Why a career in ppl unlicensed accounting until partner?

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  • November 22, 2014 at 1:32 am #190275
    Anonymous
    Inactive

    Why would someone choose to stay in public until partner instead of eventually leaving for private?

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  • November 22, 2014 at 1:52 am #619667
    mw798
    Member

    If you can make it till you are partner at a Big 4 you will be making high six figures and up to 7 figures if you are a star in a large metropolitan area. Plus there's decent job security. With that said, not everyone is going to make partner. Even if you stay long enough. Some get stuck in the Director level and will never make it pass that.

    If you leave and go private you aren't guaranteed pay increases and most likely you'll be seeing a 2.5% to 3% increase in pay each year and you have less job security. And promotions don't come with tenure. Someone else has to leave for you to get promoted, plus you have to perform well and play the office politics game to get promoted. On the plus side, you can get a better work life balance.

    November 22, 2014 at 1:56 am #619668
    Anonymous
    Inactive

    Sorry about the title, was doing this on my phone and this thing has the weirdest autocorrect

    November 22, 2014 at 2:00 am #619669
    Anonymous
    Inactive

    In relation to the tasks, why would someone choose to make a career out of yay or nay at a small firm?

    For someone entrepreneurial, would public be better?

    November 22, 2014 at 2:12 am #619670
    Anonymous
    Inactive

    Not saying I actually believe its all yay or nay, but trying to get a picture of why.

    November 22, 2014 at 2:57 am #619671
    Anonymous
    Inactive

    Easy….for the big fat partner paycheck!!! Those guys make a lot of money, and while you can also leave for a high paying job even with just a few years in public, your chances of making the kind of money you would one day make as a partner are slim. It's a bit of a risk though…..once you hit the manager level you're looking at around 9+ years before being considered for partner, including the stress and long hours that come with it. On top of that you might not ever be selected as a partner. And once you've been a senior manager for a few years, it can actually be more difficult to find a big opportunity in private than, say, a second year manager because your salary is higher, and you really don't bring anything extra to the table than said 2nd year manager would.

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