How to get into big 4 consulting reddit. It’s one of the worst out there.

Reply. It depends which (if any) Big4 recruit at your university. Look at the MBA class profiles from each school and see what schools place strongest in consulting. The thing to understand is pure strategy consulting is way different to audit. Trefnwyd • 11 days ago. Deloitte is across the board the leader in consulting from a number perspective. If your school isn't a feeder for one of those firms, I don't think you have a shot. Many of those going into these consulting jobs use it to get into a great MBA program and go from there (often times back into consulting). Though, expect that they will give you below market vs. There’s also other service lines in big 4 other than accounting so have a gander and see if there’s anything else you’d prefer. You will be doing entirely reserving work - likely reserving audits. These firms are routinely contracted by some of the largest organizations and companies in the world, from The Vatican and British Airways to Big 4 is more doable but you'd really need to rebrand yourself as a non-Tech consultant as that's definitely the team they'll try to bucket you in. California offices are huge and always hiring. If you're open to coming in at a junior or entry level position, it really isn't too hard at all I'd say. I don't think it's this easy to break into management consulting. If you don't have them, someone else does. I’m not thinking about switching anytime soon but just curious where people go from here. Hello, I have a good chance of receiving an offer to do management consulting at in Advisory at a Big 4. Good luck! Choose one and move on to green pastures. The short version - yes, it's helpful. As far as consulting goes -- the Big 4 firms and most national firms also have pretty good advisory practices as well; for consultants you sometimes get the feeling that if you don't get into MBB immediately out of undergrad your life is over but that's really more of a college student mindset rather than anything real. I have 2 years of financial services Big 4 audit work experience and have passed 2/3rds of my exams. Wonder if there are current students/alumni who can back this up. Big4 is always hiring. Right out of college is the most competitive time, and they’ll get a crapload of 3. It’s nothing personal at all. When I exited after 2 years, I got corporate strategy interviews at a big media company (Disney, WB, Fox - 2 interviews, no offer), a big video game company (Riot, Blizzard, Activision - final round, no offer), and a big SF tech company where I am at now (Google, Microsoft Its going to be very difficult breaking into MBB without a target MBA. That happens. I've just gotten a job offer from a Do summer internships. If your primary goal is experience and future exit opportunities, look at getting into consulting at the big 4. I would be getting my MAcc as well as a BS in Fin. Big 4 is relatively easy to get into but won't deliver anywhere near as much. •. I've been an associate in management consulting for 4 months now and I LOVE my job. I was not a generalist. I am just guessing that the # of HBS students that apply for public accounting roles is extremely small. That's because your resume gets to two people: the non-technical HR person who you need to impress, and the technical interviewer where you need to be able to back up anything on your resume. " Communicate clearly, be confident, ask the right questions, and show that you care about the big 4 and what they stand for. I work at a smaller office but have a major F500 client (top 50 in revenue). PwC or Deloitte. 2- Was it a very difficult transition from public to private. The closest firms to MBB are the tier 2 consulting firms, like LEK, AT Kearney, Oliver Wyman, PwC’s Strategy&, and EY-P. General project management, dealing with clients, budgets, making decks, etc. It helps to have some good work experience on your resume as well as excellent interview skills ie be personable and engaging and able to recall some great personal experiences if they ask. I would venture a guess to say if some top ranked student at Harvard applied for Big 4 and had the accounting credits etc. It's not useful, but it won't hurt to have. You can take as much learning as you want, in almost any field you like (Technology, Marketing, Strategy and so on) - The freedom of not having a direct manager. Control your hours, because there is always going to be more to be done. , they would be strongly considered for the job. can design slide decks and change text fonts (bonus points if you get artsy with it) have the ego of a god even though it’s the easiest work. Every T25 will provide you the resources to break into consulting. 