Can you become rich working in accounting advisory at a MM firm?

likesmartfunny
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Depends on what your definition of rich is. For most people a few hundred thousand a year is very rich.

likesmart

Learning how to invest is how you get rich nobody gets rich off their salary just ask Warren Buffett

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This is only partially true. Investing knowledge and consistently putting money into the market *should,* in the long-run m, payoff. But you need to make good money to be rich.

You can be the best investor in the world, but you’ll never be rich (depending on your definition) if you’re making $60k a year.

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my friends that work at KPMG all took a trip to an all expense paid great wolf den lodge trip while making bank working on super cool audits like owens corning meanwhile i can’t afford it so i’m going to play 30 vs 30 soccer with the latino futbol club before eating tacos and watching the game on a 12 inch black and white staticky antenna tv. god i wish i could ride that wolf rider wipeout. freaking mm baker tilly man. life must be good at the top.

funny

is this satire

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No

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Still pretty vague since that number is different for everyone depending on their lifestyle.

Rich is a relative term. If youre a partner in AAS in Celeveland you’re rich. If you’re in LA then you’re not rich. If you want to be materially well off as an accountant you need to go to a high paying service in a lower cost of living market.

smart

Yes, top 5% income in the USA is like about ~$185k individually

Assuming you started working there out of college, you can be a top 5%er by your early 30s

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While $185K is pretty decent pay in most parts of the county I don’t think most people would consider that “rich.” That’s like the edge between middle and upper middle class

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Make partner and become a rain maker for the firm, then sure. Can probably pull home close to 1m a year.

Maybe if it’s A&M. Otherwise probably not

What is an MM firm?

Middle market. The definition are vague. Typically it goes Big 4 -> National (e.g., BDO, RSM, etc.) -> Middle Market. MM isn't well defined. It could be Top 15 firms? Or maybe something around that? After that you're into Regional firms. That's how I view it at least.

If you bring in business you can get rich at any size firm. Not easy though.

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