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This hits home.
Any female fish from nyc area?
Current m7 student. AMA
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What's the typical raise from A2 tax to S1?
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Eh, there's a lot that backs up that the name on resume doesn't do a ton, I do HR reviews of big companies that tend to hire a lot of PA kids. They pretty much tend towards smaller firm people, because they believe they've had more exposure to more things. Which is relatively true, I was already leading full engagements before my first year was up because I'd had so much exposure to every piece of it. It tends to be B4 people don't get to see everything very early because they're scale severely limits it. Basically, smaller firms are doing smaller engagements with smaller companies, which means by necessity you have to be exposed to and do everything very early on.
Agreed that your first few years you might see more at mid tier because the demands are different. When you're leaving PA as a manager though, it doesn't matter that you in charged jobs your second year. That's only relevant if you leave after two years. The experience curve catches up at B4 in years 3-4. Also the exposure to large accelerated filers and Fortune 500 engagements can be a game changer for a resume. All depends on what you are trying to do and certainly mid tier experience can be great and there are a ton of highly experienced and knowledgeable individuals at mid tier. I just wouldn't say that there's zero value in the B4 brand and experiences. There's something tangible there.
Everyone non B4 gives the same "name doesn't matter" argument. The name does matter long run, there's a reason why they're known as B4.
B4 doesn't pay more than smaller firms, they pay less.
Makes sense. Within range of NYC staff 2 salaries
I see what you're saying with exposure, but I also see a ton of job postings saying "big 4 experience a plus"?
Makes sense, also smaller firms like Eisner offer more $ than B4 for staff 1 year to try to entice you
I was getting paid $68k during my second year as an associate in NJ office (which is within NY metro pay scale) 5 years ago. So yes it does make sense.
Also B4 does more than audit. Examples above seem focused on the audit practice. I've worked in both mid tier and B4 and I'm definitely learning more and gaining more exposure to valuable knowledge since joining B4. But my goals are to make partner and the upside is much more with B4 with that career goal. Everyone's career is different so it might not matter to some people.
Yeah I'm confused I just don't see how a Fortune 500 would want to hire a public accountant that's never worked on a Fortune 500 client over one that works almost exclusively on Fortune 500 clients?
I know someone who started at $60 there at NYC , so yeah, no bull
But for iesner? They pay as much as B4?
That's still only like $40000 after you consider NY COL
^except PwC and their crazy bonuses
I mean, we get bonuses every quarter and yearly bonuses. And we still get paid more year over year so I'm not sure if bonuses make it better.
OP: At the time I started with Crowe, B4 kids were at 50k and I started 56k in the same cheap COL market.
Depends on market. Big cities it's all the same. No discernible difference. Maybe a couple of grand, but in the long run that doesn't matter.
With the noted exception that you're applying to a company your firm is performing services for. As long as they have a positive view of the firm, they're most willing to hire people that are already familiar with their layout.
It really depends on market and company. Financial Reporting Manager position at a large accelerated filer is likely going to lean B4 much more so than a senior accountant at a mid level private company.
^B4 gives you more opportunities to get the requisite experience. For example, Financial Reporting Manager at a public company. The role required SEC reporting experience, SOX experience, etc... B4 candidates will be much more likely to have these skills, as mid tier firms just don't have the same client load. Agreed someone from Mid Tier that has the experience can also get the interview, but having Fortune 500 SEC reporting experience will be a huge leg up. How many Fortune 500 clients does a mid tier even have? Maybe 10 throughout the entire firm? The experiences just aren't as prevalent.
I started at $58k in NYC in risk assurance, second years are making 60-65.