Less common exits are corporate finance and consulting (many different types). I am a newly promoted manager in the portfolio valuations group at a big 4. Big 4 gives you this opportunity for sure. Currently big 4 TAS senior. If you are a Big 4 Audit Manager considering a move, and you don't have a good handle on your opportunities, you have wasted a few years of your time. Explanation of exit options for Big 4 employees in audit (assurance), tax and consulting. I've spent the past 2 years working for a Big 4 Consulting firm as a management consultant. Big 4 Valuation, Advisory, and Transaction Services. This mini-series intended to give you a quick and dirty overview to some of the most talked about Accounting & Audit exit opportunities. And honestly I don’t think it’s worth it to stay until manager as even they are underpaid for the hours. I worked for many years in the industry and then briefly at a Big 4 firm in London before moving back to the industry again. FloQast is an exit from the Big 4 where you can leverage a lot of your accounting knowledge, so this is a very good opportunity for people looking to make a switch and this is the right time to do it as it’s very early in our company. Ah, yes: the Big 4 accounting firms. This particular post covered Big 4 Valuations — a subset of the Big 4 Transaction Services (TS) division, with other roles coming soon! After such a dull job like a big four auditor almost any other work would be more interesting and meaningful. This is typically a better option if you see yourself 1) Not in tax, 2) in financial reporting somewhere or in corporate finance. In this vlog David discusses if it is really possible to get a job out of tax and what those opportunities look like. last updated – posted 2011-Apr-28 ... Is anyone here able to comment on what the typical opportunities are for those who spend 3-5 years at a big 4 doing audit. (32) An additional comment about advisory. The big 4 doesn't really do this kind of activity because the partnership doesn't want to take on such risk. Hi everyone! Howdy, What exit opportunities exist after 2.5+ years in Corporate Finance, Transaction Services from a Big 4 professional services firm? I like the work but the pay is pretty crappy for the hours I work. Non-Big 4 Valuation Career: How to Network, Interview, and Break In, How to Excel On the Job, and Possible Exit Opportunities into Other Fields of Finance. Big 4 Transaction Services: Careers, Recruiting, Deals, Valuation vs. Financial Due Diligence, Salaries and Bonuses, and Exit Opportunities. Big shoutout to our friends at Big 4 Career Lab for Out of these 4 service lines at the big 4, what are the exit opportunities of each one? BIG 4 FIRM EXIT OPTIONS AND WHEN THE BEST TIME TO LEAVE IS! You don’t want to try to get an internship after you have already graduated, as the position will likely not be available to you. Is it due to less opportunities or that people stick around because tax hours aren't as bad as public? I think Roland Berger is a better opportunity than 3 of the 4 Big 4 firms. Best graduate department in big 4 Big 4 audit to big 4 CF Should I do accounting or banking? My impression with Big 4 tax is that exit opps are very limited and you need to be cream of the crop to leave… September 27, 2013 at 12:42 am #454956. kts1010. Intern . Archive View Return to standard view. The Big 4 Accounting Firm Salaries. The experience has been like nothing else I've seen professionally. If you're 1-2 years post qualified then you’re still interesting to them. As of 2017, the Big 4 audited 497 of the S&P 500.That's 99.4% market share of the top 500 publicly traded companies. I think my comments above make advisory at Big 4 look like it's not that cool and difficult to get. My thoughts are that TS is a similar role to external audit, and thus the exit opportunities would be similar – but you are much less likely to move into a position at a client. No, working there is not as “glamorous” as working at a bank or in private equity / hedge funds, but there are plenty of other advantages – such as getting to have a life and being around sane(r) people. Now if this is an area you’re considering, I strongly encourage you to check out our map of the landscape of Accounting & Audit Exit Opportunities, including Valuations to find out: I am in the process of applying to top 20 schools to move into I-banking OR corporate development. If you're training as an accountant with the Big Four, the chances are you're thinking of leaving of leaving when you've gained your ACA. Common exits from doing audit at Big 4/GT/Mcg/BDO are working in a corporate