Very informative & appreciated the thought of thinking about the exit role which ideally should be applied as a principle in many careers and businesses. Subbed 🤜😊
😷 Hey, I found you over on Thomas Frank's channel, and thought I'd stop by. As someone in the accounting world, I really like what you are doing here! Keep it up! 👍
When you mention internal auditor, can a junior auditor have enough leverage to grab a senior internal auditor position assuming that they have a masters in accounting, CPA, and worked at lets say EY at San Jose for about 2 years?
There certainly is a chance with that background. Naturally, will slightly depend on luck as well (exp. of other candidates etc) but I can see it being plausible.
Help -! Been at my firm 4 years still staff. And firm hired 3 outside seniors. With no CPA 👨💼 wtf help -!? Do I stay or leave. The work environment is blehhhh. Not good or bad
Hi. This is a tricky situation indeed. There are many factors to consider naturally, but if I were in your shoes, the questions I'd be asking myself are: i) am I doing the tasks that a senior would do? ii) was the team so short staffed that they had to bring in 3 seniors? iii) what does the financial outlook look like for the team this year? i.e. is it going to meet or exceed its budget? If you are still learning daily/on a regular basis (as a result of being given different tasks) I'd be more likely to stay than leave, especially given the macro environment currently. Hope that helps :)
Hi, is there a different video for exit opps after working in advisory (CF)? At the end of the video, you spoke about it a little bit but I wasn't sure if that was a continuation of the consulting exit opps.
Hey, in the video, I've largely covered exit opps. for those working in transactions (inc Corp Fin.). Were you after a video just covering exit opps for Corp Fin?
There are no defined routes to get to CEO but between those two choices, I'd say Consulting. An audit background would set you up well for a CFO position in the long term, in general. Hope this helps 🙂
@@fawadali8434 That's a more challenging question as both can lead to the same position. Again, if I had to choose one, I'd go for management consulting.
After a MSc in Accounting and Control, Is it enough frequent being hired in Corporate Finance internships or roles? Because I am enough undecided about the job I would like to do. Thanks.
Currently big 4 Tax associate. Training to become ACA/CTA - is there a route you would recommend to transition into private equity or IB? Was thinking M&A but not sure.
Hey, yeah moving across to the M&A team would be the best transition. Get some deal experience under your belt and then see what the options are in terms of IB/PE. The second best choice is the due diligence team.
@@FinanceUnboxed Amazing thank you! I'll definitely look into it - should be easier transitioning to M&A within my current firm. I guess let's get qualified first!
Great video mate. I have been working as an Accountant since last 10 years. Now looking to make a move to Transfer Pricing. Do you think Transfer pricing would offer a good career options..
Hey, going down that road you're specialising clearly so exit options will be specific to tax. Depends on whether you think you'll be happy down the tax road, so to speak
Hey, most MNC's will recruit via their websites and through LinkedIn. Those two avenues are your best way to look for job opportunities! Best of luck 🙂
Hi man! Im graduating next year in accounting and currently working in one of the big 4 as an audit assistant. I want to work in CF and want to max my chances of breaking in to the field. Do you believe going for a masters degree in finance to be worth it or would it be better to work myself towards making the switch after some years as an audit? Or any other suggestions? Cheers mate, love the content :)
Hi Axel, really appreciate the positive feedback. I don't think the Masters route will maximise your chances of getting into CF. Gaining experience within audit whilst networking internally is the best option, according to me. Moving across to due diligence from audit is the easiest and mot popular route so you may want to start making connections with members of that team first. I've actually made a video on this topic: ua-cam.com/video/VJT3n1qr1Eo/v-deo.html Hope this helps :)
Hope you found the video informative! Any feedback would be welcomed 😃 🎥10 Big 4 myths debunked! 👉 ua-cam.com/video/TrzoDPgnF6E/v-deo.html ⌚Time stamps: 1:04 Audit 6:11 Tax 8:15 Consulting
I’d be interested in knowing pay and hours for each level of accounting.. I know starting as a staff accountant it can feel like you hours don’t equal what your getting paid and eventually that changes but when does it exactly lol
Entry level graduate salaries at the Big4 , varies according to the department. As a guide, in London it's around £25k to £29k and outside London between £21k - £24k. Hours can also vary but you're looking at atleast 40hrs a week. During busier period you can can expect 60hrs or more. As you advance up the ranks you can expect £10k to £20k more for each level you go up. Hrs don't change too much. Hope that helps :)
Hi Eva. Studying Acc., you'll gain really good technical knowledge of accounting practices whilst studying finance will allow you to get an understanding of how the finance systems works, along with some finance specific technical knowledge. Naturally, which one to go for is completely dependent on each person and their interests/careers ambitions. Finance is a broader subject than accounting so if I were giving advice to someone who couldn't choose between them, I'd suggest Finance as it keeps more doors open in terms of potential careers, in my opinion. Thanks for your question and hope this helps. 🙂
What do you think about the Valuations Team for a transition into M&A as a longterm goal. From my understanding, most (70+%) work is post-deal (PPA) / compliance-related (impairment-testing). What are exit opps (how realistic is corp. dev. really?) & is it possible to move into FDD after joining Val? (In your other video you talked about going audit -> FDD -> Val not FDD -> Val). Your Input would be of great help. Thank you!
