CADETSHIPS 2012 Discussion Thread (7 Viewers)

[Jinks]

Just comparing my EY and PwC contract, in total after study grants etc PwC worked out to be $800 more (after 4 years), nothing that is going to influence anyone really

 

[tambam]

Are the differences really that great?

My brother dug out his old contract and the one I signed, and we both began on very very similar pay considering the time difference/size of our respective firms.

Guess thats another reason to share a general idea though. People might think they'll get one amount when they'll really get another :/

In terms of the renumeration, there's minimal difference. But for the cadet grant/textbook allowance kpmg is significantly worse than the other 2! (Just did the maths, we're talking over 15k unless my maths sucks.)

 

[Azure]

I have the celebration breakfast with PwC tomorrow and then I will make up my mind after that, at this stage it is an almost even split, maybe slightly on the EY side but not by much. Do you have any advice/opinions on the matter? Would appreciate them greatly!

I'm afraid there's not really much I can say to help except that the breakfast is a great opportunity to get a feel for the firm. I'm not sure how it works at PWC, but if people from your team will be attending (say a partner or seniors) then I'd try and mingle amongst them and try to gauge what their personality is like.

Good luck!

Sent you some info from my cadetship from this year. Hopefully having some more mid tier comparisons will help



Also guys, I applied for another cadetship this afternoon
Slightly different format to most (2-3 days a week) but I'd be able to study at uni full time too.

Can't believe after weeks of finding nothing, today alone I've found two that seem promising

Best of luck. I'm sure you'll do fine with your experience.

 

[MichelleV]

In terms of the renumeration, there's minimal difference. But for the cadet grant/textbook allowance kpmg is significantly worse than the other 2! (Just did the maths, we're talking over 15k unless my maths sucks.)

Wow!
I know between my brothers firm and where I was the difference was huge.
He received $300 a semester to cover textbooks (if you had to go over, you paid for it yourself) and I received $50 per subject taken.

 

[MichelleV]

Yay!
Got a call this morning for one of the jobs I applied for yesterday!

I'll let you guys know how it goes

It will be interesting to compare a larger mid-tier to a boutique firm :3

 

[OMGITzJustin]

Yay!
Got a call this morning for one of the jobs I applied for yesterday!

I'll let you guys know how it goes

It will be interesting to compare a larger mid-tier to a boutique firm :3

which firm was this?

 

[seremify007]

Thanks to everyone who PM'd me. I might try to summarise it into a table or something and then go about sharing it.

Do you think there's anything wrong with publicly disclosing the figures?? I just dug up my pwc,kpmg and ey contracts from last year and there are some significant differences lol

Some contracts have a non-disclosure clause on the terms, and some people just want to remain anonymous by not sharing which firm they got offered. Either way, I'm happy to anonymise the data (simply by not keeping track of who sent me what).

Just comparing my EY and PwC contract, in total after study grants etc PwC worked out to be $800 more (after 4 years), nothing that is going to influence anyone really

From memory though, at least in the past, PwC gave a blanket $500 per semester to cover textbooks without requiring a receipt for reimbursement whereas other firms were either only willing to reimburse based on receipts, or upon confirmation of results (i.e. passing).

Either way though, what is more important I'd say is the salary differences later on and the rate of progression. e.g. a firm which promotes everyone to senior automatically (but on a significantly lower than average "senior" salary), a firm which pays bonuses, etc.

 

[seremify007]

Yay!
Got a call this morning for one of the jobs I applied for yesterday!

I'll let you guys know how it goes

It will be interesting to compare a larger mid-tier to a boutique firm :3

Good luck

 

[MichelleV]

Excellent news! I got offered the job then and there!

I start on Monday

I'm getting (significantly) more pay than I did at my old firm, plus it's extremely flexible with uni. I'm working 3 days a week and have the other two for uni, but in holidays I can do 5 days, and If my timetable means I need 3 days for uni, I can do two days of work.

Everybody seemed extremely nice (and it seemed rather casual compared to my old firm)

Hopefully this works out well, I'm so excited

 

[MichelleV]

Hahaha

I just realised that my rate of pay is so much better, than working for 3 days gives me what I made in 5 at my old firm.

I didn't notice that until about ten minutes ago xD

 

[DR11]

Hahaha

I just realised that my rate of pay is so much better, than working for 3 days gives me what I made in 5 at my old firm.

I didn't notice that until about ten minutes ago xD

Congratulations! Which firm are you at now?

 

[MichelleV]

Congratulations! Which firm are you at now?

