Don’t get why audit VC taken away at KPMG. Was told avg audit salary less than advisory due to the risk premium they have for potential recession. They still get full salary and job security now?

likefunnysmarthelpful
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No one is saying this but it’s 💯 correct. You can’t take the upside and force other people to take the downside.

likesmart

Shows where firm priorities are at. I agree 100% with this.

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That’s why I’m gonna transfer the hell out of audit. Zero upside

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Take me with?

likesmart

Nah we get paid more because we bill more

likesmartfunny

I’m in deal advisory and am at 130% utilization... along with a majority of my other peers.

Preach!

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The advisory folks will be the first to go when they aren’t able to bill anymore. Their ability to work and chargeability is assessed on a daily basis in a weak economy. At least that was the case in my days in the Big 4.

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Different reactions in different firms, I guess. Nationally our firm's layoffs are very heavily weighed towards advisory. Audit and tax are being largely untouched by COVID-related layoffs.

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As well they should

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