Audit exit opportunities reddit

Dont think tax has many exit opportunities. audit opportunities are very similar. What are the audit exit opportunities at different levels? Staff, senior, manager, senior manager in audit. Risk Advisory exit opportunities. The only caveat is the exit opportunities are not crazy different if you decide to make a move within 1-2 years of your career. And, you will always be the bitch of tax attorneys (who are the big-dogs in tax world). I've got this job offer from a big australian bank, and it's for around $150K. But I'm having second thoughts about taking the job because I feel like going into industry in internal audit Post Big 4 Audit Exit Opportunities. Just so you’re aware, there’s a massive housing crisis in and If you're going to make manager, then most definitely you need to make sure your Audit Industry Group is the field that you want to move into when you leave. You can specialize as an internal auditor in a field, while preparing for certifications or qualifications in the field you want to move into. The vast majority of ppl do audit simply to get their cpa hours and because it is great for your cv (employers often prefer someone who’s been through the demanding rigorous tedious audit work) Very rarely does anybody actually like audit. However, you'll have to make some extra effort to find jobs in areas other than IA. ceminh. Accounting Subreddit for Filipinos Students, Reviewees and CPA professionals are welcome here. If you make manager at a big 4 firm and do that for a year, typically you're going to be looking at an exit option that pays you around $120k/year in a major metropolitan area. Pashare naman best exit opportunities after audit big 4, no plan mag take ng cpale. Audit will usually have more financial related roles like you mentioned while tax usually will usually lead to more industry tax related roles like in-house at a company. I am currently just about to finish an internship at a T20 midsize firm and am wondering what the exit opportunities would look like after working in IT audit for 1-3 years. Not to say you can’t get there with tax, but you will make it easier on How do the consulting opportunities differentiate between Big 4 Audit and consulting? Thinking about transferring into consulting but audit but wondering where most consultants land after 3-5 years of experience. Or FP&A (financial planning & analysis). Saying you immediately want to jump to anything at higher pay seems misguided. If you don’t want to do a full career in internal audit, it can nonetheless help you prepare for your next career step. Usually more internal audit You can do anything with Big 4 experience. It all depends which group you're in. In a decent sized market. Yes to all 3, in general, on average. For the Big 4 FDD associates and seniors people that I still keep in contact with, their exits are usually to financial analyst or financial controller positions or to study abroad. NOTsupertired. I would like to enter a financial analyst role at a company (since my degree is in finance), but don't know if its possible or not. A recruiter can probably help you word smith your resume to make it fit to w/e kind of position you are looking for. Been doing an internal audit consultant gig for 2 years and am looking to exit. View community ranking In the Top 1% of largest communities on Reddit [Jobs] Exit opportunities of auditors ADMIN MOD. Although tbh if you’re looking to exit to tech roles, I would not . So I think it comes down to what you value - work life balance and stability or money and opportunity. For big 4 you’d just have to decide between Financial Services assurance or General assurance. Hello everyone, I just joined a big 4 this past July doing IT Audit and hate the job. If you want to leverage accounting into a somewhat related role then you could do law school, law enforcement (FBI, CIA, etc), education (especially Never tell this board you don't have your CPA, You can easily find a senior accountant role without the CPA. Options are usually either industry, government, or public accounting/consulting. Skipping staff would be stupid. X61116X. 5 years - since I graduated college. Also a lot of Public Sector companies hire the Big4 to do auditing. I am willing to make a lateral move, salary wise into a FP&A or Would really appreciate your advice on what are the possible exit options for second year audit associate (1 yr ++ exp) in the finance field? You should have no issue getting a financial analyst role at a bank/fintech company. 