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 Big 4 Recruitment Drive

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peter_pj
post Oct 9 2008, 02:03 PM

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I know that in PwC, you need to have either a degree or ACCA to join as a new associate - starting salary RM2,600+.

However, they don't usually encourage those who are still pursuing their ACCA to join, but on rare occasion that they take in, you will enter as a tax assistant - salary around RM1,500+.

note: salary numbers there are pre-July 2008 adjustments made in PwC.

The actual work that you do would be as a tax assistant is the same as an associate so I personally feel that it's no point entering PwC and getting chicken feed for the same responsibilities.

I am not sure about the other Big 4's. So others, kindly update on his query.
jae
post Oct 9 2008, 02:22 PM

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Hey guys, I have some questions here, hoping to get some information from the people here.

I have recently (around 2 weeks ago) submitted my applications for internship in December, either directly to HR (EY, Deloitte) or through their online application submission (KPMG). However, till now I have yet to receive any reply from them at all, so I was just wondering is this their normal time period taken to process applications and reply especially for interns, or rather it's a sign that I'm not likely to be selected for the job?

Another question is if the department that I'm applying to has no more vacancy (I'm applying for Transaction Advisory/Financial Advisory), would they automatically consider me for Audit?

FYI, I have attached all required transcripts & certificates scanned complete with cover letter and resume when I submitted those applications, so there shouldn't be any documents that I left out.

Any information would be greatly appreciated.
icecolddamncold
post Oct 9 2008, 02:46 PM

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QUOTE(peter_pj @ Oct 9 2008, 02:03 PM)
I know that in PwC, you need to have either a degree or ACCA to join as a new associate - starting salary RM2,600+.

However, they don't usually encourage those who are still pursuing their ACCA to join, but on rare occasion that they take in, you will enter as a tax assistant - salary around RM1,500+.

note: salary numbers there are pre-July 2008 adjustments made in PwC.

The actual work that you do would be as a tax assistant is the same as an associate so I personally feel that it's no point entering PwC and getting chicken feed for the same responsibilities.

I am not sure about the other Big 4's. So others, kindly update on his query.
*
thanks for the advise smile.gif i would deeply consider that.
hmphh, by the way is it that in most situations they'll allocate u to the tax department? or any other department such as external audit upon request?
if as for other working field with salary of rm1500 that would be quite pleasant tongue.gif
any other ppl out there who can provide me with more detailed info?
appreciate a lot for it!

one more thing, since the working is so tense in the big 4, any small-medium size accounting firm to recommend best for an OBU degree student to gain sufficient experience & furthermore enhance knowledge in ACCA part 3 studies?

anyone who can double confirm the market rate of an OBU degree working either in the big 4 or any other accounting firms?
syncsync88
post Oct 9 2008, 03:42 PM

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Hi there, I am wondering if Deloitte or KPMG a better place to work?
Deloitte offers me audit associate post, salary RM2400
KPMG just called to offer me an interview next week, I turned them down because I will start working on the same day should I accept the deloitte offer.
I'm abit regret now as I feel I should go to the KPMG interview to explore the opportunity.

How much does KPMG pay for the same post normally?

rvp
post Oct 9 2008, 04:17 PM

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QUOTE(peter_pj @ Oct 9 2008, 02:03 PM)
I know that in PwC, you need to have either a degree or ACCA to join as a new associate - starting salary RM2,600+.

However, they don't usually encourage those who are still pursuing their ACCA to join, but on rare occasion that they take in, you will enter as a tax assistant - salary around RM1,500+.

note: salary numbers there are pre-July 2008 adjustments made in PwC.

The actual work that you do would be as a tax assistant is the same as an associate so I personally feel that it's no point entering PwC and getting chicken feed for the same responsibilities.

I am not sure about the other Big 4's. So others, kindly update on his query.
*
there is so much difference between having acca n not having acca...even if one is left with 1 paper?
ThanatosSwiftfire
post Oct 9 2008, 07:46 PM

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Degree gets 2400+70, (obu is considered a degree, so i do know ppl who apply only on OBU)

BBCT = Basic Business & Corporate Tax?
1st experience is now 3 weeks btw. XD


rvp
post Oct 9 2008, 08:14 PM

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QUOTE(ThanatosSwiftfire @ Oct 9 2008, 07:46 PM)
Degree gets 2400+70, (obu is considered a degree, so i do know ppl who apply only on OBU)

BBCT = Basic Business & Corporate Tax?
1st experience is now 3 weeks btw. XD
*
erm...how bout acca finalists(such as those who r left with 1 or 2 subs)?
ThanatosSwiftfire
post Oct 9 2008, 08:39 PM

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sadly, if u're an acca finalist but NO degree, u get the intern's pay.
rvp
post Oct 9 2008, 09:31 PM

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QUOTE(ThanatosSwiftfire @ Oct 9 2008, 08:39 PM)
sadly, if u're an acca finalist but NO degree, u get the intern's pay.
*
intern's pay? how much is dat?
ThanatosSwiftfire
post Oct 9 2008, 09:38 PM

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600 or 800, not too sure. nvr asked
karkiv111
post Oct 9 2008, 09:49 PM

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QUOTE(peter_pj @ Oct 9 2008, 11:11 AM)
Yes, Big 4 will accept OBU graduates.

