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If you are starting as an Audit Associate some time from now with Deloitte or any of the big 4, do they expect you to have passed/completed all 4 parts by the time you start? Received the Becker Reimbursement email from the recruiter not too long ago but have yet to start. I’ve seen plenty of people get to Senior at a big 4 firm without the CPA so I am a bit confused in that aspect. Any helpful feedback will be very much appreciated.
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IBM does the same. And if you leave or are let go before he end of the year you lose out on the match
Match comes at end of year? That’s weird. Sure you’re not just looking at the portion that becomes vested? That is typically a once/year event
Op it will be okay
Doesn’t all of the Big4 have pension? Thats no excuse for a lower match.
Agree with DD1, most companies match at end of year based on your contributions and the amounts are so small on an individual basis it doesn’t make sense to introduce all of the complexity involved in accelerating payments. The only real benefactor would be vanguard.
DD1 and KPMG that isn’t t correct. Most match biweekly or monthly
DD1 you are correct that it is not much money. It is one of the worst matches in the industry. People comment that it is free money but that is not correct. We work for pay and benefits. D should care more for the rank and file and not just partners
Vanguard concludes that “investing immediately has historically provided better portfolio returns on average than temporarily holding cash”
It's not like it's that much money. Sure, a 7% growth will grow your 1500 or 3000 a bit, but it's only that 1.5% match. The personal contributions start growing immediately, and that's what's going to end up being the vast majority of your retirement.
Someone mentioned in another list that D is raising to a full match to % of income. I sure hope so. This is much needed improvement to be competitive
We also have a pension, which I believe is part of the reason for a lower match
D1 does everyone actually get that pension or is D actually starting to exclude certain groups?
I can answer that for you. Yes, they are excluding groups while not giving a better plan for no pension
Op what do you mean they starting to exclude certain folks
They always excluded the delivery center folks from the pension, and certain levels of the Associate model (as well as Studio Associate) are not eligible for AIP (bonus)
Can someone tell me how much the firm contribute up to %?
Booz does it too.
DD1 why should the delivery center folks be left behind?