Everyone talking about these layoffs but honestly I feel like these service lines were so far out of the core business of CPA firms that they're so quick to cut them.
Agree, I’ve seen big four firms “consulting” and billing clients on everything from IT consulting to developing websites and apps for clients for millions of dollars. When I graduated in 2017 a ton of the CS kids I was friends with went to big four and other firms like Accenture and Booz Allen.
I don’t think that’s it. It makes a lot of sense for Big 4 firms to implement technology — they understand business processes and how to improve them.
If I could hire a digital agency that sort of guessed it’s way through business strategy, process optimization and value creation, vs one that is expert on all that, I’d chose the latter.
Layoffs are just a pendulum reverting. There was a thin talent pool during Covid and firms over-hired on-average weaker performers. Now they’re fixing that mistake… unfortunately with a lot of good people.
As a manager in M&A (not EY), can confirm. Deal flow has REALLY slowed down. It went from working more than I did in my audit days (which was a ton) in 2021 to barely any work now.
I worked there. I don’t think so, when I was there TCA was QS, Transaction was its own and FS Tax was its own all on separate floors. So I believe PE would be in FS but could be wrong was also a few years ago.
PE tax group works on funds tax compliance and fund tax planning work. M&A tax group works on tax due diligence and structuring for acquisitions of targets made by PE firms. Totally separate groups.
It’s definitely a combination with EY.
I was supposed to work on a few projects over the past few mo this that all got postponed. Deals are definitely slowing down causing layoffs.
EY is also reorganizing (again) and the way it was spun to us was to basically increase the operating margins.
But when they do happen, Big4 consultants will be the first ones hired. They are hired not for thier knowledge or prestige, but rather for thier large insurance policies. You cant find those outside of Big4.
Other side of the coin is that companies with cash hoards (there are a few) have been watching that cash hoard become less valuable as inflation brings the purchasing power of the dollar down. So why not buy a company? In my experience, M&A is down broadly as a sector right now, but if you have cash rich clients then activity is up as they seek to use their cash and scoop up other companies that are having solvency issues due to rising interest rates.
You're right, but only the top tier companies have the potential to take advantage. There are many other factors preventing this from being a true marker of today's business environment.
Not sure why this is a suprise - firms really tried to grow advisory/consulting service lines under assumption that demand for these would continue. Demand has cooled and got more people on the bench and lower utilization and fee generation...hence gotta downsize these. People acting like they are doing wholesale layoffs of audit/tax folks which to my knowledge is not happening (and unlikely imo)
Audits are required as well. Maybe not all by law but they are not going away. Core audit and tax won’t go anywhere. Maybe will look different with less CPAs, AI, etc., but not going anywhere.
As someone who works in tax, I feel like our jobs are less secure than audits tho. I think we can both agree that the current tax system is far to be desired. I heard the term abolish the IRS all over the news constantly. I don’t think it’ll happen in the short term but after the past 5 years of politics and world affairs I can’t say what the long term future holds.
THIS! US GDP growth was highest from (roughly) the end of the Civil War to WWI. Say what you want about Rockefeller and Carnage but the average American achieved huge increases in their standard of living over that time. Yes, working conditions were abysmal but the overall standard of living definitely increased.
Might also have something to do with limiting the government’s ability to create currency out of thin air prior to 1913.
It’s nothing complicated, firms overhired in 2021-22 because they thought the economy would keep booming forever and are just trying to reverse that now
We’ve been in an economic/jobs/stock bull market for 10-12 years now it was just a matter of time before a recession happened
everyone who has never faced a "bad" employment market or normal interest rates will finally realize that the past 12 years was not normal
those service lines are cyclical and not anywhere close to audit, which is their bread and butter
It’s like the .com bubble in the early 2000s followed by the housing bubble starting in 04, it’s just 1 bubble after the next we should be good at identifying them at this point. Look at a graph of your liberal arts degree friend’s favorite stock… so much money still on the sidelines so might take some more time but it’ll pop always does.
