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1 person found this helpful  

Similar to the big 4 but without working as much

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Grant Thornton International

Pros

There are several advantages to working for Grant Thornton. Firstly, you don't work as much as the big 4. Secondly, you will have more opportunities to grow and learn new things in the first year, probably a lot more then at the big 4. The firm is smaller, and as such, there is more opportunity to interact with partners, and senior management. They also tend to pay entry level people a little better, and you get top quality training, and the ability to work on some large public companies depending on your office. While they aren’t the big 4, they have enough name recognition to be considered reputable on a resume (although don't expect to become CFO of GE).

Cons

They tend to pick up the clients that the big 4 drop, and those clients tend to be more trouble then they are worth. Work isn't divided evenly, and as such, the people who are competent end up working hundreds of more hours then those who are not as competent, and the pay difference between the two is very small (usually within $500-$1000 a year). While your salary is very good when coming out of college, as you progress to the Sr. Associate level, the number of hours worked compared to the pay is just crazy. Currently they appear to be a little too middle manager heavy, and as a result it is becoming harder and harder to make manager, and as such, the good people are leaving, the incompetent ones are being encouraged to leave, and the mediocre stay put because they don't know what else to do. 401k matching is weak, pension is a joke, Dental insurance is too expensive for the coverage that is provided, and partners seem to be more interested in hoarding money for themselves instead of retaining good people. They also seem to be more interested in hiring Big 4 people(who tend to be less competent then some of the top performers that they already have), and paying them more then current employees at the same level instead of giving that money to current top performers. There are a few exceptions to this rule (specifically when they bring in partners from the big 4), however this in turn frustrates current Sr. Managers because it means they have to wait even longer until they get to become partner, which in turn causes the good ones to leave and seek greener pastures. Also, because most people are hired out of college, you have to be careful of gossip and rumors, because they spreads like wildfire and creates a lot of hostility.

Advice to ManagementAdvice

Base compensation on the amount and quality of work performed instead of paying everyone the same (or at least base bonuses on this). Offer better benefits. Overall the firm is ok, but a decision has to be made, as to whether they want to be a performance based growth firm, or copy the big 4 business model. Right now it seems like they are taking the "Big 4 Light" approach, which works, but like the big 4 you will chase away top quality people, fire the poor performers, and be left with a firm that is mediocre.

No opinion of CEO

176 Other Employee Reviews for Grant Thornton International (View Most Recent)

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  1. 1 person found this helpful  

    Decent place to begin an accounting career, well recognized firm that doesn't abuse the employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Audit Senior Associate  in  Atlanta, GA
    Current Employee - Audit Senior Associate in Atlanta, GA

    I have been working at Grant Thornton International

    Pros

    It is a well recognized international firm that isn't one of the "Big 4", but looked at by potential employers just as well. Overall the partners and managers take a real interest in training and overall they do care about the employees. Overall its a good firm to get public accounting experience, but not sure its worth staying to hopefully reach partner one day.

    Cons

    Although they try to really promote the idea of work life balance, it is nothing more then marketing to attract employees. From what I hear from people at the "Big 4", its not as bad, but not a lot better either. Grant Thornton promotes itself as in a category of 1, only because they are not a Big 4. They are without a doubt will say they are a category of 1 until they are known as part of the Big 5, where they seem to want to be unofficially.

    Advice to ManagementAdvice

    Senior management needs to be more open as to where employees can be over the years financially as everyone is really in the dark as to what different level employees actually earn.

    No opinion of CEO
  2.  

    This place is an average place to start your career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Audit Associate  in  Houston, TX
    Former Employee - Audit Associate in Houston, TX

    I worked at Grant Thornton International

    Pros

    You learn a lot b/c you get to see more sections of an audit. The culture is one where you will make a lot of lifetime friends.

    Cons

    You work the same as Big Four and you get paid less. The actual benefits aren't great. HR is a joke. There is a big gap between senior management and lower level employees.

    Advice to ManagementAdvice

    Reward your employees on an ongoing basis rather than once a year. Verbal praise is better than nothing at all. Gift cards would be nice.

    Recommends
    No opinion of CEO
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