how does audit firm consulting's future like?

Originally Posted by Unregistered

That's only if you stick with Big4. In reality most good people do not stay in Big 4 consultancy for too long. 25k is only the pay of roughly Regional M&A or Strategy Manager in big MNCs, 10 years exp is more than enough for it.

is the annual pay incremental huge? then why do people start at big4 but not stay? Is it coz cannot get in other consultancy firms? Please advise what to expect if i were to join... thanks!

Originally Posted by Unregistered

is the annual pay incremental huge? then why do people start at big4 but not stay? Is it coz cannot get in other consultancy firms? Please advise what to expect if i were to join... thanks!

The big 4 increase is already very good, just that in consulting there is so much exposure that good people are constantly being poached by ex-clients or other prestigious consultancies.

A lot of big mncs and banks can throw money once they spot a good consultant and its hard for big 4 to match.

Originally Posted by Unregistered

What is your definition of market rate and with which firms are you comparing it to?

The work-life balance is terrible, even as a consultant and not an auditor. However, the exposure and career progression is great, your skills will be pretty much in demand throughout the finance industry.

I'm comparing to other boutique consulting firms.. their pay are way better than audit firm's consultancy.. will the job be similar? since there is such discrepancy in pay

Originally Posted by Unregistered

Note that each of the MBBs hire just around 5 ppl each year, so for others interested in consultancy, they are left with the second-tier ones (OW, LEK, etc.), boutiques, and Big 4. Big 4 salary may start off much lower than the elite consultancies but the pay after 4 years is still much better than the typical bank officer and such, plus the prospects from there are great.

Salary scale isn't very much different from the other Big 4 lines, maybe just a little higher bonus (esp now that advisory is becoming a larger and larger revenue generator for Big 4). Work-life balance is just as crappy (but also depends on project nature).

may i know why is the career path better than typical bank officer? how does the trajectory look like? is it moving forward to other consulting firms or are there chances of other career paths like in banking sector?

Originally Posted by Unregistered

I'm comparing to other boutique consulting firms.. their pay are way better than audit firm's consultancy.. will the job be similar? since there is such discrepancy in pay

Unless you have a proven track record or have a stellar educational background, you can forget about getting into the well-regarded boutique consultancies.