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Old 06-02-2018, 01:26 AM
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Quote:
Originally Posted by pico112 View Post
Hi,i would like to know which field has more opportunity for growth in terms of pay and long term career prospects? For example compliance in a bank vs external audit (mid tier/ big 4 firm).

Also, is it possible to go from compliance to external audit?

thanks.
Generally speaking:

Fresh Grad
Bank Compliance 2-4k, average hours (6-7pm)
Audit ~3k, **** hours (11pm-2am kinda ****)

Short term (~5 years)
Compliance 6-12k (depending on what area of compliance/bank/market), average hours, limited exit options (usually between banks or MNC)
Audit ~5-7k (depending if you missed any promo), still **** hours, better exit opportunities into bank compliance or many other areas (finance, fp&a...non-banking)

Mid term (~8-10 years)
Compliance 8-15k (less stability here) average hours, even more limited exit options
Audit ~10-15k (assuming not yet partner) average hours, also many exit options (however not having commercial experience can be a bane here)

Long term (15-20 years)
Compliance 0-20+k (some out of job, some senior managers)
Audit 15-30k (senior director/partnership)

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