What's so elite about Big4?

I am at Big4, I have been with a small firm, and I have been with firms like GT, BDO, RSM. Why do Big4 people feel so elite about them? at the end of the day, people do their job and get paid. WLB depends on the office to office, Nobody gives a S***t outside the accounting Industry. It's not like Big4 gets the stock option. Except for better Industry exit, what's so elite?

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

Big4 people just have their bellies filled with the kool aid. Reality is mid tier is better since you get paid more for the hours you work, get faster exposure since it’s smaller clients and teams, and enjoy a better wlb while still getting great experience and firm recognition on your resume.

likefunny

At my mid-tier, I:

Was paid less.
Worked more hours than B4 because there's literally no one else to cover as the teams are small.
Never had even a single staff to help me.
Got pulled into helping other offices/sectors just because my busy season ended.
Had subpar technology and hence was stuck doing manual work for a huge chunk of the day instead of value added work.
Was not allowed to take on clients I wanted exposure to because they could not hire anyone to replace me on my current clients.

It's quite hard to generalize. Personally, my life and career got so much better when I moved to a B4 and I refuse to ever go back to a mid-tier. Some will say the opposite.

like

OP, what level are you? You've been at GT, BDO, RSM and KPMG? That's quite a list for someone at a level low enough to not understand why Big 4 stands out. Job searches always want big 4 experiences. As a former GT employee, I completely understand why. (Resources, tools, clients, employees, revenue, global)

like

lol I mean one of the GT, BDO, and RSM ( not all). I was with GT, compared to KPMG, GT is so awful and primitive.

like
Recent IconRecent

Bigger/better clients which equates to more opportunity, better exit ops, better pay, harder to get into are all factors that play into the perception of B4 being elite.

likesmartfunny

This isn’t accurate. Bigger clients could also means larger engagements and at low levels you see less of the full picture of an audit. If you want to learn how to be more of a “swiss army knife” at a early stage of your career it is significantly more likely at a smaller firm because there’s less resources and you will need to be more of a generalist by necessity.

The trade off is Big 4 often has far superior technically training/resources, but there’s no way you can demonstrate there’s more “opportunity” because there’s an exception for every argument one could make on that topic.

Not for nothing I also worked at a big 4 for 3 years and learned far less in my first year at a middle market. I thought like you before I left too.

like

Yeah I'm pretty sure the middle market firms beats big 4 in pay until maybe PPMD. Only reason I can think of is bigger clients.

like

EY, PwC and KPMG had no problem matching my salary expectations. GT gave me an offer way off(under 30% my range).

like

Because we get paid the most 😌

likefunny

ASM1 how long have you been at mid tier?

Bigger clients, bigger deals, oftentimes more complexity is what generally does it

like

It’s not elite in the sense like Medicine, MBB, FAANG, Big Law etc. The barriers to get into Big 4 are very low comparatively.

You don’t need to go to a elite school to get recruited, most people are decent accounting students from state flagship colleges.

It’s elite in the accounting world as in most F500 companies prefer recruiting Big 4 accountants for the reasons PwC1 said.

like

PwC 4 you’re delusional if you think the big 4 are exclusive. In college I got an offer from ALL FOUR big 4. Worked at PwC for 3 years and left the week after I made senior because of how horrible the work environment and left for a midsize firm into a better discipline and way more money. I don’t know what office you’re in, but PwC nyc office, the biggest office by a LONG SHOT I might add, hires literally anyone who finishes college. The vast majority of the people I worked with at PwC were not smart. They need bodies for roles and they filled them. Simple as that.

I would say the training/resources that one of the other comments mentioned. With more money, firms are able to heavily invest in training material and new technology.

Yes, nobody gives a sht outside of the accounting industry. But when you’re apart of the accounting industry, it matters. It’s the most prestigious spot you can land within the Audit bubble. I’ll admit, it’s not a prestigious or sexy bubble as a whole compared to other industries.

I had a family party recently and my mom was telling my aunts that I got promoted to manager recently. They were absolutely shook I was making 150k at 26. They thought accountants were just bookkeepers making 20 bucks an hour. Fk my aunts and their med school kids. Have fun working with smelly sick people for the rest of your lives. My excel spreadsheet smells amazing!

likesmart

@kpmg Who the fk is looking down at doctors?

I’m saying its a tough job and I don’t want to do it. It’s a mentally draining and overall gross job. Who goes to the Hospital? Sick people. It ain’t rainbows and sunshines and non smelly actors like in the movies. On top of that you have the mental toll of witnessing people die and their members breaking down. Fk that

You don’t think providing assurance over financials is contributing to society? Idk if you heard of Enron and the $74 billion it stole from society, maybe look it up. I think you need a better understanding of your job, maybe when they promote you from prepaids testing duty

And yes, $150k is a start for tech, but I wasn’t that smart in college to start in tech. No arrogance here, as I’ve stated previously, it’s not as prestigious or sexy to other industries. It’s just the fact that I’m in the best position possible in my current lane.

