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 Big 4 Recruitment Drive_v2, All things Big 4 + others

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Topace111
post Dec 22 2010, 10:24 AM

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QUOTE(animangacraze @ Dec 22 2010, 01:13 AM)
i thought peak used to be Jan-March, now April included? ><

on the other hand, anyone got free stuff from client before because of stocktake? tongue.gif
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Obsolete stock I guess.
Normally its deep discount or vouchers lo.
crystal26
post Dec 22 2010, 10:29 AM

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Hello everyone!
I am a fresh grad and received offers from these 3 firms as an audit associate.
Basically, all firms give the almost identical starting pay, employee benefits and etc.

But im in dilemma on which offer should I accept.
Any advise on which firm to choose and the reason for it?

Thanks in advance!
eXPeri3nc3
post Dec 22 2010, 10:37 AM

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PwC. Wins hands down.
eXPeri3nc3
post Dec 22 2010, 10:39 AM

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Lol dayumn all Financial Auditors here tongue.gif
TSThanatosSwiftfire
post Dec 22 2010, 11:49 AM

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Hahaha hard pressed to find an IT advisory dude like urself here tongue.gif Not all of us know about the kinds of things u do tongue.gif
2ukaori
post Dec 22 2010, 01:05 PM

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can anybody tell me,except big 4,other medium firm or big 5 got sponsor for acca part 2 student anot?
SUSMaterazzi
post Dec 22 2010, 01:40 PM

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QUOTE(Itu_Dia_Man @ Dec 19 2010, 07:48 PM)
Get Chinaman company, then sure whole week off for their staff  icon_rolleyes.gif

Bless all those who got stocktakes on Christmas and New Year days
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yup stock take until 2 am..haha..
taxman
post Dec 22 2010, 04:13 PM

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horward hv sponsor but bond 3 year
lavender27
post Dec 23 2010, 07:53 PM

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probably how long did they review the Cv , today i juz send the cv to PWC...If successful , is it interview is a must.. Any people have some good suggestion how to do well in interview?

This post has been edited by lavender27: Dec 23 2010, 07:54 PM
Itu_Dia_Man
post Dec 24 2010, 04:38 PM

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Just heard that EY planning to introduce peak allowance and got salary revision. Previously, dun think got such allowance....anyone know how long they are planning to give such allowance?
TSThanatosSwiftfire
post Dec 24 2010, 06:20 PM

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QUOTE(Itu_Dia_Man @ Dec 24 2010, 04:38 PM)
Just heard that EY planning to introduce peak allowance and got salary revision. Previously, dun think got such allowance....anyone know how long they are planning to give such allowance?
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wow =D
mercury8400
post Dec 24 2010, 08:23 PM

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I cannot understand why all the accounting graduate flock to join the big 4 then complain after 2 years that there is no worklife balance. I mean isn't it implied that you will have no worklife balance and treated slightly better than a mule if you joined the big 4 for at least in the 1st 5 years of your career? I'm sorry to say this but if you could not stand the hours then don't go to a big 4. Join the commercial sector. The pay may be crap at first but there is a career prospects (unless you want to be a partner in the big 4). Pay in big 4 is good but when you finally decided you have enough of late nights, many take drastic pay cut to join the commercial sector.
Sesshoumaru
post Dec 24 2010, 08:52 PM

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Many DON'T take drastic pay cuts or pay cuts at all, unless they were itchy and joined something not related to finance.

To those who are just looking for a job with pays well and surprisngly linear enough, become a manager in b4 then move to a finance role (M, FCs, Internal Audit etc.). Pay cuts will be extremely rare barring the fact the person has bad nego skills. Most gets a decent pay rise instead.This is a faster method then just staying in the organisation itself in the back-office trying to move up.

It is when you try to move to the front-line roles from external audit, that's where the paycut comes in.

This post has been edited by Sesshoumaru: Dec 24 2010, 08:53 PM
mercury8400
post Dec 24 2010, 08:59 PM

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QUOTE(Sesshoumaru @ Dec 24 2010, 08:52 PM)
Many DON'T take drastic pay cuts or pay cuts at all, unless they were itchy and joined something not related to finance.

To those who are just looking for a job with pays well and surprisngly linear enough, become a manager in b4 then move to a finance role (M, FCs, Internal Audit etc.). Pay cuts will be extremely rare barring the fact the person has bad nego skills. Most gets a decent pay rise instead.This is a faster method then just staying in the organisation itself in the back-office trying to move up.

