Anyone knows when does the Big 4 usually hire people?

Seriously, is Big 4 a name of a company?

What's business or industry the companny into?

Are u referring to the big 4 accounting firms?

Haha

Yeah

Big 4 -->
1) KPMG
2) Deloitte
3) KPMG
4) Ernst & Young

U mention KPMG twice?

This post has been edited by spie: Sep 21 2006, 04:12 PM

left out accenture

Correction:-

Big 4 -->
1) EY (Ernst & Young)
2) PWC (PriceWaterhouseCoopers)
3) KPMG
4) Deloitte

This post has been edited by brianloo: Sep 21 2006, 04:29 PM

KPMG so big they take 2 out of 4 places, boy! What's KPMG btw, I'm IT

Kampung Pandan Management Gang?

no peeps. its
1) Ernst & Young
2) PriceWaterhouseCoopers
3) KPMG
4) Deloitte

are you an IT grad looking for job in these companies? PM me if you're interested.

This post has been edited by viper_1129: Sep 21 2006, 04:35 PM

Are you meaning,

EY, PWC, KPMG and Deloitte?

EY: Usually right after CNY but they dont advertise the job recruitment except for fresh grads

PWC: Also the same. But snr mgmt post and oversea post they will post time to time

KPMG: Check every 3 months once Saturday Star

Deloitte: Check every 3 to 4 months once.


Easier, just call any of the Big 4. Dont wait for the advertisement.

rite...dont wait for the advertisement...normally for fresh grad, they will have recruitment throughout the year. just try your luck and send your application... who knows they will call u up!

Pay wise: May want to avoid Deloitte if you are fresh grads. Unless you willing to get less from what the rest Big 3 are paying. But difference is only RM 200 to 300 differences.

u sure deloitte paying less about 200 or 300 than other big 3?? if im not mistaken, deloitte KL also paying about rm2.1k or rm2.2k for fresh grad...i dunno whether there is any adjustment this year. and i know other big 4 also around that price??nop?? or other big 3 already adjust to rm2.3-2.4k??

They are always recruiting, but looking only for cream of the crops... those with good grades or good experience. Starting pay can be above 3k for freshies.

you sure can be above 3k for freshies???

but u wil nid to work very very long hours everyday...n during peak period u wil nid to suffer even longer working hour til midnite or next morning everyday...

That bad huh? Does this apply to the IT personnel too?

Yeah, i wanna know too.

Yes especially for big MNC firms.. IT bigwigs also do so but you really work your butt out. There is nothing you can say holiday or break on the weekend until your work or the work is done. When you expect to get RM 3K for your first pay-cut, you need to understand, the money they pay you means you take in more responsibilities. Whether you can take those reponsibilities or not, they actually don't care how you manage it, all they care is you don't screw up.

^ can get 3K in first pay-cut, geng

mitodna

i can assure you this is a myth... does not happen to everyone.. probably only certain ppl would need to do this... probably 5% of the entire staff of any big4 mentioned above...

I can absolutely assure you on this. I work in 2 big4 companies before

er... cis.. my bad...y did i mention kpmg twice? keke....

Anywayz... last week there's an advertisement on THE Star Saturday from EY.... Last Saturday.. there's an ad from PWC from The Star...

For PwC - intake is 12 months a year, so apply as soon as you can

For IT grads with accounting minor - You can try for the IT auditor position.. SPA (Systems Process Auditor) in PwC

I'm not sure about the other big 4, but the starting pay ranges from RM2.1k - 2.2k for normal auditor (those with Masters degree freshie are paid higher) while SPA auditors gets paid slightly higher.. about RM2.3k

And about that dispeling the myth on working late nights.. cktwai, come on... i agree with you that it doesn't happen to everyone, but you got that 5% on the wrong side. 95% of auditors has at least once worked pass midnight before. But this only happens during peak periods. The larger the company you audit, the longer the working hours as more sections and responsibilities are given out.

Large companies - Listed in KLSE, financial institutions, MNC

OF course, if you were to audit a medium sized or smaller firm, you'd be going home much earlier than the rest of the population.

