Is moving from Big 4 audit into industry actually harder than people make out?
I've been job hunting for about 6 weeks after leaving Big 4 audit and honestly, I'm finding the move into industry a lot harder than I expected.
For a bit of context, I qualified with my ACA at PwC and then left soon after to go travelling for 6 months. I've now been back for a couple of months and am keen to get back into work. I'm lucky that I've got savings and am living at home at the moment, so I'm not in a position where I need to take the first job I can get, but I also don't want to be out of work indefinitely.
Everyone always says doing the ACA and qualifying in audit opens loads of doors, but so many jobs seem to want someone who already has industry experience doing month end, management accounts, reconciliations, budgeting etc.
I've applied for a mix of Accountant, Financial Accountant, Management Accountant, Finance Analyst and Financial Reporting Analyst roles. I also have previous Finance Assistant experience, so it's not like I've never worked in a finance team, but I'm still finding that I don't quite tick the box for the hands-on experience employers want.
I'm mainly targeting smaller to mid-sized businesses rather than huge corporates, ideally somewhere I can get broader exposure and be more involved across the finance function. Interestingly, I've found that Big 4 experience can sometimes almost work against me here. I've spoken to companies that have been wary that my experience is mainly with large, complex clients and have preferred people from smaller practices who may have worked with businesses more similar to theirs. Which I completely understand.
Over the last 6 weeks I've applied for 41 jobs:
* 11 rejected with no interview
* 1 made it to final stage and was rejected
* 2 first-round interviews, waiting to hear back
* 26 with no response yet, including 8 I applied for over 4 weeks ago
I haven't been mass applying to random roles, I've only being applying to ones I'm genuinely interested in and where I do match a decent amount of the requirements.
And I want to be clear, I don't think I'm entitled to these jobs or that working at PwC gives me some automatic right to walk into an industry role. I knew there would be a learning curve and that there are things I simply haven't done before. I've obviously been trying to frame my experience in audit to match with the job requirements.
I'm just starting to wonder what the actual route out of audit is meant to look like. For people who have made the move, what roles did you actually go into after audit? Did you go straight into financial/management accounting, reporting, FP&A etc., or did you have to take a step back first to get that hands-on experience?
Also, is the job market just particularly slow over the summer? I'm wondering whether things typically start picking up again in September, or whether this is just what the market is like at the moment.
Would be really interested to hear other people's experiences.