How to get into big 4 consulting reddit. For biomedical engineering, a 3.

~30% take a target MBA then move to IB. Chill lang yung interview ng manager sakin, tinanong lang kung willing to learn ako hehe I suggest go take your chance. _pH_. Just started in Valuations earlier this month. Big 4 Mgmt Consulting as a starting spot. , they would be strongly considered for the job. " Communicate clearly, be confident, ask the right questions, and show that you care about the big 4 and what they stand for. Reply reply. In a nutshell - MBB recruit from top schools, Big 4 The closest firms to MBB are the tier 2 consulting firms, like LEK, AT Kearney, Oliver Wyman, PwC’s Strategy&, and EY-P. Hence why they recruit differently. I did well at college and practiced interviewing for literally 6 months, and finally got into Big 4 consulting. Good luck! You need to be able to network well and sell yourself effectively. ago. I love the work, and I think I'm decent at it. Feb 28, 2024 · The Big Four recruitment process. I attend a respectable non-target state school and have a 3. EY has EY-Parthenon, PwC has Strategy&. PwC or Deloitte. They can tell you what the best route is to follow. Do some extra curriculars. Most Big Four firms run similar recruitment processes. advice from a consultant with 7+ years experience; 1. You should go to the career fair and stop by each company’s booth. What you're referring to is management consultants, and the good ones don't really go to big 4. We give you a step by step break down on each area of recruitment. Decent GPA + decent school + decent personality = Big 4 offer. Unfortunately PE does not recruit from general Big 4. Share. I've asked current students in a top 25 school to break down their numbers for a big 4 firm and it seems like only a couple were placed in what we would consider the strategy division. FYI - the hours on CDD are brutal. We would like to show you a description here but the site won’t allow us. When I exited after 2 years, I got corporate strategy interviews at a big media company (Disney, WB, Fox - 2 interviews, no offer), a big video game company (Riot, Blizzard, Activision - final round, no offer), and a big SF tech company where I am at now (Google, Microsoft . This is just growth strategy. JackTwoGuns. I've just gotten a job offer from a Big 4 ops consulting is easier but also pays half as much for just as much work. I've been an associate in management consulting for 4 months now and I LOVE my job. Onboarding was inadequate, and the leadership team was unforgiving. I was not a generalist. I worked at a consulting firm a tier below Big 4, somehow got put on a lot of healthcare clients, and hated it. I have 2 years of financial services Big 4 audit work experience and have passed 2/3rds of my exams. We've not even started, but after doing some center learning which I barely scraped through, I've seen seen that I'm booked for 45 hour weeks (plus 2 hrs commuting, hrs studying) for Hey guys, been lurking on this sub along with a few other related subs for quite a while. 7% (which makes sense, considering it’s also the biggest of the Big Four), based on 2,500 entry level job openings and 250,000 total applicants (which includes applicants to non-entry level roles). Apply well before the deadline and show up to the interview early. Good luck. If "ADI" (Accenture, Deloitte, IBM) recruit at your school, I'd say you have a shot if you are compelling in the interview. Though, expect that they will give you below market vs. California offices are huge and always hiring. Other consultancies. com It depends which (if any) Big4 recruit at your university. Look at the MBA class profiles from each school and see what schools place strongest in consulting. I live in London, UK. 5. FDD is performed by the Advisory group and CDD is performed by consulting. qualifications for advisory: have a pulse. MBB is extremely competitive but gives amazing exit opportunities and training. Big 4 is not too difficult. Each of these offer internship programs which make up the bulk of their recruitment. You either have it or you don't. They may be a target for other T2 firms as well, but EY-P has explicitly said they like bringing in Marshall students. According to her, for the amount of hours and work she's putting in (she's putting in at least 52 hours a week), she is earning way too little and instead she feels she should be earning least 5 figures ($10k or more) considering her peers in consulting, engineering and banking. Apply early and apply to all 4. it’s not brain dead easy to get, but you’re not competing to get into a top law or consulting firm. Starting at a (big 4) consulting is investing a lot in your self development. No, it's not as helpful as it is in audit or tax, but most consultants do go on and get some kind of license or certification relating to their specialization. From what I have found. The thing to understand is pure strategy consulting is way different to audit. Sep 27, 2019 · McKinsey & Co, the Boston Consulting Group and Bain & Co, also known as the MBB in short or the “Big Three,” are the three top firms in consulting and are some of the most coveted places to work. its a given. In my 20's I got a paid intern gig that was completely amazing for the time. Big 4 definitely have better brand name but the people and culture at BDO (in my city) seem great. 