Transitioning from Mid-Tier to Big 4
The transition from a mid-tier firm to a Big 4 accounting firm can be significant in terms of workload, hours, and expectations. Many individuals report that the busy season hours at Big 4 firms are notably longer, with late-night calls and increased pressure around deadlines [1:1]. The complexity of work is generally higher due to the larger scale of clients and projects
[1:6]. However, the benefits and opportunities for career advancement are often seen as superior at Big 4 firms
[1:1],
[1:2].
Roles for Finance Professionals
For finance professionals considering roles at Big 4 firms, it's important to understand that these firms primarily offer back-office and support roles rather than front-line finance positions [2:1]. While there are opportunities in consulting, deal advisory, and other areas, the focus is often on supporting business operations rather than direct financial management
[2:3].
Getting Hired at Big 4
Securing a position at a Big 4 firm can vary in difficulty depending on several factors. Graduates from schools targeted by Big 4 recruiters with strong GPAs have a better chance of being hired directly out of college [3:1],
[3:6]. For those with experience, transferring into a Big 4 firm is often easier than starting fresh
[3:3],
[3:4].
Work-Life Balance and Stress
Working at a Big 4 firm can be stressful and demanding, with long hours being common, especially during busy seasons [4:1]. The work-life balance can greatly depend on the team and manager you have; some teams may foster growth and learning while others might contribute to a toxic work environment
[4:1].
Pursuing an MBA after Big 4
Many individuals use their experience at Big 4 firms as a stepping stone to pursue MBAs at top business schools. This path is relatively common, with former Big 4 employees attending prestigious programs like MIT Sloan, Haas, and Ross [5:7],
[5:4]. The experience gained at a Big 4 can be valuable for transitioning into different industries or roles, such as tech product management
[5:3],
[5:8].
In summary, careers at Big 4 firms offer significant opportunities for professional growth and development, but they come with challenges such as high workloads and potential stress. Those considering this path should weigh these factors against their personal and career goals.
I’m currently at a mid-tier firm, but I just don’t think it’s the right fit long-term and I’m thinking about applying to a Big 4. The timing’s a little tricky though — I recently found out I’m pregnant, so I’m trying to figure out how tough the transition might be.
For anyone who’s made the move from mid-tier to Big 4, how big was the jump in terms of:
I’ve heard the Big 4 grind is real, but I’d love to hear how different it actually feels day to day. Any advice — especially from folks who’ve switched while pregnant or parenting — would be super helpful.
If you want to see your child grow up then stay away from big 4
Adding to this - My director at the Big 4 I am sees his kids less than 10 mins per day 5 days a week. On weekends and holidays he’s working too. He’s been doing this since they were born. Just doesn’t sit right with me.
You’ll really need to prioritize what you want - career or your family. I would also say Big 4 has higher expectations than mid-tier from my experience but of course the benefits are far better with the former.
Not true at all. This experience is not universal.
I went mid tier and now find that anyone I deal with in Big4 audit is highly incompetent compared to the standard I saw in mid tier.
If you train mid tier and are good and put the work in, you will get more exposure to different clients and industries, and come out as a more well rounded accountant.
I left audit for industry immediately after my training contact, and went from financial accountant, to finance manager, to CFO of a start up in about 3 years.
Well, the big 4 I work in, I was fortunate enough to have exposure in all the sectors in the country including bigger and smaller companies.
If you coming in as experience hire, you need to realize that the supporting you get will be lesser than the internal breed people. I would said take it as a test.
Try to join the big 4 3 months before the peak so that you have the time to adjust yourself to their system, culture and finish all the e-learning (I think you need to do associate up to your level).
Again, ask yourself what you want to get from joining big 4? Experience - then go ahead. Because of the good benefit / better job opportunity? then maybe you should try Fortune 500 / FP&A / bank
From my experience having worked at both:
B4 busy season hours are much worse than mid tier. Late night calls with your manager and getting on calls with the India team at odd hours. Getting on at 8am and going home at midnight, especially those 2-3 weeks before the deadline. At the beginning it can seem a lot but since you have experience maybe you won’t have a bad time adjusting. Outside busy season workload isn’t terrible and about the same as mid tier. I think the benefits at B4 are A+ so there’s also that.
