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Good bar spots around 345 park (KPMG) lol
How much did you study to pass the CISA? CISSP?
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I put in 5 years of non stop work in public. Then, was able to switch to a good industry tax job. Because my employer liked me and I could do a lot of work quickly, I was able to go part time and work from home while I had my children. Now I'm full time and making great money, and building wealth for my family. My husband doesn't have a high paying job, so the fact I've made this kind of money from home has been such a blessing. You just need to decide how long is long enough if you want out of public.
I am in the tax department of a large NFP in my state. But the main thing is that you work hard and make sure your employer will want to keep you know matter what. Then in the end you have more leeway.
Sounds like you’re burnt out on public accounting. Public doesn’t represent all of accounting and the big 4 doesn’t represent every public firm. It seems like you’re painting with broad strokes based on your experience in public at a big 4. If accounting isn’t for you, that’s fine you can do something else. I did 9 years in public before quitting. It’s definitely an industry that needs a change. I know work in an internal role at a smaller firm still in accounting but with different job duties and I enjoy it. I make a good salary and have reasonable hours.
I hate my corporate life but i use it to make $$$ to fund my creative endeavours. If i ever make it ill quit my job.
If you hate it that much, you should def consider leaving. I did it for 4 years. Hated it. Was pretty decent at it but only because I really care about what my name is attached to and worked really hard. I didn’t care about the work itself or enjoy it in the slightest. Had one really amazing manager that prevented me from leaving even earlier cuz he fought for me to be on his teams and actually appreciated the effort and was a great leader but half the year I was constantly forced back to a horrible team (also had some absolutely horrendous managers). But the job and misery was taking wild toll on my personal life / mental health. Coping with the hours and stress in negative ways. And wasn’t making good money either. Friends who didn’t go to college making more $.
I did a total 180 career pivot and couldn’t be happier. It was the best choice I’ve ever made aside from pursuing my wife (who was very supportive of me changing careers).
I recognize the job is great for some, and although I think there are some serious issues with the way the industry operates, ultimately I chose to go into it and was dead wrong. Had a scholarship to college, went into business school, ended up somewhat aimlessly choosing accounting as a major due to the safety and stability and on the advice of a professor who told me it’s the best choice to be able to pivot into other careers. My current career has absolutely nothing to do with accounting whatsoever and is actually construction related. But I’m making way more $ than I would be had I stayed and the only way I’d make more money in accounting would have been to make partner.
Done rambling… but just wanna let ya know it’s possible. I thought I would be throwing my life away to quit PA after getting a degree and putting in 4 years of grueling hours… but as soon as I was gone I didn’t care about the sunk cost
Elevator Constructor
Definitely not for everyone but for me it was def the right move. It’s hard work in a very different way. And income is definitely tied to hours. But I guess after doing 90 hour weeks in public accounting busy season it was easy to do 60-80 hour weeks knowing I was getting OT for it.
Agreed. It’s a good opportunity for some people but if you’re smart and hardworking there are fields with way more opportunities
Law is like a last resort but usually bad ROI and was just an example since u mentioned possibilities. Less up or out tbh than consulting and banking and actually much easier to coast for years if u put effort in. Most of my social network is in big tech and the average pay compared to accountants (most of whom never make partner) is like night and day. Most of my friends there are making same/more than SMs and directors with just a few years of experience and no they’re not all geniuses. Most of them have never worked more than 50 hrs/week, though the effort is a lot more concentrated, much better benefits, etc. And there are definitely mid-career professionals there making over a million. There are way more people in tech making good money than in accounting, full stop, and they’re paid well the entire time they’re there. Im not even in tech and I still have former classmates who were lucky enough to have joined early somewhere or had company stock do exceptionally well and accidentally ended up with millions in their 20s from good timing. This is pretty rare but more commonly a lot of people in tech are chilling or FIREd by the time the <1% of accountants even touch partnership. The partner on my engagement is sending emails at all hours of the day, comes into the office almost every day, and still appears to work at least 60 hours of the week lmao. Ask anyone if they would rather work in tech or grind with guaranteed partnership in accounting…there’s a reason CS is the most popular major
Here are some points I can share with you based on my experience:
1. Stay out of Pubic accounting, even small companies will suck the life out of you.
2. Mid-size companies (even small ones) are the best to work for, less hours, less stress and most important, they pay the same or even more than big ones, including the big 4.
3. Don't let bad experiences ruin your career, if you are not happy in your company, just quit, no company or salary or position is worth your peace of mind. The good news, there is a lot of opportunity out there, a lot.
As a former big 4 and large corporations employee, Im so happy I walked away from them, I work now for a Mid-size company, work no more than 35 hrs a week, summer Fridays year round, no stress, and earn more money than I ever earned in any other company I worked for.
