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 Big 4 Recruitment Drive

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kyosukekisaragi
post Feb 23 2010, 04:29 PM

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QUOTE(Kaerna @ Feb 23 2010, 03:45 PM)
Sigh, I got an offer from one of the Big 4, but they only give me trainee salary as I am still one paper short from completing my ACCA. Just want to know from you guys if the audit trainee has the same workload as the audit associate? (as in have to stay up late and all?)
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I'm not sure about audit trainee. I went through an internship before with a Big4 firm as part of my uni requirements. It really depends, some of us worked harder, some of us had easier jobs. It really depends on your manager, if he/she has faith in your abilities as well as your ability to handle pressure.

But I heard PwC interns very fun wan. 5.30 the audit trainee kena halau by senior to go back home.
kyosukekisaragi
post Feb 23 2010, 04:47 PM

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QUOTE(lokideangelus @ Feb 23 2010, 04:32 PM)
maybe some hanky panky going on then....  tongue.gif
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Lol. Perhaps. But it's standard procedure, I think. All the audit interns all kena halau at 5.30 wan. On a plus side, I think that most of the girls working in Big 4 firms are quite cute(at least my experience la)!

So if got hanky panky, then I don't mind working long hours liao! drool.gif
kyosukekisaragi
post Feb 25 2010, 02:22 PM

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QUOTE(YOUGENE @ Feb 25 2010, 04:47 AM)
I would like to ask "what is the basis of BIG4 in recruiting an auditor associates"? what will they look into? from which college? spm? obu? acca results? cat results? co-curriculum? will they actually know your results?
& do you u all mind to share with me on the salary income. let say I'm an acca+obu holder. lastly, if a person who has only a 2nd upper VS a 1st class holder, will it affects the chances of the 2nd upper holder to get into the big4?

T.Q.
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If I'm not mistaken, and I seriously put a disclaimer on this, that Big4 auditors can be employed from a wide variety of fields. I had a senior during my internship who studied IT, and another who took mechanical engineering when applying to be an auditor. However, I believe that now they focus more on business related fields adi.

From what I know as a priority, you need to have a very very good level of English; being able to speak, read, and write fluently. I have friends who have had amazing grades in accounting, but with very bad English that were not accepted. I believe the interview will also help them cut out candidates that are not very good in communicative/thinking skills, as this is what they need as an auditor; to be able to talk to clients in a non-confronting manner. Big Four firms focus alot on your soft skills, as you'll be interacting with clients alot and have to show that you represent a Big Four firm and not a local medium firm.

But this is what I know from the intake for one of the Big4. The other three may have different requirements. Hope this helps. blush.gif
kyosukekisaragi
post Mar 5 2010, 08:31 AM

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QUOTE(fastandfurious @ Mar 5 2010, 03:41 AM)
i've heard some pros and cons regarding joining big 4.. some say go medium firm can learn more (diversified industries and you will be given more responsibilities) and that in big 4 you will be doing the same thing throughout the year or only work for very specialised industry. How true is this? anyone, any insights? ;D
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It's a partial myth. In a Big 4 firm, if you are doing assurance you are placed into one of several service lines that are specialised for certain industries. Depending on the firm, you may have specializations in banking, telecommunications, etc etc.

However, not all service lines are as narrow as that. At EY I was in a line called Services, which meant rojak to us employees. I audited a OnG company, a GLC company, a company that printed books, and a food franchisee company in a span of 6 months. I'm pretty sure you can't call that 'specialised industry'.

Responsibilities also vary, depending on your competencies and how enthusiastic you are at work, as well as your manager. If you look forward to all your assignments, hand in good quality work, and generally don't be a douchebag, your manager will most likely give you more and more responsibilites, as we are generally understaffed and overworked.
kyosukekisaragi
post Mar 6 2010, 04:11 AM

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QUOTE
Wow, another batch mate but I am just 5 months, you did go for orientation at melaka right ?. Its good to know that some folks are still hanging there.


Nah. I'm even newer. Just started recently, like last week. =D But I interned at EY before.

QUOTE
so let's say if i got into ey, you mean i should state my preference for "services"(TCE?) if I want to learn more? (Don't quite like banking lolz coz they give me the impression that i have to do a lot of sedentary work, not much travelling) Will they assign me based on my preference? Sry if this Q has been posted b4 ^^ & seriously is there not one soul here who works in deloitte assurance line? omG. lol. I read everywhere couldn't find any feedback from people who work @ deloitte audit dept.

