To people that were in the IT risk industry in 2007-2008…how big was the loss of jobs in the industry due to the recession? Was it not as big as in other sectors or pretty much equal as others?

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

The reductions in IT Risk were lower than internal audit and lower than assurance within our firm (Big 4). They were much better than internal audit at my clients as well. We are 15 years later and STILL don't have enough IT Auditors. If you're semi-competent, you have nothing to worry about.

like

Pro1 - if you have a solid book of business, you're fine. We mostly hunkered down and did IT Audit work during the recession. My friends at other firms, including Pro, doubled down on their Sox compliance (it was still new in 2007 - 2008) and supporting client initiatives. Remember that system implementations and controls reliance work don't stop in a short recession. If it is really long, you might see a delay in the next phase of work, but if the new implementation is going to save money, the chances of companies stopping it are slim.

like

Following. Looking for a switch but scared to make moves

like

Great question!

F

Bump

If you can sell, you’ll be ok. Look to what happened in Covid layoffs, they used it as a chance to “trim the fat” and get rid of heavy salaries that had low utilization, low sales credit, etc. the Covid layoffs opened up a lot of room at the partner level with the early retirement packages that were given, so I’d expect a large partner class the next few years as we catch up, freeing up room for MD/D promotions

Related Posts

Can I learn Java on my own , if yes then what will be the strategy??
I'm from non IT industry and want to switch.

like

Does Deloitte India give goodies and joining kit ? Though people are posting with pics in linkedin. I have joined Deloitte. But I got only laptop and bag. 🥱🥱

like

Now that the holiday season has arrived, what's on the secret wish list for Black professionals in the accounting world?

like

What do you do when you need a sub? What kinds of plans work best for subs in the Spanish classroom? I have needed subs lately and have found it hard to plan lessons that aren’t just busy work.

like

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

Any Consortium R1 applicant to CBS or Stern heard about interviews yet?

like
like

Anyone in NY have yet to see their credits extended to 6.30.21?

like
like

My current salary is under market average for my position but based off my coworkers’ negative experiences with asking for raises/promotions, I’m not really sure how to go about starting the conversation with my manager. There’s also a rumor going around that the company is going to scale back on our marketing efforts even though our VP tells us a different story. Either way I need more money and I just want to have that conversation before I begin looking for a new job.

like

I'll be graduating soon in Fall'22 and preparing for Data Scientist role. Please recommend some online resources to prepare from.

PSA: it’s better to use all your vacation and then quit vs taking the payout. I just got cucked.

like

Do you guys wear winter jackets over your suit coat? It feels super uncomfortable, even the nice Calven Clien type coats

As an intern, how do you deal with an associate that (1) is overly patronizing, (2) that consistently takes credit for your work in front of the partner and (3) that thinks their work is top priority?

like

My status is changed from Evaluation in progress to Evaluated in TCS I begin does someone now after how much time TCS will generated once the status is changed.

do any of you have a problem where it seems like somebody has been going through your workdesk while out of the office? it seems like almost every morning I come in, something is not where (cont'd)

Being from Minnesota, I think it's so funny when people act as if we are some far-left State just because we hadn't voted Republican in a presidential election since Nixon. Never mind that many of our elections are close or that we have elected Republican Senators and governors.

I have voted for both the GOP and the DFL, and I feel like they are both far more normal than their national counterparts

like

Anyone moved from NYC to Miami recently? I have moved over 2 months ago, still trying to adjust 🤔

like

Additional Posts in Risk Assurance

What is the RA team at EY called? And how are your hours? Busy season?

like

Does business Process Internal Audit or IT Internal Audit make more?

like

Any idea on what I industry senior risk analysts are making?

like

Are the exit opportunities better in Internal Audit/Business Process than IT Audit? All I hear is how awful IT Audit is but don’t hear as much complaining from the business side

like

Does anyone still have an active Becker account that I could borrow for 2 months to study for my REG exam? Please! Thanks!

like

Currently in external audit but making the switch to internal audit and enterprise risk advisory in the city, how does the work compare? Any advice?

like

Do you audit users with Sudo access and a log of sudo activity or just users with access to sudo?

like

Is anyone here in KPMG’s CRM Risk practice? If so do you know if they are still hiring??

like
like

How do you continue to improve yourself after putting in 50-70 hrs of work a week?

Has PA caught up with industry? Salary ranges in industry jobs I have seen are pretty underwhelming (5% more typically)

likefunny

How does IT SOX audit in industry usually do during recessions?

likehelpful

How do you apply design factors to IT Audits. Just overheard someone explain 'level of aggregation' for IT Security policies by describing how many people have access to it. Why is this a thing???

like

Should I take this offer in a second line role with similar bad WLB as public? Current salary: 155k base, 8k annual bonus (7YOE):

Offer:
170 base
17k sign on
25,500 (15% annual bonus)
28k annual RSUs (vest quarterly)

like

London, Dublin, Luxembourg, Munich. Choose a place to move to from NYC. Fuck H1B.

For anyone who took the CISA exam (I passed lol), how many days did it take to get your “official score”? I know it says 10 days but wanted to ask if anyone got it sooner

like

Identifying a common process, what does this even mean 😩 please help.

like

Risk fishes I’ve got an question. Would it be really beneficial to do MBA as a Risk consultant and would it be an enabler for me to step up towards being a partner in the big4?

like

I’m getting put up for manager a year early. I have PPMD ,SM, and M support. Pretty much support from all the key individuals on my team and in my service line. Since it is a year early if i don’t get promoted this round I know it’ll come mid year but I do expect a good salary increase still without the promo. If I don’t get the promo nor a salary increase that I’m okay with, how do I let my partner know that I will begin to entertain outside offers? some of which have offered the manager role.

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