My girlfriend thinks Big 4 is a pyramid scheme and they're breaking the law.

likefunny
Posting as :
works at
You are currently posting as works at

She’s not wrong. They are structured like a pyramid and their employees are always scheming

likefunny

All corporations are pyramid schemes. Lower level people do the grunt work and partners reap the benefits

like

Pyramid schemes aren’t against the law.

But Big4 Audit is basically one big conflict of interest.

like

It almost seems like the firms are hiring people and then selling hours for more than they cost and making profit in the difference.

funnylikesmart

What are you talking about? You either don’t understand our business or don’t understand a pyramid scheme.

likesmart

Silly, the work load is structured as a pyramid, but not the same as a pyramid scheme.

like

She's a keeper! She's a smart one. 😍 See? The Big 4 think they are diamonds while BDO, GT, and RSM think they are aspiring diamonds 💎 (but in fact emeralds) and others think they are rubies trying to be diamonds. Alas, they don't know the they all are just crumbs of the bread of that gets eaten by a giant.

likefunny

For those that don’t understand, that’s MLM-talk, it’s Amway or Mary Kay or something where you reach different levels based on recruitment and maybe sales

like

PwC doesn’t care

like

It’s a reverse funnel

likefunny

Ya prob because they make employees work so many damn hours and no overtime. And then they even use employees for recruiting and ish... soo ya I guess it could be like a pyramid scheme!

like

I can see that perspective but what’s the solution then?

My husband and I used to joke about the firms being a pyramid scheme.

What organization isn’t shaped like a pyramid lol

Related Posts

Has anyone moved from B4 to a startup biotech? Position seems really interesting but overall seems risky. They’ve only had a Series A financing

like

Hello folks,

Just landed as a PR in Canada a month back.
Been interviewing for front end dev - 5YOE. Had been with Deloitte USI as a Consultant back in India. Applying for big 4's and tech firms but seems like they have been taking forever to review the applications (2-3 weeks now for few since applied!)

Have one offer from CGI as Sr.Con for 105k. Does anyone know how good/not good is CGI in terms of work, culture, WLB, perks?

Would appreciate any help in getting referred as well! Thank you

like
like

I know EY early promotes had their comp discussions and was curious what other big 4’s are seeing in terms of raises this year due to covid

like

Made the pivot from Big 4 to Bain and frankly underwhelmed. Seems like Bains Ops capabilities / general knowledge resources / white papers are lagging the industry quite a bit. Miles behind BCG / McKinsey as well. Literally only good for PE and nothing else.

like

How is the Business Operations (BO) team at ZS?
Particularly at AC level.

I have couple of more questions:
1. WLB as I have heard is pretty pathetic at ZS. Is it same in BO team as well?
2. Salary range for the AC role? (I have 3+ years of experience post MBA, before MBA 0 years, transitioning from big 4)
3. Any on-site opportunities?
4. How are other perks at the organisation? (Apart from fixed pay)

like

I have got an offer for Manager level at a Big 4 in Consulting. People who are 3-4 years juniors at my MBA college are at Manager level and might get promoted sooner than me. Also, a couple of immediate juniors are at Senior Manager level.

Have you been in a similar situation? Is it awkard? How to handle it after joining?

PS: If you are wondering, I do not have a Big 4 or consulting experience while they have it.

like

Hi Fishes,
I hold 8 years experience in Wealth management, financial advisory in Banking. My current salary is fixed 9 lpa and variable 10 lap. Currently I am negotiating salary with one of the Big 4 firms. Can anyone tell me how much hike should I quote as fixed and variable ??

like

Would it be hard to get a exp associate role in advisory at a B4 as someone with about 10 months in audit at EY, 7 months experience in corporate accounting at a F300 and CPA? Hated my time at the F300 but had thought the grass would be greener in industry. I’m starting a financial analyst position at a major hospital system in my area soon and want to stick with that for a couple years before making a transition but was curious if I just don’t have the right experience for a role in advisory.

like

Hi folks, how is thoughtworks as an organisation?

