Big 4 to industry reddit At big 4 I get to work with experts in a range of fields to solve the clients problem At big law I was just When you say Big 4 M&A, I'm assuming you mean the IB division and not FDD. Big 4 to industry: What tips can I give? My SO (Special Other) is about to start a job in Big4 in audit next year, but Big 4 audit is an easy path to a stable income (100k+) in accounting via an established, if often brutal, process. I personally had opportunities to work for several prestigious nonprofits including very well known media companies and hospitals, in Target Schools, Big 4, and the AICPA have to be the most effective triangle scheme in the history of white collar work. Hey everyone! Starting as an audit associate for a Big4 in September. The plan is to grind 3-4 years doing 12 hour days at 60k a year to get hired as an accounting manager in the industry for 120k? Cool, an entry level tech sales job Tax analyst for large companies and make big dollars. can keep you slammed even in industry. Get the Reddit app Scan this QR code to download the app now. Members Online At least KPMG is in top 4 View community ranking In the Top 1% of largest communities on Reddit. Also most of the lower level staff positions in industry are being offshored to service I’m hearing big 4 is the best for jumping to industry but all I see is people miserable while working there and have a terrible wlb. COE - not really an “industry”, it’s a sub-section of the external assurance practice Big 4 is worth the name recognition. . Got my cpa during my internship at a mid size firm in MCOL. Or check it out in the app stores and I recently gave my 2 weeks notice to my Big 4 Audit job for an Senior Financial Analyst The caution with Fortune 500 company titles is their structure is very different from Big 4 firms. The value proposition for big 4 employees has significantly suffered especially since covid and people Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Big 4 opens so many doors and carries a lot of weight on a resume. Stayed for 1 year at $53k and went to industry f500 at $70k, worked less and got to do I spent 15 years at Big 4 tax then for 3 years I worked at another big 4 but that didn’t work out there - PPMD carrot no longer worked on me, left for the mid tier now with 20% increase in salary, in 2 years I got 45% raise for myself. So if you have the View community ranking In the Top 5% of largest communities on Reddit. Or check it out in the app stores It you're going to leave your Big 4 gig, either go private or do it when you're higher up the The biggest factor with big 4 is large clients and therefore lots of opportunities for economies of scale, in that they can afford to develop technology and templates in order to be efficient with Get the Reddit app Scan this QR code to download the app now. Split between two different B4 My big 4 experience has This is my first time posting in this reddit, and I need some advice, essentially I’ve received two offers one from a Big 4 to join their Audit service line and another from Industry in their Here is my experience. Actually part of the Welcome to r/private_equity! This is a sub for general discussion, news, analysis and career advice relating to one of the least understood, but increasingly important asset classes: Private Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores     TOPICS Whatever the primary industry is in your area for example LA is I was an auditor in Big 4 decades ago freshly out from uni & stayed for 2+ years. I’ve learned more at other jobs, but for whatever reason, people think that you having gone Big 4 is impressive. Is big 4 audit really worth the experience and opportunity that may arise from all those cons of working there Big 4 is a good long term stable career if you want it. Point is this, leave when you have a great skill set and know that your next move (most likely industry) the learning curve isn’t as steep as B4. Or check it out in the app stores     TOPICS I joined big 4 through a tech angle with an intent to broaden and be Get the Reddit app Scan this QR code to download the app now. There are times senior accountant roles will be looking for someone with CPA regardless of tax or audit as long as they have the industry experience. I def do complain and the majority of us will be turning 1 thing is think about the industry for job security . I have friends who made manager this year and they are telling me what it is. $100K to $120K) to see if The experience you get, which is a part of the long hours, and skills you hone (client relations, problem solving, working in a team), in Big 4 public accounting would take you twice as long in Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Resume Hi everyone! I just recently got promoted to senior at a big four accounting firm and I have started to think about my move to industry. I left to go industry I’m making same pay as them but Name recognition isnt a huge concern imo, in the sense that someone hiring from public accounting should be familiar with the national firms like BDO and GT, but big 4 experience is r/AusHENRY is an Australian counterpart to r/HENRYfinance, aligned with the Financial Independence Retire Early (FIRE) movement. And by and large, those opps really exist (in no small part because Also due to the churn & burn strategy of big 4 audit, there are tons of hiring managers now that are ex-big 4 and know exactly how much bullshit big 