Hi, thanks for your question. I've known individuals moving across to M&A from Vals. It certainly is a realistic move. Naturally, like in most career routes you go down, the earlier you want to make the transition, the easier it is i.e. don't wait till you get pigeonholed. Moving across to FDD is slightly trickier I'd say as Vals is a big picture exercise (valuing businesses, infra. assets etc). In FDD you're digging deep into the accounts of a company, looking at trial balances, trend analysis on particular accounts etc. Saying that though, and as you point out, Vals does require strong accounting knowledge for PPA exercises. Overall, as long as your accounting fundamentals are fairly good, FDD isn't a far stretch at all in my conclusion. Hope this helps :-)
This Channel deserve more views it kelps me to understand what i want Thank you for your efforts
Appreciate your comment! Glad you find it helpful 😁
Only vid I found with actual exit opportunities - cheers!
My pleasure 😊
Makes lots of sense!! Loved watching!!
Thank you 👍
Hey great video man!
Thanks Pierce! 😁
Very informative & appreciated the thought of thinking about the exit role which ideally should be applied as a principle in many careers and businesses. Subbed 🤜😊
Appreciate it 🤛
Great video and very helpful!
Thank you very much 😊
Helpful and informative video!
Thank you! 🙂
😷 Hey, I found you over on Thomas Frank's channel, and thought I'd stop by. As someone in the accounting world, I really like what you are doing here! Keep it up! 👍
Thank you for the positive feedback 😁
When you mention internal auditor, can a junior auditor have enough leverage to grab a senior internal auditor position assuming that they have a masters in accounting, CPA, and worked at lets say EY at San Jose for about 2 years?
There certainly is a chance with that background. Naturally, will slightly depend on luck as well (exp. of other candidates etc) but I can see it being plausible.
Help -! Been at my firm 4 years still staff. And firm hired 3 outside seniors. With no CPA 👨💼 wtf help -!? Do I stay or leave. The work environment is blehhhh. Not good or bad
Hi. This is a tricky situation indeed. There are many factors to consider naturally, but if I were in your shoes, the questions I'd be asking myself are:
i) am I doing the tasks that a senior would do?
ii) was the team so short staffed that they had to bring in 3 seniors?
iii) what does the financial outlook look like for the team this year? i.e. is it going to meet or exceed its budget?
If you are still learning daily/on a regular basis (as a result of being given different tasks) I'd be more likely to stay than leave, especially given the macro environment currently.
Hope that helps :)
@@haloepic3092 sorry, I don't understand the question. Can you pls rephrase
Hi, is there a different video for exit opps after working in advisory (CF)? At the end of the video, you spoke about it a little bit but I wasn't sure if that was a continuation of the consulting exit opps.
Hey, in the video, I've largely covered exit opps. for those working in transactions (inc Corp Fin.). Were you after a video just covering exit opps for Corp Fin?
@@FinanceUnboxed yes :)
@@blueskythinking8312 I'll make a specific video just for CF exit opps!
@@FinanceUnboxed thanks!
can you move from big 4 audit to middle/back office roles in an investment bank such as market risk, product control or finance?
Hey, a move into Finance or PC within an IB is certainly possible. Naturally, audit experience of FS is a big plus in the cause.
Hope this helps 🙂
@@FinanceUnboxed Thanks for the info you make great informative videos
@@markugbah1320 pleasure! Really appreciate it 🙌
Great video.
My aim is to become the CEO in corporate , what should i select Advisory Consulting or Audit in big 4?
There are no defined routes to get to CEO but between those two choices, I'd say Consulting. An audit background would set you up well for a CFO position in the long term, in general. Hope this helps 🙂
@@FinanceUnboxed Thanks ,At which advisory corporate finance and m&a or Management Consulting?
@@fawadali8434 That's a more challenging question as both can lead to the same position. Again, if I had to choose one, I'd go for management consulting.
After a MSc in Accounting and Control, Is it enough frequent being hired in Corporate Finance internships or roles? Because I am enough undecided about the job I would like to do. Thanks.
Hey, yes certainly. Going for an internship makes sense for you to understand the role. Best of luck 🙂
Currently big 4 Tax associate. Training to become ACA/CTA - is there a route you would recommend to transition into private equity or IB? Was thinking M&A but not sure.
Hey, yeah moving across to the M&A team would be the best transition. Get some deal experience under your belt and then see what the options are in terms of IB/PE. The second best choice is the due diligence team.
