Wasn’t promoted to senior – struggling to see a path forward in this field.

Navigating Career Setbacks: Finding Your Path in the Audit Profession

In the ever-evolving landscape of auditing and public Accounting, facing setbacks can be disheartening, especially when it comes to promotions. This is the reality for many professionals keen on advancing their careers, particularly in competitive environments such as top-tier firms.

Recently, I experienced an important career moment when I was not promoted to a senior position this year. While I understand the decision — my peers appear to have a more robust grasp of their responsibilities — it nonetheless prompted deep reflection on my career trajectory.

The Audit profession is known for its demanding nature, and I find myself constantly challenged by both the workload and the expectations. Despite my commitment, often clocking in over ten hours a day, I struggle to keep pace. This imbalance results in extended hours without a corresponding drop in workload, leading to frustration and burnout. Earning approximately $70,000 while working 50+ hours a week raises questions about value and personal fulfillment.

Moreover, I’ve noticed a trend where firms are tightening their belts regarding promotions and hiring, a common theme across the industry today. Coupled with a less-than-ideal job market for internal auditing roles, it raises additional concerns about my future prospects. While I possess my CPA, my experience — particularly with public companies — is lacking, making me a less attractive candidate for potential job opportunities.

This brings me to a crossroad: Should I persevere in my current role for another year or two, hoping for an eventual breakthrough, or is it time to pivot and seek new avenues?

Deciding whether to stay or transition can be daunting. It’s essential to weigh the pros and cons of your current position against the potential turbulence of starting anew. Consider the following strategies to help clarify your decision:

1. Assess Your Skill Set: Identify areas where you can improve or seek mentorship that could enhance your competencies.

2. Explore Networking Opportunities: Connecting with professionals in your desired field can provide insights and possibly open doors that you hadn’t previously considered.

3. Seek Temporary Assignments: Volunteering for projects or roles that expose you to public companies can boost your experience and confidence.

4. Prioritize Well-Being: Engage in activities that relieve stress and promote mental clarity. Taking care of your mental health can significantly impact your professional performance.

5. Create a Game Plan: If you choose to stay, outline specific, achievable goals for your