Jacob Phillips
Jacob Phillips
  • Видео 150
  • Просмотров 256 661
The Real Earnings of a Big 4 Accountant
What is the real salary and bonus of an associate, senior associate, manager and partner in Deloitte, PwC, EY and KPMG. On top of this in this video the career progression in the big 4 is outlined, from starting out as an associate and how you can progress all the way to a partner at the big 4. This video also explains the different incentives of being in the big 4 such as an interest free £7,000 loan to help with a yearly railcard and how the big 4 offer a free professional qualification.
Chapters:
0:00 Introduction
0:38 Career Progression
1:36 Associate
4:02 Senior Associate
6:32 Manager
8:49 Partner
11:38 Incentives
Recommended PE book: amzn.to/3WSLcWm
Linkedin: www.linkedin.com/in/jacob-philli...
Просмотров: 4 589

Видео

What Is It Like to Work In The SQUARE MILE LONDON (TOUR)
Просмотров 1,3 тыс.2 месяца назад
I tour around the City of London, also known as the Square Mile in London. In this video I tour around the different corporate offices in the City of London including Goldman Sachs new European head office, Deloitte's UK office and others including LexisNexis and Bloomberg. Additionally, I tour around St Pauls Cathedral and the different places to eat including Gordon Ramsay's Bread Street Pizz...
You Should Work In CANARY WHARF (TOUR)
Просмотров 3,2 тыс.2 месяца назад
Canary Wharf London Financial Centre Tour. I tour around the financial companies in Canary wharf such as Barclays, HSBC, State Street, EY, and Fitch Ratings. I also go on to tour around Wood Wharf where there are several apartment blocks such as One Park Drive, 10 Park Drive, Maine Tower, Pierpoint building, New Providence Wharf, Crossharbour Plaza and Park Drive. These are canary wharf apartme...
You Should Live in BATTERSEA POWER STATION (TOUR)
Просмотров 5 тыс.3 месяца назад
Full tour of Battersea Power station including a look at Battersea power station apartments from the outside and a preview of the inside of a 1-bedroom apartment. I take a look inside of Battersea Power station shopping centre which is home to a large Apple store, Gordon Ramsay's Bread Street restaurant, and lift 109 which is a lift taking you to the top of the Battersea power station in the No...
How Hedge Funds Make Money: Fee Structures Explained (High Water Mark, Hurdle Rate, etc)
Просмотров 4183 месяца назад
Hedge Funds make a lot of money but how? In this video I describe the basic fee structure a hedge fund applies. Hedge funds use a "2 and 20" model fee structure where the management fee is 2% (used for office, salaries and other administration) and a performance fee of 20%. I further break down how a performance fee is paid to limited investors. This is through a high water mark or hurdle rate....
Introduction to Hedge Funds: What are they and how they work
Просмотров 3723 месяца назад
Welcome to our latest video, "Introduction to Hedge Funds: What Are They and How They Work". In this comprehensive guide, we dive deep into the world of hedge funds, demystifying these complex investment vehicles for both beginners and seasoned investors. We begin by exploring what a hedge fund is, providing a clear comparison with traditional investments and other alternative assets. You'll ga...
How do investment banks really make money?
Просмотров 9333 месяца назад
Welcome to our deep dive into the world of investment banking! In this video, we'll uncover the secrets behind how investment banks really make money. If you're curious about the mechanics of the investment banking division, equity underwriting, debt underwriting, and advisory services, this video is for you! We begin by exploring the investment banking division and its core functions and reven...
Hedge Fund UK SALARIES Exposed (Base Salary, Bonus, Career Progression)
Просмотров 2,8 тыс.4 месяца назад
Unlock the secrets of career progression in the UK hedge fund industry! In this video, we delve deep into the roles and responsibilities of professionals at various levels, from analysts to portfolio managers. If you're curious about hedge fund salaries, bonuses, and career paths, this is the video for you. What You'll Learn: Responsibilities of Analysts, Senior Analysts, Sector Heads, and Port...
