When did you leave the Big 4?

  • Creator
    Topic
  • #185414
    kdubbadizzle
    Member

    Hi guys,

    Was just hoping to get some perspective here. I’ve been with a Big 4 firm for a year now and I am CPA licensed. I’ve thought about making the move out of here to industry prior to busy season starting.

    After how many years did you leave one of the 4 firms, what kind of pay increase / job did you take, and how much different is everyday life?

    Disclaimer: I’m out of an NYC so any information from this geographic would be phenomenal!

    F - 89 8/13
    A - 83 12/13
    B - 87 1/14
    R - 82 4/14

    Becker Self-Study.

    They call me Markus Sanchez. Yes, we're related.

Viewing 15 replies - 1 through 15 (of 16 total)
  • Author
    Replies
  • #551259
    acamp
    Participant

    I've always considered a year of busy season as Senior to be the minimum for leaving. The jobs available really notch up after Senior and after Manager.

    Self proclaimed: Highest ratio of Replies to Others v. Posts Created on A71

    California CPA - Big4 Aud Manager Alum - Private Accounting at Startups

    FAR, REG and BEC with Ninja Notes + WTB Only

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

    #551260
    acamp
    Participant

    I've always considered a year of busy season as Senior to be the minimum for leaving. The jobs available really notch up after Senior and after Manager.

    Self proclaimed: Highest ratio of Replies to Others v. Posts Created on A71

    California CPA - Big4 Aud Manager Alum - Private Accounting at Startups

    FAR, REG and BEC with Ninja Notes + WTB Only

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

    #551261
    Mayo
    Participant

    Agree with acamp. IMO, unless you're completely burned out or are making a conscious decision to change your work/life, leaving before at least acquiring the Senior title is like wasting 2+ years of your life for very little return.

    Mayo, BBA, Macc

    #551262
    Mayo
    Participant

    Agree with acamp. IMO, unless you're completely burned out or are making a conscious decision to change your work/life, leaving before at least acquiring the Senior title is like wasting 2+ years of your life for very little return.

    Mayo, BBA, Macc

    #551263
    greg422
    Member

    What was said above is not really true. I left public after 3 busy seasons (1 as intern) just as the senior promotion was happening. Couldn't have made a better choice with regards to quality of life, $$, stress and being able to focus on an industry. Most of the interviews/offers I received could have cared less what my “title” was. They were more concerned on character and being the right fit. As one said, accounting can be a commodity. The key is finding the person that can apply accounting knowledge and actually help in critical business decisions.

    REG - 82
    AUD - 97
    BEC - 81
    FAR - 84
    DONE!

    #551264
    greg422
    Member

    What was said above is not really true. I left public after 3 busy seasons (1 as intern) just as the senior promotion was happening. Couldn't have made a better choice with regards to quality of life, $$, stress and being able to focus on an industry. Most of the interviews/offers I received could have cared less what my “title” was. They were more concerned on character and being the right fit. As one said, accounting can be a commodity. The key is finding the person that can apply accounting knowledge and actually help in critical business decisions.

    REG - 82
    AUD - 97
    BEC - 81
    FAR - 84
    DONE!

    #551265
    Mayo
    Participant

    @greg,

    Good points. What year did you leave?

    @OP, it depends what kind of position you're looking for. Any preferences on what type of role you're looking for?

    Mayo, BBA, Macc

    #551266
    Mayo
    Participant

    @greg,

    Good points. What year did you leave?

    @OP, it depends what kind of position you're looking for. Any preferences on what type of role you're looking for?

    Mayo, BBA, Macc

    #551267
    fuzyfro89
    Participant

    @OP: It really depends on what you're trying to get into. I'm assuming you're going into something related (IA, tax, senior acct, etc), in which case the longer you stay, GENERALLY the better opportunities you can get. However, this varies a LOT based on how well you network and interview.

    I personally left just before senior promotion in August, and got a significant raise to join an IA group at a Fortune 10. It was a need and skills fit (new IA group specializing in Finance), so that's the reason my offer was better (80K base from 54K as 2nd yr audit staff). I'm in a mid sized city now (cost of living is probably comparable to Charlotte/Atlanta.

