A colleague of mine who is also an auditor just jumped ship for a $20k raise, which makes my upcoming merit increase look like pocket change. It feels like staying loyal is just leaving money on the table. Is job hopping the only path to a decent salary in industry accounting?

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Loyalty gets you nothing. O learned that the hard way after 15 years in PAS. Luckily my relationships and contacts helped me pivot in POF

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pretty much

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Keep in mind that a new job comes with extra work such as learning new processes and technologies, getting to know people, prior year WP, etc.

Youll get more money upfront at the cost of added work in your first year, then it get smoothed out over the next few years.

Whether it is better to stay at a company or move around depends on your career stage and goals. Moving companies every 2–5 years is generally better for maximizing salary (6.8% vs 4.7% pay growth) and accelerating career growth. Staying at one company is superior for stability, deep professional relationships, and accumulating benefits like pension plans.

Key Considerations
Salary and Growth: Job hopping is generally the most effective way to gain higher pay and faster promotions, as internal salary increases often lag behind market rates.
Skill Set: Changing companies offers broader experience across different industries and technologies, while staying in one place allows you to gain deep, specialized knowledge.
Stability vs. Risk: Staying put offers comfort and security, whereas frequently moving can look bad to employers if it happens too quickly (job-hopping stigma).
Lifestyle: A comfortable, long-term role may provide better work-life balance and long-term benefits (PTO, retirement).

Ultimately, staying long-term is often best for leadership positions where trust is crucial, whereas moving is better in the early-to-mid career to boost income and diversify experience.

Who still gets a pension? Lol

funny

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