I am a senior accounting student. Recently I got an offer from Accenture Shanghai( I am a international student studying in the U.S). It is an entry-level consultant position. Accenture gave me limited time to decide whether to accept the offer or not. Since I am graduating in December and I was an intern for one of the big 4 accounting firm, I am very likely to get an full-time offer from the big 4 firm, and the position is based in the U.S.
My plan is going to graduate school in the U.S (most likely MBA program) after working full-time for several years and develop my career here in the U.S. So I cannot decide which way to go at this time. Because except for the potential big 4 accounting position, it is possible for me to find other full-time jobs in the consulting field(can't get in top-tiers, but possibly boutique consulting firms). Will people in the U.S. value full-time work experience in Accenture shanghai? Or Should I negotiate to just get an internship in Accenture and keep looking for jobs in the U.S?
Any suggestions are welcome! Thanks in advance:)
Accenture vs Big 4
Here the distinction is made between accounting and consulting practices at big 4 and Accenture.
Couple things that I don't agree with here.
1) I used to be in audit before getting my MBA, so I can chime on some myths:
Big 4 Audit + CPA doesn't equal upper middle class lifestyle ($100K+) on a 9-5 schedule. That's so untrue. To make $100K with an accounting degree that would require 5-7 years of experience. Also, as you move the ladder in Big 4 and in Industry, you tend to work more hours.
2) Deloitte Consulting = Accenture Consulting> PwC Advisory. Deloitte and Accenture pay 20-25% more than PwC.
3) You can't just switch to advisory from Audit in a BIG 4. This is very unlikely. You will need to be on the upper tier of ratings, and know a partner or two who wants you in Advisory.
My take is, if you want to do consulting, go with a Consulting position. If you don't know what you want, then flip a coin.
from certified user @TopDGO
Thanks to johnnie.welker for clarifying a lot of the misinformation.
Let's clarify, Big 4 Accounting = Big 4 Tax or Audit.
Big 4 Consulting = Big 4 Consulting.
Let's also clarify, Arthur Anderson consulting shut down post-Enron and we got Accenture and Deloitte Consulting. When you compare Deloitte and Accenture you have to take into account where within you are working and where in the world you are working. Consulting companies are not like a Fortune 500 manufacturing company. They are disjointed trees of partnerships. Deloitte may have an aerospace practice in their Seattle office that is better than any MBB aerospace practice in the world. But that doesn't mean that working in their Oracle implementation practice in the Cincinnati office carries the same prestige.
To me your question at this point is much more basic than prestige and brands. Do you want to do accounting? If so, go Big 4. Do you want to do consulting? If so, go Accenture.
Lastly, let's stop furthering the myth that working in Transaction Services leads to jobs in investment banking. That's like saying you can get into Harvard with a 2.0 GPA. I'm sure someone has done it before, but it's damn near impossible.