Im so sad. I just passed CPA exam and got the 1st job offer in public acct. I was so happy because I had hard time studying for CPA while.working full time. My parents understood how hard I tried,so today Im sharing the happiness with them that I got the 1st job at Big 4.My parents asked how much my salary is. I said :65k.They said"Why so low? I thought that with CPA you will earn a lot." So sad that they dont understand...

likefunnyuplifting
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Rome wasn't built in a day. Help them understand that it will take time to build your career and it doesn't happen overnight where you land a high paying job. It's a process that all of us went through or are currently going through. So don't be disheartened. We all realize the effort it takes to get where you are to achieve what you have so don't be hard on yourself either. Be proud and feel proud. Sometimes parents just don't understand..you can help them understand but if they don't then don't let that dim your light. If anything we understand. 👏🏼

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I’ve had similar experiences with my family. I just learned to take some time to enjoy my excitement or sit with whatever disappointment I may have about something before sharing with my family. I know they love me, they just are generally negative people. Typically, they will either dampen my excitement or make me feel worse about something not going my way. I have close friends or mentors I go to for advice or to share good or bad news.

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Tell them in 5 years it’s double and in 8 years it’s triple that.

likefunny

Went into BIG 4 Financial Advisory from industry as a Manager at 72K. Three years later was promoted and had doubled my salary. Now at around 400K at a large tier 2. Be ambitious, be a high performer, seek out opportunities, and find mentors who believe in your career as much as you do.

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Don’t be sad now when you in b4 you will be sadder

likefunnysmart

The truest statement 😭

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They will appreciate your monetary success later in life if/when you support them effortlessly. Don't let it get you down. Congratulations on a huge achievement! 🥳

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EY7 With regard to opinion about what is a lot and what is little for comp, this is all very judgmental and opinions differ. There will always be some people who think comp is too low and they will be vocal and complain. There are others in the same situation who view their comp as fair and they are often quiet. I never felt I was underpaid, but that is me. I think it's human nature to always want more. Even though I didn't feel underpaid, I certainly wanted more. Public accounting operates in a free market system. There are hundreds of large employers and thousands and thousands of employees and potential employees. I have to conclude that comp approximates fairness because it is driven by a free market environment. I think if every firm increased comp at every level by 10k for example, then after a year or two some people would continue to complain they are underpaid. I understand people want more, but I cant conclude that people are paid too little. I realize that my experiences may differ from those of others and maybe in some markets there are issues. I'm speaking overall. You comment about minimal to no variation in comp levels between high and low performers doesn't resonate with me. In my office, There are wide ranges especially once people get to manager and above. I agree that a socialistic flat comp environment does NOT motivate high performers. If you are truly in such an environment that is unfortunate. I am a believer that high performance needs to be rewarded. I wonder if you are in a group where mediocrity is being rewarded simply because the group is understaffed and everyone is essentially being paid to stay and not for performance. I still believe high performance deserve the rewards.

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Partner here. Started at $33k, made partner in 11 years and now make close to $1M after 10 more years. I think they are being very short sited and quite possibly mentally abusive. Plus possibly they don’t understand that raises in normal years are double digits or more, unlike industry which are mostly low to mid single digits.

likesmarthelpful

Big 4 is pretty straight forward. You will work hard and long hours or you won't make it . But all along the way - you are building up this incredible off balance sheet asset that gets larger - senior, manager, senior manager/director. You have decide if Big 4 partner is what works for you . If you make it - you will be a top 1%-2% wage earner in the world . If you make managing Director - you are probably a top 2%-5% wage earner at a minimum . The more experience you get at Big 4 - the bigger the payoff you will have when you go to industry . Is it hard? Yes. However you will start your career with some of the smartest and most energetic people on the planet. Average age of most Big 4 firms is likely 27 years old. Be proud .. grow, learn, develop. If Big 4 isn't for you- cash out that off balance sheet asset at some point. Most importantly .. have fun among the way and figure out what works for you .

likeuplifting

Great job on passing the cpa! Any entry level job paying 65k is great depending on the city.

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Agreed. I started with a JD at 68K. I could have started right after college and made more in 3 years.

Your parents sound like a holes.

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Wealthy a holes apparently

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Then help them understand.

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It’s your first job... and everyone knows people are underpaid at big four. It’s about getting the exp on your resume so you can go elsewhere.

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I must live in a weird place, or that's the difference between Tax Tech and Tax. M2 making 130, and if I were to move to another job in my area the best I could take is a 40k pay cut.

What does getting a cpa have with getting a big 4 job? It's not a prerequisite to getting hired by big 4. Also the value of a cpa license is decreasing by the day. I'd focus your efforts on more tech centric certifications

likefunnyhelpful

Are there non-CPA’s out there that are making more than CPA’s? Obviously. Are there CPA’s out there making more than non-CPA’s- obviously. The first one doesn’t make a cpa license “not valuable”. Gosh, tax people are weird.

My starting salary at Big4 was $48k, when I told my parents, they laughed and basically said a college degree means nothing because they were making more than me without going to college. And they made fun of the efforts I put in to put myself through college. I am making more than what they could ever imagine now even as a senior manager but I no longer share this type of info with them.

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Great job on passing the exam AND getting a B4 job - neither of those things are easy to accomplish. I’m sure your parents are very proud of you!!

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I started at 59k at big 4. 3 years later making double.

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I’m sorry that they’ve diminished your happiness! Don’t let it get you down - if you’re excited, tell them that your excited and that you’re being paid within the range for your experience and that you’re making an investment in yourself. Oh, and hey! Thanks for being proud of me and supporting my success!

likesmart

Well, Mother’s Day and Father’s Day are coming up- make sure you stiff them and buy something nice for yourself!

likesmart

I have to ask...are you Indian? Lol my parents said the exact same reaction and so many family members said the same thing to me. Very annoying. Be proud of yourself! The hard work will definitely pay off.

likefunny

It’s all about perspective. I’m a first generation college graduate and all of my friends and family were very impressed with how much I made as a first year staff. You’re doing great, congrats!!

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It’s not too late! With that dedication/perseverance you can switch to software engineering and make them proud!

funny

This is cruel

So many jobs have “big 4 experience preferred” in their description

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