Forums › ACCA Forums › General ACCA Forums › The truth about intern at big 4 and early years as a junior accountant
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- June 22, 2014 at 10:49 am #177391
I have heard that it is completely opposite for what it may seem to be,You have to write boring long spreadsheets which have little to do with the knowledge of the profession,and you work like dogs,the real good days come only after 4-5 years in the firm
June 24, 2014 at 5:11 am #177512Interesting ! True they make you work like dogs …but real good days come only after 4-5 yrs ? can you explain ?
June 25, 2014 at 10:40 am #177655The Big 4 hire interns with just one thing in mind: Fresh grads doing the dirty work for free. I did an internship at a Big 4 for about 3.5 months in both the Internal & External audit departments and what did they teach me? NOTHING! It was a waste of time to be honest.
June 25, 2014 at 12:37 pm #177663I am seeing lot of Alis in open tuition nowadays.
How come multiple ID is allowed to create in similar name??
Anyway, back to the subject. I am of the opinion that organizations are not coaching centres and there is no teaching but learning and gaining experience takes place there.
What do you expect the companies to provide you with during the initial days of your stint with them, when you have no experience on anything other than the possession of skill on how to pass exams. I think It takes a newly passed member (fresh) at least a year to get rid of the hangover of exams he/she did prior to a job. The mind is tuned to respond and will have a pattern of process that you continuously and rigorously do over a period of time. Due to this he/she tends to compare every situation in the work place with the exam and study and expect every syllabus point he/she studied will emerge in the work place on a regular basis. This is highly unlikely. For eg. If you expect to appraise a project , from NPV /APV or other investment appraisal methods in a report format at the work place in the early days, then those individuals don’t live in reality.
The job market has become fiercely competitive. you have to work hard to prove that you are reliable and has the ability to perform. It may be too early for you to decide whether or not what you do is important and/or value addition or anything to do with the profession for which you have studied.
A management lesson goes like this:-
” A crow sat on a tree doing nothing… When a rabbit thought to do the same & sat on the ground a fox came and ate him.”MORAL: To sit and do nothing you need to be on the TOP.
To reach the top, you have to overcome lot of hardships.
June 30, 2014 at 1:25 pm #177890Sathjyot, I totally agree with you.
I work in a law firm and for the last year I had been trying to train up a junior with no previous accounts work experience but studying for her AAT at night school, where I gather she has been doing very well.
Over the last nine months she did not want to learn anything, partly because most of the work I gave her was “beneath her” and in addition it was not how she was taught at night school.
I tried to explain that night school was pure theory and each type of business was different and would have to adapt the rules (for example in Law firms we have to follow the Solicitors Accounts rules in addition to everything else) but she would not listen.
She left after 9 months of a 1 year contract (it was maternity cover and it now turns out my old assistant is not coming back and so the job would have been full time). I hope she finds what she is looking for.
Luckily for me I quickly found a replacement who is excellent.
July 5, 2014 at 1:21 pm #178197Sathjyot: I disagree with your assessment that senior management can sit at the top and be lazy. Sure, they are allowed to, but in the end they are still accountable to their own bosses and if that’s not the case, then their shareholders/the board. Fact of the matter is senior managers usually are hard workers (though perhaps their compensation is excessive). And they are intelligent and experienced enough that you wouldn’t want them doing intern work.
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