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Why is attrition heavy in big 4?

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1. People can't cut it (fired) 2. People can't adjust (counselled out) 3. People are miserable (quit) 4. People are rock stars and get noticed by the outside (poached)

likesmarthelpful

Bad people leaders and burn out from travel plus working hours that are unreasonable

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I left EY because of illogical, unfair, and ridged comp policies

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By design

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Why is water wet? This profession demands churn it’s part of the model

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and with churn come burn. Ppl get burned out and leave. Though to K1s point I think there are often less than ideal leaders which also contributes. Given the time commitment and lack of personal life this job can lead to, I don’t think the best qualified leaders always make it. I think a lot of times you get the people that are able to stick it out vs the true quality

likesmart

It’s a challenging profession and there are other (not as well compensated) options. We had sub 15 percent turnover in MC (far below) which is actually (one could argue) a bit low.

Average turnover is 15-20%.

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