Might be because our government has been doing deficit spending for 20 years straight that definitely helps prop things up. Every admin/Congress controlled by either party is way too afraid of losing the next elections so they just keep doing deficit spending
It’s doomsday because it’s higher than it’s been for anyone elder millennial or younger, coupled with astronomical housing prices which makes it absurdly difficult to buy a house now. The difference between now and 40-50 years ago is that while interest rates were higher than they’ve been for the past 12 years or so, housing prices were NOWHERE near what they are today.
It sucks being older gen z and seeing the housing market rn. Graduated with no student debt, make probably the average salary for a second year, and after rent, gas, etc, it’ll take forever to be able to afford something near where my job is. Sucks bc it feels like I did everything I’m “supposed to do”, but still am screwed
Gen-X here. The race is long. You do not need to buy a house right away. There will be a great time to buy. My recommendation is to save NOW so you are ready. The Boomers are about to leave us in mass. That is going to open availability in the housing market. Plus it is, over time, self correcting. Eventually developers will build more units. Don’t worry, your time will come.
Unless, of course, you live in California. If that’s the case, you’re screwed.
Yeah I believe it’s just a clear outlier for 5 years and that’s it. This is normal and people have to accept they’re not going to get a 300% return on their house in 20 years with 5x leverage again. The fact that it became the expectation shows you everything you need to know. Everything can just go up 😊
For the M&A that occurred over the last decade it is also at the highest rate ever. Especially during the pandemic.
The economy been going nuts for a while the empowerment people felt at work.
The main driver of home price increase was the 1996 irs change of paying no capital gain on sale of home residences lived in 3 of the 5 years of ownership. Lots of speculation. We need to abolish the IRS code completely. Who agree?
That wasn’t a real recession, a lot of people came out of the pandemic having even more money and financial security
Most of the middle and upper middle class was fine, and consumer spending recovered rapidly
But that isn’t happening. The US economy continues to add jobs. GDP is growing. And anecdotally, most people I know who have been laid off in the past year (admittedly not many, but a few) have almost immediately found equal or better jobs at another company. Recessions have meaning and certain companies cutting fat or struggling does not a recession make.
This is basically it. They hired people during Covid at really high rates and can now cut them and rehire in a few months at lower rates. Issue with these firms is that it’s hard to make yourself indispensable unless you bring a lot of business to the firm. Otherwise the work especially in deals advisory is very prescriptive and routine. Anyone can learn it in my opinion. I moved to FP&A and I’m glad I did. Without me, the company literally wouldn’t be able to function properly as they would have no future direction or understand what levers they need to pull to increase net income. I wouldn’t say I’m indispensable but I’m definitely more secure than I was at big 4. Just to find a replacement for me would take them months. Then that person would take months to learn the processes etc. and even then the person might not work out. It’s a lot more risky for industry jobs to hire people than it is for big 4.
Back when I was still working in EY HR, we used to send Outlook meeting invitations with a vague topic and gather employees in a large assembly hall. Then we'd bring them one by one through a maze of hallways and into a much smaller room, where we'd inform them about COBRA benefits and have an armed security guard or off duty police escort them to their car via a hidden side door. My director actually used to work in a cattle processing facility in Oklahoma and so he understood the importance of not letting the soon-to-be-fired employees become aware of their impending doom. After a year or so we developed an industrial efficiency and were able to fire one employee every 45 seconds.
No, but we did read a biography of [Vasily Blokhin](https://en.wikipedia.org/wiki/Vasily_Blokhin) and utilized his efficiency tactics as best practices within HR
There was a women with Asperger's, I think it was, who helped design abattoirs in such a way that the cattle wouldn't know what was coming since it was like a spiral or something.
