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TAS -> Consulting

 
#1 TAS -> Consulting
22/11/2012 18:04

CharlesB

Hi all,

I've got an offer from KPMG TS. Currently I'm working at other BIG 4 but in audit department.

Would you guys make a change to TS if you eventually (let's say in 1 year time) would like to land a strategy consulting gig?

or

Would you from the MBB recruitment standpoint if all other thing being equal rate (at an initial consideration) a guy with 1 year of audit experience + 1 year of TS experience higher than a guy with 2 years of audit experience?

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#2 RE: TAS -> Consulting
23/11/2012 09:23

marsday to CharlesB (#1)

answer to first question is yes.

answer to second question is - largely irrelevant. MBB will discount all previous experience but will look for relevant skills so a move to TS would be useful but wont get additional credit.

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#3 RE: TAS -> Consulting
23/11/2012 10:07

Bushy Eyebrow Partner to marsday (#2)

Hmmm... TS

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#4 RE: TAS -> Consulting
23/11/2012 12:26

CharlesB to Bushy Eyebrow Partner (#3)

Unfortunately this offer involves pay cut at the level of 15%.

Additionally altough I'm only a year after graduation I had 3 jobs which lasts 3, 6 and 12 months. Do you think another switch will make me look too much "jumpy" ?

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#5 RE: TAS -> Consulting
23/11/2012 12:29

Bushy Eyebrow Partner to CharlesB (#4)

Ahh, I just wouldn't bother. Follow the money. MBB aren't gonna be that interested in an auditor anyways.

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#6 RE: TAS -> Consulting
23/11/2012 12:44

marsday to CharlesB (#4)

Unfortunately this offer involves pay cut at the level of 15%.

Additionally altough I'm only a year after graduation I had 3 jobs which lasts 3, 6 and 12 months. Do you think another switch will make me look too much "jumpy" ?

Stay put for a few years. You really cannot afford another move on your CV.

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#7 RE: TAS -> Consulting
23/11/2012 13:37

CharlesB to marsday (#6)

Bushy Eyebrow -> Let decide MBB whether they will be interested or not :)

MBB are most desired, but I will settle for any respectable 2nd tier.

I'm just curious whether TS on CV will give some additional credit in comparison with straight 2 years audit.

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#8 RE: TAS -> Consulting
23/11/2012 13:54

Bushy Eyebrow Partner to CharlesB (#7)

Bushy Eyebrow -> Let decide MBB whether they will be interested or not :)

Of course. I don't think we're going to be very surprised, though. Auditors tend to have a different "mentality" to the type of character that joins MBB.

MBB are most desired, but I will settle for any respectable 2nd tier.

The question is, will they settle for a smartarse, job-hopping ex-Big 4 auditor with 2 years experience of bean counting when they have Oxbridge PPE grads and Ivy League MBAs lining up at their door?

I'm just curious whether TS on CV will give some additional credit in comparison with straight 2 years audit.

TS from Goldman Sachs? Yes, that will help you a lot. TS from KPMG? Doubt it.

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#9 RE: TAS -> Consulting
23/11/2012 14:37

CharlesB to Bushy Eyebrow Partner (#8)

Bushy -> of course we are talking about a very large group of people who are auditors but particular persons may have quite different mentality. I wouldn't like to tell my whole story here but audit is happily not my only occupation.

I have to add one very important thing - position isn't in US or UK. It's in Central Europe so oxbridge / ivy actually don't apply.

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#10 RE: TAS -> Consulting
23/11/2012 15:12

marsday to CharlesB (#7)

MBB are most desired, but I will settle for any respectable 2nd tier.

No you don't settle for 2nd tier. 2nd tier (as you call them) are still a significant step beyond KPMG TS and far beyond audit. You wouldnt be settling - they would. And they dont settle for 2nd tier candidates. Ever.

You are job hopping too much. Move into TS. Get some experience. You might have an option to move out into a bank in due course.

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#11 RE: TAS -> Consulting
23/11/2012 15:54

CharlesB to marsday (#10)

I thought that 2nd tier is commonly used term to describe lek, monitor, ow etc. Of course it's 2nd to MBB. I realized that.

So.. altough this was tricky discussion the consensus is that TS > Audit at least in case of perception?

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#12 RE: TAS -> Consulting
23/11/2012 16:05

Bushy Eyebrow Partner to CharlesB (#11)

OK I am not commenting on any specific firm here but rather the fields of TS and audit generally.

What you're asking is like asking "Which is better - dog poop or cat poop"?

Basically, they're both poop.

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#13 RE: TAS -> Consulting
23/11/2012 16:56

Mr Cool to Bushy Eyebrow Partner (#12)

CharlesB,

What BushyEP is saying is probably correct. By all means move to TS if you really want to do that sort of work, but not if you see if as a stepping stone to any sort of strategy firm. Competition at even tier 2 "strategy" firms is such that you are probably already out of the running.

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#14 RE: TAS -> Consulting
23/11/2012 17:08

CharlesB to Mr Cool (#13)

You all might be right but if I wouldnt try I wont know.

Please keep in mind that it's not UK or US and credentials of applicatans arent that strong.

I'm doing also many things outside audit which are more strategy focused.

Additionally I will have some top tier (UK, US) education under my belt before applying.

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#15 RE: TAS -> Consulting
26/11/2012 09:21

Bushy Eyebrow Partner to CharlesB (#14)

About these things that you are doing "outside audit"... tell us about them. Be detailed and descriptive.

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