Leaving public accounting the best feeling ever. No more Monday bs and client’s ridiculous requests and partner riding like a cowboy on the back of the senior manager lmao

likefunnyhelpful
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Amen. It's the best feeling ever. I will never go back to public accounting. My stress levels have been reduced tremendously as well.

likefunnyhelpful

Congratulations! I left PA June 2022 for a less lucrative position in Commercial RE but no job stress, no overtime, true WLB.

like

Amen. Great for you. Let those who love public accounting stay there. I left public accounting years ago never to return. My stress levels have been reduced by 1,000 %. No kidding.

like
Recent IconRecent

Take me with you

likefunny

And me!

My wife left public audit over 2 years ago... 13+ years in. She now works less than 45 hours, makes more than she ever did then, and has a life again. Not to mention her bonus was 3x her biggest bonus then. Deloitte took great care of her and our family with benefits and such, but the mental wear and tear, ridiculous lack of staffing, and high stress wasn't what I'd call a good work life balance.

I will admit that she does have times she misses the go go go... But overall, I think she's very happy out of the never ending hampster wheel.

like

Congrats to her. Life is much more fun versus the go go go of public accounting.

like

Where did you go?? Living the dream!

like

Did you post the same thing last week?


https://joinfishbowl.com/post_dfs6f1jggi

funny

No. Must be an exodus from public accounting!

People in this bowl love to dunk on TaxSenior1 but in many respects, he is right. Let’s look at the numbers. Only 2% of CPAs make it to Partner according to the AICPA and we all know there are plenty of non-CPAs in public accounting. Moreover, 75% of CPAs are retirement age according to the AICPA which means the pool of talent is thinning. To compound this problem, the amount of people sitting for the CPA has precipitously declined from 102K in 2016 to 67K in 2022. If that isn’t glaring enough, 300K accountants and auditors left their jobs between 2019 and 2021 which was almost 20% of the accounting workforce. This all shows that the industry need to change. The 🥕 of making Partner is ridiculous considering the commitment involved and how few CPAs actually make it. It is even more absurd when you consider how everyone below them has zero equity. Moreover, it an objective fact that starting pay in public accounting has not kept pace with inflation or the cost of living. There needs to be a fundamental restructuring of the business model to incentivize the next generation and it starts with offering higher compensation and incentives to match the competition i.e. tech, finance, etc.

likefunny

They treat folks as disposable and when they can't find enough people , they resort to those $10 per hour Indian tax processors especially the Big 4 firms. Sadly, those jobs are not coming back to the US. Outsourcing more to Indian tax processors results in tremendous cost savings which means more money in partners already deep pockets .

funny

Worked in public for a long time - industry doesn’t work on Mondays?

funny

DCA/compounding interest is a beautiful thing

like

Update: Still the greatest feeling ever. Would not return to any big 4 for any amount of money in the world. Thankfully my personal business took off 😇

like

Thanks for the update.

uplifting

I need advice I am accountant from Egypt now I am studying ACCA I need get sponsored for training most of companies does not offer sponsorship visa for training any one has advise what can I do to

like

I'm FCCA in USA. Freely speaking, hardly any US companies care about ACCA. You will experience higher success gaining work entry to UK to work for a couple of years (and may god be with you there). Then, from the UK you will be able to work on secondment or re-assignment in the US based on a name-brand employer, but not ACCA. Good luck to you.

From what I've heard, the grass is not greener on the other side, but maybe that's just for those that leave a mid-size firm.

Grass is greener because I don’t have a lawn to take care of anymore, so to speak

like

If I can have a lifestyle of 300k-500k income a year, I’d say, good, I’ll do it. But if not, nah. Boring and average. Especially when all my friends are working, who’s gonna hang out with me during the day?

Related Posts

like

Hi all,
Please help me understand if I should accept this position or not?
I was working as a regular staff therapist for 2 years at an assisted living when just 2 weeks back the HR approached me with an offer to work at a newly opened senior living, so basically I will helping them set up that location from scratch, open it and get it running. For doing all this they have not even clearly offered me a promotion, raise or a change in position. What should I do?

Please help🙏🏻

like

Has anyone used a career coach? Not a recruiter but someone who can give advice on making career changes. Any good names come to mind?

like

Hi Fishes,
I have total 2 years of experience as a ServiceNow Developer. I am planning to switch from Accenture to other organization but I am not sure which offer should I take?

