On the topic of leaving, what are some of the best offers you've heard colleagues take elsewhere when they left at the Sr. Associate level. (based on salary and work/life- assuming the Sr. was making around 70k) I'm curious what kind of "jumps" are possible?
Good question. most senior associates who leave get a pretty significant raise..between 15-30%, plus bonuses. Most go to senior accountant, manager or assistant controller. Sure, the firms make sure everyone knows that these new salaries will stay the same for atleast 2-3 years. But by the time we get to a 20-30% increase if we stay at our firms, it'll take 2-3 years anyway. The alums could have already moved on by then. Spoke to one friend who recently got a 30% bump, including the yearly bonus.
More importantly, 8 out of 10 people who leave/got laid off have said/will say that it was the best thing that happened to them, because they are significantly happier. I mean, their smiles are plastered to their faces. Some go out of their way to tell you how much they love their job and pay. Jobs with similar pay increases are out there, trust me. As much as the economy's still spluttering, companies do need accountants. If you look, you'll find it. Unless you're real picky, then it might take time.
Good question. most senior associates who leave get a pretty significant raise..between 15-30%, plus bonuses. Most go to senior accountant, manager or assistant controller. Sure, the firms make sure everyone knows that these new salaries will stay the same for atleast 2-3 years. But by the time we get to a 20-30% increase if we stay at our firms, it'll take 2-3 years anyway. The alums could have already moved on by then. Spoke to one friend who recently got a 30% bump, including the yearly bonus.
More importantly, 8 out of 10 people who leave/got laid off have said/will say that it was the best thing that happened to them, because they are significantly happier. I mean, their smiles are plastered to their faces. Some go out of their way to tell you how much they love their job and pay. Jobs with similar pay increases are out there, trust me. As much as the economy's still spluttering, companies do need accountants. If you look, you'll find it. Unless you're real picky, then it might take time.
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I work at a big 4 firm and we are having pay freeze this year ( and possibly next year) except for those one who got promoted. However, the pay raise for the promotees are just about 5% this year.
It's been great,
but I'm leaving too late.
Peace!
www.auditorcrossing.com
Just trying to think how to tell the partners. They keep telling that I'm not allowed to go.