Investment Banking UK SALARIES Exposed (Career Progression, Base Salary, Bonus)
Просмотров 9 тыс.6 месяцев назад
How much do people get paid in Investment Banking in the United Kingdom (UK)? Here I talk through the career progression (analyst, associate, vice president, director, managing director), base salaries and bonus of industry professionals in the investment banking industry in the UK 0:00 Introduction 0:45 Career Progression (Analyst, Associate, etc) 3:28 Base Salary 6:53 Bonus My favourite PE bo...
Private Equity UK SALARIES Exposed (Base Salary, Bonus, Carried interest, Perks and Benefits)
Просмотров 2,6 тыс.6 месяцев назад
How much do people get paid in private equity in the UK? I talk through the base salary, bonus, carried interest, perks and benefits of industry professionals in the private equity industry in the UK. 0:00 Introduction 0:45 What is Private Equity (Funds, Limited Partners) 1:58 Career Progression (Job Titles) 2:59 Base Salary 4:50 Bonus and Carry 7:51 Perks and Benefits My favourite PE book: amz...
How to get a SUMMER INTERNSHIP (Interviews, online tests, job search tips)
Просмотров 4336 месяцев назад
How to get a SUMMER INTERNSHIP (Interviews, online tests, job search tips)
Distressed Private Equity Explained
Просмотров 7667 месяцев назад
Distressed Private Equity Explained
What is a MANAGEMENT BUYOUT (MBO): Private Equity Explained
Просмотров 9847 месяцев назад
What is a MANAGEMENT BUYOUT (MBO): Private Equity Explained
ENRON Scandal Exposed: The TRUTH Behind Corporate Governance Failure
Просмотров 1,1 тыс.8 месяцев назад
ENRON Scandal Exposed: The TRUTH Behind Corporate Governance Failure
Private Equity LEVERAGED BUYOUT (LBO) Explained
Просмотров 1,2 тыс.8 месяцев назад
Private Equity LEVERAGED BUYOUT (LBO) Explained
The Collapse of Carillion: Inside the Financial Scandal
Просмотров 2 тыс.8 месяцев назад
The Collapse of Carillion: Inside the Financial Scandal
Fund of Funds Explained
Просмотров 5078 месяцев назад
Fund of Funds Explained
Private Equity Hours London: Inside the World of Private Equity
Просмотров 55310 месяцев назад
Private Equity Hours London: Inside the World of Private Equity
Divisions in Private Equity (roles and responsibilities of different teams)
Просмотров 38210 месяцев назад
Divisions in Private Equity (roles and responsibilities of different teams)
So how do Private Equity make money? (Management Fee and Carried Interest)
Просмотров 88711 месяцев назад
So how do Private Equity make money? (Management Fee and Carried Interest)
The Ultimate Guide to PRIVATE EQUITY and VENTURE CAPITAL
Просмотров 43811 месяцев назад
The Ultimate Guide to PRIVATE EQUITY and VENTURE CAPITAL
Real Estate Private Equity Explained
Просмотров 4,4 тыс.11 месяцев назад
Real Estate Private Equity Explained
I worked in private equity for placement year
Просмотров 1,3 тыс.Год назад
I worked in private equity for placement year
Top 5 Restaurants in CANARY WHARF (Bokan, Platform, Gaucho, Hawksmoor, The Ivy)
Просмотров 3,2 тыс.Год назад
Top 5 Restaurants in CANARY WHARF (Bokan, Platform, Gaucho, Hawksmoor, The Ivy)
My 6am productive day studying | Final Year Loughborough University Student
Просмотров 625Год назад
My 6am productive day studying | Final Year Loughborough University Student
I made 6 MISTAKES on my university placement year
Просмотров 389Год назад
I made 6 MISTAKES on my university placement year
I Lived in a £980,000 London House as a Placement Student
Просмотров 566Год назад
I Lived in a £980,000 London House as a Placement Student
How To Secure a University Placement Year
Просмотров 6 тыс.Год назад
How To Secure a University Placement Year
Why You Should Take a University PLACEMENT YEAR
Просмотров 1,2 тыс.Год назад
Why You Should Take a University PLACEMENT YEAR
Placement Year Salaries - How Much Do You Get Paid As A Placement Student?
Просмотров 3,2 тыс.Год назад
Placement Year Salaries - How Much Do You Get Paid As A Placement Student?

