i'm not saying it's the best job, but to shit on it without knowing the facts is dumb. Possessing strong soft skills is more important, so ensure you demonstrate this during the interview process. So, you read my blog post and decided to go work for a Big 4. When I worked at PwC, I knew Managers who had been with the firm in the same role for nine years and had no intentions of moving up or out. ), 2023 eFinancialCareers - All rights reserved. I'm thinking of looking at either taking an analyst position somewhere or being an actuary. However,you can also turn this to your advantage by pursuing short term contracts and gaining experience across different industries and disciplines, helping you determine which path you want to pursue on your return. Only routes to transaction advisory positions are as follows: BS Accounting (Top 50 Public/Private - 3.5+ GPA) -> MS Accounting (Top 10 Program - 3.5+ GPA) -> TAS Position, BS Accounting (Top 50 Public/Private - 3.5+ GPA) -> MS Accounting (OK Place - 3.8+ GPA) -> External Audit in Financial Services or Fortune 500 Companies for 2 years with at least 1 or 2 ratings each year -> TAS Position. Because of the collaboration with audit, VS also share the same peak season (busy season which is around January to April) with audit. I don't really mean FDD or TS, but more like management consulting that some of the larger offices may have large divisions of. Once you have Big 4 experience, getting a job with another firm is pretty easy. Typically, the tenure as Manager is about threeyears. Big 4 Accounting Firms - Exit Opportunities Explained - YouTube As an accountant you will always have a job, but you'll never get rich. The majority of fortune 500 hundred CFO's are ex-Big 4. "For example, you could be doing ITRA/ERS work as a non accountant, decide to get a part time MS in Accounting, become a CPA, and lateral into one of the transaction services groups doing valuation, m&a advisory, pre and post integration work, etc. -Just starting the audit of my 22nd CDO now (along with a medium sized stockbroking firm the only thing I have done). At some orgainzations "VP of Finance" could be in Treasury, Tax, Audit, Planning, Commercial Finance, Leasing, Manufacturing, even Strategy, etc As you can imagine there are different experiences required for these positions. Laboriosam omnis et ratione laudantium fugiat sunt quo consequatur. A common exit opportunity for many in Big 4 TS people is to go to wait for it another Big 4 firm. Or, depending on your technical depth and how sharp you are, you could gravitate to Big Data (Data Mining, Data Analytics) or InfoSec (Attack & Pen, etc). Just wanted to add some perspective, and make clear that all things considered, there are much worse situations to be in relative to working in big 4 accounting. Currently in 2nd year of 3 year contract with Big 4 audit. I could be wrong, but why would anyone work 80 hours a week to make $60k a year with few exit opportunities when they could just work somewhere else (like in almost any field) for 40 hours a week and make $50k a year. 8. What if you don't want to stay in accounting? I know this post is a little disorganized and rushed looking, but I'm just getting a little confused on a subject I thought I was pretty certain on lately. I'm part of a group called financial decision support and we do all the product revenue forecasting and essentially serve as the financial side of corporate strategy. Fortunately, Big 4 Deal Advisory experience would open up a large number of opportunities in industry. You can become an accountant at a large number of businesses. My advice would be to fulfill the requirements to become a qualified accountant first so that this stage of your career is complete and then move on to the other qualifications and your career transition more generally.

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