August 21, 2018

Recruiting: Considering the Non-Big 4 Employers

BelushiCollege.jpgAs recruiting continues this week, we’ll put out the idea of opting to starting your career with a firm or company as opposed to starting at a Big 4 firm. Regardless of the Big 4’s dominance of the BW list, there are several smaller firms that make good offers and all businesses need number crunchers to track all the bloody money.
And this year, since many of the Big 4 don’t appear to be making as many offers, going with a national or regional firm or private company becomes a serious option for many recruits.
For the recruits out there, are you giving serious consideration to taking a position with a non-Big 4 firm? For the rest of you, is starting your career at a Big 4 the only way to go or can relative happiness and success be found elsewhere?
Discuss in the comments.

BelushiCollege.jpgAs recruiting continues this week, we’ll put out the idea of opting to starting your career with a firm or company as opposed to starting at a Big 4 firm. Regardless of the Big 4’s dominance of the BW list, there are several smaller firms that make good offers and all businesses need number crunchers to track all the bloody money.
And this year, since many of the Big 4 don’t appear to be making as many offers, going with a national or regional firm or private company becomes a serious option for many recruits.
For the recruits out there, are you giving serious consideration to taking a position with a non-Big 4 firm? For the rest of you, is starting your career at a Big 4 the only way to go or can relative happiness and success be found elsewhere?
Discuss in the comments.

Related articles

AICPA Report: Accounting is Still Sexy on Campus

sexy accountant.jpgAccounting is still a hot degree according to the latest report from the AICPA. For the 2007-2008 school year, 66,000 bachelor’s and master’s degrees were awarded, a 3.5% increase from the previous school year.
Enrollments were also up, to 213,000 students in undergraduate, graduate, and doctoral programs, a 4.7% increase.
One thought we have is that this trend can’t possibly continue forever. We talked to one campus recruiter for a Big 4 firm and they said that while the trend of graduates and enrollment will eventually slow down, the number of students at on-campus events is not getting smaller. “Lots of finance majors have seen the banking sector implode and rather than become biology majors, they jump into accounting because it’s an easy transition.”
More after the jump


While the need for accountants is obvious, we’re wondering if these students know what they’re getting themselves into. What would be interesting is to know how many of them end up leaving the industry after a few years and do something entirely different (like become a D-list blogger).
What continues to impress us, however, is how the Big 4 and the larger regional firms are able to make accounting so glamorous. The students are drooling at these recruiting events, mostly for beer, but they’re drooling nonetheless. The competition for the top talent is fierce and the firms pull out all the stops to get that talent. It also doesn’t hurt that most campus recruiting professionals are dead sexy but whoever heard of someone taking a job for shallow reasons?
Accounting Degrees Continue Historic Upward Trend, According to AICPA Report [AICPA Press Release]
2009 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits [AICPA.org]

Better Learn to Like that Intern

intern-where-is-my-report.jpgTime to give a little love to everyone’s favorite prank victims, the interns. The word on the street is that this year’s dinner delivery specialists at the major firms will serve as the major pipeline for next year’s fulltime hires.
According to our source, next year’s budgets for much of the audit, tax and advisory service lines for the Big 4 will be met if all of this year’s interns accept their offers. And unless they’ve all suffered serious brain injuries, we’re guessing they’ll be accepting those offers.
More, after the jump


What hell does this mean? Well, in years past, the firms have had large budgets to go back to campus and hire additional new staff in addition to the offers that they made to the crop of interns from the previous year. And just like merit and bonus pools, the hiring budgets have shrunk to the point of the absolute bare minimum. Why? Because no one is jumping from the sinking ship like in years past.
So for you interns out there, it sounds like if you’ve got an internship you better learn to love that firm because if you decide it sucks, finding a fulltime gig at another Big 4 firm will be next to impossible.