Depending on your background and what GMAT you can get, I would say shoot for a top 20 MBA. 15% Audit>TS>IB; 40% Audit>TS>Top MBA>IB; 30% Audit> Top MBA>IB; 5% Audit>TS>CF>MBA/IB; Transfer to Transaction Advisory. Great site! Assuming you're working in Chicago with an accounting degree from a good school and 4 years of experience in auditing and tax with a Big 4 firm. TS groups tend to work more than audit and close to banking hours but don’t get near IB pay. The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. 2. Be aware that there could be limited/no spots open and you may have to wait. Your email address will not be published. This presentation helps to identify the market interpretation of BIG 4 Auditing Giants. Tax preparation, auditing and business consultation … You would think that working for a Big Four firm in auditing would positively impact your chances of admissions to top MBA programs, wouldn’t you? Keep in mind that switching jobs/firms within a year or so could put a damper on your resume, but if you’re serious about getting into banking it will be worth it. Primarily for accountants and aspiring accountants to learn about and discuss their career choice. The audit partners who hired you made an investment in you and want to keep you as long as possible to get the most return (unless they decide to lay you off). In case that doesn’t work, you may also consider doing an MBA … Transferring to TS/TAS is not a cakewalk, however, but is easy example of how to get into investment banking from accounting. Don't do it if it will impact you getting a promotion. Close. Tell the person that you would be more happy and successful in your career if you made the transfer. The groups have different names so be aware that some jobs might be for due diligence with less client exposure and more auditing while other transaction support jobs will be working directly with bankers and the client in the life cycle. But honestly the 3rd reason for wanting to get CFA(1st:Look good to Advisory people; 2nd: Look good to admission) is to maybe switch to some sort of research job at an financial services company in 1 or 2 years. I sent you a email about a blog request. Further, MBA programs have better access to TS groups. Simply put, MBB is tough. It includes Market share capital, Labour, Turnover, Internship details etc! You should wait about 6-8 months, after you’ve gotten some good engagement reviews to bring it up. In fact is it even possible to break into a top MBA program as a Big 4 auditor/accounting person. Within each of the Big 4’s advisory services are Transaction Services or Transaction Advisory … Big 4 usually refers to the four largest accounting and auditing firms: PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. Really think about how you'll meet all the requirements for chartering before you start that path. We spoke to a former audit graduate at PwC (who prefers to remain anonymous) about why she chose the graduate scheme she did, the value of her internship at PwC, what doing an audit graduate scheme is like, and where it might take you.. We hope you find it useful if you're considering an application to PwC or any of the other ‘Big Four’ firms.. Why I Chose Audit But audit … If you don’t think that’s attainable, try and network directly with regional/MM investment banks. I actually did (or would have done, had I not left for an MBA) exactly what you are proposing. Almost all MBA programs list the recent employers that students have gone to work for. Accounting and advisory firm EY, one of the top employers of M.B.A. graduates each year, is now handing out its own degree. It’s true. I’m sure they will understand. Holders of an MBA degree earn $87,000 per year on … It’s targeted towards networking into Big 4 but the advice is still applicable. The basic difference between MBB and the Big 4 (Deloitte, E&Y, PwC, and KPMG) is that while MBB provide strategic management consulting, the Big 4 focus on accounting. Sorry for the delayed response. They don’t usually win work for the big transactions but do a lot of work for smaller companies. Posted by 5 years ago. Big 4 Accounting firms & Services Offered. This is also why I thought about the CFA, that it would look good when I'm trying to switch to Advisory. If this isn't true how much work experience is needed to break into a top MBA. You really never know who is connected to who. What have you done in your career so far and how that experience coupled with an MBA will get you to both your short and long term goals. I worked with someone in Big 4 audit who wound up at one of the top 3 MBA programs. The short answer, and you probably saw it coming is Networking. I thought I could be like these people, do public for like 3-5 years, get into elite MBA program, yadda yadda... but I recently realized that I just don't have the energy to do that, and I can't really force myself to be someone I'm not. These groups are very small and often look for ex bankers to fill their slots. 3.8 GPA and targeting mid-700's GMAT. The value the MBA brings is primarily based on the access to the firms and prestige. If you’re interested in banking make sure to take a look at the employers that recruit from the school. Being an URM, you'll have an easier chance with lower stats to get in than others. 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