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I don’t think you understand how PA works. It is actually quite easy to find new replacement managers. People of every level leave constantly. It might make the main job that manager was on a bit tough for a few months, but the work absolutely always gets done. PA is intended to be a revolving door with most people leaving for industry or elsewhere which makes room for those below them. If this didn’t happen, you wouldn’t be getting raises every year, you wouldn’t be promoted every 3 years, and you would expect to spend most of your career in the firm
You must be in a different region than me or some Partner who is already out of touch. In the west, tax managers are scarce and they are having a hard time replacing them when they leave. There is a difference between the normal turnover and people leaving and you can't replace them.
What is PA?
Sr's work goes right to Sr manager without manager review. Sr and Sr manager now are doing more than they were before and the projects will go on like this until the Sr is promoted to manager. The market rate for managers is like 30% higher than what PA will pay. Why not just pay them market and you don't have the quality issues of having a Sr do a manager's job.
I think that it's a broken system. There is a disparity between the bill rates and the work performed. At the end of the day, the managers are leaving because they can get way more money than PA will pay them and firms can't find replacements. The firms are saying that they can't make money at the bill rate a manager would charge for the market salary. Staff and Sr's are also underpaid according to the market however I agree with you that they are more readily replaceable. When you lose managers and cannot replace them you have a problem.
You get paid based on your skill set. If you don’t anything you get paid less. That simple. People who make 60k out of college and complain are the worst.
It's not a complaint it's an observation. It's very well known that you can leave PA for more money.
agree
OP are you leaving because of money?
Why does PA have to work that way?
Define hard time replacing. Like you guys just have to work a bit harder as seniors to make up for it? Is the firm actively turning away business because of the lack of managers? If not, the system is working exactly like it’s built.
Your opportunity cost of having a Sr manager detail reviewing rather than have them out selling has to be 10x whatever you would need to pay your managers to stay.
If the manager was to get a 30% raise, then they would be paid like a senior manager and thus would bill at a senior manager rate. In the situation you described, senior manager is only doing manager work when a manager leaves (and I can guarantee an awful lot of that work is delegated down to the senior for even cheaper rates). With the raise, senior manager cost (which is actually the manager) is being incurred 100% of the time. Again, I don’t think you understand how PA works.
So no one wants to answer what PA is? I promise it's a legit question.
PA=public accounting.
@OP what level are you
It is extremely challenging finding managers in the Bay area. We did not have a single manager or senior manager for our busiest 3 months. Last manager left for 40%+ bump in pay. The work is being done, but not in a timely manner - we are missing deadlines with almost every client.