Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Big 4 Recruitment Drive_v2, All things Big 4 + others

views
     
alwayshappy
post Jun 8 2014, 08:52 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(randomusername @ Jun 3 2014, 10:46 PM)
Not that it really matters, but just thought of adding this. I don't know where you got your info from, but i'm pretty sure there IS senior in the Big4 advisory, definitely not just associate and assistant manager. Seniors are usually called Consultant for your info.
Big4's pay are fairly standard across the departments, with sometimes advisory getting probably 1-200 bucks more than their assurance counterpart. If you are coming from assurance background and applying to big4 associate or senior associate position in advisory, you should already have a fair idea the range of the salary based on the position you are hiring to. Otherwise, it just simply show you never do your research much, big4's salary range below managers are quite an open secret.
*
The title convention for advisory varies across Big 4. Yes it's true there's no 'senior' in PwC Advisory, there are only associate and assistant manager below manager level. In EY, there are associate and senior associate, and there isn't assistant manager. In Deloitte, seniors are called 'Consultants'.

It is definitely not true that the pay in Big 4 is standard across the departments. The pay in Advisory is always higher compared to the Audit/ Tax counterparts. The difference is not just 100-200 bucks, but rather more than 500 bucks. And even for the same rank (assistant manager) in the same company, the pay varies quite considerably too (depends on your performance/ background).
alwayshappy
post Jul 21 2014, 10:44 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(bub @ Jul 17 2014, 08:19 PM)
Any one has worked at a big four as an  associate at the age of 29 while pursuing ICAEW qualification?
*
An associate at the age of 29 is indeed very old at a big 4. People around this age are usually at manager level already.
alwayshappy
post Aug 21 2014, 12:15 AM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(devil86 @ Aug 14 2014, 02:41 PM)
I'm not the how many rank does a Senior Associate have in EY, Anyone here can share the salary range of a first level Senior Associate in EY?
*
For Audit and Tax, there are Senior 1 and Senior 2, followed by Supervisor. After that, it's manager.

For Advisory and Transaction Advisory, there are Senior 1, Senior 2 and Senior 3 (equivalent to Supervisor, just different naming convention). After Senior 3, it's manager.

The salary range for Senior 1 can be quite large as the pay depends on your experience (experienced hire) or performance (internal promotion). S1 usually gets 4k++.
alwayshappy
post Sep 6 2014, 05:35 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(HLmilk99 @ Sep 5 2014, 06:56 PM)
Hi, I am in the confusion in choosing which company to start my career path. I got both offer from PwC and EY. Any advice in term of employee benefit, friendliness, working environment and etc.... Thank you.
*
For friendliness and working environment, it really depends which line of service/ department/ project you are in. Both PwC and EY are too big that there are both friendly and nasty people in there.

In terms of benefits, since you have received offers from both companies, wouldn't you be able to tell from the employment letter?

IMHO, the most important thing to consider in kicking start your career is to choose the one that you are most interested in. If you receive the exactly same offer (e.g. audit in financial services, indirect tax etc.), then just choose the one that pays higher (which is usually PwC).
alwayshappy
post Oct 31 2014, 10:19 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(keiiiii @ Oct 31 2014, 08:22 PM)
Hi,

I am currently in a dilemma and would really appreciate it if I could get some advice. A few weeks back I applied to PwC and EY for auditing, and PwC told me that they are only hiring for December which is why the assessment took place only recently. At the same time EY already called me for an interview and gave me a job offer really quickly. Because I did not know whether I could get into PwC, I accepted EY's job offer first. Now however, I have managed to get into the last stage of interview with PwC and might very well be getting a job offer from them too. However, I am starting work at EY next week.

Should I just stay in EY and don't go to the interview? Or should I go over to PwC if given the chance? I feel bad leaving EY just after working a few weeks there. Will I get blacklisted or something from them if I would want to work there again in the future?

Also, what are the differences between working at PwC and EY? Any pros and cons? I have heard that PwC is no.1 in Malaysia and is a lot harder to get in which is why I it was my first choice of firm to work at in the first place. How much do PwC pay fresh graduates by the way? EY is currently paying RM2950.

Thank you!
*
Sounds like you prefer PwC over EY.

Since you do not know whether you will get into PwC, it is reasonable for you to start work at EY. However if your preference has always been PwC, you should start work at EY and take leave to go for the interview in PwC. If you get the offer, then leave EY and join PwC. Since you will only be at your probation period, usually you just need 7 days notice or so to resign. If you resign it formally and not just no-show, then they won't blacklist you.
alwayshappy
post Nov 1 2014, 12:11 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(keiiiii @ Oct 31 2014, 10:55 PM)
Thanks for the reply. Yes, I do prefer PwC over EY but only for the 'name' because it seems to be more prestigious to get into PwC rather than EY from what I've heard from people. I was wondering how true is this. Also, another thing I've heard is that EY's culture is very friendly and PwC's can be a little snobbish. Well, I guess what I'm trying to say is that I'm trying to find out whats the difference between working for these two firms.  smile.gif
*
The percentage of foreign graduates in PwC is higher than that of EY as PwC is known to be more keen towards foreign grads. That is probably where the prestige comes from.


alwayshappy
post Dec 14 2014, 12:21 AM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(fcuk90 @ Dec 12 2014, 11:06 PM)
Client wise , in Malaysia . the rank will be like this :

Delloite < KPMG < EY < PWC .

correct me if im wrong.
*
In terms of client base in Malaysia, the ranking is right.

