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Just from a math perspective, you are thinking of giving up 67k pre-tax, (rough estimate 50k post tax) cos of approximately 20k of additional cost? There are probably other reasons why you may want to quit but the math around money just isn’t it
$20k was the increase, what was it already before the increase? I’m in Seattle paying $60k a year for two kids. If it went up $20k, it would be more than my take home
$380 per week is $20k per year. You’re talking about losing $67k in income to reduce your expenses by just $20k. As a new parent, I know it’s tough right but pay goes up so quickly in public accounting! Next month you should get at least a $7-12k raise. Then in July of 2026 if you make senior your salary will go up to over $100k.
I don’t think it would be tough to get a job after 1 year, but I think you’d start over as a staff 1 again. If I were you, I would at least wait until next month to see what your raise is and if it is enough to keep working.
We are on a cohort system. Unless A2’s salary goes down, they will get a $7k raise minimum. I’m honestly surprised her salary is so low. I thought our lowest paying offices started staff at $70k
do not quit. You would be better off if you talk with your counselor to get on a 3 day work schedule and take the pay cut
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Leave and go to a smaller firm. The hours + stress from being overworked will knock you out + the switch should net you a 15k+ raise right off the bat
I agree with this, or just look for a job outside of public accounting in general. I am not plugged in to the current state of the market, but when I left D, I got around a $30k increase a year and a half ago, that would help with those extra expenses
Highly recommend you do not quit.
Agree with everyone here. Your career is more stable and trajectory looks promising. Do not take a break. You have a lot of debt payments going on. That might be an area where you could reduce monthly bills …maybe sell the car and buy a cheaper car if you have 4-5k in cash that would get rid of car payments. Refinance any other loans, there could be 0 cost refinancing options available at lower interest rates.
Yes, quit. To have half your pay go to someone else to take care of your child, its crushing alone… but to realize you missed this very important phase of motherhood with your baby to make someone else rich, is worthless. There are ton of remote/half-time jobs you can look for if you still want to contribute to the household.
Fully agree here esp auditing damn that’s the worst demanding job ever for that salary
I’d move into finance if I were u that pays a lot more and gives u some time to breathe
Your husband should stay home with the baby since you make substantially more and at PwC you will also get substantial raises each year.
How much does your husband make? What’s his career trajectory like?
It seems like the most important thing is for you and your husband to be on the same page. It's a problem that you both need to examine together with running the numbers. Talk through several options and the dollars implications.
First think through what your high level goals/dreams are as a couple. Then map out options for accomplishing those goals with short and long term options that help you get to your dream.
Then it's less about you wanting him to do whatever. And more about how do we accomplish our dreams.
I was blessed to have a part time remote tax job while I raised my children. So I would work 2 hours before they got up and 2 hours during nap every day. That way I brought in money, but had no daycare costs. Maybe check with a recruiter to see if they have any PT positions?
I wish my daycare was that cheap. It starts around $5k/month where I live…
Literally anywhere in manhattan…$4600-$5500 for standard run of the mill full day daycare. Nanny’s are also like $25-30 an hour so not really cheaper though you do get a bit more flexibility.
If you have a healthy relationship with your spouse and you can afford to live off of one salary, seriously consider staying at home. It’s not for everyone, but can be quite rewarding for the family.
Talk to your husband about him staying home and your job about WFH full time or flex with reduced hours. You might want to request to transition to tax since it’s more flexible with WFH than audit. Or you can see if your husbands construction job has an accounting department that you can transition to.
It would be for a short period while the kid can qualify for pre-K or kindergarten. He shouldn’t have a problem with that.
If he’s adement about being a sole provider then he needs to find a higher paying job in the blue collar field. Welding, oil rigs, hotshot, etc.
It’s a totally personal decision. The financial pressure is immense and you always question. What are you giving up? Maybe enough time with your kids or someone else is watching your kids grow. Speaking from experience watching the children grow in valuable something you always remember and no one can take away from you so my response may be a little jaded.
I would suggest that while you’re not working, you take some professional development classes whether it’s a master or some certificate so when you’re done with your time away from the workforce, you’ll have additional credentials, which should enhance your salary and save you from having to explain what you were doing while you took time off to stay with the kids
Yea try not to quit 🫣 wishing you the best!
If your husband really makes 40k you need to keep the job!
I change my mind. Find a new job with less hours. When I was a new mom I had a 9-5 accounting job.
Wow! daycare is very expensive. I was blessed to have relatives-women who watched my child while I worked. If you are able to work from home that would be a plus.
You are in a tough spot. I suggest your hubby look for another fulltime job, and in the meanwhile look after the baby.
Daycare cost is high, look for another cheaper daycare or see if there is one that provides some kind of scholarship. Look into 529 account, i think you might be able to pay daycare from 529. This would save you state income tax. Pay into 529 and then to daycare.
Ask relatives to look after the baby, or hire a baby sitter for 6/8 hrs a day, depending on work load.
Leave public accounting now. Other public accountants will give you every possible reason to stay but I can tell you from
Being on both sides of the fence for over 5 years on each side, you do not want to be a new mother while also working in public. You need the flexibility that PwC can’t offer you
If you’re at the senior level, you could probably get around 100K today plus more importantly the flexibility you need. I have young children myself and my wife is also a CPA and going into industry is what makes it work for us. We are both managers in industry and pay 3K per month for 2 kids in daycare and are perfectly fine financially.
Being a good mother to your new child is the priority. Not these audits/tax work that you do for PwC.
What private companies would you recommend?
I would suggest a remote position.