Category: How to get into big 4 consulting

How to get into big 4 consulting

LifeWork. IT consulting was a totally new concept to me about a year and a half ago.

The Big 4 Accounting Firms

I was ill-prepared for the whole process. Needless to say, I did not get an internship, let alone the first interview. I was prepared this year. After a co-worker at my summer internship recommended the firm she used to worked at, I gave it another shot. This time I focused on one firm and dove in deep. Fortunately, my efforts landed me the first interview!

After a couple of days of anxiously waiting, I got the email I was progressing to the next round! This is a day or two of interviews and events, usually in a central location. This is when the panic started to set in, I only had a few experiences with a case interview and networking is not my favorite thing. Fast forward a few weeks and went through the meet-and-greets and three very long interviews. About a week after my second-round interviews, I got the call. Before you even start applying, you need to do your background research.

Or types of projects you want to focus on? Even if they are all similar, there are key differences between each firm, Big 4 or not.

The Complete Big 4 Salary Guide (from Consultant to Partner) C

Making these connections will also help you later on in the process! After I talked with my colleague at my internship last summer, she connected me with someone she knew in the Seattle office. It was so helpful and I knew I made the right decision. The application itself was just like any other job application. If you are applying for an internship or job through campus recruiting, the deadline is during the first half of the year. At my campus, the Big 4 recruited heavily through a few departments in October.

Like with any other job application, make sure you fill it out thoroughly.I just finished my third busy season as an associate in financial services auditing at a big 4.

I know that auditing is not for me and am looking to change. I think management consulting seems very interesting and something I would like to pursue. How hard is it to do an internal transfer?

There are not many jobs posted to the internal job site however I do know people that work in advisory to circulate my resume. I'm currently getting my resume out to recruiters and I'm also unsure if I should stick it out until July when I get promoted to sr. It's going to be very difficult to make the jump directly from audit to advisory or management consulting. A better bet is to try to get into Transaction Advisory Services.

6 Strategies for Applicants With a Unique Path

A lot of the work benefits from having the "audit" background but you end up on deals-based work. The caveat is that you need to be consistently viewed as a top-performer to get that sort of role. It's one of the most desirable opportunities for those who want to leave audit but stay with the firm. HR, they will act like they can but you won't hear anything from them. The only difference between you and this person is you majored in accounting and they most likely did not MBAs excluded.

If it matches what their group does, you've basically skipped a step. If not, they should have a good idea of other consulting groups within the firm and may be able to put you in connect with someone.

how to get into big 4 consulting

Once you have a conversation with someone from your desired group, they will ask for your resume so have it ready. Your audit team will try and screw you and want another busy season. This will normally result in a not so formal interview process. The process is not difficult if you hit the right connections, but it can absolutely be long and a pain in the ass.

Best of luck. The stakeholders from a client perspective are the same so the transition isn't too drastic. I work in one of these groups - PM if you have further questions. Having been working in Financial Service Audit for almost 2 years, I am wondering what was your experience approaching your counsellor and basically telling them that Audit isn't for you and you wanted to pursue consulting?

WSO depends on everyone being able to pitch in when they know something.

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Join Us. Already a member? Popular Content See all. How'd it worked out for them? Did they start the next SpaceX or get elected to Congress or something? What types of people does each…. Junior international student here at a target recruiting for summer with previous IB and PE internship experience. I felt I am gradually gettin…. Hey everyone, this is way overdue, but I wanted to give it a shot anyway. All American citizens: please vote.

Many states still allow registration. If you need help on the process, please message me and I'll help directly. It is of critical importance to make your voice heard. If you're an American voting from abroad, you can use fax fvap. The road is long but it seems kids increasingly see a future that is social media related, trend driven, or simply want to play games all day. Ugly girls are selling pics of their feet at a high profit.The Big 4 now sit at the top of your career goal list.

