Anyone switched from pwc to EY? Any experiences to share? Pluses: Salary offered to me is $10k more (aside from signup bonus) Become a senior a year earlier Thoughts?

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I moved twice with the same firm and then moved twice between firms so I’ve done my fair share of moving around. Of course the first firm move wasn’t by choice, everyone had to go (if that’s any indication of how long I’ve been in the industry). What I learned about these moves is that it is hard-you have to rebuild your reputation/brand with each move. So while you may get a sign on bonus and higher base pay, you will also work harder in that first year to build your brand within your new firm. At least, this is what I would expect to happen (since it happened with each move that I made). On the plus side, it builds resilience, something that you absolutely need to have in the business world to be successful. On the negative side, it is exhausting. Also, I’ve seen people move to other firms plenty of times, sometimes they stay, sometimes they boomerang back and sometimes it’s a short term stint until they leave for industry. I suggest you make your pros and cons list and then talk to someone you trust that is more experienced than you (coach, partner, mentor, etc) to make sure you aren’t making a short term decision with longer-term negative consequences. I wish more staff would talk to me before they left-career counseling is one of the parts of my job that I love, and one of the major reasons why I’ve stayed for so long.

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One thing comes to mind “the grass is greener on the other side” which is definitely not always the case (although we like to convince ourselves that this is true). Sometimes we have to take it upon ourselves to have “difficult” conversations about our current situations. If you are unhappy with your client assignments, write down what you’re not happy about and then discuss with a trusted person at the firm. Another thing comes to mind when I think about your situation and that is what is preventing your promotion to senior? Is it lack of credentialing? Or is it because you’re not ready to take on the job responsibilities of a senior. I coach/mentor a lot of seniors and managers and it is surprising to me the disconnect between what people think the job responsibilities are, and what the reality is. If the answer is that you’re simply not ready (because you haven’t exhibited readiness through your current job responsibilities) then I would question whether you’ll be successful as a senior in another firm. I suggest you take some time to seriously reflect on the reality of where you are in your career today. If you’re planning on only a temporary stint at another firm to get the title so that you can then move to industry, then I would again have a long think about where you want to take your career and also what your ultimate job would be. It’s ok if you don’t know right now (that’s what a mentor can help you think through) and it’s ok if that changes over time. One thing to keep in mind is that the progression path outside public accounting changes. It becomes much more political in terms of promotions. There are also a lot of levels (analyst, senior analyst, manager, senior manager, director, senior director, VP, etc). I have lived this through my spouse so can tell you first hand how challenging this can be. Your first reaction may be “I don’t care about titles.” This is fine, as long as you don’t care about pay (base, bonus and stock-based)-because title is directly correlated to overall compensation. Hope this helps!

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Cons: EY yellow is uglier than PwC yellow

likefunny

“Same circus different clowns”

likefunny

Don’t discount your network. It is the most valuable thing you take with you throughout your career and will be impacted by a move.

likeupliftinghelpful

Sounds like a good move to me.. don’t know much about EY, but as long as you think their culture is a good fit for you and you feel like it’s what you want, I’d say go for it

likehelpful

The earlier title bump is worth it in my opinion. A new manager with 6 years experience at Pwc would have 0 advantage over a new manager with 5 years experience at ey when you are looking to leave the firm.

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That being said, as someone who recently left PwC, I def miss a lot about the perks, culture and flexibility (which is diff between groups obv)

likehelpful

Your salary will level out. If the salary increase is your only pro, I would try to think of more. I came into Pwc from another firm higher than my peers and now were all generally the same after 3 years.

likehelpful

Make the switch. PWC is the best at auditing, not to say ey isn't good but you ll stand out in the group. The pay bump and title is a definite plus. Benefits are pretty similar, the point about bonuses above is definitely true.. good luck

likefunny

@pwc1 - Same line of service @pwc2 - 🤣🤣

likehelpful

Smaller PA firm, switched from audit to consulting.. I mostly miss the free phone with unlimited data and the well being rewards haha

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Run

likefunny

So I left PwC audit to come to EY FAAS. It was a great move. I don’t know about staying in the same service line though. Not sure it will make you much happier in the long run? I mean 10k is 10k, but it’s still audit

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Negotiate for more than 10k. You need a 25-30% bump to justify the network restart and forfeited/unvested benefits.

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Theoretically - if I leave EY in 2 years and leave PA, does it look any worse if I have pwc and EY on my resume instead of just pwc?

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Go for it

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Becoming a senior is the biggest plus for me. Salary is up there as well, especially since the pwc raises this past year were shit.

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Yeah I agree, they were shy of average. Best of luck to you my friend!

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What pwc5 said. Honestly most lateral hires at PwC end up leaving in a year or two. If that is your intention then maybe that’s ok, but I tend to think it’s because they don’t have the support network and work flows that someone who’s stayed put has.

helpful

I think EY 401k and healthcare are both a lot better in addition to the salary bump

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EY 401k isn't great. 1.5% match on a 6% contribution for positions below manager, and vesting is no longer immediate.

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