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    You did the right thing, you'll go far. At the trainee point neither is a bad choice

    You got through the process for IB - so can always go into it down the road, 3 years audit whilst doing the ACA will let you know if you like it or feel like you made the wrong choice - if not you'll be headhunted for banking roles with the ACA anyway and join in an associate position.

    Well done
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    (Original post by davidr123)
    You did the right thing, you'll go far. At the trainee point neither is a bad choice

    You got through the process for IB - so can always go into it down the road, 3 years audit whilst doing the ACA will let you know if you like it or feel like you made the wrong choice - if not you'll be headhunted for banking roles with the ACA anyway and join in an associate position.

    Well done
    Cheers man.
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    I can understand turning down IB for a policy job because money isn't everything and you wanted a work life balance etc, but going for audit? It's not exactly known for work life balance.

    How many hours are you expecting to work a week in audit?

    I'm not knocking you for making the choice, if you think auditing is more for you then go for it but I'm just surprised at the reason being given. Seems to me like the choice of IB v audit is very long hours for £60k,£80k,£100k and rising, or pretty long hours for £25k,£30k,£40k and rising.
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    Was it DB FO or BO?
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    The big 4 seem to have a decent salary and good career progression and once your qualified, you have lots of options career wise.
    Not everyone wants to be stressed all day long even though it may pay a lot :P
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    (Original post by Smtn)
    Was it DB FO or BO?
    Seems to be skating around this question.
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    FO > Big4 (especially consulting arms) > BO

    ....imo
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    (Original post by Smtn)
    Was it DB FO or BO?
    front office role. (sorry didn't see your question before)
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    Audit is a very unrewarding work. There is no deliverables except for one signed page in annual report which practically says that you've done the work.

    Big 4 Advisory is better in a sense that you actually produce a report for someone to read.

    I hope you enjoy vouching. Truly soul numbing.
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    (Original post by dumbdedumb)
    Audit is a very unrewarding work. There is no deliverables except for one signed page in annual report which practically says that you've done the work.

    Big 4 Advisory is better in a sense that you actually produce a report for someone to read.

    I hope you enjoy vouching. Truly soul numbing.
    I'm actually really excited about starting with40 other graduates and getting an insight into business. Also the Aca is great on a cv and opens many fields. I know people say it's boring work but I'm going to reserve judgement on that until I've started! Considering how competitive it is with graduates, it can't be that bad surely!
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    I thought audit was that bad?
    Isn't tax the one where it's a ****load of number crunching?
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    (Original post by jonny)
    You turned down IB for the big four?! Why??? I mean how can you go for the application process for IB, get an offer and then turn it down. This will be one of the worst decisions of your life. The starting salary is great and IB is what all business graduates aspire to. Audit is for people who couldn't get into IB. You will regret this! If i were you, change your mind and choose Deutsche!
    Depends. Some of the guys who work 100 hour weeks in IB have a dogs life. No girlfriend, no close friends etc. Having lots of money is only worthless if your miserable.
    Go wherever you'll be happiest, not where you're paid the most.
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    (Original post by Zürich)
    Depends. Some of the guys who work 100 hour weeks in IB have a dogs life. No girlfriend, no close friends etc. Having lots of money is only worthless if your miserable.
    Go wherever you'll be happiest, not where you're paid the most.
    You are right
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    Once qualified ACA at a Big4 firm, is it possible to make a transition into IB?
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    (Original post by Zürich)
    Depends. Some of the guys who work 100 hour weeks in IB have a dogs life. No girlfriend, no close friends etc. Having lots of money is only worthless if your miserable.
    Go wherever you'll be happiest, not where you're paid the most.



    This couldnt be any more true than when talking about being an IBD analyst.
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    (Original post by lee11)
    Once qualified ACA at a Big4 firm, is it possible to make a transition into IB?

    Yes, but you would most likely have to start as an analyst.
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    (Original post by Zweihander)
    Yes, but you would most likely have to start as an analyst.
    So, you apply for the grad scheme at the age of 24/25 with the ACA...
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    People seem to think that the ACA is some golden ticket into FO IB roles after doing 3 years of audit at big 4, now I'm not knocking auditors or big 4 firms, but if you think you're going to be headhunted for associate FO positions (ahead or in the same time as analysts) you're completely misguided. Reminds me of all the kids when I was going to uni who didn't get into medicine so studied biomedical science or some **** and went around saying oh well i'll 100% get into medicine as a postgrad. Doesn't work like that.
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    Professional Qualification vs. No professional qualification.

    Job security
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    (Original post by Manchestergraduate)
    I'm actually really excited about starting with40 other graduates and getting an insight into business. Also the Aca is great on a cv and opens many fields. I know people say it's boring work but I'm going to reserve judgement on that until I've started! Considering how competitive it is with graduates, it can't be that bad surely!
    I think it is easy to underestimate how tragically boring audit is. Even other accountants think audit is particularly mind numbing. That said you spend most of the training period working along with loads of other young people, you get an extremely useful qualification and you can always transfer over to another sector after the 3 years is up. Probably a much better way to go than burning yourself out trying to do IB.
 
 
 
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