What should I do? I've never heard of an accounting startup surviving purely on audit. By the 1970's, Peat Marwick had become the largest public accounting firm in the United States, and with increasing public sentiment that the finance industry needing greater accountability, the firm made the unprecedented move to have itself audited by another public accounting firm in Arthur Young & Co. In reply to 808: The merger was named Coopers & Lybrand internationally. If you're going to work long hours for not a lot of money you may as well do it right and go advisory, or better yet banking. Prospective Monkey in Investment Banking - Mergers and Acquisitions">. Currently, I don't know what exactly I wanna do after those big 4 years. Just be warned, before I started learning about HF, PE, ER, and the like, I was feeling good about my post-Big 4 career and salary prospects.
It'd be great if I can get to know more about the possible exit opportunities. Senior roles, you'll have headhunters knocking on your door more if you come from MBB, but if you network smart and actually make relationships, it doesn't really matter what firm you are coming from. jobs. or Want to Sign up with your social account? 11 thoughts to get you started, Suck it up: 8 Steps to Getting through 100+ Hour Weeks as an IB Analyst, Podcast: E142: Everett Cook (Rho Business Banking) - 11/10, Podcast: TE140: Doug Foley The Breakout Blueprint - 11/24, Podcast: E141: Chris Hutchins (Wealthfront) - Automating your financial life - 12/8, Podcast: E143: Eoghan McCabe (Intercom) - Insecurities and ego in business - 12/22, Podcast: E144: Kate Miller (Miss Grass) - Building a cannabis brand - 1/5. What about tax? I have many offers in audit (PwC, Deloitte, KPMG), but I also have EY risk advisory (which I understand to be IT audit?)
I asked this on r/accounting and thought it would be helpful to post here. Def. While accounting services are where the Big 4 cut their teeth, it's now just a small part of what they do.
Hours get to be bad during busy season, and the pay is not good. I guess I'll read up on it like you said. The only corporate strategy recruiters who reached out to me when I was at my firm where from mid-market private equity owned companies. The problem is that in the middle of those two groups there is an enormous amount of people (seniors/managers/etc) who are completely clueless and are just hanging on to their job as long as they possibly can. MCS saw an immediate and massive decrease in revenue for this integrity move, and. Does anyone know how much Big Four Advisory pays? ), Controller/Accounting director (director of financial reporting, director of internal audit, etc. I understand I won't be a fit for everything and my best chance would be to come in as a Senior analyst. And just like with many of the other accounting firms, the creation of a consulting wing resulted in friction within the firm. People move from Big 4 to IB / PE regularly - before anybody has a heart attack, I mean a small number of bright guys - look at some boutique IB / PE firms that have bios and you can get an idea. I definitely need to learn variety of positions and what they really do. Do you think they have the ability to achieve this? I know people who have made the transition from audit to corp finance but not from advisory. Is your MD throwing tens of pitches at you at all times? For example, is it still cold emailing/messaging on linkedin asking for a coffee/phone call to discuss the job, making a relationship, and then pretty much just asking how they can help get you in? I have an ex "consultant" on my team and he's good, but he wouldnt be ready for this role. You are likely qualified for the gig, you just don’t have recruiters pulling you into the job.
New comments cannot be posted and votes cannot be cast, A community for consultants and those interested in consulting, Press J to jump to the feed. In reply to I can confirm from networking by ConsultingChimp111. Advisory / Consulting at the Big 4 appears to be the major growth channel for each of them. In how many years? It may take a little more networking, but it won’t be difficult to get your application considered for almost any role if you put in a bit of work and are good at what you do.
The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. The only reason why should you consider Big 4 over some small shop is job security but again that depends on your personal preference. Great post 808, very helpful from the perspective of a junior year accounting student. I am very interested! Someone who starts in CF (especially in an FDLP) will have more direct, relevant experience. as well as money management. After that Im not sure how hard it is to make the move from valuations to IB.....People tend to grossly underestimate the difficulty of moving from audit to advisory during big 4 training contracts...I imagine a lot of people do the same with the move from valuations to IB.
We're all from the same Big4 firm, working in assurance, and we all seem to be having the same career-crisis: We know we don't want to stay Big4, most of us not even wanting to continue a career in accounting, but all the job postings we see/are qualified for are accounting/finance/etc. You have a head start over me since you do come from a better firm with a stronger alumni base but for most corporate strategy roles, you can get in if you’re smart and done you research on the company. In reply to I did audit. Does anyone by Highway Robbery, WSO depends on everyone being able to pitch in when they know something. Everyone wants to make that happen!). There are a few questions here, so I’ll do my best to break them down and answer each one.