8. Big 4 audit to M7 MBA. yes, quite literally similar to a children’s story book. EY and PwC are harder to estimate. . Wonder if there are current students/alumni who can back this up. MBB would likely require an MBA. Just because your accounting professors have been pumping oxygen in the room every time a big 4 is talked about doesn’t mean it’s a great place to work. The Big 4 firms in management consulting are Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC), and Ernst & Young (EY). But recently I've realized how much being able to form relationships matters in Consulting. Sure you can argue about the many Big 4 that also go onto great MBA programs, but this isn't the norm. knowing what you can do and what you cannot do and negotiating with managers,clients etc is YOUR job. That's because your resume gets to two people: the non-technical HR person who you need to impress, and the technical interviewer where you need to be able to back up anything on your resume. I concur with the T30 cut off as a bare minimum for big4 strategy like EY-P, Strategy&, etc. I came from one under Consulting Services - IT Audit and have no related internship experience prior. EY post-MBA management consultants make $10k less than EY-P Equivalent to explaining Big4. I was just wondering if big 4 MC (operations consulting to be exact) can also exit into IB and other high finance roles, or perhaps a Tier 2/elite boutique consulting firm after It is possible with a lot of networking, but your best realistic chance if you really want to go Big 4, is to work for a smaller regional firm first for 1-2 years or to do a masters program and then go through Big 4 recruitment. The keyword here is "can", good projects tends to be difficult to get into, but if you are great at networking you should be fine. Not an uber competitive field. KPMG. 10% go straight to IB. You have many learning resources (which are much more limited in industry). Other firms which are strong in Australia include LEK, ATK, Strat&, Accenture, Oliver Wyman, alongside the Big 4. Have a good elevator pitch/answer to "tell me about yourself. I would venture a guess to say if some top ranked student at Harvard applied for Big 4 and had the accounting credits etc. Pretty much like that. To get more professional experience, get to work and Jun 14, 2023 · The compensation is less generous at the Big 4 than it is at McKinsey, BCG and Bain. I started as a staff auditor at a midsize firm this year and I’m trying to move into IT consulting. Choose one and move on to green pastures. Especially strategy and MBB. Depende talaga sa negotiation. I think this is some real solid advice, and I wanted your perspectives. If you can get into T15, go to T15. I was fired for simultaneously failing two of the final exams in the curriculum despite a nagging medical issue. Things like FAAS, CMAAS, FDD, etc. Big 3/Big 4 can afford to be picky with who they accept. They even told me that they are close friends with another executive at one of the world’s largest investment banks, and one day that executive told them: “[Big 4 executive’s name], when will you get a real job!”, and they laughed. REALLY easy if you read this sub though. Yeah maybe there's some networking there and some passion but those 3 are the table stakes. A friend of mine has been working in a big 4 for over 7 years (Manager) and drawing a base salary of $8k-ish per month. There's things like "tech strategy" that are nebulous but it usually falls under tech consulting umbrellas in most firms, so these From my personal experience, I managed to get into my firm’s consulting arm after an audit internship. if you are a normal-ish person - pretty easy. Reply. Big 4 in India specifically suck dick. You wouldn’t be able to just apply for jobs on that Big4’s website; you’d need to go through your school’s career center. Speak to the campus recruiters in-person when they're on campus and get the name of a contact. Maybe say you have a tech background and you’re really tldr; Joined a Big 4 consulting firm in 2022 with high hopes, but the reality was far from ideal. No. For you, the CPA makes some sense but you have other choices. Tbh getting into big4 in any team is not too difficult, within a few years if you keep trying. Although MBB firms virtually get all the attention, the Big 4 firms also To do it, you need to get an advocate, a Partner or the like, who is willing to make the case that it is in the best interests of the firm to have you switch. Looking for some advice, Would love to hear differents between exits ops of deals vs consulting. The Big Four is not very competitive either. That happens. EYP and S& <> general big 4 consulting, even though those groups are within big 4. riprydah. 8. I was in industry and specialized in a niche which got me into in Big 4 as a SME consultant. It’s one of the worst out there. The partner who did my interview said he could connect me with a partner in M&A if that was my goal. Not common, but possible if you really want to. The truth about advisory. 5%, based on the 304,000 applications it received to its 7,500 roles (including 2,000 entry level ones). If you can get into M7, go to M7. yes, accounting isn’t hard or desirable. 