Quote:
Originally Posted by Unregistered
Hi everyone, if you guys feel jaded about peak let me share with you my journey
2009: Joined Big 4 as an Audit Associate
2011: Promoted to Audit Senior
2013: Promoted to Audit Assistant Mgr and seconded to NYC
2018: Promoted to Audit Senior Mgr
2021: Promoted to Audit Partner
I understand that peak is tough for you guys, but every dark clouds have a silver lining and look at the bright side. Big 4 is the only place that could provide you with lateral career trajectory, which translates to faster promotion and higher increments annually. During these 12 years of my career, there were many headhunters poaching me with lucrative offers. However, I rejected all these offers as my approach to career has always been a “long term investor” rather than a “short term trader”. Big 4 is equivalent to US stock market where there are many ups and downs throughout. However, if you are able to weather through all this hardships you will see lucrative gains and huge positive impact to your career as well as your life.
|
Your premise is flawed. This advice has been raised and debunked multiple times in this forum already.
Big 4 operates on a pyramid model. 100 people every year per batch but only, let's say, 5 make it to partner. 95% attrition rate. The business model depends on voluntary attrition. If more than the projected partnership candidate yield refuses to quit, the firm will deploy involuntary attrition methods by making surplus managers "hetak kaki" or "managing" them out. You are one of the 5%.
If the firm had a business case, they would be promoting more than 5% per batch to partnership.
Hence, you being one of the 5% doesn't mean anything and your advice isn't applicable or effectual for the other 95%. This fallacy is called "survivorship bias".