{ "media_type": "text", "post_content": "My husband and I were watching the LuLaRich documentary and he pointed out the the big 4 firms are very similar to MLM pyramid schemes. 😆🤔🧐", "post_id": "614cc1eb2bf10f002344e90f", "reply_count": 14, "vote_count": 17, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

My husband and I were watching the LuLaRich documentary and he pointed out the the big 4 firms are very similar to MLM pyramid schemes. 😆🤔🧐

likefunny
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It's an old joke in consulting, but you'd have to stretch pretty far to come to that conclusion and not be joking. One of the critical elements of a MLM pyramid scheme is "investing." The B4 asks you to invest time, but not money. All jobs require an investment of time, although B4 ask for more than necessary far too often. B4 doesn't ask for any money from you to them. Plenty of things to blast the B4 about. It's a boomer industry that will get swallowed up in the next fifteen years by smart and nimble SaaS companies that will eat up all our profit.

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Maybe Turbo Tax will get into the corporate space Lol

likeuplifting

Do explain. Very interested.

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Nah not even close.

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Pretty cold take

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Most of my income comes from recruiting others into the business, rather than providing services to actual clients? Not sure I agree there.

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I bet you have impressive utilization rates

In many ways, the purpose of some big 4 firms is really to simply fund the pension obligations of boomer partners from yesteryear. $300k+ pensions. Younger partners and soon to be partners are NOT happy about it as they have less sweet pension setups to look forward to.

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I live in a state that has A LOT of MLMs and I've had the same thought from time to time. The reality though is they're not the same; except right now where firms are offering bigger than normal referral bonuses so there is incentive to get people in the firm rather than selling services.

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