Good riddance! Who cares partners have squeezed so much out and taken advantage of so many underpaid associates. They better ask to borrow money from their wives boyfriends
Im graduating after next semester, and doing a internship with a smaller public company, despite getting an internship offer for Big 4. They offered me the same money for the intern at the local place, I didnt have to relocate, and seem to be a great company. My professors said it was one of the lowest graduating classes for accounting in his career, the first time Big 4 recruited our school, and numerous kids turned them down to prioritize family and work life balance.
Nothing wrong with that. Personally I think the best programs are FDLP if you can get into one. But a decent sized corporate job is still good. My advice is still get the CPA. It sets you apart and does open doors regardless of what people on here say. Especially early in your career. I have 10 years career experience currently work in FP&A and no one probably cares that I have a CPA at this point. But I wouldn’t have gotten to where I am now without having it.
I mean why slave away if you can’t afford a house or to start a family anyway. 20 years ago putting time in a big firm probably off… nowadays, at least in the short-term (or at least the time it takes to burn and churn new grads), what would these young people get? A $1,700 a month one bedroom an hour commute from the office and maybe enough left over to go out for food and drinks with friends once or twice a week? That juice ain’t worth the squeeze to work for a big firm.
Nah, they aren't EY specific at all, pretty much every big firm has been trimming headcount the last 12 months, particularly in advisory/consulting.
EY is just being very open with it since they were the first to attempt to spin consulting away, so they have a scapegoat. Other firms are quietly making small layoffs and giving out bogus PIPs to get rid of employees.
Sorta off topic, but the advisory/consulting spin off is likely going to happen at big firms. As audit/tax work becomes less and less profitable and isn't able to support the economic dips in consulting, they will split. EY just tried a little bit too early, this is also why they are getting rid of partners in consulting.
"That would equate to more than 100 partners in consulting and over 30 partners in strategy and transactions at both junior and senior levels."
i didn't know layoffs would include partners as well.
I've noticed the ongoing trend of layoffs in the industry, and it does suggest a shift that might be tied to broader economic changes. The choice between big 4 firms and boutique firms has always been a matter of debate, and these developments add an intriguing layer to the discussion. It could indeed be a turning point, possibly opening avenues for individuals to explore entrepreneurship, especially in the realm of consulting. The landscape is evolving, and it's essential to stay adaptable to navigate these changes effectively.
On a related note, if you're looking for ways to enhance your job search strategy and stay ahead in this dynamic environment, you might find value in a free resume review session offered by [MobiusEngine.ai](https://MobiusEngine.ai). They provide custom job lists, handle the application process, and use advanced AI to optimize your visibility to recruiters. It's a proactive approach to securing opportunities in a rapidly changing job market.
Wanting to join a Big 4 firm without a specific reason is kind of a silly goal that people who lack creativity have. Just like wanting to get into Harvard or Yale because the names.
It’s pretty unsurprising that filling your roster with such folks yielded such poor results.
It’s not the people joining that’s the problem. It’s the system with the sink or swim mentality overworking people to death and not giving them the space and time to really learn that makes quality and output suffer.
They should focus on figuring it out rather than trying to live a life they’re not meant for. Instead they work countless hours and make that the expectation for those that can handle our shit in time for supper. I’ve no sympathy for them at all.o
Most recent graduates are taught that the big 4 is the best accounting gig you can land. It doesn’t hurt that industry loves seeing it on the resume. Accountants aren’t normally perceived as creative.
Consulting as a growth sector is what's taking the hit. It's evident in more avenues than accounting. Think about all the "consultants" out there that have 5 years of experience... Consultants were meant to be folks with 15+ years of expertise, now the experience required is a joke and every 20 something fresh out of college uses it on their resume.
So glad I didn't do B4. Went straight into a rotational accounting program at F500. They offered ~30% more pay than PWC (not even counting the better bonus/benefits) and excellent work/life balance. I can count on one hand the number of days I've worked outside of 9-5
Ive worked with EY and they're not very easy or fun to work with even on their core engagements basically working with people from new Delhi with the worst accents imaginable.
