Is it Possible to Join KPMG, Deloitte, PwC, and EY Without a Degree?

The question often haunts individuals who are passionate about the accounting and finance industry but have not pursued a traditional university degree. Can one join the prestigious Big 4 firms like KPMG, Deloitte, PwC, and Ernst Young (EY) with certifications from organizations such as ACCA, ICAEW, or CIMA? The answer is not black and white, but there are ways to make it happen.

The Case of Baker Tilly

A recent example from the UK illustrates that it is indeed possible to gain entry into these firms without a degree. The daughter of a friend of a friend secured a place on a trainee scheme with the 9th largest firm in the world, Baker Tilly, at the young age of 18. She managed to balance working full-time and attending college one day a week on a day release program. She qualified as a CIMA after four years.

By the fourth year, she had accumulated three years of work experience and had become quite an experienced auditor. She even mentored junior graduates who had only just started their careers. This experience gave her an upper hand in interviews and negotiations, leading to substantial pay increases. By year five, she left for a better pay rise, showcasing the importance of experience and qualifications together.

What Does the "Licensed" Status Mean?

One of the ways to gain initial entry into the Big 4 is by being "licensed." This means you have passed a series of certification exams and may have even secured a bachelor's degree along the way. The licensing exam results become a significant part of your resume and can be a deciding factor for recruitment. Given the size and resources of these firms, they often recruit directly from colleges.

Completing ACCA Papers for a Degree

Another route is to take on the ACCA (Association of Chartered Certified Accountants) qualification. It is indeed possible to have a bachelor's degree in progress while completing ACCA. This dual qualification can be a decisive factor in getting hired by the Big 4. For example, if you manage to pass all the ACCA papers at your first attempt, it is a strong positive signal to the firms during the recruitment process.

Strategic Entry and Advancement

For those who find it challenging to meet immediate entry criteria, the path is not entirely closed. With the right approach, it is still possible to join these firms. Here is a strategic plan to follow:

Pass the Entrance Requirements: First, ensure you meet the minimum entry requirements set by your country's ACCA, ICAEW, or CIMA. Gain Practical Experience: Work with a small to medium-sized practice firm that handles statutory audits while you are studying for your certification. This will give you real-world experience and make you a well-rounded candidate. Ascend to a Larger Firm: After completing your accreditation within three years, move to a larger practice firm and aim to become a senior auditor in two to three years. This step enhances your credibility and experience. Apply to the Big 4: By the time you have completed your ACCA and gained relevant work experience, your chances of getting into the Big 4 significantly increase. Prepare your resume well and emphasize your hands-on experience and certifications.

The Big 4 are always on the lookout for talented individuals who can add value to their firms. Therefore, listen to those who have shared their success stories and take their advice seriously. With hard work and perseverance, you can achieve your goals. Good luck!