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Here are a few questions to ask yourself:
Why did you want to leave your current firm? What made you unhappy there? Do you think this new firm and role will give you the things you were missing at your current firm? Did you like the people you interviewed with? Did you get a good feel for the office and culture? If you stayed at your current firm, why would you stay? Would you only stay if certain conditions were met or would you stay even if nothing changed?
The questions you shared are really to think about. I did think that my current firm would make me wait more 2-2.5 years before I become a senior. I am not bachelor either that my expenses are met, the new firm provides me some new skills sets I will learn such as Provisions, ITAX which current firm won’t let me have that opportunity. I like the people and culture of the firm I have been keeping close contact with people working in the new firm for past 3 years my childhood friend used to work there. At my current firm I am the only associate with a CPA license I think I deserve to be a Senior that would motivate me a lot along with the high raise I am offered. Secondly, I don’t want to use my current offer as a bargaining tool with my current employer I just don’t feel it’s right. My intention was get a higher position, good raise (to meet family needs and expenses) and learn new skill. Thanks for touching the questions above you are of great help.
I’m in a near mirror situation just a few more steps down the road. I took the senior role and raise but quickly realized I made a bad decision as the culture fit wasn’t right for me and I couldn’t see myself there long term (outside looking in it was good but once inside it wasn’t a fit). The firm I left I too was a CPA, high performing associate, essentially performing all senior duties and I felt semi-undervalued. Since then I’ve moved over to Big 4 where I feel like I have a huge opportunity to grow professionally.
My advise is in making this decision is to put them side by side on paper including salary, benefits, location, culture, role, work life balance, and anything that’s important to you. Just make sure you include career trajectory. Ultimately, you have to do what’s best for you and your career.
It’s more about your work product than time. I personally have as much experience and know I can handle being a senior hence why I’ve been offered such a position. Think to yourself what your favorite seniors did and ask yourself if you can do that. For example reviewing others work, being client point of contacts, being able to juggle many tasks effectively, and develop others. There’s not clear cut answer but it’s based on the quality of work you do and your ability to delegate between other staff and managers.
Also realize being hired as a senior you’re expected to perform like one. So if you’re jumping and you’re not ready then you’ll have bad reviews and your progression may slow down until you can handle it.
I would recommend the move if it’s a big 4 firm or a really large mid-size firm like RSM, Grant Thornton, or BDO. The technical and soft skills my peers and I have developed over these few years are something I wouldn’t have learned if I had stayed with the small firm I started my career with. However, I caveat this by adding that you will need to be prepared to work long hours and make yourself available to assist with “fire drills” your first couple years in order to work your way up to get assigned to the clients and engagements you would like to work on. Most firms normally do not assign their top clients and engagements to new experienced hires.
Thanks a lot for the advice Deloitte 1. That
Makes sense