I’m a first generation professional and a bit lost on what path I should take. I’m a senior at Deloitte in the assurance department. I’ll be honest and say that my priority is to make the most money I can in the future and would like to plan according to that priority. I have really good SOX 404 experience. My choices are the following 1) become the lead senior in my public client and stay in assurance 2)FSO 3) Advisory?

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Stay in your current role, see how the upcoming recession shakes out and then you will have the experience and perspective to make a better decision.

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P1 may very well be correct. Let's assume that they are and you take their advice. Even in that case, I would be very intentional about seeking career advice from a variety of sources. If we were just now coming out of a recession and the economic future was bright, P1 might find a reason for you stay in your current role as well.

There are quite a few myths that fly around this industry about how you if you stay and get "w" years of experience doing "x," then you'll be able to make "y" more dollars in "z" more years. I would discount such advice very heavily and consider the real evidence of any such claim, not just some "rule of thumb" that "is just the way it is." Always consider the motives of those who give you advice, whereever they come from.

And also, don't be afraid to use common sense. Believe it or not, that's actually pretty useful as well. Ask yourself, are you really learning skills on a day-to-day basis? Are you being evaluated and challenged fairly and reasonably? I wouldn't ever stay in a role without having good answers to those questions, especially at a below market salary. You'll set yourself up for a lot of disappointment doing that, including your goal of maximizing your salary potential--and a lot more.

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Advisory

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Advisory will get you more money in the long run

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Do one more audit busy season and jump to Advisory. Honestly it’s a better work life balance and similar/more pay.

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Thanks for the reply. I don’t mind working a lot as I’m motivated driven as long as I know I’m getting paid well. I know FSO has really good exit opportunities and that advisory pays well from the start. Also, bring in public clients allows you to be in good position in the future. I just don’t know what is my best route and don’t want to make a mistake a lose a year.

I don’t care about money now as much as in the future. Thanks for the help!

Money should be just as important now to invest and pay back any debt

Take a bird's eye view at your career. Your next step that you take is an important one. Consider where you see your career in 30 years from now, 10 years, and 3 years. If money is your motive, there are many ways to earn money. A decision between audit, advisory, and FSO will impact your longer term destination. Try working backward and see what ideas you come up with. Honestly there is no right answer as everyone is different.

Outside of your three choices, what else excites you?

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