It is when you try to move to the front-line roles from external audit, that's where the paycut comes in.
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Aside from internal audit most companies are reluctant to hire Audit Managers with a pay rise or even on par for FM positions and above because audit managers have no hands-on experience in actually doing the AP/AR/GL, month end closing, management reporting, etc. Auditing and doing the accounts is 2 different thing unless they are willing to join as accountant(i.e. lower rank) in most MNC
Sesshoumaru
post Dec 24 2010, 09:07 PM

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QUOTE(mercury8400 @ Dec 24 2010, 08:59 PM)
Aside from internal audit most companies are reluctant to hire Audit Managers with a pay rise or even on par for FM positions and above because audit managers have no hands-on experience in actually doing the AP/AR/GL, month end closing, management reporting, etc. Auditing and doing the accounts is 2 different thing unless they are willing to join as accountant(i.e. lower rank) in most MNC
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They may or may not be reluctant, but in the end if the auditor is any smart he'll get the job with a payrise. All my colleagues left with a good payrise. At the very least, it is just matching salaries because these companies know that offering a paycut is never the solution. The auditor will just reject it.

If you tell me that even when moving to commercial, you get a paycut, then the whole point of slugging it out in the audit firms is not justified.

Here are some examples of people I know personally who made to the following positions when moving.

M-> M in Internal Audit, local anchor bank.
SM -> GM finance in a foreign bank.
M -> SM finance, local anchor bank.

This post has been edited by Sesshoumaru: Dec 24 2010, 09:08 PM
mercury8400
post Dec 24 2010, 09:09 PM

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Dude, Banks are different breed altogether. I'm formely from a bank and we have nuclear scientist and mechanical engineeris in various functions in a bank. Waht i meant is the commercial world. i.e. accountigna and finance for names like microsoft, apple, etc
Sesshoumaru
post Dec 24 2010, 09:17 PM

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QUOTE(mercury8400 @ Dec 24 2010, 09:09 PM)
Dude, Banks are different breed altogether. I'm formely from a bank and we have nuclear scientist and mechanical engineeris in various functions in a bank. Waht i meant is the commercial world. i.e. accountigna and finance for names like microsoft, apple, etc
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Banking is also commercial. But I understand you are taking it from that point of view. I highly doubt you are wrong again, but I can't back it up firmly yeah =). Anyone who played their cards right wouldn't be taking drastic paycuts, or even minor paycuts anyhow.
SUSMaterazzi
post Dec 25 2010, 10:37 AM

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stock taking today haha...
Topace111
post Dec 25 2010, 11:13 PM

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QUOTE(Itu_Dia_Man @ Dec 24 2010, 04:38 PM)
Just heard that EY planning to introduce peak allowance and got salary revision. Previously, dun think got such allowance....anyone know how long they are planning to give such allowance?
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Peak allowance not really sure but reason could be they anticipate lots of people leaving on 2011, so its for those that chose to remain. Salary revision only affect juniors I heard. Technically I rather have more eligibility of my annual leave claim than the allowance. Manager book staff like there is no tomorrow. Sigh....


Added on December 25, 2010, 11:19 pm
QUOTE(mercury8400 @ Dec 24 2010, 08:23 PM)
I cannot understand why all the accounting graduate flock to join the big 4 then complain after 2 years that there is no worklife balance. I mean isn't it implied that you will have no worklife balance and treated slightly better than a mule if you joined the big 4 for at least in the 1st 5 years of your career? I'm sorry to say this but if you could not stand the hours then don't go to a big 4. Join the commercial sector. The pay may be crap at first but there is a career prospects (unless you want to be a partner in the big 4). Pay in big 4 is good but when you finally decided you have enough of late nights, many take drastic pay cut to join the commercial sector.
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Even within big4, there is different layers one. Some dept or team suffered more than the others especially dealing with additional stuffs like tight deadline reporting, "problematic" clients, "tight" partner/manager,......etc. Not to mention for additional work like IPO, M&A, special purpose, liquidation,......etc. Big4 many fanboys will say its a place where they train you not only for free, they pay as well. But can you stomach it ? Egoistic asians will most likely say with a big YES.

Oh big4 does not pay well for salary / hour ratio. Even worse than McDonald workers.

This post has been edited by Topace111: Dec 25 2010, 11:19 PM
allornothing
post Dec 25 2010, 11:31 PM

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With the entry level positions self fulfilling and if it is only for juniors, I really don't see why there needs to be a revision.
Of course, it would be better with it. I'm not surprised on what you said about the salary/hour ratio, my cousin is in there.

How was EY's annual dinner? KLCC is pretty nice. Don't think anywhere else is better..


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