All the talk is that we are heading into a recession within the next year. What impact will this have on those in public accounting and our exit opp considerations?

like
Posting as :
works at
You are currently posting as works at

Probably one of the safer places to be during a recession.

like

Private will do massive cuts to bring down costs to appease investors. Public accounting will do cuts as well but not like private. Big4 will get hit hard as they always get hit, especially consulting and M&A work since both will slow down during a recession. Mid level and national firms will definitely see some layoffs but if you group is profitable I can't see them firing people. But if your group starts losing clients left and right then I'd be worried.

like

Not an auditor, work on deals so a little nervous

like

Old heads tell me that BIG 4 didn't lay off during 08 recession. But people just didn't get hired/raises/promotion like before

like

Also heard about laid off in FS advisory recently

like

I echo @CroweHorwath1. Indeed, a very stable industry in rough times.

like

I'm usually a bear, but I don't see a recession coming - at least not a bad one with layoffs that will affect us.

like

PwC laid off 15% of advisory. For those that mentioned business school - there are still things that need to be considered - application volume will skyrocket which means acceptance to schools you were a shoe-in for before will have also decreased due to more competition.

like

Get on some Govt audits...you'll always be needed. I do small private and govt audits

like

PwC laid off people in 08 and 09. Mainly manager +

If I get laid off I plan to get my MBA!

Well I'm going to law school next year so eh

Related Posts

Hello everyone, I am a fresher and I recently joined a management consulting firm(3 months) with 12+LPA and I realised MC is not for me.
I tried giving it a shot for the first 2 months but then I am just dragging there after. Anyhow yk how it's in MBA, campus placement leli without a thought plus lack of experience in everything. It's tough out there.
I am desperate to switch to creative/marketing/branding/advertising. If anyone could help/guide/refer me in the right direction that'd be great.

like
likefunny

Hi Fishes,
Looking for openings in WMS domain (Manhattan WMS Experience)
YOE :3.5
Thanks in advance 😊

like

I have a partner interview for life sciences senior consulting position at Deloitte. What types of questions can I expect to be asked for this role?

like

Has anyone been in a Corp dev role at a PE operating company throughout the entirety of the holding period? Did you stick around after the exit? What are exit ops like? My fear is a Corp dev team is the first to go especially if picked up by a strategic. Any thoughts?

like

Hi folks ! I’m also at the final round interviews for a product role at a startup, and I’m now having an existential crisis. I know McKinsey is not the best place to grow as a PM (despite its numerous other career benefits), but I’m having trouble figuring out what I want. I’m a healthcare based PM here , and this role is at a health tech startup. I may potentially get a bump in salary, but not sure at this moment

likehelpful

How do referrals work at McKinsey Digital? I want to prepare my friend the best I can before they refer me. Should I ask my friend to call out specific examples in my experience that would make me memorable to the hiring manager? How successful are referrals at McKinsey Digital? I'm on the data science side of things at KPMG. Would love and appreciate any advice. TIA!

like

I am Senior analyst, ctc 5 lac in RA, 2 Yoe.
I am severely underpaid, might get promoted to consultant next year. Should I switch or wait for promotion?

like

Hi Fishes,
I am looking for a referral in TPM/ Senior TPM role. Kindly let know if either of you can. TIA

like

Are there any scholarship opportunities or aid available to students taking the PMP? My university does not have any and I’m interested in taking the exam. TIA

Can anyone give me a referral to T2 or big4 in Dubai?

- currently manager with 5 yoe in strategy and "through" part of "strategy through execution"
- with a few CDD and PMI experiences and digital
- pharma and nutra expertise

like

Hello, I am a healthcare professional looking to get into practice management. I have a background in physician compliance and a masters in healthcare administration. Any tips on how to get into practice management?

like

Went out of a case interview one hour ago. Just checked LinkedIn, and the company just posted the reposted the position I am interviewing 35 minutes ago.

I am feeling like shit

like

Hi All,

I am struggling to get calls for DS/ML role after applying via Naukri & Linkedin.

Years of exp: 3.5
Relevant exp: 1
Skills: ML algorithms, Python, SQL, AWS

Please dm me if there is any opportunity at your organisation or somehow you could guide me.

like

Help the baby executives please! For the seasoned executives - Thinking back to your first executive role - what were the biggest mistakes you made and how did you recover?

Post Photo
likesmart

How can one move into deal advisory/Strategic consulting from a accounting/finance role.

