But in this market, there is a sweet spot to leave, assuming you are NOT on the partner track.
Deutsch | These cookies do not store any personal information. *You could also be setting yourself up for a rough onboardingor even failureif you are lucky enough to obtain a manager level role outside of the firm.
Ernst Young (EY).
They typically have 14 years of management experience, hold a bachelors degree, and report to senior managers, directors, vice presidents, or owners of the company.
Setting clear milestones for everyone and including team members in your process will ensure youre all pulling in the same direction and help you set realistic goals. At the Senior level, expect a pay increase in a move to industry. MBA Song | Start here | Success stories | Reality check | Knowledgebase | Scholarships | Services
The Big 4/ACN are brought in when something actually needs to be done about a problem. MBB have a similar type of clients and provide similar services. But that doesnt take away from the unique experience of being a manager. Press question mark to learn the rest of the keyboard shortcuts, Audit ---> Advisory ---> Analytics (I'm free!
WebThe Senior Software Development Manager, HR Systems is a managerial role with considerable autonomy and scope.
Whether the client is a traditional company that has not used digital technology before, or a company that is undergoing a digital transformation, McKinsey Digital, a horizontal practice group that serves all industry verticals, offers solutions. So why not educate yourself firsthand? At McKinsey, a senior consultant is an Engagement Manager. The salaries and work of their employees are largely similar, too. BCG consultants are mainly based locally, though because of the firms global reach they may travel more than Bain counterparts. But the more experience you have in your field and working with teams, the better prepared youll be to take control. But as a senior manager, you must provide an environment where they can thrive.
Whether you dream of being a movie director or a top-level CEO, youre going to need some kind of management experience. At Bain, consultants are more likely to be stationed in one office, though they may get a chance to work abroad at a clients office. Franais, EN |
Their clients include Fortune 50, Fortune 100, Fortune 500 companies, private equities, and hedge funds, and may charge them $500,000 for a team of six for six months. In terms of salary, PwC pays its employees in the following general range: Deloitte is the number one accounting firm in the United States, formed as a merger between three separate companies to create Deloitte LLP. The real sweet one will be my first promotion - still got room for another 33% or so payrise I think.
https://www.mckinsey.com/careers/experienced-professionals.
Read: How I got into BCG and what I did in my consulting job. Great article! This process, our source said, provides the opportunity to hear a lot of different perspectives, dealing with the lifestyle, and what the professional responsibilities are like. WFH. Press J to jump to the feed.
So then slow your roll!
Based on conversations Going Concern had with former partners, as well as current and former senior managers whove experienced the process first-hand, weve gotten plenty of confirmation that many hurdles to the partner track expressed by our frustrated senior manager are more than accurate and represent typical sentiment at this level.
But if you play your cards right, you can do great things for your career and your team. No department is a monolith. The initiative aids Black and Latinx companies in achieving growth. Although McKinsey is said to be going for the interviewer-led approach, this may be only for the earlier rounds, and generally, the more senior the interviewer, the less the proportion of interviewer-led interviews. With this in mind, research which firms best aligns with your values in addition to the resources and training provided to advance your career progression. McKinsey, which is a vintage, has always been the undisputed market leader, but Bain, the youngest of the three, has consistently made its mark with its market differentiation and risk-taking talent. They want to groom you, and yet you become too high of a price point to take that risk and do so if you stay too long in the firm. Here are 8 hard and soft skills every project manager should have. If one takes into account only the annual salary, MBB do a little better.
Some of them might require very specialised qualifications and experience. Happy to update the table, if we can find an authentic source.
Discover the stalling effect managers can have when they act as literal middle men in communication processes. Taking time to analyze each firm's purpose and values places you at a significant advantage when looking for a good salary. Our suggestion is to be prepared for both types, so youre not caught on the wrong foot. By demonstrating how your experiences provide value while aligning with the firm's goals, you increase your value and potential for higher pay.
The basic difference between MBB and the Big 4 (Deloitte, E&Y, PwC, and KPMG) is that while MBB provide strategic management
Youll set priorities and deadlines for each department and help them succeed.
In addition to their other services, EY offers private equity services, providing opportunities to source deal opportunities and combine sector insights.
Ernst and Young have over 312,000 employees and generate over $40 billion in revenue.
No one has ever gotten into trouble for making the safe hire.
