Big 4 Recruitment Drive_v3
|
|
 Nov 22 2016, 06:09 PM
|
 
Senior Member
2,102 posts Joined: Feb 2008 
|
QUOTE(Manada @ Nov 20 2016, 10:32 AM) Any justifications? Is it because SA role in Citi good or Financial Advisory in Deloitte suck? If intern, I dont see any difference. Go for advisory if got projects.I heard Financial Advisory in Deloitte is a very small and niche department, and they don't really take in interns, once a blue moon.  |
|
|
|
|
|
Nov 23 2016, 03:15 PM
|
|
Senior Member
2,102 posts Joined: Feb 2008
|
QUOTE(I_Thought @ Nov 23 2016, 12:56 PM) Hi guys, Question 1:I am currently working in 1 of the big4 in audit department (joined few months ago). I have completed 1 of the accounting professional papers and currently taking CFA. I have been asking myself the same question everyday. Should I continue staying in audit or pursuing my career in Finance? There are few questions in my mind:- 1. lets say if I stay for another 3 years in audit, will the experience help me in future when I going to jump to a slightly different field, i.e Finance/Advisory related. 2. Is it better for me to gain exposure now in what I am going to do in future than staying in audit for the sake of staying? 3. If I jump after 3 years, do I need to start as a fresh grad in the slight different field? Hope anyone with experience in this can help me out. Where you want to go first? The longer you stay the harder to jump. Audit background is treasured if you are going for reporting role or internal audit. Very hard to bargain if you jumping to other field especially if you want equivalent if not higher position or pay. If you jump to advisory, you may need to spend 1 to 2 years to adjust (no advancement). Its’ easier to jump when you are senior than managers as managers are expected to lead. You can’t lead if you don’t understand. Question 2: Unless you are very certain where you want to go, why bother staying? If you are interested in CFA areas such as asset management, equity research, broking and trading and CF, try apply to banks. I rarely heard people from audit able to jump successfully to those fields. Question 3: Very very likely. Not necessarily fresh grad but maybe a junior executive. Some accept downgrade in position if pay is good (Ie: Petronas) or for development purpose (CF department in IB) or a combination of both (MBB consulting firms) If you want to jump to a different field with same pay and same position it’s very hard especially in MYS. However, if you have completed CFA, your options open a bit. However, you still need the 4 years of relevant working experience and audit does not qualify for CFA. |
|
|
Nov 23 2016, 06:50 PM
|
|
Junior Member
787 posts Joined: Oct 2010
|
QUOTE(I_Thought @ Nov 23 2016, 03:43 PM) Hmm according to my source, audit experience does count in the 4 years relevant working experience. Moreover, if lets say I pass this coming Dec exam, I will be taking Level 2 next year June and as everyone know, January to March (April if you are unlucky) is the peak period in audit. I am little bit afraid that I can't cope with working OT for 3 months and still need to study heavy loaded subject in Level 2 lol. Hi, I did audit for 3 years before jumping to CF. Before I offer you my opinion to your 3 questions, I can confirm to you that your audit experience can count towards the 4 years relevant working experience, but only if you meet certain criteria (go read up at their website).Anyway, I have not start job hunting yet, attempt to request to transfer department within firm but seems like nothing come back lol. P.S: I read your post in another thread giving advise on CFA study, can I ask are you a CFA Charterholder? Lots of people passed level 2 and level 3 as an auditor, so can you, if you put in the hours. Now your questions: 1. lets say if I stay for another 3 years in audit, will the experience help me in future when I going to jump to a slightly different field, i.e Finance/Advisory related. My opinion is, in the short term, you will most likely lag your colleagues who have started directly in that field itself. In the long term, everyone move at different speed so it's hard to tell. You may well still lag your colleagues who started directly, but as a consolation you will have an additional skill they do not have - accounting. For example, I have met many senior CF people who cannot do simple proforma because they lack accounting knowledge. This is where I come in and add value to the team. 2. Is it better for me to gain exposure now in what I am going to do in future than staying in audit for the sake of staying? I think it is better to gain exposure to what you think you want to do now. 3. If I jump after 3 years, do I need to start as a fresh grad in the slight different field? It depends, but most likely yes. You may or may not retain your title or your current pay. For me I was lucky as I joined at the senior exec level and got a pay rise when I jumped. |
|
|
Nov 23 2016, 10:17 PM
|
|
Junior Member