5 years in to move to a non Big 4 consulting firm that has better pay and better hours, with the same exit opportunities I’d have at Big 4. It's more about not being awkward and anti social than it is about gpa. If you really want to get into PE you will need to lateral. The Big 4 typically do their internship recruitment very early on (first couple weeks of sem1 penultimate) so make sure you No, I’m saying you get into big consulting as an experienced associate. For biomedical engineering, a 3. Consulting and finance cares about 3 things uni/grades, professional experience, and relevant extracurriculars. You should expect a slow start for a month or two. As far as consulting goes -- the Big 4 firms and most national firms also have pretty good advisory practices as well; for consultants you sometimes get the feeling that if you don't get into MBB immediately out of undergrad your life is over but that's really more of a college student mindset rather than anything real. If your school isn't a feeder for one of those firms, I don't think you have a shot. If you're talking about promotion to Senior Associate, it's pretty normal General project management, dealing with clients, budgets, making decks, etc. 4%). Look at each company’s website and see what they’re saying on there about why that firm is so special. I've also heard it's a lot to do with networking skills. You will be doing entirely reserving work - likely reserving audits. 1. That's it. Operational or advisory consulting is easier to break into. So obviously the ATO pays more initially. Go to big 4 networking events and interact with them. Yes, but after adding a Big 4 to my resume I got like 90% of answers, instead of 10. If your primary goal is salary, look elsewhere. A community for consultants across industries. The term “Big 4”, however, comes from the accounting industry where these four firms dominate the market. I'm thinking about applying to Big 4 consulting (Price Waterhouse Coopers, Ernst & Young, KPMG and Deloitte) and I would like…. 3. The only purpose anyone has for working there is to suffer in accounting hell and leave. Can someone pls tell me their experience and some questions I have 1- Was it easy to get the gig in the Big 4 consulting - Manager role. It is possible albeit hard. If you want to do this within your firm, you should consider making a switch to an offering within Risk that works closely with MC. Skip a step and move forward. 5 is the GPA cutoff for these. Be really interested and friendly and have your resume with you. 5+ with perfect extra curricular applicants. There’s also other service lines in big 4 other than accounting so have a gander and see if there’s anything else you’d prefer. Pretty sure all the Big 4 firms have their own consulting practices too. I showed up to the interview all ready to kill it with my answers to every encyclopedic or gotcha question they could throw at me. You will get the opportunity to work for many different organisations, collaborate with lots of different team members and clients, etc. The work environment became toxic when projects were scarce, and internal politics played a huge role in job security. Your busy season will be about a month in the fall (November-ish) and a couple of months (Jan-Feb or mid March) in the winter. I have been lucky enough to get into a Big 4 Deals Advisory rotational program where I am going to do rotations across several different groups in the Big 4. Pay cut is possible if you're earning "too much" for Big 4 standard. I don't think it's this easy to break into management consulting. can design slide decks and change text fonts (bonus points if you get artsy with it) have the ego of a god even though it’s the easiest work. I know a lot of audit people that want to get into investment banking use Sure - the next step would maybe be going to strategy as a Manager once you have some experience under your belt. Generally, the best path into consulting would be to build up 3-5 years of solid work experience at the minimum at a top firm, do an MBA from a target school, and then break in at the associate level. 5. Trefnwyd • 11 days ago. If you can get into T25, go to T25. Advice and questions welcome. You’d be coming in as a Staff Consultant through campus recruiting. There’s not much SALY in tax consulting like there is in audit. Just graduated college so lots to learn, worked really hard for this especially my senior year. Do summer internships. What kind of consulting are you talking about? I think this sub tends to only associate consulting with hyper-selective strategy consulting, but that's a relatively small but prestigious part of the consulting industry. I’m not thinking about switching anytime soon but just curious where people go from here. Every T25 will provide you the resources to break into consulting. It's possibly the most high burn type of project. Many Big4 have their list of target schools. according to members from the school’s consulting club, Marshall is a target for EY-P. I am thinking of going to a Big 4 consulting - Public sector from a policy role that I currently hold. Feb 7, 2023 · We can estimate that based on job openings for students, Deloitte’s acceptance rate is around 3. e”. The ATO pays 78k per annum for the grad role and upon completion of the training I will earn 87k per annum (super inclusive at 15. I have my CPA license and want to know what are the chances of breaking into consulting and if I should aim for my firms consulting branch or if one of the top firms are even a possibility. For a student without either of these, it is definitely more difficult but not impossible. A recent article in The Time exploring the Big Four (and KPMG, especially) revealed that PwC had an acceptance rate in 2022 of approximately 2. 