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Hello! I recently applied for a Travel Procurement Senior Manager role at PwC (role is in NYC and I’m not NYC-based but I believe certain roles can be primarily remote). I have 5+ years of experience in this field and the description/company culture seem like a perfect match to what I’m looking for. Are there any fish from PwC and/or their talent acquisition team that can provide a reference post-submission and insight on the hiring process? Thanks!!
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Survived day EY Purge Day 2 in my office
What is salaries for Audit Senior in NY?
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I don't think you're getting screwed that much if you haven't actually been a senior. It's a lot harder to get a job change and promotion with new company. I think from a business standpoint they have a valid reason. I think if you truly have the skills to be senior you'll get quick promo anyway. Don't sweat it
AA1 - SEC audits require way more than a private AICPA audit. There isn't anything in AICPA guidance that isn't in PCAOB guidance, however there is a shit ton more in PCAOB guidance than AICPA guidance (Internal control testing, C&A, reporting, etc., etc.) just take a look at the financial statements for a private company and then look up google on SEC.gov.
HUGE DIFFERENCE
Fuck that
That's a joke! You let them bully you like that. That's worse than a B4 telling someone who has 3 years and a cpa that they do not qualify as a senior because they have no B4 experience. Know your worth.
As someone who used to work for in a regional firm, this is absolute garbage and scammy.
That's exactly what I'm saying. I work on both SEC clients and private clients and the only difference really is the SEC has significantly more requirements like you have to do quarters, SOX testing, etc.
That's ridiculous, you must've shit the bed in the interview then.
Haha they are trying to fuck you, raw
^ the other difference is the extent of documentation. More accounting memos etc.
I think this makes sense for the following reasons. The first two years at a B4 are significantly different than at a smaller regional. At B4 you're asked to do mainly just testing. Especially if you're coming from a large public filer, you've probably not been asked to perform much accounting research, write technical memos, or develop testing plans at the 2 year mark. This is something that regional firms associates likely will have done in first two ears, as they need the associates to pull more weight earlier due to the size. In this sense, you may not have the requisite skills to run engagements at the smaller firm. Many engagements have only 1 senior, so you'd be running the show, circulating PBCs and basically running the entire fieldwork. Your two years on a large public filer have likely given you very little (if any) of this experience.
Shit at PwC the entire audit was a checklist. Each testing step has a pre-populated form with all the necessary documentation and procedures. Contrast this to mid tier where you get fucking nothing and have to create your work papers from scratch (or follow PY). You need to document your purpose, scope, procedures, etc... there's no checklist to follow like at B4
Ok, sorry, I hadn't read all the comments before I commented above. There are good points on each side. However, unless you really want to stay in public, I'd go for a senior accountant role in Industry.
That is the dumbest thing I've ever heard. I would understand if it was the reverse and you had no SEC experience or never worked on large audits. They're trying to screw You.
There are arguments both way. Going to a regional from B4, you are likely to deal with messy clients that require someone with hands on experience (at previous firm, I had a small private client with over 100 AJEs) If you've worked on large companies that are nearly perfect, your job has been ticking and tying the clients workpapers. Just an FYI - I know it's a shot to your ego but if you're not use to that it will be painful your first go around.
^ Sounds like all the audits I've been on.
My office does this after hiring too many washout seniors who didn't know how to do anything
This all depends what the smaller firm is saying. If they're saying "come in for one busy season, prove you can handle the workload and then you'll be up for senior in the summer" I think that's reasonable. Remember most firms end their years in the April - June time frame. Therefore asking you to come in and spend 1 busy season as an experienced staff before the bump to senior isn't that outrageous. Plus if you kill it, you can always make up that year later by getting an early bump to manager if you're a superstar. Also you don't have a job and no other offers on the table, so I don't really see what other options there are out there. Employed > Not employed.
^ Lots of people work on messy EGC companies at big 4.
If you only had 2 years at big 4 and never officially run a busy season as a senior PLUS you were laid off and don't have much negotiating power, taking one step back for a short- term looks reasonable to me. I worked at regional firm. It is tougher as senior because you have to do and know EVERYTHING and there is no support such as India, or any other internal consultations or even guidance. So you REALLY have to be good at solving problems because there is nobody to go to for help vs at big 4, every singe step comes with tons of checklists, guidances and a phone number to call.
^ What's the pay looking like ?