and chill with the rest of the gang.
Cons
- I was 2nd year audit associate and the new hire was getting 2k in salary more than me! Bear in mind that I was teaching the dude how to check his email on lotus notes. - Very small firm when it comes to gossip. So just watch your back. - promotions based mostly on knowing the right people and having solid friendships with the managers and the seniors. So slack off as much as please, but don't miss out on team hang outs!