Why People Leave Big 4 Firms

Here are five common reasons why people leave Big 4 firms:

Late-Night Working Hours 

Long hours are a reality in consultancy, especially during peak seasons. In audit, I experienced early morning starts and midnight finishes for months on end. While the learning was rewarding at first, continuous late-night work is exhausting. Many colleagues found the constant demand on their time mentally and physically draining, leading them to leave. 

Managerial Issues 

A supportive manager can make intense work pressures manageable, while a difficult one can make the job unbearable. In unfortunate cases, like that of Anna Sebastian, the impact of managerial pressure can be severe. Good managers provide support during busy times, but poor management can create a toxic environment that prompts employees to look for opportunities elsewhere. 

Excessive Pressure 

The workload at Big 4 firms is high at all levels. Associates may face pressure, but it intensifies for managers, who have to handle multiple clients, manage staff, and communicate with partners. This juggling act places enormous stress on managers, contributing to high turnover. 

Office Politics 

Workplace politics are common and can undermine a supportive environment. A senior colleague once reminded me that, outside of family, few people truly wish well for others. The competitiveness and backstabbing in such a high-pressure environment can make work feel hostile, leading some to seek a more positive workplace. 

Prioritization of Client Needs Over Employee 

Welfare Big 4 firms often prioritize client demands, even when they’re unrealistic. Partners frequently agree to unreasonable client deadlines, leaving employees to shoulder the workload. This disconnect between the partners and their teams can make staff feel undervalued, driving them to seek a company where employee welfare is a higher priority.

Note: While these issues are prevalent, not every partner or manager operates this way. There are indeed supportive and understanding individuals within Big 4 firms, but these positive exceptions can sometimes be overshadowed by the challenges.

FAQs

1. Why do Big 4 employees work such long hours?
Big 4 firms handle high-stakes consultancy and audit projects, especially during peak seasons. The demand for long hours stems from tight deadlines, high client expectations, and the competitive nature of the work.

2. Can you succeed in Big 4 without facing these issues?
Success in a Big 4 firm is possible and many enjoy fulfilling careers, especially with supportive managers. However, resilience is key, as the pressures and demands are significant.

3. Are these issues exclusive to Big 4 firms?
While common in Big 4 firms, these issues can exist in other consultancy firms and high-pressure industries as well.

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