200 posts Joined: Jan 2007
|
QUOTE(I_Thought @ Nov 23 2016, 03:43 PM) Hmm according to my source, audit experience does count in the 4 years relevant working experience. Moreover, if lets say I pass this coming Dec exam, I will be taking Level 2 next year June and as everyone know, January to March (April if you are unlucky) is the peak period in audit. I am little bit afraid that I can't cope with working OT for 3 months and still need to study heavy loaded subject in Level 2 lol. Since you already have plenty of answers for your three questions, I'll skip that part.Anyway, I have not start job hunting yet, attempt to request to transfer department within firm but seems like nothing come back lol. P.S: I read your post in another thread giving advise on CFA study, can I ask are you a CFA Charterholder? To put your concerns to rest, only certain audit roles will be able to count as experience towards the CFA (i.e., your role assists in the investment decision etc.). Auditors tend to have a harder time studying for the CFA exams due to work commitments, this is where you will know how hungry for success you are. I'll suggest a lateral transfer to the Transaction Advisory department of your firm if you're finding a move to IB related jobs too hard. Good luck, young padawan  |
|
|
Nov 24 2016, 02:58 PM
|
|
Senior Member
2,102 posts Joined: Feb 2008
|
QUOTE(I_Thought @ Nov 23 2016, 03:43 PM) Hmm according to my source, audit experience does count in the 4 years relevant working experience. Moreover, if lets say I pass this coming Dec exam, I will be taking Level 2 next year June and as everyone know, January to March (April if you are unlucky) is the peak period in audit. I am little bit afraid that I can't cope with working OT for 3 months and still need to study heavy loaded subject in Level 2 lol. 0.5 year for L1 + 0.5 year for L2 really for hard-core students. If you can get 1 month off should be ok but very risky. CFA syllabus meant for 1 year compared to ACCA which is segregated by papers. Every topic will be covered in CFA not like ACCA. You are spot on the OT part especially if you are covering year end 31 Dec and it’s a PLC. You might be able to apply 1 month off from 1 May onward but normally very hard especially for CFA students in Big4.Anyway, I have not start job hunting yet, attempt to request to transfer department within firm but seems like nothing come back lol. P.S: I read your post in another thread giving advise on CFA study, can I ask are you a CFA Charterholder? Ask partner for transfer dept. Easiest after getting endorsement. About the 4 years, this is the requirement: At least four years (48 months) of experience in: • Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments (e.g., publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these are held as part of a diversified, securities-oriented investment portfolio). • Supervising, directly or indirectly, persons who practice these activities. • Teaching such activities. I don’t know how audit will come in (from my reading). Ha ha, I dun have enough experience yet for CFA charter. |
|
|
Nov 25 2016, 09:45 AM
|
|
Senior Member
2,102 posts Joined: Feb 2008
|
QUOTE(I_Thought @ Nov 24 2016, 08:54 PM) I have already put in everything I got for this exam lol. no more social no nothing for 4 months. Just afraid that next year when peak period start I can't be studying like what I did in Lvl 1. This will be a serious issue. Ha ha I didn’t take CFA during my time in audit. I took it after I joined an organisation dealing with securities. So I have more time in studying (after work and weekends). I am not auditing banking during my time at audit so I guess my experience doesn’t count. However, better check as I think only 1 year counts for audit at most. I have a friend who taught CFA for 4 years but only 1 year is counted for experience. Investment analyst, portfolio manager and CF are the most relevant based on my experience. So your advise is keen towards that I should just leave provided I given the opportunity? mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. I am very hungry for success  . I literally gave in everything to make myself pass. As of now, the HR in my firm telling me that I will need to work at least 1-2 years in audit in order to transfer (provided HOD approved). I sent them my CV but nothing comes back lol. mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. I will ask for 1 month break on May'17. Not sure if my manager allow since that period consider ngam ngam off peak. They did allow me to take a month off now until the end of the exam but not sure about next year. You mean ask partner directly for the transfer? Not sure if this will work but I am afraid that they will see this as provocation as I am still not very close with any of the partners lol. I do agree that CFA syllabus is damn heavy as there are no other professional exam that can group 10 topic together and test them all in 6 hours. After I completed my ACCA i thought i very pro already, until i met CFA lol. Regarding the 4 years experience, I think audit satisfied the first point in your post, no? We audit the FS to aid Investor in decision making lol. So you have completed the exam and currently gaining experience for the charter? mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. Normally partners (or HOD) endorsement will help a lot in the transfer to advisory. Partners rather lose you to another division than lose you to the industry. Partners KPI are also rated based on staff retention. If you felt the gap is too big, ask your manager to approach the partner on your behalf instead. I think it’s also easier if you get a good rating as most Big4 also make comparison (even from a rival firm). |
