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Friday, 3 August 2007

Big 4 or Bank?

Anonymous wrote

I am an Indian by nationality. I recently got a job offer from one of the Big 4 firms to train at the Internal Audit department as a graduate trainee. The company will sponsor my ACA also in the meanwhile.I did my under graduation from the University of Delhi in India and got an additional degree from Germany after that. I did one internship with this Big 4 in Germany for 6 months and then was sent by the company (as one of the best interns) for a rigorous traineeship to Manhattan, New York (again 6 months). The company now finally offered me a full time job (Graduate Trainee - Internal Audits, Advisory) with the ACA training. I am 24 years old. My work visa is of course sponsored by the company and is valid for 5 years. So now, I was wondering about the next prudent step. The important question for me is if the top league investment banks value the Internal Audit experience + ACA degree from a Big 4. Or shall an MBA after 3 years be the better step? I took my GMAT exam recently and got a score of 730. (just for information - the average at Harvard Business School is 710).Or I could have some offers to work as an analyst right now with some banks. But do the analysts at banks really learn? I heard all they do is data collection. But of course they are better paid than the Big 4 jobs. But then again the Big 4 offers excellent client interaction. I heard that after my ACA and MBA from a top bracket school, I could become an associate directly with an investment bank. How true is that? So there are so many things getting creating confusion at this time. Kindly suggest an action plan. I would be grateful!

A manager at Marks Sattin wrote:

In such a complicated situation, our best advice would be to come in and talk to one of our consultants - assuming your current requirements are for work in the UK. If you are looking for work in the USA - which is the impression you are giving, you are probably best talking to a US-based recruitment consultant as they will be better placed to offer advice on the US markets. I'm sorry we couldn't offer more help on this occasion.

All the best in making that decision!

2 comments:

Anonymous said...

Hi,

I would like some advice on my situation if possible.

I am currently in my final undergraduate year, studying BSC Hons Economics, and I am slightly stuck in my career prospects.

I have been looking to get into Investment Banking via Graduate Schemes , but most of these schemes require a minimum of 300 UCAS points (I only have 260), and so I believe it will be very difficult to break into the City.

I have been recently looking at accountancy, and would like to work for one of the Top 10, if not one of the Big Four. I realise with the Big Four firms, 260 UCAS wont really help me much.

I am not sure whether to follow the ACA or ACCA or the CIMA route. I understand ACA is preferred. If I obtained an ACCA training contract, how much would it hinder my chances of breaking into Investment Banking in the future?

Also, having 260 points, is there still a chance I would be considered by one of the Top 10 firms which require 280 by pleading my case? My A-level results are not a true reflection of my ability.

Thanks

Unknown said...

hi, I would appreciate a little advice on future prospects....

I am 33 and until recently was working as a chef. I gave it up to join a big 4 firm and am training for an ACA. To date I have had first time passes in my exams and will have completed professional stage in July next year (i.e. 2009). I was wondering if I would have some advantage in applying for an internship to investment banks as it is a career that I have always wanted and I believe that an internship will enable me to understand if I am capable of doing the job. Would very much appreciate your help in this regard.

you can reply direct to sreenivasmohanster@gmail.com