Think the most intensive and stressful of the lot, is Accenture. They love high profile tasks, presentations, documentations, late nights, weekends, etc.

Their pay supposedly the highest too.

Agreed! although it is not one of the big 4 though, and also not auditing.. Accenture used to be Arthur Andersen consulting arm... AA dimakan oleh EY di...

How much is the salary for freshies ar? Heard it's RM4k...once confirmed staff, salary is much much higher. Anyone can confirm?

hahaha... maybe coz you're in PWC or EY ? hehehehe

It's 3.5k for fresh grads...

3.5K for freshies ? Thats alot.

Are you referring to Accenture or what?

If I am not wrong, in Malaysia it should be

1) PriceWaterhouseCoopers
2) Ernst & Young
3) KPMG
4) Deloitte

Accenture is not an accounting firm.

There is another thread in this section on the pay. It has changed already recently.

Agreed, and globally, PwC is still the tops..

Globally:
1) PricewaterhouseCoopers
2) Deloitte
3) KPMG
4) Ernst & Young

(dunno whether KP or EY 3rd)

i'm IT grad, can say im a freshie (grad in May & previous working experience is 6 months internship and abt 5 months with a small IT company), i didn't work with the big 4 but my current organization pays me abt RM 3k +, so yeah depending on skills,personality and qualifications, fresh grads can get good pay .

But Accenture results are quite koyak. Now most of its client end users complain that Accenture buat kerja syiok themselves only and end users all died miserably. Waste their budget for nothing concrete. Pay high, result koyak.

wat u mean "koyak"??? and if thy all "koyak" where thy get their business frm?

oh, then it is a outsourcing company only ?

i dun think those with masters degree are paid higher.. i know a colleague of mine who got masters still get paid the same as everyone else.. about spa.. i dunno.. i think same also la.. but SPA is boringgggg

i've work passed midnight before. even until morning.. even 2 sleepless night LOL.. that's just right after 1 month i worked.. and it's still happening.. midnights are normal to me now.. feel so lifeless.. and it's not even peak..


hmmm.. untrue, i have friends in KPMG who works late also.. deloitte, no comments,

i would rank big 4 in malaysia as

1)PwC
2)EY
3)KMPG
4)BDO

LOL.. where is deloitte? jz jk

its already like this la

1)pwc
2)ey
3)kpmg
4)deloitte
5) BDO..

there is a talk in TBS(taylors business school) 9 onwards go cause pwc and ey hr will be there submit yr resume to thm

Ha ha! I think last year alot of Deloitte seniors have left for Shanghai/Beijing jobs with higher salaries or 'migrated' to PwC KL... heard that Deloitte KL can be quite 'chinaman' when it comes to directors and partners...

you'll be suprise my friend if you knew the true story... just coz Deloitte is ranked 4th doesn't mean the perks and salaries as lower than the rest..

I don doubt that Deloitte at times pay higher than the rest.. I have ex-Deloitte fwens in PwC that can confirm that.. Further more deloitte pays a handsome overtime and when accumulated, wah lau, like bonus on its own... It's just that the workload.... among the four... Deloitte is the worst, muahahaha (but of coz, if u are senior in deloitte, then u won't do much field work as compared to the others, more on reviewing sections..)

true,, i dunno what is deloitte pay.. but i doubt that the pay is higher than what BDO offer.. maybe just on par.. plus, i think Deloitte audit department is working like a medium firm.. good recognition (big 4 firm), but lots of things to learn.. not industry segregated etc.. and more companies to approach.. due to smaller clients..

This post has been edited by hikari: Oct 1 2006, 06:11 PM

HI Everyone.

I noticed that nowadays Big4 not just hire purely Acc. Auditor only, I noticed they do hire IT ppl - IT Governance and Control, IT / Technology Risk Management and so on apart from IT Auditor itself.

Im a IT grads and I believed some of you might be the same.

Do that position required them to work till overnite or drag to weekends as some may described for Auditor jobs; but I noticed the jobs scope is different.

