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 Big 4 Recruitment Drive

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Cruiser
post Jun 26 2009, 06:23 PM

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helo thanatos.

Can i just ask, what do you mean by a gap in the review hierarchy?
ThanatosSwiftfire
post Jun 26 2009, 06:48 PM

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okay, let's say 2009 they stopped hiring associates.

This is a normal engagement's review structure :
Partner -> Manager/SM -> Senior (2-4 exp) -> Associate (0-1 year exp)

Say if it so happens like above, 2009 they stopped taking in associates altogether, what happens is, 2 years downt he road

In 2011, Since associates on average takes 2 years to move up to senior, and they didn't bring in any associates in 2009, thus they won't have any internally promoted seniors.

When that happens, a lot of the newer associates that they brought in 2011 will be going on smaller assignmnets with no guidance. Managers, will be swamped, since they have to try to coach the associatse by the phone (which is not as effective as face to face) and utlimately we'll have a horrible mess as everything is done wrong.

Most seniors leave once they hit the 3 year mark, (due to ACCA, CPA etc), and even mroe leave by 4 years, so whoever that stays won't be able to handle that many jobs and associates at the same time.

They need to bring in associates every year to keep the senior : associate ratio at an appropriate one, otherwise..

-


bpk16
post Jun 27 2009, 12:01 AM

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is everyone required to take the same tests regardless of the position applied, like IT for example? (kpmg)
Garfie
post Jun 27 2009, 12:33 AM

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QUOTE(ThanatosSwiftfire @ Jun 26 2009, 06:20 PM)
Fact 1.
Audit firms CANNOT stop hiring. The moment they stop, there will be a gap in the review hierarchy, and that is bad for the firm.

Fact 2.
Good or bad times, people leave audit. Why? It's just too.. shall I say it, inhuman.

Fact 3.
Bad times means more people stay, as they can't find alternative work. Also, bad times means budget and cash runs lower.That will mean HR have to hire less. However, due to Fact 1 and Fact 2, they still have to hire. (for continuity and succession planning)

Fact 4.
In bad times, audit is the only consistent firm that still hires. THerefore, it may seem like the audit firms h ave stopped hiring, but what in fact actually happens, is that,
i) More applicants (as a result of the growing popularity of audit as a career to young, clueless and hopeful accounting students)
ii) Retrenched staff trying out audit
iii) Previously resigned auditors going back to it because they can't find other jobs since resigning.

As a result of Facts 1-2, they will still hire.
But as a result of Facts 3 and 4, recruitment criteria is much more stringent.

Thus, to the common, average performing student, it would seem as if hiring have ceased.
*
but I'm just an average student....not some world prize winner woh...
how to find job la liddat...?

doh.gif
Sesshoumaru
post Jun 27 2009, 01:44 AM

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QUOTE(Garfie @ Jun 27 2009, 12:33 AM)
but I'm just an average student....not some world prize winner woh...
how to find job la liddat...?

doh.gif
*
Walau superstar associate being so humble.
ThanatosSwiftfire
post Jun 27 2009, 08:40 AM

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QUOTE(Garfie @ Jun 27 2009, 12:33 AM)
but I'm just an average student....not some world prize winner woh...
how to find job la liddat...?

doh.gif
*
Walau superstar associate being so humble. QFT
Garfie
post Jun 27 2009, 12:43 PM

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QUOTE(Sesshoumaru @ Jun 27 2009, 01:44 AM)
Walau superstar associate being so humble.
*
QUOTE(ThanatosSwiftfire @ Jun 27 2009, 08:40 AM)
Walau superstar associate being so humble. QFT
*
sweat.gif
joann-k
post Jun 29 2009, 01:01 PM

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just wondering...
is banking & finance major a must to associate with accounting major to work in accounting industry?
or only accounting major will be sufficient?
mary51
post Jun 29 2009, 03:43 PM

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QUOTE(Isaaru @ Jun 25 2009, 11:13 PM)
Yup, for Audit team M.... I was shocked at the results too, never expected to do so well..

Prior to the face to face interview, the staff who was there wispered to me said I did very well... I thought it was about 80+ never expected the results that way.... LOL... I wished there was a picture taken when the Interviewer broke the news to me....
*
erm, yeah, even i am ex-vt there also have to wait for the vacancy, as at the moment all have been fully filled. between, IMO, the department is the worst 1, tongue.gif .haha.i guess all staff in KPMG, know about this.haha. don't say i tell you,haha.


Added on June 29, 2009, 3:48 pm
QUOTE(edith @ Jun 26 2009, 12:36 PM)
why they called u up for interview when they don even have a vacancy ?
*
haha,all Big 4 do like this 1. they wana KIV first, when there is vacancy ,then they can straight take the candidates. i guess and all my friends said so also ,haha


Added on July 3, 2009, 4:49 pmI got an offer from a medium firm in JLN IPOH lately. 2k+ the salary, it seems good, and i would like to join also. however, my parents said the place looks dangerous, as the street is dark at night, and all malays, if i OT , then it really dangerous. some more my friend's dad said the place will full with those drug addicts at night..... rclxub.gif Hence, looks like i force to reject the job.sigh. dunu wat to do already......

