Typical Career Progression in a Big Four Firm
| |
Position |
Remuneration |
Experience |
Education |
| Start Position |
Consultant |
$50,000-$70,000 |
0-2 years |
Degree |
| 1st Promotion |
Senior Consultant |
$70,000-$105,000 |
3-5 years |
Degree and qualified |
| 2nd Promotion |
Manager |
$105,000-$150,000 |
5-8 years |
Degree and qualified |
| 3rd Promotion |
Senior Manager |
$130,000-$200,000 |
6-10 years |
Postgraduate degree and qualified |
| 4th Promotion |
Director |
$200,000-$250,000 |
10-12 years |
Postgraduate degree and qualified |
| 5th Promotion |
Partner |
More |
12+ years |
Postgraduate degree and qualified |
*The above table is to be used as a guide only
Typical accountabilities and responsibilities
|
Consultant
|
An assisting role working with more senior managers, learning the ropes. |
| Senior Consultant |
Manages assignments autonomously, coach and supervise junior staff. |
| Manager |
Project leadership, client management, management of teams. Budget responsibility. |
| Senior Manager |
Accountable for strategic deliverables, large team/s leadership, multiple client management and business development. |
| Director |
Marker leading knowledge, large team or business unit management, strong business development focus and account management. |
| Partner |
Developing and implementing the firm’s strategic plan, jointly responsible for the firm’s overall management, corporate governance and acting as the firm’s representative at important community and industry events. |
*The above table is to be used as a guide only
Career Options Available
Once you are qualified, there are numerous career opportunities available. Apart from the specialisation mentioned above, there are related careers your accounting background is well suited to. These include a company secretary, actuary, financial markets, economics, foreign exchange and financial analysis. There are also opportunities to become self-employed, work for clients on a freelance basis, become a partner in an accountancy firm or start up your own firm.
About the Author
Andrew O’Malley
Partner - Kindle Partners
Kindle Partners provides a comprehensive range of business advisory, accounting and taxation services to our local, national and international clients. These include advice relating to superannuation, cashflow analysis and projections, finance or equity raising assistance, profitability analysis and restructuring assistance. We are also involved in all facets of asset protection, effective tax structures, business and strategic planning, business reviews, business valuations and maximisation of returns. Our mission is to provide our clients with the tools and inspiration to create and maintain a successful business in today's challenging climate.
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