Big 4 culture reddit

I am a senior accounting student. It is an entry-level consultant position. Accenture gave me limited time to decide whether to accept the offer or not. Since I am graduating in December and I was an intern for one of the big 4 accounting firm, I am very likely to get an full-time offer from the big 4 firm, and the position is based in the U. My plan is going to graduate school in the U. S most likely MBA program after working full-time for several years and develop my career here in the U.

So I cannot decide which way to go at this time. Because except for the potential big 4 accounting position, it is possible for me to find other full-time jobs in the consulting field can't get in top-tiers, but possibly boutique consulting firms. Will people in the U. Or Should I negotiate to just get an internship in Accenture and keep looking for jobs in the U.

Here the distinction is made between accounting and consulting practices at big 4 and Accenture. Couple things that I don't agree with here.

big 4 culture reddit

That's so untrue. Also, as you move the ladder in Big 4 and in Industry, you tend to work more hours.

What is the BEST Big 4 Firm to Work at? (Deloitte vs. KPMG vs. PWC vs. Ernst & Young)

This is very unlikely. You will need to be on the upper tier of ratings, and know a partner or two who wants you in Advisory. My take is, if you want to do consulting, go with a Consulting position. If you don't know what you want, then flip a coin. When you compare Deloitte and Accenture you have to take into account where within you are working and where in the world you are working.

Consulting companies are not like a Fortune manufacturing company. They are disjointed trees of partnerships. Deloitte may have an aerospace practice in their Seattle office that is better than any MBB aerospace practice in the world. But that doesn't mean that working in their Oracle implementation practice in the Cincinnati office carries the same prestige.

To me your question at this point is much more basic than prestige and brands. Do you want to do accounting?It is the backbone of all the big 4 accounting firms, but no one really talks about it in the media. It affects everything that you do in the big 4 accounting firms.

It affects your ratings, the way you work, the way partners work and the way other people in your group see you. What is utilization. You might be asking what other kind of hours are there in big 4 accounting other than clients hours.

Hahahahaha welcome to the big 4. So many of your hours will actually be non client related because that is what the big 4 accounting firms are actually all about.

They are about internal politics, billing clients and meeting regulators guidelines. You know that per firm guidelines you have to bill all of it, but common sense says the client is not going to understand why you spent 40 hours preparing an engagement letter.

When in reality it took your team so long to prepare the SOW, because everybody had to have comments on it. If you start out just at the staff level. The senior an hour to review.

big 4 culture reddit

The manager a half hour. Then it goes to the senior manager to review.

My Experience at a Big Four Firm vs. a Regional Firm

Then it hits the partner. Then it makes its way back up the chain. Then you forward that to the senior manager on the audit team to review before it goes to the audit partner. That person has comments. Then you start back at the associate in advisory or tax. You can see how this deteriorates very quickly.

The people that complete their work the fastest are punished with more work. The reason this happens is because they complete their work in the least amount of time. If they consistently incurred less time while meeting all their project demands they would have way less client hours than their peers.

The Big 4 Accounting Firms

Therefore, they have to go out and seek more work in order to meet their utilization goals. They should be rewarded with more time off and other incentives so that the best and the brightest stay at the big 4. By default the worst people stay at the big 4. The best and the brightest get burnt out.The big 4 accounting firms have to deal with large accounting scandals every year.

There are different categories of scandals involving the big 4. Some of the general categories are below. These typically involve in investors suing the big 4 accounting firms.

The investors typically allege that they relied on the financial statements of the big 4 client that the big 4 said were good.

big 4 culture reddit

Ethical scandals — this involves big 4 professionals doing unethical things in the workplace including terrible things like sexual harassment. Other things that fall into this category are things like paying women and diverse people less. The Carillion scandal for KPMG was one of the largest scandals of if not the biggest audit scandal.

Carillion was one of the largest construction companies in the UK before they went under. They experienced financial issues in and went into bankruptcy in early Work found to be unacceptable according to UK watchdog in June as a result of their Carillion Audit.

The gupta family was a family involved in political corruption in south Africa. KPMG was their auditors and was obviously conflicted because the partners on the account were very closely tied with the gupta family. KPMG faced many negative side effects as a result of their association with the scandal. They were investigated by the south African charted accountant organization.

