Quote:
Originally Posted by pico112
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.
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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)