Is Consulting better than auditing?

Consultants have it better than auditors in terms of management learning. Entry-level auditors typically work on their own and climb up the ladder to take charge of more challenging projects involving more people.

Is Consulting a prestigious career?

Management Consulting is generally considered prestigious (Lets define “Prestigious” as what MBA schools like the most).

Can you move from audit to Consulting?

3) Having shown recruiters and your peers that it can be possible to move straight from traditional Accounting and Audit to a pure Consulting role, how has your Audit background helped you secure the position? My Audit background was useful for a number of reasons.

What is difference between consultant and auditor?

The key difference is that Auditing’s objective is to provide an independent and objective assurance service to a client. On the other hand consulting is there to provide advise on a specific service or challenge requested b y a client.

What is consulting services in auditing?

Consulting Services – Consulting services are advisory and other service activities include counsel, advice, facilitation, process design and limited training.

Is auditing a good field for a strategy consultant?

Audit is unfortunately not perceived as a prestigious field amongst the strategy consultants (and even the strategy consulting groups within big firms like the one you work for). I think the perception is that the work is more of a transactional repetitive nature, as opposed to big picture strategic oriented.

Do big 4 pay consultants more than auditors?

Big 4 pay Consultants more than Auditors : While at the beginning of a career the gap between Audit and Consultancy is minimal (less than 5 \%), it increases dramatically with experience, up to 28\% for 15 years of experience professionals. Emolument provides bonus and salary statistics based on data submitted directly by professionals like you.

How do I transition from audit to strategy consulting?

A good way to transition to strategy consulting is to get an MBA from a Top 5 or Top 10 business school. What that does is signal that even though audit is not perceived as a prestigious field, according to the top business school that admitted you, you are one of the most talented people coming out of audit.

Is Audit considered a prestigious field?

What that does is signal that even though audit is not perceived as a prestigious field, according to the top business school that admitted you, you are one of the most talented people coming out of audit. This can wipe out any negative perceptions the top firms may have about your audit experience.

https://www.youtube.com/watch?v=1_G9gclK_o0