B4 work is a little more complex due to most likely working on public clients but at the end of the day.. accounting is accounting. You’ll just have to get used to the way they do things and their systems.
Since you’d be coming in as an experienced hire, there’s very little hand holding. It’s sink or swim especially during busy season since everyone has a ton of things to do.
I’ll add your experience is basically all dependent on the office and team you’ll be working with on a daily basis. Unfortunately your manager/partner makes or breaks it. A colleague switched to another office within the same B4 and said the experience was way better than our old office. I’ve talked to colleagues of other offices at my current mid tier and they hate it, meanwhile my experience so far is 10/10. You really have to vet the office culture in the city you’d be working at.
Overall B4 does have more recognition and will land you a few more interviews but imo unless you’re trying to be the CFO at a Fortune 500 or large global company, the juice isn’t worth the squeeze. Think about what your end goal is with public/accounting and go from there.
Are the job opportunities that b4 open up compared to mid tier that different?
I think having B4 experience will provide more opportunities at the worlds biggest or public companies because you work with those type of clients at B4 whereas the mid tier firm experience you have less to get those because you likely don’t work on that size of clients so less of a chance but not impossible.
I advise people that if you’re goal is be CFO of Google, B4 is a must. No way around it really. If you want to be Controller or Director of Finance at any “small business” around America, B4 experience isn’t necessary at all.
Depends on which client you’re booked. If you’re booked on a mid tier’s best client, you’ll have a better experience than if you were booked on bottom clients at B4
Hey everyone, I’m a bachelor of finance student, cfa L1 candidate. Just wandering what role does BIG 4 have for finance professionals?
BIG4 should be 2nd tier, especially if you have CFA1. Aim for an actual finance role. Big4 are ultimately back-office / support shops. And not were the real action is.
Started in Industry, went to Big4, got out as soon as I could.
Hey thanks for the advice. How were the exit opportunities?
Great, but part of that was due to my significant prior experience in industry. Consulting gave me a different type of exposure, but I found most people in Big 4 too back office oriented. Very few actually had good business sense. Frankly, I just wasn’t impressed.
Keep in mind most people in Big 4 exit out to back office or support roles. Nothing bad with that choice, but it sounded to me like you were looking for something else.
There is quite a bit too be learned from being a consultant. Big 4 or MBB. Just be cognizant that working won’t teach you long term ownership and follow through.
I am gonna be working full time part time college for bachelors in accounting. After I am done with school will it be difficult getting a job at big 4
Getting hired out of college and working at big 4 is harder. Transfering in with experience is easier.
Is there any point to transfer there if you already have experience?
If you want big 4 on your resume?
Depends how ambitious you are. Very common path is to make senior wherever firm you can with CPA and then transfer to b4, finally making the pivot to industry after hitting manager. In the bay area, a tax manager in industry can make close to 200k after bonus and equity.
Is this actually true? i'm in that boat and the very few positions I apply to get denied.
Yes it's easier with experience to get a job at big 4 than getting hired initially
If you go to a school they target for recruiting and have a good GPA, you have a pretty good chance. Getting an internship is also a plus so long as you don't fuck a partners wife or burn down the break room.
Wouldn’t both those things be good for the partner?
Their wife would be satisfied, and without a break room, the peasants, I mean employees, will have no excuse to stop working.
Someone has to eat that deloittussy.
It’s not very hard even from a no name school
Source: my experience
It always is hard, back in the mid 2000's it was hard when I applied.
Depends on how you define difficult. It’s difficult if you go to a non-campus recruiting school and have a poor GPA. It’s not difficult if you go to a campus recruiting school and have a good GPA, or if you have years of experience as a staff or senior accountant and want to join the firm as an experienced hire.
How many hours do you work? Is it as stressful as people say it is? Is there work life balance?
As someone who worked in 2 big 4, it will depend on the team you have. Big 4 do not only do audit, they also have the advisory( financial and tech), tax and support teams. My first one, company A i had a pretty toxic manager and often worked 14 hours per day. The manager constantly pitted us against each other and was inapt at her job. My 2nd job in company B, the amount of work was so much more than in company B. But the manager way of working was structured and he was very knowledgeable. I grew so much and learned so much. I have friends in other field who had the complete opposite. Company B was very toxic to them and they were flocking to company A. You should research in terms of the team and leadership you will be working with. Ultimately a lot of people work atleast 3-5 years and then move on, because it has a lot of weight on your CV. Also after 5 years, they absolutely fall off in terms of pay compared to management companies, banks and industries like IBL, Enl, ciel, etc. The amount of work is also so much less because big 4 companies are constantly understaffed and overbooked.