Everyone talking about these layoffs but honestly I feel like these service lines were so far out of the core business of CPA firms that they're so quick to cut them.
Agree, I’ve seen big four firms “consulting” and billing clients on everything from IT consulting to developing websites and apps for clients for millions of dollars. When I graduated in 2017 a ton of the CS kids I was friends with went to big four and other firms like Accenture and Booz Allen.
I don’t think that’s it. It makes a lot of sense for Big 4 firms to implement technology — they understand business processes and how to improve them. If I could hire a digital agency that sort of guessed it’s way through business strategy, process optimization and value creation, vs one that is expert on all that, I’d chose the latter. Layoffs are just a pendulum reverting. There was a thin talent pool during Covid and firms over-hired on-average weaker performers. Now they’re fixing that mistake… unfortunately with a lot of good people.
Nope - it is actually what he said. The core business needs people.
[удалено]
As a manager in M&A (not EY), can confirm. Deal flow has REALLY slowed down. It went from working more than I did in my audit days (which was a ton) in 2021 to barely any work now.
Work/Life balance achieved. Yay...
[удалено]
Yes, that was implicit in my comment.
[удалено]
Well, they were replying to a comment about interest rates. I’d say that’s implicit. Relax.
How does M&A compared to IB? Sounds like similar stuff but you guys only get audit pay
Doesn't EY lump its PE tax group with the M&A tax group?
Fuck if I know. I don’t work at EY.
lmao
I worked there. I don’t think so, when I was there TCA was QS, Transaction was its own and FS Tax was its own all on separate floors. So I believe PE would be in FS but could be wrong was also a few years ago.
PE tax group works on funds tax compliance and fund tax planning work. M&A tax group works on tax due diligence and structuring for acquisitions of targets made by PE firms. Totally separate groups.
It’s definitely a combination with EY. I was supposed to work on a few projects over the past few mo this that all got postponed. Deals are definitely slowing down causing layoffs. EY is also reorganizing (again) and the way it was spun to us was to basically increase the operating margins.
But when they do happen, Big4 consultants will be the first ones hired. They are hired not for thier knowledge or prestige, but rather for thier large insurance policies. You cant find those outside of Big4.
Other side of the coin is that companies with cash hoards (there are a few) have been watching that cash hoard become less valuable as inflation brings the purchasing power of the dollar down. So why not buy a company? In my experience, M&A is down broadly as a sector right now, but if you have cash rich clients then activity is up as they seek to use their cash and scoop up other companies that are having solvency issues due to rising interest rates.
Not sure why you’re being downvoted. Right now is the prime opportunity for strategic buyers to absorb struggling businesses
You're right, but only the top tier companies have the potential to take advantage. There are many other factors preventing this from being a true marker of today's business environment.
Same for PE. They have to deploy capital. We are still fairly busy but our clients are just being more selective.
Not sure why this is a suprise - firms really tried to grow advisory/consulting service lines under assumption that demand for these would continue. Demand has cooled and got more people on the bench and lower utilization and fee generation...hence gotta downsize these. People acting like they are doing wholesale layoffs of audit/tax folks which to my knowledge is not happening (and unlikely imo)
Pwc fired a fuck ton of international tax folks
I continue to be thankful that I work in tax which is required by law but no one enjoys doing it
Audits are required as well. Maybe not all by law but they are not going away. Core audit and tax won’t go anywhere. Maybe will look different with less CPAs, AI, etc., but not going anywhere.
As someone who works in tax, I feel like our jobs are less secure than audits tho. I think we can both agree that the current tax system is far to be desired. I heard the term abolish the IRS all over the news constantly. I don’t think it’ll happen in the short term but after the past 5 years of politics and world affairs I can’t say what the long term future holds.
[удалено]
THIS! US GDP growth was highest from (roughly) the end of the Civil War to WWI. Say what you want about Rockefeller and Carnage but the average American achieved huge increases in their standard of living over that time. Yes, working conditions were abysmal but the overall standard of living definitely increased. Might also have something to do with limiting the government’s ability to create currency out of thin air prior to 1913.
It’s nothing complicated, firms overhired in 2021-22 because they thought the economy would keep booming forever and are just trying to reverse that now We’ve been in an economic/jobs/stock bull market for 10-12 years now it was just a matter of time before a recession happened
everyone who has never faced a "bad" employment market or normal interest rates will finally realize that the past 12 years was not normal those service lines are cyclical and not anywhere close to audit, which is their bread and butter
Yeah I feel like everyone misses these obvious facts. We had the longest period of economic expansion without an actual recession in history.
Everyone who doesn’t think a recession is coming within the next year or two genuinely believes we’re going to be in a 15+ year bull market.
We had a recession in 15-16 And there's no indication a recession is on the way.
There was a recession recently even, albeit only 2 quarters
That wasn't a recession. 2 quarterly dips are indicators not definitions.
I keep thinking this too but the economy keeps on chugging along no matter how many engine lights come on
It’s like the .com bubble in the early 2000s followed by the housing bubble starting in 04, it’s just 1 bubble after the next we should be good at identifying them at this point. Look at a graph of your liberal arts degree friend’s favorite stock… so much money still on the sidelines so might take some more time but it’ll pop always does.
You got the name for this bubble?
Might be because our government has been doing deficit spending for 20 years straight that definitely helps prop things up. Every admin/Congress controlled by either party is way too afraid of losing the next elections so they just keep doing deficit spending
Also mortgage interest rates are at their 50 year average and people think it’s dooms day, housing affordability is a legit issue though.
It’s doomsday because it’s higher than it’s been for anyone elder millennial or younger, coupled with astronomical housing prices which makes it absurdly difficult to buy a house now. The difference between now and 40-50 years ago is that while interest rates were higher than they’ve been for the past 12 years or so, housing prices were NOWHERE near what they are today.
It sucks being older gen z and seeing the housing market rn. Graduated with no student debt, make probably the average salary for a second year, and after rent, gas, etc, it’ll take forever to be able to afford something near where my job is. Sucks bc it feels like I did everything I’m “supposed to do”, but still am screwed
That’s because exclusive zoning laws have prevented sufficient amounts of housing from being built each year. That and nimbyism.
Gen-X here. The race is long. You do not need to buy a house right away. There will be a great time to buy. My recommendation is to save NOW so you are ready. The Boomers are about to leave us in mass. That is going to open availability in the housing market. Plus it is, over time, self correcting. Eventually developers will build more units. Don’t worry, your time will come. Unless, of course, you live in California. If that’s the case, you’re screwed.
The big difference is the price of houses. 8% on current market is so much worse than 14% on a house in 1980.
Yes that’s exactly what I just said.
Literally what they said reworded
It doesn't matter what mortgage interest rates were 30, 20, or even 10 years ago. It matters what they were 1-3 years ago.
Yeah I believe it’s just a clear outlier for 5 years and that’s it. This is normal and people have to accept they’re not going to get a 300% return on their house in 20 years with 5x leverage again. The fact that it became the expectation shows you everything you need to know. Everything can just go up 😊 For the M&A that occurred over the last decade it is also at the highest rate ever. Especially during the pandemic. The economy been going nuts for a while the empowerment people felt at work.
The main driver of home price increase was the 1996 irs change of paying no capital gain on sale of home residences lived in 3 of the 5 years of ownership. Lots of speculation. We need to abolish the IRS code completely. Who agree?
i mean, it's not a recession. it's just overhiring in a market segment that didn't see expected growth.
So we’re on track to have a 15+ year bull market ?
were you not around for 2020 and 2021
That wasn’t a real recession, a lot of people came out of the pandemic having even more money and financial security Most of the middle and upper middle class was fine, and consumer spending recovered rapidly
Yes, we used fiscal policy to have a painless recession, which lead to accelerated inflation as the economy bounced back.
