First year senior here. I got an offer from mid size firm, how much of salary increase should I look for ? Or should I even consider leaving ?

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Is this for a public accounting firm?

EY1 - 20% sounds pretty high if it was still PA. Id say you should expect a $5-10k increase if you’re a first year senior. I can see the 20% increase happening if you were going private and you had your CPA

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I declined the offer! Thanks everyone for the input!

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I'd say at least 20%, but also look at other factors like quality of life, etc.

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12-15% would good but they will be cheap once you are there making more then average....prob will get nothing next year.

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I haven’t really done salary negotiation before. But they knew I wasn’t actively looking for a new job and I stated that during the interview. Does that give me more upper hand in negotiation ?

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I got a 8k raise going from Deloitte to BDO. I was only at Deloitte for 5 months as a staff. I then got another 4K raise within 6 months. So I made $12k more within 6 months of moving. They reached out to me and it severely increased bargaining power

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Don’t do it. Short term benefit but lose out significantly in 2-3 years.

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Depends on current salary - are you currently below, at or above market?

What do you think your time is worth? Ask for that.

Yes. Best situation is they find you when you’re not looking. Because then they have to make an offer compelling enough for you to leave a job that you’re fine with

Why would you leave for a mid sized firm? I would not leave for anything under 30%. Long term, you will more likely than not make lower career earnings by making the switch. I have found that the majority of the most desirable industry accounting jobs will not consider anyone who is not coming from a big 4.

EY 5 - I like that you give your opinion with a MLTN level of assurance. 😀

10k more

Get really good at what you do, make Manager at Big 4, get 1 year of manager experience, then go to mid tier firm and get a 40- 50% raise on a larger base salary

Be aware of sucky benefit package too

Be careful, I work at a mid-size firm and if we get someone from Big 4 they give them an increase when coming over (or why would they leave) and then when annual raises come out later that year you get screwed because they bring you back within range of your peers and at this point you dont have much leverage to negotiate with.

Thanks for all the advise!

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