People like me are proud of where we are and how hard we worked to get there. It’s legit so naive that you’re talking about prestige with being a lawyer and or doctors like it’s high school. No wonder you ended up in a mid tier firm out of college.

like

If you look at the size of 4-10 compared to big 4 it is quite a difference. I’ve never looked down at anyone at smaller firms but at the end of the day the big 4 have the larger clients that can support their work and also no matter where you go you will have the name recognition which might not be the case for smaller firms.

Not to say you can’t have a successful career in accounting outside of big4 you absolutely can but I would equate it to attending a top school or MBA program vs a state college. Ultimately the education you get is similar but having that name recognition can give you an upper hand when you compare the resumes side by side.

like

I mean this question also depends on practice. Places like EY-P and PwC-Strategy& are top consulting practices and hire from Ivy league and M7.

like

At a national firm now, and used to be big4. It depends on your experience, but my experience in big4 was more positive

My Regional Firm had better culture.

It’s really depends on the practice and firm. I work in rewards & compensation consulting group at my firm, and when doing the same thing at a Big 4 it was wayyyy worse because the practice wasn’t prioritized by leadership there because it’s not a major revenue driver and caused a lot of issues operationally.

Much better set up here, but I’m sure there are plenty of examples of how people left MM to go big 4 because of issues in their service.

Everything has a layer of “it depends”, but if you’re wondering why some people are super stuck up about being at the big 4 that’s just how people can be when they are overly prideful.

Related Posts

I got a call from a Jpmc HR regarding an opening but he hasn’t called back with any update on an interview. How long would it usually take to process my resume and set up an interview?

Phone interview with Apple for an Americas Supply Chain Finance Analyst role in Austin this week. 2YOE in Supply Chain, 1 YOE in FP&A. Anyone have insight on compensation expectations for a role like this? I've tried researching this role online but, can only find supply chain analyst and financial analyst compensation information. Thanks!

like

Hi, can someone please share a genuine advice for the following, would really appreciate it.

1. Salary band for 4B/B4 Assistant Manager?
2. Is Badshahpur safe for females?
3. How is the culture/ work life balance at Genpact?

funny

AMERICAN EXPRESS India is hiring for below role:
Software Engineer- Hadoop, Pyspark- (Req ID -21029748)

JD screenshot is attached. Kindly DM me if interested

Post Photo
like

Dear SAP friends, can someone guide me what is going to be day to day Responsibility for a T4.1? Domain SAP Basis, Role Expert Architecture. This will be part of SAP COE.

like

I work at a privately insured addiction treatment facility. My hourly wage is $20/hr. I wanted to move up in position with this company but they already had someone in that position currently. I went to them with a solution that would resolve a couple issues within the current staff and put me into a higher position/supervisor role. They agreed that having me in this role would solve the issues and also that I would be able to handle the responsibility that comes with it. They only gave me $2/hr

Anyone here get the AWS cloud practitioner cert? What did you/how long did you study?

like

Assuming you are smart enough to do both (I know big assumption), are you better off being a SWE/data scientist at FAANG or equivalent level at MBB (based on YOE) from a compensation:WLB ratio?

like

I have my case study interview soon at guidehouse for senior consultant position with SLG. What's the structure? What should I expect? Any questions you can share you were asked at the interview?

like

Was accepted into a T15 program without a scholarship and currently waiting to hear back from a T20 where I feel I have a great shot. Only have 2 years of experience and no promotion, but I'm expecting a promotion in 2 months with our year end cycle. Do you think that promotion and/or a scholarship offer from the T20 would be enough negotiating leverage?

like

Hello fishes,

My wife have 2 years of experience working in back officea and she is persuing career in SAP Basis, but we both are not sure about market, can someone give a pointer on what should be the best thing to get job and with good salary along with wlb?

like

Hello All,

I got an interview call from Wooga a gaming company based in Berlin, I spoke with the interviewer and she told me to research more about the cost of living and expense in Berlin.
Please can you guide me with how much salary i should quote for Senior QA Engineer role.

like

Info on GS wealth management professional position??

What are some ideas for charting an exit from Consulting as a Senior Consultant who has been functional in the IAM space?

like

Has anyone had an offer rescinded due to lay offs/hiring freeze?

like

Hi,

How is work life balance, annual hike, job security and overall work culture at Lowe's? Is it a product or service based company?

Bain & Company Would be great to get a referral for the Austrian office. Not sure if my CV fits - BA GPA 3.5, MSc 84% done (still working on my GPA) 6 years tech sales (Splunk, etc.) and 2,5 years ACN (service mgmt., cloud strat., cloud ITOM). Thanks for helpful input!