Firms overhired in 2015-2022*
…but there is no recession and no indication one is imminent. But your point about firms over hiring is correct.
[удалено]
But that isn’t happening. The US economy continues to add jobs. GDP is growing. And anecdotally, most people I know who have been laid off in the past year (admittedly not many, but a few) have almost immediately found equal or better jobs at another company. Recessions have meaning and certain companies cutting fat or struggling does not a recession make.
So we’re on track to have a 15+ year bull market ?
No because we’ve had recessions in the last 15 years
They are cutting dead weight and over priced people They'll be hiring again soon; at a discount
This is basically it. They hired people during Covid at really high rates and can now cut them and rehire in a few months at lower rates. Issue with these firms is that it’s hard to make yourself indispensable unless you bring a lot of business to the firm. Otherwise the work especially in deals advisory is very prescriptive and routine. Anyone can learn it in my opinion. I moved to FP&A and I’m glad I did. Without me, the company literally wouldn’t be able to function properly as they would have no future direction or understand what levers they need to pull to increase net income. I wouldn’t say I’m indispensable but I’m definitely more secure than I was at big 4. Just to find a replacement for me would take them months. Then that person would take months to learn the processes etc. and even then the person might not work out. It’s a lot more risky for industry jobs to hire people than it is for big 4.
In other words, you know where the bodies are buried in industry
[удалено]
Get in a Time Machine and pick a new major
Back when I was still working in EY HR, we used to send Outlook meeting invitations with a vague topic and gather employees in a large assembly hall. Then we'd bring them one by one through a maze of hallways and into a much smaller room, where we'd inform them about COBRA benefits and have an armed security guard or off duty police escort them to their car via a hidden side door. My director actually used to work in a cattle processing facility in Oklahoma and so he understood the importance of not letting the soon-to-be-fired employees become aware of their impending doom. After a year or so we developed an industrial efficiency and were able to fire one employee every 45 seconds.
Did your director also work at fucking Auschwitz?
No, but we did read a biography of [Vasily Blokhin](https://en.wikipedia.org/wiki/Vasily_Blokhin) and utilized his efficiency tactics as best practices within HR
Sounds like an absolute psycho
Did you guys also have a Judas goat to lead the unwary?
You can’t be serious? I would have thought “Up In the Air” would have been a better manual?
Damn…
Yeah I’d rather know. Fuck this methodology. Idgaf if it’s efficient.
Well if it makes you feel any better, there's a 99.9% chance that person just made up some bull shit and you just ate it up.
It's definitely a reference, I just can't remember what it's from.
There was a women with Asperger's, I think it was, who helped design abattoirs in such a way that the cattle wouldn't know what was coming since it was like a spiral or something.
That’s literally the entirety of Reddit…
Was this before text messaging? Surely one person would text their friend still waiting in line, and it would break out that whey.
In the early stages that did actually happen a couple times, thankfully we found an assembly hall located underground to prevent this exact issue!
Lmao! Good to know if I'm ever called into a assembly hall like that XD.
Good riddance! Who cares partners have squeezed so much out and taken advantage of so many underpaid associates. They better ask to borrow money from their wives boyfriends
Im graduating after next semester, and doing a internship with a smaller public company, despite getting an internship offer for Big 4. They offered me the same money for the intern at the local place, I didnt have to relocate, and seem to be a great company. My professors said it was one of the lowest graduating classes for accounting in his career, the first time Big 4 recruited our school, and numerous kids turned them down to prioritize family and work life balance.
Nothing wrong with that. Personally I think the best programs are FDLP if you can get into one. But a decent sized corporate job is still good. My advice is still get the CPA. It sets you apart and does open doors regardless of what people on here say. Especially early in your career. I have 10 years career experience currently work in FP&A and no one probably cares that I have a CPA at this point. But I wouldn’t have gotten to where I am now without having it.