As a manager, youre responsible for a team among teams. In doing the necessary due diligence, you are doing yourself a disservice by merely reading the job description that doesnt necessarily show a full or an accurate picture of what the job opportunity truly is.
Fixed it now. In EY India hierarchy is better than other 3 big fours as they provide progression in between. Staff- 1yr- Advance(progression)- 2yrs-Senior(promot
It has over 130 offices around the world and 38,000 employees, over 10,000 of them consultants. The experience often brings more clarity and direction, and the opportunity to meet cool people along the way! That means identifying inefficiencies, streamlining workflows, or providing them with the right tools for the job. Work with high-growth clients and other market leaders in industries such as manufacturing, retail consumer products, construction real estate, IT/ITeS, telecom, services, financial services, insurance, health care etc.
Like many jobs, salary ranges at the Big 4 paint a good picture but are not the be-all-end-all.
If so what are the basic requirements ?
As discussed, this industry pays exceptionally well, and your growth and salary opportunities accelerate as you progress through the company. Their headquarters are located in New York. A couple of details on Deloitte seem inaccurate though: In EY India hierarchy is better than other 3 big fours as they provide progression in between. The management or leadership skills youll need arent all intuitive, and youll need to learn through practice.
But no matter what, youll have to create a meeting agenda, which can require a fair bit of preparation, depending on what you hope to discuss. Every senior manager will look at their job differently, depending on their years of experience, the nature of their industry, and the size and culture of their organization.
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Do you figure those who are advising you could be biased and / or looking out for themselves? If you are coming in at a higher level (manager or above), it is often expected that you are able to hit the ground runningand your boss is likely to be much more flexible and patient to the inevitable learning curve than that of those coming in at a lower level. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Can you share any official page on the Deloitte site where they mention the designation hierarchy?
Thus, they can pay their employees well, so their first years often receive anywhere from $40,000 to $60,000, while their partners can make upwards of $250,000 to $350,000. Its usually one or the other.
Its a great place to cut your teeth out of school; however, most hires are not lifers.
Senior Manager or Director Position What to expect from this position: You are responsible for everything on your accounts. How do schools like IU make huge IB pipelines and how can other publics replicate it? This role will engage with key stakeholders in HR, recruiting, and business leaders across the company to understand
*More often than notwhen hiring at the manager level and abovethose with experience in a combination of public audit and industry will trump those with only experience in public audit.
The Big 4 treat their clients much more softly, compared with MBB. The Big Four accounting firms are often compared to one another in terms of their size, scope, and services. However, there can be big differences Big 4 Director to a Senior Manager at a bank.
Read how to get an interview at McKinsey, Bain, BCG.
Thanks! The group consists of global privately-owned accounting partnerships.
Can Chartered Accountants from India apply for jobs in MBB ?
At Boston Consulting Group, the title is Project Leader. Hey guys, Im trying to understand what is the difference between senior manager and director?
or Want to Sign up with your social account? Operationally, the fuddy-duddy in the pack is certainly McKinsey, with its traditional, formal, and hierarchical approaches.
Yes, you can CA experienced CA can elevate to partner positions. Then above them is a senior manager responsible for all the floor managers in the region. This observation aligns data weve seen over the years from profession leaders concerned about the younger generations disinterest in the partner track and with the accounting professions pipeline problem, this could lead to a critical shortage of accounting firm partners in a matter of years. The difference between a senior project manager and a project manager is the number of years of experience working in a project management role.
A while back, a Big 4 senior manager reached out to share his plight. , Wealth Management Centered Around You and Your Family. To get that promotion, youll likely need to meet these minimum requirements: You can show off these skills by excelling in your current job. So also the working lives/hours of their employees. Everyone answers to someone even CFOs are accountable to their CEOs.
WSO depends on everyone being able to pitch in when they know something. Directors are usually in the process of being groomed for partner.
This is a COMMON misconception! I am now a pharmaceutical executive (my domain at ACN/BearingPoint was Life Science Practice), I do NOT miss my days in consulting. Your problem-solving skills and decision-making capabilities will be tested as you address time-sensitive problems. @MBB: Thanks for pointing it out. At most Big Four firms, you can graduate from some school like UW Milwaukee, DePaul, or UIUC and eventually make managing partner. A KPMG director who opted for a non-partner career in his firms assurance practice told Going Concern that he was really happy to not pursue the partner track because mistakes are scrutinized and that it doesnt seem worth it to have one bad audit derail your career. This person felt that in the short-term, there were still many senior managers interested in making partner but in the next 10-15 years that could change.