8. I mean, auditing is a good baeline fkr any carrer, it forces you to do a lot of skills that are transferrable to most positions. Ideally, I would like to gravitate to either project management, consulting, or banking (I am not an accounting major, doing a dual degree in finance and MIS). In most bigger markets I’ve heard 4-5 years is the best time to exit. You can also schedule PTO anytime in the year because there’s no specific busy season. B4 will basically edge out on top if you’re looking at enormous blue chip firms like Amazon, Johnson&Johnson, Microsoft, etc. You'll hear often "there aren't as many IT Audit opportunities" as a justification, while technically true, that's only half the story. Was wondering what the exit opportunities are for this. Try to get assignments for SAP and Oracle controls testing. My ex-employer (F200/global F500) has a Im going on my second year as senior audit associate, working on SOC 1 and 2 reports only in a large public accounting firm in New York City. Audit exit opportunities, salary - Wealth and Asset Management. That said, plenty of great opportunities along the way as you get more experience. What are the exit opportunities from Audit? 0 comments. Valuations is more accounting heavy. ago. Internal IT SOX would be another comparable. A community intended to provide a place for users wanting to ask questions, create discussions, post job listings or put themselves out there for hiring, all related to the UK and jobs within the UK. 3. Also- I would stick to your guns, when you tell folks you're going to leave, they will come at you with counters/criticism of your future job/sympathy angles/etc so that you second guess. Stay at least til Senior and you would be quite easily to get a role as finance manager or assistance finance manager in commercial. It could be as a test of the integrity of the system. There is a ton of market demand in general, so no worries about getting 'stuck' down the line until you hit heavy manager. Currently have 2 years experience in audit work. Tax exit opportunities are largely limited to tax positions, which is great if you really like tax. And also, stop using jobstreet to hunt for jobs. So that's after about 6 years experience at a firm. No sane company will eg hire a controller who only has had tax experience. Overall, fewer exit opportunities from risk assurance though. You really just need to identify a position you want to get and look for a company that's willing to hire you based on the skills you have from being an auditor. Then while you're working 40 hours a week, you can easily study and pass the CPA exams. I’m completely burnt out and need a change after this busy season. [deleted] • 2 yr My suggestion is to attempt to try out different things within the firm first. 4. 6. There has been a learning curve but not as bad as you'd perhaps imagine. IA is meant to be a field by itself so Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. 2 years of experience in Big 4 audit post-graduation. When you're a senior, you're still an unproven commodity. Guess tax people can attempt making the switch over to more general accounting out of public. Grab as many varied technical work as you can especially for financial systems and application controls. I think audit has the better exit opportunities outside of accounting because there's a perception that you're really getting a deep understanding of companies rather than filling out tax forms. HF salary is generally higher right off the bat after public but it seems like the salary progression is slower compared to other industries. You may come to regret not having it, however. Am now working as a financial controller at a large company. Reply. Generally AAS will have more exit ops than audit, not the other way around, because the AAS exit ops would be anything that audit could exit to and then some technical roles, IPO roles, and higher level accounting management roles. The problem is that there are way more accounting people than tax people in industry. It'll be a career switch basically, but with big 4 Finance Manager, financial controller, Risk Manager, VP of accounting, Internal Audit manager etc. Its also the case having the knowledge of audit and accounts is good as people who've been trainees in corp tax often have a weirdly abstract view of audit and can't understand what's going on. Generally audit does have better exit opportunities, but if you can get into a tax group that does mainly provisional work there still should be plenty of opportunities although they'll mostly be in tax. Get out of PCS and into a more profitable group. An experienced tax person will ALWAYS be hired for a tax role. Another con is you are paid less than your peers in other groups because pcs clients I have been working in audit during this team and although I don’t hate it like most of my peer, I can’t see myself staying long time e. Award. Internal audit exit opportunities. It doesn't necessarily pidgeon hole you. (4th) I love the technical components of SAP and playing around in the system, but feel like now that I’m more of a reviewer I’ve lost that component Wondering if there are any exit opps for Internal Auditors outside of Internal Audit. MUCH less exit opportunities. If you want to stay in accounting - internal audit, financial reporting, governmental accounting, corporate accounting, or advisory (AAS or FDD). I graduated a few months ago and I just started a tax