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PwC High Apprenticeship London Audit and Assurance- Applied to all Big 4 exc KPMG watch

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    Hi Everyone,
    I'm usually the type of guy that just googles and reads threads on TSR and other websites. Never really had to make an account till now

    Here's my scenario: I'm starting the Higher Apprenticeship with PwC in Sep 14 and just got my A-level results (3Bs, which i'm frustrated about but nevermind). I have passed pre-employment scans so my position is confirmed.
    I will be working at the biggest firm for financial services and auditing massive clients, whilst studying towards my professional qualification. In two years I will be studying towards a audit practice level 4 Diploma and complete the CFAB (Certificate in Finance And Business). Furthermore, after this I will be able to go and complete the "mighty" ACA.

    Now, I am happy with my position. I feel it's a great opportunity and the salary is nice.... to say the least
    However, the one thing i can't get out of my head- "You won't have a degree".
    Can someone please explain the opportunity cost and whether it is worth sacrificing a degree for. Also, the pay rise per year is quite high, although i am not sure. Rule by thumb is (at a big 4) in 3 years I will be on double what I am now... for the age of 21 that will be crazy (excluding bonus!).

    I am also here to offer advice. Anyone that feels a career in financial services is for them and wants to avoid 60k debt plus get unbelievable experience and opportunity ask away. I applied to all the big 4 exc KPMG.
    Got offers but accepted PwC. But I warn you this: This is not for drop outs or a second route for those who did not do well. Yes, the entry requirements are 280 Ucas points and B in GCSE maths and eng lang, but the entry process is grueling and you fail at once competency you're out. So take it from me- This is for those that are determined.

    Thanks for reading this fat post. I'm here to help and also any advice comments will be nice. I guess just need reassuring.. the internet can be a cruel place of doubts and deception:eek3:
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    Hi,

    I'm joining Deloitte on their school leaver scheme next Thursday. I don't think the salary doubles in three years. I think that's the 'rule' if your a graduate and qualify in 3 years. For us, I believe the salary will double by the end of the 5 years (when you qualify). Even still, £40,000 isn't bad for a 23 year old.

    I was the same as you, I applied to all the Big 4 except KPMG. I was seriously considering applying to KPMG about a month ago because I was concerned by the lack of degree however, I was advised to plough on with Deloitte by a few people who said there isn't really much point in doing a degree in Accountancy as the CA qualification supersedes this in the world of accounting and outside accounting, the accounting degree isn't that useful plus Deloitte has the football clients and you qualify a year earlier. Even still, I'd like to have the option of a degree when I've finished just in case I want a career change. I'm thinking of emailing uni's to ask about entry on to their MBA programmes. I know some of them let you in without an undergraduate degree but with relevant experience and others allow you in with equivalent qualifications. CA + MBA would be better (in my opinion) than CA + Bsc Accountancy (KMPG) so I wouldn't worry too much about not having a degree at the moment. You also get more work experience in the 5 years at Pwc, Deloitte and EY than you do in the 6 with KPMG.
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    (Original post by toejoeson)
    Hi,

    I'm joining Deloitte on their school leaver scheme next Thursday. I don't think the salary doubles in three years. I think that's the 'rule' if your a graduate and qualify in 3 years. For us, I believe the salary will double by the end of the 5 years (when you qualify). Even still, £40,000 isn't bad for a 23 year old.

    I was the same as you, I applied to all the Big 4 except KPMG. I was seriously considering applying to KPMG about a month ago because I was concerned by the lack of degree however, I was advised to plough on with Deloitte by a few people who said there isn't really much point in doing a degree in Accountancy as the CA qualification supersedes this in the world of accounting and outside accounting, the accounting degree isn't that useful plus Deloitte has the football clients and you qualify a year earlier. Even still, I'd like to have the option of a degree when I've finished just in case I want a career change. I'm thinking of emailing uni's to ask about entry on to their MBA programmes. I know some of them let you in without an undergraduate degree but with relevant experience and others allow you in with equivalent qualifications. CA + MBA would be better (in my opinion) than CA + Bsc Accountancy (KMPG) so I wouldn't worry too much about not having a degree at the moment. You also get more work experience in the 5 years at Pwc, Deloitte and EY than you do in the 6 with KPMG.
    Thanks a lot. I see! Congratulations for landing Deloitte.. I was quite torn between the two I guess not a huge difference anyway.

    Yes, the doubling salary in 4-5 years seems more appropriate, and taking into account I am eligible for a "discretionary" bonus per year
    The salary does still increase considerably per year, and especially after each exam. I guess a degree option isn't completely out of the spectrum in the future. I like the idea you said about contacting uni's for an MBA course
    Thanks for the advice
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    (Original post by HMAN123)
    Hi Everyone,
    I'm usually the type of guy that just googles and reads threads on TSR and other websites. Never really had to make an account till now

    Here's my scenario: I'm starting the Higher Apprenticeship with PwC in Sep 14 and just got my A-level results (3Bs, which i'm frustrated about but nevermind). I have passed pre-employment scans so my position is confirmed.
    I will be working at the biggest firm for financial services and auditing massive clients, whilst studying towards my professional qualification. In two years I will be studying towards a audit practice level 4 Diploma and complete the CFAB (Certificate in Finance And Business). Furthermore, after this I will be able to go and complete the "mighty" ACA.

    Now, I am happy with my position. I feel it's a great opportunity and the salary is nice.... to say the least
    However, the one thing i can't get out of my head- "You won't have a degree".
    Can someone please explain the opportunity cost and whether it is worth sacrificing a degree for. Also, the pay rise per year is quite high, although i am not sure. Rule by thumb is (at a big 4) in 3 years I will be on double what I am now... for the age of 21 that will be crazy (excluding bonus!).

    I am also here to offer advice. Anyone that feels a career in financial services is for them and wants to avoid 60k debt plus get unbelievable experience and opportunity ask away. I applied to all the big 4 exc KPMG.
    Got offers but accepted PwC. But I warn you this: This is not for drop outs or a second route for those who did not do well. Yes, the entry requirements are 280 Ucas points and B in GCSE maths and eng lang, but the entry process is grueling and you fail at once competency you're out. So take it from me- This is for those that are determined.

    Thanks for reading this fat post. I'm here to help and also any advice comments will be nice. I guess just need reassuring.. the internet can be a cruel place of doubts and deception:eek3:
    Well done for securing your Higher Apprenticeship with PwC - it's quite an achievement! What made you choose between PwC and the other three offers?

    I am also thinking about applying to the big 4, plus BDO, Baker Tilly and Grant Thorton for 2015. How did you revise for the online tests? Also, do you remember when PwC opened the application process for the apprenticeships?

    Thank you
 
 
 
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