Skip to main content

best time to leave

You mentioned that Sr. Mgs. can't get a Controller gig due to lack of private experience. If that's the case, when's the best time to get out? Manager? Senior III?

It really depends on what you want to do after you leave. If you want to switch career paths, leave now. If you want a 9-5 lifestyle as a senior accountant, so you can leave at a normal time and enjoy life, with the work not as challenging, leave after 2-3 years. If you want a senior revenue accountant position or something more specific that pays well, is mostly 8:30-6 but during monthly and quarterly closes, wouldn't mind working till 8 pm or so, leave after 4 years. If you want an assistant controller position, a revenue manager position or an SEC reporting manager position, leave after your manager 1 year. If you want a director of technical research position or a controller position (both of which aren't readily available), leave as a manager 3 or as a senior manager.


Comments

Anonymous said…
I'm going to be an undergraduate senior with an accounting minor at UCSD this coming fall. What's your advice to getting ahead of my peers prior to fall recruitment? I've been emailing recruiters and trying to reach out to the audit staff but getting their actual contact info is difficult.
Anonymous said…
For audit associates, they're going to look very heavily on your GPA and your coursework, because that's what's required for the CPA examination. I don't know what the requirements are to sit for an exam in California but you should definitely start thinking about studying for the CPA exam. That'll really set you apart from your peers.
Anonymous said…
To OP, at least for the bigger firms, you've probably already missed recruiting. As far as the Big 4 go, they recruit a year beforehand. But see about joining campus accounting organizations or go through your career center to see if there are any events prior you can attend. Also, join your local CPA society if you have one. Basically, since your a bit behind the 8 ball, you need to do everything.
Anonymous said…
....On the subject of leaving....when is the best time to ask for a transfer?

I have yet to start my big 4 job but it has come to my attention that I would not like to stay in the area where I received my degree (and recruited) due to the high cost of living and zero family.
Is it frowned upon or presumptuous to ask for a transfer in your first year or is it better to wait until you are a senior? What is proper etiquette in this situation? I would not like to appear to the recruiters to be wishy-washy or ungrateful for the local offer, but I honestly cannot afford to live here long term.

Also, what are your thoughts on transferring from a large office and a large market to a small office and smaller market? Any benefits or drawbacks? Thanks in advance!
Dwyer said…
Have a look at some of things Big4Gossip have suggested:

http://www.big4gossip.com/articles/blog-articles/179-jobs-a-careers/182-is-this-the-right-time-to-leave-the-big-4-for-a-bank

http://big4gossip.com/qualified-jobs/career/53-career-guides/179-staying-at-the-big-4

http://big4gossip.com/articles/blog-articles/178-big-4-firms/223-ey-leavers-on-why-they-left

Popular posts from this blog

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run?

Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit.
In the long run though, choosing audit vs consulting really depends on what you want t…

should you choose to audit financial services?

I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years?
Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard …

Should I leave after 2 years as senior?

I'm currently working in KPMG Philippines, will about to start my fourth busy season and it'll be my second year as a supervisor/senior. I would like to know if it'll be a good idea to go work for a private company by this time. My only concern is that work outside audit may not be as enjoyable for me. However, I am starting to get tired of too much workload. 

At this point, stay until you get a year as manager under your belt and then leave. You could leave now and start as a senior accountant somewhere only if it's not a regular operational job where you'll do the same thing every time. Over the next few years, you'll pick up a lot of soft skills and technical skills that will be critical to your growth. If your only goal is a 9-5 workday and the money isn't all that important to you, then leave now, but if you can tolerate the workload for 3 more years, stay. It'll benefit you a lot long term.