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1
Posted on 2/8/12 at 11:54 pm to Sherman Klump
Graduated from a top 20 UG business program in the Midwest. I had to check her LinkedIn just now but it looks like she triple majored with one of them being Spanish.
I imagine it is pretty competitive.
Once you are at the B4, you can apply for global rotation if you are top rated. Typically have to work 3-4 years before you are eligible. Thats a side note, but on topic.
I imagine it is pretty competitive.
Once you are at the B4, you can apply for global rotation if you are top rated. Typically have to work 3-4 years before you are eligible. Thats a side note, but on topic.
Posted on 2/8/12 at 11:56 pm to lynxcat
quote:
triple majored with one of them being Spanish.
That sounds miserable.
Posted on 2/8/12 at 11:59 pm to Tigerbait46
quote:
I completely understand the similarities. My most recent work was essentially typical external audit work. It's the difference in hours that makes the decision pretty easy for me to choose between the two. The fact that audit folks feel the need to stick around until 930pm every night during busy season just because that has somehow become the expectation completely baffles me.
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.
True there is no busy season, but that doesn't mean we don't work our fair share of 12+ hour days and weekends. The difference between advisory and audit as far as hours go is that you never really know what your hours will be. I've started a many a day thinking I would leave at 6:00 and didn't leave until 2:00 AM. It also varies by project. Some projects are going to be a beast and it can happen at any point in the year. Some projects are roller coasters (High hours one week; low hours the next).
Long story short don't fool yourself that the hours are much better in advisory.
This post was edited on 2/9/12 at 12:11 am
Posted on 2/8/12 at 11:59 pm to reb13
I'll say this...she has a strong background. 
Posted on 2/9/12 at 12:01 am to lynxcat
quote:
Once you are at the B4, you can apply for global rotation if you are top rated. Typically have to work 3-4 years before you are eligible. Thats a side note, but on topic
Or get lucky like I was when I was a staff 2 and get put on a project in London for 2 months.
Posted on 2/9/12 at 12:02 am to MStant1
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.
True there is no busy season, but that doesn't mean we don't work our fair share of 12+ hour days and weekends. The difference between advisory and audit as far as hours go is that you never really know what your hours will be. I've started a many a day thinking I wold leave at 6:00 and didn't leave until 2:00 AM. It also varies by project. Some projects are going to be a beast and it can happen at any point in the year. Some projects are roller coasters (High hours one week; low hours the next).
Long story short don't fool yourself that the hours are much better in advisory.
Preach on -- I'm glad our lives are not any different even though we are at different firms and in different lines.
I don't have any plans to visit NYC soon, but I'll let you know if I'm ever up there. I'd be down for an IRL meet-up.
Posted on 2/9/12 at 12:03 am to MStant1
quote:
Or get lucky like I was when I was a staff 2 and get put on a project in London for 2 months.
I was close to a 1 month staffing in London...really need to pursue those opportunities harder. I'm strongly considering a Europe rotation.
This post was edited on 2/9/12 at 12:04 am
Posted on 2/9/12 at 12:06 am to lynxcat
quote:
Switzerland
I have convinced myself I will work there before it is all done, along with New York.
Posted on 2/9/12 at 12:10 am to MStant1
MStant1, if you don't mind me asking, what field are you in at EY?
Posted on 2/9/12 at 12:11 am to reb13
quote:
I have convinced myself I will work there before it is all done, along with New York.
It is at the top of my list. It is just SO DAMN EXPENSIVE. If I go, I will be getting 100% Return on Life because I sure as hell won't be saving any money while I am there.
I think there is something special about a culture that is surrounded by the Euro Zone and still tells it "no thanks".
Posted on 2/9/12 at 12:12 am to reb13
quote:
MStant1, if you don't mind me asking, what field are you in at EY?
He is in its special financial vertical. BPO FSO or something like that.
Posted on 2/9/12 at 12:30 am to reb13
quote:
MStant1, if you don't mind me asking, what field are you in at EY?
I'm in the Regulatory Compliance and Anti-Money Laundering (AML) sub service line of Financial Services Risk Management (FSRM) for FSO (Financial Services Office) Advisory. That is the official title of my group.
I work primarily in Anti-Money Laundering compliance. My typical projects consist mainly of helping banks and financial institutions stay out of or get out of trouble with regulators. We also sometimes work as contractors for them as a sort of loan staff model.
