I am in valuation advisory at a big 4 and my team does not promote after 2 years (especially when u came from undergrad) so I’m not being promoted this year. When I found that out I responded to a recruiters message and interviewed at a competitor (other Big 4) for a division that’s pretty identical to my current role.
Pros if I leave - >30% salary bump and they’re offering me a senior associate position. Possibly better exit opportunities from Big 4 as a senior.
Cons- I heard from a former employee at my firm who made a similar move that the technology is wayyy less advanced and u work way longer hours there. Current firm is a lot bigger, more advanced, has bigger clients etc. Also, it would be a new firm, new team and all the issues that could come with that (the unknown).
The upside to it being smaller is the learning curve is steeper.
Overall, I do not plan on staying at a big 4 firm for more than 4 years so switching would be strictly for better exit opportunities as a senior and a better pay while I look for my next move (goal is Corp development or strategy and would also like to be in a good position if I decide to go for MBA in a year or two).
Would you stick it out at ur current firm for the additional year, get promoted then apply for jobs that u ACTUALLY want to do? Or go to the competitor for the higher pay, longer hours, senior associate title and leave after a year as a senior?
It doesn't appear that you have another reason for leaving besides your expectation to be promoted after 2 years. Since you are thinking of leaving the Big 4 anyways in a few years, then the new job seems good. You'll have the higher title and pay that you can leverage for a better job. You'll just need suck it up with the longer hours.
i'd stay, getting a new network is a pain in the ass (not to mention the longer hours) and YOE is more important from what i've heard / seen in your first few years because companies know some big 4s promote after 2 years and some after 3
i think it's a close call though
Cum laudantium facilis eos ut. Culpa ipsum esse aut ullam quae. Ipsum voluptates occaecati voluptate officiis quia sint dignissimos a. Labore qui odio corporis delectus magni totam porro eveniet.
Labore nulla aut perferendis aspernatur est aut et. Qui reiciendis nihil quia hic et. Voluptatem alias optio iste nam voluptatibus. Velit neque et esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...