I chose to go for London office. A day after having my interview at London office I received an email saying that I passed the interview but they are unable to offer me a position for the same reason exactly! London office was also filled out and guess what, according to them, there is no more vacancies in TS nationwide. It seems that they are gradually beginning to understand that they are, as you mentioned, as vulnerable to an economic downturn as any of their clients.
At last I chose to accept a deferred entry for 2009 but unfortunately that was an audit offer which they are claiming would be transferred to TS when they set their recruitment targets in Autumn. Now reading the shocking news of axing 90 staff in KPMG’s CF/TS makes me nervous about my future career. I think they might ultimately break their promise again and ask me to choose between staying in Audit or terminating my contract. I thought because of your knowledge of Big 4, you are in a position to be able to predict if the Big 4 is going to recruit in TS for 2009 given the recent economic climate.
Well, this is very interesting. So they are making students go to multiple interviews, then telling them there are no slots. Instead of not recruiting, or taking offers back, they are making deferred offers.
Do you feel it is a strong commitment? What are you going to do between September 2008 and September 2009? What can you do if they change their mind before September 2009 and take the offer back? Sue them?
If you have a letter for Audit for September 2009, take it, accept it, and then keep interviewing. Check with other firms that say they are not going to have redundancies in TS. What is their practice for September 2008?
I doubt, unless something very dramatically positive happens in the economy, that you are going to be able to switch to TS either at September 2009 or within at least two years afterward. So you will have to decide if you want “a job” or want to wait for a specific job…Sorry to be negative, but this sounds like a very unprofessional approach by [this Big 4 firm.].
Many thanks for your email. I accepted the Audit offer for 2009 with the possibility of being transferred to TS later but I doubt that would happen. The thing is I could have changed my service line and start in Audit/Tax this year but they told me in this case I have to do another interview with a partner from those service lines. I decided not to that since it would have been my fifth interview in a row for this job.
I had an interview with [and investment bank] for a position in Corporate Finance in early February. After the interview the HR guy told me “although I am not supposed to provide immediate feedback, I have to say your answers seem pretty good and your score in our online tests is in the 90th percentile, so it is quite likely that you’d pass”. I received an email from them last week (3.5 months after the interview!!!) saying the bank is not recruiting in CF anymore but they are happy to consider my application for Sales/Trading.
time last year so I’d imagine they wouldn’t mind to cut back a few of new joiners particularly those who need work permit/visa.