I am currently a tax manager in public accounting considering making the jump to industry. Would appreciate feedback from anyone who has made the transition - workload/compensation/work-life balance

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I’m in the same boat & wondering if I should switch from PA. There is no help & it’s getting harder & harder. A boring life sounds so much better!

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I have an industry job for a large employer in my state and am hardly ever board. Rarely do over 45/week and get $180k a year(which includes my bonus). Only downside is my director isn't much older than me so unless she leaves for some reason Manager is where I stay. But I have young children so $180k for me to be able to help them with homework, go to events, etc is more than worth it.

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I don’t think industry compensation has kept up with the increase in comp in PA, so I wouldn’t expect a big bump and could potentially be looking at a pay cut. I was in industry for a bit and I found it boring, hence my return. I think work life balance is going to depend on the size of the company you join and whether they outsource the tax function or not.

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BDO comp is very low, most likely they’re getting a large pay increase

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Definitely.
Workload, a lot more set expectations on busy season - and even during the busier time, typically nothing more than 50 hours a week.
Comp, depending on where you go obviously - but yes, comp is the main reason I left. Bonuses that actually matter, and structured ways to get them.

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