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 Big 4 Recruitment Drive_v3

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UrbanGraduate
post Jun 19 2019, 04:20 PM

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QUOTE(thematthewkoo @ Jun 18 2019, 11:30 PM)
Hi guys, I've got a problem.

I have studied audit subject in university. I have also did an internship in audit before.

But I still don't fucking get what is audit and what I am doing.

When I studied audit in university using textbook, it was terrible because nothing made sense. It was all bullshit theory. I thought maybe it will make sense when I actually do audit in real life.

But after my internship, I still don't get what the fuck I am doing.

I feel insecure whether what I am doing is correct. For example, when doing revenue work paper, I don't know how to begin. What the fuck is lead schedule? What is walkthrough and how do u select the test of controls? But first, what the fuck is test of controls?

And I'm a slow learner.

I really wonder if audit is the right choice for me. I like computers. Maybe I should havestudied things like IT, computer science instead of fucking accounting. Plus I was from pure science stream when I was in secondary school so I have no background in accounting. Fuck too late now. I am gonna be completing my degree soon. It will be a waste if I do not work in accounting.
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Bro, I feel you man.

I studied and dont understand at all what accounting really is and in form 6, I was a pure science student till UPU decided that I had to study accounting in a public uni.

Studied it, interned once at a huge GLC (where you had to consolidate accounts, do reconciliation, corporate tax and relief plus all that finance stuff on the side). Heck, I even saw Big 4 auditors cramped up in the room doing all sort of queries and test and they look as stressed as me. So, I know audit definitely not on my plate. I tried advisory and got in at one of the Big 4 and its mainly project management, so you dont learn the hard technical stuff aside from stakeholder management and endless meetings. Its cool to be in meetings, meeting bosses etc but there came a time I realised that I actually didnt learn much as all I know is surface level stuff.

Now, Im in the banking line but thankfully with rotations, at least i can have exposures in fields that are totally different from time to time.

My advice is to get your seniors to help you out and be useful. Also make a good lasting impression to your manager. Then after your promotion to senior, try finding alternative career that you want or at least can bear with for your actual progression. The natural place to go from an audit line is usually in advisory. Get to know people, join the firm's external public events, get in touch with people and you will actually go far.

All the best and if you learn slow, at least start early.
UrbanGraduate
post Jun 24 2019, 10:27 PM

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Globally, Deloitte is more prestigious especially when it comes to their management consulting, financial advisory service lines compared to the rest. Locally however, the firm is in a different level and the perception is that they are catching up with the other Big 4s (yes even against KPMG MY). Reputational wise the impact of the SRC case and the recent police raid only compounds Deloitte's public image.

However, in my opinion give it a few years and the firm can leverage their global leadership to leapfrog their competition locally, provided that they can consolidate and offer competitive and cross functional services through their APAC offices
UrbanGraduate
post Jun 28 2019, 12:55 PM

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QUOTE(Yggdrasil @ Jun 27 2019, 10:47 PM)
I don't work there but I know people who do and they did say the same thing. These people come from famous unis like LSE, UCL etc. The reason is because of the 'prestige' and premium name.

You can try faking your way in by saying you studied at some overseas uni in US/UK but actually it's a joint program with local uni LOL.

But it's really true. I have interned in Assurance in one of the Big 4 and saw all their interns from UK/US/Australia. None from Malaysia.

On the bright side, me and my friend (from local private uni) was offered an internship in advisory at Deloitte. However, I refused to attend the final interview because you will not learn much as an advisory intern. My friend went for it. Deloitte might be less stringent on this because their reputation has already been tarnished by 1MDB and there might be lesser applicants.

Note that me and my friend are in the top 3% percentiles in our degree program.

Getting in as an intern is already extremely tough. Getting the job as an associate is tougher.
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Kindly disagree, there were PwC and EY advisory interns and associates from local public uni like UM, USM and even relative unknown local uni like UNIMAS in Sarawak

It doesnt have to be from the creme of the crop, but the majority is la, si you're correct on that point
UrbanGraduate
post Jun 28 2019, 04:16 PM

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QUOTE(Yggdrasil @ Jun 28 2019, 01:49 PM)
I disagree with this. Where are your sources?
If you look at LinkedIn profiles, majority of these interns are from overseas uni. Advisory associates can confirm this. Also, they only hire those with 'ang moh' look and accent. This also applies to consulting and deals.
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My circle of friends in banking and finance. Some are public uni local graduates interned in advisory. While the majority is true, its not a given that local graduates cant make it there, only its harder.

People say i wont able to make it to a international banking MT program too, that you gotta be ivy leagues and oxbridge to make it there. If you search back my thread post history, I was formerly from advisory in a big 4 firm.

I dont deny that majority is from overseas, but the notion that its impossible to reach is like an absolute judgement while exception exists. Before you call me im the special one, i am not, there are a few others like me too also from local grads (both private and public, like Sunway, Monash, Nottingham etc).

Bonus: BCG, a MBB firm has a local admission track for local grads (business analyst role), a few of my connections made it there
UrbanGraduate
post Jun 28 2019, 04:33 PM

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QUOTE(Jwwt24 @ Jun 28 2019, 04:30 PM)
Yup agree with you. I'm local grad too. You were an intern in advisory previously? Which firm and what dept were you in?
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I was with EY under performance Inprovement, based at banking client side and if not at level 17 at MM. What about you? If you want more info can pm me
UrbanGraduate
post Jun 28 2019, 05:39 PM

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QUOTE(AmandaFluffy @ Jun 28 2019, 05:33 PM)
Hmmmm.. I have friends fr local universities that has made it to advisory in practically all the big tier firms, so you're not wrong

Sadly for me, I applied but didnt get through. Part of me wanted to make that excuse that its difficult to join as the firms only prefer overseas grads, but I know that is an excuse, especially since my friends made it but not me.

Can I pm you btw? Wanna seek your advice
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Sure thing
UrbanGraduate
post Nov 24 2020, 11:42 AM

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QUOTE(hwachong @ Nov 23 2020, 11:46 AM)
Anyone interested in roles with Deloitte Consulting, feel free to pm me.
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hnnggghh

 

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