7% (which makes sense, considering it’s also the biggest of the Big Four), based on 2,500 entry level job openings and 250,000 total applicants (which includes applicants to non-entry level roles). To get more professional experience, get to work and Advice and questions welcome. The thing is by the time people reach manager age they are tired of consulting and the hours/lifestyle and usually exit. Even ticking all the boxes (perfect grades, amply extra-curricular activities, etc) it may still take years to get a foot in the door. Hey guys, been lurking on this sub along with a few other related subs for quite a while. advice from a consultant with 7+ years experience; 1. What you're referring to is management consultants, and the good ones don't really go to big 4. The first is to take the best job you can and then go to a top tier MBA. tldr; Joined a Big 4 consulting firm in 2022 with high hopes, but the reality was far from ideal. Average overall GPA for my intern and starting classes were around 3. For a student without either of these, it is definitely more difficult but not impossible. My question is, being in my first year at B4 financial services audit - what steps can I take to move to IB in the future. That's it. So obviously the ATO pays more initially. Networking is crucial, but so is understanding that I started as a staff auditor at a midsize firm this year and I’m trying to move into IT consulting. Not common, but possible if you really want to. Key is persistence and at that junior level, just showing that you're keen. so on and so on. Since this is an extremely busy season for them Big 4 audit to M7 MBA. knowing what you can do and what you cannot do and negotiating with managers,clients etc is YOUR job. Consulting and finance cares about 3 things uni/grades, professional experience, and relevant extracurriculars. If you rely on your scheduler, then you will most likely be assigned undesirable clients or projects. Unfortunately PE does not recruit from general Big 4. Be really interested and friendly and have your resume with you. Feb 28, 2024 · The Big Four recruitment process. We've not even started, but after doing some center learning which I barely scraped through, I've seen seen that I'm booked for 45 hour weeks (plus 2 hrs commuting, hrs studying) for Other consultancies. Skip a step and move forward. A friend of mine has been working in a big 4 for over 7 years (Manager) and drawing a base salary of $8k-ish per month. I used to help with recruiting for a big 4. No, I’m saying you get into big consulting as an experienced associate. I worked in consulting for a big 4 and was let go. 5+ with perfect extra curricular applicants. Your best bet is to probably try for accounting-related advisory roles. My long term goal is to be a technical expert; someone who knows oracle or SAP systems really well and can give advice on how to use the system, help transitions to new systems, build out custom modules, etc. It’s easier to jump from internal audit to consulting because at least internal audit has consulting titles, true or not, but it’s pretty rough going from audit/tax intern to full-time consulting. You’d be coming in as a Staff Consultant through campus recruiting. They may be a target for other T2 firms as well, but EY-P has explicitly said they like bringing in Marshall students. 10% go straight to IB. The Big 4 firms in management consulting are Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC), and Ernst & Young (EY). 18. If your primary goal is salary, look elsewhere. I've asked current students in a top 25 school to break down their numbers for a big 4 firm and it seems like only a couple were placed in what we would consider the strategy division. New comments cannot be posted and votes cannot be cast. The work environment became toxic when projects were scarce, and internal politics played a huge role in job security. Big 4 Valuations/Modeling Exit ops. Maybe say you have a tech background and you’re really Feb 7, 2023 · We can estimate that based on job openings for students, Deloitte’s acceptance rate is around 3. From there it's a relatively easy lateral into a Big 4 Strategy team. I live in London, UK. Meanwhile big 4 starting salary is around 65k per annum (super inclusive). May 31, 2013 · I agree with previous posters: GPA is a huge screening factor. They can tell you what the best route is to follow. This is just growth strategy. can tell stories to clients. Self advocacy is probably one of the most important traits in corporate; 2. Posted by u/joelan1 - 1 vote and 6 comments We would like to show you a description here but the site won’t allow us. Apply well before the deadline and show up to the interview early. You either have it or you don't. Sep 27, 2019 · McKinsey & Co, the Boston Consulting Group and Bain & Co, also known as the MBB in short or the “Big Three,” are the three top firms in consulting and are some of the most coveted places to work. I have been lucky enough to get into a Big 4 Deals Advisory rotational program where I am going to do rotations across several different groups in the Big 4. yes, quite literally similar to a children’s story book. I’ve since leveraged that experience about 1. The Big Four is not very competitive either. Pretty much like that. Unpopular opinion: The big 4 may not compensate well financially, but the experience you gain and exit opportunities make up for the reduced wage. EY post-MBA management consultants make $10k less than EY-P A community for consultants across industries. KPMG. Albeit they take in more accounting grads than other specs. audit too easy lah, everyday need people, cuz no one like the super super long hours audit job with little pay, yet high expectation and responsibility. I showed up to the interview all ready to kill it with my answers to every encyclopedic