Комментарии

  • @sparkiegaz3613
    @sparkiegaz3613 6 часов назад

    Right next door to a smelly waste recycling plant 😂😂😂😂😂😂😂

  • @bibo_7
    @bibo_7 2 дня назад

    i go to london every year in the summer its so amazing i go to an apartment. infront of the apartment is battersea park sun gate. im saudi btw

  • @OhoodAlrashed
    @OhoodAlrashed 7 дней назад

    Excellent and clear explanation

  • @kwameopoku3576
    @kwameopoku3576 11 дней назад

    I just found ur channel ur doing gd for urself its good to see a young man focused continue to do well 👍🏿

  • @tommy898s6
    @tommy898s6 12 дней назад

    So the stats for PWC show a higher base salary for senior associate level than manager? Doesn’t make sense to me

    • @jacobphillips1
      @jacobphillips1 11 дней назад

      Apologies for this, it was a mistake on my side. I meant to say £53k pwc manager salary

  • @abdallahbonne
    @abdallahbonne 12 дней назад

    47 for senior associate at pwc but then 43 for manager, is that correct?

    • @jacobphillips1
      @jacobphillips1 11 дней назад

      My mistake, I have looked back in my notes and this was supposed to be £53k. Apologies. I hope that clears it up

  • @theandroids
    @theandroids 12 дней назад

    A lot of these 1 million flats will probably house high end escorts from all over the world...

  • @itaz6276
    @itaz6276 13 дней назад

    Missed senior managers and directors .. then after partner you also have different levels at partnership and responsibilities

    • @jacobphillips1
      @jacobphillips1 12 дней назад

      Absolutely mate, that’s why at the beginning of the video I outlined that there are many more positions. I tried to go over the general ones. Otherwise this video would be 30 minutes😂

  • @mishavoloboev4709
    @mishavoloboev4709 13 дней назад

    What a shockingly top heavy pay scale.

    • @Tom-ih8gr
      @Tom-ih8gr 13 дней назад

      It makes sense I think, albeit does look pretty crazy. Partners are organically creating business. They’re making the money and not everyone can do that. It’s a level at which you are fully able to leave and join other companies. You’re autonomous here. Every level until that, even the managers, are fundamentally worker bees carrying out instructions. Most people can do that if they put the time in and just grind it out. Not everyone can do what partners do. If they could the salaries would be less, as there would be less competition for employees. It’s a free market, they’re not paying that much out of the goodness of their hearts.

    • @jacobphillips1
      @jacobphillips1 12 дней назад

      Very well put!!

  • @RomilCPatel
    @RomilCPatel 15 дней назад

    Why is there such a big comp difference between the US and UK? I’m from the US and I’m always baffled by low London bankers get comped 40% under NY bankers.

  • @officialmasqq_594
    @officialmasqq_594 17 дней назад

    You get to sit on your ass and profit from destroying businesses whilst not even being able to pronounce the word "pantheon" properly? The UK is doomed

  • @AngelaDaniel-k2e
    @AngelaDaniel-k2e 24 дня назад

    From $38k to $46k that's the minimum range of profit return every week I think it's not a bad one for me, now i have enough to pay bills and take care of my family

  • @Lou-jf4rl
    @Lou-jf4rl 29 дней назад

    I went into the wrong career.

  • @andreat.
    @andreat. Месяц назад

    Great place, but too expensive for normal people.

  • @riyaraul
    @riyaraul Месяц назад

    How do you this is true

  • @greenapplelane
    @greenapplelane Месяц назад

    3.7£? That’s it???? That’s only like $5mil …. The median in Upper East side in Manhattan is like $13.8 mil which is a little less than £10.5 mil

  • @duncang7372
    @duncang7372 Месяц назад

    Would you go in the Hamilton Straight again or was one of the other stands that you tried better?