internship at a public accounting firm that does not do audit. depends on industry. Internal audit is a pretty niche field within accounting. •. Currently an audit manager at a Big 4 considering moving on to a role in industry and hoping to gain some insight on exit opportunities at this level and experiences with work-life balance & flexibility: From my initial search, it appears transitioning to a financial analyst/FP&A role at a F500 involves exiting into a Sr. Add a Comment. It's funny. Been 2 years in big 4, finished my post bachelor in the Netherlands, didnt finish the practical exams, so no AA title. Combine that with putting the job category as accounting and salary to 140k Exit Opps with Big 4 Financial Services Assurance Experience. I think the reality is much different: auditing sucks and knowledge about tax actually has practical uses. Thanks. if In my opinion, both can give you what you outlined. I'm looking for info related to exit opportunities. Accounting graduate (with hons), not really into accounting but stuck with it out of practicality. 9. Better pay bump, but still safe: move to one of the aforementioned roles in an adjacent big4 (they pay poached candidates better than internal) Third option: get the manager bump and then leave. Background: I'm closing out my 1st year as an analyst in a Big4 Risk Advisory role, serving the Financial Services industry. Get a bit of B4 time in and then you'll be in a better position to eyeball this. as far as exit opportunities, if youre worried going into govt audit will limit your hireability by a public firm, keep in mind they also audit municipalities and other entities that are subject to state regulations (probably due to a source of funding). Depends on what you want but M&A has better exit opps- more commercial but still do the ACA so just as good technically. I wouldn’t be running the department. Audit on the other hand has many opportunities to come to the industry side. Doing hella research to find what is best for me, keep hearing the main reason for audit might be a better choice bc of “exit opportunities” which is huge for me because I obviously won’t know if i like the field or not, and want a chance of getting out if needed. People also say on reddit that audit helps better with exit opportunities compare to tax. If you wanna be a CFO I would say leave audit at big4 senior or manager for a corporate finance position like FP&A and then work up with in company(s) to upper management. Exit ops are hard for folks who focus on 1040, 1041, or gift/estate. I even see some CPAs move to underwriting or actuarial roles over time. Tax is better if you like to work out of one location more frequently rather than having to travel to the client site there are more pros/cons but those So I have internal audit experience (2years) I am currently in public accounting in a senior audit or Role. The jobs you talk about are possible but not common exits. I want I would say what is probably the most common exit is to move to a similar position within the industry except you would be responsible for helping your company create IT controls and processes to push efficiency (but really to make your external auditors happy). I don't foresee myself doing audit much longer, so looking for ideas within the accounting world that tap more into the finance side. its always a good idea to get your cpa if you plan on sticking with accounting/audit. Its definitely very doable though. USA. Fresh grad (K-12) trying to sort out what to do next. Since these roles have the most chance of working on data related projects. Exiting Big 4 to an industry company for a tax position would likely land you in some sort of tax analyst/senior tax analyst/tax manager role depending on how many years you did in Big 4. Cons - you will likely work a shitton of hours because their books are shit. Throwaway for obvious reasons. This is just my experience, but I worked in assurance at RSM after graduating. Left big 4 audit for m&a at another big 4. But for most other companies they won’t care. Tax positions in public accounting pay a bit better than audit (not including partners). I was Big 4 Audit and now I am doing policy work for the federal government. Depending on the size of the fund. Typical exit ops are internal audit, staff accountant, senior accountant and financial analyst are pretty much the main exits. Most of my projects are IT Audit work, which is not what I expected/was told during campus recruiting. 