{ "media_type": "text", "post_content": "Got offered a 30% bump for an industry position. More like 20% when factor in merit and bonus. Is this worth it?", "post_id": "57a3cc22eb4a400e000c7811", "reply_count": 17, "vote_count": 7, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }
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Got offered a 30% bump for an industry position. More like 20% when factor in merit and bonus. Is this worth it?

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Yeah and in a few years when you would have caught up salary-wise, bounce back to consulting. You'll have great contacts and industry perspective. Revolving door style.

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@D1 is drinking all kinds of Kool Aid. I've seen a million people boomerang back into public. Take the bump and run with it. People in public will always try to talk you out of making the move. They're all full of shit and drinking the Kool Aid where you get paid 20% less and work 20% more just for the experience. Truth be told, once you start hitting experienced senior levels the experience curve slows down a ton (most big engagements don't have a ton of new shit going on). Get yourself that 20% bump, corporate accounting experience, and if you don't like corporate, there will always be a B4 to take you back in two years at the manager level...

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SC1, I like the way you think

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Poor decision Think through what is best for the long term and make the right decision. You are misguided if you think you can bounce back to Big 4 and compete

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^you act as if you can't make money outside of public. "Triple your salary in 10 years". Guess what? 10 years experience external pays that same range. You act like public is some kind of cash machine. Hate to burst your bubble but there's just as much money to be made outside of public as there is inside. Go take a look at your clients payroll files and see what the high level accounting personnel make. Guaranteed it's as much as your SM is pulling on the audit team.

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My advice is to be bold . Stick it out See how far you can rise in the B4. It has been good to me I am the first to go to college in my family I stuck it out and 34 years later I am one of those senior partners I could have pulled the ripcord at many levels but I didn't and it paid off Your generation has many things to teach my generation but one thing you can learn from me is to not be so skeptical of the B4 . Learn the system and make it work for you

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Also fortune 200

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Offered a Controller position? As a senior?

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Id also argue that using the salary of a senior partner at B4 isn't a good data point to use for this argument. 99% of people who go through public will never rise that high. I think a more relevant data point for this argument would be a SM/Director salary, which is likely comparable to similar positions in corporate.

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I'm audit senior 1 going on senior 2

What kind of position?

Financial control

DT 1 what do you base that "misguidance" on?

@OP it's a good idea if you don't want to be in public accounting anymore!

Pw3 is right about something , I have been drinking the Kool Aid for a long time. 20% bump as a senior is less than 20000, 14000 after tax. Stay in public and you will triple you salary in 10 years. Make partner and you have chance of doubling your salary 6 times before you hang it up. People that boomerang can be successful when they return but remember the people that stay are building close internal relationships with the partners while you are chasing the 14K

You seem committed to your viewpoint which is fine if you don't like public accounting that much you will likely not be successful I wish you luck in your career. Having said that , leaving public accounting as a manager and waiting for someone to move on or jumping around job to job is a high risk bet. The k1s of senior partners are higher than most industry folks except for F150 CFOs. I have never seen somebody leave as a senior and become a CFO

^all true and no denying that partners don't have a great salary, but I think you're underselling a bit how much work it takes to get there. Partner is not a slam dunk for everyone and I'd argue that rising that high within the firm is just as difficult as becoming a CFO (when we talk about senior partners). Again public is fantastic for many reasons and offers a lot of opportunities, but not everyone has a desire to be a partner. They work extremely long hours, travel a ton, never see their families, etc... Corporate can offer many opportunities for people that aren't necessarily on the B4 partner path.

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