A lot of people only realize after graduation that they have what it takes to join the Big 4. So what exactly can you do then? Getting into the Big 4 with an unconventional background is tough. Not impossible, but pretty tough. Unlike recruiting at a target school, the Big 4 are not going to come to you. CPA or any other relevant certification or industry exams. Cons: Expensive, time consuming but hey, you may have to do it at some point anywaymay need to attain the required hours to be eligible to sit.

Having the relevant certification to the career you want will put you at the top of the application stack. Industry certifications can be the difference between a promotion or not. And looking long-term, possibly even executive level positions. Specifically the CPA exams can be expensive, yes. There is also the possibility you could be reimbursed by the firm for completing the exams when you start.

Some firms give bonuses for passing all 4 within a year or two of starting. We talk a lot about productivity and time management in regards to studying for exams in this post. This strategy is probably the best approach in the short and long term.

My wife was 7 months pregnant so I wanted to try and get a head start on studying before she had the baby. My son was born 3 weeks before taking my first exam FAR and thankfully I was able to pass and have the confidence to know I could get through them all.

Transitioning into public accounting after passing the exams was a pretty drastic change for me.

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Being that I had no prior experience it was a little overwhelming and there was a steep learning curve. I remember not being able to sleep the night of the score release like every other one and getting out of bed at 1AM to check my scores. I was sitting in the dark on my couch and my heart was beating so fast I thought it was going to come out of my chest.

I said a quick prayer before logging in to my NASBA account and literally started jumping around my apartment when I saw I passed and was done! My wife woke up and started crying because she knew how hard I worked and she finally had her husband back! We both made sacrifices the past couple years and the whole process of going back to school and studying all the time took a toll on both of us. Passing the exams was everything to me and the main reason I went back to school and put my life on hold for 2.

For me, the stakes were high and I knew I would probably end up back in construction if I had given up on them. I was completely overwhelmed with options when I first began college. This is potentially the easiest method, and no doubt a common one, but understandably out of reach for some candidates. With that being said, make sure you make the most of your Masters program by utilizing student organizations and networking events.

how to get into big 4 consulting

Pros: Your best option for getting in right now without spending money. If you come from a unique background, this is really the only option you have for getting into the Big 4 now without spending more money or taking more time.

How to get into Big 4 Accounting Firms?

All you need is the opportunity to showcase your abilities to an interviewer. We get it. Remember our mantra that the Big 4 recruiters are lazy and want to do their job as easily for them as possible? Your job is to make it easy for them to give you a job.

Something you can work towards immediately: Building and utilizing your LinkedIn connections. Once you get some solid connections, make it a point to ask them for a coffee somewhere by their office.

Be straightforward and direct. If you make a great impression through your awesome personal brand and effective networking skillsthen you can keep in touch and be in the back of their mind next time a spot opens.EY is hiring 3, new employees in Britain before June Proof that Britain is dragging itself out of the depths of recession was offered last month, as Big Four services firm EY announced plans to hire 3, new employees in Britain by the end of June Consulting is one of the most popular MBA Jobs and is revered for its fast-paced, high-earning potential.

Business Schools based in the UK will be pleased to hear that a third of EY's new recruitment crop are set to be students. MBAs keen to launch a consulting career will no doubt jump at the 1, student spots on offer until the end of spring next year.

EY, that has overemployees and 11, based in the UK, will bring in MBAs for their assurance, tax, transactions and advisory units. Postgraduates in the consulting industry enjoy some of the most lucrative pay-packets in the MBA Jobs world.

MBAs will be keen to see a return on their educational investment, and consulting firms across the world are gobbling up graduates in higher numbers than ever. An MBA will no doubt help you launch a consulting career.

how to get into big 4 consulting

He knows what it takes to crack the company's interview process. Khimendra thinks there are three attributes an MBA needs to work at the firm. Consulting is a people-focused job. EY is a reputable brand and very sought-after firm, and its very competitive as well. For Khimendra, the interview process saw him apply on EY's website, an interview with HR to discover what his motivations were, and then a meeting with the company manager.

