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Why big 4 pay big less??
Are EY raises based on a percentage or a flat $ amount? Going through the Big4Transparency site and I’ll be a Staff 2 making more than many B4 Seniors 1 and 2 in same/ similar service line and similar COL cities. A little nervous that I won’t get raises or will get very small raises. (I start in 2 months so I don’t have any performance goals yet). Also they offered me a base salary that was already at the top of the salary range but I negotiated for higher and it was accepted.
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Chief
There’s a lot more competition for talent where the Big 4 has historically had a stronghold. I wouldn’t say it’s losing prestige though. Frankly, they offer so many services there gonna be tops in some and bottom in others and everywhere in between. Being an auditor is different than supply chain consultant in Big 4
As long as firms that take folks from better backgrounds, top places won’t recruit from Big 4. A lot of it is intangible signaling value, which is kind of crappy, but there’s always been more talented people than positions for talented people.
Rising Star
Someone has had this exact same thought every year since the 90s
Chief
Great resignation is more about minimum wage employees, not Big 4.
Deloitte is considered as an Indian consulting sweatshop
No one mentioned Accenture?
People who work at b4 are the ones that really care most about it
They're well known because nobody else is willing to do the same work. Accounting and Tax aren't exactly the most creative or exciting industries
Chief
Right, Deloitte I believe is the only B4 where consulting is and has now long been the larger business unit
MBB or bust?
Chief
Prestige unless it translates into some kind of exit is meaningless. Name recognition and prestige are different things. Only consultants care about “prestige”
Prestige affects exit opportunity. It's not all about ego.... Ok it's mostly about ego
Rising Star
It’s just you. 😂
Chief
Big 4 are audit firms that provide tax advisory services, when did it ever have prestige? These companies employ 100,000+ people — can’t be that exclusive or prestigious 🤦♂️
B4 is prestigious to those who are at less prestigious firms