@@victornyamu2547 we have it totally different in the middle east we have to have a Bsc accounting or finance as a start and then the certificates comes next
I'm think the 2% might be misleading. Walmart for example has a 2.6% acceptance rate by the same measure. Applicant rates can be inflated by people who apply repeatedly to different positions or who might make throwaway applications. To put it into perspective, 50% of accounting graduates from my school go to Big 4. I got into two Big 4 and I get very uncomfortable being social. I know someone who got into three and another into all four. Now that's not to discredit your advice of relationship building, tailoring applications for specific jobs, etc. or discount the fact that you will have to be a hard worker if you want to get in. But citing that statistic might be more discouraging. My first interview with Deloitte I bombed because I was so nervous at a
Thanks for the comment Jacob! The 2% hiring rate is simply a fact: number of people hired vs. number of people applying. I assume you attended a great target school, and therefore your perspective is colored by the "ease" in which you and others got hired. There are two huge groups of people that you're not thinking about in this instance: people at lower-level or non-target schools, and experienced hires who are not at university and don't have the luxury of great career resources. For those later groups, which actually make up the majority of Big 4 hiring, the hiring rate is probably lower than 2%, but I don't have those statistics. So you're right in what you say for people at good target schools, so thank you for that. As you can probably imagine people like yourself are not my typical audience. I concentrating on helping people that have a more unusual background, like myself, who got hired with a chemistry degree.
@@James.h.whittaker I checked your Deloitte Statistic and understand the statistic is based on number of people hired vs. number of people applying, but your conclusion is based off the assumption that a person isn't applying for multiple positions across multiple firms. Most people apply to more than one Big 4. So if I look at EY which has 2 million applicants, that's not 4 million different people applying to Deloitte and EY or 10 million people applying to Big 4 each year. Applicants at Deloitte are also applying to EY and the other firms. So the actual odds could be 4 times as less applicants. Then if you consider each person can only accept one offer, the chances are even better. Chances are they are more than 2-3 million applicants since not everyone applies to every firm, but it's likely still significantly better than 2% odds. I agree with using a strategy though! No matter your background or how good/bad the odds to start. Tip the scales in your favor as best you can!
@@jacobg8640 yes you're right in what you say. There's also another factor at play here too which skews things. Some roles will be way more oversubscribed than others. For example, the average number of outside applicants for a partner role is about 10, so technically the "odds" of getting hired into the Big 4 as a partner are 1 in 10. But obviously that's because most people don't even apply for these roles unless they're pretty sure they have a chance. This situation and others like it will skew the numbers the other way to your example. So yes, 2% is a nice headline number, but it's going to vary wildly for many roles, some of which will have way less than a 2% chance, some way more. We could discuss for a long time all the different scenarios, but the only number we have as a true statistic is 2%, so that's what I have to work from! It's also nice to have an intelligent discussion in social media comments :)
i know how it feels i joined EY actually with my confidence i believed they have selected me out of alot because i m special so i have to seize the opportunity.
Hey, I'm currently in the process of getting an internship at one of the big 4 as an economics student, would it be possible for us to have a short conversation over linkedin? It would help me out a lot if you have a bit of time :)
#1 Hiring rate 2% (high competition) #2 Imposter syndrome (lack of confidence) #3 Hidden job market (positions not posted to the public) #4 Relationship building (extroverts) #5 Not focused on a particular position (tax, audit, compliance focused?) Also in my experience it is less likely to get hired if you are over 25 and starting. Not impossible, just unlikely. If you've graduated already. The best chance is while you are still a student or just recently graduated.
what if after high school I've worked and currently continuing my studies in this field so means ill be graduating by 26 will this still be unlikely D:
@@adamopalski2545 that's great. It is in general and you werent too far off. It's not as if you were 37 I've been told personally that age matters hence the lawsuits.
@@dayp79 can u please answer my questions 🙏🏻 how can I apply when iam still student? Do you mean messaging them privately in Linkedin? And do they reply? I will be graduating next semester then I will have Co-op for 3 months so I am wondering if it works to ask them privately Coop training or position... Sorry for asking many questions 🙏🏻
Would the big 4 not hire me because of my age? I’m 29 and I’m going back to school. I’ll probably be 31 when I graduate. I’m trying to major in Accounting. I have some IT background.
