March 25, 2015 at 3:45 pm #192916rbcpaParticipant
I've been in a big 4 firm for for the past few months and already hate it. Every day when I leave work it's likely walking out of jail. The team doesn't care about you and it just sucks. I've aged so much in 6 months. I don't think I can do this for much longer. My justification is that if you spend 65 to 70 hours a week with crappy pay you can spend that time Into your own venture and be far more successful.
The only down fall is I've passed the exams and need experience. Is there another way to get the experience requirement for Cali? Move to a smaller firm?March 25, 2015 at 3:58 pm #660595mrgriff21Member
Does internal audit count for experience in CA? I did four years in internal audit and it was great.March 25, 2015 at 4:02 pm #660596AnonymousInactive
Ah yes, the Big 4 debate.
– work unnecessarily long hours (many employees will STAY at the client and just surf the web til 11pm to appear busy)
– over value the profession (we aren't curing diseases, we are issuing opinions)
– justify horrible hours for “exit opportunities”
– work in a smaller firm, have a 55-60hr busy season, enjoy your life, and leave for the same job that the big 4 robots left for. Just don't tell them they wasted 4 years of their life. Their false sense of superiority cannot handle that.March 25, 2015 at 4:29 pm #660597rp 12Participant
I personally feel glorified as well. And call myself as one among them to join the herd. I still remember during my school career events it was a BIG thing to get contacts of working professionals, recruiter…. But after joining you realize how some people are.
As a former Big4 alum – my only advice is get that one year of experience and also start looking for opportunities outside of public. If you looking for higher pay in industry right after 1 yr likelihood is less. You at least need 2 to 3 busy seasons under your belt to see that jump in pay. If you still want to be in public then move to mid-size to small accounting firms.
Also, in IA if you working under a CPA he/she can sign-off on experience form(s).
Hang in there. I hope this help.March 25, 2015 at 4:47 pm #660598shankysaysMember
Definitely get your one year so you can get the experience sign-off. It'll be a pain otherwise, plus having to explain that you left a job after less than a year is never fun/good.March 25, 2015 at 5:43 pm #660599acampParticipant
I feel that the Big4 “transaction” is pretty transparent.
You work many hours in exchange for experience which is highly sought after in the market place. The longer you stay, the better your marketability and the higher paying and higher profile your exit opportunities become. Not to mention (while very slim) there is also the partner route. True you could have been doing your own thing where you could “spend that time Into your own venture and be far more successful” but not everyone has a “venture” to pursue.
I've found that the longer you stay, the better you can make it. In the beginning you have to play ball with the team, but as a senior you can lead the team and can choose to run your team in a way that you like (and specifically steer away from some things you didn't like when you were a staff). For example, my teams do not fill chairs. We work the hours needed to get the job done, which means a lot of days are 8 hours but as needed some days are more; we're never sitting in the office until 7pm just to look busy (this of course is non-busy season lol).April 2, 2015 at 4:53 am #660600rbcpaParticipant
I really feel like quitting and going to a different mid size firm. I don't have anything to fall back on yet but do you think it's wise to quit after 6 months? I'm miserable everyday and I just feel out of place and don't mesh with the team. I talked to my performance manager and she was all yeah your reviews haven't been so hot.
My other question is because I've been there for 6 months would they legally have to sign off on my hours that I completed? What if I get push back from the managers because they're not fond of me?April 2, 2015 at 5:15 am #660601johnny_debtMember
I feel the same as you guys. The big4 in substance isn't a great experience. However when looking for a job outside, the big4 name on the resume really opens doors even though in substance that person might not have gotten much out of their experience.
I hear that the optimal time to leave big4 is in senior manager level and then get hired as a director-ish level job outside of big4 with great pay.April 2, 2015 at 11:35 am #660602justgivemea75Member
^I feel like leaving depends on what you want to do. If you're gung-ho about just doing accounting or whatever, then staying till manager/senior manager makes sense for sure because you'll be in great shape to land controller/director of financial reporting type roles.
