Currently a first year senior in regional firm. I just got off the phone with a recruiter at big 4 and they want to offer experienced staff position with almost $10k lower salary. Any thoughts?

likefunny
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What? Take a pay cut and lower title? Are you desperate to join B4? Accounting is accounting wherever you go..

likesmartuplifting

Don’t do it

likesmart

Demotion is fine, especially if you're talking PwC where promotions take forever, but to me, pay cut makes it not worth it. You'll probably miss out on current firm bonuses and 401k vesting, too. They should be able to match your salary at a minimum, and give you 5-10k for being a CPA or just as a signing bonus.

If you really want in at the big 4, it's just a short detour on the road to success. But...in my experience your regional firm work will probably get you a fine job in industry once you want to make the leap. Go big 4 only if you want to work on public companies or stay in client services long term.

Also consider this: if your current team and clients are good, and the team and clients at the big 4 are unknown, there is a good chance it'll suck more than your current job.

likesmart

Would consider either the lower salary or lesser title, but not both

likesmart

Don’t do it. The grass is not green here. It’s lava. Hot lava. Every day my boss beats me until I cry for my mommy. Do not come here!

likefunnyuplifting

This is a no brainer. Take the b4 job

likefunny

Pretty sure PwC 1 is joking. But it really is simple..don’t do it

like

I would ask for more money.

like

Why do you want to work more for less money?

like

I don’t - just looking for options, and curious if it’s worth taking the pay-cut to get into B4

First, I'd still push them to get the salary up and spend as much time as you can meeting the team you'd primarily be working with. If your only concern is a demotion and decrease in salary, I would honestly assess how long I anticipate being in public accounting. Whatever your timeframe is then forecast your current career trajectory based on your prior promotions and raises and any other relevant info you can incorporate with your current firm, then do the same with where you can reasonably expect to be in the big 4 role by the end of the same timeframe. There are plenty of comp threads and info out there where you can estimate your projected raises and the timeframe to promotions are also relatively easy to figure out. Big 4 can be brutal but so can regional firms for that matter.

like

Yes I agree. Currently I’m pulling 60 billable per week during busy seasons and I’d rather spend that energy on bigger clients at big 4

like

EY2 have you worked at a smaller firm? The accounting skills acquired are very similar. There's only one IRC and GAAP/IFRS/PCAOB standards are the same at regional firms.

The big 4 will get you a ton more job opportunities--you can get your resume on the pile to be reviewed by hiring managers in industry easily just due to the firm name. It's not the end-all-be-all. A lot of jobs require big 4 experience. These are primarily public company jobs. There are exit opportunities at every level from regionals and small firms as well. :)

like

Don’t do it, as someone who left big 4 to go to a regional firm as a manager, the grass is not greener at the big 4. Move laterally, or move up, big 4 experience is great but never enough to take a title or salary cut.

like

Pass on that offer

like

PwC will train the shit out of you, but you’ll want to get out of there after a couple years. I personally wouldn’t take that deal (and I did four years at PwC, then was offered $21k bump to go to regional).

like

CPA recruiting is all year round and firms always need more seniors. In such active market, you are what you get paid. Never sell low.

like

Having b4 experience will boost your resume. The let down is the only the money as you will make it back to senior in a year or so.
Ask the recruiter if they would consider offering the same salary as where you are now.
Don’t fall for that comment that “accounting at mid tier is the same as at big4” or “a tax return is a tax return” because that is just no true.

like

When do they do promotions? You’ll be senior again in less than a year. Only tough part is whether or not your busy season will be crappy as a new associate and lower pay. Travel assignments and per diem possibly? Do you have your CPA already? Bonus qualification?

That will be hard. Promotion is expected to happen in summer 2019 which is less than a year. I got 3 done out of 4 exams and 4th score releasing next week. Fingers crossed

You have to negotiate. Start high on salary. You can accept less but your initial number is the top

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