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Think about how many more years of public you'd need to match that salary.
Take it. You can always go back.
I can definitely relate. I was in a similar position once and I found the decision to be more difficult than I expected. I ended up taking the job, but realized a few months later that that path wasn’t right for me. I know it’s not a popular opinion around here, but I liked working in PA and I missed it when I left. When one of the partners I was close with reached out to me a few months later asking if I’d consider coming back (with some favorable terms) it didn’t take long for me to accept. That being said, I’m still glad I took the job. It was a great job, and exactly what I thought I wanted for the next step on my career path. If I hadn’t taken it, I would have taken a similar one later and been in the same situation. It helped me reimagine my career and realize what I thought I wanted isn’t really what I want.
So, I think you should take it if it feels like the right decision right now. If you leave on good terms, you can go back. And if you end up loving it, then you just made a great step forward in your career. It’s a win-win!
I would take it if all things similar or better! Flexibility, hours worked during busy season, benefits, 401(k) match, stock bonus...
If your partner didn’t offer to bump your salary to get closer (not necessarily match, but at least make it less than 40%) then you should take it. If they were willing to try to close the gap, it’s less clear, but for 40%, go
Run.
Take it
Take it!
Couldn't you just leave for director of tax at a different company then? After getting manager experience in industry shouldn't be that difficult versus spending years more in PA
Agreed. You don’t often get 40% for a promotion. It’s huge. It’s career changing. There are nice things about PwC... but this is not a charity. You work here for money. If the firm won’t close the gap... go and don’t feel bad about it. Leave in a nice way. Give plenty of notice. Make your departure easy on your team. But go and don’t feel weird about taking a huge opportunity
Thanks for your responses, everyone. Coming back to PA may not be in the cards because I’m in an Intl tax group of 7 as the only senior and as you can imagine reform has us crushed. Because of that, I think it would be difficult to leave on good terms.
Part of me wonders if this would be a career limiting move... the next step in industry would be director of tax and my view is that the Co would just hire someone above me with more years of PA experience.. thoughts?
It’s certainly possible. Would be competing against other with more years of PA experience for those roles though.
40%?!? How is this a question?!? That’s a gigantic bump
You’re right. However, my partner is selling me on the intangible value of sticking around the firm yada yada. I gotta stop drinking the kool-aid.
I would take it
How often do they offer raises at the other place? Either way you’re def gonna work for that money
I just made manager and at PwC and got a 31% increase. This is obviously dependent on multiple factors (salary before promotion, location, rating - I was a tier 1) but you need to consider in industry it’s very common to only get 3-4% annual increases. You might get a big increase now but it will definitely not continue to increase at the same rate you see in public.
Take the offer NOW
I just made manager at PwC and only got 20% increase