Besides, how abt the wages? Do anyone know whether it's higher or lower compare to traditional Auditing stuff jobs?

Appreciate for any comments.

yeah i wish to know more about them too

Just curious to know that whether Big 4 will only hire those distinction students?

recently, i've been chosen to go for an internship.. there are a lot of audit firm screening for each of the resume.. n' to my suprise.. i've been selected by one of the big 4 though i only get merit during my diploma..

i got 2 friends who have been selected by the same firm.. but they grades were superb good.. both of them were distinction students..

can anyone enlighten me?

thanks in advance..

This post has been edited by mashilee: Dec 8 2006, 12:21 PM

i just want to know more, izzit without pure accounting cert or qualification can apply job at Big 4? Does it need ACCA, CPA or those related to accounting? i just want to know more thanks

As long as u r fresh graduate on degree in accounting u can apply for that..they do concern abt our results but there will be also a chance for those "not distinction" student for interview..i think we dun necessarily hav 2 took cpa , acca etc..before we apply for the job..we can take it while we r workin there..they might be sponsor us also..mayb is a good starting point for fresh grad..the recruitment is goin throughout the whole year..can apply online or go to those career fair..

Because accounting degree doesn't mean a pure accounting stream, if really want to become accountant need to take ACCA, i just want to be sure weather without any pure accounting degree or cert can enter Big 4?

To be honest, the working hours depends on the project you are on. If the client is nice or if the project was planned properly with enough man-power and man days, you wouldn't need to work like a dog. But if it was set up with high expectations and low man-power, you would need to work non-stop.

anyone went through the interview in any Big 4?
if yes, mind to share the experience?

Can someone tell me how to go to KPMG KL using public transport

I see some of the people's posts here and it seems that there are a lot of rumours that you all hear about the Big4s....

I'm currently working in a Big4 right now and I have worked for more than 1 Big4 before.

For TRUE and ACCURATE information about working life in Big4, what to expect and so forth, PM me with your questions.

Please do not ask generic questions and ask specific questions...

Just to kick start your thought on Big4s... they generally offer these type of services:-

1. Financial Audit - these are external auditors that go round auditing ppl's accounts
2. Internal Audit - does work for Internal Audit departments of companies. Some companies lack expertise in doing IA work so they outsource it to the Big4s. SOX audits generally fall here as well.
3. IT Audit - does IT Auditing of IT operations and IT systems that support the financial system.
4. Risk Management - can be IT or overall risk management of a company.
5. Tax - this is all about taxes and forming new companies
6. Financial Advisory - can be transaction advisory, fraud investigation, business consulting and etc.
7. Support Services - you may work in technical departments of Big4s, finance department or even the IT Department.

Generally the Big4s offer the above types of job/career fields...

I think what a lot of people hear about the Big4s is pretty much NOT TRUE!

yes...not neccessary take professional papers. They do encourage, but u can take when u are while working. I know Deloitte does sponsor for ACCA for total amount up to RM8k , which EY does not sponsor for ACCA.

can anyone list down the transport available to reach the location for these Big4? thanks

if u are asking about melaka, i can say always by car . hahaha...
jk..jk...

Anyone working in Big 4 Melaka? I heard their requirement to enter is very very very high.. AT LEAST a second upper for a degree holder.. Hmm.. is that true ah??

-.-" cktwai would be a good person to answer your questions but for an insight on current situation of IT Audit in EY do feel free to ask me.

actually all Big 4's no matter where's minimum requirement is 2nd upper or average credit.

What say you regarding freshies but do have auditing experience as well?

i think its high depend on your interview performance also. Dont forget, u are assessed by your tests also. erm...about your question that big 4 melaka requirement is very very very high....haha...i guess its the same as KL la...

Can u tell me more about the entrance Test in EY?
Thanks

PM-ed you.

Well, for those of you who are interested, PwC currently is split into three main lines of services; Assurance, Advisory and Tax.

