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Hello Fishes,
Need some advice for my cousin.
She has done MBA in Finance ,(2018 passout) after BCOM.
Worked in HDFC bank for 2 years (till 2020).
Due to personal reason left job at end of 2020.
Trained in SAP FICO, now trying for certification.
How could she get into IT company(fresher).Capgemini IBM Tata Consultancy
Please help me with 11likes! 🙃
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Because they charge more and first to get laid off because advisory work is the first to dry up when cost cutting. You can’t exactly say oh I’m not getting audited this year to save money.
Rising Star
Because advisory work brings in the most dollars. Those dollars are discretionary spending which immediate disappears in a downturn. Hence they are the first to be laid off.
Taxes and audits have to be done every year like clockwork.
Pro
Higher risk, higher reward
Then, in times like now, shouldn't advisory get the financial burden of the downturn and audit &tax folks should be better off compared to advisory. It appears the pay increase/no increase is the same for all groups. As a manager in tax, I work harder than ever but I am still well underpaid compared to managers in advisory whose work got negatively affected by covid.
The people who didn’t get laid off are in many cases busier than ever in advisory
Margin.