It's a boutique practice based in Castle Hill
They only have about 12 staff.
I'd give the name, but there are far to many lurkers on these threads for me to feel comfortable with

 

[mishme]

Hi all I was just wondering how many hours a week should a cadet look at having to work?
I've been offered one at a mid-tier firm and they say that it will be 37.5 hours a week with a lot of overtime work. During my interview, they did mention having to work 9 - 9 sometimes ..

 

[MichelleV]

Hi all I was just wondering how many hours a week should a cadet look at having to work?
I've been offered one at a mid-tier firm and they say that it will be 37.5 hours a week with a lot of overtime work. During my interview, they did mention having to work 9 - 9 sometimes ..

My old firm was 8.45-5.15, so 7.5 as you were offered.
I didn't have much overtime however (generally if I did stay back it was because I had been working on something and wanted to finish it that day)

What field were you looking in?

I do recall my old firm mentioning the audit cadets may have to stay late in busy periods...

 

[mishme]

What field were you looking in?

I do recall my old firm mentioning the audit cadets may have to stay late in busy periods...

Corporate Recovery =/
Did you quit your old firm?

 

[MichelleV]

Corporate Recovery =/
Did you quit your old firm?

Yeah, I left at the end of last month.
I was in insolvency and I really wasn't happy there.

Corporate Recovery is pretty insolvency. To be honest, only the more senior staff stayed longer. Most junior staff only stayed back on occasions where things -had- to be lodged that day (eg. Asic lodgements) and on 'day 1' where certain tasks had to be completed on that day (and there is a few to do )

I'm going to be honest, the only people who did like 9-9 days though was one of the partners, and he was forever at work. And I mean weekends, holidays, 7am early. All.the.time.


I have a new non-insolvency job now

 

[mishme]

Yeah, I left at the end of last month.
I was in insolvency and I really wasn't happy there.

Corporate Recovery is pretty insolvency. To be honest, only the more senior staff stayed longer. Most junior staff only stayed back on occasions where things -had- to be lodged that day (eg. Asic lodgements) and on 'day 1' where certain tasks had to be completed on that day (and there is a few to do )

I'm going to be honest, the only people who did like 9-9 days though was one of the partners, and he was forever at work. And I mean weekends, holidays, 7am early. All.the.time.


I have a new non-insolvency job now

Why didn't you like it? D:
Was it easy for you to get out of your cadetship?

Yeah, I didn't really expect to either but it says so in my contract and my interviewers kinda emphasised that point
Man what a dedicated partner! haha

 

[karenpvs]

Does anyone know how much time we're given to return the contract?
I just received a notification for a reserve position for the BAcc course and hope to discuss both options with my careers advisor, could anyone here give a slight insight into the pros/cons of BAcc to a mid-tier/first-tier cadetship

 

[aslhui]

hey just wondering what else mid-ter firms did u guys get offered! anyone in camphin boston? etc...

 

[MichelleV]

Why didn't you like it? D:
Was it easy for you to get out of your cadetship?

Yeah, I didn't really expect to either but it says so in my contract and my interviewers kinda emphasised that point
Man what a dedicated partner! haha

I had no idea what to expect with insolvency. I guess the type of work I was doing (and looking at what seniors did) wasn't where I wanted to head. The team dynamic, I guess you could say, also wasn't fantastic. I was directly working with one associate and 4 seniors, and I don't know how many times I heard "but my work is more important" because they wanted their stuff done first

Wasn't hard to leave at all. I was on a 6 month probation period, and I resigned within that period, so i only needed to give a weeks notice. After that it would have been a month. But all the staff were very understanding about why I was leaving. (Everyone was nice, but together it just didn't gel that well )

They might also just want to to be aware of the fact you may have to work overtime so it doesn't come as a shock. If you suddenly had to stay back late for a month or something, you'd probably get pretty agitated because you didnt expect it.

Does anyone know how much time we're given to return the contract?
I just received a notification for a reserve position for the BAcc course and hope to discuss both options with my careers advisor, could anyone here give a slight insight into the pros/cons of BAcc to a mid-tier/first-tier cadetship

I believe seremify007 said a few weeks ago you had several weeks or something. Considering you don't actually begin until next year, it's probably not essential you return it tomorrow or anything

hey just wondering what else mid-ter firms did u guys get offered! anyone in camphin boston? etc...

Haha, the day I started at my old job, Camphin Boston kept calling me to arrange an interview. It was so awkward because I couldn't answer my phone, and I ended up never replying. I felt awful afterwords, but there was just no time I could call them to tell them I had accepted a position elsewhere D: (Plus it took them over a month and a half to respond to my application...)