  • @BAAAAR19
    @BAAAAR19 Месяц назад

    Nice video

  • @LynxxMan
    @LynxxMan Месяц назад

    Great video ❤

  • @shaqisumari304
    @shaqisumari304 Месяц назад

    Apple Europe is located there

  • @strengthandlove_
    @strengthandlove_ Месяц назад

    can i ask what my best bet is if i am a 30 year old and want to get a job as a private equity analyst? i graduated with a degree in Adult Nursing 2:2 from Kingston University, no previous finance experience

  • @bromanceme
    @bromanceme Месяц назад

    Some people, who don't actually work in CW, say its a bit sterile and soulless. Personally, I like the corporate aesthetic and love having an office there.

  • @MercurialRed9
    @MercurialRed9 2 месяца назад

    I’m an East Londoner and I’m old enough to remember when Canary Wharf tower was the only skyscraper there. When the area was being developed the people of Tower Hamlets (the borough in which the development sits) were promised luxury housing and jobs. Suffice it to say the housing was too expensive and the jobs mainly went to people from outside Tower Hamlets. So this area is pretty much only for high earners and it completely lacks the character of other areas in London like Camden Town, Covent Garden, Borough Market, Brick Lane, Spitalfields, Shaftesbury Avenue, Soho, Shoreditch, Greenwich, Clapham, Brixton, Richmond, Notting Hill, Hampstead Heath, Stoke Newington etc.

  • @ReformationUA
    @ReformationUA 2 месяца назад

    Lol and it's so weird that Malaysia decided to invest into this place. It'll definitely generate negative income for them 😂

  • @perfectcapital
    @perfectcapital 2 месяца назад

    Who pays back the debt, the firm or acquired company

  • @duaneowens7777
    @duaneowens7777 2 месяца назад

    Wow that is cool . What are your average salary in finance

  • @GentlemanGaming1122
    @GentlemanGaming1122 2 месяца назад

    First Comment 🏆 19/08/2024 🫡💯🗣🔥

  • @aa7771jw
    @aa7771jw 2 месяца назад

    Hi, I am a computer science student and I have a question. For the placement year did you do any certifications (e.g. from Microsoft or Google) before applying? I am not so sure about the requirements. What I do know is that my university told me to work on my CV/portfolio. Do we need some sort of prior learning e.g. a certificate from the likes of Microsoft or something similar etc?

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Hi there, I didn’t do any certifications for placement year. The only thing I did for a few was read around about the industry I could be working in. So I went into private equity and I bought a book to read about it. I hope that helps :)

  • @destinyimoh5539
    @destinyimoh5539 2 месяца назад

    Can you make a video on the salary progression for those working for the Big 4 Consulting Firms please?

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Absolutely 👍 I have a big 4 accounting salary coming soon but I will do consultancy after

    • @destinyimoh5539
      @destinyimoh5539 2 месяца назад

      @@jacobphillips1 Can you do one for Deloitte,EY,KPMG and PWC for the Big 4?Can you also make a video for the higher ranked consulting firms Bain, BCG and McKinsey and company? Lastly, can you explain the perks and benefits of working for each firm? I’m sorry if I’m requesting too many things.

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      No worries, absolutely! Always looking for video suggestions, thank you mate!

  • @ZakiRynne-ou2el
    @ZakiRynne-ou2el 2 месяца назад

    I have a question, what are roles in banks that need tech experience and python knowledge, because i am interested in both finance and tech

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Data analytics instantly springs to mind in most banks. But a lot of roles already incorporate a lot of tech. For example, PowerBI is used a lot in industry

  • @martinvegas1327
    @martinvegas1327 2 месяца назад

    Finsbury Circus👍

  • @maria0036
    @maria0036 2 месяца назад

    Nice video! When did you record it?