I just turned 30, finished university a year ago. They actually contacted me first if I was interested in a job in Audit. Now I have my interview, wish me luck ^^
Indeed, and I strongly advise you to add LinkedIn to the list cause it's were I applied for my position, got an interview opportunity then I receive a job offer at the big 4. GL you all!
@@Mariam-sk2yx applying through LinkedIn over open positions. You've could messaging them privately, and they sometimes show who the recruiter is. But you want definitely set your skills matching every position you apply, by getting certificates, like LinkedIn leaning courses, or rewriting your past experiences in order to match the position, because it will raise your profile for those recruitment on top of their list, so they may call you. It's like playing with LinkedIn algorithms
Hey Kay. You can calculate it yourself if you check Deloitte (and the others) annual reports. Here's the Deloitte one if you're interested: www2.deloitte.com/global/en/pages/about-deloitte/articles/global-reports-download.html
A lot of people applying are no-hopers. I’m an interviewer at EY and even some of those getting hired are a disaster.
How much does undegrad matter?
Does it have to be bsc accounting or can one take bsc finance + ACCA /cpa
Victor Nyamu It makes very little difference. There are people with music degrees at EY working in audit.
@@summerrr1 all you need is accounting certificate?
@@victornyamu2547 we have it totally different in the middle east we have to have a Bsc accounting or finance as a start and then the certificates comes next
Why would you consider them a hopeless?
I'm think the 2% might be misleading. Walmart for example has a 2.6% acceptance rate by the same measure. Applicant rates can be inflated by people who apply repeatedly to different positions or who might make throwaway applications. To put it into perspective, 50% of accounting graduates from my school go to Big 4. I got into two Big 4 and I get very uncomfortable being social. I know someone who got into three and another into all four.
Now that's not to discredit your advice of relationship building, tailoring applications for specific jobs, etc. or discount the fact that you will have to be a hard worker if you want to get in. But citing that statistic might be more discouraging. My first interview with Deloitte I bombed because I was so nervous at a
Thanks for the comment Jacob! The 2% hiring rate is simply a fact: number of people hired vs. number of people applying. I assume you attended a great target school, and therefore your perspective is colored by the "ease" in which you and others got hired. There are two huge groups of people that you're not thinking about in this instance: people at lower-level or non-target schools, and experienced hires who are not at university and don't have the luxury of great career resources. For those later groups, which actually make up the majority of Big 4 hiring, the hiring rate is probably lower than 2%, but I don't have those statistics.
So you're right in what you say for people at good target schools, so thank you for that. As you can probably imagine people like yourself are not my typical audience. I concentrating on helping people that have a more unusual background, like myself, who got hired with a chemistry degree.
@@James.h.whittaker I checked your Deloitte Statistic and understand the statistic is based on number of people hired vs. number of people applying, but your conclusion is based off the assumption that a person isn't applying for multiple positions across multiple firms.
Most people apply to more than one Big 4. So if I look at EY which has 2 million applicants, that's not 4 million different people applying to Deloitte and EY or 10 million people applying to Big 4 each year. Applicants at Deloitte are also applying to EY and the other firms. So the actual odds could be 4 times as less applicants. Then if you consider each person can only accept one offer, the chances are even better. Chances are they are more than 2-3 million applicants since not everyone applies to every firm, but it's likely still significantly better than 2% odds.
I agree with using a strategy though! No matter your background or how good/bad the odds to start. Tip the scales in your favor as best you can!
@@jacobg8640 yes you're right in what you say. There's also another factor at play here too which skews things. Some roles will be way more oversubscribed than others. For example, the average number of outside applicants for a partner role is about 10, so technically the "odds" of getting hired into the Big 4 as a partner are 1 in 10. But obviously that's because most people don't even apply for these roles unless they're pretty sure they have a chance. This situation and others like it will skew the numbers the other way to your example.
So yes, 2% is a nice headline number, but it's going to vary wildly for many roles, some of which will have way less than a 2% chance, some way more. We could discuss for a long time all the different scenarios, but the only number we have as a true statistic is 2%, so that's what I have to work from! It's also nice to have an intelligent discussion in social media comments :)
what's your school?
@@vmx2266 Seton Hall.