4 audit is. You have many learning resources (which View community ranking In the Top 1% of largest communities on Reddit. Some controller jobs. Thus, having Big 4 on your resume That shouldn’t be hard at all, especially if your big 4 office has tech clients. The Big 4 are not meritocracies, and the rest of the labor market is understanding that more and more. Leaving for “industry” is one of the questions I get a lot. But yes employers lie. I was a high performer (rated tier 1) and had similar concerns but was burnt out from PA and went for Get the Reddit app Scan this QR code to download the app now. So, you might exit to be an analyst of fixed Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. But after a But I do know lots of very busy industry accountants - the bigger the org, or higher up the role, or if there is a transaction going on etc. Some industries have regulatory requirements for IA so then you are a bit more security if the company does poorly etc. it’s monotonous. You work more hours in B4 than industry and After deciding that consulting and Big 4 life isn’t for me, I’ve accepted a new job offer. Valuation isn't that hard (literally Ivy League grads teach themselves Get the Reddit app Scan this QR code to download the app now. so yeah you Pick the industry that you could see yourself working in long-term if you want to exit, it’s an easier transition when you audited the industry and have applicable knowledge to benchmark Like you I came from Big 4 in tax, and went to a manager position in industry. How does the big 4 compare to firms in the top 5-20? Since I have no desire to become partner, and would like to set myself up for a nice career in industry at some point, I’m heavily considering these two options: 1) Pre-IPO It's very possible to move up the ladder at a BIG4 firm if you work hard and put in the long hours. Members Online At least KPMG is in top 4 Auditors will talk about getting a minimum 20% raise when they jump from Big 4 to industry, but you literally would have had that from the start if you went direct into industry. The only people that keep the facade of Big 4 prestige going are ex Big 4. My understanding (family friend parents at Big 4 in advisory) is that while technical skills are valued earlier in the career progression, to make partner you have to be good at sales (you still have to have the Moving from Big 4 > Industry . But my experience paid off!! First Unless you're going from say a Transfer Pricing big 4 to a TP analyst role in industry. This is why u need to have a “fuck you” fund. People come and leave. Reply reply This is the best career I had no interest in big 4 out of college. Financial Services I was hoping someone could provide an explanation of the various industries available at Big 4 Audit and their exit opportunities. the partners and managers were Client management and technical accounting for industry disrupters are the bigger focal points (think clients like SpaceX, small bio-techs, legalzooms). I know a common pathway a lot of accountants take is Big 4 to industry. I started off working in industry for a couple of years and am currently working at a small cpa firm (~20 people) for about 1. Enjoy your life while still working hard and you’ll find yourself at one of the big 4. big 4, people are more professional, However, like many other industries, the COVID-19 pandemic has had an impact on the hiring process of the big 4, causing some changes and adjustments, it's important to note that this P&C, especially in the current environment, is more susceptible to shocks from natural disasters while life insurance is more susceptible to shocks from markets e. Almost all major industry employers look for big 4 experience. Ideally in B4 you should have the ability to work on clients across multiple I had 7 years experience in industry and got into consulting last year. If they're constantly doing acquisitions, pivoting to new businesses, or The skills you learn as an auditor transfer to a large number of roles in the financial services industry. tax. Or check it out in the app stores     TOPICS Even if you get fired, there is a world of opportunity inside and i hate industry. Some switched internally to different groups. I have been filtered out from so many opportunities just because firm name is not there. During my time, I had the opportunity to audit different industries & found the What's everyone's opinion on going into Tech Consulting at big 4 compared to starting out in industry? I've done 2 6 month internships as a software/cloud developer and I realized I want Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. In industry, you don’t get yearly compounding raises. Big 4 senior / manager + However, the starting salary is £43,000 in London whereas my big 4 offer is for Audit at a £22,000 starting salary regionally. Long hours, bad bosses, sub-par raises, the whole package. I’ve been researching why and it seems like you progress faster through big 4 and jump ship after Get the Reddit app Scan this QR code to download the app now. Reply reply See now I don’t know your situation. From my experience dealing with big four alumnus and family members, big four work style brainwashes all their employees to be workaholics, accepting for overworking -forgetting their employees having life outside work, not I’m not being a dick you’re just saying offensive things and I’m holding you accountable. you are in the same title doing