& thx topace 4 ur insights.
Yes, you can state your preferences. Or perhaps your manager might ask you. You can state that you do not want to do banking, etc. However, they may or may not give you the service line that you request if they think they need people elsewhere.
kyosukekisaragi
post Apr 1 2010, 02:56 PM

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QUOTE(animangacraze @ Mar 31 2010, 04:40 PM)
XD, at least I more assured that there are things that to be done. Thanks.
Thanks for insights. I sort of never thought of it that way. Will bear those things in mind when during internship.
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As an ex-intern, all I can say is show dedication. Always asking questions, and offering your help on matters that may not even concern you is a good way for your seniors to teach you. I was blessed in a sense that during my industrial training with a Big 4, I was assigned to 'shadow' a manager, meaning all my assignments for the 6 months would be under her. Thus, the seniors working under her (and over me) knew that I would be around for quite some time, and would most likely be working with them in two or three different projects. Thus, they taught me alot of stuff in the beginning, so I could help them do real audit stuff Month 3 onwards.

Of course, it matters that you show initiative, keep offering to help do things, even if it may seem it is over your head(Trust me. If it's too important, they won't let you do it. But if they think that you can handle it without screwing up too much, they'll let you do it. Less work for them ma.) Enthusiasm and competent work should win them over, and you can get whatever learning experience you wish.

Just be careful what you wished for. icon_idea.gif
kyosukekisaragi
post Apr 2 2010, 07:35 AM

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QUOTE(slayer98 @ Apr 1 2010, 08:46 PM)
Hi guys there’s a question I need your enlightenment

1. If a student had just completed his/her internship with a particular big4 and later after graduation he/she intends to work for tat particular big4 firm does it indicate that he will be automatically absorbed into that big4 firm as permanent staff i.e. audit or tax associate without going through interviews and numeric/verbal/psychometric assessment?

2. Besides, If a student have phobia for interview and there is no guarantee tat d student will do well in d assessment test + his/her degree is only a 3rd class honour, will it b a smart move for tat student to apply for internship 1st 4 any one of the big4 firm then later work 4 tat particular same firm as permanent employee without going thru the interview and assessment hassle? If is not possible is there any alternative in order to circumvent the interview process?

Thanks.
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Well, it's ... not a done deal, i think. I had my internship, and after that my employment was rather straightforward (phone interview for a while) compared to my other new joiners that had to have interview with partners.

On the other hand, I do know of ex-interns who didn't manage to gain employment with the Big4 firm they had interned with previously.

It's a mixed bag la, i guess.
kyosukekisaragi
post Apr 3 2010, 11:53 PM

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EY Rawks! =P
kyosukekisaragi
post Apr 5 2010, 11:57 AM

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QUOTE(Itu_Dia_Man @ Apr 4 2010, 12:28 AM)
How much they pay you for this comment? tongue.gif
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Paid with work. rclxms.gif
kyosukekisaragi
post Apr 12 2010, 01:49 AM

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QUOTE(starfen @ Apr 11 2010, 08:21 PM)
i m currently pursuing accounting degree. for years of gathering knowledge and suggestions about accounting field, people always say go for the big4 audit, as it provides learning and exposure. It's like a MUST to join big4 for at least 3years to have good job prospect. However, i heard my seniors said that those who leave big4 after 3years of experience only make 4k+ in commercial line. there is no doubt that the experience and qualification prepare you to the higher position like CFO. but this position is like one in a million, u dream to achieve it but not everyone can make it eventually. what i'm questioning is that pay for accounting does not grow as fast as other industries like consulting(which can reach 5figures in 5years experience),engineering or investment banking.is that true? jz got confused again regarding future career path,money matters a lot afterall. hope someone can enlighten me
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I suspect that is because of 'value creation'. Employees that create value, such as that of consultants or investment bankers which help multiply a firm's income through creative skills are move in demand. Auditors follow prescribed standards and techniques to do their job, which is why the salary does move slower.

This is only true when you're in the 'technical' phase of your career. When you enter the 'management' phase, then it is how effective a leader you are, and at that time auditors with the proper experience and mentality can make lots of money, having the experience to make good financial decisions that can save thousands for a company.

Another point I would also like you to ask your seniors, is that if those who leave a Big4 firm after 3 years to enter commercial only make RM4k+ in commercial line, then how much does a senior who never joined a Big4 firm but started commercial makes after 3 years?

3 years is also quite fast for a Big4 firm. You would only reach the level of Senior Associate. Working for 5-6 years, and you should be Asst Manager or Manager, which would net you a whole lot more than RM4k.
kyosukekisaragi
post Jun 12 2010, 03:20 PM

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EY is RM9 a day. sad.gif

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