Accountants worry about the diminishing path to partnership
10 posts in the last 60 days, all from r/Accounting.
“Why do big firms poach other partners from different firms instead of promoting their principals. Same goes with Senior managers etc….”
“Even if chasing partner, I have spoken with many content and well-off partners at mid-sized firms, some of whom started as an associate at that very firm. Love the chihuahua dream. [re: is big 4 even worth chasing anymore?]”
“Can someone explain to me the process? I see MDs at Big 4 go to smaller firms to become Partners. What is the process like?”
Multiple accountants express concern that the traditional route to becoming a partner in accounting firms is disappearing. They discuss candid conversations and question the opportunities available for advancement within these organizations.
SOURCES (11)
“Even if chasing partner, I have spoken with many content and well-off partners at mid-sized firms, some of whom started as an associate at that very firm. Love the chihuahua dream. [re: is big 4 even worth chasing anymore?]”
“Can someone explain to me the process? I see MDs at Big 4 go to smaller firms to become Partners. What is the process like? submitted by /u/Stock-Vegetable7572 [link] [comments]”
“This sub is funny. The people who move up the fastest especially in public get shit done period. A good firm will always fight for their most profitable and productive accountants. Thinking the people who get shit done don’t get any reward is just stupid. It’s just Reddit being Reddit. It’s not always the truth but it is more likely than not. [re: In your experience, do people who say yes to every request and work more than everyone else get rewarded?]”
Pretty normal at smaller firms. [re: Partner doesn’t do any audit work?]
“Why do big firms poach other partners from different firms instead of promoting their principals. Same goes with Senior managers etc…. submitted by /u/Cool_Paramedic_9068 [link] [comments]”
“I’m just curious since a lot are being promoted or being poached from one firm to another. submitted by /u/EntranceFun9276 [link] [comments]”
“probably something in finance or tech but if you're on the accounting sub you already know the real answer is the partner track at a big firm”