Assurance is the audit arm of PwC, with a large client base ranging from Telekom to Maxis, Genting to CIMB, Shell to Esso. The Assurance practice is split according to industry, namely Financial Services (for banks and insurance companies), EUMI (for energy, utilities, mining, telcos), CIPS (for consumer industry products) and MMG (for small to middle-sized companies).

The requirement for fresh grads, simple put is for them to have at least a second class upper and good results in SPM to illustrate a history of academic achievement. But of course, results are just to pre-requisites. The potential candidate must also be an all-rounder, active in extra-curricular activities with achievements in sports being a bonus. The interview will gauge a candidates maturity and attitude, and is very stringent in the sense that they are required to sit for aptitude test which will result in a detailed profile of the candidate.

For Advisory, the practice is split into three main areas; Performance Improvement, Crisis Management and Transactions. Performance Improvement mainly deals in process type work, ranging from corporate governance, risk management, business process improvements, process transformation, human resource advisory, Sarbanes-Oxley and dispute analysis and investigations.

Crisis Management work mainly deals with business recovery, i.e. receiverships, liquidations, financial and debt restructuring, business reviews, divestment advisory.

And the Transactions is split into two main areas: Corporate Finance and Transaction Services. Corporate Finance's range of services include business planning, economic feasibility studies, structuring privatisation proposals and public-private partnerships, M&A, project financing, funding and capital structuring, divestments, business and asset valuations, financial modelling & analysis, and independent advisory. Transactions mainly do due diligence and deal structuring work.

The requirement for Advisory can be more stringent than Assurance or Tax as the recruitment is focused on experienced hires. However, fresh graduates are also recruited from time to time (but not in large numbers as in Assurance). For fresh graduates, the requirement is also 2nd class upper and above from reputable universities. The acceptable degrees would be of course in Finance, Accounting, Engineering, Business and Actuarial. The interview process differs from unit to unit, but expect to sit through a few short exams and case studies. The focus of the interview is to assess the candidate's thought process and ability to handle certain situations.

And of course, once you pass the interviews, be it in Assurance, Advisory or Tax, it's just the beginning. For Assurance especially, the nature of the work can be demanding at times, but that goes with the territory with working with one of the Big Four. The hours will range from time to time, depending on project and of course the famous peak seasons (usually from January till early March). The work itself is challenging, but to be the best, you have to work for it of course. The training and support is top notch, and as many people will tell you, Assurance is a good stepping stone if you would like to launch a career in Finance. However, please be come in prepared, too many new joiners come in expecting something else and won't last the distance.

wah good summary of pwc.. u working in pwc?

btw, u forgot the split in the industry in cips.. now there're CIPS n CIPS PLAS..

Forgot about that one. Yeah, am currently attached with PwC.

where is PwC?

auditor, those vulture eyes that come our company annually to dig for error/mistake. i belief the turnover rate for this industry is quite high as eversince my 4yrs in current company KPMG assign different group of people to audit our account.

currently at wisma sime darby on jalan raja laut...but the firm is planning to move to kl sentral in the near future

nope, this is the mentality that malaysians have.. auditor r not hired to help u do ur accounts, clean up ur mess/error, dig errors etc.. we r here to ensure that ur accounts are fairly stated.. just happens in the way of doing our job, we found errors.. malaysians clients are always like this.. "nvm , dun care.. acounts wrong alredy ask auditor to fix it", "oh wrong already? what do we need to adjust?", "dunno how to do accounts n disclose la.. ask auditor to do it la..." .. clients nv improve always make the same mistake bcos they know the auditors will find out the mistakes for them

malaysian clients are inefficient and do not give a damn, yet hate the auditors because they themselves do not have the proficiency to do what they r doing...


[disclaimer]the above statement does not apply to all malaysian clients [/disclaimer]

which means more jam, and higher parking rates LOL

OMG KevinLeng!!!

it's your uncle here

so good to see ppl sharing information here...

I think ppl working in Big4s should stick together and compare notes...

We need to tell the management what are the good things we know about other Big4s so that they'll constantly increase the benefits....

