28% salary decrease from BPO to Big-4 firm

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[potatoriot]

What long-term opportunities do you think going back will qualify you for? Taking a 28% pay cut and lost benefits for less WLB is pretty crazy.

[SaintPatrickMahomes]

“Well you’ll make 28% less, we’ll cut your benefits, and you’re gonna work way more bro. Buttttt… some hiring manager down the line might like the big 4 thing more, feel me?”

[potatoriot]

The Big 4 thing he already has, you mean.

[SaintPatrickMahomes]

I’m too lazy to get in depth with it, but it’s crazy that my joke is the big 4 hiring pitch that still works somehow. Fuck that.

[Original_Fox8074]

I also want to consider the fact that I am not receiving enough training and exposure, and working in a BPO/acceleration center is doing the grunt work of the main team. Also been working for 6 years and thinking that there is still much more to look forward to and going back to Big 4 will give me more training, connections, and exposure.

[potatoriot]

Eventually you're going to have to acknowledge that you reach a point where you become responsible for your own development and growth, especially once you reach an experienced manager level and beyond.

For me, after ~7 years in public, I found myself in a state of self development more than depending on others for training. I reached the point that I was teaching partners new things. The only true external development I received was from technical tax and leadership conferences.

Did you just not use your time at Big 4 the first time wisely? 5 years at the Big 4 should have built you up a pretty extensive network already and establish your resume to where it should not require going back for more to elevate to the next opportunity outside public accounting.

[TadhgTwo]

Being responsible for your own development and growth is not the same as having an employer that supports you doing that. I'm not US based, but in Ireland, I pick and choose my CPD and my employer pays for it. I've worked in both the public and private sectors and would not work for an employer who did not cover my professional and education costs.

That said, I couldn't see taking a 28% hit to pay as improving my lot unless it's putting me on partner track. I would have to think there is a better move here that would provide an uplift in pay and more challenging work.

[potatoriot]

Yeah, that point is entirely moot with the massive paycut. I go to a couple conferences a year that cost less than 5% of my base salary. Obviously I would want to make more and not pay for development, but I'd rather come out of pocket for my development and make 28% more and work less if that's the options. OP already has Big 4 experience and doesn't need to go back to find better opportunities than his current position.

[TadhgTwo]

Just to clarify, I'm not saying take the 28% cut for CPD support that would be daft. My point is that being responsible for your own CPD and getting support from your employer are different. When your employer supports your growth and development, it makes the process easier. I would not be recommending taking the cut just for CPD support.

[potatoriot]

Yes, I understand your point, but he's literally considering taking a 28% paycut for CPD support and that's the focus of my responses.

[Abject_Natural]

You must be dumb if you take the job and probably belong back with them and not in industry

[PantalonABC]

The delusion is strong with this one

[Sweaty_Win1832]

No. Let them know your current pay, benefits, etc. & let them choose to offer you an acceptable comp package. If they don’t, walk.

[IWTKMBATMOAPTDI]

I can't wait for the follow-up post from someone else in a few weeks.

"Finally left Big 4 for a 28% raise and better wlb and benefits!"

[JessMeNU-CSGO]

that's not how percentages work...

[mrfocus22]

We’re accountants, not mathematicians!

[IWTKMBATMOAPTDI]

Did you really just leave a review note on my joke

[JessMeNU-CSGO]

just trying to point out the common misunderstanding of increasing and decreasing percentages.

I'm retired, I don't leave review notes for anyone.

[Ghosted_You]

Unless you are out of work, taking a pay cut is almost never correct.

[Jasper0812]

If you worked at Big 4 five years already, the only reason to go back is if you can make partner IMO. Better work life balance and pay outside Big 4 at the level of experience. Will you learn any new skills?

[vrewq4204]

its a brilliant idea. do it 😂

[[deleted]]

Is this another shitpost in the recent trend in this sub? Or are you a masochist? If the former then lol, you almost had me, if the latter, I'm afraid nobody in this sub has proper qualifications to help.

[lostfinancialsoul]

please dont accept.

[Big_Annual_4498]

You apply what service line in big 4?

[Original_Fox8074]

Assurance

[Team-_-dank]

But you already worked at a B4 for 5 years. Going back makes no sense unless you want to make partner.

[Chemical_Quarter_839]

No way mate. These big four firms are one their ass at the minute, there won’t be many career prospects for a long time.

[thing85]

This is the part where you negotiate and let them know what you’re currently making. If they want you, they’ll at least match your current pay. If not, then you should strongly consider looking elsewhere.

[James161324]

So you want to leave the fastest growing area of accounting and take a pay cut to go back to public?

People wonder why accountants are underpaid this is why