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JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: CPA
If you take it, please, please, please, don't act like you know everything when you're auditing a client on site. And please, don't treat the client's accounting staff as if they're always trying to hide something. It makes you look young and stupid.

he's in tax. you'll never have to see his face.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Well its not just about filing out tax returns, they are about 50-50 with consulting. Thats what I like about this group. Its not like corporate tax that basically pumping tax returns is your job. Here, you get to talk to teh assignees one-on-one and give advice. Of course I cant do it right from teh start but starting on senior associate, you start the consulting part.

You'd be surprised how much you'll have to hold back your tongue when you consult (due to risk management). I fucking hated dealing with our PWC tax peeps because they absofuckalutely refused to ever talk straight nor take a damn position. We'd basically pay them $25k only to get the most conservative stance. We were recently acquired, and our parent co's internal tax dept is much more aggressive in their stances (obviously).

I still have another year in college so I can recruit with others this fall. But I think it will be worth it working there.

Tax is tax, I'd take the firm (DT, EY, PWC, NO KPMG) that pays the most money OR with the people you get along most with.
 

amish

Diamond Member
Aug 20, 2004
4,295
6
81
Originally posted by: JS80
Cmon, ticking and tying and footing does not prepare you for corporate accounting. The advantage of having public background is you know what the auditors want when audit time rolls around.

that is the fucking funniest thing i've read yet. your auditors must suck.

Originally posted by: Orsorum
What kind of technology are you referring to?

granted this is not from first hand experience at KPMG, but i've heard that on audits a physical binder is taken to the client. they haven't embraced a paperless workplace and moved on to using an electronic binder.

to the OP. take the job if you liked your experience and listen to what the others are saying. great advice.
 

CPA

Elite Member
Nov 19, 2001
30,322
4
0
Originally posted by: JS80
Originally posted by: CPA
If you take it, please, please, please, don't act like you know everything when you're auditing a client on site. And please, don't treat the client's accounting staff as if they're always trying to hide something. It makes you look young and stupid.

he's in tax. you'll never have to see his face.

not true. KPMG's tax department also handles unclaimed property, though they're okay in my book.
 

Xcobra

Diamond Member
Oct 19, 2004
3,675
423
126
Originally posted by: Svnla
I believe that audit is a good field to go into <if you are good at numbers and detail oriented>. Another good thing about audit is SOX and you can't be outsourced to other third world countries with cheaper labor <rules and regulations>.

If you done well in school, with a positive can do attitute, work well with others, especially able to deal with difficult/demanding clients (the social factor), study for your CPA and get your CIA, CFE certs, then the sky is the limit.

Im in tax but yeah for me it is CPA and probably move out of there after a few years....
 

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
Originally posted by: Xcobra
Originally posted by: JS80
Originally posted by: Xcobra
Originally posted by: Svnla
OP, 53K in SF is kinda low don't you think? Plus like others said already, you are expected to work 60 hrs or more per week.

But if you need experience, then stay with it for a few years, probably get them pay for CPA and move on?

Exactly what I was thinking. Well they offered a hiring bonus (2K)...If this is what the average big firm is paying, is it at least fair (the salary)? I was hoping for maybe high 50s...man i dont know what to do...

dude that is really good salary for staff1 in this environment.

I know but was thinking of maybe seeing what the others had to say...although I like PwC...

It is a great salary for new grads in Southern states here <TX, LA, AR> but I thought in high cost living areas like SF, NYC , ect. the offer would be higher.

OP, do you have other offers? Rember the old saying...$1 may not be much but it is better than $0. If you don't, then take this one and stick with it for a while for experience and name <Big 4 name never hurt> and move on a few years later.

Oh, and make sure you can live with that salary in SF.
 

Xcobra

Diamond Member
Oct 19, 2004
3,675
423
126
Originally posted by: JS80
Well its not just about filing out tax returns, they are about 50-50 with consulting. Thats what I like about this group. Its not like corporate tax that basically pumping tax returns is your job. Here, you get to talk to teh assignees one-on-one and give advice. Of course I cant do it right from teh start but starting on senior associate, you start the consulting part.

You'd be surprised how much you'll have to hold back your tongue when you consult (due to risk management). I fucking hated dealing with our PWC tax peeps because they absofuckalutely refused to ever talk straight nor take a damn position. We'd basically pay them $25k only to get the most conservative stance. We were recently acquired, and our parent co's internal tax dept is much more aggressive in their stances (obviously).

I still have another year in college so I can recruit with others this fall. But I think it will be worth it working there.

Tax is tax, I'd take the firm (DT, EY, PWC, NO KPMG) that pays the most money OR with the people you get along most with.

I didn't think about that...hmmm...
 

Xcobra

Diamond Member
Oct 19, 2004
3,675
423
126
Originally posted by: Svnla
Originally posted by: Xcobra
Originally posted by: JS80
Originally posted by: Xcobra
Originally posted by: Svnla
OP, 53K in SF is kinda low don't you think? Plus like others said already, you are expected to work 60 hrs or more per week.

But if you need experience, then stay with it for a few years, probably get them pay for CPA and move on?

Exactly what I was thinking. Well they offered a hiring bonus (2K)...If this is what the average big firm is paying, is it at least fair (the salary)? I was hoping for maybe high 50s...man i dont know what to do...

dude that is really good salary for staff1 in this environment.

I know but was thinking of maybe seeing what the others had to say...although I like PwC...

It is a great salary for new grads in Southern states here <TX, LA, AR> but I thought in high cost living areas like SF, NYC , ect. the offer would be higher.

