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Growing areas within IT risk / EY / "up or out"

 
#1 Growing areas within IT risk / EY / "up or out"
12/01/2013 20:46

coldhabit

So, I started this year in EY as a recent graduate in their IT risk branch, ex TSRS in Europe and I'm considering my next steps.

I enjoy the work (half IT audit, half more or less consulting related to IT risk), the rather small laid-back department and good relations with colleagues. On the other hand, I'm not sure if it is not a dead-end job in terms of career and money - and I'm afraid that I might be underselling myself (I'm in the top 10-20 % of hires my year in mid-review).

a) IT risk at Big 4 - dead end or not a dead end in terms of exit opportunities at experienced staff / recent senior / experienced senior / recent manager level?

b) Where do you see growing areas in IT risk / IT/banking industry consulting? Where would you head if you were just starting your career in terms of technologies, certifications, professional organizations and preferred projects in IT consulting...?

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#2 RE: Growing areas within IT risk / EY / "up or out"
12/01/2013 23:48

rhd01 to coldhabit (#1)

There are big opportunities in this area to learn both IT delivery and business skills if you work in FS. If you get knowledge and experience in VAR and HVar in a particular system, you could go contracting for 800 - 1000 per day or move into the business with the network you'be built.

Don't think its dead end, its what you make of it

Cheers,

D

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#3 RE: Growing areas within IT risk / EY / "up or out"
13/01/2013 14:22

DiamondSea to rhd01 (#2)

As far as my brief brush with the then-leading-the-pack IT Risk practice of Deloitte went, I can say the following:

PROs

- human hours for the money

- not a lot of pressure on the workplace

- pretty interesting people, vey, very few people were cocks, probably nobody would have made it past the first round interviews for The Apprentice which is obviously a good thing

- stable industry (it's often tied to audit!)

- ACA if you want to do it

CONs

- mindnumbingly boring and totally uncool assurance work (it's often tied to audit!) unless you get into technical advisory offerings such as security, business resilience and continuity and data

- the possibilities of converting you experience to leave professional services and join industry are absolutely zero unless you do ACA and even then they will mainly be within internal audit of companies or middle office of banks if you really push it

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