Is fund accounting a good job? It pays better than corporate accounting. I’m just not sure how repetitive the daily work can be given the more repetitive, the higher risk prone to automation.

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

It kind of reminds me of technical accounting in that it’s a niche area which pays more early career but pigeonholes and caps you. It’s not really a role to feed into broader finance leadership for the most part.

So it might be a bit better pay and WLB than staying in mainstream tracks but it’s probably a trade off.

like

I used to be in AWM audit, so all my clients were in fund accounting and most my peers left for it. My two cents from what I’ve observed:

Pros: fund accounting pays more than pretty much any other path in accounting outside of a pivot to advisory/consulting/finance. If you’re willing to hop around or get lucky with internal turnover, fund accounting teams tend to be very small and so you can move up much quicker than you would in a large corporate accounting department as well. It’s also a small, niche world where once you’re established you’ll basically always have offers on hand from other fund accountants if you’re worried about job security

Cons: fund accounting is probably one of the most boring and repetitive disciplines in accounting, tends to work 15-25% longer hours, and tends to be treated like “the help” by the difficult personality finance bros that inevitably run the fund. Once you’re pigeonholed there’s no way out. And while at the manager/director level and above you probably have job security, lower levels are massively automated and/or outsourced to where you often can’t develop a good team under you and are instead constantly dealing with the headache of poor third party service providers with constant turnover

like

Related Posts

50 an hour at a pharma company or 20-25 at an ad agency ... hmmmmmmmmm

like

A friend of mine applied for a job at Bain and he said part of application requested his SAT scores! What’s the point of asking for his test scores? He has a degree.

like

Currently I don't have laptop and i want to access tcs payslips, how can do that?

like

Hello,
I’m a MRI technologist with bachelors in radiologic science. My goal is to become epic analyst. I do have a proficiency in Radiant. However, I am not having much luck with any applications. Almost all the postings require actual certification or build experience. I am thinking that I may have to go back to school. My options are either go for masters or go for another bachelors in IT/computer science. What could be my other options? Thank you.

likehelpful

Hey everyone, I have my first interview coming for Project Management role at Meta. Any tips or recommendations? Does anyone know the layout of the interview?

likehelpful

I have some experience in cost mgmt/optimization field and want to join big 4 for better exposure. Are these teams currently actively hiring?

like

Why does nobody point out the hypocrisy of Democrats nominating Garland and now being against the nomination of a Justice in an election year?

likefunny

Like if voting for Trump, Helpful if voting for Biden. Let’s see.

helpfullikefunny

Any lawyers in big 4 trying to get out? What are our options other than big law?

like

I'm an A3, got offered $60 an hr + time and a half to leave B4 and go do a busy season contract. Would you take it?

like

What is up with the groups of cars that drive around the Loop with their warning lights on honking their horns? Anyone know what that is about?

like

I JUST LANDED A PHONE INTERVIEW WITH GOOGLE!!! can I get some google phone interview tips, advice, etc.? (Forever grateful) 🙏🏾

like

What are some perks of the Ritz?? I’m staying here for the next few weeks but I don’t get the hype

like

Recently accepted a role in the Visa NY office, starting in 2 weeks. Anyone have tips on the culture in the NY office? How hybrid is it really? Vibe in the office, dress code, etc?

like

I feel silly asking this question: is there a meaningful difference in pay progression or exits between M, B, and B? Just signed with one and it seems my inferiority complex has evolved

funny

Hi Fishes,

How much can I expect the offer from Ericsson on 6.6 yoe and on Production Support Role?

like

At EY is I was reimbursed for a stationary bike 2 years ago. Would EY reimburse me for a road bike this coming year? There's a stipulation that says every 5 years but I'm not sure if that means for another stationary bike or if I can get a road bike and be reimbursed.

like

Hey I was informed my position was eliminated due to corp restructure. I am a marketing vet with 10 years diverse experience from social to email and both b2b and b2c marketing. I also am about to complete my mba. I love to tell a brands story. Looking for a position at a people first company marketing manager positions or above in Atlanta or remote thanks for your help.

like

I’m doing some research on error and empathy. Has anyone come across any research on customer behavior, such as helping them cope with difficulties online and correcting errors. I’m reading and hearing no one likes “We sorry” interactions.

If you had a month off between jobs, where would you go and what would you do? I don’t mind traveling or driving but want to do solo. I am a woman in my later 20s.

like

Additional Posts in Accounting

Got an interview for a SOX revenue analyst position at a public company any tips?

like

I can never ever seem to stop thinking about work and have given myself too many anxiety attacks just thinking about everything coming up for busy season already. Any advice for how to manage?

like

Grant Thornton: I left GT as a senior. I am still a senior at new firm. Am I under contractual obligation to not recruit from my old firm? I had always heard that non-solicit was signed as manager.TIA

like

What skills lead to success in M&A?

like

Did EY get rid of bravo awards?

like

I am a new associate (1 month in mid-tier firm) and I struggle to get work to fill up the whole day. In honest time, i get about 3-5 billable hours a day. Am I going to get in trouble or fired over this?? I am putting my best efforts when I do get work and I ask for work sometimes. At this point I feel like I am being annoying too…

like

We stay until 8 or 9 everyday and then at the end of every week my manager tells me to book only 40 hours. It sucks ass and now I have to explain to my counselor why my utilization is so pedestrian...

like

I wonder if we’ll still have minimum billable hours if WWIII breaks out

likefunny

KPMG & PCAOB & Justice Department

I’m hearing rumors of a large penalty (hundreds of millions) in the pipeline related to the audit scandal... Just rumors??

likefunny

Can you change your 401k contribution amount specifically for bonuses, in the fidelity 401k? You can do this for Schwab 401k but not seeing an option for fidelity

like

Highest number of billable hours you have seen in a year?

like

Any insight into GT risk advisory? Salaries at mgr and sm level? Recruiters getting aggressive

likehelpful

Is there any value in getting a JD if I already have my CPA?

like

Every walkthrough that lasts longer than 2 hours makes me want to quit

like

Is a CISM or CISSP in higher demand? What’s the better cert?

like

People who are single/live alone, how much a week do you spend on groceries, food, and alcohol? I feel like I average around the $100 mark and not sure if that’s reasonable.

like

Do any of you have a favorite pre-workout and/or post-workout protein shake? Looking into some to give me energy for sitting at my desk all day 🙃🙂

like

There’s a person in an office in a different country that keeps pinging me and just saying “hey” I respond and say “hey” and they don’t respond. In six months it has happened 4 times now. What to do?

funnylike

So I’m an idiot auditor. I am about to promote to senior -I’ve gotten 3s on every review. I have an opportunity to move from audit to deal advisory within B4. Am I equipped to handle the new role??

likefunny

Just got an email from the NY State board that my CPA Liscense application is on hold because my partner forgot to put the date on the experience form. 🙄.

like

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