I’m a Tax Supervisor, 5 yoe and a CPA

How tough of a leap is it from public account ing to finance /private equity? I know nothing of this field, but it sharp and pick things up quick so considering switching industries.

Currently making 106k working 55-65hrs week. I hate my job

like
Posting as :
works at
You are currently posting as works at

Accounting at a fund, sure. All funds need those.

like

Yep- you could probably get at minimum ~40% increasing in base when switching to a fund accounting role. I looked at these
a couple years back, but decided to stay in FP&A, and now make more with respectable hours.

It's possible, but would be as proactive as possible as soon as possible. Right now you have a solid basis of experience to make a pivot, but additional experience in public isn't going to help you beyond that.

There are several routes you could take. Getting an MBA from a top program would one way. Or, you could try and get your foot in the door at a private equity company by working in an accounting role, network your ass off to build relationships with the people in finance roles, and then try and move into the financial side, either internally at that company or at a different one.

The latter was the approach I took to move from public accounting into a finance role in REPE. I did one year public accounting, 2.5 years as a fund accountant for a REIT where networked with anyone who would give me the time of day, and then when a an analyst role opened up at a different REPE shop, I jumped all over it. While I was in the fund accounting role, I also took a few elective courses through a college offering a certificate in commercial real estate which I think I helped me market myself in interviewing.

like

Now that I'm re reading your original prompt, it seems like you were asking about making a switch into another accounting role. Apologies if I misinterpreted

Related Posts

I am an IT Analyst in tcs.
I have got an offer letter from
IBM for 7a band with 13.5 annual and including retirals(pf and gratuity) 14.5
Yoe 7.5 Current ctc 10.5. Expecting promotion, maybe after July.

How much can I negotiate?

IBM Tata Consultancy

like

how many YOE are needed to come in as Consultant at BCG with no MBA?

like

People who pivoted/trying to pivot to PM - what resources did you use/do you recommend? There are some online courses or boot camps that have $1-2k tuition fees - worth it? Which ones are worth it?

like

Anyone here knows agency/in-house that do O1 Visa? for JAD with one year experience.. My next jump would make me an AD possibly.

like

What’s the salary of a senior DAAC based out of India taking transfer to London? Please help with the right number. Is is true that the earnings in India = savings in UK. I am planning to make this move and an honest answer will be super helpful for me

like

Anyone here work in consumer lending with a credit union? Interested in discussing pay structures to see how my credit Union compares.

like

How’s the compensation difference between FDD vs FDD analytics? I know they would be about similar, but even so curious. Any preference between the two?

like

What is the best salary jump you can get while moving jobs?

like

Hi All,

I have been selected as ACON from bridge program, and the revised package would be 7.5 LPA. Could you please let me know, what will be the variable component in this and how much in hand salary I will get.

like

I have been talking to a recruiter for a little over a month about a position. I let her know out the gate that I really wasn’t looking to change jobs, but she just kept wanting to continuing the conversation. I didn’t have 2 interviews with the hiring coming and they know that I am not really looking to make a switch. They are now working on an offer letter and I know they’re going to offer me more money. I’m having my annual review this week. Any advice on how to handle a) job offer b) review?

like

Ey gds vs ey india.. which is better for career growth?

like

Hello all,
I am currently working as a data Scientist with overall experience of 5.5 years and relevant experience of 3 years. My current CTC is in the range of 11-12lpa (including variable).
What should my CTC as per market standards considering I have a PG degree in AI-ML from an recognised college?

like

Question! I just moved(transferred) to another team of my company and received new title, graphic & creative services. I was a senior graphic designer at the previous team. What do you think about my new title? I know that title is not a big thing but why I feel like my title is downgraded here… Good thing is my jobs here at my current team are what I really wanted to do. This is amazing. I love my new team and people here! Super healthy working environment! But just curious about the title.

Full Stack .net Dev with exp 7yr. What type of work role can be expected from Infosys? What is scope of growth? And what could be the max expected salary offering?

like

How much does Infosys pay to a JL5 and JL6 for onsite? After how many years after joining do they send abroad? Infosys

like

Any ideas on freelance rates in London? Strategy Director level.

What are some typical roles that Digital Producers on the agency side would become on client side? Looking for titles that I could research to determine a move out of agency when that time comes.

like

Going from PR agency to a marketing role in-house, tips and advice pretty please!!!

like

Chicagoland Fish: I’m researching salaries for a CFO role that I’m interviewing for. The role is with with a middle-market insurance agency with about 150 employees.

