750 GMAT. Out of all the CFOs I met during audit, none went straight from Public to CFO. My medium term career goal (>5 years) is gaining admission to a top 10 MBA program. 3.9 MS accounting. I actually had a guest cancel right around the same time I saw a Reddit thread asking for advice about switching from Big 4 audit over to corporate finance, which happens to be something that happened to me back in the day. Promotion draufsetzen? hide. May 28, 2013 at 11:42 am #414318. 2 yrs account manager at tiny ecommerce company. Have you ever looked at a 10-K before? Do your due diligence and research the schools you want to attend and craft great essays. 2. 16 comments . M7 seems doable if you get some type of extra-curricular leadership going. share. I didn't go M7 but I'm interning at MBB, so it's definitely possible. I can’t take this anymore- Big 4. Having been employed by a Big 4 Firm carries a lot of weight in the industry and can offer you career opportunities you couldn’t get elsewhere. Advise I got this time last year: do NOT be modest with your LT goals (you do not need to be curing AIDS or cancer but do show reasoning based on background, experience, etc.). I am hoping to get some advice on whether business school is the correct route for me. Dude, c'mon. Another big 4 audit -> MBA thread . I think people in big 4 have to be realistic about being a CFO. ~3 at B4 in audit. The other problem with audit is there is no reward for getting work done faster. The kids who get PE/VC jobs out of M7 likely had prior PE/VC experience. Close. Two years of experience there and VC/PE jobs after an MBA seem like less of a pipe dream. I have 3 years experience at a Big 4 accounting firm auditing asset management clients, am a licensed CPA and have passed level 1 of the CFA program (sitting for Level 2 in June). I actually did (or would have done, had I not left for an MBA) exactly what you are proposing. The Big Four audit firms, through a record-level investment of billions into AI technology, are drastically changing the way they have traditionally operated. But audit has the better exit opportunities. You will have far better exit opps down the line once you decide to leave TS/val if you're at a Big 4 firm. Fuck audit. Handicapping Your Elite MBA Odds: Mr. Big Four To Big Three. I know a few other interns who are former Big 4 auditors so it's not uncommon. They face a multitude of existential pressures all at once. It's a chicken and egg situation. Plus your GMAT! Big4 - Hallo, ich mache demnächst meinen Bachelor an der WHU fertig, vermutlich so 1,7. The fall semester is also the biggest time of year for recruiting—especially when it comes to the most competitive, sought-after jobs for business, accounting, and finance students. Big 4 Accounting Firm jobs and internships are incredibly competitive. 1 year big 4 audit before gmat score expires. I thought may be I was not having the correct working atmosphere and should be shifted into a more professional company. It’s true. Another big 4 audit -> MBA thread. I would suggest spinning your audit career REALLY well into what you want to do post-MBA. Tax preparation, auditing and business consultation are the kinds of services that are traditionally dependent on predominantly human capital. You would think that working for a Big Four firm in auditing would positively impact your chances of admissions to top MBA programs, wouldn’t you? Archived. TE hier: würde später gerne ins Controlling Bzw in ein Finance Bereich.. Dachte Audit sei ein guter Anfang.. WiWi Gast schrieb am 04.07.2019: Habe ich mit folgendem Profil Chancen auf ein Audit Praktikum bei den Big4? Big 4 Audit is more debatable. Check out Big 4 Accounting Audit - Interview Tricks & Tips. Preparing for them can take years of school, clubs, and other accomplishments. If you get a top tier Big 4 job like FSO New York or Tech in Silicon Valley etc. That will be much more interesting, relevant, and appealing work experience to MBA admissions and VC/PE recruiters...you’ll be doing due diligence on deals for VCs and PEs. Transfer to Advisory, go get your MBA, work your way up at a F500. Virtually no one gets PE/VC without prior buy-side experience, and even then it was tough. I had a bachelors/masters in accounting, was a CPA, and I too scored a 710. I also applied ED which I'm sure helped my chances due to the limited number of accountant spots for each school. If you aren’t going to be partner, get the hell out.In a 2016 research paper published by the University of Tennessee, the authors outline average