Infosys Or Wipro - having the same offer around 12 lpa

Which of the above organization will be a better for learning and growing opportunity as a ServiceNow Developer? Which one of the above is better?

like

What does an exit from Salesforce consulting look like? I’m in a technical role leading a small team so my understanding is a technical/solution architect or a development team lead at either Salesforce or an end user like Amazon/Amex.

I have bounced around a couple consulting companies so would prefer not to do it again. Total 4 YOE.

I don’t think I have enough YOE to go for a program architect role at SF otherwise I’d be interested.

like
like

Hi everyone,
Is fire engineering a good field to be in? Can someone tell me about the pay scale, growth opportunities and the future scope of fire/Safety engineering?
Asking for a friend who’s done mechanical engineering and is thinking of specializing in fire eng

Thank you

funny
likehelpful

Hi Everyone, seeking career advice. I am working as a Market research analyst with an expert network firm similar to GLG.

We recruit C level executives and connect them with consulting and investment management firm. I am looking to work as a talent acquisition /recruiter ?

How can I achieve this or make a career change?

like

I am currently working mostly in Data Analytics, but I want to transition into Data Engineering. I've applied to a couple Data engineer positions but it seems I don't have the qualifications for them. Should I maybe look for Jr. Data Engineer positions to get experience and try to move up from there? If so anybody know of any Jr. Data Engineer positions available?

like

What are some brands with an in-house agency? Looking to make a move to client side.

Volkswagen - 20 LPA CTC
Bosch - 20 LPA CTC

YOE - 5
Tech - SAP ABAP

Volkswagen has S4HANA project and Bosch has ECC project. I am thinking of Volkswagen.

Need your suggestions.

Best top mgmt consultancy to move to PE?

like

Ps, do you notice who does the work? Got lukewarm feedback on a project with a huge team that included 3 Ms with one playing pseudo-Lead as their “slide-building and analysis aren’t as great”

likehelpful

Just made the switch from Big4 audit to PE fund accountant. Work is pretty slow and want to get into some podcasts related to the market/economy and also accounting policies relevant to the field. Any suggestions?

Is anyone working or knows anyone who works at Oysterhr? I've been looking at their glassdoor and it's full of positive reviews. I wonder what is it really like and also what is their salary range for project managers?

Looks good but I need some verification to know if this is not a sham.

like

I have an offer from a start-up which I will be joining next week. Even though I got a hike more than 100% ( current tc: 6lpa, new tc:14lpa) and changed to sde role I am still not satisfied. Seeing all those comp posts on leetcode I felt I can be one of them. But now I am feeling left behind and not able to move on. I know I have no dev experience. But every other person is getting tc more than 25. How can I get rid of this FOMO and focus on learning and growth. Drop your advice in comments sec.

like

I need an advice!!!
How smart/wise would it be if I transition from Law to Data Science?
I have no prior qualifications or experience related to Data Science, so it would be a complete switch. Kindly suggest me some courses for the same!
P.S. if it is not a good decision, do let me know.

Thanks.

like

I currently work in risk assurance and have a strong background in data analytics. I’m not really sure what my options are looking forward or where to look. Any ideas?

like

How have people found the most success breaking into tech from a different career? I have tried cold-applying to jobs, reaching out to recruiters on LinkedIn, and company alum (very few) who now work in tech. Only a few responses, but no leads. Any tips?

like

More Posts

Women of color — which industry initiatives best meet your needs? Asking from perspective of your personal racial/ethnic (and/or LGBTQ+ intersectional identity if that applies

like

Best bars to hit downtown for a bday?

like

Bain & Company Are consultants for the CPG practice area/having CPG clients travelling yet? McKinsey & Company Boston Consulting Group Bain & Company

like

Does anyone know of a good therapist they could recommend in the LA area? Saw someone post something similar to this in the bowl the other day so I thought it wouldn’t hurt to ask. They don’t have to be LGBTQ+, but it would help if they have some experience in that area.

likehelpful
like

Accenture or PwC?

Accenture role: ASE.
PwC role: Senior Cyber Security Analyst.

Comment your thoughts and insights below!

like
like

Are firms willing to clear an experienced hire? This is coming from someone that won't mind sitting in a scif all day.

like

Folks if ur looking for referral in EY across the globe then DM me with requisition job ID.

