Domain: tiger-web1.srvr.media3.us LSUCIA program questions | Page 10 | Money Talk
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re: LSUCIA program questions

Posted on 2/9/12 at 12:59 am to
Posted by reb13
Member since May 2010
10905 posts
Posted on 2/9/12 at 12:59 am to
Thanks for the insight
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 2/9/12 at 1:03 am to
One of the guys that started with us just quit (they had to hire 3 people. everyone else experienced, this guy fresh out of undergrad) and this was easily one of the hardest days I've ever had. I had a meeting at 9, a meeting at 11, which didn't start till 12 (because of the previous meeting), and then a meeting 2, before which I had to finish stuff assigned to me at the morning meeting. Bricks I was shitting. Nothing I planned to get done got done before I walked in got done. I intend to bust arse to not work on the weeekend, because I enjoy sanity. HOWEVEA (Stephen A Smith voice), we got to leave at 5 for a "team get together" which happens once a month, which would be about 4 hours before I usually leave, so I am simultaneously grateful and not for that fact. And now I get to think about all the shite I have to do tomorrow by leaving at 5. This is what you have to look forward to college grads (yes you get paid and that is nice). Just make sure you like it, otherwise you'll be mis.
... or ? It waffles.
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 2/9/12 at 7:23 am to
The long hours suck but I imagine that when you're in your 20s that the best thing to do is work and save, pay off whatever debts you have, etc. I know I definitely want to have kids at a reasonable age and that once I have kids I won't be able to work 60 hour weeks. So in the meantime I'm okay with the long weeks.

At one of our presentations a woman from a B4 firm said she has 2 young children and that the firm was flexible with her and lets her work part time. In the accounting and auditing world, is working part time as a mom completely out of the question, as in do they either want you to work 60 hour weeks or just don't work at all?
This post was edited on 2/9/12 at 7:25 am
Posted by MStant1
Houston, TX
Member since Sep 2010
4553 posts
Posted on 2/9/12 at 9:32 am to
quote:


The long hours suck but I imagine that when you're in your 20s that the best thing to do is work and save, pay off whatever debts you have, etc. I know I definitely want to have kids at a reasonable age and that once I have kids I won't be able to work 60 hour weeks. So in the meantime I'm okay with the long weeks.


Save? What's this word you speak?

Ohh it's what people who don't live in NYC do with their money. Gotcha.


quote:

At one of our presentations a woman from a B4 firm said she has 2 young children and that the firm was flexible with her and lets her work part time. In the accounting and auditing world, is working part time as a mom completely out of the question, as in do they either want you to work 60 hour weeks or just don't work at all?



I wouldn't expect to ever be allowed to work "part time". I will say the Big 4 does a decent job of being flexible and allowing "flex time", but I have never heard of anyone working part time.

Truth is from my observation most women I see in the Big 4 above the manager level are either divorced, single or married with no kids to a spouse who works as much as they do. I don't see a lot of family oriented women in the Big 4 above a certain level.

That said this may be a NYC issue more than a big 4 issue. There may be more family oriented women in the big 4 who are manager and above in the southern offices.
Posted by RemouladeSawce
Uranus
Member since Sep 2008
17453 posts
Posted on 2/9/12 at 11:17 am to
quote:

Is this a nice way of saying you didn't think I was this much of a loser??
I didn't say that.
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 2/9/12 at 12:04 pm to
I always expected NYC career women to care more about their careers more than home lives. And then they start to get the "biological clock itch" in their late 30s & resort to sperm donors .

It could also be a cultural difference of Northern vs. Southern women as well. The mom at the presentation worked for PwC in Texas.

I'm only 21 and I don't plan to have kids for a while, but at the same time it's very likely I'll be a mom in the next 8-10 years and I don't see that as being unrealistic or unfair. It could also be a reason why the B4 has such a huge turnover with women. It does make sense that they'd stick around for 4-6 years but once they start to have a family I wouldn't want to work 60 hour weeks, especially with young children. That's probably why a lot of those women leave the B4 and work in privately-owned practices where they can dictate their hours better.
This post was edited on 2/9/12 at 12:05 pm
Posted by MStant1
Houston, TX
Member since Sep 2010
4553 posts
Posted on 2/9/12 at 12:15 pm to
My main point was to take the whole sales pitch with a grain of salt. They purposely use the best and shining examples to demonstrate their flexibility. Just because something exists doesn't mean it's the norm.

Like I said though the big 4 as a whole is pretty decent at flexibility. I wouldn't base my decision on where to work on which is best for having kids unless you plan to have them soon.

The chances of you still working for the big4 after 5 years (much less 8-10) is very small. Choose the one that best meets your immediate goals for the next 3-5 years. Based on pure statistics you will have already left the firm for another job after just 2-3 years.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 2/9/12 at 12:25 pm to
This man speaks the truth. You'll drive yourself crazy if you're gameplanning to that kind of detail a decade out, life changes so much so fast sometimes. B4 has huge turnover with every one, male and female. Its not cause people want to have kids, its because they overwork you and underpay you because they can.
Posted by MStant1
Houston, TX
Member since Sep 2010
4553 posts
Posted on 2/9/12 at 12:51 pm to
I feel like Debbie Downer over here for these poor college kids.


