|
Accounting

Why do people move from one mid or big4 from to another solely for a little more comp, only to be evened out in two years? Seems like so much work, learning everything at new company, software, etc...

like
Arrow Icon
Posting as :
works at

Culture? Different team? Different clients? There are a lot of reasons. Not always about comp

like
Arrow Icon

Probably a lot easier to just say that

likesmart
Arrow Icon

You will never be fully valued at your current firm without moving. As companies rarely care about keeping people; they want to do the minimum possible. Also I don't think evens out in two years for everyone. Had I stayed at the original consulting firm I was with, I would be making $30K less. It sucks but moving companies is the smart play. People also move for career progression. Maybe at your current company you get passed over for promotion. Or maybe the writing is on the wall and you can't compete with the talent at the firm.

like
Arrow Icon

I cannot speak to each firm that is true. Only to the ones I have worked at or can base the information I have been given from people who have switched firms. It's always the same story and the same reasons. I actually really liked my previous firm and everyone I worked with but that doesn't mean the firm treated me well as a top performer year over year. Value is judged by dollars in this world. Firms give the appearance of caring but at the end of the day you are a number to someone.

Arrow Icon

Well I went from audit to advisory so the pay pump is more or less permanent, but most importantly the people and culture are much better now.

like
Arrow Icon

Yes, margins for jobs in advisory are much better than audit. I think salary is consistently 10-20% higher. I got a 16% bump when I lateraled from audit to advisory and another 20% a year later for senior promo.

Arrow Icon

I want to move from audit to TS eventually and I’ve heard it’s easier going to another firm than transferring internally

Arrow Icon

Having been at three B4 firms, the tech is pretty interchangeable. Ones does lose a support base and some intangibles when moving, but I’ve found it to be very beneficial. I’m in a specialty tax group with advanced degrees though so different experience than others.

Arrow Icon

Trust me, after Mercury, EY tech is not interchangeable. It’s on a whoooooole other level. Like farther away from heaven.

Arrow Icon

A lot of times switching can come with a promotion/move to a different group you couldn’t get before

Arrow Icon

Related Posts

What is the average salary of a Staff 2 and Senior 1 for PI Finance in Chicago?

like
Arrow Icon

Interviewing with BCG for Principal, Insurance Strategy. What should I expect comp and bonus to be? Just want to negotiate right.

like
Arrow Icon

Got promoted to senior 7/1/16. They changed up how they do bonuses so it's only one bonus paid out in Sept instead of 2 per year. I won't see a penny in bonus $ for over 16 months. (Assurance LOS)

like
Arrow Icon

Can we talk about comp for a minute? Curious on management compensation based on experience / segment. I’ll start: 150/150k, 40k RSUs, 7 yrs mgmt experience, 8 years AE. Primarily commercial segment Below Fortune 2000 companies. Variable is pretty spot on or above +10-15% given performance in a year. Please share actual attainment not advertised OTE. Thanks!

like
Arrow Icon

My most recent director told me that my time is being charged as Sr Consultant, so that’s the expectation for my performance. My title is associate, so two levels below a senior consultant. My last two appraisals have been scored against senior consultant roles, which my company has used to justify why I’m not eligible for a salary increase or promotion to consultant. Is this normal?

likefunny
Arrow Icon

Is it possible to negotiate salary once I join the firm (MBB), esp after a promo? Tried to negotiate at offer but recruiter pushed back hard... I dropped it but now I feel like I fucked myself over.

like
Arrow Icon

Contemplating making the move from Civil Litigation (insurance defense) to White Collar defense and securities litigation. Move would be to a bigger firm with ~ $70k salary increase. Can anyone provide any insight into work-life balance and overall enjoyment in these areas?

like
Arrow Icon

Can any firm truly ask you to provide pay slips to verify stated salary? What if you inflated the number?

like
Arrow Icon

Expecting a promotion to senior consultant this month. What can I hope to expect for compensation in Atlanta, Ga?

like
Arrow Icon

Those who have jumped laterally: sell to buy or buy to sell, what was your salary/bonus increase in first year? (Not talking IB to PE)

like
Arrow Icon

What would be a fair range for total compensation (base, rsus, bonus) for Senior Product Manager role in FAANG in Bay Area? Wondering if it’s worth relocating with family given cost of living there.

