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tarheelfan4ever Newbie
Joined: 04 Dec 2009
Online Status: Offline Posts: 25
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Posted: 05 Feb 2010 at 18:45 | IP Logged
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senbi575 wrote:
tarheelfan4ever wrote:
Inspired wrote:
Those firms are good they are similar to the big 4 though...brutal to get in right now. They recruit the same way as the big 4, not too bright though a former partner went into my ex-firm. |
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How do you get into the damn Big 4? Seriously, no offense to anyone here who works there, but a lot of their hiring practices seem similar to how fraternities work, and frankly, some of the people who come back to give presentations about them from my school seem like COMPLETE idiots. I also noticed that aside from looking fratty, a lot of them also seem to be attractive, which leads me to think there's a lot of bias in their hiring practices. Are Grant/BDO like this as well?
Frankly, if anyone else has noticed this too, I'm not sure if I even want to work for a firm like this. I want to get promotions based on how well I perform, and not be judged exclusively on soft factors (i.e. attractiveness, how much I drink (I literally had presenters talk about how they get to go out drinking often), etc.) and garbage like that. And by performance, I don't just mean getting the job done, but communication, and all that.
I know that I won't be happy having to play office politics and worrying about crap I can't control the whole time, but from the looks of this thread, it seems like if I want to have a decent job opening my own practice or become a controller, then I have to go to the Big 4. FML lol.
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I hate to say it but this is probably true at just about any large firm or large company that you work for. Office politics are the norm at these large place as everyone wants the corner office, the big salary and large bonus. Your best bet to avoid this is to work at a smaller locally owned company. You will probably not have the huge salary, but at least you will be happy and more satisfied with your work. |
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My question is, however, how small of a salary are we talking about if I choose to work at a smaller firm? Admittedly, I have a pretty money hungry/prestige-whore attitude, but for me, its a certain salary threshold I want to cross and after I reach it, I really don't give a damn about earning more. For me, that threshold is around 150k and after I reach that (if I ever do), I'd rather do something I enjoy in an environment I like and be recognized as a significant contributor to a firm than chase after more money.
Now before you blast me about wanting "only" 150k, I realize that its not easy and will take a lot of work, but you also have to realize that its not nearly as bad as 99% of the people on wall street. Yeah, most people will never make that much, but I am a hard worker, infinitely more motivated than the average, more intelligent than a good number of people (not ivy league, but you know what I mean), and I know how to impress my superiors (although I really hate this part, hence why I want to avoid the Big 4, especially since thats all "softs based" and not merit based). Furthermore, I know how to live below my means and am not stupid with money/spend irresistibly like many people I know. You can call me cocky, but I'm very confident that I can reach 150k at some point in my career even if it takes longer than most.
I just want to know if the opportunity to reach this threshold is even possible for partners/senior managers at smaller firms/large regionals. I've gotten mixed responses (hell, on another forum 2 people PMed me saying that they make MORE than their Big 4 counterparts at smaller firms since they were able to advance quicker), so if anyone has details about this, let me know.
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Nailz Newbie
Joined: 07 Jan 2010
Online Status: Offline Posts: 38
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Posted: 05 Feb 2010 at 19:02 | IP Logged
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tarheelfan4ever a/k/a keeping up with the joneses, what happens if your salary tops out at $140,000? Will you consider yourself a failure?
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Inspired Major Contributor
Joined: 01 Nov 2009
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Posted: 05 Feb 2010 at 19:05 | IP Logged
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You sound like George Clooney in that movie "Up in the air"
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clips2007 Regular
Joined: 03 Nov 2007 Location: United States
Online Status: Offline Posts: 184
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Posted: 05 Feb 2010 at 19:29 | IP Logged
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Inspired wrote:
You sound like George Clooney in that movie "Up in the air"
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Anybody who ever built an empire, or changed the world, sat where you are now.
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tarheelfan4ever Newbie
Joined: 04 Dec 2009
Online Status: Offline Posts: 25
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Posted: 05 Feb 2010 at 19:44 | IP Logged
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Nailz wrote:
tarheelfan4ever a/k/a keeping up with the joneses, what happens if your salary tops out at $140,000? Will you consider yourself a failure? |
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*facepalm*, way to take things so literally. Who knows? Maybe, I won't even need nearly that amount of wealth to be happy. I'm just guessing that this is where I'll be happy based on my (albeit naive) observations thus far. Plus, I know that I don't need to make 300-400k or millions to be happy either at this point of my life.
Secondly, George Clooney's character didn't necessarily want money. He just wanted to reach that elite club and didn't really have an identity because he was so consumed with his work. I explicitly said that I have other interests and therefore only care about obtaining a certain level of wealth. Nowhere did I say that I'm willing to sell my soul to obtain millions of dollars. All I want is to be fairly successful monetarily (which I'm estimating 150k will be for me), be well respected by my peers and do work that's interesting. Am I asking for a lot to some? Probably, but that's my goal. Just as people on Wall Street work 110 hours a week to reach their dream of making millions, and Bud Fox's dad was happy being blue collar, people have different ideals, and this is mine.
But yeah, any help would be appreciated.
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