In my case, for example, accounting is more of a starting point to do something else than a career. My goal is to do more FP&A/financial analyst type work down the road. As such, staying too long past senior makes no sense because at that point, I'll start getting pigeon-holed as just an accountant. Plus, I don't think companies necessarily just want someone because they're from a Big 4. There is some value in bringing someone skilled from the inside who is familiar with the industry, the firm's processes, etc. vs training someone new, particularly at higher levels. If you don't believe me, check out this thread from a guy who is a senior in TAS (which is more prestigious than audit to begin with) and is having trouble exiting:April 2, 2015 at 12:47 pm #660603AnonymousInactive
If you're having a bad experiance talk to either your counselor or scheduler. Best part about Big 4 is you can switch teams in a heartbeat. I worked 50-55 hours this busy season as well as lot of my friends. Remember that 65+ hours is the exception.
If you don't do anything about your situation (besides leaving) then don't complain about it.
Also if you're not leaning crazy amounts on this job something is wrong.April 2, 2015 at 1:16 pm #660604MydnightDarkfyreParticipant
I am in agreement with bae-bae. My Big 4 experience has been awesome so far. I love my team (my Senior Manager is laugh out loud funny most of the time). My hours this last busy season never went over 55 for the week. They constantly ask me if I am getting the training/experience I am looking for. My Senior Manager even texted me the night before my last exam to give his words of encouragement.
If your Big 4 experience does not reflect mine, it is a product of your team/office, not Big 4 in general.April 2, 2015 at 1:29 pm #660605AnonymousInactive
Yeah. Try to stick it out a full year. You don't want to seem like a quitter. With that said recruiters are generally understanding of shorter than normal employment periods at big 4 cause they know how much the work sucks. Generally u should know what u are getting into (hours suck and they don't try to hide that during recruiting. The benefit is the career adnvancement and exit opportunities. And whoever said 65+ hours during busy season is the exception is nuts, that was absolutely not the case in my office. Also asking to change teams under a year can be risky, so be very careful how you frame that question.April 2, 2015 at 1:29 pm #660606justgivemea75Member
@Mydnight: Do you work in a city that's relatively small or big? Based on my own experience and in talking to all my friends at the Big 4, it seems like larger offices are generally a lot less tight-knit while smaller offices interact with each other more and try to make auditing more fun (or at least as fun as it can be). Obviously, this can have it's drawbacks because if you don't like someone, you'll see them a lot more, but for me, I think I might try to switch to a smaller office because I prefer getting to know a few people really well rather than casually knowing lots of folks. I'm just trying to gather intelligence before making the switch formal.April 2, 2015 at 4:01 pm #660607fuzyfro89Participant
“The only down fall is I've passed the exams and need experience. Is there another way to get the experience requirement for Cali? Move to a smaller firm?”
Experience can be signed off in most states so long as your experience qualifies (read the board websites, but almost anything related to accounting/finance) and you are supervised by a CPA. I can't think of a situation why someone would refuse to sign. Most Big 4 firms have someone designated in each office that handles experience signing and licensing stuff, so it probably won't even be one of the people you worked for directly. You can also get this after you leave the firm by contacting HR.
Personally, even if you have to grit your teeth a bit, I would stick around for at least 1 year. It's hard to explain leaving sooner than that, but of course if you get a good opportunity then don't stay to appease some archaic notion of “loyalty”. I would say the earliest you will have good exit opportunities is right after your second busy season. Depending on your experience and how well you interview, you could get a bump to a senior position outside the company and a signfiicant pay raise (much more significant than if you leave after 3-4 years for a similar role). It's also a good time to leave if you plan to tarnsition into something else like fp&a, financial analyst, smaller public firm, etc, since you have the basics of accounting and research and whatever, but not so specialized that it's hard to train you.
Anyway, don't be a whiner. You found out it's not the place you want to be,a nd you realized it sooner rather than later. That's better than the senior managers who still don't know what they want!!! Get through it without getting fired, and line up something good to move onto next.April 2, 2015 at 4:05 pm #660608MydnightDarkfyreParticipant
I work in a large city, but my firm has a separate practice for financial services (all my clients are financial service clients). This inner practice has the reputation for being more ‘close-knit' – which is one of the reasons I picked them when I was given a choice.
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