After six months of calling myself a qualified accountant, I have recently made the move from Big 4 practice into industry. This blog intends to cover the trials and tribulations of leaving behind the familiar checklists for a future unknown. And, hopefully document my career progress through to my ultimate goal - FD.
Three weeks in
So far so good. Have been getting around the business, understanding how it works and meeting people. Which I thought was what I'd been doing in audit - however I now realise that wasn't exactly the case. Being in the business now rather than looking in, I'm finding that some nice differences:
- People are more willing to invest time in showing you what they do, and how their part of the business works (Imagine this is because it's seen as more of a long term investment rather than a two week visit from an auditor who may or may not be seen again).
- People, including management are asking for my opinion.
- Everyone is willing to highlight what they don't think is right, or where they need help (obviously doesn't happen in audit!)
And I'm wondering if it is these sorts of things that make for a nicer working environment, while things in audit can feel a bit fraught and routine, no matter how much of a personal relationship you have built.
Not much else to say at this stage - first month end next week so I'm sure that will be an experience...
John asked a good questions on my initial blog post so I thought I'd answer that here also:
What was it that impelled you to leave the Big Four behind. Was it really the sweatshop environment that some make it out to be, or were there other reasons for your departure?
I spent just under four years in Big 4 audit, and in those years I definitely felt up and down at different times about my intentions. In my first few months I was going all the way to Partner. Year 2 it was leave as soon as qualified, Year 3 got better and I thought - stay until maybe Manager. But in the end, for me personally the decision came down to this:
30% the audit environment (internal). A sweatshop environment but I never felt appreciated, I felt like the people pulling all the strings were so far removed that they probably didn't even have an appreciation for the fact that the documents they've just flicked over on monday morning took my entire weekend. Goalposts for forever being moved, and when turnover and margin dipped in our office the promotions slowed down too. I also found it to be very much like high school - if you weren't in the "in crowd" getting drunk when you weren't auditing, you just weren't anyone. I also found internal review processes very onerous, and made client relationships more difficult than they already were.
30% the audit environment (external). Put simply, I became very tired of having to constantly apologise to clients for just trying to do my job. Always with the negative label of "the auditors", nobody ever had much time for you and to anyone who hasn't done it - yes we are VERY aware of the fact you don't want us there, and it does grind you down day in day out.
30% the work itself. For me personally, I enjoyed learning about financial statements and statutory disclosures. But then became tired of it, and wanted to start learning some more commercial finance aspects - management accounts, interpreting and acting on results, etc. Looking into the future, I want to become an FD - not an audit partner.
10% work life balance. I don't expect to work a standard 40 hour week to progress my career - I am realistic. But, I hated the fact that it was virtually impossible to receive a good performance rating without abandoning all evenings and weekends for weeks on end.
Thanks for reading and I'll comment some more on my first month end in a week or so.
PS - I've followed CEO's diary for a long time and find his perspectives and experience very interesting.