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Public Accounting Question - What is your biggest fear about leaving public accounting for industry opportunities? Many years ago, I know mine was just not knowing what was on the other side or if I would be good at it. Is it the same fear today and if not, what is it?

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Mine is the lack of structure (timeline for promotions, raises, etc), in addition to the switch from looking at journal entries to see if they look right to actually posting the entries myself (will I do it right?).

Thank you for the feedback and YAS!!!! All great points! I found the transition to come very naturally and actually ENJOYED entries (vs auditing them) - weird I know. But you are spot on about the fear of lack of structure in regards to quick progression. It's true that once you make that transition, it DOES take longer to get promoted and for those earnings to grow with that. That's why I always suggest the transition as a Senior or Manager....too soon can stifle growth in title/compensation but too late means you are likely "capped out" on the base salary at the Senior Manager mark since those salaries are comparable to Controller or even CFO (smaller companies) and by that point, a company wants to see a mix of public accounting and industry. Thank you again - that's super helpful to know and great feedback to understand what a company does to help ensure they provide those opportunities to candidates after hiring them.

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