Primarily for accountants and aspiring accountants to learn about and discuss their career choice. By using our Services or clicking I agree, you agree to our use of cookies. This could result in the audit practice, and thus, audit quality, not being of primary importance to firm leadership. The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. Deloitte and PwC are very aggressive at MBA programs in the top #5-30. From my perception, more so than EY and KPMG though they are too. Big 4 candidates will be expected to know about alteryx, salesforce and tableau right out of the gate. Yep. How much do big 4 professionals travel? They employ thousands of employees around the world across practice areas including consulting, audit, tax, and more. The UK’s Big Four accounting firms have until 2024 to separate their audit practices following an edict from the accounting regulator that marks the largest shake-up of the industry in decades. Busy season will be busy. But audit is just the beginning. Many people think that they can automatically turn an audit career into instant success as an audit partner or become a CFO. I'm currently an accounting major but I'm thinking on switching into business IT. Per inquiry with sparton192, Junior Student, on 05/19/2013, it was noted that Deloitte Consulting (Deloitte), was regarded as a top notch consulting firm. Deloitte's S&O group is large and Deloitte is largely respected (the S&O part more than the other lines of course), but it isn't top tier management consulting. They grew to be larger than the big 4 accounting firms. The thing is, nobody knows what’s going to happen. The Big 4 accounting and consulting firms work with the best companies in the world. If you really, really, want to be a consultant and not try to move in as a business analyst from maybe Sr. Chat over your ideal career shift to a partner after 1-2 years and see how much they can help get in touch with good contacts. The Big 4 are PriceWaterhouseCoopers (PwC), Ernst & Young (E&Y), Deloitte, and KPMG. The accounting watchdog has told EY, PwC, KPMG and Deloitte they must submit plans by October on how they will split their audit arms from their consulting businesses. Made no sense to stay with another opportunity and I haven’t looked back once. Specifically, regulators are concerned that the growth of consulting business at the Big 4 could lead to the firms becoming primarily consulting firms rather than primarily audit firms. I lasted 4 months and bailed for a job paying 25% more. If you aren’t going to be partner, get the hell out.In a 2016 research paper published by the University of Tennessee, the authors outline average earnings through age 37 for CPAs in the following buckets:1) Never leave public 2) Leave after senior 3) Leave after managerNo surprise that those choosing to stay in public can expect to earn $ Travel in the big 4 … You're stuck at the lower salary, basically permanently. PwC has done some aggressive work on operations ability (eg PRTM). Oftentimes, you step in the door of the door at the big 4 … Or better stated, which of the Big Four firms will pay you the highest salary!?. You don’t come into the big four knowing how to read a ledger or how to prepare a return, and the big 4 aren’t always willing to help. Misconceptions about audit at the big 4. Deloitte is a top notch consulting firm. As we already mentioned, the Big 4 absolutely dominate the accounting field. The three names in the game of management consulting are of course: McKinsey, BCG, Bain. One of the biggest questions about the big 4 is travel. Identify Your Goals Which of the “Big 4” accounting firms is right for you? I wouldn't mind that, but as someone else said, the Big 4 all have a consulting arm and I know Deloitte is regarded just a step below MBB. That was me up until this past week where I got dropped a shit ton of work. Having been employed by a Big 4 Firm carries a lot of weight in the industry and can offer you career opportunities you couldn’t get elsewhere. It’ll come in time. I recently started an internship at a Big 4 in audit and so far I am happy with both the firm and the job, however I am just wondering what options I have later in my career in consultancy. 6) Tell me about a time when you had to be a leader. 1. There are also hundreds of boutique consulting firms … Working for one of The Big Four Accounting Firms is a prestigious honor and a goal for many accountants. Associate, then a top MBA is going to be the most likely route after 3-5 years. The U.K.'s accounting watchdog has asked the firms to submit a plan by Oct. 23 for separating their audit and consulting businesses. Therefore, you have more competition. Given their relatively new entry in the strategy consulting market, what are your thoughts about Big 4 strategy consulting teams (Monitor, S&, PEY), both at current level and in the future? In fact, many Ivy league folks go to Big 4 (Deloitte atleast) for consulting. Obviously not#1 but I believe they are up there. No exception noted. Hated it. Being at Deloitte is definitely a step closer to moving into S&O, but it isn't as easy of a lateral as advisory lines that are not part of S&O. I’ll provide some insight into travel in the big 4 as there are many misconceptions. If you can leverage whatever network you have from school / family to get a better gig, there is a strong argument to bail on the Big 4 if you aren’t in accounting for the long haul. Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. I've heard a lot of things about it, like Big 4 are investing a lot in strategy consulting with the ambition to compete with MBB. Advice and questions welcome. A lot of the Big 4's "consulting" is implementation and operations type work now, especially in the IT realm. Matthew Heller The U.K. is moving closer to a far-reaching shakeup of the Big Four accounting firms that would separate their audit and consulting businesses after a series of high-profile audit failures. And some have taken to sites like Fishbowl and Reddit to voice their concerns. Also note that consultants get paid more (sometimes MUCH more) than auditors and, at least at Deloitte, you probably will NOT receive a boost if you transfer. The Big 4 accounting firms are titans of the professional services industry. But let's put a number to that. Some people think they travel all the time and other people are convinced that big 4 professionals don’t travel all the time. 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. Salaries start at $53,000 for an audit associate and top out at $5,000,000+ for a senior executive partner. Deloitte is currently the better armed Big 4 for anything strategy related though. I also work for Deloitte and I believe they have a consultancy arm - how difficult is it to go from audit to consulting within the firm? 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