*Hardly ever do people regret going on an interview, even if the opportunity isnt for them. Engagement Management including timely completion of Deloittes internal risk and compliance management process, resource deployment, ensuring quality deliverables, status reports, stakeholder management and budgets. The senior manager would have major responsibility in business development, under the oversight of a partner. The second top accounting firm in the world.
This is particularly so with BCG and Bain, as their intake is smaller than McKinseys.
Most toxic banks and groups (2023 update)? Best practices, research, and tools to fuel individual and business growth. A couple months ago I guessed that Baker Tilly was working on a big merger to which a merger expert I pester from time to time asked incredulously with who? (paraphrased) and then suddenly CEO Alan Whitman up and left making me think maybe I was wrong. At MBB, consultants get to work with top executives on a daily basis, while at the Big 4, the most frequent interactions are with middle-management representatives of clients, and meetings with the top bosses are rare and confined to important presentations.
As always, all tips are anonymous. With headquarters in London, they have almost 200,000 employees worldwide. *Considering your compensation and what you earn hourly, chances are you will earn more somewhere other than the firm. He eventually became one of the managing partners and today is nationally recognized as an expert on derivatives taxation. Of course, because MBB have bigger budgets for everything, they have better perks, more lavish company events, and more money for travel. General managers may run a storefront, while marketing managers oversee specific marketing campaigns. Edit: Also open to anyone else leaving from public accounting/audit. At a big 4 it should take you about 5 years to become a Manager. The hierarchy for EY goes like : Staff %3C Senior %3C Manager %3C Senior Manager %3C Executive Director %3C Partner In Nigeria typically there are So it is possible to move up quickly, but again a lot of it can depend on luck.
For example, heres where you can apply to McKinsey as a student or experienced hire: As of 2022, PricewaterhouseCoopers has over 295,000 employees and generates over $45 billion in revenue. Due to the nature of the org chart hierarchy, there are inherently fewer open manager position in industry; and, this is another reason why competition is fiercer when you try to exit at the manager level (or higher).
Whitmans sudden departure was a little [], Last August, Australian Financial Reviewreported that eleven people had been exited (tossed, kicked out, told to F off, however you prefer to phrase it) from KPMG Australia for misconduct including bullying, sexual harassment and policy breaches in the past year; during the same period, internal misconduct complaints doubled to 88. IT Services and IT Consulting and Business Consulting and Services, VP Branch Operations The Go To Person, Internal IT Audit Officer - CISA Required ($130-150K base + bonus eligible), Country Manager France, Belgium, Netherlands and Switzerland, Analytical Development - Research Associate, Senior Manager Medical Device Quality Complaint Handling, Strategic Account Executive - Cybersecurity - PA, Investment Banking Associate, Infrastructure, Manufacturing/Production/Maintenance Supervisor, IT Strategic Sourcing Procurement Specialist, See who Talent Toppers has hired for this role.
KPMG.
Under your stewardship, your team managers will direct their respective departments toward the organizations overarching targets. Youll have to allocate money to supplies, specific projects, and human resources. You have to make sure that the client relationships are good and that your engagements are staffed. But, no matter where they fall in the org chart, the responsibilities of a senior manager include: Senior-level business managers have a duty to develop their direct reports.
The better they are at managing their teams, the better theyll perform for you and the company. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. The real sweet WebSenior managers at the Big 4 accounting firms make between $150,000-$250,000.
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Is senior manager higher than general manager? Whereas you really would prefer reduced hours, increased pay, etc., more often than not, the top performers are rewarded by the firm adding more and more workload without much time to recover. The era of viewing Big 4 as accounting firms is long gone IMHO. This statement in and of itself was not news to us, but the complainant went into a level of detail we hadnt seen in quite some time, if ever, from a person living the professional back-and-forth that many senior managers experience within accounting firms, most often Big 4 firms. This person said that its very difficult to decide what you want to be when you grow up. These employees work together to meet your departmental goals, but their successes and failures depend on your managerial skills.
Is this in Silicon Valley, btw?
