QUOTE(toblertwo @ Oct 7 2018, 12:12 AM)
Hey guys, anyone has any experience in audit for PwC and EY? How different is the environment and people between the two firm? Which is more supportive for learning and growth and easy promote? Heard EY has been lowballing so workload super high while PwC mostly GLC so favour bumi. I'm not keen to audit banks though so EY's FS clients not a selling point for me haha
Plan to go SG after a few years here
Also, when is PwC's promotion period? I heard EY is Oct. During non-peak also we will be parking at client place all the time?
Got graduate offers from both firms so deciding which to go. EY allowance higher by RM100 but people say PwC less Chinaman? (but more elitist or something like that? hearsay only la that's why asking sifus here
) Hope sifus here can advice, thanks.
Firstly, your experience in either firm will depend on 3 key factors. Your team, your manager followed by your client. The firm culture / system is not something you can control so I put that as last factor.
Something I observed in audit is no matter how bad the working hour, terrible client or tyrant manager, a good team can support you through. As most audit engagement involves team working, you spent more time with your team members than anyone else. Your client leaves after normal working hours and your manager is only during planning and wrap up. The key factor here is you. You can determine how the team is gonna work. If you like being solo or uncooperative, good luck facing the manager and client alone.
Your manager will determine your kpi, workload and learning. Most manager are hands off and will let you work independently unless you work in a very large engagement which audit fee eclipses 1 or 2 million. Should be higher in pwc. A nasty manager is nothing compared to a toxic team. At least with good team, y'all can enjoy after work or after job activities. Although having a good manager can help you in your exit / transfer. Btw, you may have few managers due to different project or turnover issue.
Nasty client is manageable as it's periodic basis and you only deal with them like only few hours the most in a day. If you got good team and manager, a bad client will just improve your relationship with your manager and team. Nothing unites people compared to a common external enemy.
On to menial stuffs. Benefits difference are negligible between both firms. You will not feel it compared to the stuffs I mentioned above. I never lose sleep due to rm100 difference. If you got good rating you get even more allowance. Beware of extra work and expectation though. The tag super staff got its pros and cons. Pwc work methodology is more modern and risk based compared to ey and others firms. You will work less on substantive procedures / tocs but focus more on analytics. Ey is more old school. Due to this, some perceived pwc as only they will know what they are doing.
During non peak, you will stay at hq doing admin work. Most will clear their leave at this period. They rather see you off rather than charging your timesheet.