|
|
|
|
|
Nov 25 2016, 11:22 AM
|
|
Junior Member
787 posts Joined: Oct 2010
|
QUOTE(I_Thought @ Nov 24 2016, 08:54 PM) I have already put in everything I got for this exam lol. no more social no nothing for 4 months. Just afraid that next year when peak period start I can't be studying like what I did in Lvl 1. This will be a serious issue. For me I nego with my bosses very very early in advance and they allowed me to take 1 month off. I didn't touch any of the books from Jan - May because of my work commitments (plus I'm lazy and I wanted to enjoy my weekends when I can).So your advise is keen towards that I should just leave provided I given the opportunity? mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. I am very hungry for success . I literally gave in everything to make myself pass. As of now, the HR in my firm telling me that I will need to work at least 1-2 years in audit in order to transfer (provided HOD approved). I sent them my CV but nothing comes back lol. mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. I will ask for 1 month break on May'17. Not sure if my manager allow since that period consider ngam ngam off peak. They did allow me to take a month off now until the end of the exam but not sure about next year. You mean ask partner directly for the transfer? Not sure if this will work but I am afraid that they will see this as provocation as I am still not very close with any of the partners lol. I do agree that CFA syllabus is damn heavy as there are no other professional exam that can group 10 topic together and test them all in 6 hours. After I completed my ACCA i thought i very pro already, until i met CFA lol. Regarding the 4 years experience, I think audit satisfied the first point in your post, no? We audit the FS to aid Investor in decision making lol. So you have completed the exam and currently gaining experience for the charter? mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance. I can't advise you on how you should study but I can share with you my method:: 1) use 3 weeks or less to finish reading the materials (use Schweser, don't use the official books) 2) use the remaining 1 week to do as much practice questions as you can But I have to admit I have a strong foundation in accounting, which is a big part of Level 1 and Level 2. Having a deep interest in corporate finance and economics also helps - I read books on these subjects in my spare time before embarking on my CFA journey. So, arguably my preparation for the exam started way before I even registered for CFA LEVEL 1. Also, google Analyst Forum and make use of the resources there. I always visit that forum whenever I get stuck. |
|
|
Nov 25 2016, 04:33 PM
|
Junior Member
33 posts Joined: Oct 2015
|
Sorry just want to rant here. I went to KPMG interview and have been waiting for their feedback for 4 weeks now. Called them twice and Hr said anything will let me know. Haihh do they really bother to inform if we fail? My seniors say KPMG do call tho even if fail so I'm still having hope - or maybe I shouldn't?
|
|
|
Nov 26 2016, 10:58 AM
|
|
Senior Member
2,699 posts Joined: Sep 2015
|
QUOTE(ketupatpalas @ Nov 25 2016, 04:33 PM) Sorry just want to rant here. I went to KPMG interview and have been waiting for their feedback for 4 weeks now. Called them twice and Hr said anything will let me know. Haihh do they really bother to inform if we fail? My seniors say KPMG do call tho even if fail so I'm still having hope - or maybe I shouldn't? most companies doesn't really bother to inform people who had fail.. i'm not sure about KPMG but most other companies are like that (don't bother) about people who had fail.. You can still keep hoping but don't hoping for too long..  |
|
|
Nov 28 2016, 10:22 AM
|
|
Junior Member
33 posts Joined: Oct 2015
|
QUOTE(MonGJiHyo @ Nov 26 2016, 10:58 AM) most companies doesn't really bother to inform people who had fail.. i'm not sure about KPMG but most other companies are like that (don't bother) about people who had fail.. You can still keep hoping but don't hoping for too long.. Hehe yeah now just stick doin current job lah.. Perhaps if got chance I'll join u guys in future 😁😁 |
|
|
Nov 28 2016, 04:17 PM
|
Senior Member
1,386 posts Joined: Apr 2014 
|
anyone working in Deloitte TTDI?