or gotcha question they could throw at me. Have seen alot of people talking about exiting big 4 audit/deals/TAS into IB. No, it's not as helpful as it is in audit or tax, but most consultants do go on and get some kind of license or certification relating to their specialization. The only purpose anyone has for working there is to suffer in accounting hell and leave. Other firms which are strong in Australia include LEK, ATK, Strat&, Accenture, Oliver Wyman, alongside the Big 4. In audit you already know the answer, in consulting you don’t even know the question. I was just wondering if big 4 MC (operations consulting to be exact) can also exit into IB and other high finance roles, or perhaps a Tier 2/elite boutique consulting firm after A lot of big 4 "consultants" do very accounting-related jobs, take risk advisory (IA/IT audit), financial advisory (due diligence/valuations), accounting (CMAAS), tax advisory, or forensics. Got on an audit grad scheme in the UK right out of uni and a week in, I don't think I can do it. Although MBB firms virtually get all the attention, the Big 4 firms also The ATO pays 78k per annum for the grad role and upon completion of the training I will earn 87k per annum (super inclusive at 15. 5 is the GPA cutoff for these. FYI - the hours on CDD are brutal. Accenture does have Accenture Strategy too. 5. In a nutshell - MBB recruit from top schools, Big 4 according to members from the school’s consulting club, Marshall is a target for EY-P. Looking for some advice, Would love to hear differents between exits ops of deals vs consulting. I am thinking of getting MBA while I make senior at Big 4 and then think about making the move. I interned twice at a Big 4 firm and secured a full-time position there. From my personal experience, I managed to get into my firm’s consulting arm after an audit internship. Plan to Get Back into Big 4 [UK] Hi Everyone, I'll just cut to the chase. Look at each company’s website and see what they’re saying on there about why that firm is so special. Equivalent to explaining Big4. When consulting just needs headcount). 4-3. The interview went like this: Interviewer: "I see you were referred by "Important Dude". Speak to the campus recruiters in-person when they're on campus and get the name of a contact. EY and PwC are harder to estimate. Equip boomerang using the item menu and then press the x button to throw. ADMIN MOD. You need to be able to network well and sell yourself effectively. I've worked in the trenches as an associate, participated in recruiting, filtered resumes and interviewed. Many Big4 have their list of target schools. Hi everyone. " FDD is performed by the Advisory group and CDD is performed by consulting. Attrition rate there is high due to volume of work and low compensation. If you really want to get into PE you will need to lateral. Hence why they recruit differently. 46 votes, 29 comments. Your busy season will be about a month in the fall (November-ish) and a couple of months (Jan-Feb or mid March) in the winter. There’s not much SALY in tax consulting like there is in audit. MBB is extremely competitive but gives amazing exit opportunities and training. g. for your big 4 non-strategy questions, pay is very slightly lower (e. We would like to show you a description here but the site won’t allow us. There's things like "tech strategy" that are nebulous but it usually falls under tech consulting umbrellas in most firms, so these Pretty easy to break into. If ever there is, not that much. EY has EY-Parthenon, PwC has Strategy&. Decent GPA + decent school + decent personality = Big 4 offer. Especially strategy and MBB. Yes, but after adding a Big 4 to my resume I got like 90% of answers, instead of 10. I would recommend a double major in accounting and MIS and being CPA eligible if possible. Big 4 Mgmt Consulting as a starting spot. According to her, for the amount of hours and work she's putting in (she's putting in at least 52 hours a week), she is earning way too little and instead she feels she should be earning least 5 figures ($10k or more) considering her peers in consulting, engineering and banking. You should expect a slow start for a month or two. If you can get into T15, go to T15. EY audits the majority of the big cap tech companies which limits them. • 1 yr. REALLY easy if you read this sub though. The second is to become an expert in your field and lateral later in your career. The only people winning seem to be the partners at the firm just raking it in…paying us $20/hr or people in India $5/hr and charging the client $250-$300 leaves a lot of room for profit! Indian work culture is also extremely toxic supposedly. IT audit is a good field to be in - typically less hours than core audit and more pay. TBH, I'd probably start in Accenture but kick ass and network my way onto the Strategy team. Not sure if I’ll get into the top schools. Pretty much all 4 are the same, what makes difference are people working at the firms and how the partners treat the subordinates underneath them! Consulting - Bain, BCG and McKinsey Don't be fooled by Deloitte and PWC, they are big four for Tax and audit. EYP and S& <> general big 4 consulting, even though those groups are within big 4. I love the work, and I think I'm decent at it. They even told me