I think if you were to join the Big 4 today as opposed to a few years ago, you'd find that many things have improved. Sure the hours are long, but that's to be expected. Any top tier consulting or MNC will entail you to work long hours, that goes with the territory of joining the big boys.

The key thing here is that there has been an effort in the last two years or so to improve the quality of work life. Work-life balance may still be out of reach, but steps have been made in the right direction.

Nowadays, as an audit associate, comp time is allowable. Basic salary packages have improved to be more competitive. You have things like ex-gratia and early bonus payments to keep those spirits up. You also have more considerate and thoughtful approach to work by your mentors and supervisors, which is always a big plus especially for those who have experienced those dark times in the old days of audit.

I think, especially in PwC, the Leadership Team has shown that they are aware of the push and pull factors and are making a considerable effort to make changes for the better.

The only unsolved riddle is how to achieve that elusive work-life balance, the fabled holy grail of auditing/consulting. But really, the answer is that any large firm can never achieve that. The thing is to judge for yourselves whether the hardwork and effort put in has a pay-off for your careers at the end of the day, and whether you can cope with it. If not, than surely there are other lines of work out there that is more suitable.

you sound like a real champion for PwC ... not that I'm disagreeing

well, it ain't a too shabby place to work at, for now at least

how long have u been working there? in assurance, advisory or tax?

wah... so much talked about Pwc....
i wish i can join one of them 1 day... in future...

which to join?

n what industry to join?

so many questions is playing around my mind,...

i agreed with you...
the client will always call and ask client on how to deal with the account...just take short cut and ask auditor...
some even accept any adjustment you passed without questioning you why
some will ask and ask you why and sometimes they not willing to make adjustment..

and 1 more, how ur derived the figures 1..............
then u have to show them the breakdown.....

been working for a few years in advisory...r u in the firm as well?

wahhh so many pwc ppl here - any managers around? Hehe. By the conversations here I can tell that none of you guys are from FS - most likely EUMI and CIPS

Lemme elaborate further then on Financial Services (audit). Roughly divided into three - Banking, Insurance and DLL (dan lain-lain - including fund and investment management). Specialisation into these three branches are rare for new joiners - only when you are into the second and third year would you be segregated. There's little you can do once you are designated into Banking or Insurance - so my advice is to speak to Managers from your desired line of choice and ask to be booked on their jobs (that is if you are not alredy booked).

Travelling to PwC
To go to PwC via LRT - STAR LRT alight at Sultan Ismail station - walk accross the road using the overhead bridge (which ppl seldom use these days) - Wisma Sime Darby or WSD is the corner building on your front left.

There's lots of parking behind WSD if you're travelling by car.

hi, yup!.. less than a year in assurance..


haha yup EUMI i am.. i put FS as my last preference during my interview because i knew bout this "specialisation" thinghy.. not my cup of tea hehe..

btw, it's no point having the lrt station so near to office.. always have to go client etc.. hardly stay in office.. i think i'm only back in office twice or thrice a month at most (if there's no training).. kinda sad..

Still on PwC..
agreed.. although generally most of the FS clients are within the Golden Triangle - there are some clients in Labuan (offshore banks) and there's possibilities of being sent out for branch visits in other States. CIPS - alot of them in industrial areas like Port Klang, Shah Alam, Bangi, Puchong. Perhaps hikari can expand on EUMI?

Do you think that the move to KL Sentral soon is a good idea? Where to park leh? But very convenient to visit MidValley during lunch time though especially off peak season, muahahaha!

hey, when compared to being based in a building just across the street where transvestites ply their trade and drug addicts do their thing...i'd definitely take the added hassle!

Ok, I might deviate a little from the topic - but here's a real-life story I'm sharing regarding this.. This happened to me last year..

Was working till 7pm on Sat in WSD, and I parked my car at the KNChak place, very near the entrance. Was opening the car doors to release the hot air (not a very clever thing to do) and when I was closing up, some fugly transvetite tried to get in but i managed to close the doors except for the driver's seat - he was holding the car door, and asked me where I'm going. I just said I'm not interested but he still held on. 30 very long seconds later he let go of the door and I sped off.

