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I still think you make more in PA than in industry at the manager and above level.
I'm interviewing and there is no promotion fast track in industry. There are barely even promotions in general. There's also very little to no working from home
Now I feel like industry also offers similar benefits and sometimes better depending on the company. What makes it worth it to stay in PA?
^ overly broad statements are always silly. Plenty of people in industry have better benefits and work from home regularly. Just depends on company
I work in industry now at a big bank. They still favor people with PA experience over those who start off in their programs.
This is extremely relative to what firm you join in industry. The firm I moved to in industry has a more desirable promotion track and managers and above absolutely get paid more than managers and above in PA. Work-life balance and benefits are about 1000x better too. It's a Fortune-10 company so maybe that's why but stop drinking the Kool-Aid and gtfo out public accounting as soon as you can if you don't want to stay to partner.
Because training auditors on the firms audit methodology is pointless 🙄🙄🙄🤦♂️
Depends on your industry. I'm annoyed at A1s comment on how their company values external hires more than internal employees. Really sick of these types of clients
Recently I've been debating whether or not I want to leave PA, one of the biggest thugs keeping me in PA is the trainings that we get yearly. I had training last week and I can say that I most likely would never receive that level of training anywhere in industry
PA shortcuts the first ten years of your industry career into five. Obviously there's exceptions. Generally industry is a pay bump then longer to promo and lower raises until you get there.
PA is an investment in your future essentially. You are learning a lot of things and obtaining valuable experience which you can leverage for positions in the future. Because of this, you are paid less.
It's a big company, but in the accounting space everyone with public experience seems to move up faster. It's definitely the bias of once you get a manager or above from PA, they always end up hiring people who also have the same background.
@ey1, training is fun but it's useless once you are out of PA
@EY 3 what do you mean? how is training useless?!
EY training half the time is about their stupid forms and methodology. That's not applicable outside of the company really
Exactly! And you think you know how about how to test all the accounts etc. but that doesn't mean shit once you are on private side. There is one way to teat dividend but there are 10 types of dividends out there and 100 different ways to book it.