Skip to main content

tension in the air

So this is what it feels like post-layoffs at the office? Rumors were flying around before you turned around. People were checking schedules to figure out names that no longer existed. One thing about these firms, they might take time to schedule people on client or fix scheduling conflicts, but when people are no longer with the firm, they remove their names from the system faster than Vin Diesel can hit the 60 mark using those fast & furious cars. But everybody's on high alert. HR's trying to feel the current vibe. People keep checking their email frequently, worried that they might get that dreaded email from HR. The staff associates are keeping the grapevine strong by wringing new information from all over the area. Wait, we have to please our firms now? Not the other way round? Big 4 culture gone wild. The associates suddenly start to become much more receptive to requests from seniors and above. Senior associates become more responsive to managers. Most people aren't exempt. We're all suddenly concerned for our jobs. Is it healthy for the firm? I guess productivity is higher, at least for now. But people will probably look out for themselves more, and it could lead to team divisiveness. People will want to own up to mistakes less and make certain that the higher ups know when they've done something good, kinda like a recent episode of The Office.

Big 4 culture gone wild.

Comments

Anonymous said…
If you were laid off, would you try to jump ship to another big 4? If so mind sharing your reasons why?

-Looking at career paths
krupo said…
Some might, most would go into industry though - to experience something different.

Popular posts from this blog

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run?

Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit.
In the long run though, choosing audit vs consulting really depends on what you want t…

should you choose to audit financial services?

I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years?
Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard …

Should I leave after 2 years as senior?

I'm currently working in KPMG Philippines, will about to start my fourth busy season and it'll be my second year as a supervisor/senior. I would like to know if it'll be a good idea to go work for a private company by this time. My only concern is that work outside audit may not be as enjoyable for me. However, I am starting to get tired of too much workload. 

At this point, stay until you get a year as manager under your belt and then leave. You could leave now and start as a senior accountant somewhere only if it's not a regular operational job where you'll do the same thing every time. Over the next few years, you'll pick up a lot of soft skills and technical skills that will be critical to your growth. If your only goal is a 9-5 workday and the money isn't all that important to you, then leave now, but if you can tolerate the workload for 3 more years, stay. It'll benefit you a lot long term.