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?