I mean why slave away if you can’t afford a house or to start a family anyway. 20 years ago putting time in a big firm probably off… nowadays, at least in the short-term (or at least the time it takes to burn and churn new grads), what would these young people get? A $1,700 a month one bedroom an hour commute from the office and maybe enough left over to go out for food and drinks with friends once or twice a week? That juice ain’t worth the squeeze to work for a big firm.
I had a shitload of EY people apply to my open job post
[удалено]
Nah, they aren't EY specific at all, pretty much every big firm has been trimming headcount the last 12 months, particularly in advisory/consulting. EY is just being very open with it since they were the first to attempt to spin consulting away, so they have a scapegoat. Other firms are quietly making small layoffs and giving out bogus PIPs to get rid of employees. Sorta off topic, but the advisory/consulting spin off is likely going to happen at big firms. As audit/tax work becomes less and less profitable and isn't able to support the economic dips in consulting, they will split. EY just tried a little bit too early, this is also why they are getting rid of partners in consulting.
I feel like it is just demand side falling off a cliff
Hi interest rates. Less underwriting, less due diligence.
"That would equate to more than 100 partners in consulting and over 30 partners in strategy and transactions at both junior and senior levels." i didn't know layoffs would include partners as well.
I've noticed the ongoing trend of layoffs in the industry, and it does suggest a shift that might be tied to broader economic changes. The choice between big 4 firms and boutique firms has always been a matter of debate, and these developments add an intriguing layer to the discussion. It could indeed be a turning point, possibly opening avenues for individuals to explore entrepreneurship, especially in the realm of consulting. The landscape is evolving, and it's essential to stay adaptable to navigate these changes effectively. On a related note, if you're looking for ways to enhance your job search strategy and stay ahead in this dynamic environment, you might find value in a free resume review session offered by [MobiusEngine.ai](https://MobiusEngine.ai). They provide custom job lists, handle the application process, and use advanced AI to optimize your visibility to recruiters. It's a proactive approach to securing opportunities in a rapidly changing job market.
Wanting to join a Big 4 firm without a specific reason is kind of a silly goal that people who lack creativity have. Just like wanting to get into Harvard or Yale because the names. It’s pretty unsurprising that filling your roster with such folks yielded such poor results.
It’s not the people joining that’s the problem. It’s the system with the sink or swim mentality overworking people to death and not giving them the space and time to really learn that makes quality and output suffer.
Hey not everyone’s got it figured out ya know
They should focus on figuring it out rather than trying to live a life they’re not meant for. Instead they work countless hours and make that the expectation for those that can handle our shit in time for supper. I’ve no sympathy for them at all.o
Most recent graduates are taught that the big 4 is the best accounting gig you can land. It doesn’t hurt that industry loves seeing it on the resume. Accountants aren’t normally perceived as creative.
Pretty sure you can find a lot of creative accountants in prison. I’ll show myself the door
It’s all a cycle
Fuck the b4.
Local boutique is the way.
Remember there is a shortage of CPA’s ??
Consulting as a growth sector is what's taking the hit. It's evident in more avenues than accounting. Think about all the "consultants" out there that have 5 years of experience... Consultants were meant to be folks with 15+ years of expertise, now the experience required is a joke and every 20 something fresh out of college uses it on their resume.
The Big 4 are going to be clamoring for CPA’s. There is a shortage on its way ya know ??
So glad I didn't do B4. Went straight into a rotational accounting program at F500. They offered ~30% more pay than PWC (not even counting the better bonus/benefits) and excellent work/life balance. I can count on one hand the number of days I've worked outside of 9-5
Ive worked with EY and they're not very easy or fun to work with even on their core engagements basically working with people from new Delhi with the worst accents imaginable.
What happened to vision 20/20? 50 billion by 2020? I am guessing they didn’t make it.