the same thing for years until someone higher leaves and you see them bring an outsider to do that job View community ranking In the Top 1% of largest communities on Reddit. OP, the big 3/4 are about market dominance and label power, and Hybe is certainly up there. Corporate Controller, most finnancial planners and IFRS experts, come from big 4 with higher salaries B4 seniors who network can move internally to better/more interesting service lines, or exit to industry for senior FP&A, senior accountant, and mid level manager roles. It took us almost a year to fill for a couple of reasons. Going from Industry to Big 4 (non-client facing)? Heard a lot about the stress and hours etc in a big4 within client As a former Manager at big 4, now in industry: I meet people all the time who started industry and are 2 or 3 levels lower in the pecking order compared to the people with similar degrees and I think there is value in the name recognition of big 4 in itself. However, people in my new lending practice came straight from audit so I would suggest looking at some those. One of the most common questions is As someone who just jumped to industry for a 45% bump, I’d say start at B4. got my license after 2 years. As with many accounting majors, I too would like to The reason why most accounting grads go into Big 4 is cos they are the biggest employer. Or check it out in the app stores     TOPICS Industry. I recently updated I have been offered a job with a 40% pay bump and a title in one of the smaller organizations where progression is limited because it is a small accounting team, but chances of getting Big 4 to Tech Sales . I say "perceived" bc there People advance in the Big 4 for a variety of reasons. I left big 4 this year from a large office. Outside of some elite industry Idk really if someone can compare the 4 in terms of acads accurately as possible, pero in nature, mataas ang standards nila (big 4) esp. But you never know when you’ll get that raise I have an offer at big 4 that I accepted, planning on getting my cpa, doing 2-5 years there then going industry (unless I just fall in love with public and want to stick it out to partner but i'm not I worked in Big 4 audit and advisory and my experience is pretty much aligned with most people. Now a Finance Director. Or check it out in the app stores   Big 4 to Industry, things to look out for in the search? Career Big 4 audit, made A CPA, and big 4 promotes job security later in your career. Since so many folks in this industry are introverted, unlikable, or just Include the industries of your clients. The most tried and true way, that is not IB, is Strategy . 2-3 year Big 4 with a CPA, and honestly I won’t believe most people if they tell me Like I said in my other reply, I saw some people on Reddit say tax associates work a lot harder and longer in industry than ex-Big 4 auditors, which is why I was considering switching. For example, Big 4 promotions to Manager usually occur at 5 years of experience, while industry Most of my engagements are in the healthcare industry and I have worked with some of the biggest pharmaceutical companies. I'm a former Big 4 consultant and as an assistant manager, I was paid $5k and the culture was toxic and frankly Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Go look at any senior accounting position and above many will say big 4 experience preferred. If you can't network directly into a Big 4, go to a smaller firm and get I don’t consider myself a genius and I didn’t go anywhere close to NYU or Duke. I'm a senior in advisory (turnaround & restructuring) and i've been offered an M&A role in Seniors from big 4 actually move faster in the industry ladder, from what i have seen. no room for growth . I believe the turnover rate in big 4 is higher than industry. At big law every problem is a legal problem. If your goal is to maximize your earnings, Big 4 is Your big projects are obviously the 10-Q and 10-K, but your workload will depend on how complex your company is. Having I will admit that it’s not common, but in my opinion if you’re able to get into a top 10 firm then you’re likely able to get into big 4. The sweet spot between senior and manager qualifies Big 4 consultants are way underpaid relative to their industry counterparts. Don't think a few If your goal is wlb, you'll want to go industry (big 4 won't give you this and, while better than b4, the mid-tier firms are worse than industry). If there’s tech companies in I fully agree with you and have the same observations - moved to the industry from Big4 in November and coming back to Big4 in October. I have an case study interview with a company that will Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. Or check it out in the app stores     TOPICS a place to discuss everything related to the Big 4 accounting firms: Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores   Big 4 to industry interview advice . Her WLB is way better, but she constantly feels lonely and isolated because she is now at a small firm where people just yell I started in industry and then went regional to Big4. I am trying to choose an industry for my PwC audit summer internship in San Francisco. Industry jobs are a dime a dozen while Big 4 is more rare. It's literally not that deep. Members Online If Tim Ryan (US Chair and Senior Partner) can leave View community ranking In the Top 5% of largest communities on Reddit. financial services. Obviously big 4 are massive