Anonymous User wrote:Anonymous User wrote:Anonymous User wrote:What are hours like? If you have big law there's no reason to consider big 4 right?
OP here who has researched and talked candidly with Big 4 employees, but not experienced Big 4 life personally: At my CB I was told if I got the job I wouldn't have billables, guaranteed 5 week vacation upon signing that I can actually take without fear of retribution, six month guaranteed job security for birth/adoption of child, and opportunity to move within groups/offices (even for pre-approved temporary periods). They also pay for your LLM after a year of working for them and offer other incentives like child and elder care, car purchases at dealer rates, etc.
You have to consider tradeoffs. As an older student, I'd rather take my five weeks vacation and be able to enjoy some time with my family than be working on a Saturday afternoon, missing my kid's soccer game. In the long run, with a paid off LLM and hike increase from it, you're still making good money. Especially after compounding 10% pay increase each year after twenty years versus being miserable at biglaw and eventually moving in-house with a starting pay lower after a few years than someone with the same number of years put in at a Big 4 with a marketable LLM.
This sounds like Deloitte. OP, classifying big4 as a one big category is a misnomer - each firm and the groups within are very different. I work at a big4 M&A tax (transferred from international) and we pull 100 hour weeks on a consistent basis. International was more like 60 hours a week with occasional weekends. It also depends on the type of international tax, office and the firm. I have friends who work 9-6 everyday, are 80%+ utilized (so the firm doesnt bother then) and are happy with their lives. We have people here who consistently pull all nighters waiting for that time to gtfo asap as well.
I want to argue that exit ops in big4 can be better than biglaw in the tax world, because at the end of the day you wouldn't just be a doc monkey drafting tax provisions of LPAs all day. But theres also a possibility you may get stuck doing compliance and cannot distinguish your skills from the accountants. Big4 is huge and depending on how you shape your experience, you can exit to really good inhouse opps that easily pay 250-300k all-in at the manager/director level (4-7th years). But while you are in the big4, the pay is definitely going to suck compared to biglaw (JD/LLM directors, i.e., 5-8th years, get paid similar to biglaw 1-3rd year associates). I've seen a lot of people go to biglaw from the big4 especially in the past year, but this may be because of the tax reform.
250 all in is f500 tax director money. No way anybody is pulling that after 4 years, even with jd+llm