What was your work about??
I rarely see people in accounting doing career changes and going to get a MBA, I see most get a CPA and then continue in accounting. As someone who has an accounting degree but really doesn’t want to do accounting for more than a few years. Do you guys see people from big 4 firms going to get MBA’s and how much does a name like Deloitte even help MBA admissions? I see it’s a lot of kids working at prestigious banks, and boutique firms. I’m just curious as someone who just graduated college has opportunities in big 4 and an accounting undergrad but doesn’t see themselves in big 4 or accounting/corporate finance long term.
Yes literally all the time. I worked at KPMG, colleagues went to Haas, Ross, NYU, UCLA, Cornell, McCombs, and Vanderbilt. Not to mention the others who went to top tier law schools who now work in Big Law, it’s a very common route.
What particular types of law do they practice? See any trends?
I understand the Big Four offers almost every service, but like the OP I am an accountant, and I'd enjoy hearing that this experience would qualify me for more opportunities beyond just tax law.
I went from a B4 Tax compliance function to M7 MBA. Happy to chat.
Corporate litigation, Investigations, and as you said Tax, ha. Out of the four I am thinking of, 2 are in white collar corporate litigation, one is investigations, and one is in tax.
I started in B4 audit, moved to B4 advisory, got into an m7, switched to tech PM. Had a good story and decent stats. Didn't get my cpa. Dm me if you'd like.
Audit to tech pm? Did you learn to code? Im also going big4 audit to M7 but feel like tech would be impossible. I’d love to discuss it further
I’ve been a tech PM, my sister was a B4 accountant
With all that said, which do you like better?
Incoming Big4 Audit….i have an interview with MIT Sloan’s Early Admission Program in a week and my second CPA exam the following week. So yes.
Can I ask why you are taking the CPA exam while planning to do an MBA soon? Are you hoping to take on a CFO-type position?
See my comment above about it being a deferred MBA program, so I’ll bring doing 2-5years of work at Deloitte before matriculation. I want to pivot into IB and later PE, and being that I want to work in the growing Public PE world, I see starting in financial reporting and getting my CPA as a very valuable asset for my long term finance career.
It’s a deferred MBA program, so just like Harvards 2+2 program where you apply in your final year of undergrad and then if accepted you must defer a minimum of 2 years and maximum of 4/5 years before entering their traditional 2 year full time MBA. So if I’m accepted then I’d do 2-4 years at Deloitte before matriculation to MIT Sloan.
In this market, they also go from a good MBA to the big 4.
Finance major, 3.5 GPA. Can do accounting, but don’t necessarily enjoy it per say. Looking to intern with the big 4, what types of internships should I look into?
The problem with Risk or IT "Consulting" at big 4 is that they trick the unsuspecting naïve new grads that they will be "consultants". If they ever tell people that you'd be a glorified internal auditor then no one would ever apply to those positions at big 4.
Corporate finance (which is basically MM IB)
Management / strategy consulting - anything M&A related
Deal Advisory / Transaction services - Valuation teams take a lot of finance majors
Avoid
Risk advisory, risk assurance , IT Audit , internal audit, tech risk, - anY variations avoid trust me
im in risk adv as an intern right now as a finance major. i am so lost and I'm trying to get out :/ it seems kind of a career pause for me and I'm nervous about my career in the future
I would try to do a bit better than a risk internship. Its not bad for your resume but its better than nothing. You have a whole year left , plenty of time to recruit fro some good FT roles
Apply for finance transformation at the big4. Currently work at Deloitte in their controllership service line.
Is there a reason you say avoid internal audit? Curious in general, but particularly bc I’m an accounting major
What about cybersecurity and law?
from what I read. IT audit is a deadens career
IT_Audit_is_trash appears to be stuck in some sort of endless SOx testing purgatory where their firm has been unable to win any work except SOx.
