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I work for a large bank and reporting. Got a 20% bump and am much happier. Way more legit opportunities for growth. No point in staying in public if I don't want it to be my career. Staying until manager isn't always worth it. It's just the myth they've been telling everyone. Leave when the right opportunity is available as long as you've had experience as a senior.
^you show your ignorance. You've got no idea what my experiences have been, so how could you ever know that you've experienced things I haven't? Speak for your own experiences and not for mine. I've been acting manager of engagements, met with CFOs, been part of the conversation on the biggest issues at clients. Instead of trying to talk down on others, how about you just speak to your own experiences. That's all you really know.
OP here. I agree. I'm very close to a former B4 senior manager. His biggest regret is staying too long knowing he wouldn't make partner. Thanks for the insight all.
Once you hit senior manager you get pigeonholed into IA positions. You've got no corporate experience so large companies won't hire you on as an AC or controller. Multiple SM at my clients left B4 as SM. Recurring theme from each of them? Wish they would've left sooner. That and they also wish they'd left audit and gotten into advisory.
They're probably collecting a nice paycheck and have a great work life balance. Also, be selective when you leave. I left EY and ended up somewhere with way more growth potential, work life balance and just as prestigious.
^aggressive post. Obviously staying until manager also presents good opportunities, but you're kidding yourself if you think that one "must stay until manager". I can tell you first hand that industry cares more about number of years experience and the types of experiences you've had (technical expertise, types of clients, etc...) than about title. At the end of the day you need to sell your new potential employer on what you know and what you can bring to their company. You're selling yourself as an asset. Some title that a public accounting firm gives you doesn't do that. Experienced seniors and new managers will have the same exit opportunities from public. You're tripping if you think some magical door opens up with opportunities just because you have title manager.
It's all about the skills you pick up. Most seniors have had opportunities to manage staff, create budgets, etc... All the skills you're trying to sell to the new company on. I left public as an experienced senior and was offered multiple rolls at the manager level in industry. It's 100% about how you sell yourself rather than your B4 title. Is it easier to get a foot in the door as a manager? Sure, but once you're in its on you to sell. I beat out other candidates who were managers in B4. I sold myself better than they sold themselves.
^ the work I've been exposed to, conversations I've been a part of, expectations I've been held to, etc. as a manager is completely different than as a senior. I'm not talking about exit opportunities, I'm talking about experiences that challenge and motivate me and make me better as a human being.
Sorry you never had the opportunity to experience it (I'm not tripping, nor on the partner track - just wise enough to appreciate what I got).
Wow, senior 1, you sound really difficult.
Bottom line is public accounting isn't for everyone. My experience was beyond miserable and I spent half the year in busy season. Public accounting isn't the only place with lots of opportunities to learn and grow to help your career. I always thought I would stay until manager, but why not leave and go somewhere where I could start a career and continue to learn and grow a lot.
5 years is senior at PwC...
Why do you say they're doing dead end work? What level of staff are you looking at? Are you looking at managers in industry or staff accountants?
Ey1 where did you end up?
Stay till manager
^ the guy/gal that didn't stay till manager, says staying till manager is bullshit. In case you haven't noticed, everyone at a bank is a VP. No way your opportunities are better than mine. Sorry you couldn't cut it at EY.
Except a VP is the equivalent of a senior manager without all the bullshit and they make way more money earlier on. If you ask any manager who left public they usually say they wish they left sooner. They tell people to stay until manager so they last longer as seniors. They also started pushing that you should stay until senior manager so they have more managers. Chances are you won't become a partner, but will shave years off your life because they string people along forever. Also, pretty sure @PwC1 is one of the people that is taken advantage of and just dump all their work on. I'll take quality of life and not shortening my lifespan.
So please explain to me what challenged you've faced that us lowly seniors haven't.
The actual trend in big 4 is that people are being exposed to a lot more earlier on in their careers. Ask any partner and they will tell you that the amount of work/responsibility people have is continuously being pushed down.
^ I'm a lot of things, but ignorant is not one of them. Seems I've struck a nerve or touched on a topic you're self conscious about.
Great you've sat in on a meeting with a CFO. What about leading discussions with a public company audit committee? Leading difficult discussions with client leadership? Participating in orals for proposals? Coordinating conversations about complex issues with the national office and papering memos on those issues?
Perhaps you had all or many of these experiences, but I don't know of any seniors that have.
More power to you if you want to leave as a senior, there's plenty of decent exit opportunities. No way they're better than leaving as a manager.
^then how did I beat out managers for my current opportunity?