Great video dude, I'm interviewing to become a partner at a big 4, and I feel more confident after watching this!!
i know how it feels i joined EY actually with my confidence i believed they have selected me out of alot because i m special so i have to seize the opportunity.
good luck on ur interview
@Addingup u can't say special with everybody else. Choose your words dear☺️
2% likely goes much higher if you're willing to travel. That rate also includes people applying with 2.8 accounting bachelor degrees.
I work in big 4 but don't know why I am watching this....
wish you well. i am from kenya and currently unemployed but i have a dream...
Hey, I'm currently in the process of getting an internship at one of the big 4 as an economics student, would it be possible for us to have a short conversation over linkedin? It would help me out a lot if you have a bit of time :)
I mean sure im only 13 years old but, i do love a good challenge 😈
Same bro 😈😈
Y’all are weird
#1 Hiring rate 2% (high competition)
#2 Imposter syndrome (lack of confidence)
#3 Hidden job market (positions not posted to the public)
#4 Relationship building (extroverts)
#5 Not focused on a particular position (tax, audit, compliance focused?)
Also in my experience it is less likely to get hired if you are over 25 and starting. Not impossible, just unlikely.
If you've graduated already. The best chance is while you are still a student or just recently graduated.
what if after high school I've worked and currently continuing my studies in this field so means ill be graduating by 26 will this still be unlikely D:
I‘m 21 and finishing my Bachelor degree this year should I apply 🤔
@@adamopalski2545 that's great. It is in general and you werent too far off. It's not as if you were 37
I've been told personally that age matters hence the lawsuits.
@@thurnerandreas4241 yes. You should still apply..all they can say is yes or no. There is nothing to lose in applying.
@@dayp79 can u please answer my questions 🙏🏻 how can I apply when iam still student? Do you mean messaging them privately in Linkedin? And do they reply? I will be graduating next semester then I will have Co-op for 3 months so I am wondering if it works to ask them privately Coop training or position... Sorry for asking many questions 🙏🏻
You will get a better work life balance being a MORTICIAN at a hospital than being hired at the Big Four
I don’t really understand why the big 4 is so desirable. The hours are terrible and the pay is not good.
Would the big 4 not hire me because of my age? I’m 29 and I’m going back to school. I’ll probably be 31 when I graduate. I’m trying to major in Accounting. I have some IT background.
They would, I worked with someone in your exact position
Big 4s very big on diversity and inclusivity. If you bring the talent and skills they have space for you!
I just turned 30, finished university a year ago. They actually contacted me first if I was interested in a job in Audit. Now I have my interview, wish me luck ^^
@@wiefdiwbofdbw well? Got it?
@@sov19871987 Don't know yet, they take 1-2 weeks to decide. Hope to get an answer this week, still.
So your not going to tell us how to unlock these hidden jobs?
Indeed, and I strongly advise you to add LinkedIn to the list cause it's were I applied for my position, got an interview opportunity then I receive a job offer at the big 4.
GL you all!
@@jorcontrera please answer my question.. do u mean messaging them privately in Linkedin? Or applying through Linkedin page not their website
@@Mariam-sk2yx applying through LinkedIn over open positions. You've could messaging them privately, and they sometimes show who the recruiter is. But you want definitely set your skills matching every position you apply, by getting certificates, like LinkedIn leaning courses, or rewriting your past experiences in order to match the position, because it will raise your profile for those recruitment on top of their list, so they may call you. It's like playing with LinkedIn algorithms
@@jorcontrera thank you 😻🙏🏻
It's unfair to say this and I think as new graduates, just try to find ways to get in instead of having a doom and gloom conclusion.
Where did you get the 2% hiring rate?
Hey Kay. You can calculate it yourself if you check Deloitte (and the others) annual reports. Here's the Deloitte one if you're interested: www2.deloitte.com/global/en/pages/about-deloitte/articles/global-reports-download.html
@@James.h.whittaker could you please share the link with the same stats for EY ??
@@arlok1820 I don't know them, but probably the same. As I said above you can figure it out by looking at EY's annual report online.
I must be real special then
Is it possible to get job with 2years experience in testing knowledge
Deloitte ✨💯
The hiring rate is wrong info. The big four hire plenty of people. Pwc actually hire too many people that the projects are not enough to go around
It's taken directly from their annual reports. It's not "wrong." We're talking percentages. Sure they hire a lot of people, but many times more apply.