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      This video was from a couple of weeks ago. Glad you enjoyed it

    • @maria0036
      @maria0036 2 месяца назад

      @@jacobphillips1 Ohh I was confused because there is a Christmas tree at 4:20😂

  • @melboi8750
    @melboi8750 2 месяца назад

    Hey Jacob! I'm a non-native English speaker, and I'll be coming to the UK for my master's. I want to work in Private Equity. Do you think having an accent would be an issue for this job? Do you know anyone in a similar situation

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Hi mate, an accent is absolutely not an issue. When I worked in mid market PE lots of people had accents.

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Absolutely not, accents are perfectly fine to have in the industry

  • @vaibhavsajgure4663
    @vaibhavsajgure4663 2 месяца назад

    Hey Jacob, your videos are really helpful can you just give me your linkedin profile so that i can connect there.

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Hi mate, glad you enjoy the videos. My LinkedIn is in the description

  • @UniversalMusicLtd584
    @UniversalMusicLtd584 2 месяца назад

    🔥vid. and just so you know gherkin and walkie talkie r two different buildings

  • @dcoughla681
    @dcoughla681 2 месяца назад

    Some notes which I think may help interns & newbies: Recommend the following for working in London in financial services: Clothes - get a navy jacket (that’s everyone) - it goes with everything, any time, anywhere Evening clothes or corporate event clothes can be hired if needed Timpsons is currently doing free dry cleaning for those who are unemployed (includes students) & going to an interview. Go to your local store with proof of an interview eg email with appropriate interview clothes and you’ll get it done for free. For your desk drawer: Ensure your desk drawer has a secure lock on it that works. Lock the drawer at night when you go home Spare home key Always keep a pen that works in your jacket pocket. ALWAYS. Never a biro A notepad for that first meeting Spare chargers A spare shirt or top - in case you spill drinks over the one you’re wearing Kitchen towels, paper tissues, clothing wet wipes Raid the stationery cabinet - spare block of paper, pens, pencils, rulers, eraser, notebook, bull dog clips If there’s a whiteboard, ensure the marker & eraser work Familiarise yourself with how the phones work & ensure you have a sheet with the team phone numbers on the wall An umbrella A bottle of water A bag of nuts in case you have to work through lunch Print out your work on a Friday - always say it’s a draft until it isn’t. Plasters Toothbrush, toothpaste and comb Cash (about a tenner) A torch An up to date passport - keep details elsewhere in case you lose it If you’re going on a flight, print out a copy of your boarding pass in case tech fails at the airport Call/email payroll to ensure they have your name, ID, National Insurance number, P45 if you have a previous job (without it, you could be charged emergency tax) & bank details so you get paid soonest Copy & save your expense receipts, check limits, exemptions and cut off date. If you’re asked to courier out a client document, check with the courier company that it has arrived. If so, call the client’s secretary to say it has arrived, it’s urgent and that reception/post office/security should bring it up. Let your line manager know that it’s arrived. Most couriers deliver to offices on the ground floor when the recipient could be on the 22nd floor. If you don’t do this, your urgent client document may go through the regular postal system & take about a day to arrive. Clients prefer paper documents that they can hold in their hands and scribble all over them. If a group photo is taken, the most important person (the big boss) will be seated in the centre. Try to take up the seat relatively close to your manager but don’t, of course, be in the centre. The least important people in a photo are at the sides. Chin up, chest up, slight angle towards the centre & look straight ahead. Hands clasped in the lap & no arms folded. The most important people in the office are: IT - If they’re in house, make friends with the IT people & show them respect. If they’re located in the building, buy them a coffee, be on first name terms & check in with them for when system upgrades occur usually on a Monday when it’s most inconvenient. Call them first thing Monday morning and you’ll be served first. System upgrades can take about 2 hours. Also, they’re helpful with tech presentation set ups. Everyone bows down before tech these days. The clients. If they’re happy. Your boss will be happy. Small people. Be polite and friendly to security guards (spare keys, prompt package deliveries, duplicate passes & keys) & secretaries (gatekeepers for meetings). Your line manager & everyone else in your team. Useful for a reference. Good luck!

