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Idk but I got senior this year and I’m at $60k soooo 🙃.. gonna follow this thread
Depends the city but keep in mind the value you lose by jumping, the network. $10k won’t help as much in the long run
Ahhh I see
If you’re a new senior they’re probably still going to utilize you as a staff for some engagements. It’s almost like being a semi-senior.
Not underpaid at 70K
What do you mean? Firms are reaching out from Indiana, California and Washington DC offering remote tax work. I have a friend that lives in Las Vegas and works for a Southern California public accounting firm for the past two years. Firms are open to hiring remote tax people from all over the country right now.
2nd year senior at 72k.
This career is a marathon not a sprint. Yes, by jumping the firms you will get more money in a short term but where do you want to be in 30 years? If hopping firms also comes with a valuable experience and moves you closer to your goal, then it's a no brainier.
Definitely underpaid for tax senior (depending on what year within senior) don’t leave public just try to move firms. You are still early in your career. Do you have your CPA or tests passed? If you, you can get a decent pay jump by moving.
Well I wouldn’t do It everytime you wanted a pay raise but doing It because you feel dramatically underpaid or not at market. Put the feelers out there, you be surprised. I get that point, you don’t want to look like someone who jumps ship. Doing It once is okay, just make sure it’s the right move for you personally. Don’t get caught up in the pay jump either, make sure the firm you are joining is somewhere you want to be so you don’t have to move again. It’s obviously a change but if it’s something that will put you in a better position mentally and financially, do It.
Your market and how long you been senior is an important piece of information to give a good advice. Also, what’s your long term plan are you thinking to bounce to industry few years later? Planning to stay in PA for long term? Partner track?
70K is not bad for new senior. There were no raises this year so even S2 making 70K in low to mid COL is not bad. Now the question, if you wanna more money moving around is always helpful. The next few years are going to be shit for raises to plan when to leave so you get a good raise because the next raise may not come until next promotion.
MCOL and I switched to tax after 5 years of public accounting audit and have been doing tax for a little over two years. When I asked my partners what level they viewed me as, they said 3 years of tax experience and about 1 year of senior experience in tax. My long term plan is to have my own virtual tax firm, however I’m not opposed to becoming a tax partner at a public accounting firm if it makes sense.
Yes, I agree raises are not going to be good, but I also know that experienced tax associates are hard to find and company hopping is going to happen more.