- This topic has 33 replies, 13 voices, and was last updated 7 years ago by zchen42.
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March 9, 2017 at 8:45 am #1509378zchen42Participant
Hi Everyone,
I had a phone screen interview with KPMG a few days ago. How long should I expect to wait to hear from them regarding the second round interview? Usually how many people or percentage can go to second round?
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March 16, 2017 at 7:42 pm #1514514AnonymousInactive
I think there are a lot of misconceptions about Big 4. The experiences for each person are all probably unique depending how skilled they are and which office/location they are working in. I have been trying to learn more from the Big 4 people as I will be making that transition once I complete the exam, but I have been getting mixed reviews.
March 16, 2017 at 8:51 pm #1514532wng1885ParticipantWhat are some good 2nd tier Public accounting firms to work for that will help you gain a broad skill set?
AUD: 68, 73, 81FAR: 72, 78
BEC: 78
REG: May 2017
March 16, 2017 at 9:09 pm #1514539jivexturk3yParticipantAfter the 4, the 5th, 6th, and 7th biggest in terms of revenue is McGladrey, Grant Thornton, and then BDO, in that order.
March 16, 2017 at 10:13 pm #1514566SonParticipantNot sure I'm buying into the whole “pigeonholed” argument. You might be focused on something specific for the first few years as a staff. As a senior and then manager you work on a multitude of clients and touch a lot more areas. I'd actually argue you're much more well-rounded after 5 years with a Big4 than if you choose to start in industry as you work with a lot more clients with varying fact patterns.
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FAR - passedMarch 16, 2017 at 10:20 pm #1514572AnonymousInactiveThe thing with smaller or even mid-sized firms is typically you are not only performing one accounting function (audit, tax, bookkeeping, etc).
Working in smaller/mid-sized public accounting firm, you would normally have the opportunity to provide all types of service. Typically in smaller firms you have a more personable relationship with clients and get to play an integral part in onboarding new clients and seeing the whole process through.
From my understanding of Big 4, everything is usually nice and neat and already laid out for you. In other words, you don't have to do much digging or dirty work yourself at Big 4. A lot of analyzing documents and spreadsheets, but the clients pretty much do what you ask them to do or most of the time already have everything prepared for you to audit.
At the firms I've been with, I've onboarded clients. Prepared all types of tax returns from 1065, 1120, 990, 1040, and 1041, etc. I've also performed a variety of assurance services from start to finish including audits, reviews, comps, and even AUPs and forensic engagements. I've created an entire accounting system for a $10M+ company using job costing and established a payroll system for 60+ employees. (This is with about 5-6 years experience).
I don't think Big 4 gets to do things like that and have a more narrow skill set. Unless of course, you get into the actual big firm stuff like M&A or consulting, etc.
March 19, 2017 at 12:13 am #1515447SonParticipantBrickellCPA, I see your point now and I agree that at Big4s you stay within the frames of your service line: audit, tax or advisory. In that respect your experience will definitely be limited. On the flip side, you can actually learn your area in depth.
Regarding data being laid out for you neatly – I wish that was true. No one is willing pay you $500/hour and do all the dirty work for you.
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FAR - passedMarch 19, 2017 at 11:14 am #1515487ThomasHallbergParticipantGood luck, I love it at KPMG. (Just named Fortunes 100's 12th best company to work for) Busy season sucks, but they make it worth it in the summer, and you get so many perks. Why am I doing big4 pub accounting? It is going to slingshot me into a high position.
AUD - 81
BEC - 77
FAR - 76
REG - 75How does Santa's accountant value his sleigh? Net Present ValueGood luck favors the prepared
KPMG Audit
March 20, 2017 at 11:06 am #1515888wng1885ParticipantDo CPA candidates typically qualify for Big 4 Experienced hire? I have currently passed 2 out of 4 exams and will still need to go back to school to finish my credit requirements. Currently I have 3+ years of corporate accounting experience as a Staff Accountant. I'm weighing my options right now trying to decide if i should wait till I have passed all 4 exams as well as finished my credits before I apply to a public accounting firm or start applying now.
AUD: 68, 73, 81FAR: 72, 78
BEC: 78
REG: May 2017
March 20, 2017 at 11:46 am #1515925AnonymousInactiveFrom what I saw in my university recruiting they require 150 credits to be eligible for the positions…
I did a summer internship and got a full time offer, contingent upon my completion of the 150 credit hours requirement before start date.March 20, 2017 at 4:42 pm #1516218shawn in VAParticipantSOn-
By your math at $50 per hour at 2,300 hours per year (what my firm requires us to work) that is $115,000 for a Senior?!?!? You stated that this is how much money a person with 3-5 years experience makes which at my firm and probably big 4 puts you at Senior …MAYBE manager.
I am in a high COL area and my salary at senior is NO WHERE near $115K. That kind of salary is verging on Senior Manager with like 15 years experience —this is in the DC area where salaries are higher.
Please re-do your math. Also many (not all) Big 4 accountants do get pigeonholed. We had 2 join our firm and both were fired after 1 year. They could not do the “dirty” work because at their prior jobs everything was presented cleanly/ready to go.
AUD - 84BEC- 81
REG-75
FAR- TBD
March 21, 2017 at 12:31 am #1516621SonParticipantshawn in VA, didn't you say you don't work for Big4? I think salaries and hours are not comparable across industries and companies.
Minimal chargeable hours requirements are between 1600-1800, depending on the level and group (talking about tax), + 300-400 or so of non-chargeable work. In my case I've averaged about 2200/year, give or take. We get 20-25 days off per year, not counting holidays. And yeah, you're pretty close in your salary estimate, I'm making over six figures with less than 5 years of experience (not a major market, one of the smaller offices).
I'm sorry but not surprised to hear you might have had bad experience with Big4 alumni – some people are better than others, and Big4 folks are no different. That being said, never seen a single Fortune 500 tax posting that didn't say “Big 4 required” or “Big 4 preferred.”
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FAR - passedMarch 23, 2017 at 8:48 am #1520823zchen42ParticipantIf the recruiter asks” why do you wanna work in our *** office”, how can I answer the question? Their website shows general information but not specific office. From which perspective can I answer?
March 28, 2017 at 12:15 pm #1524408SonParticipantzchen42, I'd be surprised if you got a question like that. Unless there's something unique about the office (e.g., it's in DC and everyone knows they only do stuff for the government) all offices are pretty much the same. You won't know about specifics (clients or projects) until you start working. Better find an answer to “why this group/service line?” question.
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FAR - passedMarch 28, 2017 at 12:40 pm #1524423tud20551ParticipantIf your not in the Big 4 you are going to hate
Hate me cuz you aint me.
April 4, 2017 at 6:22 pm #1528558zchen42ParticipantThe tax season is going to end. Does it mean big 4 will have fewer hiring needs in the next few months?
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