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How do i see my utilization?
Does EY pay for the CFE exam and Review course?
Happy Ramadan to my Muslim peeps!
TWD episode though!?
Chief
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Rising Star
Your cop friend has way better benefits and gets paid overtime which could easily double their salary.
Your teacher friend doesn’t work for 4 months out for the year.
Your engineering friend probably works 9-5.
Your biology and chem friends are still in school.
Factor in all your unpaid overtime you’re going to be working and on an hourly basis you are the lowest paid..
Rising Star
Deliotte 8 you're telling me you wouldn't love two months of summer off?
Rising Star
I have to agree with you:
I'm not going to get killed while sitting at a desk auditing.
I don't have to deal with 15-25 kids all day.
Accounting was easier.
Science majors who don't go on to grad school are stuck in low paying research assistant type positions that pay 30-35K(I have a biology degree and experienced the jobs options). Those with advanced degrees often spend years working as post docs in another researcher's lab working PA hours but getting paid half as much.
Pro
Have to agree. I was a teacher before and its harder than my current job
Your pay is higher due to the labor disruptions over the past 2 years. If you started 2 yrs ago, your salary woulda been about 50k
Quite off. I startes 2 years ago at 58k inTexas. hcol should start at 70k easily.
Relative to the hours we work and the profit margins generated on our work, yea we are underpaid.
Rising Star
If it’s so easy go out on your own. Fact is that YOU aren’t worth what you are billed out at.
One of the biggest advantages of accounting is career trajectory, especially at B4
You can make senior manager in your early 30s if you start at a PA firm by just doing your job
How long does it take to reach a high position in your friends fields?
Lieutenant/Detective for your cop friend?
Principal/Superintendent for your teacher friend?
I totally agree with you, ‘coz it applies to me.
Actually, as an Accountant; you could do your main job and take care of other secondary engagements and subsidiaries (ie. manage your personal clients, run other small accounting,auditing, consultancy, managerial jobs that may present itself; if only you can see etc.)
In conclusion, whatever professional role you play in the society, at large, the trick is to play that role of yours, the best you can. Coz it is how serious you take your first hire or job, that determines and influences the other career opportunities that will present itself afterwards. One has to be particularly conscious with things like this, especially when it took a long time to get to where you are, currently. Eventually, we grow BETTER n BETTER.
Question is, how fast are you growing?
It's all relative. If you compare us to software engineers, doctors, big law lawyers, and consultants we make peanuts
Oh yeah, I work more, and it's also definitely more challenging. But I also make 3x what I used to. I billed closed to 2k hours my last two years in public, which has made the transition very easy compared to others.
I started at $68.6 in January and now $78.6… hopefully $95k next May as a senior then $120k after jump to FDD then $175k in IB. Inshallah habibi
I work in an area of accounting that allows me to see how much people in a lot of industries get paid including software developers, engineers, scientists etc. I see their years of experience, their job titles and their salaries.
Trust me when I say, accountants are not underpaid.
FYI my kids will be in Sales and nothing else.
That’s why you start them early!
Chief
I started at 57k.
TM1 we are comparable to law, CPAs that is.
I think for the amount of hours we work, tight deadlines we are under and the stress that comes along with all of this.. we are underpaid. If someone was in school right now I would not recommend them to be an accountant.
My two cents as someone 10+ years in - the underpaid perception in my experience mainly comes from people looking at peers from school that were able to get into high finance early and have done well for themselves. If I had a time machine, sure, maybe I would have pursued IB a little harder and gotten lucky and landed a mega fund PE role. But the reality is that there is an infinitely small number of those types of roles and comparison is the thief of joy.
Big picture - my TC is up 8x my starting salary out of school, I have meaningful ramp ahead of me, I work with people and clients that I like, I do work a lot but I also have a lot of flexibility in when and how I get my work done. Life could be a lot worse
I think people have the tendency to compare up, not down. Accountants in PA complain because we work crazy hours during busy seasons and get paid significantly less than doctors, lawyers, software engineers, consultants, financial analysts, etc. etc.
It’s all about who you surround yourself by; my network pushed me to pursue my value and when you start to do that you will see how much you can really make.
OP, are you part of YMCA?
It’s perspective, my friends circle make multiple 7 figures in a year
4 years experience and a Master's degree and I can't break the $70k threshold.
What the hell am I doing wrong over here!?
If your looking to go midsize, lmk and I can send a referral for BDO 😊
I know accountants make less than high finance and high tech but outside that don’t we do pretty well?
So now we’re comparing a job that we planned for from when we were juniors in college to what amounts to a lottery ticket?? Could also get the ugly duckling startup that crashes and burns and leaves you with nothing but your pecker in your hands. Goes both ways.
OP let me know if you need a referral to our public schools for a teaching career.
We are all underpaid :)
What service line?
Could be assurance at EY and make 56k…
but it's the brand right?! lol.