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re: Big 4 recruiting

Posted on 9/22/11 at 12:35 pm to
Posted by Spock
Baton Rouge, Louisiana
Member since Mar 2010
1176 posts
Posted on 9/22/11 at 12:35 pm to
Has anyone heard back from any of the other big 4 yet?
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 2:54 pm to
Got an email from PWC, but nothing yet on C2G. Didn't apply at KPMG (not heavily attracted to them).
Posted by Spock
Baton Rouge, Louisiana
Member since Mar 2010
1176 posts
Posted on 9/22/11 at 2:58 pm to
Yea, I just got an email from PwC also, they apparently don't have any positions available where I want. Also, I got interviews with KPMG and Deloitte. If you don't mind me asking; why the disinterest in KPMG?
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 3:06 pm to
I just see them as the bottom of the four (which isn't terrible). I feel that it is

1) EY, Deloitte, PwC
4) KPMG

I think the top three are very interchangable. I just feel that KPMG doesn't look after their employees the same way. Disclaimer: I have never worked there, just met some people. Some of my friends came back from internships there where they got an offer and declined. You don't see that very often with the other three.

I really feel that I connect with the EY people the best out of the big four. But what do I know?

PwC hasn't rejected me yet (fingers crossed).

So far I've only got Exxon, EY, and Grant Thornton.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/22/11 at 3:11 pm to
Sounds like a pretty good grab with those 3 already.
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 3:13 pm to
Thank you, sir.

Now let's see what I can do with the rock...
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/22/11 at 3:15 pm to
Honey Badger, be it.

Just dominate like Tyrann. Hard work pays off.
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 3:19 pm to
I'm going to try...I want this EY position very bad. Hopefully I can connect with the interviewers through some channel....
This post was edited on 9/22/11 at 3:20 pm
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 9/22/11 at 3:26 pm to
quote:

I just see them as the bottom of the four (which isn't terrible). I feel that it is

1) EY, Deloitte, PwC
4) KPMG


Just so you know, it is more like:

1) Deloitte and PwC
2) KPMG and EY

PwC is the most respected auditor in the industry; Deloitte never divested its consulting arm so it is at the top in that area. KPMG and EY are quickly growing their Advisory practices now. PwC is in-between the other 3 for its Advisory practice.

Much of your impressions are going to be on an office by office basis. The culture within offices varies tremendously among cities.

Nonetheless, if you make your decision off the perception of who is ranked ahead of another and you cannot find a better reason to convince yourself of a decision...then you probably shouldn't have gotten offers in the first place.

Revenues are considered the real measuring stick:
Deloitte and PwC: ~$26.5bn
EY and KPMG: ~$21bn
This post was edited on 9/22/11 at 3:31 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/22/11 at 3:30 pm to
Tax you said?
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 3:32 pm to
My methodology is not based on Revenues solely. I am going off of the environments that I have been exposed to. I am sure that you could ask 10 different people what their top 4 is and you would get 10 different answers.


I am going for advisory (EY)
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 9/22/11 at 3:36 pm to
quote:

My methodology is not based on Revenues solely. I am going off of the environments that I have been exposed to. I am sure that you could ask 10 different people what their top 4 is and you would get 10 different answers.


That's a great way of measuring firms when you are trying to decide where to join. I agree with that approach.

However, the generalizations I posted above are how the market views the B4 as a whole, not on an individual city basis.

What advisory practice are you considering at EY?
This post was edited on 9/22/11 at 3:38 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/22/11 at 3:41 pm to
PwC seems to put out the best advisory publications. They fill up my inbox weekly. Deloitte right behind them, but PwC is my crutch.
Posted by Gekko
Costa Rica
Member since Nov 2010
2546 posts
Posted on 9/22/11 at 3:43 pm to
Really all of the verticals in Advisory are attractive to me. Risk is the most specific one that I feel that I can relate to. I am also interested in Valuation.

Are you in the business?
This post was edited on 9/22/11 at 3:48 pm
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 9/22/11 at 5:18 pm to
quote:

PwC seems to put out the best advisory publications. They fill up my inbox weekly. Deloitte right behind them, but PwC is my crutch.



Are you reading O&G white papers or just in general?
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 9/22/11 at 5:19 pm to
quote:

Really all of the verticals in Advisory are attractive to me. Risk is the most specific one that I feel that I can relate to. I am also interested in Valuation.

Are you in the business?


Yes.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/22/11 at 5:28 pm to
From PwC and Deloitte I read:

CFO Direct: Weekly update with accounting news and links to a bunch of stuff they've published that week. Also includes Quarterly Updates, DataLine, Flashline, etc. Its a data dump. Also get specific industry info on a quarterly basis for a few industries.
Deloitte: Financial Insights
US/China Merger deals weekly summary
Tax/Regulation updates quarterly
Most of the O&G stuff comes from industry sources - O&G Journal, Energy Intelligence, IHS/Herold's, Offshore Mag,O&G Financial Journal.

On top of all the crap that is in Google Reader.

Posted by MStant1
Houston, TX
Member since Sep 2010
4551 posts
Posted on 9/22/11 at 6:33 pm to
quote:

Really all of the verticals in Advisory are attractive to me. Risk is the most specific one that I feel that I can relate to. I am also interested in Valuation.

Are you in the business?


Are you interviewing for FSO with EY?



I'm in FSO Advisory here in NYC.
This post was edited on 9/22/11 at 6:35 pm
Posted by reb13
Member since May 2010
10905 posts
Posted on 9/22/11 at 6:44 pm to
According to one of my good family friends, deloitte blows KPMG out of the water in advisory. He has worked for AA, EY, KPMG, and now Deloitte. He just said they have so many more resources than KPMG. FWIW.
This post was edited on 9/22/11 at 6:47 pm
Posted by lynxcat
Member since Jan 2008
25013 posts
Posted on 9/22/11 at 7:06 pm to
quote:

According to one of my good family friends, deloitte blows KPMG out of the water in advisory. He has worked for AA, EY, KPMG, and now Deloitte. He just said they have so many more resources than KPMG. FWIW.


It really isn't a fair comparison at this stage in the game. KPMG is just beginning to re-develop its consulting/advisory practice, while Deloitte never divested and is considered one of the Top 5 consultancies in the world.

KPMG has a fairly well developed Risk and Compliance and IT practice though. The strategy side is where Deloitte is a clear winner right now. EY and KPMG are growing substantially, however. Five years from now their Advisory practices will be greatly improved. It is very difficult to acquire resources in the correct areas to begin a practice; however, once the growth opportunities are available, the practice will be able to sell a different opportunity for career growth than the established consultancies.

In short, it is apples and oranges right now. Although, the B4 compete against each other for almost every project that is sent to bid. Literally 95% have all 4.
This post was edited on 9/22/11 at 7:09 pm
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