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yo McK, hire this mans
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Can't focus on Friday! I hate Audit
Are you going to year end Christmas party?
Where da audit staff at?
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Some tough love: Pass the exam. It’s a pain, but it’s not harder than any college work. What’s the point of being a public accountant and not a CPA? Head down for 3 months, 60-100 for each part, and your problem goes away.
Appreciate this - thank you.
Think you gotta think long term. In the short term, going to the firm that doesn’t require cpa and extra money sounds good, but I would think your career earnings will be higher with a cpa, and more options down the road. Take the exams whether you stay or not
Chief
Your team losing people daily is not a reason to stay. Do you like your team/firm? Is probably do the sabbatical and pass the exam. Either that or take the EA exam and go to another firm that will allow you to progress with that.
Chief
*I’d
Head down and grind to pass the exam. Do you have any parts passed? Kiss your weekends and upcoming holidays goodbye. It will only be a temporary sacrifice.
One pending. Thank you.
1. Take a sabbatical to pass the exams, for a mid year promo and stay at my firm
2. Find a different opportunity not requiring licensure
It feels like the model keeps internally developed people to be underpaid. For that reason, I just feel that my salary will never be market if I stay. Right now the difference would be ~ 20K assuming a promotion. Other than compensation I like my firm, generally.
Do you plan on passing the exam? If no, if you can’t accept not becoming a manager in the future, leave.
I’m surprised firms are offering manager title without CPA. I know a few will accept EA in special cases, but you need at least one to sign returns someday since you’re in tax. Do you like your firm and plan to get your CPA someday? Then stay where you are and put in the work. If you don’t want your CPA then go somewhere else.
Some small firms do and they’re willing to pay for talent right now and yes many accept EA.
This is the reason why I told new hires to finish CPA exams ASAP before being a senior. Once you become a senior, there is no time or motivation to study.
I don't have* regrets
Look out 5 years: does that job you want require a CPA? If yes, just get it done. I'm a senior manager with no CPA so you can totally find a path that works for you if you don't want licensure.
You don’t need cpa to be a tax manager at Pwc - EA will suffice and some (but not all) tax practices accept other credentials. CPA/bar exam used to be preferred but I’d say the talent shortage right now is making it a non issue for people who’d rather just get EA and be done with it
If you’re at EY you need them all passed by like February for agile promo, make sure you inquire when you would need them done by
Not at EY but thank you.
If you want to remain in public accounting, then you need to pass the CPA exam. But if you don’t want to stay in public accounting, a CPA is not necessary but preferred
I would say pass your exams now (Oct - Dec 2021), get the promotion internally, and then switch firms or go to industry in a year as an experienced manager when you can make 30-50k more rather than taking a smaller pay bump now without the CPA.
Get your CPA.