2nd year senior leaves to become an internal audit manager at a large private company in town. Sounds like you have healthy work life flow and may not even need these mythical exit opportunities that kids in Big4 dream about for the future, while giving away their personal time for free today. This should be pretty much the same across the various areas of tax: asset mgmt, federal tax, international tax, M&A tax, transfer pricing, SALT, etc. Maybe if you leave after partner to a small company, but audit is accounting and most CFO’s will have accounting and finance experience. I am currently in the big 4 doing external audit and I am planning my exit (1 year post qualifying) I am looking for some ideas where it is less work, more fixed work-life balance (9-5 with rare overtime). still in audit. So I just finished a Real Estate tax internship. We can skip staff cause they have an invested that much time and still have an opportunity to change ccareers entirely. IT Audit and Core audit both have great exit opportunities HOWEVER they are not the same kind of opportunities. Jumped out from audit as Senior 2. • 4 yr. However, audit has the superior exit opportunities. If not, you can always exit earlier but options maybe limited. Feedback is appreciated! For accountant, straight up audit role would be best. I’m sure you could do IA within a company obviously. Werewolfdad. I like the concept of risk management and understand how it adds value, and I’ve enjoyed learning about and Due to the fairly complex bussiness lines in these companies there is all a lot of opportunities for an auditor in insurance to move around to compliance, risk, accounting, reporting, and finance. You will be working twice as much at Big 4 but will presumably get raises every single year and have good exit ops when you want to leave. Most folks were supportive, however if you are a critical member of the team, a 2 week notice is not sufficient. There aren't really "exit opportunities" down chain from that. But again you have to go seek out that information. Other adjacent roles to FP&A where you're using a lot of your finance knowledge and modelling skills would be things in Strategy, Change and Inorganic Growth. Fpa analyst. • 8 yr. So, should i try to switch to audit? Only thing I am concerned about is traveling. I took this job right after my internal audit position. Honestly trying to study for CPALE (Oct), but studying Accounting back in uni has really been a bit traumatic (need to heal Background: BS accounting MAcc CPA 5 years experience in PA, 1 as audit manager L/MCOL - Southeast Local/Regional firm Salary: 80k Bonus: <1k. So, most people go to Big 4 because of the exit options. Salary went from $65 to $95k. Focus on learning the how and why behind transactions and journal entries. I feel CRA experience is not as highly valued by private, with some exceptions. Recently signed a full time offer to work at KPMG as an advisory associate for internal audit and enterprise risk. I did a couple of years in Structured Finance and found that quite enjoyable. That way, you can transition to a Finance role through system implementation, business analysis, or controls work for an ERP or financial system in a few years. The common misconception here is that you are Try to choose the industry that interest you the most. Broaden your skill set within the firm which will make you more marketable outside the firm. Slightly better pay, more vacation days, better work life balance, more fun projects to work on. Hey, so I'm not In terms of exit opportunities, I think what matter the most are brand name, how you market yourself and the skills you picked up along the way. Big4 Advisory/Consulting vs Audit - Exit and Growth Opportunities. But instead of an exit opportunity to an accountant, controller, etc, it would be to an IAM Manager, SOX compliance, etc. Good day redditors. Exit opportunities to corporate include in-house investigation/forensics team or ethics/compliance consultant. Generally speaking, audit will have more exit opportunities than tax. The downside is that it is a niche industry. g manager and definitely not senior manager level. Irrespective of the business unit, you will be well-equipped to read financial information and balance sheets and you will also have an ACA to back that up. It is the worst and I hated doing it. People grind this job for those exact exit opportunities. AccountingIsLyfe. I’ve started looking at exit opportunities and I’ve narrowed it down to Financial Accountant, Financial Analyst or Finance Business Partner Role. 2. If you're interested in such roles, forensics can be a good move for you to corporate. Exit opps: M&A at a bank, private equity/VC, corporate development/FP&A. Yes. Financial audit is typical accounting positions exit opps, like senior accountant, assistant controller, and controller. For Students and Reviewees: Ask questions, post review materials, and share your experiences For CPA professionals: Share your experiences, give advices, ask for help For EVERYONE: Enjoy your stay and welcome to a material world. You don’t want to cross them. I made the same switch for the same reasons. IT Audit is a lot of internal audit, risk and compliance type stuff, and IT security roles I'd imagine. B4 managers with experience can exit to industry for accounting manager or controller for smaller or midsize firms. Still better than audit and tax tho College student with intent of b4 tax/audit. 