In response to our articles profiling the CA policies of Big4 accounting firms, first at PwC and then at Ernst & Young, we received the following anonymous tip from a Deloitte spy:
Look Deloitte is not too far behind. Experienced analysts only earn $2k more a year than grads. Also, if you fail 1 subject you get a warning, 2 subjects a written warning and 3… you’re fired!
You’ll recall that at Ernst & Young, the following was sent to us:
I’d like to mention that Ernst & Young also has the same policy to PwC in terms of failing 2 CA subjects and you’re out. But on top of that, if we fail a subject we owe E&Y $1k (per subject) for study assistance /time off etc. Can you believe it? We already work ridiculous hours to get through the piles of work AND we also have the added pressure of having to study and pass our CA subjects otherwise we could lose our jobs AND owe E&Y $1k! Theres really no such thing as “study assistance” because they’re gonna get their moneys worth anyway. Watch those fancy grad brochures… they are empty promises.
Meanwhile, at PWC:
… There are a lot of extremely pissed of employees at PwC feeling a little bit like indentured slaves that get dictated everything. [First] a … pay cut to take ‘flexible’ leave. [Second]That there is no overtime system anymore (not that TOIL was awesome, but at least it was something). now CA. This firm just does not stop – graduates stay away and make sure you ask questions about how long your are locked in for if you want to do CA! PwC can now fire you if you fail 2 subjects. It’s all under the ‘policy’. Payraises were so bad this year that 2nd year accountants are only being paid $1k more than 1st years.
Does anyone care to send us the KPMG policy (that way we’ll have each of the Big4)?
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