    However, I was looking at opportunities that were commonly in the range of 65-75, so 80 was on the upper end of what I expected (hence, why I quit and left immediately). I did come in as a senior auditor/consultant, not staff, so that's definitely part of it. I'm sure staff are getting paid 10-15k less here (very few college hires, mostly experienced.. at least 1 yr ,usually more).

    Agree with above posters. Leaving before senior is not worth it, IF you cannot network/interview your way into a promotion (not just a lateral move as a staff accountant/tax analyst/internal auditor/etc).

    Of course, these considerations mostly matter depending on your own career aspirations. THat is another conversation entirely.

    To answer, my hours now range from 40-55. Avg I would estimate is 47 if I had to pick a number. Stress is still there, but no job is stress free. Of course, I have more responsibility now than I did as a Staff 2 at Big 4, so the two aren't directly comparable.

    #551268
    fuzyfro89
    Participant

    @OP: It really depends on what you're trying to get into. I'm assuming you're going into something related (IA, tax, senior acct, etc), in which case the longer you stay, GENERALLY the better opportunities you can get. However, this varies a LOT based on how well you network and interview.

    I personally left just before senior promotion in August, and got a significant raise to join an IA group at a Fortune 10. It was a need and skills fit (new IA group specializing in Finance), so that's the reason my offer was better (80K base from 54K as 2nd yr audit staff). I'm in a mid sized city now (cost of living is probably comparable to Charlotte/Atlanta.

    However, I was looking at opportunities that were commonly in the range of 65-75, so 80 was on the upper end of what I expected (hence, why I quit and left immediately). I did come in as a senior auditor/consultant, not staff, so that's definitely part of it. I'm sure staff are getting paid 10-15k less here (very few college hires, mostly experienced.. at least 1 yr ,usually more).

    Agree with above posters. Leaving before senior is not worth it, IF you cannot network/interview your way into a promotion (not just a lateral move as a staff accountant/tax analyst/internal auditor/etc).

    Of course, these considerations mostly matter depending on your own career aspirations. THat is another conversation entirely.

    To answer, my hours now range from 40-55. Avg I would estimate is 47 if I had to pick a number. Stress is still there, but no job is stress free. Of course, I have more responsibility now than I did as a Staff 2 at Big 4, so the two aren't directly comparable.

    #551269
    fuzyfro89
    Participant

    @OP: NYC is a good market. Lots of opportunities. However, competition is intense. Unless you have a skills match that is hard to find, your salary demands are mostly determined by the market and it's tough to get a premium. I interviewed for a few jobs in NYC at the same time, and they were in the 70-80k base range.

    Good market in terms of number of opportunities, however, this can be a challenge if you're not very unique in terms of getting that premiums package.

    #551270
    fuzyfro89
    Participant

    @OP: NYC is a good market. Lots of opportunities. However, competition is intense. Unless you have a skills match that is hard to find, your salary demands are mostly determined by the market and it's tough to get a premium. I interviewed for a few jobs in NYC at the same time, and they were in the 70-80k base range.

    Good market in terms of number of opportunities, however, this can be a challenge if you're not very unique in terms of getting that premiums package.

    #551271
    greg422
    Member

    I agree with @fuzy. Similar situation, experience and end result. Its all about knowing what you want and being selective. There are great jobs in private out there, just need to know where/what to look for and also what you may be worth

    REG - 82
    AUD - 97
    BEC - 81
    FAR - 84
    DONE!

    #551272
    greg422
    Member

    I agree with @fuzy. Similar situation, experience and end result. Its all about knowing what you want and being selective. There are great jobs in private out there, just need to know where/what to look for and also what you may be worth

    REG - 82
    AUD - 97
    BEC - 81
    FAR - 84
    DONE!

    #551273
    Anonymous
    Inactive

    @OP, I was at a big 4 in NYC for 4 busy seasons (1 as an intern), was promoted to senior. I was tired of auditing financial service clients and did not want to stay in NYC and work for banks. I took a senior position at a small forensic accounting firm in NJ, raised was only about 10% from 69k to 75k. The hours were great and I stayed there a little more than 2 years. But I got bored and now work for a pharma company in the financial reporting group.

Viewing 15 replies - 1 through 15 (of 16 total)
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