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Because it’s Goldman vs EY...
You're back office at these banks my dude. Not a teller helping old ladies make a deposit.
I think most people in this thread are under the impression that he/she was offered an IB or Fin Analyst position, this is NOT the case. It’s an accounting analyst role within GS. Still a great opportunity but they won’t be out there making money for the firm/client they’ll be determining the best way to account for the activity of the firm/client.
OP- unless you’re making crazy money at EY now the bump should be substantially more than 10% . I’d go through the recruiting process but whenever comp discussions come up say “I love the role but a 10% comp bump wouldn’t make sense for me. I’d need atleast X% to make the move.”
Hell..Goldman Sachs is THE long term opp.
It all depends on what you want to do long term. If tax is your long term game plan, why would you want to work for an investment bank? You will not be the main money maker and you will get bossed around your whole career by arrogant investment bankers. You will be a lot more specialized in what you are doing at GS and that is something else to consider. You will have less flexibility there as well. I think that you will have more options long term and more money at EY. GS hours are terrible as well and so you won't even have that advantage
More options long term and more money at EY???
What are you smoking man??
Just curious - why would GS have better opportunities in the long run? Wouldn't it be like any other industry jobs where the upward mobility is very slim and the raises are on average 3% a year?
I’m in tax and GS was our client. Our associate interned there. He couldn’t even check his phone unless he was in the bathroom, and the way they have the seating arranged, everyone sees your computer screen at all times, w/o any privacy or whatever. Yes I get the name recognition part but if you make the jump prepare to give up most (if not all) flexibility that PA offers for just a little bit more money and same (if not worse in some groups) hours.
The culture is really terrible at GS. They don’t pay that well long term, because salary increases will be few and far between, especially because investment accounting isn’t a prestigious group within the firm. Maybe it’s worth trying transferring within EY to a different group if you want a change of pace or going to a tech company if you want quality of life and name brand.
Go to GS
Much better long term opps than doing tax at EY
Pwc 3, I have heard the same thing from other people. Gs is a bank and banks are not known for flexibility.
EY2 agreed banks are not known for flexibility but they are known for being closed all national holidays, Saturday’s and sundays, and after 5
I talked to a recruiter from there about a month ago, they seem pretty hungry for big 4 talent, be very aware these are accounting, not finance roles
Goldman is desperate for people right now. They had a lot of people leave from there Tax reporting groups to investors the past year. I wouldn’t take it as the hours are just brutal and burn out is like Big4. You’re also working side by side with Big4 people so expect to stay late with them as Goldman rotates people in from other groups to that one
How did you pull that off? What LOS are you in? Also what certs?
Tax and just a CPA. I get the name recognition of Goldman, but it’s only a 10% bump in salary which I figure I’d be getting anyway when I make the jump to senior in a few months. Having trouble finding reasons other than it being Goldman to make the jump.
Damn how did you pull that off? Take it bro
I think you have to look 3-5 yrs into the future. You will be a lot more valuable coming out of Goldman than coming out of EY. You will have relevant Accounting experience as opposed to being a tax guy
Thanks for the input guys. I’ve decided I’m going to stick it out with EY, make senior, and then see if making a move makes sense. I agree that making the jump for a 10% bump is not worth it, although the hours would be a lot closer to 40 a week. Seems like most people I hear from are able to use a senior title at B4 and leverage that in to a position that bumps them up 30%-40%, so I’ll try and do the same. Feel like a dbag for bailing on them after going through the entire process, but gotta look out for #1.