Why It May Be Time for You to Leave the Big Four | Michael Page (2024)

You’re an excellent accountant. You have some experience, and you have landed a role at one of the biggest companies in the industry – Ernst & Young, Deloitte, KPMG, or PwC. After some time there, you’re wondering if it may be time for a change.

There are many reasons you may be weighing your options, and all of them are valid. From upward mobility to work/life balance, there are just some things that working in the “Big Four” simply does not deliver.

Here are a few reasons you may want to consider leaving the Big Four.

You’re Tired of Working Late

The Big Four are notorious for their late nights. When it comes to work-life balance, they typically score low on employee satisfaction surveys. This is because their hours are long, and they tend to demand a lot. While a good job is a challenging one, there is a limit. One employee even alleged that if you’re talented, these companies will give you more responsibility without additional pay or a promotion.

Work-life balance is more than just a hot topic – it has an impact on your health. Stress from work can lead to heart problems down the line, in addition to the toll it takes on your mental wellbeing. So, it’s important to be able to leave the office at a reasonable time after a hard day’s work.

If you’re finding that you’re spending too much time at the office and that you’re not being properly rewarded for it, it may be time to reevaluate your options.

Opportunities are Scarce

If you’ve found that you’re having trouble making a career move within the Big Four, you’re not alone. According to one of our expert consultants who places candidates in this industry every day, people who have Manager or Senior Manager titles start to price themselves out of the market.

He says that in his experience, companies outside of the Big Four tend not to hire people with Manager titles from within the industry because they lack certain experience. While they have impressive audit experience, they may not have the operational accounting skills these organizations are seeking.

For this reason, we believe that the best time for Big Four accountants to move outside of the industry is when they achieve a Senior job title and have spent two to four busy seasons in the role. It’s oftentimes much easier to make a move from the Big Four to Senior Accountant/Senior Analyst or a Managerial role at another business.

You Crave a Different Atmosphere

Big Four firms look fantastic on your resume. There’s no denying that. But from a daily standpoint, they may not be giving you the company culture you want.

Once you’re looking to make a transition, you can take the impressive experience that you’ve gained and use it to land a job in one of the most interesting industries out there – media.

Media companies produce the exciting, relevant content that everyone talks about -- from television networks, to streaming services, to websites of all kinds. The industry is dynamic and fun, with a corporate culture to match.

Most media companies put a focus on work-life balance. They often have very generous benefits packages, with plenty of vacation and sick time included. This is not exclusive to media, but the industry was an early adopter of this mindset.

So if you’re dissatisfied with your current accounting position and want to explore some other options, you can reach out to one of our expert recruitment consultants today. You can also browse our job listings, and a consultant will reach out to you once you choose to apply.

Why It May Be Time for You to Leave the Big Four | Michael Page (2024)

FAQs

Why do people leave the big four? ›

The Big Four are notorious for their late nights. When it comes to work-life balance, they typically score low on employee satisfaction surveys. This is because their hours are long, and they tend to demand a lot. While a good job is a challenging one, there is a limit.

When should I leave Big 4? ›

Whether you joined a Big 4 as a springboard for your career or were set on making partner, we generally advise professionals to make a move around three to six years of experience, in order not to leave either too early or too far into their Big 4 career.

What is meant by Big 4 experience? ›

The "Big 4" refers to the four largest accounting firms and includes Deloitte, PwC, KPMG, and EY. All four companies provide audit, assurance, consulting, financial advisory, risk management, and tax compliance services. Deloitte. "Deloitte Ranked 6th on World's Best Workplaces 2023."

Is it bad to leave Big 4 after 1 year? ›

If you do not reasonate with the work and don't see a future for yourself in an organisation, it's absolutely ok to leave at any point of time. However, one year might be too soon to make that decision as it takes time to understand, explore and get used to the work especially in a Big 4.

What to do when leaving Big 4? ›

Talk to recruiters and form relationships. There are different recruiters for different career paths, start to reach out to those recruiters. You want to form real relationships with these folks. I have ongoing relationships with 3-5 recruiters that I connect with regularly.

Why was Big Four important? ›

Though nearly thirty nations participated, the representatives of the United Kingdom, France, the United States, and Italy became known as the “Big Four.” The “Big Four” dominated the proceedings that led to the formulation of the Treaty of Versailles, a treaty that ended World War I.

Should you stay at Big 4? ›

Even if you stay for only a couple of years, having a Big 4 name on your resume can lead to more career opportunities for you down the road. Working in a Big 4 firm may also allow you to network with a diverse group of accountants, including both entry level and partnership track colleagues.

Should I leave Big 4 as a senior or manager? ›

If it's not impacting your wellbeing in a material way, staying until manager can be helpful in advancing your career quicker in general. Leaving as a manager puts you into manager positions or higher when you leave which is a whole different rung than being in a senior position.

Who is No 1 in Big 4? ›

In general, PwC and Deloitte are considered the most prestigious of the Big 4. If you ask most people about prestige, they'll probably rank PwC/Deloitte > EY > KPMG. This is reflected in pricing, for example. Big 4 will compete with each other on pricing.

How to answer tell me about yourself for Big 4? ›

Tell Me About Yourself

For example, you might talk about your journey from University to where you are today, and what motivates you. They want to know what has brought you from where you've been to why you're sitting in front of them. It is the perfect opportunity to tell them why you want the job.

Which Big 4 is most prestigious? ›

PwC is considered the most prestigious due to its position as the largest professional services firm in the world by revenue.

What is an example of the Big Four? ›

The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue.

Is it okay to quit Big 4? ›

Whether you joined a Big 4 as a springboard for your career or were set on making partner, we generally advise professionals to make a move around three to six years of experience, in order not to leave either too early or too far into their Big 4 career.

Is 4 years too long in a job? ›

In general, recruiters like to see someone who has spent at least two years with a company. And ideally, it's about three to five years, said Matthew Warzel, a former recruiter who founded career counseling firm MJW Careers. For most industries, that range tends to be the sweet spot.

Is it unprofessional to leave a job after 4 months? ›

There's no harm in realizing that a job is not a good fit after 4 months. It is better to leave sooner than later. This will help the company find someone who is a better fit. It also helps the company avoid spending additional funds and time when it comes to training you.

Is Big 4 still prestigious? ›

Big 4 Consulting

Consulting jobs are considered more prestigious and offer a higher average starting salary. You also enjoy better exit opportunities and a broad exposure to business strategy.

What is the average age to make partner at Big 4? ›

The average age of a new partner at the Big 4 firms has fallen to 33-35, from 38-40 just 4-5 years ago, according to estimates. An average 35-40% of all partners in these firms are below 45 years compared to 30% 2-3 years back.

What is the retirement age for the Big 4? ›

The main reason for this is that most CPA firms require equity partners to sign a formal partnership agreement. In the Big 4, typical retirement age is 58 to 60. For local and regional firms it's 65 or 66.

Why the Big 5 is now the Big 4? ›

The Big 5 eventually became the Big 4 following the scandal involving accounting fraud at the energy company Enron.

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