How to network your way to a Big 4 interview
If you're not at a "target" school for big 4 recruiting, it can be very challenging to get noticed. About 85% of new hires come directly from schools that the Big 4 recruit from on an annual basis. There are a few reasons but it mainly comes down to partner preference. In most cases the firm will target all of the top/major universities in the area, and may do some sparse recruiting from the smaller, less reputable schools. Aside from the great education that top universities offer, the partners also want to hire from schools that the C-Suite of their clients came from.
So what do you do if the Big 4 don’t come to you directly? You have to go to them. This is what I did, and it worked.
In the best case scenario, you have a few recruiting seasons to go through so you have time to develop your network and build relationships. If you are reading this a few weeks before the Big 4 go to other schools to recruit, it could be too late but don’t wait any longer. I will go in much more depth in the Big 4 Blueprint to be released later this month, but here are the key things you need to keep in mind.
You need to forget about the fear of denial and exhaust every opportunity available to get an interview.
I say this because the recruiting season is very short and when it’s over – there are no jobs left over. The big 4 hire a year to a year and a half out. This seems crazy, but I had several friends hired in September to start the January 15 months away. They do this because resource planning is difficult because people quit/get fired so frequently. If you want a good chance at breaking into the Big 4, you are going to have to be ambitious, persistent, and resourceful. The first two places you are going to go are to your accounting professors and the business school career center.
1) Accounting professors
These guys know how hard it is to for the students to get jobs at the school when the Big 4 won’t give them the time of day. They work towards building up the schools program to be “good enough” to have it’s students looked at seriously. They know that the more students they can place in the firms the more they will come back to recruit later on. Explain your situation and hopefully if you’ve been a good student over the years they will be able to pull some strings and send a personal email recommending you. This happens more often than you think.
2) Business School Career Center
The career center’s job is obviously to place the students in employment, and many of the top faculty have similar connections as the professors with top employee’s/partners in the firm. They will offer to look over your resume and also to do mock interviews – and you should go through iteration after iteration until your resume is perfect. I literally went through about 100 different versions (if you include minor tweaks) in a year.
Next you are going to want to reach out to everyone you can. Start with LinkedIn, and do a search of people who went to your school, who are working for the firms that you want to target. Do NOT ask them if they are hiring, but you can tell them that you wanted to find out “how they did it” and how the recruiting process went. You will be shocked at the response you get. These people, especially if they are 1 or 2 years into their career are not far removed from the situation you are in and understand what you’re going through.
If any of the Big 4 have come to do a presentation, get their contact information and send them an email asking about the recruiting process and what they would do if they are in your shoes.
For many of you, this will be the first time in your life – but you are going to do a “cold call.”
You need to look up the number for the office for each of the big 4 in your area, and call them. You will find that many of the Big 4 will list the Campus Recruiters name and contact information online (usually just email). If their name isn’t on there, ask the secretary to talk to the Campus Recruiter. If it is a smaller office there may not actually be designated recruiter and it will be a hiring manager. Discuss with them your interest in the firm and that since they don’t recruit directly from your campus you want to reach out and discuss the recruiting process. Follow many of the same key tips I discuss in this post when speaking with them over the phone.
Lastly, make sure you keep in touch with everyone who you’ve met in the process and don’t be shy. You never know when just emailing them and saying hey how is life turns into “Hope you’re doing well - give me your resume and I’ll send it over to the hiring manager.” This is how connections turn into interviews.
This is a syndication from big4bound.com
The easiest way in is to attend or transfer to a school that the big 4 actively recruits from, for the specific group you are looking to join.
My gf cold-emailed partners with quick success. Within 1 week she had positive responses from at least 1 partner from each of the big4 in our city. Within 2 weeks she had interviewed formally at 2/4 of the big4 in our city. Within 3 weeks she had 2 offers, and was contacted by the other 2 big4 to begin the interview processes.
It was very easy to apply my cold emailing strategy that I used for banking roles (which had a very low success rate) to the big4 (which yielded much better results almost instantly).