Long story short - please travel in packs next time for safety reasons.

haha bro, at least u got away without being violated...well other than transies and drug addicts, you've also got the occasional psycho wandering abouts there...i've seen a fella practice the opening moves from wong hei hung there before...

by the way, look for recruitment ads for pwc coming out in the star sometime next week, get those cv's ready

hey guys.. my question might be out of topic here..

anyone know any public transport to go EY or KPMG area?
pls provide detail of the transport as well.. eg: bus number or etc

i not sure about the public transport to go EY..but then i knew that for their own staffs, EY would provide the shuttle bus service..and the most important it is free..the employees might gather in a pick-up point then the bus will pick them up at the time. besides, the shuttle bus service available on evening when the employees fnish workin..it is quite convenient for those takin LRT bcoz the pick up point and drop-off point is usualy there..

i m an auditor from big 4 singapore..i m wondering how much would the increment from A2 to A1? Mind telling me the minimum increment or maximum increment?

My fren told me tat the increment is only about RM100..is tat true?

Dunno about now, but for me, there wasn't really an increment - more like a salary revision - everyone get's it, around 5-6%. So yeah.. increment about RM100-150. The jump happens the most when you become a senior, from AA1 to SA2.. and when you get your qualifications (eg, member of CPA).. about RM600 - RM700 each time ... happiness..

THat's for PwC lar.. I think EY has gradual increase in salary, as in the increments are higher than PwC each round, but there's no such thing as qualified pay increase. At the end of the third year, your salary may match, but of course, EY ppl get more money then PwC at the end of the day (accumulatively!)

Not sure where did you hear that accumulatively EY staff get more than PwC staff but perhaps you should get your facts right first next time. But EY's staff don't get a RM 600 - 700 increment when they are promoted from A1 to SA2 although A2 to A1's increment is more than RM 100 - 150.

yup. FS can get to travel to labuan too.. but i'm not into the specialisation of the industry itself..

EUMI is also quite specialised in a sense.. this is because the client is so huge, u'll spend most of ur time with a client.. EUMI client have a lot of special projects.. like due d, some special reporting etc also due to the client business and size.. so, u'll spend ard 6 months with the same client.. u'll get to travel as well, as i've heard EUMI jobs (since i joined, less than a year) have brought ppl to India, Egypt, Australia, Indonesia, China etc.. plus there are many outstation jobs like Miri, Terengganu, Labuan etc.. and EUMI is thought to be the toughest industry in PwC due to the culture.. it's peak whole year round for those in EUMI.

some clients under EUMI industry are Shell, Exxon Mobil, Tenaga, Telekom, AirAsia, all Ananda Krishnan's companies (Tanjong Plc, Maxis, Astro, Measat etc etc) and many others.. the names might sound glamour, but these jobs requires high dedication and lots of effort and overtime.. LOL

that'll end of my report


bout KL sentral, i dun like la.. parking must be damnexpensive.. cannot claim 1 leh.. food also must be expensive :'( i'm so gonna miss my tom yam claypot yee mee at the wantan mee shop..

i can second his words... hahaha

what kevin said is true.



This post has been edited by cktwai: Jan 9 2007, 11:19 PM

so it is normal increment of 100-150 lah....

but my fren in EY JB get more than 200 increment leh... i thinks she got the outstanding performance... that y she get the highest increment among others...

Maybe what I said was wrong. I was thinking that if EY staff on average gets higher increment than PwC. Lemme explain abit. First year, let's say same salary scale:
PwC - RM2100 * 12
EY - RM2100 * 12
end of the year - sama-sama

Second year, EY increment higher:
PwC - RM2250 * 12 (let's say RM150 increase)
EY - RM2500 * 12 (let's say RM300 increase)

Third year, PwC person promoted to senior, get salary increase, EY also got same increase
PwC - RM2850 * 12 (let's say RM600 increase)
EY - RM2800 * 12 (let's say RM300 increase)

At the end of the third year, although the salary level almost the same, guess who has a fatter bank account?

That's my theory lar.. maybe I'm wrong leh