If successful, the next step will depend on the team you want to enter; you could meet a specific team manager, or meet a client directly.

Khimendra also had to take an aptitude test. He says that showing EY your extra-curricular activities will help you impress the recruitment team. He chose EY because the firm had an inherent culture, where people are always pushing you harder; you need to achieve high results. The best thing about working at EY was "being able to deal directly with clients", and the "freedom of giving new ideas which were implemented". Despite consulting's popularity, Khimendra says you should be prepared to work incredibly hard to land a job with EY.

You meet lots of clients from different industries, and my consulting was a very good experience. Ananth Sundarrajan was a Senior Associate at EY for almost two years, after first entering the firm as an Associate in their project management group.

Ananth thinks that you need to adapt to succeed at EY. Ananth was subjected to a case interview, followed by an hour and a half long interview with the group head, and then an interview with senior managers from the project group. Ananth describes the latter as "one of my best interviews I have ever had".

He says to land a job with EY, you need to present your life stories that best fit with the firm's value system. Ensure you have stories that prove you fit into this value system. Ananth spurned applying for any of the other Big Four firm's because of his belief that EY could live up to its reputation: "In retrospect, it truly has," he added.But sometimes you want to look beyond the intangible.

You just want to know exactly what your Big 4 salary is going to be.

Applying for the BIG4? - KPMG - graduate - expectation - audit/risk - accounts - bySanjna

Frustrated or confused by the Big 4 hiring process? I know I was before I joined Deloitte!

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Click here to find out morethe next session is happening soon! The more results we obtained, the higher the convergence between each of the Big 4 salary data points. Each of the Big 4 continuously benchmarks against each other such that salary is rarely a contributing factor when someone moves between them.

Yes we know, this is what you really care about. Why would a Deloitte tax employee earn more than a Deloitte audit employee? Well, some graduate jobs are just intrinsically more valuable than others. This is often a case of supply vs demand.

Now take a computer science candidate who wants to work in cyber security consulting. In that case, everyone from Google to Bains could be trying to recruit them. Anyone that lives in NYC will know all about the outrageous real estate market. This is also reflected to an extent… in your starting salary. Notice the interesting variation in these numbers. Note also that following the Enron scandal, Deloitte is the only one of the Big 4 that has a true consulting business competing with Bains, etc.

In general, NYC pays the highestfollowed by other larger cities, with regional offices in Mid-America paying the least. The Big 4 firms actually love hiring non-traditional candidates… imagine how dull and uninspiring the workplace would be if they ONLY hired 22 year old Ivy league graduates. I know people who got hired into entry level positions with zero experience in the field….

But Senior is the first real Big 4 promotion. Performance reviews at this stage of your career are based not so much on project earnings but rather your progress on learning the day-to-day and particularly your delegation and people management skills.

Across the board this represents an approximate 14 percent year-on-year increase in your Big 4 salary, assuming promotion at the end of the second year.

Especially compared to the average U. Now before you get too excited, this is a good time to raise an important point.

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But be aware that there is a general understanding that it does take a minimum amount of time to reach a certain skill level. It comes down to a combination of the time spent with a firm which allows you to gain the experience you need and also merit.

Promotion typically takes between five and seven yearsbut depending on the firm, you are likely to spend a relatively long time at the Manager level. This means that the Big 4 salary ranges are going to vary considerably. A first year Manager will be paid a lot less than someone ready for their Senior Manager promotion.October 19 Written By: EduPristine.

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We all have some career objectives and aspirations. Graduation is the bare minimum professional requirement to get into any accounting or technical job be it in Government sector, private sector or even in army. For an accounting graduate, there are a number of options available nowadays. But getting into Big 4 accounting firms is not an easy task. The Big 4 are the four largest international professional services firms offering wide variety of services.

They are as follows :. Apart from above they also provide corporate finance as well as legal services. They handle vast majority of audits for publicly traded companies as well as private companies.

