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ConcernedAccountant7

I left public for industry. Way more money and way easier. People, you have a choice.


Big4BurnOut1

this gives me some hope


11122233334444

As a SM, you will guaranteed to be able to land a sweet gig. You’ll know the best-in-class practices and have the lovely name on the CV. I know as I’m speaking from experience, moved just a few months ago. Elated that I can clock off work at 6, and not be concerned about work messages!


SlicedWater20

LOL senior manager how could I forget just after reading the post, sorry it’s 1:00 am 😂


11122233334444

All good, we’ve all been there LOL


vishtratwork

I don't know about guaranteed. Dude is a FS Tax Senior Manager. There aren't that many HF and PE tax director roles out there. Sub$5b funds won't have a tax person at all. For interviewing, you'll be behind people with public/private experiance. On top of that, I'd apply to a job, and hear in a week or two at least two or three other people in my role also interviewing. Leave now, once the job market tightens you'll he competing against most other senior manager/directors in your firm for that job.


ConcernedAccountant7

I left public after six years for a great job. After nine and in this job market OP should be able to get an awesome job in any number of companies.


SlicedWater20

What’s a SM


CowardlyDodge

Senior manager


Hobbes_121

Left for industry 1.5 months ago and I can't fathom going back to public the way it is.


Buggz229

I haven’t finished school yet but have a job doing A/R for a business I worked for in a different position. My family(grandfather specifically) is upset that I don’t want my masters or my CPA. I’m perfectly content with the work I’ve been doing and want to go instead for my CMA. After hearing more about public it just sounds like I’ll be grey by the time I’m 30. I’m 22 and already have white hair from life/school. Let alone something I’m going to be doing for the rest of my life.


Warrior7872

Going for the cpa whether you’re in public or industry is very beneficial. Most people in management positions have a cpa. Now you say you’re content doing AR work but at some point you grow out of that. Unless you want to make 20 bucks an hour for life lol. I think you should reconsider because it is a few years of investment for huge return. You can still do a lot with just the bachelors don’t get me wrong.


[deleted]

I’m going for the CMA as well, people really push the CPA as it’s going to give you insane leverage but when you have friends with a top 20 mba or pick up programming making more than those with a cpa kinda makes me want to explore other opportunities. Good luck!


ConcernedAccountant7

CPA is just a golden ticket.


bcitman

How much does controller pay


ConcernedAccountant7

150k but it can go higher.


raoxi

i realised this at M level, make M then bolt it. Unless you know you are on partner path n can make it in 10-13 years.


Big4BurnOut1

What I’m realizing is the “partner path” is less structured than it used to be. So many of my colleagues on “partner path” were pushed aside by outside hires.


Bonch_and_Clyde

Isn't partner path just bringing in business? You're a lot further along than I am, but that's my assumption. Seems to me that once you get to SM level if you found a way to take initiative and generate revenue by bringing in a client then that's what bumps you up to partner or at least goes a long way towards it. Not that any of that bullshit is what I really want anyway.


goldenbear2

There’s a lot of political play involved. It’s not just business development even though that is important. Some things score you more points. I see lots of SM’s who are actively involved in extracurricular like taking on various roles (spear heading some new tech implementation to help with audits, being in charge of firm learning, even things like social committees) but get passed up for partnership for a SM who just did a 6 month secondment in NYC and got rave reviews. On the darker (and shittier side of things imo), there is also this whole quota BS thing. Don’t get me wrong, I’m a POC, but there is definitely some sort of quota that national offices want when it comes to gender/ethnicity/etc representation. Probably not a priority at all but it is a box to check. You will get an idea of what track you are on imo if partners start tapping you on the shoulder at the M level to be involved in bus dev however - being on proposals, getting involved w on-boarding new clients etc. if you are getting those opportunities, then I think it’s a good indication you are on the right path. It’s definitely the long game. Actually it’s hardly a game at all…you are busy politicizing but also need to supervise your staff and making sure jobs are done. It’s really a lot. I’d like to think I’m finding some aspect of success in the whole journey but it is exhausting and I’m always on my toes. I’m tired of having to “prove myself to the partnership” and always telling myself “just one more hurdle”. It truly feels never ending.