@@FinanceUnboxed Amazing thank you! I'll definitely look into it - should be easier transitioning to M&A within my current firm. I guess let's get qualified first!
Anyone else end up focusing on his constant hand gestures?
Realise they're distracting haha. Have tried to consciously improve that in my latest video. 😁
@@FinanceUnboxed i think the hand gestures are fine. You're doing a great job
YCO.
Great video - thanks!
Appreciate the feedback. YCO!
Great video mate. I have been working as an Accountant since last 10 years. Now looking to make a move to Transfer Pricing. Do you think Transfer pricing would offer a good career options..
Hey, going down that road you're specialising clearly so exit options will be specific to tax. Depends on whether you think you'll be happy down the tax road, so to speak
Hey your video is very helpful.. could you help me know how should we apply in MNC co., currently I am a part of one of the big4's..
Hey, most MNC's will recruit via their websites and through LinkedIn. Those two avenues are your best way to look for job opportunities! Best of luck 🙂
Hi man! Im graduating next year in accounting and currently working in one of the big 4 as an audit assistant. I want to work in CF and want to max my chances of breaking in to the field. Do you believe going for a masters degree in finance to be worth it or would it be better to work myself towards making the switch after some years as an audit? Or any other suggestions? Cheers mate, love the content :)
Hi Axel, really appreciate the positive feedback. I don't think the Masters route will maximise your chances of getting into CF. Gaining experience within audit whilst networking internally is the best option, according to me. Moving across to due diligence from audit is the easiest and mot popular route so you may want to start making connections with members of that team first. I've actually made a video on this topic: ua-cam.com/video/VJT3n1qr1Eo/v-deo.html
Hope this helps :)
Hope you found the video informative! Any feedback would be welcomed 😃
🎥10 Big 4 myths debunked! 👉 ua-cam.com/video/TrzoDPgnF6E/v-deo.html
⌚Time stamps:
1:04 Audit
6:11 Tax
8:15 Consulting
please do a video on audit to corp fin!
Will do Oscar. Thank you for the suggestion! Anything else you think would be interesting to hear about?
Hi Oscar. I've made the video on the move from audit to Corp. Fin. Link to the video: ua-cam.com/video/KQit4P47tPs/v-deo.html
I’d be interested in knowing pay and hours for each level of accounting.. I know starting as a staff accountant it can feel like you hours don’t equal what your getting paid and eventually that changes but when does it exactly lol
Hey, are you referring to Big 4 specifically or accounting in general? If Big 4, which division?
Finance Unboxed honestly anything, even a comparison between divisions or between big 4 and industry etc
Entry level graduate salaries at the Big4 , varies according to the department. As a guide, in London it's around £25k to £29k and outside London between £21k - £24k. Hours can also vary but you're looking at atleast 40hrs a week. During busier period you can can expect 60hrs or more. As you advance up the ranks you can expect £10k to £20k more for each level you go up. Hrs don't change too much. Hope that helps :)
MSc. Accounting Vs Finance: Which Should You Study?
Hi Eva. Studying Acc., you'll gain really good technical knowledge of accounting practices whilst studying finance will allow you to get an understanding of how the finance systems works, along with some finance specific technical knowledge. Naturally, which one to go for is completely dependent on each person and their interests/careers ambitions. Finance is a broader subject than accounting so if I were giving advice to someone who couldn't choose between them, I'd suggest Finance as it keeps more doors open in terms of potential careers, in my opinion. Thanks for your question and hope this helps. 🙂
Hello new friend here watching your video ..nice topic thanks to share. See you around ..
You're welcome 😊
Hey man do you create your own thumbnails? I can help you with that
Appreciate you reaching out. I'm fine for now.
What do you think about the Valuations Team for a transition into M&A as a longterm goal. From my understanding, most (70+%) work is post-deal (PPA) / compliance-related (impairment-testing). What are exit opps (how realistic is corp. dev. really?) & is it possible to move into FDD after joining Val? (In your other video you talked about going audit -> FDD -> Val not FDD -> Val). Your Input would be of great help. Thank you!
Hi, thanks for your question. I've known individuals moving across to M&A from Vals. It certainly is a realistic move. Naturally, like in most career routes you go down, the earlier you want to make the transition, the easier it is i.e. don't wait till you get pigeonholed.
Moving across to FDD is slightly trickier I'd say as Vals is a big picture exercise (valuing businesses, infra. assets etc). In FDD you're digging deep into the accounts of a company, looking at trial balances, trend analysis on particular accounts etc. Saying that though, and as you point out, Vals does require strong accounting knowledge for PPA exercises. Overall, as long as your accounting fundamentals are fairly good, FDD isn't a far stretch at all in my conclusion.
Hope this helps :-)
Good video mate but you have to stop doing that with your hands
Yeah working on improving that consciously 😂 Appreciate the constructive feedback 🙂
stop moving your hands