Accounting

Any thoughts on exit opportunities at audit senior manager vs audit manager?

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There’s definitely a better chance to land high profile positions, but the risk is that some companies may see no transitional value, as a SM has been in audit for so long, and that’s all that private industries may see. Of course, we know that’s not entirely true, but that’s just what some private companies may see. Also, some companies may not be willing to hire at the SM level because they feel that you have become too expensive. I personally feel like manager is he optimal level to exit, since there is a good mix of technical capabilities with solid leadership, and you’re not too expensive for companies to hire. Whereas, as an SM, if you’re making anywhere between the 150-200k range in public, you’re definitely going to exit and ask for companies to match at least that, if not higher. Just my two cents. Hope this helps!

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We just had a senior manager leave a few weeks ago and based on my discussions with them the job search did actually prove frustrating for many of the same reasons PwC 1 mentioned. They ended up in a technical accounting director type role and are quite happy but said that most companies they talked to about controller/finance type positions had no interest due to lack of practical experience or because they were priced out of the role due to current salary. That said the role they did find sounds pretty great and they definitely would not have gotten it as an audit manager...so there are pros and cons.

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As an audit manager who put in my notice yesterday, this convo makes me very happy. 40% pay bump & a life again outside of my 6/30 & 3 12/31s

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