11. That’s not really how it works. Pro tip- On job search websites search "Big 4 manager" and you will pick up Manager type jobs that are after ex-big 4 people and have that listed in the job description. At EY it’s a minimum of 45 year-round for IT audit. That’s not to say you can’t pivot out, but once you hit manager and if you were only doing 1040’s and trusts that whole time, you’re going to have some difficulty Obvious route is FP&A lackey -> Head of FP&A -> Head of Finance -> CFO. If u like it, continue until u hit senior before exiting and moving to a finance related role, ia, or civil service. our team's financial services tax vs. Otherwise, business return focus and there will be plenty of opportunity. Otherwise, external audit or other advisory services might be safer to offer you wider career choices. M&A only deal with external clients while valuations also have internal clients (audit and advisory). 13. Be happy where you are. Pay increased 30k. What there are is comparable jobs like, as you have found, information security. Been in internal audit at one of the largest banks for 1. 3 comments. Some big 4 advisory roles are well paying and relatively less hours than audit (still more than 40), but can occasionally get busy as well. How true are these statements and just how good are audit's exit opportunities that it justifies a 10k difference in pay, but more its-an-accrual-world. Then you would use all the information that you learned through B4, and actually be able to implement it and make the company better. Pros of pcs - you will learn more and be able to take owner ship of tasks earlier and get a bigger picture view of the overall audit. So there are more roles to come by if you go audit which therefore makes it mathematically easier to land your “optimal exit opp”. Right now, I'm working as an internal auditor at one of the big 4 consulting firms. Also, the better service lines (not audit) like advisory and consulting lead to the best exit opportunities. Will never really have a 9-5 (without having to work weekends). I think Senior Associate is too early too quit if you need career advancement. My advice to kids in college? Do not do tax unless you absolutely love it. Look at it this way, you will never regret getting the license. Audit has a lot better exit opps. Ive observed people having to stay in public much longer because there arent many tax roles in private. Really depends on the company. However 2-3 years is fine in smaller markets, especially if you’re not hoping to go for a controller or assistant They have rigid audit underbellies that are like constipated cats. Exit Opps in industry include financial reporting, internal audit, corporate accounting, technical accounting, and occasional finance roles in treasury, corporate finance, or FP&A Exit opportunities IT Audit. The work is not interesting and I feel like it is not challenging in a sense, it is just a lot of stuff at once. I recommend working in big4 for at least a year or two if u can get in. Maybe consider a top mba after a few years if you wanna do finance? You'll get a good pay bump, and better exit opportunities. I've seen some people stay in internal audit their whole careers, and I've seen others use it as a means to jump into a regular accounting/FR role when someone leaves a company. Saying this as an ex B4 person. The accounting team at a HF is normally ~3-5. The blessing of audit is the wide variety of options, which is why using the whole summer in a relaxed search is so huge Working hours could be worse too. • 2 yr. To document how well Company A is complying with a variety of industry standards or how well Company A is complying with federal or state mandated regulations. Priority ko ay yung pay then the setup (remote) Thanks sa mga magshe-share. Most likely, as an internal auditor, you'll follow your own pathways within the field. 6K subscribers in the KPMG community. During busy season many people work 50-60 consistently, sometimes more depending on the project and circumstances. When I started at Deloitte, I primarily focused on IT audit. However, I wouldnt necessarily reccomend going into audit at all if your looking to transition out of accounting/finance, lol. Best. For data analyst, IT advisory roles would be good. Internal Audit Exit Opportunities. Clarification- better exit opportunities into internal audit from risk assurance (compared to external audit). The exit opportunities for public IT Auditors is generally IT Internal Audit. The majority of audit exit ops are: work in an accounting dept/internal audit/switch to consulting (harder than it sounds unless you have a consulting partner pushing for the transfer) and the connections aren’t great. In audit your work sucks (tons of examples to why somewhere in this subreddit). Almost no one stays at a firm their entire career. But companies love big 4 experience in general, and you can branch out to a lot of accounting, finance, consulting, and analyst jobs. Company A will hire the Big4 IT firms to audit Company A's