Barclays Africa was one of these clients. VBS Bank audit — vbs bank was placed under curatorship in Not only did they not spot the fraud, but they turned out to not be independent from the bank.

KPMG should have also reported accounting irregularities but they did not. Some of these investors were in the U. This was a case where the U. KPMG has said that they do not have the working papers. After a huge write down by GE in relating to long term care insurance liabilities, investors called for a change of auditors. Grenfell tower was a large building in London, UK, where a large fire occurred in KPMG stepped down from that in january They stepped down due to a conflice of interest with a contractor that provided flammable material that may have caused the fire.

They provided auditing services to Celotex which was the company that provided the potentially flammable material that was used in Grenfell tower. Deloitte was the auditor of Steinhoff.

Steinhoff encountered financial troubles. Steinhoff investors sued deloitte in Steinhoff audit issues were found by Deloitte in Decmeber of Investigations started in February Deloitte also got involved in the Carillion bankruptcy.

They made over 10 million dollars off of Carillion over the years that Carillion was not performing well from a financial perspective, and they were called out for it. They failed to uncover errors by Taylor Bean.As a junior or senior in college getting ready for the real world, you are exposed to many recruiters, on campus interviewers, and professors who give you advice about how to start your professional career.

My school, Temple University, primarily encouraged us to explore the Big Four firms, which led to my interviews with two of the Big Four. I interned in audit with one of the firms during the summer after my junior year and ultimately accepted a full-time audit position, starting the September after I graduated.

As an intern, the job was great. With happy hours, the opportunity to meet great friends, an all-expenses paid trip to Disney World to celebrate the completion of the internship, and finally getting a full-time job offer, life was great!

However, my experience once I began my full-time job the following September was slightly different. At first I thought I would go right into industry as a senior accountant or financial analyst, but I realized I wanted exposure to other industries and to learn more.

So, I applied for a role at Kreischer Miller. From my first day, I realized that Kreischer Miller puts their people first and stresses a work-life balance.

My biggest fears about joining a new firm were about the work and the people. However, I soon learned that for the most part, the work was quite similar. And my colleagues were just as great. A year later, here is my take on the similarities and differences between working at a Big Four firm versus a regional firm like Kreischer Miller.

Remember to do your research on the firm, interview well, and no matter where you work, work hard! Looking for Something Search Looking for Something Core Services. Tax Strategies. Business Advisory. Technology Solutions. Human Capital Resources. Specialty Areas. Family-Owned Businesses. Transition Advisory Services. Outsourced Accounting Services. Employee Benefit Plans. Entrepreneurial Services. Financial Due Diligence. Cyber Security Services. Revenue Recognition. Resources for Accounting Firms.

big 4 culture reddit

Real Estate. Media Services. Investment Industry. Government Contracting. Professional Services. Senior Living. Who We Are. Working With Us.Join him tomorrow at 3pm ET as he answers questions about why he applied to the Ivies. From community college to online programs. Check out our directory of virtual campus tours we know about right now.

Check out our exclusive directory of extended deadlines we know about right now. October edited October in Business Major. So I hear alot of people say pick the firm which culture suits you. Can anyone with industry experience talk about the differences in corporate culture between the 4 firms.

Maybe what you like about what company, or why you dont. All answers will be greatly appreciated and I am sure will help me as well as other people. October edited October Post edited by ysssuhi on October Replies to: Culture difference between the big 4.

October No one gives a damn about work culture if they get a job offer. Dawgie replies 2 threads Senior Member. GamBino replies 3 threads Junior Member. It's a good company, very friendly to employees. KPMG is typically the worst, but whatever. They all lead to the same crap anyway, so just go with who audits the biggest clients in the city you're in. PWC's rep is being more buttoned up and stodgy than the rest. KPMG is under a cloud because of their complicity with various questionable tax haven strategies.

Maybe its a bad idea to be associated with them if you are tax I think that's more a problem for their tax planning lawyers though, which I'm assuming you you aren't. MightyNick replies 34 threads Senior Member.

I'm going by what street prestige is like bro. Deloitte is quite good too because of its consulting practice, and KPMG is on its way down.I recently decided to go into the big 4 audit for a few years, get my MBA, and hopefully transition to consulting.

