Related Posts
Pro
Hi Fishes,
I am currently trying to switch companies and giving interviews in many companies.
While in most of the companies I am able to perform well in interviews, I think I lack in salary negotiation.
The highest I am getting is 22.5 lpa for PM role , YOE : 4 in Pm.cctc : 13 lpa
I want advice from seniors who on how to negotiate salary.My expectation is 26lpa
I work in US Tax and had an experience of 3 year. Had got an offer of 14Lpa in another big4,but still don't feel like continuing in US Tax. As taxation is something I do feel like I don't want to make a career anymore, because of work life balance & also as it specialised. Please suggest other option worthy to make a career shift. You guidance will be extremely helpful. My highest qualification is M.com.
EY KPMG Deloitte PwC.
More Posts
Bowl Leader
How to manage 3 month of notice period?@
Additional Posts in Consulting
Any McKinsey digital folks here?
Pro
Marry, Kill, Fuck go!!!!!
New to Fishbowl?
unlock all discussions on Fishbowl.
I left Accenture 7 years ago so things may have changed since then. Here’s my brain dump. My experience was that PwC puts more emphasis on “firm reinvest” activities, bonus is better and easier to get, there’s more emphasis on not being on the bench at PwC and you’re staffed based on your network more at PwC, no per diem when traveling at PwC the way you have it at ACN, easier to look for roles abroad at ACN, people at ACN are also more likely to speak the same language and use the same methodology (culture is tighter). Direction from the firm leaders and any reorganization that happens from the top is easier to understand at ACN; IMHO PwC complicates messaging too much. No need to worry about independence rules at ACN and you don’t have arbitrary CPE credits you have to earn every year the way we do at PwC. ACN training is more fun, too. Expenses are easier to get reimbursed at PwC and we never have to mail in receipts, but at PwC you can’t use your personal credit card for firm expenses. I was in Systems Integration and ACN projects are on a bigger scale (large teams and multi year projects) than at PwC. PwC makes you log time daily. You have more PTO time at ACN (27 vs 22) but PwC has unlimited sick days. There’s more “up or out” at ACN than PwC. There’s more variance in terms of quality of managers and above at PwC than at ACN.
I did it a while ago, the best part is not having to worry about independence. It’s a pain in the ass to stay compliant after you hit M due to all the restrictions on what you can and can’t own. Culture they are similar since they were an offshoot of Andersen. Benefits are good but the healthcare is more expensive at PwC comparatively. Work/life depends on your team and how crappy the partners sold the work.
Accenture have more interesting large scale global projects. Culture wise they are similar although I find Accenture leadership far more supportive and invested in development. At Accenture I have the option to be and am involved in generating more thought leadership work as well as delivering client work. Work/life balance is a little better at PwC. I came to Accenture on a significant salary increase and bonus structure is better.
P1 - doesn’t give me the option to DM you. Maybe we can only DM within company?
Care to share your overall perspective and experience? Much appreciated!🙏🏽
@EY1 Crazy! Can’t have cash, can’t invest it, what do they want me to do with it!
✋🏻 feel free to DM
How about EY and Accenture....
Appreciate all the info!!
Can you elaborate on the independence thing? I keep hearing about it but am pretty ignorant to it
“Independence" basically refers to the firm employees not holding investments (or loans or bank accounts or credit cards, etc.) that would compromise the firm's ability to show its independence (unbiased-ness) on an audit engagement. For you, it means you are restricted in terms of what investments you can hold (there are diff rules on this), there’s extra scrutiny on the investments you buy, there’s an annual (or every couple of years) training you take to remind you to be independent, and there are extra steps involved when selling an engagement as we have to make sure we aren’t violating independence rules when we work with a client. Things move faster at ACN because you don’t have all this “compliance overhead”.
Interesting. So if/when I start onboarding, they will ask me what stocks, banks, mutual funds etc I have? And potentially make me sell?
You betcha! The broker feed will assist with this. Also if you hold a stock and they become your client you either don’t work on that project or dump the security ASAP. It doesn’t matter that you’re Advisory, you work for the client you control zero interest. Also if you have a spouse all their activity must be monitored as well as yours so they also have to play by PwC’s rule set. Have fun at onboarding!
I’m going through the transition process now, and can for sure say the Independence piece is a pain. Have to divest a lot and pay down some credit cards (was keeping them intentionally high because of promotional 0% APR).
SM2, don’t have too much cash on hand, more than 250K and you’re in violation 🤣
That’s such a dumb rule....
Guess I’m buying a bigger house, that’s not a violation is it?
Sm2 you can buy a bigger house but have to report who your lender is... ;)
DOH!