Thinking about switching to Tax at Truist Financial (I’m a JD at Big4 Tax). Anyone have any thoughts on how work at a bank is vs work at Big4 in terms of quality of life, workload, compensation?
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I have made the switch from banking to industry and then now back to banking albeit in a business role not tax/legal/risk/compliance.
Since you haven’t specified I am going to assume you are taking a functional role and not client facing role. But based on my experiences, some pros and cons -
Pros -
1. You gain a lot of depth on issues/situations
2. You see something from end to end and see the impacts of your decisions play out over months and years
3. Work life balance is great. No one really works more than 40-45 hours
Cons-
1. You don’t get exposure to multiple client situations and a breadth of problems across industries or situations
2. Your relationship with your boss will be critical. If they are an assh**e, heaven help you
3. Career progression will be slower. There is an expectation that you will have to spend 3-4 years at each level to prove yourself before you will be considered for the next level
Layoffs were just announced for truist.
I’m client facing, and my biggest gripe is my managers not being very good at distributing work and a few staff get overburdened and some are breezing by and speaking up about it is seen negatively. So it boils down to my boss(es) sucking.
Per se career progression doesn’t matter as much to me as long as I’m making enough money so I can save for retirement, pay a mortgage, and buy food
Bro -
It’s the same on the in-house corporate side too.
Job cuts coming at Truist.