Thoughts on small/medium firms? I floated my resume to a local ~40 person firm and one of the partners and a manager want to talk. I’ve never worked at any public accounting firm and have been sending resumes out to all the B4 and some regional firms as well. From what I can tell from their website the benefits are more or less in line with B4 and other firms.

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Ask for a referral to some public firms - they are generally hiring depending on service line and geography.

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Working at any of the top 100 firms gives you more than enough edge.

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I worked at small firms, mostly because my cousins at Arthur Anderson never came to any family events other than funerals, and that was not the lifestyle I wanted. A small firm I worked for got acquired by a top ten firm. I stayed for five years. The last six months I was there, I was working 7 days a week and still felt like I would never get caught up. It broke me. I went back to a small firm where I make more money for fewer hours and I am so much happier. As for technical skills, people in small firms tend to understand basic accounting better because we have to help clients with their day-to-day questions that come up. Tax and assurance people work closely together and communicate about the clients better, in my experience. We also consult on succession planning, acquisitions, etc. Since we don't have separate teams for those issues, there's always much to learn to keep the job interesting. That being said, the bigger firms have bigger clients and I'm glad I had that experience even though I chose to leave. If you just want the experience to have on your resume, I'd opt for a big firm. If you want a career in public accounting, I'd opt for a small firm with a partnership opportunity.

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If you make the move into public, ask them during the interview process whether they have a clear path to partnership. If you like public, you want to know that the opportunity is available should you choose to pursue it.

Where are you located? Are you switching from industry or big 4 going smaller?

Oops missed the second half of the question, industry to public, then probably back to industry once I get some public on my resume.

If your plan is go back to industry in few years, I would try to go big4 or at least top 10. The small firm with 40 people is not going to give you much of a edge.
If you applied to big 4 and not heard back, try to get referrals and that should help. I know most of the PA firms are looking for folks in almost every group.

What roles are you applying at PA firms?

Audit/advisory positions

I interned with a small firm for almost 2 years while in CC and am now at PwC. Some of the bigger differences I’ve seen are (my personal experience only):
-Pay: way lower at small firm and raises are very small
-Promotion: promotion structure is less organized in small firms and people were promoted much slower; one guy did make partner in like 9 years though
-People: older in small firms than PwC, more people w families
-WLB: better at smaller firm considering most were 3/15 and 4/15 filers whereas PwC has a couple busy seasons year round
-Culture: PwC is more corporate, less interaction with partners but I really enjoy the company of people my age who are more competitive than the smaller firm
-Work: the work I do now is much more interesting (to me) although as someone else mentioned, smaller firm people have a stronger knowledge of overall accounting since PwC people work in more specific areas
-Technology: the small firm wasn’t as techy as PwC (of course) such as they still used a lot of paper

If you have a family, not interested in staying for too long, want a slower paced environment and feel like you’re helping your community (local businesses and people) then the smaller firm would be a good fit

If you don’t mind long hours, prioritize money over WLB, want to acquire technical knowledge faster, work with more technology then a bigger firm is more suited for you.

Neither one is the wrong answer, just what fits your needs. I’m beginning my career and I like the faster paced environment but some of the people in the smaller firm had left bigger firms for a more manageable lifestyle. Good luck!

As you continue to interview please remember to not sell yourself short. Add that $10k back on to your asking salary and let them counteroffer (better yet, have them make the first offer). That way you dont get lowballed.

Congrats on your baby on the way and I hope you land a role you enjoy!

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