I know there are a lot of factors but what range are other CFOs in the area earning in total comp?

likesmart

Average London Producer Salary?

like

More Posts

Anyone stuck in an unhappy marriage? How do you deal with loneliness of this profession and complicated family life

like

Would any biglaw recruiters/HR be willing to give advice on a resume/CV? Undergrad senior looking for an entry paralegal role at an NYC biglaw firm, I would really appreciate any insight. Thanks!

like

Wanting to switch from litigation to in house. What should I make sure I do before I start applying? Do referrals from someone inside a company matter that much when applying? I'm burnt out, I need an escape from billables. Help me out!

like

I have an offer for $130k for a senior attorney position in a boutique L&E firm. Also have a recruiter who thinks she can get me into another for $150-170k. Both are more than I’ve ever made (Denver, 17 yrs of experience but completely different practice areas). Any tips for countering the $130k offer for more using the other potential offer while not risking a complete withdrawal of the current offer? I’ve never been in a position to bargain my starting salary so this is all very new to me.

like

Is anyone hiring free lance/ contract AEs or PMs? Any state.

like

Everyone! One of my friends company is looking for Product Support Engineer - Fulltime
Experience with Outbound Contact Center and experience in deploying to cloud platforms. Please DM me so that we can discuss some send you JD.

like

Are you spending time with family this month or next? My parents are still really worried about Covid since I work in the hospital so it looks like I may be spending the holiday season alone. I understand where they're coming from, but I'm not really sure what to do with myself next week or at Christmas. Tips? Should I try to find a remote pharm manager position?

like

How long did you hear for an update after applying to visa with or without a referral?

like

Hello Beautiful People! Does anyone know of any really well paying part time jobs (preferably evening hours)? Whether it be remote or in person?

like

Hi, m 3d artist , do you think is it possible for me to shift as ui/ ux designer or can I go along with , m bit of confuse ..i have seen lot of opportunities in ui/ ux designer ..most of them landed in reputed company

like

How do the different consulting firms stack up in the UAE? I’m looking to make a move and starting to look for opportunities in Dubai. At Accenture Strategy with a focus on digital and analytics

like

All my gays make some noise 😌

like

Advice & resources? My spouse and I are starting to make good money (ages 28 & 31, $105k & $70k) with $10k in savings (we were hit hard financially this year) and 2 car payments.

We live in a cheap apartment ($1.3k) that is sh*tty. Don’t quite have a down payment (especially not in ATX). Is it dumb to rent a house for a year at $3k/month while we save up again?

We both didn’t come from $ and are figuring out how to not be idiots 🙃 tbh we would prefer to rent forever but that feels dumb???

Gareeb hu sir. 🤣🤣Infosys Tata Consultancy Wipro Tech Mahindra HCL Technologies Mindtree LTI Information Technology Accenture Deloitte EY

Post Photo
likefunny

So I have to play golf in order to succeed in this sort of professional environment? I.e. if I wanted to someday become a partner

funnylike

I have Cognizant offer 25 LPA & EY 29 LPA
YOE 9
Does cognizant match the counter offer?

Also while negotiate counter offer it requires share complete offer latter? Instead of screen sort of CTC break up

like

Transitioning from Central Coast, CA to Las Vegas.

like

Am I the only one left at the end of the month trying to bill 10hour days to meet hours because I slacked off at the beginning of the month? It’s a vicious cycle. Then the end of the month hits and I’m so exhausted that I need to take it was the next week... and the cycle continues

like

Hi..Need likes for DM activation.

like

Additional Posts in Finance

Is fishbowl only available on the US App Store?

like

What's your favorite industry to work a deal and why?

like

Best self-help books on the market? I've been consistently unhappy lately. Something needs to change.

like

Which philanthropic causes do you care most about?

like

I've established some great relationships internally, but I'm struggling to build a solid external network. Any pointers?

like

Anyone deal with this before: I inherited a severely under developed team including a sr analyst who clearly was doing the bare minimum, if that. Over the last 6 months I have had to coach him and correct simple mistakes in his work and recently it got so bad that I told him he would receive a low rating in his evaluation. He lashed out, involved HR saying he doesn’t understand why, and now my review points out stuff that I would have let slide.

Two missed calls from our fearless leader. Either this is social engineering or I’m more important than I thought I was

Post Photo
like

What book has inspired you the most in life principles, or your career in finance?

like

Ladies, where do you shop for versatile work outfits?

like

what happens if you don’t pay back sign on bonus and leave before clawback period?

like

If you ever get a chance, invest in a tailor-made suit. They really are worth it.

like

What is the value in professional certifications? ACCA, CFA, CIPD, etc.

like

Has anyone seen Doctor Strange yet? Thinking about going to the cinema for the first time in years :)

like

Any one work for anyone work for LPL Financial that could share their experience with the company? Looking at roles within the firm and curious to see how flexible they are with remote work and starting salaries for AVP

like

For as much as women claim to support each other in the work place, I routinely see you going out of your way to hurt other female co-workers in ways you would never think of hurting male co-workers.

like

Can someone please for the love of god help me figure out how I can pay less income taxes? I only make 88k and I put the 12k standard deduction but I’m still getting taxed 27% of my paychecks! My sign on bonus (20 even) a few months ago was taxed nearly 45%! Excuse my ignorance, but am I doing something wrong? Will increasing deductions help or should I increase the withholdings? Is this normal?! Thanks for any help/advice, it’s greatly appreciated.

like

"Fleet message, fleet message" anyone as annoyed by that little voice as I am?

like

The Monday struggles are real.

like

Are you guys as busy as you were pre-COVID? I'm at a no name and have had two transportation clients not want to sell anymore after the massive hit in March and April

like

Ever turned down a job bc of the commute?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal