Been at my firm for 2 years and still not getting promoted to senior. It’s annoying to see my peers get ahead while I still stay as staff. I’m at a small firm right now and thinking of going to a regional/middle market firm. What qualities are required for an “audit senior” and/or “experienced associate”? Not sure what I’m doing wrong........

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Sounds like you know why you are not getting promoted - it seems like you need to work on your critical thinking and not SALY your work. Critical thinking is the hardest to improve upon since it’s not just a behavior you can catch yourself in and stop doing. A few suggestion:
1. Ask your in-charges to give you a high level of what the risks are
2. Don’t simply roll forward tick marks and procedures. Thoroughly read the tick mark in PY and make sure you understand before you add it in CY
3. Ask questions such as: I noticed we did this in PY. I haven’t seen this before - can you help me understand purpose of it? Should I follow the same approach?
4. Google assertions for account type and common procedures so you can link them in your head
5. If you are unsure of whether to do something or not, always ask!

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I can relate but It’s always better to ask and prevent rework!

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Kindly bust down some partners doors to see what specifically held you back because you would like to improve upon those things. If they didn’t tell you that already, it’s BS.

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In terms of procedures I would try to understand the purpose of testing and go over with the senior as well. I would ask something along the lines of “I want to make sure my understanding of xxxxx is correct” and walk through my thought process. I would find there were sometimes gaps in my way of thinking that the senior would point out.

Annoying? I would be infuriated and instantly find the next best job as it sounds like your doing already. Sorry to hear your going through this. I’m not in audit, but im sure it works the same way in tax, and I wouldn’t stress about being qualified as spending 2 years in public accounting pretty much inevitably gives you the experience to become a senior. If your looking to sharpen a skill most seniors have, imo that would be the ability to delegate work. The best seniors I have worked with are the ones who take the time to invest early in new staff, so that going forward such staff becomes that much more useful to the team, while you help yourself become a better leader (kill 2 birds, w/ 1 stone kinda deal).

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P.s. I haven’t even been here a full year. I’m here 10 months. I just onboarded in Jan so we like skipped 6 months or so extra that it would normally take to make the advancement to TCII. Moral of the story is, as soon as you get those under your belt working for you, in managements eyes you seem that much more fit to progress into a senior roll, cuz at the end of the day, that’s what a senior does..

Have you gotten performance reviews? What do those say?

I’ve had mediocre reviews. Mostly related to my understanding of certain procedures. Sometimes it takes me a while to “get it”. But I always get my work done and haven’t caused any significant delays.

I also got held back. Pretty pissed because I got rated a 2 (1 being the highest). Partner said nothing for me to do better, just no business need at the senior level. “But another year as associate means you can easily get to a 1 since you’ll be doing senior work”

D2 yeah, honestly. I booked the meeting with him because I was pissed to hear I wouldn’t be promoted. He said that to try and make it sound like it wasn’t a bad thing. Imo made it worse lol.

Oh well

It’s not uncommon to be held back after 2 years. Most people are promoted after 2 or 3 years. You were given the reasoning behind it. It doesn’t mean that you are worse, it just means that they think you aren’t ready. One whole year (or maybe half of there are mid-year promotions) is not the end of the world.

What can I do to be ready? I feel like I’m doing everything I can.

One year in the grand scheme of things in a long public accounting career is nothing. Besides that, what are you so pissed about? They told you exactly why you didn’t promote, that you had “mediocre reviews” related to procedures and efficiency right? So why be pissy about it and threaten to leave? Do you like everything else about your firm? Would it be worth it to jump ship already because you didn’t get promoted? I don’t know, seems kind of rash from here. I suggest just learn from the feedback and don’t take it so personally.

I don’t think going from a small firm to a bigger firm would be any better. You might have more opportunities there but the same critical thinking would be expected of a senior. I’d suggest following the advice above and taking a step back to truly try to learn the “whys” of what you’re doing.

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