Additional Posts in Accounting
I left EY and couldn’t be happier
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Has anyone gone for the CTFA?
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B4 manager in Canada starts around 80-90k CAD (57-64k USD). The cost of living in Vancouver/Toronto aren’t cheap, plus ridiculous tax rates. Sometimes I wonder if healthcare is actually worth that much, especially when they make you wait in the emergency room for 8 hours on a high fever.
Had cancer last year- 5 different surgeries, chemo, radiation, CT scans, MRIs, etc. Had 3 oncologists plus a general surgeon for putting my port in as well as a 2nd opinion from a well-known hospital. Costs to insurance company over 250k and I think I was out of pocket 7-8k with the copays and deductibles. Never had to wait long for anything - got in to see medical oncologist within a week, scheduled visit with surgeon and had port put in for chemo within another week, all by excellent docs and hospitals. No complications from infection or anything. 2nd opinion doc, who did remote consult from. A well-known hospital said I had received excellent care. Aetna covered everything with no push back and assigned a specific nurse to call me regularly to check on me. No complaints at all re my care - if you have good insurance, US healthcare is awesome. Need to find a way to provide catastrophic insurance to those who are otherwise uninsured without messing up the excellent care those with good employer insurance receive. I am so thankful for the access we have to excellent docs and beautiful state of the art hospitals with the latest treatments. We can’t mess that up. Let’s improve the poor’s care without screwing up care for the rest of us. I am ok with paying more for the best care- we aren’t talking about a service where the cheapest bidder should win. Nothing is more important than my health and so I want the best and brightest treating me, not some overworked doc getting paid bargain basement prices to keep costs down or a bureaucrat delaying care to manage cost.
Same thing with a parent years ago. On Medicare with a supplement and got cancer. Care excellent and got 2nd opinion at MD Anderson- no change to treatment protocols.
I went back to school for accounting after working a few years. Public accounting was very demotivating and uninspiring. Only the partners seemed to care about being there and they weren’t there very often. I worked one year in public and then leveraged my previous experience and new skills for a supervisor position in industry.
Best decision I ever made! Having B4 on your resume will take you to the next step. The next step is NOT the last step. You have many working years ahead of you. Take time to assess your options. Spend sometime working as a senior and then bounce!
I always regret that I didn’t have a trust fund, that would really be my dream job.
I have to support my parents so... not fun times
At Deloitte??! That little?
The "eh" was a give away for Canada.
If you've been in public long enough and you DON'T regret your choice, something is wrong
😭
Trade options
Haha, what’s your experience with this
Moved from Toronto to New York. COL is cheaper in NY lol
@senior associate 2, WOW! 😳
Sadly I’m not surprised. I remember Deloitte starting some full time hires at 38,000 CAD salary when I worked there. (Not GTA but not exactly a cheap city either.)
Fear of the unknown. It was my first real job out of university and I’m still here. Grew to like the flexibility, decent number of days off, benefits, and knowing which partners to work for. Switched firms though. Would suggest you consider jumping firms once the job market picks up again if you want to stay in PA - there’s usually a pay bump for an outside hire even if lateral move. Industry should also pay better too if you want out.
What does "the equivalent of" mean?
Probably currency translation
I started at 32 CAD first year inter. 35 first year full time. That was 10 years ago. Now last year my T4 was 190. Some time just get your head down and work. Talking about regret maybe in 5 years. Not just 2 years after you just started your career.
I think it’s hard to get the head down if it takes, on average, 10 years for our profession to get there while your friends in finance gets 200-250K three years out of school
Are you in the US?
That was on purpose 😉
I got laid off by Deloitte a few yrs ago & landed on a better job a few months later. Truly a blessing... but very stressful to find a new job that time with the low confidence. Thanks Deloitte.
Canadian accounting salaries are truly trash. I’ve got a masters degree, CPA, CIA and based on the current CAD to USD exchange rate make the equivalent of $46k USD (almost 5 years in at a big 4 with highest rating every year)... fml 😂
The only good part is that we graduate with a hell of a lot less student debt... and we get to live in Canada. I guess the job market places a premium on that fact.
What role at deloitte? And what country?
This has to be Europe
I sometimes wish I would’ve gone private instead. I live in the NY metro area, I know fund accountants who make 20-30% more than me even as a 3rd year