Asking because I don't know much about it and have received recruiter's call today. Currently I am working in
Deloitte. How is thoughtworks hikes, wlb, does it provide any benefits apart from fixed pay? My research gives me a mixed review: some say it's good, some say that thoughtworks is not stable enough like big 4 or other organisations. Pls help Thoughtworks Deloitte

like

Anyone moved from big 4 to CohnReznick? Even worth it?

like

My friend has following offers from three companies after MBA (two offcampus and one from campus)

1. Finance Effectiveness/ EPM role at one of the Big 4
2. Deal Advisory role at one of the Big 4
3. Organization strategy role from one of the top consulting companies (not Big 4)

Which role offers the best exit options? All the offers from US support teams of the companies.
OS role offers better than the other two (only slightly), but I am interested in a good profile

like

Anyone looking to join a rapid growth boutique strategy firm with great culture, great clients, and great compensation? Our Dallas office is looking for an experienced Manager with ~8 years of experience. I joined about 3 yrs ago after a decade in B4 and couldn’t be happier in terms of comp, WLB, and professional growth. DM me if interested

like

Which of the Big 4 is best for a new MPH grad looking for their first time role healthcare related, esp project management focused? (Assume east coast)

like

Alvarez & Marsal Currently a manager at Big4 FDD. Should I accept an offer with A&M as a senior? Also I'm worried about the upcoming recession and would like to hear your thoughts. TIA! PwC EY KPMG Deloitte Alvarez & Marsal

like

What is typical signing bonus offered by MBB if you are recruited as an experienced hire into their Manager or Senior Manager level (coming from Big 4)? For core strategy practice, not niche areas.

like

Experienced hire difficulties

I’ve been trying to get an opportunity within one of the Big 4 since May. Networked into phone conversations with multiple partners in my area of expertise. Con’t

like

would you make a switch from a big 4 to Simplus? expecting to get an offer from them and any info about them would be appreciated. I've seen a bunch of reviews on Glassdoor etc. - pretty decent

If anyone out there is interested in learning more about FDD / Transaction Advisory Services and/or is looking for a position in this field (especially in Seattle), please reach out! I recently came over to RSM from Big 4 and we are actively hiring and building out this team!

like

Hi! I am asking for a friend in tax - “I’ve been in the AWM tax practice for 7 years (4.5 yrs at pwc and 2.5 at private) and am looking to switch to EY’s national tax team (passthrough group). How do they conduct an interview and how technical can it be? Also any general thoughts/ experiences on boomeranging back to big 4 after private? EY PwC

like

More Posts

Hey all! I’m 30 years old. About to close on a house with a 5.75% fixed 30 yr mortgage. If you were me and your goal was to maximize your net worth by retirement, would you put a few thousand dollars extra into paying down the house faster or invest that extra money in the market? The 5.75% doesn’t feel that low but also not crazy high so I’m torn. Thoughts? 🙏

like

What are the Top MBAs outside of M7 to land an MBB role?

like

Had a flight out this morning on AA and volunteered my seat due to overbooking. Gate agent initially said $575, after boarding was complete she said she’s going to give me $850!

like

Should one add their personal technology that are currently used for remote work on their resume? Seems most companies will provide the hardware and software needed. However, it’s unclear if the employer will provide this through Teamviewer/VPN connection or will send an actual computer. Along with this, would it be pertinent to add your internet capability (speed, fios/cable/satellite/dsl)?

like

Pros and Cons of working at Cerner?

funnylike

How is Specialist - Program & Program Management-640 role in in BNY Mellon?
How is the band hierarchy.

Any thoughts on the Dedham group, IQVIA, putnam and clearview? Which of them have strong strategy roles, areas of expertise (eg. market access, launch excellence), etc

like

Why haven’t Biden and Harris fixed America yet? 😞

funnylike

EY India vs Deloitte India for Risk Advisor?
Same pay. Same Designation

like

Is it possible to transfer from CN India to Accenture Canada (if one gets a Canadian PR themselves)? How well is it taken by the leadership and is any kind of support provided?

likehelpful

What is ideal package for tech consulting with yoe 8.5.
Or say whats the bracket for salary in ey for this yoe slab

uplifting

Where do most of the EY folks stay in Pune ? Like i guess Hinjewadi is towards the other end of the city, new to the city thus asking!!

like

Which offer is better?
€100K per year in Netherlands (with 30% ruling) OR
45000 AED / month in Dubai?