that they are close friends with another executive at one of the world’s largest investment banks, and one day that executive told them: “[Big 4 executive’s name], when will you get a real job!”, and they laughed. _pH_. It's exactly as it sounds, helping clients create a strategy for realistic and responsible growth, whether organic or inorganic. The keyword here is "can", good projects tends to be difficult to get into, but if you are great at networking you should be fine. The other path to consider is you Jun 14, 2023 · The compensation is less generous at the Big 4 than it is at McKinsey, BCG and Bain. Pretty sure all the Big 4 firms have their own consulting practices too. Go to big 4 networking events and interact with them. It's more about not being awkward and anti social than it is about gpa. industry/private. Depende talaga sa negotiation. The minimum overall AND major GPA's to even get an interview on campus (let alone an office interview) was 3. Good luck. In my 20's I got a paid intern gig that was completely amazing for the time. Pay cut is possible if you're earning "too much" for Big 4 standard. I don’t know how much big 4 pays after the first year. I think this is some real solid advice, and I wanted your perspectives. You have many learning resources (which are much more limited in industry). Big 4 is not too difficult. If you want to do this within your firm, you should consider making a switch to an offering within Risk that works closely with MC. I think ~3. 3. A week into big4 and don't think I can hack it. 1k-4k difference considering CPA license or any prior experience. It is possible albeit hard. I came from one under Consulting Services - IT Audit and have no related internship experience prior. Most Big Four firms run similar recruitment processes. if you are a normal-ish person - pretty easy. If you're talking about promotion to Senior Associate, it's pretty normal yes, accounting isn’t hard or desirable. Things like FAAS, CMAAS, FDD, etc. You should try to network with the consulting folks during your internship and try to get an interview for the consulting group. Now I work at another company doing client services and…. thirstyrunner • 9 yr. Deloitte’s application process has four stages; an online application form, an “immersive” online assessment that involves “numerical, verbal, and critical reasoning” questions, a job simulation, and a final stage assessment that varies depending Here are my thoughts about Consulting at Big 4: Pros: - The learning is great. I was in industry and specialized in a niche which got me into in Big 4 as a SME consultant. To do it, you need to get an advocate, a Partner or the like, who is willing to make the case that it is in the best interests of the firm to have you switch. Just started in Valuations earlier this month. I'm thinking about applying to Big 4 consulting (Price Waterhouse Coopers, Ernst & Young, KPMG and Deloitte) and I would like…. Big 4 definitely have better brand name but the people and culture at BDO (in my city) seem great. I attend a respectable non-target state school and have a 3. Reply reply. Ask me anything! I've been working in the Accounting Industry at a Big 4 firm for the past 5 years. If "ADI" (Accenture, Deloitte, IBM) recruit at your school, I'd say you have a shot if you are compelling in the interview. Just graduated college so lots to learn, worked really hard for this especially my senior year. Big 4 in India specifically suck dick. e”. I concur with the T30 cut off as a bare minimum for big4 strategy like EY-P, Strategy&, etc. Career. More difficult to obtain = MBB I’d say, but if you can’t get those you could always try for the Big 4 consulting practices. See my original comment, you need to be at MBB or other selective strategy consulting firms. Big 4 ops consulting is easier but also pays half as much for just as much work. 1. it’s not brain dead easy to get, but you’re not competing to get into a top law or consulting firm. Not an uber competitive field. High school student trying to decide on an accounting program vs economics and If you can get into M7, go to M7. PWC does most of my clients tech consulting and I think they are number 2. Just because your accounting professors have been pumping oxygen in the room every time a big 4 is talked about doesn’t mean it’s a great place to work. Exit-ops for Big 4 is generally corporate/industry. Big 3/Big 4 can afford to be picky with who they accept. 4. I've also heard it's a lot to do with networking skills. As the top-3 management consulting firms in the world, McKinsey, BCG and Bain charge clients around twice as much per day as the strategy units of the Big 4. 5%, based on the 304,000 applications it received to its 7,500 roles (including 2,000 entry level ones). If you can get into T25, go to T25. Can someone pls tell me their experience and some questions I have 1- Was it easy to get the gig in the Big 4 consulting - Manager role. It depends on your area. It is possible with a lot of networking, but your best realistic chance if you really want to go Big 4, is to work for a smaller regional firm first for 1-2 years or to do a masters program and then go through Big 4 recruitment. The Big 4 typically do their internship recruitment very early on (first couple weeks of sem1 penultimate) so make sure you 5. Big 4 is great in a sense because you can get on different types of project. 8. Operational or advisory consulting is easier to break into. The term “Big 4”, however, comes from the accounting industry where these four firms dominate the market. I work in the Big 4 and have worked in recruiting within the Big 4. Do some extra curriculars. Award. You wouldn’t be able to just apply for jobs on that Big4’s website; you’d need to go through your school’s career center. Archived post. ago. Starting at a (big 4) consulting is investing a lot in your self development. ~30% take a target MBA then move to IB. I am currently a sophomore in undergrad and I have an internship offer from 3 (KPMG, PwC, Deloitte) of the big 4 all for audit positions. I worked at a consulting firm a tier below Big 4, somehow got put on a lot of healthcare clients, and hated it. You should go to the career fair and stop by each company’s booth. A recent article in The Time exploring the Big Four (and KPMG, especially) revealed that PwC had an acceptance rate in 2022 of approximately 2. What kind of consulting are you talking about? I think this sub tends to only associate consulting with hyper-selective strategy consulting, but that's a relatively small but prestigious part of the consulting industry. JackTwoGuns. Sure you can argue about the many Big 4 that also go onto great MBA programs, but this isn't the norm. “For the sake of consistency spell out KPMG and make it the same size as PY. 8. 4%). 9 GPA with great credentials. Apply early and apply to all 4. riprydah. They do actual work, if not more than audit. Compensations are pretty much the same. Each of these offer internship programs which make up the bulk of their recruitment. For you, the CPA makes some sense but you have other choices. I have my CPA license and want to know what are the chances of breaking into consulting and if I should aim for my firms consulting branch or if one of the top firms are even a possibility. . which all of that you can get in audit. The truth about advisory. No. This is reflected in the compensation that consultants at the two sets of firms can expect to receive. I am thinking of going to a Big 4 consulting - Public sector from a policy role that I currently hold. It's possibly the most high burn type of project. For biomedical engineering, a 3. The partner who did my interview said he could connect me with a partner in M&A if that was my goal. No, tech consulting is implementation, not strategy. MBB would likely require an MBA. Big 4 Deals Advisory (M&A) vs Big 4 Management Consulting. You will get the opportunity to work for many different organisations, collaborate with lots of different team members and clients, etc. Onboarding was inadequate, and the leadership team was unforgiving. Not as an entry level associate. Reach out to the campus recruiters for each firm and tell them you are interested in Technology Consulting. . qualifications for advisory: have a pulse. From what I have found. Feb 7, 2023 · Very hard indeed. Tbh getting into big4 in any team is not too difficult, within a few years if you keep trying. Yeah maybe there's some networking there and some passion but those 3 are the table stakes. 5 years in to move to a non Big 4 consulting firm that has better pay and better hours, with the same exit opportunities I’d have at Big 4. Probably Deloitte. Have a good elevator pitch/answer to "tell me about yourself. 5 is pretty damn good. ”. The hard one is MBB (McKinsey, BCG, Bain). com I did well at college and practiced interviewing for literally 6 months, and finally got into Big 4 consulting. But recently I've realized how much being able to form relationships matters in Consulting. Chill lang yung interview ng manager sakin, tinanong lang kung willing to learn ako hehe I suggest go take your chance. I was there for a little over a year. Share. We give you a step by step break down on each area of recruitment. But tax consulting, imo, prepares you better for management consulting for a few reasons: Better analytical skills. My plan is to graduate with a degree in Finance, Accounting, and Business Analytics, work at one of these firms in their Audit service as a CPA, and ideally get a firm to See full list on consciousbykomal. I know a lot of audit people that want to get into investment banking use ADMIN MOD. If it doesn't work out, there are two post-undergrad paths to consulting. It’s one of the worst out there. Generally, the best path into consulting would be to build up 3-5 years of solid work experience at the minimum at a top firm, do an MBA from a target school, and then break in at the associate level. its a given. Currently just over a year into my job as a big 4 auditor. And KMPG is KPMG. Sure - the next step would maybe be going to strategy as a Manager once you have some experience under your belt. have basic excel skills. Networking is important because it’s not why, but when (I. There are fewer and fewer students choosing accounting as their field of study every year, and even fewer pursuing the CPA. Probably financial risk advisory given your background. I was fired for simultaneously failing two of the final exams in the curriculum despite a nagging medical issue. cf hm mw fu qx av sc ip pk qh