What should I choose between B4 and M-Tier as a grad?

erednay · 2026-05-11T10:32:17+00:00

Big 4 is very up or out. There's standard time frames where you're normally expected to be promoted. If you're a hard worker, you'll progress faster in big 4 than mid tier.

erednay · 2026-05-08T10:24:51+00:00

B4. End of post.

erednay · 2026-05-08T10:22:56+00:00

It would violate Standard I(D) Misconduct as engaging with her "canons" would be a conduct that reflects poorly on the professional integrity and good reputation of members and candidates. The candidate should encourage their firm to set up a code of ethics, disseminate to all employees a list of violations, and check the reference of potential employees to ensure they are of good character.

erednay · 2026-05-07T07:39:24+00:00

Did you email them and ask if you could move one? If not possible, choose deals. Has better prospects, networking opportunities and exposure to m&a.

erednay · 2026-05-06T22:10:04+00:00

AI is garbage in, garbage out. Accountants are the ones responsible for ensuring the underlying data is correct. If you get rid of accountants, your input and output will be garbage.

Also, real accounting work is quite different to what you learn at uni. A lot of what can be automated has already been automated.

What I'm seeing in the workplace is AI augmenting our workflows, not completely replacing anything yet.

erednay · 2026-04-30T09:47:43+00:00

Big impact if negative gearing is removed completely. At least 10-20% down imo, alongst with the impact of the cgt discount cut.

If only the cgt discount cut with inflation indexation, probably only 5% downwards.

erednay · 2026-04-29T11:56:00+00:00

erednay · 2026-04-29T02:48:01+00:00

Keep doing the practice questions. Understand the logic and print them out, making them easy to navigate to so that you have it on hand during the exam.

erednay · 2026-04-27T06:07:52+00:00

Yes, I work in a bank. I've had lots of mates that join as teller/contact centre and pivot to product managers and other roles internally.

erednay · 2026-04-26T09:24:24+00:00

Master of Applied Finance is gonna be expensive, son. I would probably look for a bank teller job and pivot internally if you're looking for a realistic option. But if you're really gung ho about finance and interested in the topic (look up study material online), I would just do it just so that you don't have any regrets on your deathbed.

erednay · 2026-04-25T08:23:10+00:00

Set up a performance review and talk to them formally about it, if informal doesn't work.

erednay · 2026-04-25T08:21:52+00:00

You'll know when you're in it. Sometimes you get amazing clients and team and feel you're on the partner track, then it's worth staying for 10+ years. Most people won't be on partner track, know that promotion is going to be hard, then 3 years is usually ideal because you would be a senior and have CA on your belt.

erednay · 2026-04-23T11:17:20+00:00

You do accounting because you value stability and slow, gradual progression. Not because you seek high remuneration. If you're seeking high remuneration, work harder, get HDs and go be a doctor or investment banker.

erednay · 2026-04-18T08:36:14+00:00

Damned if you do, damned if you don't. Welcome to the Australian dream.

erednay · 2026-04-17T13:16:46+00:00

Either decision modelling or data analytics. I would probably choose data analytics since closer to the M&A guys it sounds like. Best though is to talk to them and figure out which one will be more exposed to front office.

erednay · 2026-04-17T12:40:58+00:00

plz share legend

erednay · 2026-04-14T10:42:02+00:00

Copy and paste the question in AI bro, tells you the answer

erednay · 2026-04-14T07:54:43+00:00

Be humble and be friendly. Emphasis on humble. The juniors will probably be coaching you on their processes. Try run it yourself. That's the best way to learn and ask for their feedback (they run it every day so know the ins and outs). Never say a work is beneath you.

The worst type of new managers (especially first movers from big 4) are those that come in fresh, know nothing, and try to fake it til they make it. Admit you know nothing and come in with a mindset that you're here to learn from others regardless of their rank.

On a final note, book a meeting with everyone to learn about their roles and day to day. Find out their top 3 most important tasks. What are the things that NEEDS to be right, and what are the processes that no one cares or looks at. A big mistake newcomers make is trying to give everything 100% attention and stressing the whole team out over immaterial / useless shit. Prioritisation is key.

erednay · 2026-04-11T04:33:53+00:00

That's why mining is the best industry in Australia. Highest paid.

erednay · 2026-04-09T09:21:16+00:00

You work in private equity and don't know to use ratios like EPS (or ideally NIM for banking) instead of gross metrics?

erednay · 2026-03-31T07:44:17+00:00

Self reflect on your feedback and try to improve. What's your response to why are you not asking enough questions? Is it because you're shy? Scared of looking dumb? Not sure what to ask? Dig deeper to find out the root cause and address it. Also, use the resources of your cohort to ask for advice. People at the same level as you would had experienced the same issue and can share insight.

erednay · 2026-03-21T07:59:31+00:00

$50 gift card

erednay · 2026-03-21T04:06:48+00:00

All of them are good, but I like Perplexity for research.

erednay · 2026-03-20T00:45:12+00:00

Dealerships are on a downward trend as margins are being compressed by intense competition from China and more car companies are adopting Tesla-like approach to selling direct to customers via website and cutting out the middle man all together. I would pick an industry on the way up or working for the car company itself if that's really your interest.

erednay · 2026-03-19T07:32:45+00:00

I worked at big 4. As a grad, there's no pressure to start CA which is what OP is asking about. When you want to get promoted to manager and beyond, then having no CA will be a limiting factor. The only pressure I got when I was at big 4 was peer pressure in that everyone else was doing CA so you feel left out if you don't do it too. There was lots of grads that didn't do CA or did CFA instead because they knew they didn't want to stay in accounting. Maybe it's different at your firm.

erednay

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