This post has been edited by mary51: Jul 3 2009, 04:49 PM
Sesshoumaru
post Jul 5 2009, 10:55 PM

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QUOTE(joann-k @ Jun 29 2009, 01:01 PM)
just wondering...
is banking & finance major a must to associate with accounting major to work in accounting industry?
or only accounting major will be sufficient?
*
Just an accounting major will do.
jacktai
post Jul 6 2009, 10:46 AM

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I heard some rumor that, those ACCA graduated from Sunway University College who go for big four will have more advantage then those from other colleges, and with higher starting salary for RM100-150 then other ACCA graduates.

Not sure whether is true. Hope anyone can verify this situation.
ThanatosSwiftfire
post Jul 6 2009, 11:08 AM

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QUOTE(jacktai @ Jul 6 2009, 10:46 AM)
I heard some rumor that, those ACCA graduated from Sunway University College who go for big four will have more advantage then those from other colleges, and with higher starting salary for RM100-150 then other ACCA graduates.

Not sure whether is true. Hope anyone can verify this situation.
*
Actually, it's ANY ACCA graduate will get a higher starting salary.
Reason : Big 4 usually finances the studies of it's new joiners (aka degree grads to take up either CPA, ACCA, MICPA, ICAEW, ICAA etc), and in doing so, also grant these degree holders STUDY LEAVE.

Graduates WITH ACCA =

a)No study costs for the firm.
b)No study leave (about 2-3 months a year, when you include the unpaid leaves, and also ICAEW students), therefore they can slave themselves for the firm during the peak period when everyone else vanishes into studyland..

Conclusion. Slightly higher salary, BUT hugely more work. Good luck guys tongue.gif

This post has been edited by ThanatosSwiftfire: Jul 6 2009, 11:08 AM
jacktai
post Jul 6 2009, 11:20 AM

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Anyway, I heard that is Sunway ACCA is getting higher then those other college ACCA. Yes is slightly higher, but still an advantage. This is not comparing to ACCA to degree courses.

Of course there is a huge gap between ACCA and degree course, it can be seen by their knowledge and understanding. ACCA really go into depth of the subject, and intend candidate to know in & out of that particular subject.

BTW I'm a Sunway ACCA Student as well.
ThanatosSwiftfire
post Jul 6 2009, 01:22 PM

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QUOTE(jacktai @ Jul 6 2009, 11:20 AM)
Anyway, I heard that is Sunway ACCA is getting higher then those other college ACCA. Yes is slightly higher, but still an advantage. This is not comparing to ACCA to degree courses.

Of course there is a huge gap between ACCA and degree course, it can be seen by their knowledge and understanding. ACCA really go into depth of the subject, and intend candidate to know in & out of that particular subject.

BTW I'm a Sunway ACCA Student as well.
*
What you heard, sadly, is not true.

On ur gap and depth of understanding, actually, no. When it comes to real work, we're the same as degree ppl.
jacktai
post Jul 6 2009, 02:09 PM

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QUOTE(ThanatosSwiftfire @ Jul 6 2009, 02:22 PM)
What you heard, sadly, is not true.

On ur gap and depth of understanding, actually, no. When it comes to real work, we're the same as degree ppl.
*
But for Big Four, they still appreciate ACCA as giving higher salary. Currently I'm not in Audit line, but I know most audit staff will go for ACCA, and in commercial line, taking ACCA are on your own, some may have increment and promotion once you graduated ACCA.
My Co. only give 2 day exam leave per annual. That is the worst part, but when come to job load, of course commercial will be more relax then those auditor need to work till 11pm-3am daily. Its you get what you work.
shirroe
post Jul 6 2009, 02:28 PM

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As i know, many big comercial firm sponsored their staff pursued ACCA. even Sime Solutuion Centre part of Sime Darby sponsored staff to pursuing ACCA fees around 70-75 percent. It depend on the comercial company itself
jacktai
post Jul 6 2009, 02:44 PM

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Yes, it really depend on the size and the HR management, as most listed firm will have to contribute certain training cost to employee. But sure got their T & C, like bond for 3-4 years to the Co.

Anyway seem my Co. as a Chinaman Business style, won't really appreciate. Although it was quite a big group, with nearly 1k employee for the group.
Raymond_ACCA
post Jul 6 2009, 10:41 PM

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Hi, anyone mind sharing what is the jump from AA2 to AA1 between big4s? I heard KPMG is only RM200. @@
limshenghong
post Jul 7 2009, 12:37 AM

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QUOTE(mary51 @ Jun 29 2009, 03:43 PM)
erm, yeah, even i am ex-vt there also have to wait for the vacancy, as at the moment all have been fully filled. between, IMO, the department is the worst 1,  tongue.gif .haha.i guess all staff in KPMG, know about this.haha. don't say i tell you,haha.


Added on June 29, 2009, 3:48 pm
haha,all Big 4 do like this 1. they wana KIV first, when there is vacancy ,then they can straight take the candidates. i guess and all my friends said so also ,haha


Added on July 3, 2009, 4:49 pmI got an offer from a medium firm in JLN IPOH lately. 2k+ the salary, it seems good, and i would like to join also. however, my parents said the place looks dangerous, as the street is dark at night, and all malays, if i OT , then it really dangerous. some more my friend's dad said the place will full with those drug addicts at night..... rclxub.gif Hence, looks like i force to reject the job.sigh. dunu wat to do already......
*
i Agree da KIV Part~
toffeeman
post Jul 7 2009, 12:37 AM

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Hi, I am new here....would appreciate very much what are the perceptions vis a vis PwC, KPMG, EY and Deloitte among the graduate community here in Malaysia.

Interested to know.......... tongue.gif

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