Risk advisory is just a facade . I am at a B4 WHEN I WAS RECRUITED THE FCKING RECRUITER TOLD ME I WILL BE A RISK CONSILTANT. HOLY FK ITS NOT MY FAULT BUT NOW IVE BEEN DOING ENDLESS IT AUDITS AND THE EXITS FUCKING SUCK. 90% OF MY OFFICE EXIT TO SOME INTERNAL AUDIT/ SOX ROLE OR IT AUDIT OVER AGAIN. FUCK THIS ETERNAL HELL FUCK THE RECRUITER FOR TRICKING SHE CAN SUCK MY CHODE
You can still exit to cushy ‘proper’ consulting roles from it so I would say it can be
I never said IT Audit is better than those. Quit spewing bull shit. Back onto the block list u go. Delusional peon
Hi everyone,
I'm a first-year Business student and planning to major in Accounting and Finance in my second year. I'm interested in the accounting sector, specifically in the government and Big 4 firms.
I’d love to get some advice on what's typically expected from students pursuing this path.
Credit + for vacation roles, even better if you are D+
Depends on the role - Treasury - definitely! There are many clubs not related to Business that need a treasurer to help budget and track spending.
Be a treasurer for a club or society! Volunteering with Peer Network, Soul, Build or Business Mentors. Any sort of paid work experience is great too.
In this day and age, a high credit to distinction is required in addition to extracurriculars (subcom, director). Note that due to the 1/3 decrease in grad jobs this year, people with D's also get rejected.
I would say government roles in general used to be less competitive, but nowadays, many find it hard to get a graduate job. In all, I would say it is around the same. Plus, government departments have more recruiting rounds in comparison to the 2 that the Big 4 have.
Faculty societies, hobby societies (great convo starter) & volunteering. As for work experience, I would try in this order:
- Apply to cadet and adjacent programs (e.g. PWC has an assurance/audit cadet program)
- Cold email local accounting firms (unpaid if need be, and they may take you on as a paid employee OR you can leverage that experience to get a paid position elsewhere)
- Apply for office admin jobs
I am currently looking for different careers outside of tax accounting. I have just over one year of Big 4 experience and have my CPA. I enjoy accounting, but don’t want to do taxes for the rest of my life. It just doesn’t fit my personality. Does anyone have good ideas? I know the timing isn’t ideal given the current economic situation...but any advice helps.
A & F Headhunter here. Even in this market I have at least ten clients that would hire a 1-2 yr BIG4 CPA at the staff level by end of week if they could.
If you are open to staff level general accounting you should have no trouble. In Chicago you're looking at base of 60k to 70k, zero travel and 40ish hours going up 50 around 3 to 5 day close.
If you want a Sr. Title or to go into finance you are going to have fewer options but those roles are still out there.
Curious, how does this handle for someone at GT with 1 year audit experience?
All ten of those same clients would have a staff level TAX role for a 1-2 yr. Out of a 2nd tier (GT, BDO, RSM, Plant, etc.) but only 5 or 6 would consider the same candidate for a full cycle accounting role.
Not much if any difference in salary but certainly fewer opportunities to exit tax directly.
They don't laugh in your face during the interview.
I needed this. Thanks friend.
No problem if you are ever looking in Chicago let me know. You are basically a walking invoice to a recuiter. ;)
Industry.
I am a controller in manufacturing and have held jobs in pharma/life Sciences, industrial manufacturing, food manufacturing, and quick serve retail (fast food). Every one is different and interesting. I particularly enjoy manufacturing. Look at anything posted for finance or accounting around you. Lots of opportunities
On the same boat
Καλησπέρα. Θέλω να μάθω τι παίζει σχετικά με μισθούς παροχές και συνθήκες εργασίες στις big 4, σε entry level θέσεις στο κομμάτι του audit και των deals/valuation/strategy σε Θεσσαλονίκη και Αθήνα.
Πρέπει να ξέρεις τι θέλεις. Εγώ το είδα ως επένδυση στον εαυτό μου (πριν 15 χρόνια). Θα δουλέψεις πολύ, θα πληρωθείς συγκριτικά λίγο, αλλά θα μάθεις x5 από αλλού. Θα δεις πολλές διαφορετικές εταιρείες, θα γνωρίσεις κόσμο. Με ένα καλό timing το exit θα έχει καλή επιστροφή στην επένδυση σου. Αν το δεις έτσι και έχεις όρεξη να λιώσεις δεν υπάρχει καλύτερο σχολείο και εφαλτήριο για την καριέρα σου. Τουλάχιστον αυτά ίσχυαν παλιότερα.
Προ τιπ: καλά exit points είναι στα 3 (senior), 5-6 (manager) η 10 (senior manager) χρόνια.
να πας. θα δουλευεις πολλες ωρες αλλα δυστυχως αξιζει. γιατι; γιατι θα μαθεις πολλα, και θα χτισεις βιογραφικο. θα εχεις και πιο πολλες πιθανοτητες για να φυγεις εξωτερικο αργοτερα. επισης μακροπροθεσμα μπορει να μπεις σε υψηλες θεσεις manager, senior manager, director και να βγαζεις τρελα λεφτα για τα ελληνικα δεδομενα π.χ. 3000ευρω καθαρα.
Δεν ξεκινάς για τον μισθό σε τέτοιες εταιρίες. Είναι άλλα τα κίνητρα (εμπειρία, εξέλιξη, καλή έξοδος).
Να πας αν ξερεις που πηγαινεις. Σαν να κανεις αιτηση για ΟΥΚ, μη πας περιμενοντας λουλουδια.
Βαρας 12ωρα, εχεις τρελες διοριες, εχει αρκετο στρες.
Πληρωνει καλα, ανεβαινεις σχεδον καθε χρονο θεση και μισθο, μαθαινεις σε 3 οσα θα μαθαινες σε 15 χρονια σε μια κανονικη θεση, κανεις γνωριμίες με απειρες εταιρειες καο χτυ9ας καλη θεση μερα τα 3-5 χρονια εκει.
Πηγαινει αν εχεις αυτο το πλανο, να φας σκατα για 3 χρονια, να σκιστεις και να μαθεις με προοπτικη να βρεις καλη δουλεια μετα.
Απο οσους μπηκαμε (πριν 15 χρονια) Το 30% τα παρατησε στο χρονοα, το 30% εχει παραμεινει στην εταιρεια, το υπολοιπο 40% εχει βρει δουλεια εκτος. Κανενας δεν ειναι κακοπληρωμενος για επιπεδα ελλαδας. Δεν ξερω πως ειναι τα πραγματα τα τελευταια χρονια οποτε επιφυλασομαι.
Εγώ με μεταπτυχιακό που είχα κάνει συνέντευξη μου είχαν πει 950€-1.000€. Απλά επειδή ξέρω τι σκατό τρώνε δεν το αποδέχτηκα και έφυγα έξω. Αλλά τόσο είναι γενικώς. Ανάλογα τα προσόντα σου, αν δεν μπορείς να βγεις έξω πάνε. Βγάζεις 1.000€, κάθεσαι 2 χρόνια και μετά πας κάπου πιο ανθρώπινα.
As an upcoming senior studying accounting, intending to obtain a masters degree in accounting, I really want to focus on building my resume with things that would help me stand out. I've worked two internships at the same credit union, in the accounting department for two breaks and now in the lending department, but what else could I do to stand out from the crowd in a big four perspective?
​
ANY INFORMATION HELPS!
On the resume: GPA, 150 credits before starting at the firm, extracurriculars/work experience. For the interview: someone who is personable and has social skills.
Edit: any skills/proficiency with Alteryx, Tableau, UiPath or data analytics will make you stand out. Alteryx has a free core certification program online. If you have some time during the summer, I recommend getting it and putting it on your resume.
Everyone has the GPA. You want leadership roles e.g. in your accounting society, etc. Then get to know someone /do an internship.
Based on my application history with them, I can probably tell you what they aren't looking for...
Good gpa, don't be socially awkward at the interview. That's it.
Literally dont be weird and have a good GPA = guaranteed Big4
Big4 is borderline blue collar work btw not as selective as u think it is
careers at big 4 accounting firms
Key Considerations for Careers at Big 4 Accounting Firms (Deloitte, PwC, EY, KPMG)
Types of Roles:
Qualifications:
Work Environment:
Career Progression:
Compensation and Benefits:
Recommendation: If you're considering a career at a Big 4 firm, focus on gaining relevant internships during your studies, as these can significantly enhance your chances of securing a full-time position. Networking with professionals in the industry and attending career fairs can also provide valuable insights and opportunities.
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