Rebresker

Not sure if always getting put on first year clients and getting sent in person is because they think I’m good or because they want me to suffer…


Big4BurnOut1

I fully agree


Dogups

Staying till manager is not needed. Get to senior then bounce. The extra years to get manager could actually hurt your exit ops and definitely not efficient if you want to maximize your pay /hour.


merlin5603

In my practice, the lives of partners wasn't any better. There was no light at the end of the tunnel. Just plowing through endless shit until mandatory retirement. I've been out for 3 years. Best decision I ever made.


Luxim_

Head up mate, it will be different next year...


Dogups

Yeah, the firm is going to push for a ton of interim work to ease busy season stress. That's totally not going to just make busy season longer. They promised.


theboiflip

Dont fall into the sunk cost fallacy and try to make partner just because youre already a SM.


[deleted]

My man over here fucking career paths, I thought I had strange kinks


lostfinancialsoul

The level of stress that hits you so early on at senior... really is like a fucking freight train in comparison to the previous years. Can't imagine what is like at SM.


PhgAH

Yeah, in the senior milestones celebration, I only heard older Senior lament about their additional stress and how should we cope with it. So I flee right before busy season hit.


goldenbear2

It’s worse at SM.


TheRealPRod

Yet there you are still.


[deleted]

That sweet sweet paper will do that


Big4BurnOut1

Oh I know


reeser6

You still have time to escape. I did 12 in public and definitely stayed a couple years too long. You've earned all the upside you can, so bounce and get that big payday and work/life balance. Although, since you're in tax, you have a ton more deadlines than I do on the GAAP side. Still, way better in industry. Good luck!


p0mphius

Is that hard going to partner?


reeser6

Lots of paperwork to get others to support you in your bid for partner, tons of business development expectations, and a lot of competition for very few open spots. Once you put in 12-14 years, moved across the country (or internationally) more than once, and put everything else in your life on hold, many people feel like they have sacrificed so much they better just stick it out. Once you make senior manager, it's definitely time to take a personal inventory and decide whether it's time to plan for an exit or strap in for the long haul. Honestly, you should also do this upon making manager, but you might get feel there is still more to gain at that level, especially if you want the firm to pay for an international rotation first.


p0mphius

I definitely feel like I only want to leave after senior manager. Giving my twenties and early thirties for this firm. Cant wait!


reeser6

More power to you. Just make sure you have frequent candid conversations with the partners you work with so they know what you want and they're clear with you on how to get there. Don't leave anything to chance or second guessing. You will put in a lot of work for the firm so they should give you just as much in return, and I don't just mean salary. For the record, I greatly enjoyed the time I spent with the two B4 firms I worked for. It just became obvious in the last couple years that my priorities were different than the partner track.


p0mphius

Would you be able to share why a different track, exactly?


reeser6

Family mostly, as the work/life balance in public just wasn't happening. Very demanding clients, unreasonable partner and firm expectations when it came to budgets and staffing, and feeling like I never had any downtime. I just about never got home in time for dinner with the family, and that was really wearing thin as my daughter was growing up. Since moving to industry, not only have I been able to avoid working nights and weekends, been home for dinner with the family and able to take vacations, but my total compensation went up significantly. Of course, a big part of why my compensation went up was because of the experience I gained at the B4, but at a certain point your earrings potential isn't going up that much more the longer you stay.


Bonch_and_Clyde

My plan is to evaluate things once I get to manager. Currently at senior at a top 15 firm. Actually do kind of like the work. Really like the leadership at least in my office but just neutral for national. Feel like manager would be the time to jump into industry at a leadership level and start trying to climb that ladder if public long term ends up not being for me. While I like the work at my level (and I am good at it), I'm not sure that the work of a partner really appeals to me, so maybe that just means that public isn't it for me long term.


[deleted]

Any worth in switching to B4 as a senior and staying for a couple of years to GTFO? Looking for more entity experience my firm isn’t providing.


Big4BurnOut1

yes get 1 or 2 years and then leave for a raise


[deleted]

Thank you and god speed.


schneybley

Honestly is being a Partner even worth it if you make it? I've been thinking, yes a job like that you will make money. You could make $500,000-1,000,000 a year, even more if you're a great partner in a lucrative service line. That's the problem, even when you make partner you will probably still be stressed and can't rest on your laurels. Being a partner means having endless battles to get deals and make more money. What's the point unless money is pretty much your God and you need a lot of money to live the life that you think will make you happy, if it even will.


Bonch_and_Clyde

My mom's childhood best friend's brother was a high up tax partner at EY. I don't know how much he made, but I imagine it was an obscene amount of money. He retired relatively early. Sometime in his 50's IIRC and has the freedom to do whatever he wants. Sounds pretty great. But how his life was climbing the ladder was described to me I'm not sure it sounds like it was worth it. Always traveling. Mostly not present for raising his kids. He probably has plenty of time to spend with grandkids now, but that time with the kids you don't get back. I don't really know them, so I can't say how they feel about that one. I think it's probably not even money that drives people for that. It helps I'm sure, but at some point money is just numbers in an account. I imagine it's ambition for some idea of being the best.


p0mphius

“Everytime I walk into a room, I ask to myself: am I the most important person in the room right now?”


Rebresker

I knew a partner for McGladty before I even knew what public accounting was. He was a carefree and charismatic guy. Retired in his 50’s when it became RSM.


schneybley

I can see that. I used to be like that. I didn't get a lot of respect when I was in the military and I have a desire to prove to no one but myself that I'm better.


deluxepepperoncini

I feel like I’ve learned quite a bit more in industry than I have in public. Public is a joke. Always rushing, mostly SALYing to just get it done and then when shit hits the fan, long hours and passive aggressive bullshit. No thanks.


Big4BurnOut1

This comment captures the B4 in a nutshell.


srslybr0

can't imagine being a senior manager - clearly you have the mental fortitude of a god, but is the boost of "senior manager" on that cv really worth the extra years of stress? i can't see any reason not to jump once you hit the senior level.


[deleted]

I left B4 a month after making senior. My team has hired 3 of my peers who were managers and senior managers in public, below my grade. 100% long haul hurts you unless you want to be a partner. There’s no reason to stay a month after you make senior.


LordOfTheSoyBoys

Damn, that’s crazy… Anyways, how much do you make?


Big4BurnOut1

about 180


LordOfTheSoyBoys

Bro, you do realize how lucky you are right? You’re literally making 180k. That’s fucking insane. I guess what I’m saying is, how can you make 180k and really tell me that it’s not worth it? I hate to make myself sound like a peasant, but it is what it is. You literally make more than my entire family combined.


Bonch_and_Clyde

$180k in SF might not be that insane. Don't know if that's where OP is, but OP said a large California (edit: "West coast") city. Probably still pretty great and even if it is insane it could still not be worth it.


[deleted]

[удалено]


LordOfTheSoyBoys

Guess I’m just too poor to understand. I’d let someone pee on me everyday for 180k a year.


[deleted]

You're probably young too. I was once that way as well. Chasing cash and prestige. Got into Big 4, killed it until the manager. Then something clicked. The realization that trading my time for prestige and money was too high a price for my time and youth. So I bailed, and took a boring industry job for a little more pay. Sure had I stayed I would probably be making way more bank, but I would have had to sacrifice my downtime. Nothing feels as great as clocking out at 5 knowing the rest of the day is mine, instead of going home and working for 5, 6, 7 hours more on some terrible clients return. That I can take a day off on Friday any time of the year for a long weekend and no one shitting their pants because the firm is understaffed for work. Sure more money can buy nicer clothes or a nicer house, but you are afforded limited time on Earth, and no matter how much you make you can't get that back. TLDR: Money isn't everything. Work to live, not live to work.


Big4BurnOut1

This guy or gal knows.


LeBronda_Rousey

It's all about context. I have a few friends that hopped over to private as soon as they made manager. These tech companies total comp (base, bonus, and stock) end up being close to 200k. That's 5 yrs vs the 9 OP put in.


ZestycloseGur9056

I’m looking to get into pwc-Houston soon, which job do you think has the best work life balance?


Big4BurnOut1

anything non client serving


ZestycloseGur9056

Isn’t all the jobs in public accounting client serving ?


