DEAR ABBY: When is the best time to exit public accounting (audit track)?? Prospex Recruiting is here to offer expert guidance to help you tackle this challenging question with confidence.
I get asked this almost on a weekly basis – when should I leave public accounting?? My answer to this – as it is to a lot is… It Depends.
The 3-6 Year Mark: Prime Opportunity for Career Growth
If you want to go the public accounting -> assistant controller -> controller route, the most opportune time is the 3-6 year mark. You’ve had enough time to see more than just Cash, had the chance to senior/manage some jobs, and have good exposure and technical foundation. Usually, you can maximize your base upon exit at this time.
Technical Accounting Route: A Longer Tenure Pays Off
If you want to go more the technical accounting route (revenue, technical accounting, financial reporting), you can still do the 3-6 mark, but more experience in public is beneficial to really have a strong technical foundation. The best time is more in the 6-9 year mark (give or take). This tenure can even exit to a Controller level too.
Exiting After 11+ Years: Alternative Paths Still Abound
If you’ve started on the partner track and after 11+ years decide that’s not right for you, there are still ample opportunities! I’ve placed many of these professionals in director roles, technical accounting roles, pre/post IPO roles, etc.
Share Your Experience
What have you seen as you’ve made your move?? I’d love to talk through any of these points more in-depth and would love to hear your experience!! Reach out to me or any of our Prospex Recruiting team!
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