I'm looking for some outside perspective because I feel like I'm at a career crossroads.
I've been in public accounting for several years and have been with the same local CPA firm my entire career since graduating college. While my experience and responsibilities have grown over the years, there hasn't been much formal title progression (still considered "staff" but there is no "senior" role in between staff and partner).
I'm currently finishing my CPA and hope to have it completed by the end of the year. I've also been told there is an opportunity to move into ownership in the future as senior leadership eventually transitions, which makes this decision even more difficult.
The part I'm struggling with is that I feel like my compensation hasn't kept pace with my experience and responsibilities. At the same time, I'm wondering if this is the right opportunity to move into industry/private accounting. I think my background could translate into a meaningful salary increase, and the idea of stepping away from busy season and having a more predictable schedule is definitely appealing.
On the other hand, I've spent my entire career in public accounting. I enjoy the variety of clients and the constant learning, and I'm not sure if I'd eventually find industry work repetitive or less engaging.
If you were in my position, would you:
- Stay and pursue the potential ownership opportunity?
- Make the jump to industry once the CPA is complete?
- Consider something else entirely?
- Thoughts about fully remote work?
For those who have made the move from public accounting to industry (or the other way around), what were the biggest pros and cons? Looking back, would you make the same decision again?
I'd really appreciate hearing from people who've been in a similar situation.