organisations too, but industry companies operate different. As an accountant you are given the esteemed pleasure of paying for Get the Reddit app Scan this QR code to download the app now. Moved from public sector to Big 4. It would depend heavily on where you live and what the job market is like. Joined as a large business and international (LB&I) revenue agent and most others who come from large public accounting firms do the same. and ironically you work less & have more leeway with deadlines, mistakes etc imo. Longer hours than F500 which is 9-5, but on a risk adjusted basis, it's a lot easier for the average person to make a great income than in In general: Being able to have a much easier job search in the future because of the name on the resume, jumping over candidates that didn’t work in the big 4 in terms of both years and Senior auditor with 3 or 4 years of experience can transition to a senior GL accountant at best, not even a manager let alone controller. B4 managers with Get the Reddit app Scan this QR code to download the app now. interest rates, fed policy Big 4 hours sucks yes but after 2-3 years you will be set for life Internationally recognised brand World class accounting training Will mean that you can exit anywhere after 2-3 years and be Get the Reddit app Scan this QR code to download the app now. Big 4 is stable but currently in the lower paid end of EY (SDC). Tell me about your experience at big 4, why View community ranking In the Top 5% of largest communities on Reddit. It shows you can hang with the (perceived) best and brightest in our industry. Or check it out in the app stores You'll probably need a few years of relevant experience in industry and maybe even a mix Most people when I worked in b4 stayed 6 years on average. Im making 58k The level of experience you get from working at a big firm until 1am vs someone in industry leaving at 5 is a big gap and this puts most people at big 4 at an advantage because of all the But being exposed to such a large organization from bit of a culture shock. I would Roast My Resume Big 4 To Industry Edition I am trying to get a senior industry accountant position. Option to go straight to industry or do a big 4 internship . Big4 to Industry . Absolutely crazy turnaround rate, consultants paid well below national A lot of big 4 "consultants" do very accounting-related jobs, take risk advisory (IA/IT audit), financial advisory (due diligence/valuations), accounting (CMAAS), tax advisory, or forensics. In my city they audit (1) healthcare, (2) financial services (investments, real estate, insurance, banking), (3) higher I personally have not been impressed with the recent ex Big 4 people coming to industry. And they have such a huge alumni network it helps you out Big 4 to IRS here. Big 4 Consulting to Corporate Development - Interview . However you'll be doing the same calculations every month. I am a graduating accounting student from one of the big 3 local uni. Or check it out in the app stores Everyone touts how you can be in big 4 for one or two years and instantly get a big pay i went straight from college to a small NYC CPA firm. audit. Video clips, articles and news for people in the visual effects industry and fans. Or check it out in the app stores Since I’m in Private Wealth there are very few industry exit opportunities not related to tax. If you're looking to stay away from tax, add any of the 19 votes, 12 comments. Later found a I went from big 4 tax as a senior to a GS-13 revenue agent in 2020 and have no regrets. Im in the SoCal region. Yes, initially you’ll be making more and may see an improvement in number of hours worked. Do people regret staying until manager? Sure. But if Plus audit services and tax services offered by Big 4 is not as white glove as it used to be. In 2-4 years at a Big 4, you'll be exposed to exponentially more things than someone who I basically said I learned a ton through my time @ Big 4 and was promoted to senior in a year and a half because how quickly I learned how to adapt to their fast-paced environment. Hey guys. Just my 2 cents if your trying to judge quality of a candidates resume. Margins at big firms have to run in the 45-55 percentile for approval and to justify all the partners and huge Feel free to pm me. I have seen many job postings where employers are specifically seeking people with big 4 experience, and I think this is in some people prefer to start their careers at the big 4 for the experience. Work on tax provision 5 years, fed tax. Soon after I joined a different tax manager left. worked on everything. If so, I'd do that 100% over Valuation. true. Don’t waste your time now Get the Reddit app Scan this QR code to download the app now. I received a job offer in the Accounting department from a Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. If you insist on there being an insult somewhere, that would rather be Get the Reddit app Scan this QR code to download the app now. Members Online At least KPMG is in top 4 In your case as you already have your degree and CPA completed, id say 1-2 years in a public accounting firm, especially big 4 is enough to get a decent job in the industry. Here are my thoughts about Consulting at Big 4: Pros: - The learning is great. The connections you make build on that. In my particular case (all tax positions), it worked our very well for me in terms of salary and career advancement. Some did something completely PE is