Prior to that (as Lynx alluded to) I was in the Business Advisor Program (BAP) which is in the FSO. Essentially the way it works is that from the staff/associate level to the end of your first senior year you are not hired into any specific service line within FSO advisory. Instead you are hired into a semi-rotational or staffing pool type of model.
I say "semi-rotational" as there is no official rotation policy. It is all based on "market need". Essentially in the BAP you could work on a number of different projects such as credit risk, compliance, reg reporting, structured finance, internal audit, PI, etc. Once you finish your senior 1 year you are then supposed to select a service line to move in to. Which is is what I did.
Also FSO is a non-geographical division of EY that serves only financial services clients. It's a little unique amongst the big 4 as typically there isn't a technical segmentation between industries being served. At EY it is very segmented away from the rest of the company.
Tl;dr?
Posted on 2/9/12 at 12:32 am to lynxcat
quote:
I don't have any plans to visit NYC soon, but I'll let you know if I'm ever up there. I'd be down for an IRL meet-up
I'd be down, but if you're here on client dime then the rule is that he with the expense account pays.
Posted on 2/9/12 at 12:34 am to MStant1
Haha I actually think I found you on linkedin, we had a third party connection.
Creepy?
But that sounds really interesting, I really like banking but I know right now that where I am the best way to get somewhere is through accounting and the big 4 and then go from there.
Creepy?
But that sounds really interesting, I really like banking but I know right now that where I am the best way to get somewhere is through accounting and the big 4 and then go from there.
This post was edited on 2/9/12 at 12:35 am
Posted on 2/9/12 at 12:34 am to lynxcat
quote:
Kfiz, I'm looking for a finance/restructuring project to roll onto for a few months (just want to get the experience). I'm thinking something along the lines of business performance improvement, restructuring financials for better operating performance, or maybe distressed business advisory. Any thoughts? I am in the very beginning stages of thinking about what I want to get out of this experience.
Having any idea where you think you want to end up, IMHO, is the most important thing. B4 of any capacity isn't going to anything but benefit you and I'm legit about that mindset. I don't think you can do something in that field without significant experience and probably a pretty well regarded MBA (as I'm sure you know those aren't easily attained jobs) but a B4 job in any capacity is going to help get you there. Do the B4 thing however you can, try and excel at it and while you're there, network and figure out how to get to where you're ultimately trying to get.
I know it sounds cliche, but as long as you're a normal person and you're willing to put in the humanizing factor and not strictly use people, they'll help you out almost 100 percent of the time. I met a guy not 4 months by chance when I moved to Houston through a friend of a friend and other than being Saints fans and being from La this guy has gone completely out of his way to get me a conversation with an IB for a job I would shite bricks for.
quote:
100 hour weeks have to make you age 5 years in 2 -- literally. Not to mention the stress levels.
True, so 60 hr weeks. Then again, ask our resident baller.com what he is potentially getting offered for a job next year. Whatever your highest number is, triple it, and you're probably still low. shite is cray, but again, put in = get out.
Posted on 2/9/12 at 12:41 am to reb13
quote:
Haha I actually think I found you on linkedin, we had a third party connection.
Creepy?
Hah hah. The only reason it isn't creepy is because my username is far from anonymous.
Posted on 2/9/12 at 12:42 am to MStant1
quote:
Tl;dr
Dude this is a CIA thread turned into an account career thread. ACCOUNTING. Everyone in this thread should sweat the details like its their job. Literally.
:ballsohard:
Posted on 2/9/12 at 12:44 am to MStant1
Well I don't know your last name if that makes you feel any better haha. The third connection was my little league coach and partner at ey.
Posted on 2/9/12 at 12:51 am to reb13
quote:
But that sounds really interesting, I really like banking but I know right now that where I am the best way to get somewhere is through accounting and the big 4 and then go from there.
Well ask around to the EY recruitors on campus about the BAP if you're interested. The cities they hire for are NYC, Houston, Charlotte, DC, San Fran, Chicago and Boston.
Keep in mind though that it is rather difficult/unlikely that if you go through the Big 4 that you'll ever be a front office guy. Even in the more highly finance specialities like the structured finance or derivatives valuations groups you probably won't end up with a job as a trader.
Alright my insomnia is finally wearing off. I'm done for the night.
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