Everyone Is Quitting Consulting - Big 4 Great Turnover

[@icecoldwaseem835]

I will start my first job in a big 4 next month, I've been reading lots of negative things about big 4. It's getting me so nervous, I hope it's gonna be okay

[@erinafenix]

For sure, don’t worry ! I’ve made so many videos before about all my good experiences and how to navigate the consulting world, but people like to focus on polarities. That’s why a video about quitting is getting more views. You’ll be fine and I’m sure you’ll enjoy it and make good friends. I’ll be coming next week with a video on how to survive and thrive within your first year at a big 4 so stay tuned :)!

[@icecoldwaseem835]

@@erinafenix I'll be looking forward to the video, thank you!

[@Roxy-tw4hi]

how's your experience now buddy?

[@jimmytopacio]

l-lllllllllllllllllllllllllllllllllllllllllll-llllllalalLlaLlllla-alallalllllLllaaalllllllalllllllllllla

[@-_MR666_-]

I enjoyed my time there and left a few years later.

[@letscirclebackgames]

The fact that people drop like flies kinda makes sense when you see there’s a structure where there’s more staff than seniors and more seniors than managers, more managers than partners. At some point most of us fall off the pyramid! I exited big 4 at senior

[@erinafenix]

I hope your new career move is going well :)! I agree, there is a pyramid in place but I find that most people try to hold on until they just give out :/

[@zzFishstick]

Pretty accurate. Good news is once you leave you realise it's all a bubble and industry (client side) have normal relationship with work!

[@erinafenix]

100% I agree this is what I hear from everyone who left to the client side :)

[@zzFishstick]

@@erinafenix yep.i know it as i went the opposite way (from industry to consulting) and its been eye opening

[@erinafenix]

@@zzFishstick it’s definitely more of a challenge in some ways, but I know many people who had a similar trajectory to yours and are happy with the new environment. Hope it’s going well for you !

[@UltimatePoliceClips]

I see a lot of these videos from recent grad's titled 'day in my life of big 4 consulting', followed by 'I quite my 6-figure consulting job' 6-12 months later. Consulting is difficult, but the grass is not always greener. There is a reason why MBB and top firms receive 1million+ applications a year. I think most grad's who get a spot, don't really know what to expect, and also do not understand the opportunity they have in front of them. My advice: stick it out, it will set you up for life. Good luck.

[@Yoga_Tv_buying]

Most will have Dunny Kruger effect too .

[@UltimatePoliceClips]

@@Yoga_Tv_buying It's funny coming back to this comment as I see Erina has recently uploaded a video announcing she has quit consulting, albeit made it beyond being at a grad/Analyst grade

[@Yoga_Tv_buying]

@@UltimatePoliceClips i haven’t seen her recent videos. She seem to be one of us lucky ones throw into projects constantly likes it’s happening to ppl in my house . lol out of blue have to be d main presenter of 4 contracts. Like out of blue . The best employees r given sooo much work ! The new hires or d entry level since (Lower skill / less experience) r given d most easy generic tasks . D worst thing is the partners r like Lannister/ Bolton from game is thrones. They r completely disconnected.

[@bojack3827]

Interesting insight. Thanks!

[@erinafenix]

Glad you enjoyed the video, thanks for dropping by 🙌

[@lastview0730]

Nice content. Need more for Canadian consultants about salaries etc

[@erinafenix]

Thank you ! That’s a great idea, I have quite a bit of info about the Canadian experience. What other topics, Canada centric, you’d like to know about besides the salaries ?

[@lastview0730]

@@erinafenix Montreal consultants vs Ontario? Also good tips on a former vid on being proactive and internal networking

[@erinafenix]

@@lastview0730 Thank you for the recommendation ! Glad the previous video was helpful :)

[@pineyforkpress]

Me = Big 4 20 years.... Corp America 38 years. Enjoying my life! Work hard get rewarded.

[@erinafenix]

That's awesome, glad you're enjoying :) All the best!

[@saranibhattacharya2849]

Lol I left KPMG in a year and I wish I had left earlier

[@cravenmoorehead5657]

I use to sing slave hymns in my mind because it was literal slavery

[@erinafenix]

To quit or not to quit is a common lunch topic 🙃

[@erinafenix]

@Craven Moorehead survived - but at what cost?? 😭😭😭

[@Moor0077]

So how do you earn your life ?

