People working in PA long term ( say more than 5 years) why have you stayed instead of moving to industry. Do you work at small mid or large PA? Pros and cons of working in PA?

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Stockholm syndrome

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I haven’t found the right industry job yet.

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I was going to say this same thing

I like the promotion structure if PA and like that my salary keeps increasing. I also like the work so haven’t felt a reason to leave yet.

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All the companies I audit look like a hot mess and a problem I don’t want to be responsible for on the other side lol. I’d rather be like “yea this is wrong pls fix” than to have to fix. There’s not a ton of jobs open in stable, well oiled companies. I’m still waiting for one though.

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I don’t plan to get out. I’m at a smaller firm. Revenue approximately 10 million. Busy season sucks, but the rest of the year is pretty laid back. To me it’s worth it, especially with a pretty clear path to partner.

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I’m paid well, I have a strong network of people here than can advocate for me, as others have mentioned I’ve seen a LOT of dumpster fires in industry from this side and from friends in indusrry, and it doesn’t seem like the WLB is all that much better in industry if you want to progress, so I’m staying put until I come across an opportunity I can’t turn down or something changes the calculus for me.

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Agreed, WLB is similar. Pay raises suck. Basically need your boss to die or retire to be promoted.

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So I was in PA for 8 years, left for industry bc I wanted more stability to see my son and shorten the commute. Left PA as manager and got 20% comp bump. Industry was boring and stable and I felt like upward mobility isn’t the same as PA or advisory (tired of the 3% COLA raises and needing to wait for the person above you to move to be promoted). Boomeranged back to PA going on 6 years now, looking for industry job as CFO/ VP finance but am borderline priced out, at least with the recruiters I’ve been speaking with.

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I don’t really have an equivalent job in industry especially without taking a pay cut and/or possibly a demotion.

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^same

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Public pays more

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Long story short - I found a team that checks all of my boxes. Still have to deal with time sheets but I feel that’s a minor grievance.

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Compensation and the partner carrot. I make more money now as a director than most of my clients CFOs, and I’m younger than most of them too.

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Flexible hours, ability to make your schedule, growth opportunities and learning at a faster pace, camaraderie, higher pay

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I am audit manager in mid PA firm, looking to move to industry after realizing I don’t want to be Partner. However the market is tough right now. I had interviews but they ended up choosing a candidate with mix of PA and industry experience. Hopefully the market improves next year.

At the end I think it depends on what your long term goal is (PA vs private). If you don’t plan to stay in PA then try to leave at senior/early manager as it seems harder to switch after manager level.

I mean PA vs industry

I like the work and exposure. I’m paid okay right now, I went back and forth between public accounting and industry. I love developing younger folks too in the industry. Challenge right now are the hours. Not sure my body can handle the stress.

I’ve worked in PA since 1998. I’ve always felt well compensated. And most people I work with are sharp! On the flip side my clients (industry) tend to have a lot of turnover and seem less sharp. There are exceptions but generally that’s what I see. Sure they work less hours but the hours you are there might be painful.

I worked in PA for several years. My last job was in industry for 10.5 years. A new President was hired in my last five years. I put in A LOT of my personal time to keep up with the accounting. I did not get a raise for 4 years. When I did get a raise, it was for 96 cents more an hour IF I worked a 40-hour week, which I did not. So, in my case it was more of a management problem than my profession. I really liked my job and took pride in my work. I guess the new President decided it was time for me to resign. So much for going above and beyond.

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