Related Posts
Additional Posts
Post for likes
My company is now displaying!
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
{
"media_type": "text",
"post_content": "I’m a late 40’s, 3rd year Partner in Big4 who joined as a DEMD after 2 decades in industry. I’m weighing an offer to join another Firm - it’s a straight comp play for 30% higher Comp for a similar role. I realize that the BS is mostly the same at all B4, so I don’t think for a second the grass is greener. But the comp is nice, and I’m not vested enough to lose much money. Did anyone here make a similar jump to another Firm, and in the end, was it a genius move, or did you come to regret it?",
"post_id": "5f7d27f28720870020d8014e",
"reply_count": 11,
"vote_count": 2,
"bowl_id": "5f75071f4a076300201926c8",
"bowl_name": "Partners in Accounting",
"feed_type": "bowl"
}
Download Fishbowl to see what others are saying
Send download link to your phone
I would negotiate for service vesting credit. Generally you would have to work till you work till your retirement age and they will provide you credit so that you can make the 15th or 20th year milestone. If anyone has been able to negotiate credits upfront, let’s discuss if any firms do that. I will be curious to know.
When AA partners bailed in '02, I heard some got service credit at their new firms if they brought clients over.
Arent there still step increases upcoming, where the 30% will be much less of a difference in 1-2 years? Also, won't expectations be higher? Also, I'd ask for some sort of service vesting credit, otherwise you may lose out on pension benefits down the road.
Not aware of car allowance. Some do have club dues paid for.
What line of service?
Risk Advisory.
What are the deferred compensation and retirement benefits like at BDO/GT/RSM like compared to B4?
BDO recently changed the formula a bit with the max annual payout of $300K (used to be $200K). Its 30% of high 3 yrs accrual earnings (total comp including bonus and interest on capital and UE). Reductions if less than 20 yrs, or younger than 60.
I’d look for DEP at a non B4. Did 11 years at KPMG. Been a partner now for 10 years. Best career move I’ve made. Couldn’t be happier and a ton less BS than the B4. Comp likely a bit less, but quality of life by far outweighs.
11yrs as partner and then moved? Or moved and made partner? If the former, how did the long term comp compare?