Need suggestion from you folks !

like

I am interested in taking a new position at my current job - Electrical Engineering and Production Manager, in the Chicagoland area. Whats a good salary for this position? Is there anyone currently in this role - what are some of your duties?

like

Received an Amazon inclined recycle outcome in August for L6 technival position. Told I needed to mini loop on another role for placement. Fast forward to this week, requested to interview for another L6 technical position - they want to do full 6 hour loop. Sys Dev Manager first role vs Sr TPM for 2nd role. Annoyed... 🤨

like

Any openings for fraud prevention related jobs...

like

More Posts

How many days Wipro takes to release offer letter once we have received letter of intent

like

Has anyone gone from public accounting to FBI? Curious about how the transition has been, looks interesting.

like

We are exploring having a third party come in and assess our I&D efforts across our company. We have many locations across North America. Is anyone aware of an entity who does this? We have found questionnaires through target organizations and have done anonymous employee surveys but are hoping to find someone who can do an assessment for gender, minorities, disabilities, 2SLGBTQ+, etc. and provide feedback on the actual employee experience and where we may have blind spots.

like

How much it takes to get offer letter after hr discussion in mindtree, I got selected mail in 5days after hr discussion , it's already 9 days and still no offer letter received

like

I applied in Accenture through referal 3 month ago and got call from HR that they will arrange technical interview but nothing after that. Also not able to re apply on Accenture portal. What should I do?

like
like

Anybody working with HudsonMX? What's their business model?

Hi does anyone here work for BlackRock? I had a quick question about one of the groups over there and was looking for some insight.


TIA

like

What is the average salary for a Senior Associate at PwC ? I am looking for a Developer Role. I just wanted to understadn the compensation and work life balance at PwC ? Deloitte EY

like

Hi Guys, I have joined EY GDS on this January so I was told that I am eligible for the appraisal which usually happens around September and will be evaluated on Pro-data basis. So I want to know how much hike I could expect and usually when it will be start to reflect in pay? EY

likehelpful

Can you be married to a partner at another Big 4 if you’re a partner at a big 4 (I.e. If I’m a partner at pwc can I be married to a Deloitte partner)?

like

This is an inclusive survey, but I wasn’t prepared for someone to identify as their bonus.

Post Photo
funnylike

Cut my yoga session short today because I was feeling extra sad and overwhelmed. That sucks. Oh oh.

like
likeuplifting

Which company allows you to take the most maternity/paternity leave? What's the longest you've heard someone from your company taking

likesmart

The Olympics begin! And Canadians to sweep all sports. Canada recently invented a new sport, “crokicurl” a mix of a board game invented in Ontario in 1876, and curling.

Post Photo
likefunny

Heading to Puerto Rico in a couple of weeks. Any must sees you would recommend?

like

Does anyone know of an expert in financial marketing we could hire as a consultant?

like
like

Hello guys after working for 5 year in service based companies is it possible to switch to amazon or any other tech giant?
Will I get Calls for interview?

likesmart

Additional Posts in Accounting

Looking for a new office chair at home. Any suggestions?

Two key qualities: comfortable and adjustable

Price is very flexible. Much rather pay more for a nicer chair than get a deal.

Thanks!

like

Anyone else feel like the office token?

like

Are there any extra perks/bonuses year end for big four?

funnylike

When you're 1 day from issuing and you keep finding lovely surprises in the work papers left by your associates.... Oh the joys.

like

Should my snapshots be all partially next level and next level to get through my PIP successfully in three months? I don’t want to give up. Advice and tips please!

like

How do you deal with extremely nosy coworkers?

like

What's the typical raise from A2 tax to S1?

like

Do any of guys use the Robin hood app?Can we even do that?

like

Hi tax 🐠,

I have a question for those who prep individual tax returns. My parents claim my grandfather as a dependent on their tax return and due to their low income, receive PTC for the premiums they pay on his insurance (not eligible for medicare). However, would it be advantageous to have him file for his own tax return (he stays with my parents and doesn't have his own proof of residency via bills). If so, can he get PTC if his income is 0?

like

Audit Manager or Senior on the Manager path:
If you don't like what you do, why/how do you stay until now?

like

I am looking to get into tax tech. Do you have to have a tax background to have a shot in tax tech or do ppl in tax tech hire from diverse backgrounds?

like

Can anyone go into further details on what transaction service does? In understand they do due diligence on buy and sell side deals. But I was wondering if anyone could talk about deliverables etc

like

Has anyone from PwC know yet if they’ve been promoted? When do they usually start telling you?

like

What’s the Nashville market like for all service lines?

like

Do new audit staff at PwC have access to Independence Checkpoint? I want to preclear an investment but I can't seem to log into the tool.

like

Looking for someone to recommend me to a tax tech group at Deloitte or PwC. Thanks in advance

like

Management at my job is like Jeakle and Hyde. They can be insane one minute, making me want to work somewhere else and then nice the next, making me wonder if I'm over reacting. Anyone feel the same?

like

Which offer should I accept? Currently staff 2 at big 4 in Tax with CPA license. I want to leave tax ASAP. Both are public companies +1B in revenue and same salary. Offer 1 - staff revenue accountant so reading contracts, speaking with the sales team and legal team, a lot of work at the end of the months to close books and reconcile transactions to make sure we are ASC 606 compliant. This track usually leads to director of revenue. Offer 2 - internal audit staff so SOX and compliance projects.

likefunny

Does anyone here use Avalara or Vertex? Interested in hearing any likes/dislikes and how the user experience is.

like

So "J" in US is like blow in UK. Comprende?👍🏼 gimme five if u get it....(high n low)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal