Big 4 vs. Internal Audit

  • Creator
    Topic
  • #181809
    motogoloto
    Member

    Hi Everybody,

    I am new to this forum and can use some advice. I just finished my Masters and passed the CPA. I currently have two job offers. One offer is big 4 external audit and the other is an Internal Audit job with a Fortune 50 firm. The Internal Audit job is paying 10k more. What will you all advise?

Viewing 15 replies - 1 through 15 (of 18 total)
  • Author
    Replies
  • #490669
    UNC MAcc
    Member

    IA has better pay and better work / life balance. Big 4 will look better on your resume in the future.

    Enjoy working at Bank of America.

    B - 89
    A - 80
    R - 78
    F - 86

    CIA, CFSA, MBA, MAcc (too many f'ing degrees and certs, I know, trust me)

    #490694
    UNC MAcc
    Member

    IA has better pay and better work / life balance. Big 4 will look better on your resume in the future.

    Enjoy working at Bank of America.

    B - 89
    A - 80
    R - 78
    F - 86

    CIA, CFSA, MBA, MAcc (too many f'ing degrees and certs, I know, trust me)

    #490671
    motogoloto
    Member

    Which one would you do? Will the 10K lower salary at the big 4 be worth it in the long run?

    #490696
    motogoloto
    Member

    Which one would you do? Will the 10K lower salary at the big 4 be worth it in the long run?

    #490673
    UNC MAcc
    Member

    I took the money. I don't regret it. The only time I would have taken Big 4 was if I was debt free and under 25.

    B - 89
    A - 80
    R - 78
    F - 86

    CIA, CFSA, MBA, MAcc (too many f'ing degrees and certs, I know, trust me)

    #490698
    UNC MAcc
    Member

    I took the money. I don't regret it. The only time I would have taken Big 4 was if I was debt free and under 25.

    B - 89
    A - 80
    R - 78
    F - 86

    CIA, CFSA, MBA, MAcc (too many f'ing degrees and certs, I know, trust me)

    #490675
    jlough
    Member

    Depends on what your interests are– I've done both public accounting and internal audit. I would say that if you ultimately want a corporate accounting position, go with the B4 job. You will learn more about overall accounting than you will with the IA job. I'm in corporate accounting now and I feel like my B4 experience has helped me much more than my IA experience did.

    F- 7/13- 84
    R- 10/13- 79
    A- 11/13- 99
    B- 1/14- 86

    Licensed in PA- 3/20/2014

    This exam ALMOST defeated me back in 2006-2008, but I came back and WON!

    #490701
    jlough
    Member

    Depends on what your interests are– I've done both public accounting and internal audit. I would say that if you ultimately want a corporate accounting position, go with the B4 job. You will learn more about overall accounting than you will with the IA job. I'm in corporate accounting now and I feel like my B4 experience has helped me much more than my IA experience did.

    F- 7/13- 84
    R- 10/13- 79
    A- 11/13- 99
    B- 1/14- 86

    Licensed in PA- 3/20/2014

    This exam ALMOST defeated me back in 2006-2008, but I came back and WON!

    #490677
    Anonymous
    Inactive

    Is about what you prefer.

    In my own opinion, I like controls so IA fits me well. After CPA I plan to do the CIA and land a job with really good salary and life balance.

    I have worked for public practice long time (Big 4 and small firms) and yes, you really learn a lot but not so much social life.. so all is about what you love to do!

    #490703
    Anonymous
    Inactive

    Is about what you prefer.

    In my own opinion, I like controls so IA fits me well. After CPA I plan to do the CIA and land a job with really good salary and life balance.

    I have worked for public practice long time (Big 4 and small firms) and yes, you really learn a lot but not so much social life.. so all is about what you love to do!

    #490679
    Anonymous
    Inactive

    if your ultimate plan is industry, IA!

    #490705
    Anonymous
    Inactive

    if your ultimate plan is industry, IA!

    #490681
    Mayo
    Participant

    Depends on the IA shop.

    I would say go with B4 first, and then transition to IA afterwards.

    Pros are:

    -You can pick and choose which industry you want to jump to once you get 2-3 years in B4. At the moment you only have that one IA job..

    -You'll get better on the job training at the B4.

    -You'll get others exit opportunities to consider than just IA.

    -Your resume will always benefit more with a B4 name on it.

    -Better overall network at B4;

    Of course, work/life balance matters, and I wouldn't assume to have any after your first year at the B4. It's just the way it is.

    Mayo, BBA, Macc

    #490707
    Mayo
    Participant

    Depends on the IA shop.

    I would say go with B4 first, and then transition to IA afterwards.

    Pros are:

    -You can pick and choose which industry you want to jump to once you get 2-3 years in B4. At the moment you only have that one IA job..

    -You'll get better on the job training at the B4.

    -You'll get others exit opportunities to consider than just IA.

    -Your resume will always benefit more with a B4 name on it.

    -Better overall network at B4;

    Of course, work/life balance matters, and I wouldn't assume to have any after your first year at the B4. It's just the way it is.

    Mayo, BBA, Macc

    #490683
    motogoloto
    Member

    Thanks for all your responses guys! I got some more time to make my decision and wanted to get some advice on one more thing. If i go with the B4, how much can I expect to make in IA or corporate accounting if I do 3 years at the B4? I'm wondering if I will make up the 10k loss between IA and B4, after a few years. Also what are the average raises like at the B4?

Viewing 15 replies - 1 through 15 (of 18 total)
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