earnings through age 37 for CPAs in the following buckets:1) Never leave public 2) Leave after senior 3) Leave after managerNo surprise that those choosing to stay in public can expect to earn $ My undergraduate GPA was above a 3.9/4.0, and I'd like to know what you think my chances are of getting into M7 taking my work experience and GPA into consideration and assuming my GMAT score is within range (710 or so). (Hint: It’s not accounting skills — everyone at a public accounting firm has those.) Be Excellent. of Rochester, Lehigh type schools). He left as a senior. Am I doomed to travel if I go Big 4 Audit, or just Audit in general? Identify Your Goals KPMG, EY, PwC, and Deloitte are all well known, global brand names. Graduated from a T10 school 5+ years ago and have been in BB IB since. Chancen Big 4 Audit. T15 schools will get you into IB just as easily if you want that. I've just been promoted within my Big 4 audit practice to senior after having been here for 2 years. OP, I'm going to be blunt with you, as others have mentioned, unless you are a URM or have outstanding extracurricular, I think M7 with a 710 is pretty unrealistic. As it stands, a 3.9+ GPA and WE at a name-brand company (especially if you've gotten promoted once or twice) is a strong foundation to build on. 1. I have many friends at Big 4 firms who switched to TS or val after completing their second year in audit. Dude I would bet you can get into an M7 with your background. 56% Upvoted. Hallo zusammen, ich habe gerade meinen Studium mit einem nicht rein betriebswirtschaftlichen Bachelor (ungefähr 40% BWL-Anteil) ... 1 . Also - don't get hung up on M7. I worked with someone in Big 4 audit who wound up at one of the top 3 MBA programs. I believe all of the big 4 accounting firms have some sort of tech accreditation like EY badges at this point. You almost certainly need 750+ with your background for M7. First, traditional accounting has been hit with a series of major (and expensive) auditing scandals, such as TBW-Colonial and Lehman Brothers in the US; Carillion in the UK; and the Guptas in South Africa. So, get involved with something now that you’re passionate about and can knock out some tangible accomplishments over the next couple years. Aim is MBB out of B-school so I was thinking about trying to transfer into the Big4 consulting arm (but my firm's consulting arm is considered very weak in comparison to others). My ultimate goal (at least my thought now) is to be working in Private Equity/ VC as an investment professional. CPA. I am a Big 4 auditor headed to M7 with 3 years WE. I would continue trying for that route, if I were you. My plan entering the Big 4 was to think of it as "further graduate education" insofar that I don't aspire for a career in financial reporting and this job would give … There needs to be an intermediary step(s), preferably before b-school to help set you apart in applications. If I were you, I would make a change ASAP. Learn about MBA programs, applying to them, and what life is like while in one and afterwards. Sorry for the delayed response. New comments cannot be posted and votes cannot be cast. You could get hired as an accountant before you even know how to do the job. What I was mainly trying to get at is the average year over year salary increase when you include partner compensation. April 23, 2014 at 1:55 am #185072. klink24. Another aspect will be extracurricular involvement - something meaningful to you personally that you can speak to. save hide report. 3 years in Big 4 audit (Senior Associate) - Made peanuts. If you can nail the GMAT and show serious involvement in an Extra Curricular that you enjoy, I think you can be very competitive at any non-HSW M7, and a shoe-in for several T15s, provided you execute the rest of your application well. Deloitte has most reason to be nervous. Vielen Dank für deine Antwort dann werd ich’s mal angehen :) 1 . Like the title says, I've worked in Big 4 audit for 2 years (already have the CPA) and will be promoted to senior in a couple months. The result was shit. Two things to consider: ... No pun intended, the Big 4 are big. antworten. As long as their are job listings that have Big 4 experience preferred on them, people will go to the big 4 for their voluntary slavery. Then you'd pretty much have to network your ass off making connections to eventually break into PE (which is insanely uncommon for post-MBA IB associates). Posted by 5 years ago. New comments cannot be posted and votes cannot be cast. 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