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Personally I would target a minimum of 30% when switching companies. 25% isn’t bad but you can do a bit better in the current environment I think.
Especially if it’s in same service line definitely target 30% or more bump.
You’re taking a risk losing out on your current network & should get compensated heavily for that.
Chief
This is key. Everyone forgets that risk with switching.
I told the last firm that called me I wouldn’t consider moving laterally without a 20% bump, starting at a salary over $200k. They went with someone cheaper. Whatever.
Better question: why leave one firm for another?
K2, Idk about the 80s but I see the trend on BLS in recent history is pretty consistent across the board with a decline in tenure.
https://www.bls.gov/news.release/tenure.t01.htm
I left for a 65% raise
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I left for a 63% raise, I don’t think that high will come again 😔
~190. Started off in assurance in a low COL city so... criminally low
Very true! Thanks guys, I am pretty comfortable with where I’m at so honestly compensation would be the biggest factor for me to move.
I took a 33% pay increase... 16% above projected senior salary increase. Bye Bye the big K...
Not for less than 35%. You will be at the top
of the pay band so you can count on the raises for the next 2-3 years after moving to blow.
If you had a offer with PwC and Deloitte, which would you accept and why? What if one firm offered 10% more base salary than the other?
Personally I’m already at PwC and know how things work, I would choose PwC over Deloitte… but if Deloitte offers 10% more, I’d go with the one that gives more.. big 4 are big 4, both names are good on the resume… why not take the one with more money?