It is better to choose an investment bank, because people who come from the Big Four may jump to investment banks. But people who come from investment banks don’t jump to the big four.
The Big Four accounting firms refer to the four internationally renowned accounting firms: PricewaterhouseCoopers (PwC), Deloitte (DTT), KPMG (KPMG), and Ernst & Young (EY).
1. PricewaterhouseCoopers
PricewaterhouseCoopers was formed in 1998 through the merger of the original PricewaterhouseCoopers and Coopers & Partners. It is headquartered in London, England. PwC's global network of member firms spans 155 countries and territories and has more than 284,000 employees.
2. KPMG
KPMG was founded in 1897 and is headquartered in Amsterdam, the Netherlands. KPMG is a global organization of independent professional members. Member firms are located in 146 countries and regions around the world, with nearly 227,000 professionals in fiscal year 2020, providing professional services such as auditing, taxation and consulting.
3. Deloitte
Founded in 1845, Deloitte has approximately 330,000 professionals and member firms in more than 150 countries and regions around the world, providing services including auditing and assurance, and management consulting. , risk consulting, financial consulting, taxation and legal consulting, etc., a full range of professional services.
4. Ernst & Young
Ernst & Young is a multinational professional services company headquartered in London, England. The merger was completed in 1989. In fiscal year 2019, the total number of employees exceeded 284,000, with more than 700 offices in 150 countries and regions.
What are the typical salaries at the Big Four accounting firms?
The starting salary in the first year is currently about 7,200 yuan/month. During the Spring Festival, you can receive 13 salary and no other project bonuses;
The average salary in the second year is 8,500 yuan. Yuan/month level, you can receive 13 yuan salary in the Spring Festival month, and no other project bonuses;
At the junior auditor level, graduate students with the same KPI score will receive 300 yuan more monthly salary than undergraduates until they are promoted to senior auditor.
Senior Auditor:
The average salary in the first year is 10,000 yuan/month. During the Spring Festival, you can receive 13 yuan of salary and no other project bonuses;
The average salary in the second year is 13,000 yuan/month, and you can receive 13 salary in the Spring Festival month, with no other project bonuses;
The average salary in the third year is 17,000-18,000 yuan/month. During the Spring Festival, you can receive 13 yuan of salary and no other project bonuses;
Junior/senior auditors can receive overtime wages according to the hourly wages corresponding to their respective salary levels. There is a subsidy of about 200 yuan/day when traveling, and there is an annual allowance of about 200 yuan/day. 10 days (junior auditor) or 15 days (senior auditor) annual leave, 10 days paid sick leave, and basically no other benefits.
Manager, senior manager:
The starting salary of the first-year manager is about 30,000 yuan/month, no 13 salary, and 0.5-2 months salary will be given based on KPI score every year. bonus.
The starting salary for the first-year senior manager is about 50,000 yuan/month, with no 13% salary. Each year, 0.5-2 months' salary will be given as a bonus based on KPI scores.
There is no overtime pay for managers and above. There are 20 days of annual leave, 10 days of paid sick leave, and basically no other benefits every year.
Partner:
Being a "Big Four" partner means that you have reached the top of the firm's career pyramid and become the best 5% at the top. It requires years of hard work and accumulation. Partners have high academic qualifications and high salaries, but they also bear greater risks. Partners make more money. Usually, they have the right to pay dividends. The most common partners are millionaires.