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Could anyone kindly tell me about the Investment Management and Private Equity Audit Group at Deloitte? 1. Work Life Balance (Is it worst than the ordinary Big 4 WLB?) 2. Is it an entirely different audit from commercial/retail audits (think account balances etc.) 3. Difficult to learn how to audit clients in this industry without prior experience in the industry?(been doing commercial audits for 3 years) 4. Are there relatively good exit opportunities for this audit group? Deloitte PwC EY
take job with long commute or stay at b4?
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Think about it like this big4 is like fishing with a rod and bait, top 10 firms is like fishing with just a rod, the rest is like fishing with a string with a hook attached. The resources, like tech and supporting teams like offshore AC are immensely better at Big4
Rising Star
Training, tech sure but, what most people are talking about is the ability to network some of the experts in particular subjects.
For example, if you have a client that wants to take an aggressive tax position more likely than not, someone at the firm has directly interfaced with the people at the irs who determine that issue. At smaller firms you might have one expert, at the big4 you have a whole lot more.
Rising Star
Yes. Start at big4. Mid tiers are great for middle market but, you’ll learn more complex things at a faster pace. You can always go to the mid market later.
Better training and tech for starters.
Chief
At my Midsize I was in the weeds all the time with the tax software and dealt with crappy excel workbooks. Now I have AC's to do the grunt work and TB/Tax adjustment software that makes tax returns so so much easier.
Also can you tell me what you consider midsize? Companies like right after big 4 like rsm and crowe would be that bad as you mentioned?
I will say (specific to TAS), RSM resources are a minor step down from pwc, and not noticeable day to day. I'd imagine the lower you go the worse it is. maybe there are some specific practices (tax?) where the impact is felt more
To add to the thread, The reason that the firm also sells Lakehouse or Deloitte U is because that itself is a large resource for training and internal development. I can only speak for Lakehouse but it’s a great multi-million dollar investment.
Also things like templates, practice guides (for specific audit issues), example WP for each kind of control/testing. You are never starting from scratch