I believe the salary of OBU graduate, which is similar to any other university graduate with a degree, and ACCA graduate should be the same. Can anyone else confirm this?

Finally, its up to you really. If you think you can handle the working hours and style in a Big 4 and still continue to concentrate on your studies, then go for the Big 4. But based on my experience, I find that a lot of people who are still doing their professional papers seem to be more "committed/interested" in their work than in their studies, until they even skip classes and don't study consistently. But I would qualify this to say that its because of the person, and not the firm.
*
Its true that a lot of ppl in Big 4 spend a lot more of their time in their work than in their studies... but it aint coz they're more committed/interested in their work.... many times its coz they dont have a choice but to clear off their work first .. which never really happens coz the work will still keep flowing to you if you;ve got superiors who dont really care and try to squeeze you dry a bit before you leave for your study break and all .. this generally would not happen if u happen to have an understanding manager .. which would lead to a more calm and understanding senior on the job as well ..

So, part of it boils down to luck as well .. u could be wishing to concentrate on your studies as much as u want to .. but there are just times you cannot leave ur work as u risk putting urself in bad light and risk promotion in the near future , ur manager being unhappy with u .. etc ...and after all those months of shit you;ve gone thru .. are u ready to risk it just like that ?

And .. while some of these cases can be handled with the usual remedies ... like better time management and all that .. there are also cases where its not up to your time management but your superiors' .. how much can you do if say , your superiors are passing work to u at the last minute ? Having said the above ... it might not always be the superiors' fault as well .. as they have their own pressures .. SOOO .... end of the day .. just hope u r lucky enuff to escape such nightmares

prancingHORSE
post Oct 9 2008, 09:52 PM

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QUOTE(ThanatosSwiftfire @ Oct 9 2008, 09:38 PM)
600 or 800, not too sure. nvr asked
*
I last read it's 800 at KPMG.
peter_pj
post Oct 9 2008, 11:43 PM

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QUOTE(ThanatosSwiftfire @ Oct 9 2008, 07:46 PM)
Degree gets 2400+70, (obu is considered a degree, so i do know ppl who apply only on OBU)

BBCT = Basic Business & Corporate Tax?
1st experience is now 3 weeks btw. XD
*
Ya, that's right....ah, happy memories of my babysitting course.
Wow, 3 weeks charged to internal codes. That's going to do wonders on your chargeability since training codes are restricted to 5%.

QUOTE(ThanatosSwiftfire @ Oct 9 2008, 08:39 PM)
sadly, if u're an acca finalist but NO degree, u get the intern's pay.
*
Not sure about audit, but in tax, ACCA finalist or diploma holders may join as tax assistants where their salary is RM1,500 to RM1,800 (or something like that). But like I mentioned, your job description, and stress of course, is the same as an associate.

QUOTE(rvp @ Oct 9 2008, 09:31 PM)
intern's pay? how much is dat?
*
QUOTE(ThanatosSwiftfire @ Oct 9 2008, 09:38 PM)
600 or 800, not too sure. nvr asked
*
QUOTE(prancingHORSE @ Oct 9 2008, 09:52 PM)
I last read it's 800 at KPMG.
*
Yup, EY interns that joined in September and October are getting RM800 as well.

Btw, if there is anyone here (with some minimal audit/tax experience preferred) that are interested in tax advisory work, do drop me a line as I know of some vacancies.
tohff7
post Oct 10 2008, 01:43 AM

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QUOTE(jae @ Oct 9 2008, 02:22 PM)
Hey guys, I have some questions here, hoping to get some information from the people here.

I have recently (around 2 weeks ago) submitted my applications for internship in December, either directly to HR (EY, Deloitte) or through their online application submission (KPMG). However, till now I have yet to receive any reply from them at all, so I was just wondering is this their normal time period taken to process applications and reply especially for interns, or rather it's a sign that I'm not likely to be selected for the job?

Another question is if the department that I'm applying to has no more vacancy (I'm applying for Transaction Advisory/Financial Advisory), would they automatically consider me for Audit?

FYI, I have attached all required transcripts & certificates scanned complete with cover letter and resume when I submitted those applications, so there shouldn't be any documents that I left out.

Any information would be greatly appreciated.
*
EY HR will call you and offer u to intern in Audit if they can't take you into Transaction Advisory (very limited vacancies). PwC never replied. Didn't apply for KPMG or Deloitte before, so i don't know. Just wait and don't worry. They usually don't reply so soon cause there is no any interview required. At most, they will call you and ask you for some details only. It's not unusual for them to call you 1-2 weeks just before your internship starts
icecolddamncold
post Oct 10 2008, 06:26 AM

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QUOTE(ThanatosSwiftfire @ Oct 9 2008, 07:46 PM)
Degree gets 2400+70, (obu is considered a degree, so i do know ppl who apply only on OBU)

BBCT = Basic Business & Corporate Tax?
1st experience is now 3 weeks btw. XD
*
hi there, nice to hear from u.
btw, is there any difference in terms of salary when u get a 1st class honour degree n 2nd class upper as well as 2nd class lower?
peter_pj
post Oct 10 2008, 02:27 PM

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Why the 'addiction' over salary difference?

Seriously, as a freshie, you ought to be more interested in gaining your practical and real life knowledge that will be beneficial in the long-term. And at the same time be happy at what you are doing.

I doubt if there would be any difference in salaries between the various classes. The only one's who would have a slightly higher salary would be prize winner's I guess...and within 1 year later, your salary would be based on your actual performance no matter if you are 1st class honours or honour-less.
bluecathaze
post Oct 10 2008, 03:51 PM

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hi all. im a newbie but have been reading this forum for a long time.. hehe
i am an acca affiliate. if i work as a tax associate, after 3 years will they increase my salary as an acca member or not? my friend in ey told me they won't, only for audit. is it true?
peter_pj
post Oct 10 2008, 04:09 PM

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Past:-
PwC used to have an adjustment in your salary when you obtain your full professional membership. However, their salary was usually (from my experience, quite significantly) lesser compared to EY and KPMG.

Now:-
PwC has adjusted all staff salary to match the market-rate, i.e. they no longer have professional pay adjustments. Which is better for the staff as you now earn your full salary from the start instead of loosing out a few hundred every month compared to their competitors. I used to complain to PwC HR about this a lot in fact.

Note on qualifications within Tax only:-
EY Tax does not require their staff to have professional qualifications to get a promotion. In PwC, you are 'encouraged' to have a professional qualification to be promoted from AM above.

In addition, PwC also requires you to complete the Toastmasters course (10 speeches to be presented) in order to be promoted. So lets say if you join as an associate, you can only be promoted to senior. To become AM, you need to be complete Toastmasters and obtain your qualifications. Similiarly, if you join as a Senior, you can only promote 1 level to AM. To go above that, you need to complete the Toastmasters course.
bluecathaze
post Oct 10 2008, 04:17 PM

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QUOTE(peter_pj @ Oct 10 2008, 04:09 PM)
Past:-
PwC used to have an adjustment in your salary when you obtain your full professional membership. However, their salary was usually (from my experience, quite significantly) lesser compared to EY and KPMG.

Now:-
PwC has adjusted all staff salary to match the market-rate, i.e. they no longer have professional pay adjustments. Which is better for the staff as you now earn your full salary from the start instead of loosing out a few hundred every month compared to their competitors. I used to complain to PwC HR about this a lot in fact.

Note on qualifications within Tax only:-
EY Tax does not require their staff to have professional qualifications to get a promotion. In PwC, you are 'encouraged' to have a professional qualification to be promoted from AM above.

In addition, PwC also requires you to complete the Toastmasters course (10 speeches to be presented) in order to be promoted. So lets say if you join as an associate, you can only be promoted to senior. To become AM, you need to be complete Toastmasters and obtain your qualifications. Similiarly, if you join as a Senior, you can only promote 1 level to AM. To go above that, you need to complete the Toastmasters course.
*
hoh like that aa.. tq peter biggrin.gif
icecolddamncold
post Oct 10 2008, 05:47 PM

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QUOTE(peter_pj @ Oct 10 2008, 02:27 PM)
Why the 'addiction' over salary difference?

Seriously, as a freshie, you ought to be more interested in gaining your practical and real life knowledge that will be beneficial in the long-term. And at the same time be happy at what you are doing.

I doubt if there would be any difference in salaries between the various classes. The only one's who would have a slightly higher salary would be prize winner's I guess...and within 1 year later, your salary would be based on your actual performance no matter if you are 1st class honours or honour-less.
*
just trying to get in hand how's the market out there. plus if the salary is descent enough to support myself on studies i might consider goin in after i'd done my degree. if not i would just continue my life as a full time student after i completed acca to fully concentrate, although family's condition is tight for the moment. and kinda pushing me to work while supporting myself.
guess rm2400 for a freshie degree is considered good and have the advantage over working experience rite? in the mean time i would be able to go through some pratical training too..that's great smile.gif
so PwC, KPMG, EY or Deloitte? which do u recommend?


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