OP, do you have other offers? Rember the old saying...$1 may not be much but it is better than $0. If you don't, then take this one and stick with it for a while for experience and name <Big 4 name never hurt> and move on a few years later.

Oh, and make sure you can live with that salary in SF.

Yes, definitely! I think my best bet (in terms of living cost) is to live out of the city and use public transportation (BART) to get there. This is what I did and saved me some money compared to either living there or driving. I might stay at my dad's for a year or so. Cheaper rent....lol
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: JS80
I still have another year in college so I can recruit with others this fall. But I think it will be worth it working there.

Tax is tax, I'd take the firm (DT, EY, PWC, NO KPMG) that pays the most money OR with the people you get along most with.

Why not KPMG?
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: amish
Originally posted by: Orsorum
What kind of technology are you referring to?

granted this is not from first hand experience at KPMG, but i've heard that on audits a physical binder is taken to the client. they haven't embraced a paperless workplace and moved on to using an electronic binder.

to the OP. take the job if you liked your experience and listen to what the others are saying. great advice.

I wouldn't know about that aspect of it, I'm not on the audit side. Different firms embrace technology at different paces so it wouldn't surprise me if there's a differential.
 

RichieZ

Diamond Member
Jun 1, 2000
6,551
40
91
thats a little low starting salary, but i guess you have to take the current environment into perspective.

I was formerly in consulting at DT and I've heard they've been letting a lot of Audit/Tax/AERS/consulting staff go.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Does that 15 day number include all PTO or just vacation time? If that's inclusive of sick time, other general "personal" time, I'd balk. Those of us in the game put in our hours but that should come with good personal time.
 

Xcobra

Diamond Member
Oct 19, 2004
3,675
423
126
No, it is not Orsorum. They are giving me 10 paid holidays. Sick time is also separately. Not sure how much exactly.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: Xcobra
No, it is not Orsorum. They are giving me 10 paid holidays. Sick time is also separately. Not sure how much exactly.

Good. Was going to say, PwC should be more competitive than that.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: Capt Caveman
Originally posted by: SSSnail
If you don't make partners in 2 years, be prepared to move.

:laugh: After two years? :laugh:

Oh, absolutely. If you're not making $300k/year by senior associate you're underpaid.
 

Eos

Diamond Member
Jun 14, 2000
3,463
17
81
Originally posted by: Orsorum
Originally posted by: Capt Caveman
Originally posted by: SSSnail
If you don't make partners in 2 years, be prepared to move.

:laugh: After two years? :laugh:

Oh, absolutely. If you're not making $300k/year by senior associate you're underpaid.

What in the hell does someone do to earn that salary? What is a senior associate?
 

onlyCOpunk

Platinum Member
May 25, 2003
2,532
1
0
Dude you got stiffed for salary. Big 4's pay graduates here somewhere close to 70k a year.
 

JS80

Lifer
Oct 24, 2005
26,271
7
81
Originally posted by: onlyCOpunk
Dude you got stiffed for salary. Big 4's pay graduates here somewhere close to 70k a year.

You have very bad info. In 2004 Big 4 starting pay was $41k, then by 2007 went to $50k. No way in hell it's $70k.

Originally posted by: Orsorum
Originally posted by: JS80
I still have another year in college so I can recruit with others this fall. But I think it will be worth it working there.

Tax is tax, I'd take the firm (DT, EY, PWC, NO KPMG) that pays the most money OR with the people you get along most with.

Why not KPMG?

Mostly the fact that they aren't paperless (or rather weren't paperless when I was recruited, which showed tone at management was that they didn't embrace technology) and secondly all of the KPMG people I've met weren't that bright. In general they have the worst reputation out of the big 4.
 

Orsorum

Lifer
Dec 26, 2001
27,631
5
81
Originally posted by: eos
Originally posted by: Orsorum
Originally posted by: Capt Caveman
Originally posted by: SSSnail
If you don't make partners in 2 years, be prepared to move.

:laugh: After two years? :laugh:

Oh, absolutely. If you're not making $300k/year by senior associate you're underpaid.

What in the hell does someone do to earn that salary? What is a senior associate?

Associate after two or three years, start taking on more project management responsibilities and client interaction. Salary highly depends on the firm, location, prior experience, and performance ratings. I'd say anywhere from upper $50s to upper $70s.

Typical path for big 4: two years as an associate, two to three years as a senior associate, three years as a manager, three or so years as a sr. manager, x years as a director, and eternity as a partner.

In reality I don't know many partners that stayed with one firm their whole career so that time line can get stretched out a lot once people start switching companies.

 

rh71

No Lifer
Aug 28, 2001
52,844
1,049
126
take it - good starting point - don't plan to stay your career there... maybe not even half.
 

Reel

Diamond Member
Jul 14, 2001
4,484
0
76
$53k sounds about right. I know in Advisory they were starting out in Atlanta at $55k a couple years ago and Advisory was generally paid higher than Tax/Audit. If you push them, you can usually get them to up the signing bonus a little bit.

Sick days at PwC are on an as needed basis. You can take as much as you need but since it affects your work performance and your partner's bottom line, they will notice and inquire. Do not expect it to go unnoticed so don't abuse it. Take it when you are really sick and don't worry.

Schedule vacation plenty in advance.

Have a good time (within the bounds of a professional atmosphere) at all of your trainings and orientations. Make friends throughout the firm. Add them to your SameTime list and keep in touch. The more people that know you and know what you do, the better you will do in your career.

Good luck.