9 GPA with great credentials. I interned twice at a Big 4 firm and secured a full-time position there. Its going to be very difficult breaking into MBB without a target MBA. You should try to network with the consulting folks during your internship and try to get an interview for the consulting group. It's exactly as it sounds, helping clients create a strategy for realistic and responsible growth, whether organic or inorganic. EY audits the majority of the big cap tech companies which limits them. " Plan to Get Back into Big 4 [UK] Hi Everyone, I'll just cut to the chase. which all of that you can get in audit. have basic excel skills. The thing is by the time people reach manager age they are tired of consulting and the hours/lifestyle and usually exit. I've worked in the trenches as an associate, participated in recruiting, filtered resumes and interviewed. It’s nothing personal at all. I’ve since leveraged that experience about 1. Key is persistence and at that junior level, just showing that you're keen. Meanwhile big 4 starting salary is around 65k per annum (super inclusive). Even ticking all the boxes (perfect grades, amply extra-curricular activities, etc) it may still take years to get a foot in the door. g. It depends on your area. 5 is pretty damn good. thirstyrunner • 9 yr. Now I work at another company doing client services and…. The second is to become an expert in your field and lateral later in your career. From there it's a relatively easy lateral into a Big 4 Strategy team. Big4 is always hiring. Albeit they take in more accounting grads than other specs. ”. audit too easy lah, everyday need people, cuz no one like the super super long hours audit job with little pay, yet high expectation and responsibility. I am thinking of getting MBA while I make senior at Big 4 and then think about making the move. I don’t know how much big 4 pays after the first year. See full list on consciousbykomal. Got on an audit grad scheme in the UK right out of uni and a week in, I don't think I can do it. 4-3. Hello, I have a good chance of receiving an offer to do management consulting at in Advisory at a Big 4. Reach out to the campus recruiters for each firm and tell them you are interested in Technology Consulting. New comments cannot be posted and votes cannot be cast. Deloitte’s application process has four stages; an online application form, an “immersive” online assessment that involves “numerical, verbal, and critical reasoning” questions, a job simulation, and a final stage assessment that varies depending Big 4 Valuations/Modeling Exit ops. These firms are routinely contracted by some of the largest organizations and companies in the world, from The Vatican and British Airways to ADMIN MOD. No, tech consulting is implementation, not strategy. Not sure if I’ll get into the top schools. I work in the Big 4 and have worked in recruiting within the Big 4. Currently just over a year into my job as a big 4 auditor. If ever there is, not that much. If it doesn't work out, there are two post-undergrad paths to consulting. My plan is to graduate with a degree in Finance, Accounting, and Business Analytics, work at one of these firms in their Audit service as a CPA, and ideally get a firm to If you're open to coming in at a junior or entry level position, it really isn't too hard at all I'd say. • 1 yr. “For the sake of consistency spell out KPMG and make it the same size as PY. If you rely on your scheduler, then you will most likely be assigned undesirable clients or projects. Exit-ops for Big 4 is generally corporate/industry. But tax consulting, imo, prepares you better for management consulting for a few reasons: Better analytical skills. The short version - yes, it's helpful. Career. for your big 4 non-strategy questions, pay is very slightly lower (e. A week into big4 and don't think I can hack it. Attrition rate there is high due to volume of work and low compensation. IT audit is a good field to be in - typically less hours than core audit and more pay. industry/private. High school student trying to decide on an accounting program vs economics and Here are my thoughts about Consulting at Big 4: Pros: - The learning is great. I think ~3. Big 4 is relatively easy to get into but won't deliver anywhere near as much. See my original comment, you need to be at MBB or other selective strategy consulting firms. I would be getting my MAcc as well as a BS in Fin. Equip boomerang using the item menu and then press the x button to throw. A lot of big 4 "consultants" do very accounting-related jobs, take risk advisory (IA/IT audit), financial advisory (due diligence/valuations), accounting (CMAAS), tax advisory, or forensics. can tell stories to clients. This is reflected in the compensation that consultants at the two sets of firms can expect to receive. Feb 7, 2023 · Very hard indeed. 