what happens to all the normal people who work in the big 4?
It's no surprise that many top non-elite universities are absolute big 4 factories (think UCLA) who have no issue with sending hordes of their business and economic students to the big 4 year after year after year.
What happens to all these bodies - do they eventually figure out all the finance jazz and pivot to IB after an attempt in attending an MBA? Are they perpetually stuck in middle management? What is the fate, the true reality, of what happens to all these kids ?
Big 4 is not the end of the world like you're saying... most people don't want to work IB hours and solid six-figure comp is plenty for them. A few lateral to IB, but it's not like there's some exodus to the promised land here.
Most go into finance, accounting, or strategy type jobs at corporates and move up in that world.
My prior company (think prestigious B4, like PwC/DT/EY) has some very fine people. Some of us make the switch to a more prestigious industry (think PE/IB/Law school) while others crush it in the B4 on their way to Partner (think $1m+ sal). Others land in a stable corporate accounting job they're happy with that the average person would find prestigious (think Controller in F100/F500).But make no mistake, they're all wondering what the intern in IB thinks of them
Basically the “state school” version of IB. A small percentage make it up to partner, or out to a more prestigious field. Most folks leave within 2-5 years to industry, and slowly work their way up while living a solid upper middle class life.
Not a bad life for those who value stability, but I heard it can be very boring.
A lot of folks make it to the CFO level. Partner at a big-4 can be a great gig as well...you don't work as hard and inherit a lot of legacy accounts
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