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People get promoted in industry too. It’s just a scare tactic used to keep people in PA.
I left right before making manager and couldn’t be happier. Better work/life balance, less stress, I don’t feel like I take my job home when I leave work, more money, and it’s a complex/large (not too large) business in the process of a lot changes (new ERP system). I feel challenged, the vast set of skills I learned in PA are valued/beneficial to what I bring to your finance team, and there’s a lot of opportunity for growth going forward.
OP- Maybe you’re in the wrong role after leaving PA? I had a list of things I wanted when I was job searching and among them were challenge, growth opportunity, and not feeling stagnant like I did in PA. I feel like I found a role with what I was looking for and genuinely feel like I contribute and will to the success of my company!
I left and am enjoying life, making really good money, and work with solid people, but I do sometimes think that I could progress faster if I went back to PA
I left PA after 2 years as a manager. There are people who work under me that have the same or more years of experience as I do but left PA at senior. It's not impossible to move up in industry if you apply yourself but it generally takes longer and is often dependent on circumstances outside of your control.
If you are truly sick of PA and find a good opportunity then take it. If you are leaving for work life balance make sure your new industry gig actually has better hours. I was fortunate but a number of my former coworkers in PA left for industry and now work more hours on average than before.
There are also other factors that play a role - the longer you stay in PA the harder it is to make a switch into something else. For ex., I hate the group that I’m in in PA and staying till manager will severely limit my exit oops to that specific industry (I’m in FSO and it’s just horrible). I am looking to leave now while I’m still a senior to do regular Corp tax work.
If it’s this October then yes, if it’s next year highly unlikely. If you are not FSO then you have much better exit oops than me, so I’d say if you can handle a little bit more of PA life then stay till manager.
Hmmm. About to leave before making manager myself. Commute and work-life balance have played a role. Im sure you can always jump back if you really want? But you may have stunted your trajectory somewhat.
People get promoted in industry but it’s not like public accounting. To hit director for private youd have to work there for 10 years (depending on age and experience). Most people leave because of work life balance. But who can blame them. If you have a good social life, leave. I don’t, so I stay. Lol
@BDO1 this is how I currently feel. I’m going into my second year as a senior and am considering dipping but don’t want to stunt my salary growth by taking a big bump now
I recently left as a senior 2 and now I’m an assistant controller. No regrets so far as I now have more time to myself and I don’t take work home. I’m not worried about progression yet as I’m okay with this position for a couple years.
It’s actually a big company with different locations in the US. I’m the assistant controller for one of the biggest locations.
How difficult did you guys think the move was? I want to go private but I feel like with a tax background, not sure what I can or should do. I’m really lost right now :(
Only been out a month but going well so far. I left as a S2 into a technical accounting manager role. It's interesting work as it's a lot of researching and application or that research to my company. As well as various special projects as they arise. So it's keeping me up to date on guidance changes and honestly having the time to just research has greatly improved my knowledge in just this short time (more into 606 nitty gritty and so on). In public I sort of hit a wall where I wasn't learning as much and I had some micromanager managers who took over all the more complex areas. Then there obviously wasnt a ton of time to research things on my own. I learn a lot better by doing than sitting through some one hour firm training as well. I do some month end type work as well but not a whole lot. Given I have a manager title and am learning technical skills I'm not worried about advancement later on as I'm developing an in demand skillset.
But the biggest part for me is all the bullshit in public is gone. All the little things wear you down. Having a multitude of managers, having to deal with several clients, never knowing when something will blow up. No more travelling to different places and even the fact I can just sit down and work instead of dealing with setting up a laptop, doing vpn, then goddamn time entry, is really great. I work in a direct line of reports now and it's much smoother sailing. Make a good chunk more money too...