PwC audits the most top companies listed in Bursa while EY has the most number of clients (but has a lot of smaller companies).

In the banking sector, PwC audits 6 out of the 8 largest local banks and EY grabs the other two (M and A). The majority of the foreign banks, e.g. H, C, S are KPMG's clients.

Deloitte, although being the largest among the big 4 in terms of worldwide revenue, has in indeed the smallest presence here in Malaysia, to that extent that the other three firms would not even regard it as a competitor.
alwayshappy
post Mar 14 2015, 08:22 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(Justin Wong @ Mar 13 2015, 11:54 PM)
I dunno which firm you are going to work for but I have a feeling it might be EY. Irrelevant anyways.

I do not know what you should expect specifically but I suspect you will be helping in some of the Programme Management Office (PMO) work. Essentially, it is a helping big clients to monitor their strategy / change implementation work by keeping track of meetings that needs to be conducted, follow up with process owners.. etc. It can be administrative but the upside is you will see how strategy work is being implemented at the ground level. As a junior, your role is to.. well, take minutes of meetings, call-up process owners or send them emails, and help drafting reports for periodical meetings. Keep an open mind about these menial work as it can be an avenue to see the process.

If you are lucky, you may get to help out in jobs that helps clients to develop strategic roadmap - i.e., helping clients to identify what they should be doing in 5 years time. As a junior, again, you are pretty much doing menial stuffs that includes helping to create presentation slides, conduct researches on the internet and at best, interviewing key stakeholders in the company to obtain their view. The senior member of the team usually are the ones who will provide the ideas for the presentation slides.

During downtimes, you will be requested to help out in drafting proposals - again, creating slides / presentation decks to sell services to potential clients. Again, as junior, you will take instructions from senior people in the team to amend the slides, conduct researches, and running around getting CVs from different people in the company. etc.

This is just a glimpse of the typical consulting work I have seen and it can be more than that.

Hope that helps, and please have fun with it!
*
What you described is more applicable to junior permanent staff (Associates and Senior Associates) but not interns. Realistically speaking, the jobs for interns are even more menial than that 90% of the time. Interns are most likely asked to perform admin work (i.e. photocopying and filing of documents), schedule meetings (i.e. check the availability of key attendees and find a suitable meeting room), sanitise documents and conduct formatting work on slides. It is quite unlikely that interns will be tasked to work on the contents of the work. As such, taking meeting minutes and sending emails to clients are usually out of the scope of interns. Associates will usually do these jobs instead as interns will not be asked to interact with clients.

Well, just don't put too much hope that you will be able to work/ learn a lot as an intern. What you can pick up the most from internship is your soft skills but not really on the industry knowledge.
alwayshappy
post Apr 4 2015, 05:04 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(Than55 @ Apr 3 2015, 11:38 PM)
I am looking for an opportunity to join Advisory firm too happy.gif EY passed my resume for higher ups to check after the phone interview and now i am waiting for the result. I rejected PWC (i regretted that decision until now) because i have accepted a job in a small firm which ended up ditching me unprofessionally. KPMG and Delloite advisory no open position so didnt apply sad.gif
*
Frankly speaking, it's not a good time to join EY now as you will have just missed the cutoff line for annual performance review. Their annual progression or probation is in October every year. So if you join now, you will stay in the same rank for about 18 months before progressing/ promoting to the next rank. Other big 4s have two performance reviews per year so you don't have to wait for too long if you are good enough to be promoted
alwayshappy
post May 12 2015, 06:11 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(LordReaper @ May 12 2015, 05:51 PM)
hello, do big4 consider fresh graduate for advisory department?
or taking CFA exam while doing auditor in big4 then request for a transfer from audit depart to advisory(corporate finance)?
- does it weird for a auditor to take CFA but not ACCA ?
thanks for enlighten me..
*
Big 4 definitely takes in fresh graduate for advisory, but it is harder to join advisory compared to audit.

To climb up the auditing service line, you must take accounting professional paper. But if you want to take CFA for your future career switch, it is more than ok to do so.

alwayshappy
post Aug 26 2015, 07:43 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(pflame90 @ Aug 26 2015, 11:28 AM)
Will Big 4 employ foreigner and provide visa to them? because my gf is from china and now studying degree in accounting and finance at Malaysia.
*
Big 4 in Malaysia generally do not hire foreign fresh grad because of the visa issue. With so many local students with accounting and finance degree around, why would they bother to hire a foreigner which will bring so much extra work for them (visa requirement)?

If you are an experienced hire with hot skills that they seek, then it's different story.
alwayshappy
post Sep 20 2015, 11:50 PM

Getting Started
**
Junior Member
189 posts

Joined: Dec 2007
QUOTE(rockstarlive2 @ Sep 20 2015, 02:19 PM)
Anyone got tips on the big 4 advisory/ strategy arms in Malaysia? Do they take fresh grads?
*
Big 4 Advisory accepts fresh grads, but they tend to prefer overseas grads with good grades and excellent command of English.

Advisory starting pay will be higher than tax and audit.

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0573sec    0.25    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 08:43 AM