Big 4 financial services auditor getting cold feet about exit opps

Hi Guys,

I recently started at a Big 4 accounting firm doing financial services audit. I originally thought it would be the perfect way to move into a "real" finance job coming from a non-target school with just "okay" grades. However, the more I think about it I feel like I may have set myself up for a career in a back office position that I'm really not interested in.

I double majored in finance and accounting, and at the time of my job search the economy was spiraling downwards and out of fear I took the first offer that came to me, with a B4 firm. I have always leaned more towards the finance side of things and I ultimately want to work in an area such as Asset Management or business valuation. However, due to understaffing at my firm I've found myself doing a lot of SOX work that I have ZERO interest in doing. I'm worried that by B4 experience is going to veer towards the SOX/internal audit side of things and I won't be qualified for the more finance oriented, "front office-ey" things I am exponentially more passionate about.

I've taken and passed two of four sections of the CPA exam, I plan on taking the remaining two by spring, and I expect to take CFA Level 1 next June. I am still confident because my Big 4 position gives me an all-access pass to a very large and well-respected financial firm in NYC, and I am learning things as an auditor that I would never learn as a peon on the inside. I can't help but think, though, that even with my soon-to-be credentials under my belt I an going to be pidgeonholed into some miserable position I would never have even dreamed of during college.

Has anybody else been in this position? I know the push at Big 4 is all about exit opportunities, but I've just been feeling pretty pessimistic lately about what those opportunities actually will be.

4 Comments
 

Do a search, Big 4 exit ops have been discussed on here a lot.

Short version is that it's possible though very hard to move to a front office position from audit. Transaction-related and valuation groups do better but still no guarantee. CFA is a good start but you're going to need to prove you have modeling and valuation skills that an auditor doesn't learn on the job.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

I have the EXACT same question. Would like more info too!

Basically, I go to a semi-target state school and will be working at a Big 4 in Audit. My GPA wasn't great and thus, was really discouraged by the competition for Finance jobs (especially asset management and ibanking). So yeah, I have the same questions as Jack.

Thanks!

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