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Counteroffers: What can you typically expect (% or $) from a big 4 company (audit)? After telling your engagement partner that you have an offer, what’s the best way to ensure you get a counteroffer without bad blood? Thoughts on if you should actually take the counteroffer or not? Those who accepted a counteroffer, how did it impact future progression, bonus/salary increases, any other details?

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Most firms don’t negotiate with terrorists unless they are DESPERATE.

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My old coach used to tell me that anything less than 20% isn’t worth it. Moving firms is a lot of work and more stressful than anyone realizes. You’ve got to learn new systems, new processes, new workpapers, build new connections, any goodwill you’ve built is gone, you usually pick up everyones shit clients that they got stuck with, etc…. I’ve moved once and it was a 5% bump, 30k bonus, and less hours. My coach wasn’t wrong about moving firms being hard, but it wasn’t that bad. Just do your research to make sure you’re not walking into a shit show and use the interview process to interview the firm as much as they are interviewing you. My previous firm never once gave a counter offer to anyone who gave notice, my current firm doesn’t either, and my buddies at other firms have had a similar experience. It comes down to a business decision, is it worth it to pay someone more to try and keep someone who has been actively looking to work elsewhere? 10/10 it isn’t for an associate. They’re easily replaced, new staff are cheaper, and the firm should have a fresh batch of new staff coming in once or twice a year at a minimum to replace them. We plan for turnover and fully expect yearly attrition to happen. For seniors, 99% of the time it isn’t worth it. Not all seniors are equal and for many they get the title because they’ve been with the firm for X amount of years. There’s always experienced staff who will step up and take on those senior roles while not officially being a senior. As long as the firm has a solid recruiting pipeline (PwC definitely does), they’ll just fill the holes with new staff and if they need to, they’ll extend offers to those they wouldn’t have normally been given an offer to if attrition is higher than expected.

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I got counteroffer when I gave my notice. They asked if they could have some time to figure out a counteroffer. I really think it’s better to be prepared to walk out the door that day and if they want to counter they will, which I was (and did).

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Well congrats on the offer you took! That had to have been an amazing offer. Thanks for the reply!

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