like
Arrow Icon

Just saw someone got denied from a job after counter offering in the coronavirus workplace bowl so wanted to gain thoughts from you all. I received an offer today from a great company and am considering counter offering for them to meet me in the middle since the offer is 20k below my current base salary. I’d like to counter for 10k more on my base salary. Has anyone experienced salary negotiations recently and are they working out?

like
Arrow Icon

What is the typical senior copywriter salary in Chicago? How about at FCB?

like
Arrow Icon

I’m applying for roles as a software development manager in NYC and both tech and finance companies. I have 15 years experience in tech. Not from the US and only moved here last year. Does anyone know the ballpark salary range?

like
Arrow Icon

How do payouts work when you leave the firm? Like you have 20 days of unused PTO, will I get a check for 4 weeks of my current salary?

helpfullike
Arrow Icon

When I first started in public accounting I heard that, if you’re doing things right, your salary should double every five years. Thoughts?

likefunny
Arrow Icon

Has anyone worked for both D and ACN(consulting) that can compare the pros/cons of each? Specifically re: wlb, comp, culture, advancement

like
Arrow Icon
like
Arrow Icon

If you get a set bonus amount every year, say 10% at 100k salary, would you say that you make 110k or go with base salary of 100k?

like
Arrow Icon

I recently received an offer from EY’s TAS and Deloitte for M&A work. Anyone knows the range of senior manager salary in EY TAS?

like
Arrow Icon

Additional Posts

Anyone have experience owning a vacation home you also rent a portion of the year? Thoughts? Strong rental history, newer home (early 2000s), 4 hour drive from main residence, lake, desirable area.

like
Arrow Icon

Is anyone else having a hard time matching compensation? I’m currently making about $250k total comp. I’ve interviewed for several Director-level roles but most have total comp in the $190-220k range. Is it actually possible to keep my comp level or should I set my target lower?

like
Arrow Icon

Game ideas for a virtual Baby Shower? Thanks in advance !

like
Arrow Icon

How do you transfer offices when you've worked <1 year? And is there ever a salary adjustment?

like
Arrow Icon

Opinions on Harvard Extension School? How do you think it would be seen by hiring managers?

Arrow Icon

Is it possible for a US CPA to get a job in Southeast/East Asia (Korea, Japan, Malaysia, etc) with no prior work experience in those countries? I have B4 IM tax experience (all in the US). Possibly looking to live/work there for a few years to be closer to extended family.

like
Arrow Icon
like
Arrow Icon

Was laid off from my job today, which is a personal first. Was there for over 18 months. It was my first full time job in the industry. Is it a logical assumption to think this is the norm?

like
Arrow Icon

West African here, on OPT but visa stamp expired. Can I go to Canada for a renewal?

like
Arrow Icon

Body aches from sitting all day during this WFH. Looking to get a new chair with good lumbar support... any recommendations?

like
Arrow Icon

How do your companies recognize technical (e.g., STEM) accomplishments? I’ve heard of old school things like fellowships and “Distinguished Engineer” titles. Wondering what other places do now. I’m struggling to see where my path leads if I don’t want to be a people manager and instead focus on becoming a top technical IC instead. Are there clear paths for that anymore?

like
Arrow Icon

I feel like I’ve wasted 6 years of my “career” and with covid and no one truly hiring going to be 7. Sometimes I wish I just went to law school

likeuplifting
Arrow Icon

Looking for an office chair for my desk for WFH. Over my couch and working on the counter top. Thanks for suggestions!

like
Arrow Icon

Ladies, How can I support a friend going through mental health issues like anxiety and depression ? She is constantly going to her work computer even when she has nothing to do. She struggles to focus on other activities outside of work

like
Arrow Icon

Is it a vacation if your boss emails every 10 minutes *around the clock*? Stupid me let IT install Outlook on my phone. PEOPLE. If you are in leadership, have the good sense not to email your team ‘round the clock. ESPECIALLY if your employees have been generous enough to use their personal phones to keep in touch. They need a break from work and a break from you. Every time your name pops up on their screen, it’s a micro PTSD moment. Put that shit in your outbox and send it in the morning.

like
Arrow Icon

Should a thank you email after an interview come immediately? The next day?

like
Arrow Icon

Anyone stayed at the Westin Cozumel? Worth doing over La Semilla in Playa del Carmen?

like
Arrow Icon

Worst onsite consulting locations? Mine was San Antonio... I have a tough time finding good eats in the area.🍗🍣🍔

Arrow Icon

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what’s it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

Please enter a valid number