Small, medium or large – what will you go for?
Looking for a new job? There are a few things you will need to consider if you hope to find a position that ticks all the right boxes in regard to salary, job roles and responsibilities, location and career opportunities. Ultimately, these factors will be dictated by the size of the firm, as there are key differences between choosing to work for a small, medium or large firm. To help with your search, here are the advantages and disadvantages that you should give thought to when weighing up your options…
In a smaller practice there is generally more freedom and a greater degree of autonomy than there is working for a larger firm, which helps to create a relaxed and productive work environment for all members of the team. Communication with management and the business owner tends to be more direct and frequent as well, which is ideal if you’re looking for a position with guidance.
The downside, of course, is that there’s limited progression and the salary is lower than average. Where these two aspects aren’t an issue you may well find that a smaller firm is most appropriate for your needs, but if you have ambitions to climb the career ladder then a smaller firm will likely be nothing more than a foothold in which to gain experience.
Depending on the firm, working for a medium practice can help in gaining exposure to bigger and more interesting cases involving tax, accounts and audits, as well as give you the opportunity to manage your own portfolio of clients. Naturally, with greater duties and responsibility comes a better salary and the chance to obtain new skills and qualifications.
On the flip side, you may not get the benefits associated with working for a large firm or corporate, such as a sizeable pension, gym membership, death in service insurance and private health cover, so you will need to decide where a benefits package ranks on your priority list.
For many, working for a distinguished firm or successful corporate is a dream come true. Besides excellent money, a respected title and an unrivalled benefits package, belonging to a company that is considered to be at the top of the game can be extremely advantageous to your CV and future employment.
Like any job, however, there are drawbacks, including limited exposure within one department and less direct contact with the business owner and senior management. Red tape can also be a problem, but unfortunately this is part and parcel of working for a large firm.
With so much to consider it can help to get a second opinion from a specialist with a deep-rooted understanding of the accountancy industry and recruitment market. At Accountancy Elite, we use both our knowledge of the sector and extensive network of contacts to ensure that our candidates find a role that takes all of their professional and personal needs into account. There will always be disparity in the business, but with the right help you can rest assured that you’re making the right career move.