Career Move Insight Needed
I’m currently employed as a financial accountant at an ASX-listed company with $2 billion in revenue. This is my first position outside of the Big 4, and I’ve faced some challenges, particularly with my manager, though I have received positive feedback from the financial controller.
I’ve been offered a group Accounting role at a smaller private equity-backed company that includes a mix of financial and group Accounting responsibilities. This new position represents a significant increase in both salary and scope of work, although the company has a smaller revenue of $250 million.
Given that I’ve only been in my current role for 9 months after spending 4 years in Big 4 Audit, would it be unwise to make this move? I would appreciate any advice!
One response
Deciding whether to move to a new role can be tricky, especially considering your relatively short tenure at your current position. Here are some factors to consider in making your decision:
Career Growth and Responsibilities: The new role offers you an opportunity to take on more responsibilities, which can enhance your skill set and make you more marketable in the long run. Consider whether those responsibilities align with your long-term career goals.
Company Culture and Management: Since you’re not getting along with your current manager, moving to a company where the culture might be a better fit could significantly contribute to your job satisfaction and performance. A supportive environment can make a big difference in your career development.
Financial Compensation: A significant pay increase is a compelling reason to consider the move, especially if it aligns with your financial goals. However, think long-term—will this new compensation package provide you with better financial stability or opportunities?
Experience with Different Company Sizes: Transitioning from a large ASX company to a smaller PE-backed firm could provide diverse experiences. Smaller companies often allow for broader roles where you can gain valuable insights into different aspects of the business.
Networking Opportunities: Working at a smaller company might offer you networking opportunities with private equity professionals and different industries, which could be beneficial for your future career.
Perceived Job Hopping: While moving after only 9 months might raise eyebrows, if you frame it positively (e.g., as a strategic career move), it can be justified. Ensure you focus on the skills you will gain and the reasons for the move when discussing it with future employers.
Ultimately, weigh the pros and cons and how they align with your long-term career objectives. If the new opportunity excites you and aligns with your goals, it may be worth making the jump. Good luck!