Big4BurnOut1

Internal admins


[deleted]

[удалено]


OPKatakuri

How was your career path? From a student going to public 4 but unsure if I'll get in


CuseBsam

There are other options in PA outside of B4 if you don't make it into B4. Most government jobs you'll probably be pretty low level for a while. If you're looking at government jobs, probably makes more sense to go into public in a company that does a lot of governmental audits for a few years, then jumping to government.


KimberelyHarmon

Smells like a future industry bro. Join us!


swiftcrak

Go become a tax director for a PE firm and make bank and have a life


Sweepel

Do you feel that, as a senior manager, it’s too late to leave? Or would leaving At that level involve a pay cut?


Immediate-Joke8605

Time to move! It’s been killing me inside. I hope I can find the right industry position very soon. Always new deadline comes up and more responsibilities. I worked till midnight last Friday. I just gtfo here


prdiddly

Omg. The chances you are in an old group of mine IRL are non-zero. I quit, went to a tech company doing tax things and it’s better. I’m sorry you’re still in it. K-3 blows, amirght?!


Bobastic87

What’s your pay like right now as a senior manager?


Big4BurnOut1

About 180k


Bobastic87

180k in large west coast city? Is this SF?


Swimming_Ad_9056

Dang, do you plan on staying until partner? Or are you planning on making a exit?


Big4BurnOut1

I believe it’s finally time for a move to industry. My wife is getting tired of this…


swiftcrak

Do you have stress related ED?


Big4BurnOut1

Big time, pun intended


tikaychullo

I'm curious, why do you stay? Wouldn't you be able to get a comparable salary in industry for far less work?


SlayBoredom

I wonder if I can manage to... make it easier from busy season to busy season, you know? giving more shit to overmotivated younger managers or assistants while slowly picking out nice clients. Planning more hours (a cushion) and then finding any reason why we have to book out hours (not sure how it's called in english, like not being able to "sell" all hours).


Big4BurnOut1

Verbatim of what I would recite to myself every year


Dealer_Forsaken

Sir or Madam, what do you think of government path?


25sigma

Entitled man you are. Poor you have not been before. Retail you have not worked.


[deleted]

[удалено]


25sigma

How the hell does this not seem like a joke to you, then? Nobody is forcing you to work these long hours. You can work from your comfy couch. You’re paid stupid amounts. You probably have a hundred exit ops in your LinkedIn messages. What rubbed me the wrong way and caused me to comment was the tone of this role being as bad as it gets. It’s not - you haven’t scrubbed public toilets before for minimum wage, evidently.


Big4BurnOut1

You’re right. Deleted my comment.


[deleted]

[удалено]


Big4BurnOut1

How long have you been in this? Reminds me of me when I was younger. Time and shitty experiences will change you. At least it has for me.


p0mphius

Why not make at least manager?


bbb123711

Op is a senior manager..


Deep-Distribution264

Is it better to stay for a busy season as a senior then ditch B4? Or immediately bounce once you get the senior title and before busy season??


[deleted]

It is still not too late for you to jump ship.


yorkshireaus

Thanks for sharing this. I worked for a regional Midwest firm. I made similar conclusion as yours and left around 4 year mark to industry. Industry got it's own set of headaches, but I haven't worked more than 40 hrs week. Unless it's a month end, year-end, quarter end, I usually work around 15-20hrs and rest of the time I am usually in meetings or just making sure processes are being followed and other operations stuff. I wanted WLB and public accounting can't provide it. The industry got more money. However, the only cons I have working in the industry is you are doing same thing over and over. So it gets quite boring. I might jump ship to another company at some point.


noonematters3

Left after 2 years and I can’t begin to explain how happy I am with my choice. I’m probably the happiest and healthiest I’ve been since I was back in high school, except now I have money


SunshineEnthusiast

Then leave?


Big4BurnOut1

Upvoted


[deleted]

I entered B4 as a manager, promoted to senior manager and have never been happier. I've worked at a lot of public accounting firms, and this is the best time of my life. Getting paid for what I am worth, working from home, and not treated like window dressing.


friendly_extrovert

It’s the same at my small firm. The more you get promoted, the more you’re expected to put up with and the more deadlines there are to meet. Hopefully you can transition into a better role.


[deleted]

I hear two years now is all that is needed, specially if you are going finanish.