|
|
Topic: Big 4 = SUCKs ( Topic Closed)
|
|
Author |
|
allegro-cpa Major Contributor
Joined: 28 Dec 2009 Location: United States
Online Status: Offline Posts: 635
|
Posted: 27 Apr 2010 at 08:43 | IP Logged
|
|
|
Well, I have a feeling that big 4 is similar to investment banking as far as grunt work goes. I started working for an investment bank (big named) out of college and its extreme grunt work at the entry level position and its all year round, not just busy season. You got up really early like 4:30-5am depending on your commute, then got to work around 6:30-7am did tons of busy work constantly until around 6pm, then finished up around 7pm, got home around 8:30-9pm. For lunch, you went down to the cafeteria and picked something up in about 15-20 min, then take it to your desk and work while you eat if you have a lot of work to do, or you could sit in the cafe with some associates for 25 min. Hung out with some former big 4 auditors that switched over to do more auditing at the bank. I was dead tired when I got home everyday, but stuck it out for a while to get the experience. I know its not as hardcore as big 4, but at least I got a taste. Its harder to get into than big 4, but I think the drop out rate is lower, so big 4 must be the crazy in terms of being tired all the time, etc.
There is only so far you can go though without passing a CPA or CFA though or some kind of securities license, etc. Similar to big 4 I think in people need to pass the CPA to move up. I found that a lot of the guys in their late 20's early 30's had both CPA and CFA and worked as valuation analyst. I needed the CFA/CPA to move up, so I switched to another job that gave me good experience without having to pass them. But now, looking to pass them and go back. There is so many interesting things I learned that both finance and accounting is needed. From the equity deal, trading of the investment, price setting, booking the investment, to the allocation of the asset, valuation of the security, to the final stages, both finance and accounting knowledge is needed in all the processes.
I'm looking to send some resume's to the valuation part of big 4, audit/tax I don't have experience in it to qualify. Thanks for the info guys on the big 4 experiences.
If you guys can stick it out without getting tired, who cares about the low pay you get at entry level, yeah they work you to death, but I was given a lot of responsibilities, new ones month after month, because you are already in system and they trust you. Do as much work and get experience before you leave. It will help in the long run. Some of these responsibilities you could never get or learn in an MBA program. Take advantage of them. I got to work on a huge multi- billion dollar acquisition, sounds fancy, but there is just a ton of busy work involved in this process at the staff level.
So if you get a client like Microsoft or a big named client you are working on, that can look really good on your resume and can be one of the those 3 crappy bullet points you need that sticks out!
__________________ AUD - waiting
BEC - studying
REG
FAR
|
Back to Top |
|
|
brightspark312 Newbie
Joined: 14 Dec 2009
Online Status: Offline Posts: 16
|
Posted: 27 Apr 2010 at 15:04 | IP Logged
|
|
|
Hi guys. I am really happy to see those disscussion about Big 4 in the US. I am a Big 4 (not in the US) alumnus and just relocated to Maryland last year. However I am kind of shocked to know that the situation working in Big 4 US seems exactly the same in my country per those postsn above. Long working hours with others under high pressure (that's easy for people to get mad when they are stressed. Horrible), sacrificing a lot of private time, even healthiness (never a good idea). After working in Big 4 for 3 years, I agree with wetbandits and allegro-cpa, it's absolutely a good experience to start your career from Big 4. You will learn way a lot. I also like the title- Big 4 sucks-as exphysio mentioned, those are all true, no matter where Big 4 is. I don't know much about how it looks like to work in Big 4 US but now I kind of know the picture-pretty much the same as what I had experienced before. So frustrating. I thought it might be some different, maybe it is, it's even harder in US. At least my manager never said anything ugly or bad-month on me.
I am looking for a job after I passed CPA exams. Think to get a job in a small-size or mid-size firm. Wondering if it's a good decision or not. Good luck for myself and all of you guys.
by the way, I hate being "flexible" when it comes to eat habits.
__________________ CPA 2010. CIA to be -2012!
|
Back to Top |
|
|
jpsy422 Contributor
Joined: 19 Aug 2009 Location: United States
Online Status: Offline Posts: 69
|
Posted: 27 Apr 2010 at 20:35 | IP Logged
|
|
|
I left big 4 after about a year. I make a little less, but now have time for the finer things in life, such as:
-Watching Lost when it airs so some mid-level accounting dude at a factory in a town 200 miles from your house can't spoil it for you on a weekly basis.
-Attending sporting events
-having friends between late October and Early April, or whenever your HR guy decides that you pulled the short straw in July and have to do the mid-year-end client.
-Spoiling lost for the auditors.
-Not having to pretend that you don't mind driving 4 hours on a Sunday night so you can stay in a red roof inn in some Podunk town in Indiana for a week.
-Using a Mac.
-Never having to look at Lotus Notes ever again. ever.
-Not eating out at Applebees 3 nights a week and Chili's the other 2.
-Getting to go on vacation between Christmas and NYE and not having to worry about coming home for an inventory
-Not hearing the phrases "on a go forward basis", "As Such", and "per (insert name here)"
Things I miss about Big 4: -Listening to books on tape and Podcasts as i drive to client sites
-The free boots I got one time when I had to inventory a Coal Pile
-Getting to see all of the different factories and warehouses. Though i now have time to watch "How It's Made" so i guess that one is a wash...
__________________ FAR: PASSED!
BEC: PASSED!
AUD: PASSED!
REG: PASSED!
BOOM! CPA!
|
Back to Top |
|
|
fla_examer85 Major Contributor
Joined: 30 May 2009 Location: United States
Online Status: Offline Posts: 661
|
Posted: 05 May 2010 at 00:21 | IP Logged
|
|
|
jpsy422 wrote:
-Getting to see all of the different factories and warehouses. Though i now have time to watch "How It's Made" so i guess that one is a wash...
|
|
|
Funny guy, I laugh at this!
|
Back to Top |
|
|
rangers911 Newbie
Joined: 02 Dec 2009 Location: United States
Online Status: Offline Posts: 46
|
Posted: 05 May 2010 at 18:00 | IP Logged
|
|
|
I have to add my two cents in this.
I've always worked in the private sector, and actually, some of the largest ones in the Nation (Financial Industries). Through the years I've made many friends in Public, as well as working with those who had worked in Public.
The fact that Public "overworks" people might be true, but if you think that that doesn't happen in "corporate" or in the Private sector, you're delusional! Also, now that it's NOT required to have two years of Public, I really feel that that industry will change and will have a lot of people hesitant to work there knowing that it's a difficult environment and low paying.
|
Back to Top |
|
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum
|
Copyright ©2001-2010 Web Wiz Guide
This page was generated in 0.1563 seconds.
|