  • @dcoughla681
    @dcoughla681 2 месяца назад

    Fun fact for you. The father of Elizabeth Holmes of the bankrupt blood-testing company, Theranos, was an executive at Enron.

  • @dcoughla681
    @dcoughla681 2 месяца назад

    Jacob. Shocked at how few comments there are here. When you’re working, I’d aim to save at least 6 months’ gross salary in case there’s a downturn/recession or to walk away if you don’t like it (FU money). This assumes you can go back to live with your parents, of course. If not, a few months’ more money would help.

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Thank you for this. I’ve always wondering how much I should be keeping in my bank for rainy days. I’ll certainly do this in the future

  • @dcoughla681
    @dcoughla681 2 месяца назад

    Only if you must, Jacob and 2 years max.

  • @dcoughla681
    @dcoughla681 2 месяца назад

    Be the child of a client. Easy.

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      Haha

    • @dcoughla681
      @dcoughla681 2 месяца назад

      @@jacobphillips1 I recommend the RUclips channel called Good Work. It’s a fun channel talking about finance & Krian Bearney which is good for some laughs too.

  • @Josh-cn7gm
    @Josh-cn7gm 2 месяца назад

    You are boring

  • @erikkarlsson6367
    @erikkarlsson6367 2 месяца назад

    Banger as always 🔥

  • @A_two_sided_story
    @A_two_sided_story 2 месяца назад

    I define it as a corporate investment banking kingdom😂 LME, LSE is major financial institutions for world economy

  • @henrywartemberg2795
    @henrywartemberg2795 2 месяца назад

    I’d be surprised if that area ages well.

  • @roshangamingsvlogs80
    @roshangamingsvlogs80 2 месяца назад

    How is it to study International Business in lbro ?

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      I have a few friends that have done international business and I hear good things. I would recommend

  • @orbital1337
    @orbital1337 2 месяца назад

    I don't understand why this place is so expensive. 1 beds are renting for well north of 3k pcm which is insane even for London standards. You're not near the city center, you're south of the river, and there aren't really many companies there either. If you want a nice modern area with luxury apartments, why not go to Canary Wharf which has a shorter commute into the city, more jobs, and is cheaper? What am I missing?

    • @jacobphillips1
      @jacobphillips1 2 месяца назад

      I agree, it is very expensive. Things that spring to mind to justify the high price may be the potential for the area to develop and the prices of flats rising, or maybe because of all the businesses there employees are pushing the prices up. Either way this is a seriously expensive area

    • @dcoughla681
      @dcoughla681 2 месяца назад

      Apple HQ is in Battersea & the American Embassy is down the road in Nine Elms. It’s well connected on the Northern Line tube which isn’t perfect but it’s a civilised, clean commute. Canary Wharf is emptying out of the financial sector which is slowly dying and the area is way too far away from Central London so is cheaper.

    • @orbital1337
      @orbital1337 2 месяца назад

      @@dcoughla681 Eh, at least for me, the commute to my office in the city would be a little faster from Canary Wharf via the Elizabeth line or DLR than from Battersea. And sure, some companies have moved out after Brexit but there's way more high paying jobs in Canary Wharf.

    • @kerolgiler8221
      @kerolgiler8221 Месяц назад

      The UK news doesn't tell you how much they sell Battersea Power Plant they sell it for 1.6billion Pound to my home country Malaysia and we add 7.9 billion pound to build it owh btw you know Guthrie thats was own by UK it was rename Sime Darby by Malaysia government also involved in this project

  • @sitrakamatthieu
    @sitrakamatthieu 2 месяца назад

    Dam it looks so cool + And clean !

  • @jimbojimbo6873
    @jimbojimbo6873 2 месяца назад

    The issue with Canary Wharf is there’s no actual community there it’s literally just a place for people that work there

  • @RamssesPharaoh
    @RamssesPharaoh 2 месяца назад

    Great job here 👏