Accounting

I have seen quite a few managers (1st or 2nd year) moving into an industry role as a senior, not manager. Is this common? I thought it’s easy to get a manager title in industry coming out of big 4

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Desperate times require desperate measures

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That’s why the whole wait until senior/manager to jump ship attitude is stupid. If a good opportunity comes around take it

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When you go out there, people actually question your ability to make a journal entry. I guess they have had people who had bad experiences with people transitioning from PA. Unless, it's a company they really want to get into.

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Yeah, makes sense. From what I see, there issue is humility. You have to be in the trenches to really understand the system and details. How did a Senior Manager at PwC get below you? Was he/she desperate?

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Manager in PA is not the same as manager in industry. Its harder to transition from a highly specialized group in Big4 into a more generalized industry work.

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I’m a very experienced senior but I only seem to be getting responses for senior accounting roles and not accounting managerial roles

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A manager in industry with no big 4 experience in audit is coming over as a staff 2 max. Tax and advisory it depends on what they were doing. Anyone who leaves as a manager to go to industry as a senior either got deceived by the hiring manager or were just desperate to leave

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Subject matter expertise usually, but again we are talking about a pretty wide spectrum here that I only see a small piece of. The only external hires I’ve seen come in at the manager level usually have some sort of specific implementation experience or knowledge about a certain kind of project (government contracts for example)

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Manager means different things in different organizations. An industry manager, in most cases, is a people or process manager while a manager in PA is largely a project manager. So a new or less experienced PA manager doesn't correlate to the demands of an industry line manager. A project manager? Yes. I've seen more PA managers cross over as project managers or individual contributors with a manager pay grade.

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Job titles don’t mean much anymore. It’s ultimately what role you will be playing that matters more. Focus on what you will be doing rather than the name tag and you will be more successful

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What about vice versus. So manager in industry moving to big 4? Do they go lower or keep manager status?

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@ OP - I went from 90k (Tax Manager in industry) to 103k (Tax Senior 3 at EY) (plus like a 5k sign on bonus). As someone else in this thread mentioned, titles don’t really mean much (I.e., it’s never apples to apples). Companies/Fims pay to get the right/specific experience they’re looking for.

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I’ve seen it happen. I left and joined industry after 3 years in public to a position same as a manager I know with 6 years of public left for. Don’t know why they took a senior role in industry as a a manager in public but it happens. If you find a good exit take it

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Actually, I know many managers in industry who were super smart and had 10 years of experience. Keep in mind industry promotions are not based on timelines, so someone could be working as senior for 5 years before promotion to manager because the spot never needed to be filled. So it actually makes sense to go to industry with a lower title even if it doesn’t happen as often. I feel like that’s becoming more and more common in the past 2 years.

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It depends on what role and what company. I left as audit manager to go to a senior accountant role. It paid more, has no direct reports, I’m in corporate so very little journal posting, my boss is the FC and she’s two steps down from the CFO. It’s a global listed company. I wanted to get that basic understanding of the business/accounting system and being in this role for a few months now, think it would take 2 years to get my head around everything to progress. There would also need to be a business need but if there wasn’t an opportunity at that time I’d look elsewhere.

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I don’t think it’s that common. I left as a senior 3 for a role as an industry accounting manager. I wouldn’t have left my firm if it was just senior level, I just ignored those linkedin messages and made is clear to recruiters I wouldn’t leave unless it was manager or higher.. My role is more oversight; so I don’t have to do any journals it’s more of overall review and resolving technical accounting issues

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