Skip to main content

public to private

Been a couple months,sorry for the delay.On to the questions...




I currently work for the a department of the US Government doing some auditing and analyzing of government-sponsored and government-assisted programs. I will be completing my master's degree in accounting next spring and have begun all of the big 4 interviews this fall. My question is, how common or "normal" is it for people to move from the public secotr to the private sector, or vice versa? I have been told that it would be a good idea to stick with the federal job for a few years and then attempt to move to a big firm, but not to stay for too long because I wouldn't want to get "stuck" working for the government due to its percieved laziness. And on the other hand, I have been told that it would make no sense to work in the private sector and then return to the government stuff later...Anyways, I am currently more in favor of taking an associate audit position at the big 4 if I was to be offered though I am still having feelings of uncertainty.


Most people from auditing firms go to the private sector once they've been through the painful training ground that is public accounting. I'd go as far as saying 80% of alumni head to the private sector after. KPMG has a chokehold on the US government and related agencies, so it'll be a great place to join if you see yourself joining the government later on. It's very rare that people come in from private to public, and if you do, you have  to  start at the bottom unfortunately. So I'd definitely recommend doing a 3-4 year stint in the big 4 if you're in your 20s.



Comments

Popular posts from this blog

ADP/Payroll

Just realized that the very payroll/adp reports we all enjoyed looking at in order to see how much our client contacts made, now seem to piss me off. Especially when your main contact, who couldn't tell a debit from a credit, makes significantly more than you, and leaves at 5. It's almost guaranteed to get you in a foul mood and yak with your team about the ridiculous salaries that certain employees get when compared to yours.

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 ...

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 ...