Would you take a lateral exit opportunity (Audit SM > Audit SM) from KPMG to a much smaller public firm for a base pay increase of 35% - 40%?

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I did this for for a ~45% bump and while I don’t regret it it’s not perfect. Things I would take a few moments to consider.

-It may not actually be a lateral, I believe KPMG has D or MD before partner. If your next position at the smaller firm is Partner I would think it’s really a promotion in role.

- Do you have a realistic path to partner at KPMG, If so I would also consider long term earnings. Big 4 partners generally make much more than mid tier partners if that’s your goal.

-I went to a top 10 firm and while they still have good tech it’s miles behind what I was used to. The audit software I had at PwC was like a Porsche and now I’m driving a 2005 Honda Civic

-You will have more clients and by and large they will be less sophisticated. That said some of my favorite clients I’ve ever had I have now so this isn’t necessarily a bad thing just a key difference.

- In general I actually work more, my busy season is much longer. I used to be done by 2/28 now I’m grinding til at least 4/30 and while the hours per week are less I preferred more intense hours for a shorter period.

-The comp increase has meaningfully reduced my stress regarding money, my income is such that I don’t really worry much about cash and while I will likely make less long term than if I stayed at Big 4 I’m certainly not hurting

-The biggest drawback by far is your starting your network over

TLDR - Sometimes I miss my old firm…but I would miss the extra 45% I’m making more.

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Again. All other things being equal, a move to same title role between big 4 and lower firm is NOT a lateral move.

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Cmon guys don’t make P1 say it again for the 1000th time.

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I’d have to be really comfortable that the small firm has the infrastructure and support needed to be successful. The comp increase is obviously fantastic, but if it’s not at a sustainable position or firm then it’s moot.

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I would for that kind of comp increase. But im the kind of person who doesnt give about long term. Just short term gains making as much as possible so i can hit my retirement goal sooner.

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If you stay would you expect to be promoted in a few years? If so that could have significantly more upside than a one time salary bump.

If you've peaked here or are close to the end of your career and there is no real incentive to stay then I'd certainly consider it.

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