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True or false?
Advice needed - boyfriend has almost 3.5 years of finance experience at a bank. Interviewed for PwC valuation senior associate and now recruiter says they want to hire him at “experienced associate” because he has no valuation experience. Is this too big of a step backwards in career? Should he push back and see if it gets him anywhere? If he does accept Associate, is it reasonable to ask for written, definitive timeline (1 year?) for promo to Senior upon meeting standards? Help!
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Whether it is going from big4 to MM or MM to big4, they will always pay you more to make you switch.
The house always wins. You cannot defeat capitalism.
BDO offered me 15% more than my current salary as a newly promoted senior
The logic behind this is they can take advantage of the bigger firm’s investment in training. They then slow the pace of raises over the next few years/levels to even things out.
So you have actual insight into the compensation schemes of multiple firms? Also, given how low the average tenure is in public accounting, why would the next few years be meaningful?
Rising Star
In my observation, middle market firms used to pay more than Big4 pre-COVID, but recently this has flipped and now B4 pay more than MM for external hires.
Chief
Yes, but what you should really look at is what are your raises going to be the next year or two. I’ve seen 0% raises the following year even though they were not paid that much more than others of the same level. I’ve also seen where raises were still good even after the firs year.
They pay more to start but raises are much smaller. Benefits also suck … less PTO / shutdowns, more expensive health insurance, fewer team outings, no overtime meals, harder to advance.
Not in my experience. B4 was offering more at Manager level
Depends on LoS tbh
Big4 pay more once you make manager. About 10-20% more than midsized. Before manager it’s below or on par than midsized.
That’s just a former B4 convincing you (aka BS). Its PA. Its all the same
Pay is garbage in mid tier firms. Don't do it.
RSM to Midsize firm for 35% more M1 MCOL
Pro
No it’s big 5
M1 went from $135 B4 to $170 small-mid
Pro
Who really cares? Unless you are totally and completely desperate for cash at this very moment, all that matters in the grand scheme of things is your exit ops. In the long run your exit ops are more varied and lucrative at big 4. end of story.
What about do them both and boomeranging. Start big 4 until senior 2/3, go to mid market and make significant more money over the few years, go back to big 4 for SM for another pay bump and cruise there for a couple years until you find your dream exit op?
Crowe offered me a promotion from staff to senior and a 20% salary increase when onboarding. So I’d say so.
After making senior at PwC, I moved to GT and received a 25% pay bump. I made much more than both my PwC and GT peers. Definitely true.
Hire me
20k higher from top 10 firm than big4 firm
Here’s the answer: it depends. There are way too many variables.
Left Big 4 end of 2020 as s3 at 89k. Top 50 hired at 115k. Since then been given raises twice a year and sitting at 150k.