stockjaguar

Oh and BTW, another distinction: the valuation guys doing fairness opinions are not the same type of guys as the ones doing valuation as part of the M&A team. Yet, they were both in “Corporate finance” at my former Big4.
So all in all in my experience I would say:
Deal guys  fairness opinion guys  Due diligence guys.
But again, the point is that you’ll get 5 different stories if you talk to 5 Big4 guys.
Lastly, I remember reading something interesting and revealing in an IB job description of a couple of years ago. It went in the lines of: “Required work experience : 2-3 years in Investment Banking, Private Equity or Big4 Corporate Finance (No Transaction Services !)”.