Applying for an Internal TS Position: Insider Tips

Many people who eventually land in Transaction Services get there through an internal transfer — from audit, tax, corporate finance, or advisory. The internal route has real advantages, but it also has pitfalls that external candidates do not face. Here is how to navigate it.

Why Internal Transfers Are Common in TS

TS teams at Big 4 firms and larger advisory houses often prefer internal candidates for junior and mid-level roles. The reasons are straightforward:

• They already know the firm's tools, templates, and culture.
• Their performance is observable — managers can ask around.
• They tend to transition faster than external hires who need firm-specific onboarding.

For the candidate, the firm's internal mobility processes also provide a structured channel — often more accessible than competing for external advertised roles.

Before You Apply

Build Visibility with the TS Team

Do not wait for a vacancy to appear. TS teams at large firms are small enough that informal connections carry weight. Ways to build visibility:

• Volunteer for joint projects or secondments that involve TS work streams.
• Ask for coffee conversations with TS seniors or managers — express genuine interest in their work rather than immediately asking for a role.
• Attend internal training events or seminars that TS professionals organise or present at.

Understand What the Team Actually Does

A common mistake is assuming that because you work at the same firm, you understand what TS looks like day-to-day. In reality, audit and TS operate with different rhythms, deliverables, and client expectations. Before any formal conversation, make sure you can discuss:

• The structure of a financial due diligence report
• What a QoE analysis involves
• The difference between recurring and non-recurring items
• How net debt is defined and calculated in an FDD context

Get Your Own House in Order

Your internal reputation matters. Speak to your current manager early — ideally before you make formal enquiries — to avoid surprises. Many firms require manager sign-off or a minimum tenure before approving transfers. Know the policy.

The Application Process

Internal applications vary by firm, but typically involve:

1. An informal conversation with a TS manager or partner to gauge fit
2. A formal expression of interest submitted through HR
3. A technical interview — often as rigorous as external hiring
4. A sign-off from your current team

Do not assume the technical bar is lower because you are internal. TS managers are hiring for client-facing roles, and they will test you on EBITDA adjustments, working capital, and deal mechanics just as they would an external candidate.

What to Say in the Interview

Frame your experience in terms of relevance to TS:

• Audit? Talk about your experience reviewing management accounts, identifying inconsistencies, and understanding how numbers are constructed.
• FP&A or corporate finance? Highlight your fluency with financial models and your ability to analyse operating performance.
• Tax? Emphasise your understanding of normalisation issues and your exposure to deal structures.

Connect everything back to what TS teams deliver: independent, defensible analysis that helps buyers and sellers make better decisions.

Whether you are coming from audit, tax, or another advisory line, our programme's 8+ case studies and 150+ EBITDA adjustment examples will sharpen your technical edge before the internal TS interview. One payment of €119.99.