Must not applied or attended interview in past at EY

Only above fullfilling folks DM me

like

Thoughts on STOs? Personally find fractionalization of assets pretty interesting.

I have a business background and a year ago, after I enrolled in a major European business school blockchain specialization, I decided to start focusing my career on this technology

I would like to continue going up on my learning curve while helping businesses adopt blockchain

Any career advice based on your experience? Best companies in the industry?

like

Someone talk to me about Isobar and/or IA Collaborative. 👍👎❓

like

What's the most natural next step for a marketing coordinator?

like

Currently working in Arizona hybrid under my H1B status. My company is also located in AZ. I mostly do not need to go into office unless needed. Currently I’m planning to relocate to California for 2 months temporarily. My director is concern is this is going to affect my visa status. Does anyone have advice ?

like

Hi All,

I'm Looking for Job change, For TL/people management roles, Please help me out

I carry 6+ years of experience with the below Skills and Expertise - 6.5 total exp Migrated 8 process so far as pilot Batch.

Core Skills - Middle office, Collateral management, settlements, Margining, Risk management, Trade Capture, Client Services, Security Lending, Multiple Migrations & Team Management for 1 and half years, Validation confirmations, Data Reference,Static and Project Management

like

Do paralegals in Maryland need some type of license? I saw a post for a paralegal but says you must be licensed to practice in Maryland.

like

Hi all, just looking for a range, what should should someone with ~3YOE in consulting (targeting Senior Associate) expect for a base salary.

And when giving a range is it better to overshoot knowing they’ll bring it down?

like

Any ENFP lawyers out there who are happy? What do you practice? Just saw that a job not for this personality was “corporate attorney”... so just curious.

like

As a new product manager what books should I be reading? I’ve already read Inspired but looking or more. For context, I’ve joined a series A start up and as expected there’s a lot to do and it’s very fluid. I want to be able to help the head of product as much as possible as well as provide some structure to how we work.

like

Would would a senior product manager do over and beyond a product manager. We don’t have any seniors at my startup and I’m trying to figure out what I need to do/achieve to get promoted. Any advice would be much appreciated.

likesmart

Additional Posts in Accounting

All right people. LET'S FILE SOME TAX RETURNS.

like

Is it possible to work at Deloitte & still have a life at the same time *sighs*

like

Anyone know what sort of work the big four does out of Iceland? I saw a few deloitte and one ey office in Reykjavik. Working in Iceland for a year or two would be amazing.

like
like

That moment when youre searching for a new job on your work laptop, you work forgetting about the open tabs, have issues with your laptop so service desk remotes in and sees the tabs with the search😨

like

What would you do to deal with people who drive too slow in the fast lane? This is a scenario where you are the king/Queen of the world for a day.

like

Struggling to feel fulfilled in this job. Thinking of making a career move to skilled trades. Torn though since I put so much effort into a master’s degree/CPA exam already. Thoughts?

like

I want to get out of IT Audit Advisory. Interested more in project management/business strategy, any recommendations on names of positions I should look for at other big 4 firms?

like

Anyone knows/ is currently working on Trump's tax return ????

like

Where are the Booz Allen people at?

like

Started eating healthy and going to the gym two days ago and already lost 5 lbs. was this the secret to being skinny all along?

like

Is there not a "lock aspect ratio default " option in Microsoft word?

like

What is a decent offer, I.e raise, bonus, to go to another big 4? From assurance to advisory

like

Tax senior with CPA at small firm. Best way to get to Big 4 audit? (LA or OC) Went to non-target so little to no alumni at B4. I don’t mind the switch to a lower title since audit was always my preference and was never a fan of tax (stayed local for family).

like

How do you know if you’re considered a value employee?

likefunny

Is there any options if you dont get your cpa at PwC In audit? I heard of one guy that went into basically business dev (helping partners get new clients) is there anything else besides recruiting

like

When is your tier rating for the FY18 locked in? Is your tier rating already official?

like

So FTX, a multi-billion dollar business, was running on quickbooks per the Financial Services Committee meeting going on right now 😂 Man their auditors gotta be sweating

likefunny

If my recon doesn't add up, can I blame Russia?

like

Has anyone transitioned from working in a company to being an independent contractor? How long did the transition take and what are the pros or cons from working solo?

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