Returning again with another edition of accounting career therapy, a recruit has two offers – one from Deloitte, one from KPMG. Rather than speak to their friends, family or flip a coin, they emailed us.
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I have an offer from Deloitte and KPMG. Where I reside, the local Deloitte is almost twice as large than the local KPMG, but is also known to work longer hours. Of course, rankings will say that Deloitte is better than KPMG and seemingly pays more according to my research done on this very site. I don’t want to seem shallow, but I am at the moment. Should I go for the money/prestigious name or the shorter hours?
On a side note, I’m honestly only looking to a 5- to 6-year plan in public accounting (hopefully to make manager). With that in mind, what route would you take between Deloitte and KPMG?
Ahhh, the firm versus firm debate. One of the oldest and stupidest to be had. But it’s fun, so let’s indulge, shall we?
Regardless of the back and forth you might read in the comments, judging the firms collectively is a waste of time. There are “good offices” and “bad offices” at each firm. How you choose to define “good” and “bad” is up to you but it sounds like you’ve painted yourself into a corner, saying “Big prestigious firm = good,” “Money = good” and “Long working hours = bad.” Choosing a firm based on this perception is futile exercise. The difference in money won’t be life changing and “shorter hours” probably won’t feel shorter. Trust us.
And you know who agrees with us? DWB.
Clearly in this situation, the KPMG recruiters did a better job managing (i.e. bullshitting) the “long hours” argument. Long hours are a simple fact of life. Unless you want to work at the Post Office, you’ll be hard pressed to find 9a-6p. Also, remember that regardless of where you start your career you will find yourself at the bottom of the food chain. Welcome to the Big 4, kid.
Try this on for size – forget money, prestige and long hours. What about – gasp – choosing the firm that seems like the best fit for you? Did you like the Deloitte people or were they snooty two-shoes? Did the KPMG people seem like a fun bunch or were they all work and no play, thus a bunch of dull mofos? You’re going to have to work with these people EVERY. SINGLE. DAY. And many nights. And weekends. Do you want to be around people that you think you’ll enjoy working with or that you’ll consider suffocating with pillow or poisoning their late-night food?
With that in mind, make your choice. Hell, maybe it won’t be either firm but forget about money, perception and hours. If that’s your measuring stick for choosing a firm, then you may have bigger issues on your hands.
Good. I hope it gains traction.
I hate when people compare ANYTHING to slavery. This isn’t quite as bad as saying that pro athletes are slaves, but it’s still pretty ridiculous. First of all, as opposed to an actual slave, you can fucking leave anytime you want. Second, $65k is a pretty damn good starting salary for someone who doesn’t know shit, and therefore isn’t capable of contributing much of anything to their team or the company. You’re literally getting paid to learn. And you get benefits, employment rights, a brand new laptop computer which you can use for personal shit, and you get to work in an air conditioned office. Shut the fuck up about being a slave, you lazy bastards. If you don’t like it, go work at McDonald’s.
B4V – great comment. I’ve been working with graduates in my current advisory firm. Geez they are bad; they know nothing irrespective of their impressive paper qualifications. Calling them sh#t is a little harsh though. At least with sh#t you could use it as fertilizer.
Very well said.
Please don’t call them lazy or call them names. They do have a point.
I worked hard for Big4 for more than 15 plus years with tons of positive contributions and hours for even 1/3 benefit she is mentioned.
At your sick bed, Big4 is no where to be found. Health comes first.
Don’t mock Mcdonald, if they treat them better – and with respect, why not. It is an honest living and I respect them more.
A Deloitte Partner’s response:
“12 – 14 hours a day? That’s nothing. I used to work 20 hours a day. These young people do not know what hard work is”.
Well mr Deloitte partner, how many hours a week do you require from your junior accountants?
Please also note that the salaries referred to in the TikTok are in Australian Dollars. AUD 67k at the current exchange rate is less than USD 50k. Not that great of a salary at all.