It's true though. I started EY in September 2008. Since then (and including the class that started in October 2008) about 60% of my starting class has left the firm for other jobs. If you count only my September 2008 class nearly 80% have left the firm for other jobs. This was also in a crap economy. Puts in perspective that I am a rare breed to still be at EY after only almost 3.5 years.

It's not so much that working here is awful as it is hard not to be enticed by a 20-30+% pay bump by other job offers and head hunters.

Me personally I already drank the EY kool-aid. So I guess I'm here for awhile.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 2/9/12 at 1:01 pm to
I personally think its good to try and help kids set expectations. Its not like we're a bunch of 35 year old managers, we're all pretty green still and obviously have no reason to lie. Reality is reality. eta: I must admit I am being incredibly unproductive today because two MDs are out of the office and I know the work doesn't have to get done until Monday. I'm basically trading away a few hours on Saturday though. FML.
This post was edited on 2/9/12 at 1:03 pm
Posted by Gekko
Costa Rica
Member since Nov 2010
2550 posts
Posted on 2/9/12 at 2:04 pm to
One of the key mentions in EY's recruiting process is that they have been named to the working mothers top ten, or something to that effect, for X amount of years running.

Sorry, but I kind of zoned that out...Doens't really fit my profile, but it sounds like it would work for you
Posted by Tigerbait46
Member since Dec 2005
8060 posts
Posted on 2/9/12 at 2:37 pm to
quote:

I will say this, especially if your intention is to jump to something different: you get out what you put in. Even if you don't like what you do, if you go at it half assed you're either going to get let go when shite inevitably cycles or when you go interview somewhere else they are going to know you DGAF when they interview and ask you what you did.


Absolutely. I may not be in my ideal working situation right now, but that's not going to stop me from working like I want to make partner. excelling in this experience can only help when/if I make a move, even if it's to something completely unrelated.
Posted by Tigerbait46
Member since Dec 2005
8060 posts
Posted on 2/9/12 at 2:46 pm to
quote:

I think you will soon discover after a few more years in the BIG 4 that advisory doesn't really work less hours than Audit.


I know that I'll have a more accurate read on this a few years down the road, but thus far, it's not even close. My buddies who are also first years working either Adv or Audit in various firms/locations seem to share the same observation. Specifically at my office, those above me seem to agree as well. It could just be an office to office variance.

And I've come to know the unpredictable Advisory hours quite well as I've worked 35 hour weeks and 75 hour weeks. All in all, I can't complain about the hours.
Posted by reb13
Member since May 2010
10905 posts
Posted on 2/9/12 at 2:51 pm to
FedEx came into my intermediate class to talk about their IA internship today, they were trying to dispel the thoughts that IA was just bean counters and the audit police. They also were trying to get people to apply because there is "a lot" of international travel available. It was a :CSB:
Posted by Tigerbait46
Member since Dec 2005
8060 posts
Posted on 2/9/12 at 2:54 pm to
Oh and mstant, I'm almost certain that we briefly met 1-2 yrs back when I was interviewing for full-time jobs

Posted by Tigerbait46
Member since Dec 2005
8060 posts
Posted on 2/9/12 at 2:56 pm to
quote:

FedEx came into my intermediate class to talk about their IA internship today, they were trying to dispel the thoughts that IA was just bean counters and the audit police.


I know the girl who interned there 2 summers ago in IA. I think she enjoyed it and traveled a decent bit--just not internationally.
Posted by MStant1
Houston, TX
Member since Sep 2010
4553 posts
Posted on 2/9/12 at 2:59 pm to
quote:

Oh and mstant, I'm almost certain that we briefly met 1-2 yrs back when I was interviewing for full-time jobs


Geez, does everyone in this thread know me IRL?

Did you interview in NY for a job? I haven't done any campus recruiting since I joined the firm.

My name is basically my username. If you google it you'll probably be able to pull up my linkedin profile.
Posted by reb13
Member since May 2010
10905 posts
Posted on 2/9/12 at 3:27 pm to
quote:

I know the girl who interned there 2 summers ago in IA. I think she enjoyed it and traveled a decent bit--just not internationally.


I am going to apply and see what happens. They have a "preferred" gpa of 3.25 which will probably cut me out anyways (I have a 3.15). But I have a diverse academic background (minor in chemistry) so we will see.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 2/9/12 at 4:02 pm to
Wait, do some of you guys do campus recruiting?

I may need to go back and edit.
Posted by Tigerbait46
Member since Dec 2005
8060 posts
Posted on 2/9/12 at 4:05 pm to
quote:

Geez, does everyone in this thread know me IRL?

Did you interview in NY for a job? I haven't done any campus recruiting since I joined the firm.


hmm might have been someone else who has an identical background as you. It was an on-campus interview for the ATL office. Prior to the interview I was chatting with an EY NYC guy ( LSUCIA alum) who I believe does what you do.
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