There are several rounds of interview that a candidate needs to crack to get into the Big 4. Typically these rounds are as follows:. Initial HR interview — In this round, HR would ask question about the background of the candidate, career objectives as well as their strengths and weakness. However the questions are not limited to above.

Depending upon the level at which candidates are hired, there can be second as well as third round of technical round of interview. The interview may or may not happen for entry level candidates. The purpose of this round is to analyze whether the candidate is suitable for the firm. Here behavioral aspect of candidate is looked into and analyzed. Final HR Round — Once all the above rounds are completed, a candidate has to appear for the final round of interview with senior HR personal to finalize the candidate.

In order to clear all the above mentioned round of interviews and get into Big 4 firms, the following skills are very critical:. Communication Skill — Good communication skill is an important prerequisite for getting into Big 4 firms. This is important for HR as well as technical round. More over good communication is required in group discussions and debate as well. Also they are expected to know recent technical updates, amendments to relevant acts, newly issued accounting pronouncements etc.

Computer Skills — This is another important skill one should have. Also the candidate should be in proper formal attire as it creates a good impression in front of interviewer.

Candidates should note following common mistakes which should be avoided:. There are no pre-defined questions for any interview.

But from past hiring trend and analysis, one can prepare for certain questions which are common. They are as follows:. Give specific examples drawn from your experience for each of your strengths, which should be relevant to the job you are applying for.In addition, these mammoth organizations advise on tax and offer a wide range of management and assurance services.

Although usually identified as single companies, each one of the Big 4 Accounting Firms is actually a network of independent corporations who have entered into agreements with one another to set quality standards and share a common name.

Over time the company has merged with other companies or bought them out completely and created subsidiaries to become one of the biggest firms in the world. The company is one consistently voted as one of the best employers to work for by Fortune Magazine. They hire many of their entry-level employees through universities where they have programs. How to get a job with Deloitte. They have maintained this growth rate over the past four years. In the company built Deloitte University to train its current and future employees.

They also offer internships and training seminars at the University. They are hoping to reach out to broader spectrum of people who are looking to work in the industry.

Because the company has 4 subsidiaries, they offer a wide range of employment opportunities. A prospective employee can work in categories such as consulting, financial advisory services, taxes, growth enterprise, and many more.

Deloitte has several recruiting teams that visit college campuses across the country, hoping to recruit those who have taken classes involved in their partnership program. However, there are more than 20 schools that offer Deloitte accounting curriculum. Deloitte and its subsidiaries have more than offices in more than countries. Including offices in just about every US state, from California to Florida. PWC PricewaterhouseCoopers is ranked as the number two accounting firm in the world.

The company founded by Samuel Lowell Price began in London, The firm went on to shorten its brand name to PwC inhowever PricewaterhouseCoopers remains as the full legal name of the organization and is the name that is used by PwC firms to sign company audits.

The difference is that their program is online, free, and available to the public. This afford great opportunity for current and potential employees to find their specialty within the company.

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Additionally, PwC is considered one of the best large companies to work for. Interestingly enough Arthur Young and Alwen Ernst never met in life. Both men opened their original firms with their brothers, and passed away within days of each other. Today this big 4 firm stands tall and is located in more than countries with more than offices. They offer a plethora of services such as assurance, taxes, advisement, transactions, and many more.

how to get into big 4 consulting

Offering such a wide range of services allows the company to cater to a very diverse group of employees. This is the highest growth rate the company has seen over the past 5 years. This is up from a 1. The merger of these two companies could be a great increase in both revenue and growth in their Denmark divisions. This past year they got into global mining and metals which could bring the much sought after growth they are hoping and planning for.

Having so many areas of interest, anyone in the accounting trade is sure to find a position that suites their specialization. KPMG is last of the big four accounting firms with more than offices located in over countries.

The firm changed their name a few times over the years but ultimately decided to stick with KPMG. These numbers are down from when their growth rate was 2.

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