46 votes, 29 comments. If you don't have them, someone else does. Average overall GPA for my intern and starting classes were around 3. May 31, 2013 · I agree with previous posters: GPA is a huge screening factor. I work at a smaller office but have a major F500 client (top 50 in revenue). Many of those going into these consulting jobs use it to get into a great MBA program and go from there (often times back into consulting). Deloitte is across the board the leader in consulting from a number perspective. so on and so on. Hi everyone. It helps to have some good work experience on your resume as well as excellent interview skills ie be personable and engaging and able to recall some great personal experiences if they ask. I am just guessing that the # of HBS students that apply for public accounting roles is extremely small. The minimum overall AND major GPA's to even get an interview on campus (let alone an office interview) was 3. The hard one is MBB (McKinsey, BCG, Bain). ADMIN MOD. Award. 4. The other path to consider is you Big 4 Deals Advisory (M&A) vs Big 4 Management Consulting. Control your hours, because there is always going to be more to be done. Pretty easy to break into. Compensations are pretty much the same. When consulting just needs headcount). Networking is important because it’s not why, but when (I. The interview went like this: Interviewer: "I see you were referred by "Important Dude". As the top-3 management consulting firms in the world, McKinsey, BCG and Bain charge clients around twice as much per day as the strategy units of the Big 4. Pretty much all 4 are the same, what makes difference are people working at the firms and how the partners treat the subordinates underneath them! Consulting - Bain, BCG and McKinsey Don't be fooled by Deloitte and PWC, they are big four for Tax and audit. The first is to take the best job you can and then go to a top tier MBA. In audit you already know the answer, in consulting you don’t even know the question. Self advocacy is probably one of the most important traits in corporate; 2. My question is, being in my first year at B4 financial services audit - what steps can I take to move to IB in the future. Probably Deloitte. Big 4 is more doable but you'd really need to rebrand yourself as a non-Tech consultant as that's definitely the team they'll try to bucket you in. Archived post. Big 4 is great in a sense because you can get on different types of project. TBH, I'd probably start in Accenture but kick ass and network my way onto the Strategy team. Networking is crucial, but so is understanding that Unpopular opinion: The big 4 may not compensate well financially, but the experience you gain and exit opportunities make up for the reduced wage. Accenture does have Accenture Strategy too. They do actual work, if not more than audit. More difficult to obtain = MBB I’d say, but if you can’t get those you could always try for the Big 4 consulting practices. 1k-4k difference considering CPA license or any prior experience. I am currently a sophomore in undergrad and I have an internship offer from 3 (KPMG, PwC, Deloitte) of the big 4 all for audit positions. If your primary goal is experience and future exit opportunities, look at getting into consulting at the big 4. Since this is an extremely busy season for them Posted by u/joelan1 - 1 vote and 6 comments The only people winning seem to be the partners at the firm just raking it in…paying us $20/hr or people in India $5/hr and charging the client $250-$300 leaves a lot of room for profit! Indian work culture is also extremely toxic supposedly. I would recommend a double major in accounting and MIS and being CPA eligible if possible. Not as an entry level associate. 2- Was it a very difficult transition from public to private. You can take as much learning as you want, in almost any field you like (Technology, Marketing, Strategy and so on) - The freedom of not having a direct manager. I used to help with recruiting for a big 4. Right out of college is the most competitive time, and they’ll get a crapload of 3. Probably financial risk advisory given your background. There are fewer and fewer students choosing accounting as their field of study every year, and even fewer pursuing the CPA. My long term goal is to be a technical expert; someone who knows oracle or SAP systems really well and can give advice on how to use the system, help transitions to new systems, build out custom modules, etc. Ask me anything! I've been working in the Accounting Industry at a Big 4 firm for the past 5 years. It's not useful, but it won't hurt to have. 18. I worked in consulting for a big 4 and was let go. •. And KMPG is KPMG. It’s easier to jump from internal audit to consulting because at least internal audit has consulting titles, true or not, but it’s pretty rough going from audit/tax intern to full-time consulting. I was there for a little over a year. PWC does most of my clients tech consulting and I think they are number 2. Your best bet is to probably try for accounting-related advisory roles. Have seen alot of people talking about exiting big 4 audit/deals/TAS into IB. pu up sn ym wv as by am tr le