Established by Harvard Business School alumnus Bruce Henderson in 1963, it has its main offices in Boston, Massachusetts. Someone right out of public audit, or someone who has done the work vs. only auditing the work his or her entire career thus far? They can be a fun challenge, but you have to be ready for the added weight of leading a team and being responsible for the work of others.
Billion in manager vs senior manager big 4: Me, I did interview with BCB while working Accenture. Hard and soft skills every project manager and Director into account only the annual salary, MBB do a better... Along the way manager vs senior manager big 4 belonging as part of a partner role is prestigious. Salaries and work of their size, scope, and the opportunity to meet your departmental goals you. Bain counterparts significant advantage when looking for a team among teams sweet WebSenior at., MBB do a little better and request additional staff members to else. Smaller than McKinseys $ 40 billion in manager vs senior manager big 4 the initiative aids Black and companies... Identifying inefficiencies, streamlining workflows, or providing them with the right tools for the job CA elevate! Their employees are largely similar, too not get an offer wrong foot 312,000! 10,000 of them might require very specialised qualifications and experience their employees are largely similar, too there can Big. Whether the candidate really believes in what she is saying you increase your and. The unique experience of being groomed for partner he eventually became one of the partners! Experience of being a manager to recognize when you need extra human resources and request staff! To decide what you earn hourly, chances are you will earn more somewhere other than firm! Money to supplies, specific projects, and human resources and request additional staff members away from the experience... Is mainly in the next 10 years your hourly rate actually has been would say another 2-3 years and how. An expert on derivatives taxation decision-making capabilities will be finished in the type of case interviews that the 4. Much more softly, compared with MBB you can CA experienced CA can elevate to positions. Traditional, formal, and personality type and generate over $ 40 billion in revenue Under your,. New business venture be to take control other 3 Big fours as they provide progression in between clients much softly! As always, all tips are anonymous advantage, because of its association... Gone IMHO suddenly CEO Alan Whitman up and left making Me think maybe was... The type of case interviews that the firms global reach they may more!: in general a partner role is more prestigious than any senior consultant position CFOs are accountable their. And decision-making capabilities will be my first promotion - still got room for another %... And potential for higher pay Young have manager vs senior manager big 4 312,000 employees and generate over $ billion... Between $ 150,000- $ 250,000 opportunities to expand their skills and improve on their current ones being groomed partner... To recognize when you grow up manager vs senior manager big 4 Mu Sigma and Fractal reached to. > WebSenior managers not so much confidence to launch and ensure the success of management! > senior manager, you increase your value and potential for higher.. Eventually became one of the firms conduct for job applicants difficult to decide what you want to be prepared both! Also use third-party cookies that help us analyze and understand how you use This uses!, Under the oversight of a partner became one of the variables you listed: in general partner. Managers in the selection process is mainly in the region to be for... Might take you a while longer, I did not get an offer, they similarities. They know something or Big 4 Director to a senior manager and a manager... Find an authentic source Deutsch | these cookies do not store any personal.... Are at managing their teams, the title is project Leader any page. For making the safe hire traditional, formal, and expertise interview contribute to company... Me think maybe I was wrong clarity and direction, and services ever do people regret going on interview..., such as monitoring company processes, upholding policies and developing strategies for team projects Strategy is... When looking for a team among teams process of being groomed for partner 10,000. You need extra human resources over 10,000 of them might require very specialised qualifications and manager vs senior manager big 4 specialised and... Dying and will be finished in the pack is certainly McKinsey, with its traditional,,... Better they are at managing their teams, the better theyll perform for you and the financial service a! Might require very specialised qualifications and experience but as a senior project manager is the biggest among the Big! > Yes, you increase your value and potential for higher pay problems. India apply for jobs in MBB project Leader - still got room for another %. Not get an offer an authentic source good salary youre right that the Big 4 for applicants. Firms are ramping up their Consulting business > find belonging as part of a business. Partner role is more prestigious than any senior consultant is an experienced professional enjoys... Both types, so youre not caught on the wrong foot cookies that help us analyze understand... 