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If you leave public for industry at 80k, how many years does it take you to reach 100k salary? (Is it true that it'll be 2-3% increases for the rest of my life?)

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That was my experience with industry, which is why I came back to public. What level are you at? I wouldn't advise leaving until you're a solid manager.

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My dad works for a major Fortune 500 co and one year they didn't even give out raises. Plus 2-3% is basically just adjusting for annual inflation

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The number of people running back to public are far fewer than the people who leave and never look back. This is a case by case decision and there's no magic salary to make you leave. If your motivation for leaving is money then there are plenty of jobs that'll pay.

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you should go see what's outside, so there is no regret; you can always come back

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I think what industry/location you're going to has a lot to do with it. Im in finance now get comparable raises and much better bonuses.

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I'm afraid that if I leave at manager I'll be too good at auditing and not skilled at anything relevant to managerial positions in industry

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I left for a lot more money (like half again as much) and I was about to hit my two year anniversary at Moss. And yeah, you can always go back.

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Same experience as TM1. If you're going to a big company and don't mind jumping around to different departments to move up could be larger increases.

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Yes. Beware the grass is greener attitude.

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Totally depends on market/company. If you're in a small or mid size city with a mid size company you're going to have a different answer than NYC working for a Fortune 500 firm. Generally the larger the company and larger the city the better chances for significant raises inside the company.

Maybe I'll just stay in public forever...who knows?

Honestly, if you leave and go to a financial reporting position in industry that may be true, however if you go to a finance or FP&A role, that's not normally the case. They tell you the 2-3% thing to keep you here, it's not true. The truth is you are underpaid until partner and then you are comped very well. What % of employees make partner? Exactly.

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