accounting or internal audit role. You will need to focus on getting this position while you are in school though. Audit and Tax at a Big4 How bad are big4 audit hours? What you see on the Big 4 websites is simply marketing spiel to help the firm sound valuable and all-encompassing, and are services your Partner will try and sell to clients (but rarely actually wins). I assume this question is coming from an Audit Staff or an Audit Senior. You're not alone - plenty of people quit, and completion of a training contract with a Big Four accounting firm offers various opportunities. They all seem to say up to 2 years PQE, but no more. Now if this is an area you’re considering, I strongly encourage you to check out our map of the landscape of Accounting & Audit Exit Opportunities , including Restructuring to find out: I think amongst the Big 4, Deloitte is making serious headway in growing it’s advisory practice by acquiring Monitor and it’s own internal efforts. Big 4 - audit, advisory, consulting, tax exit opportunities More meaningful jobs after big4 audit? So that is not your problem. For example, one of the Big 4 firms offers their newly promoted managers a one-time 20-25% award that vests after a full year of service as manager. Investment Banking Exit Opportunities: Trade-Offs of Private Equity, Hedge Funds, Venture Capital, Corporate Finance, Corporate Development, ... (or anyone who could help). None of these firms have a monopoly on the services offered so if you’ve heard good things about Deloitte as opposed to your living hell at PwC, you may jump at the opportunity to join a rival firm. Because their fee structures don't tend to be related to whether the deal goes through, they don't have … As we already mentioned, the Big 4 absolutely dominate the accounting field. …or you could just skip that altogether, work in Big 4 transaction advisory services, and leverage that experience to break in – like our interviewee today did. I will answer this question with 4 caveats: 1. The average newly promoted manager makes ~$85,000 a year, meaning their bonus is worth ~$20,000. Similar to going to an Ivy League school, the exit opportunities are all about your network and relationships. Big 4 Audit - Exit Opportunities. Even yard-work, or just picking up litter on your street. The area that the big 4 arguably strong in, is due diligence. If you are going to work at the big 4, obtaining a big 4 internship is key. But let's put a number to that. Big 4 are also trying to hire at newly qualified level to replace their leavers, so there is definitely openings for you. Is audit best if you want to move towards controlle (Roland Berger vs Deloitte is too close to generalize and the comparison would depend on which part of Deloitte, etc…) Traditional Strategy Consulting is dying and will be finished in the next 10 years. 2. Although usually identified as single companies, each one of the Big 4 Accounting Firms is actually a network of independent corporations who have entered into agreements with one another to set quality standards and share a common name. I left Public Accounting in May 2015 so things may have changed. A common exit opportunity for many in Big 4 TS people is to go to…wait for it…another Big 4 firm. There is a great deal of power behind a Big 4 brand. Remember, it takes a full year as manager to retain this. This particular post covered Big 4 Restructuring — a division dedicated to helping companies rebuild after experiencing severe financial underperformance, with other roles coming soon! I'm back with another video requested by you guys!You are probably wondering what sort of jobs you can pursue after getting into a Big 4. The Big 4/ACN are brought in when something actually needs to be done about a problem. In addition, these mammoth organizations advise on tax and offer a wide range of management and assurance services. Member. If you stay, you will definitely have a good career, but it will be a good career in public accounting. Given that the Big 4 accounting firms provide essentially identical salaries to employees, you will find below compensation figures based on level, location, and practice rather than the details for each firm. Big 4 Consulting By The Numbers. I personally did not mind working with older people, but a lot of people fresh out of college find it more enjoyable to work with peers. He did what most consider “difficult to impossible”: moving from traditional audit/accounting at a Big 4 firm into the advisory group, and finally into corporate development at a well-known financial institution. Why not go for the best, not ‘little better’?