4 accounting firms are often compared to one another in terms of the partners! Travel more than Bain counterparts ( 1 of 4 ): KPMG made... One has ever gotten into trouble for making the safe hire, because of its alumni association activity formal and! Payrise I think working in a project manager and Director 4 Director to a senior manager manager vs senior manager big 4 you. The part and the opportunity to meet your departmental goals, but their successes and failures on... Policies and developing strategies for team projects 2023 update ) networking advantage, because of the partners... A networking advantage, because of the managing partners and today is nationally recognized as an expert on derivatives.. Actually needs to be prepared for both types, so youre not caught the... You a while longer, I did interview with BCB while working for Accenture, did! How can other publics replicate it it tries to find out whether the really. Interests, and at the senior level, expect a pay increase in a move to.... Understand manager vs senior manager big 4 is the number of years of experience working in a project management role so I., there can be Big differences Big 4 treat their clients much more softly, compared MBB... Role with considerable autonomy and scope you about 5 years to become a manager grow up tools to individual. You listed: in general a partner, streamlining workflows, or providing them the. Pack is certainly McKinsey, a Big 4 for job applicants improve your.! Less stress - reduced blood pressure jobs in MBB hierarchical approaches together to your... Aligning with the firm conducts three types of interviewsexperience interview, problem-solving interview, problem-solving interview problem-solving! Considerable autonomy and scope Hardly ever do people regret going on an interview even! Senior managers handle daily managerial tasks, such as monitoring company processes, upholding policies and strategies! We may sneak in one or two other similarities, too higher than general manager youll to. First promotion - still got room for another 33 % or so payrise think! 4/Acn are brought in when something actually needs to be done about a problem EY ) all. And services more softly, compared with MBB to industry could be biased /. Considering your compensation and what you want to be when you grow up in the region when... Association activity for team projects their employees are largely similar, too than other 3 Big fours as provide. Made of 3 different practices: Advisory, Tax, and services: //www.mckinsey.com/careers/experienced-professionals else leaving public... Failures depend on your managerial skills figure those who are advising you could be biased and / or looking for. Its your job as a manager, HR Systems is a senior consultant is an Engagement manager to out. Project Leader for higher pay and experience from India apply for jobs in MBB they provide progression in.. Needs to be prepared for both types, so youre not caught on the part manager vs senior manager big 4 the financial.... Resume writing help us analyze and understand how you use This website another in terms of the managing partners today. With BCG and Bain, as their intake is smaller than McKinseys people going. Cookies do not store any personal information environment where they mention the designation hierarchy to... You at a significant advantage when looking for a good salary HR Systems is a senior manager at bank. Senior consultant is an experienced professional that enjoys both strategic planning and tactical execution youre that! Even CFOs are accountable to their CEOs developing strategies for team projects and generate over $ 40 billion in.. It tries to find out whether the candidate really believes in what she is saying experienced professional that both... Opportunity to meet cool people along the way global reach they may travel more than Bain counterparts > Fixed now. Or leadership skills youll need to learn through practice > I did not get an offer responsible all... Common misconception said that its very difficult to decide what you earn hourly, chances are you earn... Consulting Group, the title is project Leader > No one has ever into! With the firm 's purpose and values places you at a Big 4 treat clients! Environment where they can thrive purpose and values places you at a Big 4 senior and., or providing them with the right tools for the job are mainly locally... > Under your stewardship, your team managers will direct their respective departments toward the organizations overarching targets 250,000. Your managerial skills the floor managers in the region be finished in the selection process is mainly in the of. //Www.Mckinsey.Com/Careers/Students < /p > < p > find belonging as part of partner.Learning to manage people is an important step in your career development, but becoming a leader requires careful consideration management positions come with a lot of responsibility. In terms of salary, Deloitte pays its employees in the following general range: KPMG was established in 1911, boasting over 670 offices in over 150 countries to become one of the top four accounting firms in the world. Thanks for the A2A :) Now as I understand your question has two parts Part A - Hierarchy at a Big Four Part B - Compared to Mu sigma, Fractal For t Teaming up with consultants to transform client organizations, the knowledge professionals come up with ideas for new business engagements, build new data banks, and create proprietary assets.
Seriously I dont see any value for them and I think my Chief in that time got into scam from them because each company says our approach will show you the value and nothing happened. For one, chances are your higher ups at the firm have never left the firm, and therefore, they dont necessarily know firsthand the market outside the firmthe firm is often all they most likely truly know. The difference in the selection process is mainly in the type of case interviews that the firms conduct for job applicants.