The problem is I don't know which Big 4 firm to work for as far as audit division goes and probably even overall as a company whole! While our users shared comparisons between the firms below - they all stressed the culture of the firm, group, and location are what matter the most as in the end, all Big 4 firm largely carry the same level of prestige. You should spend time networking with and visiting the groups in the locations that you are looking to work for.

I'm in my 4th year at my Big 4, and seriously, the people you work with make ALL the difference. Try asking Big 4 employees at networking events what they like most about their firm, and most will probably say "the people. Audit is terrible for getting into consulting. Try advisory if you fail getting into a pure consulting shop. A company's culture varies office from office. Once again this varies from city to city. Deloitte I would avoid, unless you are just going for the brand name.

EY and KPMG are more of the laid back types and have more easy going cultures compared to the others. PwC is good too but they work you to the ground, but like the previous poster said, it depends on the people you meet and the particular city office you will be working in. With that being said, you really can't go wrong with any of them.

I would personally base your decision on the people you meet and the office culture and then make your decision. People from the outside world generally don't give a shit which Big 4 Firm you worked for, since it's all Big 4. User Higheck shared another perspective:. I think you are probably better off not trying to base your decision off of general "culture" of the firms. As some people have mentioned it varies greatly from office to office.

First decide what location you are targeting; from there you can figure out which firm will give you the best opportunity to pursue whatever path interests you most. I don't have any knowledge of the big 4 in the south but as far as NY and the greater NE area, I believe Deloitte and PWC generally dominate in terms of reputation and they have a lot of F and public company clients. Land at an elite consulting firm with the most comprehensive case interview prep in the world. Consulting Case Interview Prep.

TBH they're all pretty much the same. If you have offers from multiple companies I would avoid KPMG on a culture-basis but they have better financial services clients.

But at the end of the day, no1 gives a fuck ur still an auditor. Its like comparing a 2. Not gonna impress anyone. And dude if you really wanna know which company to join, why dont u go meet the people actually instead of asking advice on an online forum?

The Big 4 have like network events to lure kids in. In my location, EY is regarded as nice but disorganized, PwC the sweat shop, Deloitte the most stuffiest people you will ever meet, and KPMG as the extroverted party firm. I too almost made my decision on who to work for based on what everyone says in these forums, but it was completely opposite of the stereotypes you mentioned once I got to meet the people and tour the firms.

I dont have any knowledge of the big 4 in the south but as far as NY and the greater NE area, I believe Deloitte and PWC generally dominate in terms of reputation and they have a lot of F and public company clients. I think you need to reevaluate you career path. Both should be attainable in your current situation. Going into a job like audit with hopes of getting into a top mba unlikely btw makes no sense at all.The Reemergence of the Big Four in Law.

Navigating a Brave New World. Life in the Big Four. Innovative Lawyers of Thinking Outside the Box. Regulating a Changing Profession. And, to a large extent, they generally know what they are getting into when they join a firm. However, law firm life is a relatively known quantity for the majority of lawyers. Much less is known about the life outside of law firms and other traditional areas of legal employment, such as in-house legal departments. As David B. This raises the important question, What is it really like to work for them?

Below we explore the work culture of the major accounting firms—and whether they will be increasingly attractive places for lawyers from around the world to work. The big accounting firms, which now describe themselves as professional services firms, have been recruiting lawyers for years. And they continue to do so at a high rate. We recruit right out of university. We recruit people with two or three years of experience.

We recruit experienced partners. We recruit the entire range of people. On one end of the spectrum, Tod notes that a central aspect of his job was convincing would-be lateral hires that joining the firm would be a smart and prosperous career move—after all, many top recruits were partners at major law firms earning hefty salaries and enjoying the highest levels of prestige.

Tod says that he typically would make two big selling points as to why a lawyer should join Deloitte:. It is a sophisticated, goal-setting, evaluation and compensation system, which is arguably less draconian than in many law firms. Second, we are all about our clients. A place like Deloitte gives you that platform. Lawrence Larry Kocot was one of those partners who made the switch from a law firm to an audit, tax, and advisory firm.

He had also held high-level positions in government and was a fellow at the Brookings Institution. He was at the top of his game. Talking about why he took the position, Kocot mentions both the substance as well as the people. Moreover, everyone I met was someone I wanted to work with. Tod notes that Deloitte hires across the board. One of the main value-add propositions of the Big Four is their holistic, client-based service setup and their ability to offer globally integrated business solutions.

David B.


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