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Any one familiar with comp for a Portfolio Associate roll at PIMCO on their mortgage backed securities team? I’m looking at an offer and want make sure I’m in line with the average comp for the company and industry. Only 4 months of experience and offer is 98k w/ 10-20% bonus plus 15k relo/ sign on. Looking at Glassdoor, bonuses seem higher than quoted by the hiring manager. (No written offer yet they say they’re still working on it)
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Every single senior manager I work with is working a steady 50+ a week. Between meetings, emails/ actual work… wild. I’m going into my third year as a manager. I may just hit SM and bounce. Work never ends.
Yes. It’s calls all day and review work at night.
I’m a 2nd year SM in audit. I’m only staying cuz I have been with the firm my entire career since college 10 years ago. And hate to say that but I’m just too comfortable with the flexibility and all the perks the firm offers, even that means working crazy hours here and there. And I’m also scared to make a change that doesn’t meet my expectation, meaning I have to keep jumping ship until I find my fit, but that also means I might need to sacrifice more time and put more focus on my career, I rather keep it as is and spend more time and energy on my two kids. Plus kinda proud of the brand name and how now even my little ones know and tell their friends their mama works at one of the big four.
EY3 it is flat out not true that corporate jobs don’t offer this kind of flexibility, you just have to be willing to put in the effort to find them. Your first post sounds exactly like me trying to convince myself that working ridiculous hours in PA was “more flexible” than any other role I could find, when in reality I was just being lazy and didn’t want to put effort into looking for a new job or be uncomfortable (not saying that is you). Luckily I had someone to push me out of my comfort zone because everything about that job made me miserable in hindsight
I’m a manager as well, so far all the SMs I’ve worked with seems to live a miserable life……
When I became SM, I became exponentially more exposed to the bs of the firm. It took me 2 years to find a good role at an acceptable salary (money starts to get real good at SM). I’m so much happier now but wish it hadn’t taken so long to get here. I was always within 50 or so hours of my budget, whatever it was.
SEC reporting. This is what I liked most about audit (or maybe the only thing I liked 😂)
All of my family who started in public and climbed to cfo level roles have told me to leave - I’m currently a manager
Had to leave. The office politics were beyond brutal. 90% of the rewards went to the “chosen”.
I had heard from a senior manager (as well as seen multiple examples) where it can be hard to leave for industry at that level. I was a manager, and decided to bounce to industry.
Yes. You will only qualify to take over the whole tax department of a private job or you will be overqualified and the mental stress of “stepping down” is also a barrier. Either get out as a manager, stay for life or get out for a tax director/CFO (or whatever they call it) role in private (which are very few roles and they don’t come with less responsibilities).
Get out as soon as you can
?
I am probably only 2200 and 1500 chargeable. I felt like I am pretty chill at SM
GT lacked clients when I was there, which made look elsewhere.
Practice? Firm? Role?
I billed over 2,000 chargeable hours this year. Wouldn’t say that’s normal though.
I’ve worked with great people throughout my career and have truly enjoyed the flexibility and variety in PA. But to answer your question- my patience for being okay with is it is rapidly dwindling. I think the pay is pretty underwhelming considering the amount of hours and clients I handle. I felt like the firm invested more in my younger years and now just hopes that the dangling carrot gets me to stick around.
Where do you work that only needs 1,500 billable hours? Mine requires 1,700 and I have to take a pay cut to be on a reduced schedule. It'll be nice not having to take a pay cut.
SA1 that's right. I thought it was just me not being efficient that I had to work way more than the charge goal to meet it but now that everyone had said the same thing, at least I know I'm not alone 🤣 it really sucks
Does every manager have their CPA?