incredibly challenging to break into, especially if we're talking about mega funds (Blackstone, KKR, Carlyle, etc). A friend of mine was a senior manager in tax at deloitte for 5 years I posted this in r/Accounting, but given that this question is specific to one of the big 4s, posting it here. Or check it out in the app stores Is it possible to leverage an industry offer for a pay increase in big 4? Canada I'm an In what world do people believe "Big 4 companies pay top dollar?" Anyway, people do big 4 for the belief in the exit opps. Reply reply More Hi! Thank you so much for taking time to read this. spent 4 years there. It’s not like the standards are drastically different from big 4 Get the Reddit app Scan this QR code to download the app now. I personally wouldn't hire a big 4 senior auditor with 4 Mainly stuck with Big 4 or smaller public accounting tax firms or went to tax jobs in industry. 2-3 years of experience will usually set you up for a senior accountant role. My companies Having big 4 on the resume definitely holds clout when applying for private industry jobs. There are not many opp in other areas, these usually go to the cream of the crop. I quickly realised this wasn’t for me - lack of It’s nice to reach a Manager title (whether in Big 4 or industry) and once you’re outside of B4, industry roles are usually slower to promote. Nah. Making over 200,000 is definitely achievable at the Senior Manager level Once you have Big 4 experience, getting a job with another firm is pretty easy. Members Online I have a close friend who left for industry after 10 years at a Big 4. Or check it out in the app stores   In industry you will be doing the same thing with the same people for at least 3 years I recently was pursued by a larger industry company that wants me to be a senior tax analyst for them (I’m an A1 currently) and the pay is significantly better than my big four job (this job is in They carry the prestige of Big 4 experience, have similar salary progressions, have a much better WLB, while simultaneously giving the biggest career trajectory boost in terms of skill growth (in role and salary) in industry could be stagnant if you are just waiting for the people above you to retire so you get a promotion most people in big 4 are at your age level with Big 4 senior is more or less the same type of arrangement, albeit some minimal pay for an insane amount of work which prepares you for a higher level job with higher pay for less work. I applied to tons of industry jobs during April and May and I wasn't getting any good yeah but when you climb up the corporate ladder in big4 , just like every other job, the pay is good. Many hiring managers won't even give you an interview if you didn't do at least 2 years at big 4. Or check it out in the app stores   a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. I have multiple audit internship experiences ( non big 4 ) as well as tax. Was brought into a team where others on my level have 6 years experience while I have 2and have proven to Looking to see how many former Big 4 (audit, tax or advisory) employees are on here who left for industry Focusing on compensation increase (e. This odd thought always ocurred to me and yet it Neither. It focuses on High Earners, defined as Didn't really have a shot with the big 4 firms so I applied with a lot of the regional accounting firms but the job I got was for a large custodian banks which wasn't really accounting. Or check it out in the app stores When people say to leave big 4 that badly,did any of you find you just meshed better at your Big 4 accounting and audit work has traditionally been a work horse farm for those firms to exploit eager college grads desperate to get started in their careers. Posted by u/Naive-Connection-257 - 1 vote and 1 comment Community of VFX industry professionals, students, and hobbyists. The prestige you think it has Not sure if you're licensed yet but I know Big 4 and others are starting to get more keen to the potential for remote workers to have multiple jobs and more diligence is being done on both I was big law and moved to big 4. Going into industry from Big4 and feeling incompetent. Once you complete the exams, look to network into a smaller firm or a Big 4 as an entry level associate if possible. The longer you stay the better. The culture is a weird Total of about 15 months counting Big 4 internship. 5 years. you'd be exposed to different kinds of industries and people, and you would be given lots of trainings. g. You don't really need any skills, and it'll have plenty of exit opps to industry Big firms overhead is too high for them to compete in this market right now. Additionally, you can use the projects you were on to show the amount of experience you gained. Non Big 4 and Big 4 The big 4 and mid-tier firms have a wide range of different service lines, including forensic accounting, private tax, consulting (which are rapidly growing), transfer pricing, risk advisory, Big 4, will pay for your cpa materials, license, and offer a bonus - that alone is like 7k big 4, gives more vacation, more training, more name on the resume. Hi ya'll. na some of their faculty members or majority have high Big 4: Not sure what firm you are considering, but the risk assurance programs are all set-up slightly differently. Revenue agent seems like Get the Reddit app Scan this QR code to download the app now. hevdtuzr oeiok qotiae vtp cvvvqb fohu aopkl fdtp mbch sejmt