my wife has been offered to work there and we're wondering how's the parking there and any reasonable parking nearby? I know the MRT is just besides the building but there will be sometimes when she needs to drive there. Appreciate your inputs |
|
|
Nov 28 2016, 04:40 PM
|
|
Junior Member
426 posts Joined: Jul 2009
|
QUOTE(adamhzm90 @ Nov 28 2016, 04:17 PM) anyone working in Deloitte TTDI? Depends how early your wife willing to come or walk.my wife has been offered to work there and we're wondering how's the parking there and any reasonable parking nearby? I know the MRT is just besides the building but there will be sometimes when she needs to drive there. Appreciate your inputs Can get free but need like 10 mins walk for fit people. If cheapest but need to pay can park the dbkl parking but may need to come latest by 7.15am, usually full by then. Forgot whats the rate now due to the rate change for the parking, used to be rm5 for the whole day. Second option is the pasar parking, which is rm10 per day. But it gets full also by around 9.30am. Last option is to park in the menara lgb building itself. which goes hourly. rm3 for the first hour and rm2 subsequently. No limit.  |
|
|
Nov 28 2016, 04:44 PM
|
|
Senior Member
1,386 posts Joined: Apr 2014
|
QUOTE(crystalfenix @ Nov 28 2016, 04:40 PM) Depends how early your wife willing to come or walk. thanks. Can get free but need like 10 mins walk for fit people. If cheapest but need to pay can park the dbkl parking but may need to come latest by 7.15am, usually full by then. Forgot whats the rate now due to the rate change for the parking, used to be rm5 for the whole day. Second option is the pasar parking, which is rm10 per day. But it gets full also by around 9.30am. Last option is to park in the menara lgb building itself. which goes hourly. rm3 for the first hour and rm2 subsequently. No limit.  my wife usually went to her current office around 7.30 ish. But since deloitte is further she might go there a bit later. However since you mentioned the pasar usually will be full after 9.30am, so hopefully she'll have no trouble to park there |
|
|
|
|
|
Nov 28 2016, 04:46 PM
|
|
Junior Member
426 posts Joined: Jul 2009
|
QUOTE(adamhzm90 @ Nov 28 2016, 04:44 PM) thanks. Timings may be off, cause now i usually just park in the building itself. Lazy to find. my wife usually went to her current office around 7.30 ish. But since deloitte is further she might go there a bit later. However since you mentioned the pasar usually will be full after 9.30am, so hopefully she'll have no trouble to park there All the best to your wife tho.  |
|
|
Nov 29 2016, 04:58 PM
|
|
Junior Member
361 posts Joined: Jul 2012
|
QUOTE(anggaPra @ Nov 11 2016, 08:54 PM) i'm an intern in one of the big 4 now.. i feel like they are treating me too nice it's not even funny.. got a feeling that they when i'm accepted as associate i would not be treated as nicely.. maybe im just being paranoid of course.. they want you to join them when after your internship.. they've already paid u allowance and you definitely had gain some valuable experience which is better compared to fresh grad with no experience.. hahah..but don't worry if you are accepted as associate.. as long as if you function as a decent human being and is productive enough, no one will ever scold u for nothing |
|
|
Nov 30 2016, 09:21 PM
|
Junior Member
41 posts Joined: Jul 2014
|
QUOTE(ketupatpalas @ Nov 25 2016, 04:33 PM) Sorry just want to rant here. I went to KPMG interview and have been waiting for their feedback for 4 weeks now. Called them twice and Hr said anything will let me know. Haihh do they really bother to inform if we fail? My seniors say KPMG do call tho even if fail so I'm still having hope - or maybe I shouldn't? If you got into the interview, they will always tell you the results, even if you fail. Now is sort of the busy time for recruiters because peak period is coming so they'll need more time. Just keep calling every 2 weeks or so. |
|
|
Dec 3 2016, 04:35 PM
|
Senior Member
923 posts Joined: Aug 2005 
|
QUOTE(crystalfenix @ Nov 28 2016, 04:46 PM) Timings may be off, cause now i usually just park in the building itself. Lazy to find. So rich. 1 day parking at least rm20 bucks.All the best to your wife tho. :thumbsup: |
|
|
Dec 8 2016, 02:59 PM
Show posts by this member only | IPv6 | Post
#658
|
|
Junior Member
36 posts Joined: Sep 2012
|
HI, can I know after how long so that I can reapply for big 4? 2 of the big 4 has turn me down recently and I would like know the reason behind the rejection. I think i did quite well in interview and phone interview. is it maybe because of my results? fyi I have a second lower degree with completion of 3/6 cpa aus paper.
|
|
|
Dec 8 2016, 03:29 PM
|
|
Junior Member
95 posts Joined: Aug 2015
|
QUOTE(Sotest @ Dec 8 2016, 02:59 PM) HI, can I know after how long so that I can reapply for big 4? 2 of the big 4 has turn me down recently and I would like know the reason behind the rejection. I think i did quite well in interview and phone interview. is it maybe because of my results? fyi I have a second lower degree with completion of 3/6 cpa aus paper. Which two you had apply? I had apply four of them only two had called to interview one had rejected me and another one still no news yet and the interview was two weeks ago. I think you can reapply anytime when they have reopen vacancy. |
|
|
Dec 8 2016, 03:36 PM
Show posts by this member only | IPv6 | Post
#660
|
|
Junior Member
36 posts Joined: Sep 2012
|
QUOTE(kentroy @ Dec 8 2016, 03:29 PM) Which two you had apply? I had apply four of them only two had called to interview one had rejected me and another one still no news yet and the interview was two weeks ago. I think you can reapply anytime when they have reopen vacancy. Deloitte and EY.. deloitte rejected me after group interview and ey rejected me 2 weeks after a phone interview.... which one rejected you?.. Are you applying for fresh grad audit position as well?... Usually their vacancy is open all year long. |
| Change to: |  0.0331sec
 0.57
 6 queries
 GZIP Disabled
Time is now: 1st December 2025 - 08:27 PM |
Quote