It is also worth mentioning that she needed visa sponsorship, had already graduated without a job, and had struck-out with all 4 of the big4 during on campus interviews just a few months earlier.
Based on this experience, I highly recommend that you completely circumvent on-campus recruiting, your career center, and recruiters. Get some balls and go straight to the decision-makers.
I don't mean to sound like a dick...but is this going to become BusinessOasis (BO)? There are other boards/sites dedicated entirely to the accounting world.
when people say "I don't mean to sound like a dick"...
"How to get a big 4 job: get your MSA from a big 4 target." /discussion. I'm not exaggerating when I say 100% of the people I know who did this, got in. 0 of who could even tell you what "networking" means.
Networking is important to Big 4 because you will be working with your team A LOT, you will see them more than your friends/family.
They want people they can work with, why would they risk betting on someone they do not know versus someone they met at a social event?
In Chicago we had a cubic butt-ton of U of I grads with great grades, extracurriculars, etc, interview and limited spots to fill. I don't suggest circumventing the formal process but doing networking on the side helps. It's not I-banking but yes, there are a lot of similarly qualified people going for the same spots.
Is recruiting with Big 4 really that hard? I think people throw it out of proportion to be honest.
The turnover is so high they are ALWAYS recruiting. If you are presentable, somewhat social, and can sit for the CPA you are in pretty much. Again, this is just my view from some of the recruiting events.
If your population is students from the top graduate schools, then no. At that point you've already proven yourself Big 4 material. If your population is students from a good state school, then yes, only a very small percentage make it in. You need a high GPA (3.5 minimum usually, though the official number is typically 3.25), extracurriculars, leadership positions, internships, etc.
Yeah I agree with the above assessment, the cream of the crop get in and the competition can be fierce.
With that said, the Big 4 have many more positions open than what other fields would have but then again public accounting is built on turnover.
What I'm trying to say is, if you have a low GPA but good looks/social skills you can get it versus like IB I don't see that happening. I think just people perceive Big 4 to more competitive than it actually is, but nonetheless, it's still competitive.
you need to network to get into the Big 4, seriously?
yes you are correct
Having actually done a big 4 internship, I can tell you this post is absolutely false. The other people who I've worked with all had to network to get the internship. At the target schools, people had incredibly high GPAs(3.8+) as well as extracurriculars. You should definitely not look down on anyone working at a big 4 especially when you don't know anything.
I'd like to take this opportunity to point out that the Big 4 don't consist entirely of tax accountants, auditors and consultants - we (yep, we) do have sizeable departments with their fingers in activities ranging from restructuring to project finance to MM IB (sans underwriting, of course).
I went to a meeting at a school my group recruits at and followed up after the meeting. After on campus final round I got the job. I love it so far!
The best way to get into Big4, still, is to attend a target school. With decent grade and a strong interest it's not hard at all to get the internship.
any interest in contributing your thoughts as a blogger? pm me
There is a market for accounting forums as well that is not being met. Why wouldn't Wallstreet oasis try to fill the vacuum it will bring more traffic!
I'm at a school that's a target for IB, but doesn't really get visits from the Big 4 (it's an Ivy). Would I be likely to get an interview if I applied online (3.5+ GPA, previous internships in IB and AM at well-known firms) - but without doing any networking?
Assuming you're in UG and are set on wanting to do big 4, I'd say your best bet would be to get your MSA right after graduating. Just make sure it's a program they recruit from (I'm sure this is something that could be found online). Like I said earlier, if you do this and get an internship during the program- you'll get in without a need for networking. I know at least a dozen people who have done this, but per some of the previous comments- perhaps my experience has been unique.
I got an internship offer for audit with a Big 4 by simply applying through my OCR. I mainly got an interview and whatnot because my resume was made for IB and it stuck out to one of the senior managers that glanced through the resume drop. I don't think that networking is all that important, but having a good variety of interests will help you in the accounting recruitment stages. The senior manager that pushed my resume through talked about how he got an offer for a BB IB FT offer back in the day but didn't take it because he wanted "less" hours and my interest in IB was similar to his.
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