r/UKJobs • u/ilovelatte • 16m left
Moving from Big 4 to industry – salary negotiation tips
Hi everyone,
Looking for some impartial advice, particularly from people who have moved from the Big 4 into industry or have experience negotiating salaries at Senior Manager level.
I’m currently working at a Big 4 firm and have recently received an offer for a Senior Manager role in industry.
The initial offer was £89k base salary, which I felt was a little lower than I was expecting, so I went back to negotiate.
Following internal discussions, they’ve now come back with a revised offer along the following lines:
Base salary: £94k (revised from £89k)
Car allowance: £6.5k per annum
Bonus: 10% (discretionary)
Pension: upto 8% match
The revised offer is obviously a positive step, and I appreciate that they’ve moved by £5k. However, I’m trying to establish whether the overall package is competitive for someone moving from the Big 4 into a Senior Manager role in industry, taking into account qualifications, experience and responsibilities.
Ideally, I’d like to get the base salary to around £100k (which is below industry average of £105k). I’m not necessarily expecting a huge increase, but I feel that getting the base to six figures would make the move more attractive, particularly when considering long-term salary progression and the potential impact on future earnings.
The main thing I’m unsure about is how to approach the negotiation from here.
I’ve only gone back to negotiate once, asking them to reconsider the original £89k offer. They’ve now increased it to £94k. During a subsequent phone call, HR explained that they had spoken to the hiring manager and that £94k was their final offer, with no further room for negotiation.
I’m conscious that they’ve already made an effort to improve the package, and I don’t want to come across as unreasonable or risk jeopardising the opportunity. Equally, I’ve only negotiated once, so I’m wondering whether making one final attempt to get closer to £100k would be reasonable or whether I should respect their position and accept that they’ve reached their limit. Because if they have surely the HR would’ve put that in writing right?
I’m not sure whether there could still be any flexibility, or whether going back a second time after being told it’s the final offer would leave a bad impression.
I’d really appreciate advice on the following:
1) Is £94k base salary competitive? For a Senior Manager moving from the Big 4 into industry, does this sound like a reasonable offer, particularly when the car allowance, bonus and pension are taken into account?
2) Would you negotiate again? Given they’ve already increased the offer £94k and HR has explicitly said it’s final, would you make one last attempt to secure £100k, or would you accept the revised offer?
3) Am I taking the piss by asking again? I’ve only negotiated once so far, and I’m not asking for a massive increase. Would a second attempt be considered normal negotiation, or could it come across as being difficult or greedy after they’ve already moved? Do I risk having the offer pulled away?
4) How firm is a final offer usually? If HR has spoken to the hiring manager and confirmed that £94k is the final figure verbally but in the email doesn’t explicitly say this, should I take that at face value? Has anyone successfully negotiated further after being told an offer was final?
5) What alternatives could I negotiate? If they genuinely cannot increase the base salary, would it be reasonable to ask for a sign-on bonus or a formal salary review after six months? Or would you leave it alone at this stage?
6) For those who’ve moved from Big 4 to industry, how did you find the transition in terms of overall compensation, working hours, career progression and work-life balance? Was the move financially worthwhile in the long run?
I’m keen to make the move for the right reasons and not focus solely on salary. The role and the opportunity are attractive, and I appreciate that the company has already improved its offer. However, I also want to make sure I’m making a sensible career and financial decision.
Would you push once more for £100k, or accept £94k and move on? I’d appreciate honest opinions, especially from anyone who has been in a similar position.
Thanks in advance!