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I recently left public for a tax role in the tech sector. WLB is way better (only work 40 hour weeks), fully remote (go in the office to socialize), but I will say that people stress out during quarter end close and I assume they will during filing.
The biggest difference in my experience (and this is a bit difficult for me to describe) is that people care about *why* and *how* more. In public, I was just trying to get things out the door so I could get to the next objective. Here, the details matter more and we really go in-depth about the tiniest details.
Excellent response and right on point... This is the reason why I do not like public accounting firm.. they don't have to be assholes. I knew the vice chairman of KPMG. He used to tell us that the partners were so bad that they would eat their own young!!!
It depends on the company. All companies are not the same
What do you mean by private sector?
You could easily get a remote or hybrid job as a tax manager at a publicly traded company with your experience at EY. You just need to have tax provision experience as well.
I mean I was able to do it and I had very similar experience. It took about 6 weeks of looking. The big thing was public companies only want Big 4 managers with ASC740 experience and I had a ton of that experience. I spend almost all my time focused on the the provision and then calculating GILTI, FDII and BEAT. It’s literally my whole job.
I found private/industry to be very inflexible. Hours were 8-5 regardless of work.
It depends a lot on the company and culture. For the most part, accounting is reactionary; finance is more proactive, and hopefully, the culture encourages information sharing.
Often, you're kind of a referee between sales/ops. Work-live balance can be outstanding, but it can also suck if the team isn't sized correctly or there is a decades-long list of busy work folks do because they've always done it. You will get micro-managed in a low-trust organization.
As others have said, it really depends. I was in-house for a couple years and came back. It was great W/L balance and definitely less admin BS and actual work. Overall, pay and benefits are typically a little lower but I’ve learned that Big4 really try to rope people in with benefits that are kinda a PIA to actually use. Just pay me, right?!
No time sheets, time to invest in your work (not just crunching to get a deck out in the fewest hours possible), sometimes summer Fridays and other perks. Lately EY doesn’t feel flexible AT ALL and it seems worse than pre-Covid to me. I have a bunch of kids and this last fiscal year has made it clear to me that we no longer want to close the gender gap. I guess it’s easy to have a few highly paid women and just get the others to leave. 🫠
F
how has your work-life balance in working in International Tax at EY out of curiosity?
I think it depends the company youl choose, some of the companies are no better than the big four, they pay you less and work you as a slave, the big four pays you more at least, apparently I am taking about the company I am working right now. You can search the reviews before you apply a company, I applied my current company even i saw their review it's only 1 point in google back then, but I was desperate for a job back then during COVID, Now I am also looking for change my job, but I learned from my lesson that I need to be very careful about choosing the company, as I don't want to switch my career in another three years.
I thought public accounting WAS in the private sector