Any suggestions or recommendations on how to make the jump from senior BDR to commercial AM? I am performing above quota and I was in talks for internal promotion but they now put a pause on all of the promotion and told me to sit and wait (who knows for how long…)
Also what industry should I be looking at for a fairly recession proof remote sales role?

like

I am a project manager with the strong desire to transition into product management but I’m feeling a little discouraged. Every opportunity I come across mentions 7-10 years experience. I just started training for the Google UX certification with hopes that may better prepare me. Any other suggestions? Words of advice on how to best make this transition?

Thanks in advance!

like

What companies in Tech, IT or Finance pay $200k+ TC for a Director role in Toronto? 12 YOE as an employee at various companies, 5 YOE as an entrepreneur. Appreciate any suggestions.

like

More Posts

Kellogg full-ride or HBS waitlist?

likefunny

After learning how credit utilization impacts one's credit score, I just raised the limit on 2 of my credit cards. I opened 2 cards last week in order to take advantage of cash back bonus deals.(cont)

like

I'm sorry if this is out of place, but is anyone interested in coming on my veteran podcast? I work for a Nonprofit Organization that provides supportive services to veterans in CA, NV and AZ and our podcast discusses issues relevant to veterans. I'm organically searching for veterans who are willing to talk about their experiences, mental health and healthcare, employment, case management, housing for the homeless, etc. We don't require you to be an expert on anything.

likehelpful

Zscaler offered me position in Amsterdam for senior Qa. Offering 85k base pay and 20k equity for 4 years. I am 12 year experienced, feel lowballed with the offer.
How much can be negotiated here, what would be a good number to check with HR team?

Can somebody help me with what shud i ask for Data Analyst Role at Bajaj finserv with 3 YOE CTC 6 lpa....

like

This is what is winning Cannes? Wowzers. It has augmented reality!!

Post Photo
likefunny

I had 3.5 years exp on a small company with 5.5lpa ctc. Joined pwc currently after some ctc shopping and got 11lpa. Looks like 100% increase overall but i still feel underpaid as i was severely underpaid in the starting firm. Tech stack: data science, python, statistics, ml, dl, azure databricks, azure ml, basic mlops competency (still learning).

like

If anyone sees their missing nights appear, please post here so the rest of us know to start checking for them to appear. TIA.

like

Special Drive on 1st Oct for Cloud Technologies.
LTI-Larsen and Toubro Infotech is doing Urgent Hirings.
*Interested can share EmailID along with JobID*

Post Photo

Im going to join PWC INDIA Kolkata branch soon. Please someone tell me some pros ans cons that your are facing.

What about the WELCOME KIT,is there any or its for sde only??

like

I have a query, I am going to join JPMC in September 2022, however I have planned leave of 10 days for europe trip in November would my leaves be approved? I already informed the HR before joining, they said it won’t be a problem

like

My Manager panics a lot and the result is s***t. Has anyone dealt with this before?

like

For those who attended the GSAP session for commercial - what percentage of folks did they say will get GSAP?

like

People who have left PwC for another Big4! When you put your two weeks notice in, did they really let you go right away? Or did you serve the full two weeks?

like

Anyone working for Merck / MSD ( Netherlands or Prague).

like

Who trying link and be friends?

like

Tooth whitening strips experiment time, let's see if attitudes at work change once my smile turns into a projector a month from now

likefunny

Any insight into jr-level associate legal counsel compensation at a public tech co in Austin? I’m not finding much online about lower-level salaries for in-house positions since they’re not as common as mid- or senior-level roles and am expecting an offer, but I’m not sure what’s a reasonable goal for salary negotiations.

like

Big disrespect to UCF in the CFP poll... Michigan above? Thoughs?

like
like

Additional Posts in Accounting

How does everyone stay organized especially during busy season with all the workpapers, requests to client, and little things that are asked of you?

like

Has anyone tried getting their CVA? If so, what was your experience like (besides awful I am sure)? Looking to sit for it once I return to the states.

like

How hard is it to go from a top 20 firm to the big 4 as an audit staff 2?

What if our company paid us a nice bonus now if we are >100% utilized, then had a clause that we would have to pay it back if we left within 1 - 3 years. Something like this may resolve the retention issue.

likefunny

So many people have tips and tricks to show they are busy and online when they are not. What are yours?

like

Sitting for BEC very soon and it’s my last one. Anyone who recently took it that can provide some insight on how heavily info tech questions have came up on the actual exam? Also, any tips on better understanding or working questions on budgeting/forecasting and variance analysis are welcomed! Thanks!

like

Do B4 have any short-term training/working programs that's easy to get in so i can join and gain experience to get a job at B4 later?

like

Does pwc count parental leave against you as far as utilization goes? I know pto is counted against (as in, is not taken out of your denominator), but wasn’t sure about parental leave.

like