systems. Exit opps are gonna look like senior accountant roles, financial analyst roles of you have modeling experience and can demonstrate mastery of the financial statements. A few (< 5%) managed to move to Big 4 CF, management consulting, or investment analyst positions at asset management funds. Is there anyone here who worked or works in that division? I did private (mid-size firm) -> CRA (AU at headquarters) -> private (big4). I received an offer to work full time in Real estate tax but ultimately requested to switch to assurance for better exit opportunities. Say you want to go into IT: ask for audits in that field while preparing for the I have more than 2 years of experience po in big 4 audit and promoted as senior this year, what would be my asking salary if I would apply sa BPO companies as auditor din? Would 60k gross salary be enough or masyado mataas ba sya? Or possible ba makakuha ng job offer na 70K pataas? IT Audit Manager in industry here, in response to u/big4throwaway199's comment on exit ops. Both are currently in hiring mode. If you can into NFP audit, then you will kinda be pigeonholed into that area as well. You will always have the headache of a busy season. I am talking about international finance policy type stuff. Technical accounting. B4 senior managers with experience can exit for controller, CFO, and other executive or VP roles. You are not limited to just accounting work as exit opportunities. I hate traveling like serious hate hate. That's not to say that it isn't possible to obtain similar type of exits to audit, but the most common case is going to be audit Some industry internal audit people rotate out into the business. New here, so apologies if this gets asked on a daily basis. 1st year manager left to do a foreign tour of duty in london. I was granted the switch, but it looks like I'm getting placed in the group I didn't want If I were to try and transition to industry after a couple years as a senior manager at the regional firm vs now (directly from the national firm), is it possible that my potential exit opportunities would diminish due to being at a smaller firm at the time of transition? It looks like advisory has the significantly better pay (audit has 60,000 while advisory has 70,000) and from what I have heard has significantly reduced hours. Most of our tax seniors and managers go into very similar roles compared to the auditors. Staff- Financial Analyst (FA), Staff Accountant (A), maybe Senior FA or A. If you leave public as a senior, most likely you're going to move into a corresponding senior accountant role with a company and industry knowledge isn't as important. Exit opportunity in bank as big 4 internal auditor for $150K. If you want to make the most of your exit opportunities you need to stay far away from individuals and small operating partnerships/s-corps and hone in on large corporations (especially ASC740) and private equity/investment management Add a Comment. I want to exit to internal audit/IT Audit in industry but it seems like my experience is too limited since I only work on SOC engagements and nothing else. I currently work for a mid-tier accounting firm and am interviewing with EY for an experienced auditor position in the wealth and asset management division in LA. So please do the cpa and you will have a million exit opportunities- u can work in managerial The compensation (both in public and in industry, usually) is better but yes, the exit opportunities are worse. In all honesty, there are not many good exit opportunities to private once you’re in the CRA, unless your are an executive or don’t mind a significant pay cut. Exit opportunities would be internal auditor, IT auditor, compliance analyst, fraud examiner, internal controls analyst, or consultant (in internal audit/risk). 47. The no audit experience wouldn't be a factor unless you start going out of But everyone i talk to they always say … grind, suffer for 2 years and it will help u in the long run. big 4 audit exit opportunities. I’m on schedule to get promoted soon but I’ve been reflecting on whether or not I actually like IA. Following. Im being offered a senior internal audit position that would work with a manager and a VP of internal audit to help build their program. Focus on business returns and you'll be fine. 2nd year leaves to go back and get her masters in education. Asst controller. Figure out what YOU want to do and what interests you and then start searching from there. It really depends on which state you live in and how the market is. Tax sucks for exit opportunities. I have been looking for opportunities, but any form of management job requires slightly more experience, at least from what I can tell. Hey there - I’m wondering what job transitions others have done and see what is out there. You just need to take some initiative, meet the right people, and develop your interests. Hi everyone, I would appreciate any advice I can get. Financial Analyst role. dq wp sx lj mi fi xn jm wh ph