[@kenlandon6130]

@@cravenmoorehead5657 that sounds so depressing...which ones

[@EddyTheLion]

Blowing up . 🌟

[@erinafenix]

✨⭐️ so grateful 💫✨

[@yinghuan1811]

Very honest talk

[@erinafenix]

Thank you :)

[@luisdetomaso867]

How long do you think it will be before Chat GPT takes over and delivers all of these financial reports?

[@erinafenix]

I think a huge part will be automated in around 10 years. But then again in the 90’s they thought we’d have flying cars by now 🤔

[@user-xy4ff5yp7b]

Where are people running to? What is the normal next step after the Big 4?

[@erinafenix]

Hi, good question ! Most frequently people switch to “industry”, a large company that may have been a client before, where the work hours are very reasonable and pay/benefits cushy. Surprisingly, a lot of people also bounce around different big 4s to get higher pay/ get promoted. MBB/IB is generally much harder to break into but is a coveted option, having consulting experience makes it easier for sure. I’m posting a video with more details about this tomorrow :)

[@user-xy4ff5yp7b]

@@erinafenix Amazing! Thanks for answering my question 🙂

[@erinafenix]

@@user-xy4ff5yp7b of course ! My pleasure. Let me know if you’ve got anymore !

[@erinafenix]

@@user-xy4ff5yp7b Hi, sorry I was a bit late on the video, but it is out now with more details on exit options :)

[@priyamsharma9778]

What industry or role do you work forin KPMG? Is the situation similar for tech roles in big 4 companies.

[@erinafenix]

Hi, I’m in a tech department myself (risk consulting), and generously it’s much better in tech than in other departments across big 4’s. Hope that helps !

[@bostonliberty638]

although depart from the content, you are beautiful!!!

[@erinafenix]

Thank you, very kind of you :) ! I’m trying to see which videos are more useful. Please let me know what content you’ve liked before that you feel I departed from, would be very useful for me to understand :)!

[@sarfito1]

lol this a good way to get rid of the competition

[@erinafenix]

True ! However mostly in very cutthroat departments- M&A, managerial etc Outside of that, every department is always on the look out for talent. This was just a catchy video title I made to address a common question newcomers have - why is the turnover so high. I made quite a bit of videos about the positives. Even in this one, I mention several times that I’m still working at Big 4 and the pros for me outweigh the cons :p

[@kyle7574]

What are the common exit opportunities? Are people moving to the big 3 MBB/ investment banking.

[@btj7295]

I know of quite a few people that made the switch from B4 to MBB. Moving into IB seems less common, especially from management consulting.

[@erinafenix]

Hi, good question ! Most frequently people switch to “industry”, a large company that may have been a client before, where the work hours are very reasonable and pay/benefits cushy. Surprisingly, a lot of people also bounce around different big 4s to get higher pay/ get promoted. MBB/IB is generally much harder to break into but is a coveted option, having consulting experience makes it easier for sure. I’m posting a video with more details about this tomorrow :)

[@kyle7574]

@@erinafenix thank you

[@erinafenix]

Hi, sorry I was a bit late on the video, but it is out now with more details on exit options :)

[@kyle7574]

@@erinafenix will watch now thanks!

[@PapaSeed]

Do you think it’s worth it

[@erinafenix]

There's definitely pros and cons to it. For me, the pros outweigh the cons, but it really depends on the department you end up in. I've been lucky to be with really supportive team, which held me over these 3 years!

[@kashishtayal8644]

How to getting into consulting? Any help And also love from india

[@erinafenix]

This is great question ! I’ll be coming out with a detailed video soon, but for now, in short - focus on a specific skill set you have - tech, finance, accounting, sales- get experience under your belt and then apply for ANY consultant position that suits your skillet. The moment your foot is in the door, it is MUCH easier to navigate across diffident consulting positions. Hope that helps, you got this :)!

[@vaibhavgupta-zl1ne]

I am planning to quit E & Y

[@erinafenix]

Wishing you all the best in your next steps !

[@spectrafinance8005]

Why are you so pretty

[@erinafenix]

Thank you !

[@MergersAndEvolutions]

Typischer lowperformer halt

[@isleburgjasonjoelboyd]

You want millions?

[@TyrionPlays]

Is there any way to contact you ?? email or any social media?

[@erinafenix]

I’ve been meaning to open an IG account and did today - @Erina.Fenix !

[@youtubeuser-dy8nx]

@@erinafenix Hi Erina, your video came in my recommendation, the vibe of the video and the outro music is so good, I shazamed (made up word) the music :D I also became your first follower on Instagram :)

[@erinafenix]

@@youtubeuser-dy8nx just saw this comment haha, thank you again!