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How much money do you need to go to Disney world every year with the fam? I mean Disney is expensive but still….
You should comfortably be able to afford a new car as a manager though, right? Obviously you won’t be driving a Bentley just yet…
I agree with you. Our pay is very mediocre.
Have you considered doing National Tax at bigger firms? Every firm has a team specializing in partnership tax. The work is a lot more interesting and everyone on the team is super technical. A whole different world than local offices. Really only top talent there.
If you don’t want to make partner, try industry. I made that switch. Work is honestly boring but I have my life back and make decent amount of money.
I feel there will be a shift of M SMs Ds from accounting firms to industry, as the path to partnership has become really gloomy with no logical visibility.. there will continue to be loss of talent, if leaderships of these firms do not rise up and create / show a path for next gen leaders
EY4 I would not have said their heads are in the clouds…would have suggested a different location
It’s a tough time to be a manager in public accounting. The limited talent pool has a lot of different options and it’s hard to retain people. Have you considered moving out of public? Some folks I know have steady jobs with good (not great) pay and some folks work hard and make more $ but not public accounting hours.
Just move to a family office. They always need partnership experts.
Find a smaller firm. Your pay may be a bit lower but those 80 hour weeks are unlikely. Been at a small firm for 5+ years and only worked more than 60 hours/week once.
Partnership tax is one of the more difficult code sections to understand. If you can do a complex partnership return, a corporate return is a walk in the park. Also, do you realize how many huge corporate companies actually have a shit ton of partnerships in their structure?
I had this realization about 6 months ago so I switched to consulting. I couldn’t be happier.
I work at Crowe. I would be happy to discuss our openings and potentially provide a referral. I would also encourage you to push the boundaries that you may think exist in your current firm. A few things I have learned in this process: 1) While each firm promotes its own culture, different teams within a large firm are very different. You may struggle on one team and thrive in another. 2) Don’t be limited to the business unit boundaries you may think exist. Challenge your leaders to embrace the advantages of diverse backgrounds on a team. Don’t be afraid to ask for potential opportunities outside of your group if you want to try something new. 3) Transferring in from another BU didn’t put me at a disadvantage. Conversely, it was viewed as a unique opportunity for my group to learn from the differences in my experience and improve the group. 4) Don’t feel tied to the skills you went to school for. My masters is in Tax. I invested so much money and time into tax. I’ve found it’s not lost time. Many of the skills I learned in Tax have nothing to do specifically with tax. Ability to communicate with clients, ability to organize a project, ability to use resources to find the answer on my own - all skills that translate very well. Also, my CPA is very highly valued over here.
Sorry OP
With the massive demand for our profession this is laughable. Either you are at a terrible firm or just oblivious. Trying talking your partner, consider a smaller firm, consider doing your own thing, and just FYI there are other options for health insurance besides public accounting.
I love my state where non-competes for professionals are null and void.
Nothing wrong with that, gotta pay the bills and it’s an honest days work!
Yikes I can’t even get an interview
Feels on this one.
Lol
You’ll never be able to take your kids to Disney world every year…. Well that’s a good thing. Lots of other low cost things to do!
You can switch to VC firms, they need people who understands partnership tax and they pay a level up, like senior gets pay in manager’s rate, maybe you apply for a VP position?