Most of the time is just about to find the right company and the right people, start looking and I'm sure you will find it as I did, good luck.
Accounting is a great degree to have in terms
of employment/marketability. It sounds like you’re burnt out of working at a B4 firm in KPMG which is understandable. Maybe think about going into industry
I worked in public for 2 years, got burned out by the travel. Switched to industry and have never looked back!
I put in long hours in public accounting but switched to private and work a normal schedule and love it so much more
Move into contract work, it’s higher pay, you work 9-5 and if you go over you can ask for overtime or leave it to the following day. You can choose 3-6 month contracts then take a break. It’s a life changer , life really is too short to be tolerating high stress in a job
I would like to get into contract work. i like the idea of having flexibility. I’m nervous about health insurance and other things. Any advice on how to get started? And how you transition life from a W2 to 1099.
Why did you major in accounting? And what do you wish you majored in? I worked in public (big 4 and non-big 4) and industry and enjoy the work. Yes, sometimes I get burned out, but I chose accounting because it is steady, plenty of opportunities to change jobs, and the work itself is not that complicated (hours can be long, but the actual work seems much easier than a lot of doctors or engineers). Big 4 burns people out, so learn as much as you can and leave… you can try smaller companies or industry, or try doing something different from accounting altogether. Just figure out what you want to do and why. Accounting CAN have long hours, but it doesn’t have to. Same as other professions
You know you don’t have to stay forever, right? Seriously. Plenty of people leave to pursue their passions. For example: I live near wine country, and know plenty of people working in tasting rooms that say their life is much more fulfilling now.
Differentiate between accounting work and the conditions under which accounting work is performed. The biggest problem I see in the accounting world today is that most organizations do not see value in accounting. It is mostly viewed as bookkeeping with minimal value added to the real decision-makers. And you know what? For the most part tjhat is accurate.
that could not be further from the truth depending on the service line you work in lol
The problem is that too many organizations do not go through the additional effort to make accounting information into a valued/useful part of the decision process. And now comes the really bad news: I predict that AI will eliminate75% of the easy stuff. Quite frankly, I have been a CPA for about 36 years. With AI taking over, I would not recommend accounting as an occupation to any person with a time horizon of more than ten years.
Some hope: the skills that make a good accountant (analytical, fact-driven, questioning, orderly, puzzle solver) can also be tweaked to create a good analyst, forensic analyst, or detective. And human beings will ensure that there is always a need for detectives and forensic analysts. Maybe specialize in the quant/financial element of crime? If I had more years of work remaining, that would be my choice.
Ai is going to be soooo great....until it's a power outage. 😂😂😂
I choose to major in accounting because I was told it had job security…what a complete lie that ended up being… I have friends in transportation planning, entertainment and retail and the passion they have for their job makes me so depressed. I typically dont look back on what I would do differently if I could go back in time because I feel like every mistake or setback is a learning experience but man, if I could, I would have chosen a different major. This was a devastating mistake that I will regret for the rest of my life.
For real. I feel like I had no role models nor advice when I was 19. I also feel I was ‘sold’ a dream career in accounting and this is what I should strive for at University. I was such a sheep and followed the crowd into corporate and I regret it every day of my working life. It’s very difficult to change career path and you have to had a lot of resources to back up major life changes
To succeed long term in public accounting you have to sell. And if you can sell, there are other ways to make a living that don’t involve soul sucking accounting
I've worked Big4 for 4 years and industry for almost 6yrs. My industry company was going through some craziness when I joined, so still long hours at first, but over the years I rarely work more than 40 hours and have good pay. Not always exciting work, though my company does like to shake things up often, so it keeps me on my toes.
It's because big4 have spent millions persuading students and new grads, that there is only big four route and that there is nothing better. The truth is, there is a big beautiful world outside big four and outside public in general, you can exit into many many roles . Look and apply, move on from public
I hate it too. I’m a Partner and I am working as hard as I can to make as much $ as I can to go do something fun and follow my passion and dreams. But I often think about “what if I had chosen differently?” I didn’t. So I have to make the best of it.
The work kinda sucks but I’m good at it and it pays the bills and allows for a good life.
That's how I feel- it sucks but I'm good at it. I've only got a couple of years until my kid graduates from high school and luckily I work from home most days. I'm trying to hold out until they graduate before I find something that isn't accounting.
Find a way to transition your skills to a consulting industry role, at a smaller niche firm, or look to go private. Completely different.
Most doctors, pharmacists, lawyers etc also hate their jobs. It’s probably not the field of accounting you hate. There are so many different ways you can apply it. You can teach business classes to high school kids, help run a fine arts program, manage a professional athlete - accounting is just information - so what’s your passion? What do you wish you were doing, and how can you leverage what you have done and what you know to get to your passion?