Has anyone had to repeat a year at a big 4? Any advice if this happens?

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  • #195493
    Liz
    Participant

    So I’m curious to know if anyone has heard of or had to repeat a year at one their firms due to interesting circumstances? Any advice how to proceed?

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  • #682434
    Skynet
    Participant

    Look on the bright side. At least you will be a year older than the other kids : )

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    #682435
    ScarletKnightCPA
    Participant

    Never worked at public but typically when they are promoting everyone but not you they are trying to tell you to leave.

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    #682436
    Anonymous
    Inactive

    You really don't give any detail so we can't really help. Although generally if the majority of your class was promoted and you got left to repeat, Scarlet is right. Only exception to this is if your practice in your office is super small and there is just not enough room to promote (which I've really only seen at the Manager level –> If you are held back at any time before that it is absolutely a sign that you should GTFO).

    #682437
    luyiqing
    Member

    My classmates all became seniors and I am still a staff. They joined big four via campus recruiting and I am from experienced hire and I have been in the firm for several months. My practice is really small so I have the same question too regarding the promotion structure.

    #682438
    Anonymous
    Inactive

    It would suck lol

    #682439
    Liz
    Participant

    There are too many details to go into, but from my conversations with people, basically it happened because management failed the staff during the audit, due to no senior or any intermediate review. So as consensus goes, someone has to take the blame for the problems that occurred. Also, no conversations were had prior to reviews so there was no opportunity to fix any potential issues. I was blindsided.

    #682440
    rp 12
    Participant

    Anyone in that situation should not continue to work in the same firm. It is better to start looking outside for another job in public or in an industry. It is not easy to repeat. Your staff class has moved into 2nd yr, and kind of people know what happened, and I think mentally there is a sword hanging and it's like when your job could go.

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    #682441
    sushi222
    Participant

    Not sure why there is so much negativity here but I know a lot of people who got held back and are repeating their Staff I year at my big4 firm. Doesn't affect my opinion of them in the least, seems pretty common around here. I just take it they got a bad review.

    If the firm didn't want them, why wouldn't they just fire them? They are probably ok staff just not promotion material.

    #682442
    TNCPA16
    Participant

    I know someone who was held back last year, did not do well this year, and is (somehow) getting a promotion. I also know someone who has been given consistently good reviews, had a bad review this year, and was asked to leave the firm. Everyone's circumstance is unique.

    At your level, I don't think this means you need to start looking for another job (unless your firm is telling you that you should be). But, it does mean you need to step up your game and make sure whatever happened this year doesn't happen again. While I've known people who have been held back a year, I have never known of a firm holding someone back 2 years.

    There is a lot of politics in reviews/promotions, so make sure you build good relationships with people higher up in your firm, too.

    #682443
    fuzyfro89
    Participant

    “So as consensus goes, someone has to take the blame for the problems that occurred.”

    Unfortunately, that's kind of the way it is. I remember one manager I worked with also gave me a bad review which conflicted with good reviews on other clients, and later that year fought to get me back on his client since everyone else had left the firm.

    As far as how to proceed, there could be a few situations:

    1) They intend to fire you eventually, and want to put you on a “performance plan” to show you've been notified

    2) They do NOT intend to fire you, but are running low on projected turnover office-wide, so a few bad reviews for “low performers” will hopefully take care of that problem by itself

    3) Someone hates the way you look/smell/taste and that's just the way it goes

    As far as what to do about it, you should consider opportunities outside the firm. It's tough to really know which of the situations you are in, as they don't exactly fill you in that the goal is to lay you off. For your own knowledge, it's good to know where you stand in the job market overall.

    As a personal story, I got another bad review by the same manager AFTER he fought to get me back on his client… and I told the scheduler I wanted to get out. He was just a tough person overall, and the job was poorly managed, so it made the staff/senior look bad when it didn't go smoothly. If I had instead gotten a good review, and stayed another few months until getting promoted, I may actually still be at the firm today. Instead, I started looking at opportunities at other public firms and in industry, and landed a promotion and massive pay raise to get into internal audit staff at a large public company. This would NOT have happened the same way if I hadn't looked around at that time, so I suppose in some ways I got lucky that manager was such a d*bag.

    Moral of the story: at least once a year, test the job market. You never know what you're missing. Even if you are happy, it's still good to reinforce that with some searching. If nothing better comes up, then great. If something does, then that's great too.

    #682444
    Anonymous
    Inactive

    It doesn't necessarily mean you are getting fired but it DOES mean that they don't really care if you leave, which is not a good place to be in. Being held back from staff 1 to staff 2 is rare and super odd as that is not even a promotion really.

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