For a family with a kid.
Tech stack: SRE/DevOps/ Cloud architect
People staying in Europe and dubai please comment.

My priorities: Long term stay, better education , quality life, location with better security, law n order and less hussels.

like

I'm so freaking excited!!! Just heard from my recruiter and I'm being offered a Google cloud L5 TAM role. Thanks for all the help and advice from you all. 🎉🎉🎉

likeuplifting

My professional life at the moment is far from ideal. I’ve been on quarantine (long story, but a good one) for the last seven years. Royalties from my books don’t pay the bills. My entrepreneurial pursuits remain hampered. For the interim, I’ve been looking for a remote opportunity where I can leverage my skills in marketing, sales, social media, and elsewhere for a decent sum. I have a social media presence which, in recent years, reached millions. There has to be something exciting I can do.

like

Tips on giving notice over the phone? I’m required to be in the office 5 days a week but the two partners I work for never come on Fridays or Monday mornings

like

Considering making the move from distressed investing/special situations to consulting, particularly pe consulting for the following reasons: more team-oriented, structured career path, more variety, etc. Thoughts?

like

What is “the 71”?

like

Freelance creatives, how do you get medical/dental coverage and insurance (assuming you're not relying on a partner with coverage)? Or do you pay out of pocket for each expense?

like

Additional Posts in Accounting

Since wfh right now, what’s the hours for Big4 audit?

like

Did Deloitte disable Spark, the email app?

like

Career advice after leaving big 4 in the advisory/consulting service line?

like

Anyone here quit juuling and then feel very drowsy all the time?

like

Anyone here know much about GT’s Strategy & Performance Improvement group?

like

Who else skipped the holiday party at your office? Some of you fuckers are the last thing I wanna see after spending all day dealing with your bullshit.

like

A manager I work with is my official mentor at the firm. They expected me to do something for them in busy season when I was booked on another client, but when I try to get time to talk to them about my reviews or performance, they seem to just ignore my invites or reschedule constantly and last minute. Is it wrong to feel annoyed by this? What’s the motive behind that?

like

Being a senior feels so weird. I miss being an experienced associate and just crushing work for hours. I have ADHD and it’s super hard to manage the constant interruptions. I feel like the only time I get to myself is like 8-midnight

like

Is the CPA designation worth it? For me it would take me 1 year of PREP courses and 2 years of PEP until i can write the CFE. And I am 27 years old right now. Also wondering if it would be crazy to pursue the CPA while learning how to code to be a developer as well?

like

Met this really cute guy at national training, exchanged phone number, but he's heading back to home office tomorrow. Advice?

like

What time does everyone get to work in the morning?

like

I’m interviewing for a position with EY FAAS in NYC. Can anyone speak to what the environment and people are like?

like

If you don't log in to work hungover Monday morning, you haven't fully utilized your weekend. Change my mind.

likefunny

I don’t understand how people keep posting about the bench and being unassigned. I’m in advisory(not audit) and my entire LoS is trending 90%+ utilization

like

People who change their default skype font/color…. who hurt you

funnylike

Are you going to year end Christmas party?

like

Can anyone else relate?

Post Photo
likefunny

Is it possible to transfer offices more than once within the same company and LoS?

like

I really wanna get into management consulting/PAS, from tax. I hate tax. Don't wanna waste my youth doing this when I know I can be my best elsewhere. Any recs on how?

likesmart

Hi,
Wondering to get some advice on how hard it would be or get an understanding of the market to get back into private accounting/advisory or financial analyst after stepping away for 2.5 years. I was in public accounting for almost 5 years prior and stepped away as a supervising senior in audit for a mid tier firm. Would love to get a chance to connect/network with some people.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal