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What will be the in-hand salary??? KGS
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Just made out with my associate and don’t regret it
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Big 4 Assurance partner here. In my observation, people in your type of situation are much more likely to have long term success when they step down a level (rather than negotiating to stay at the same level). If you stay at senior, you will be rated against peers with much more pcaob experience and overall experience working within your new firm’s framework. Dropping down a level makes long term success much more likely as you’ll have a bit of time to catch up without finding yourself rated behind your peers (and losing confidence, etc).
That pay cut will be made up quickly in the senior promotion and you’ll be a lot more marketable (worth more) on exit with pcaob experience.
This sounds like PWC. They don’t bring people in at an equal level from what they are at their current firm. They lean toward bringing people in at a level below. The line of thinking is that they rank and compare people at each level and it wouldn’t be fair to compare you to a senior with all the PWC specific knowledge they have. I wouldn’t compare titles. I’d compare benefits, compensation, and growth potential and go from there.
Uncle D just laid people off. Tbh I'd be wary. If your firm is stable enough, id stay there
That sounds normal. We also tend to bring people in that way (etc. If u were just promoed to senior at your old firm you'd come in as a exp associate
What are your reasons for switching?
Are you looking to go partner or MD track? Are you wanting to expand your public audit experience? I view going down a level as a "career delay" but I never planned on being a lifer so that makes a difference. A year is a long time in public imo.