I’m currently an experienced senior interviewing for a role in industry. I wouldn’t be leaving for a management position but the pay would be about 10% more than I’m currently making. Is this something i should consider?

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10% > 0%

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Preach! I hear the next year for B4 isn’t looking bright either. Covid has impacted them hard. I wouldn’t expect a good raise until 2022. If you can hold off till then then stay

10% sounds light. I wouldn't make the jump for money reasons but maybe it satisfies other things you want ie experience in a certain industry/lighter hours

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Agreed. 10% raise itself is not worth considering as a factor. OP needs to see if the job has other things he values more

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I say take it- i left for 15% and am much happier. I came from a toxic environment as well- relationship and lifestyle just immediately improved and you can’t beat that imo

likeupliftingsmart

Can I ask what kind of roles you are doing

If it makes you happier and/or betters mental health because you can have a better work life balance and more time for yourself, then yes (but just my opinion). Honestly depends on what’s more important to you.

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10% doesnt sound like a lot. Does this new role align with your career goals?

likesmart

I’m not really sure anymore.. this last year has been the worst so I don’t even know what I want anymore. What percentage would you think would make the jump worth it?

Honestly I’m just so over the toxic culture of public accounting specifically the firm I am at. It’s just a lot and I know my next move is very important so I just don’t know. In terms of Company they are very well known (worldwide) so I feel like that can’t hurt ? As for the position itself I never really considered it until they reached out to me themselves

likefunny

If this if your first offer, don’t do it. But after you’ve explored your options, then leave. It’s exciting to get more money but 10% is shit. But I get if work culture sucks. I’d ask for 15% on top of your current salary always. Never take anything below that.

10% is pretty low

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Thank you KPMG 1

Your first job outside of public accounting doesn’t have to be your forever home, but at least it’ll get you out of where you’re at now. If you’re that unhappy it might be worth it to go somewhere else. If you don’t like it then you can always find another job.

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Im interviewing somewhere that would be less than a 10% increase but it’s an industry/role than Im so passionate about so it would be totally worth it

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I would take it if it means better hours and no busy season. With better hours you’ll have more time to figure out what you’re passionate about

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Look for 30-50 percent increase from your current salary

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Sign on bonus is almost mandatory tbh. I would say, “i feel reluctant on taking the offer unless it’s 15% more than what I am currently making.” 15% is the bare minimum to leave a firm. But to be honest if they offered it that low do you really want to go to that firm? Keep applying! So many jobs out there!

Also consider timing of merit/COL increases where you are going. It might be two years before you see a meaningful pay increase.

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I’m definitely in a better headspace considering I was willing to leave public accounting for a pay cut back in July so I don’t know if I should just wait another year but again I don’t know if I have another year in me.

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Keep looking what is your service line and what is the exit opp ur looking at??

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Considering that they sought you out you can always counteroffer a slightly higher salary. If they really want you they’ll pay. Or negotiate more PTO or a flexible schedule. There are many things an employer can offer that aren’t in a paycheck.

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So I reached out on Friday and they told me their HR person that approves this is out and they’d reach out to them on Monday. Its now Monday and I haven’t heard back yet so is it appropriate that I reach out today asking for a call?

10% is wayyyy too low for industry. 15% to another firm, sure. But generally speaking for industry you should be looking for 25% or more.

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I think it would also depend on the hours

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I’m trying to keep my options open but I don’t see many opportunities that appeal to me at the moment. And I also don’t want to go from one crazy busy environment to another. Like normal hours if that even exists

UPDATE: I got the job offer it’s about 13% more than I’m making. To make 20% more than I’m currently making they’d need to offer me an additional $6k. Is it worth saying something? They also did not offer a signing bonus.

So I’m missing out on an employee referral (I don’t get paid if I quit) and also received a raise. I didn’t factor either of these in because I didn’t think we’d be getting raises and I honestly thought the person I referred didn’t get the job. So now I’m missing out on my raise and the referral bonus

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