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 Big 4 Recruitment Drive_v2, All things Big 4 + others

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wkang
post Apr 5 2011, 02:17 PM

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QUOTE(CKJMark @ Apr 5 2011, 10:51 AM)
Perhaps the statement is taken out of context.  I believe what is meant is "Don't expect to be treated with kid's gloves when you make mistakes.  And the best way to improve is to take criticism positively."

Perhaps I am old-school but I am inclined to agree with Topace with the fact that the best seniors I have had the opportunity to work with are those that have come through a baptism of fire instead of a protective bubble.
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I think wat was out of context was the word "beating". But I'm sure everyone here has experienced a beating in an audit firm, and it literally can be a beating in every sense of the word.

However, wat others do to you doesn't mean you have to do to others. Everyone can be pissed off at poor work but there is a manner to convey it professionally. I've worked with many managers and seniors and the goods ones are good regardless of whether they were trained by the whip or taken by the hand. Weren't we new joiners once?
wkang
post Aug 24 2011, 04:56 PM

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QUOTE(ranee @ Aug 24 2011, 12:32 AM)
I finished my studies in last year Dec and start work in a small audit firm in this year Feb. Just have my convo this month, and thinking of applying Big Four or other larger size audit firm. My current firm need one month notification if I wish to resign. So, should I apply now or after CNY (would bonus matter?)? Is a must to own transport to work in Big 4 and need to go out to client office alone if I apply fresh graduate job (because i never drive since I get license)? Thanks for any comment or suggestion!!
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I guess there is no harm sending in your CV for consideration but I believe big4 are hiring in batches now, normally beginning and mid year. If you wait for your bonus after CNY to resign, you probably will end up in the mid year batch next year. Meaning almost a whole year before you get in. Effects of this would be i guess the big4 will disregard your working experience with your current firm, so you will join as a fresh grad. So there is no real incentive to stay in terms of valued experience. And if you are able to get in earlier, I guess the higher starting pay of the big4 firms will offset against any bonus you lost out on, so not much lost there.
wkang
post Jul 16 2012, 06:07 PM

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QUOTE(stickynote @ Jul 15 2012, 12:36 AM)
thank you for your reply but from what i read here and close colleagues (those resigned from big 4 and jumped to commercial) they often get better pay which i believe might be many of my own isolated cases. my apologies if my isolated cases do not seem to hold any credit to my reply earlier...and of course if you wanna compare  those working in big 4 and those with experience from that particular line, then you are of course stand very much corrected.

but my POV comes from those that have chosen this path and which are sticking by it. of course, if big 4 companies are not good and nothing beneficial..i wonder why people still wants to join? (and for your to be still staying in big 4 sweat.gif ) no one owes us a living and you would still be working hard after big 4 but then again you will always have a choice to not to and still be earning the same if higher pay. as for new grad, trust me i have my fair share of problematic, lazy and incompetent juniors under me. experienced or fresh grads, all have attitude problems.

and yes, i am from big 4 with audit and tax experience too. there will never be a perfect job with perfect pay but i believe it is not constructive to be complaining here with the negative vibes. i have my fair share of really bad experience and no, i am not banking on the hope but rather i prefer to think on the positive side since i have already chosen to be working in big 4 (or shit hole where most would like to address this place as tongue.gif ). we are both just standing at the extreme opposite end of the ugly truth  rolleyes.gif
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Actually you are not wrong hoping for a better future, at least its better than choosing to stay on but then complain in the thread about how stressed up ppl are about their useless newjoiners and trainees or sh!tty clients and assignments.

The previous comments speak from a more technical point of view. I'm from ex big 4 currently in Finance/accouting line and Big4 auditing experience is Mandatory for applying for most posts in large/overseas MNCs. Even if you only have auditing experience, without working in Big4 automatically disqualifies you from even being interviewed. Further, I believe the experience of handling all the sh!t being thrown at you when working in big4 auditing and the intangibles of just getting the job done is seriously under appreciated. Example, if I can review and clear a high risk file with one of the nastiest partners in the firm (cos my boss dumped/taichied the task to me), I sure as hell can handle the FC/CFO on the review of accounts/results for my list of companies before the announcements which I'm looking at for a whole year.

I also disagree that MNCs cannot pay you competitive salaries compared to audit firms, but then again as you said, maybe my sample is not representative. Anyhow, your effective pay per hour in commercial will beat most of the big4 ppl.
wkang
post Jul 16 2012, 08:37 PM

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QUOTE(Materazzi @ Jul 16 2012, 07:36 PM)
Why big 4 exp are mandatory? U think work in commercial not long?  I hvto work  16hrs per day
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I also not sure, but for a lot of positions including my current one, it was mandatory to have big4 auditing experience.

From my own experience, I guess maybe one reason is because most likely your eventual boss will be from ex-big4 as well. In my case this has always been true, they were always ex big4 either locally or internationally. So therefore they require ppl who are from big4 for the exposure and also probably they want ppl with a similar method/line of thinking. They will require you to at least prepare some ground work or recommend the correct accounting choice, based on your understanding of the accounting standards and the potential audit issues based your previous experience from the big4 accounting firms.

E.g, for an accounting issue/choice, what is the applicable accounting standard and what are the risks associated with each choice. What is management's preference (to increase or defer profit) and will the auditors allow us to get away with this? Probably someone with big4 auditing knowledge will be in a better situation to ensure that the management choice is accepted the big4 auditors, by anticipating what and how the big4 auditors will approach the issue and have a ready solution/explanation for them. Hopefully end up with a win-win situation for all and not a lengthy ICM or agenda in the clearance meeting.

Thanks for the effort Dry Pillow.


wkang
post Jul 16 2012, 09:42 PM

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QUOTE(Materazzi @ Jul 16 2012, 09:38 PM)
So you mean the admin and financial accounting work  only? Because in my company, the controllers are not from big 4. I am the one who liase with auditors(deloitte) and i am not from big 4. My FM was from pwc but dont know why he didnt hire someone from big 4.
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Don't know how else to explain, to each his own. Anyways good luck with your issues on the other thread.

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