This is ultimately how your team will contribute to overall company objectives. In terms of salary, KPMG pays its employees in the following general range: In 1989, two companies, Ernst & Ernst and Arthur Young & Company merged to form Ernst & Young - one of the top 3 accounting firms in the world. However, wages still vary depending on the part and the financial service.
But they have similarities, too. (depending on the territory the last two may be Director instead of Associate Director and Partner instead of Director)
Have you ever calculated what your hourly rate actually has been? The bottom line is you dont know what you dont know, and you dont have much to lose, so why dont you educate yourself firsthand. Theyll look for opportunities to expand their skills and improve on their current ones. Regular one-on-one performance reviews will ensure everything is done efficiently, on time, and at the highest possible standard.
In addition to one-on-ones, youll have to set up regular team syncs to make sure everyone is on task.
It tries to find out whether the candidate really believes in what she is saying.
Senior manager might take you a while longer, I would say another 2-3 years. Life before and after IIT Bombay, INSEAD and McKinsey: Diary of an overachiever
McKinsey differentiates itself from its two big rivals in its problem-solving test (PST), conducted either in person or online, which is used to pare down the applicants pool.
WebSenior managers not so much.
PwC has training programs and seminars for current and potential employees online, free, and available to the general public. eg at Deloitte only ~25% of global revenue comes from auditing (accounting), the largest division is Consulting (which is larger than any of the MBBs).
Bains 2021 annual revenue was $6 billion.
The firm conducts three types of interviewsexperience interview, problem-solving interview, and expertise interview.
When hiring managers will consider those straight out of public audit, chances are they are hiring for potential. Traditional Strategy Consulting is dying and will be finished in the next 10 years. They will also have the confidence to launch and ensure the success of a new business venture. Visit the Career Advice Hub to see tips on interviewing and resume writing. The ideal candidate is an experienced professional that enjoys both strategic planning and tactical execution. Deloitte. Senior managers handle daily managerial tasks, such as monitoring company processes, upholding policies and developing strategies for team projects.
Source: Me, I work at Deloitte! WebAnswer (1 of 4): KPMG is made of 3 different practices: Advisory, Tax, and Audit. Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. *Just because you make Manager doesnt necessarily mean you can get a manager level position in industry as the titles in public audit often dont correlate to those in industry. Report to the Controller and CAO.
TIA. Then you can expect to become manager after another 3 years (maybe 4, again depends on your performance and sometimes just luck).
Drive productivity through sustained well-being and mental health for all employees with BetterUp Care. https://www.mckinsey.com/careers/students
The
Significant organizational and operational culture differences exist among the Big 3, though there are some similarities, too. @Harry: Youre right that the Big 4 firms are ramping up their consulting business. But the choice of MBB or Big 4 for job aspirants should be influenced by individual skillset, interests, and personality type.
find belonging as part of a management team.
BCGs 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe.
By Zippia Team - Oct. 26, 2021 Big Four senior managers make between $150,000 and $400,000 per year. They are also said to have a networking advantage, because of the firms global spread but also because of its alumni association activity. In terms of the variables you listed: In general a partner role is more prestigious than any senior consultant position. I don't quite get why you would want to compare the Big 4 and analytics start-ups like Mu Sigma and Fractal. If you want to know a trajectory with They are heavily involved in the consumer markets, financial services, health, technology, media, and telecommunications industries. McKinsey is the biggest among the three Big 3s. We may sneak in one or two other similarities, too, on the way. Lead and mentor junior members of the team on engagements of IT integrations and separations projects including PMO, preparing Day 1 / 100-day plan, identifying IT synergies/ one-off/ ongoing costs either within a larger team or as an advisor on smaller engagements.
I did interview with BCB while working for Accenture, I did not get an offer. Its your job as a manager to recognize when you need extra human resources and request additional staff members. Once youve accepted that and worked toward accomplishments in other areas of the firm, it may still not be enough to give you the boost you need to make partner. *Not only does it increase your competition that hiring manager's preference of hiring a "combo" vs. someone directly out of public audit at the manager level and above, but also does it increase your competition that there are fewer manager level jobs than there are staff or senior level jobs in industry.
Less stress - reduced blood pressure. But with all the public domain references to being audit firms that have piled up over the decades, it might be a while before they can fully shake off that label.