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What are the benefits like at Rsm? Senior here
Our superpower is expensing meals
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Anyone know a good degree evaluation service?
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Pwc ke fyde in this comment thread!!
Additional Posts in Accounting
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Ready to plan an exit.
Rising Star
Seems like a good opportunity for hs students in India
They can’t open Excel without taking 4 business days and blowing up the WBS - doubt it will change by 2027. Some of my clients, especially UHNW or FOs, don’t really sign the 7216 anymore. If you’re good at your job, you won’t be replaced by offshore workers/AI/whatever else people afraid of these days.
Yeah, agreed. Nothing new lol
Rising Star
This should not be a surprise to anyone at RSM. Firm is aiming to get to 50-70% outsourced workforce within the next few years. Looking to exit
Highschool students aren't on fb
Nothing like starting off every morning of my workday having to yell at USI for not completing any tasks on time that I have given them, then having to turn around and give an excuse to our clients on why XYZ has not been done.
Unfortunately I have to do this for onshore staff, too. It’s not a USI thing.
How would you like firms to get the work done with out using offshore workforce? Have you heard about the shortage of accounting majors?
BDO 1... Not in my experience. Using India is literally detrimental to any of the audits I've had then on.
No worries here. Every major firm has this resource considering the declining numbers of new grads with accounting degrees.
What’s your point, felt the need to fear monger today?
@1 where are your stats on the “currently unemployed accountants”? Because I haven’t seen that evidence.
Rising Star
The underlying problem is that you get what you pay for. Sure, the offshore team works for peanuts, but the quality of their work product is reflective of that because the best and the brightest in those countries work for the core practice rather than support the US-based team.
And come busy season, they punt anything remotely difficult or challenging to the onshore team so they can say hit their portion of the budget rather than own their work and provide a complete work product
Rising Star
The onshore team works for peanuts as well
Seriously, Donald Trump needs to stop putting tariff on Chinese goods for reducing inflation purposes, and manufacturing job have been shipped overseas and most of them are just not coming back regardless of tariffs. Instead, FOCUS more on offshoring white collar jobs by multibillion dollar companies who can afford to hire demonically but don’t invest enough to do so.
DT hasn't been president for 3 1/2 years. Lol. But I get what you mean. He poked the Panda. I don't know which tariffs Biden has reversed and which ones he hasn't, but quite frankly I think all this back and forth crap hurts our country more than anything. "Every action creates an equal and opposite reaction." ~Newton
Every firm with an offshore practice is going to increase that workforce.
It’s getting extremely competitive
Firms go this route because the accounting graduates continue to drop and the need for accountants continue to rise.
Rising Star
Incorrect, firms go this route to reduce costs and for absolutely no other reason
Offshoring is the one thing RSM is doing right these days. We don’t have enough US staff to do the work.
We don’t have enough US staff because the firm pivoted to relying on offshoring.
Pisses me off. 8 years ago politicians were giving incentives to bring manufacturing back to the USA. Now all these financial companies are off- shoring and leaving the hard- working class looking for work while the CEO’s line their pockets with bonuses for cost cutting.
EY1 there are not enough incentives and when offshoring is allowed, people will do it and there will be someone for charge less for that. Plus accounting fees are raising while offshoring is happening.
Someone with connections to Trump, should let him keep about it.
Just do the best you can. If management's mismanagement results in errors that is on them.
The company I work for pays for my continuing education every year and I will be an EA likely after next season. Additionally, I was previously a small business owner and manage sometimes complicated farm taxes for my family.
I have received feedback that my ability, experiences and personal attributes (ability to manage a team if needed, etc, client interface skills and other things people cannot be taught) is a perfect fit, if only I had a Bachelor's in Accounting or was a CPA. I have no problem starting at just below the level I am at skill-wise to get my foot in the door at a new company to prove myself.
The accounting industry needs to start following other industries and valuing experience over or with a piece of paper in some cases. There are people with an Associate's in accounting who have been an independent bookkeeper for a decade with respectable clients, but would never be hired over a 22-year-old recent college graduate. There is much potential to take someone that has some experience and have a company offer ongoing training in specializations that are unique to their particular firm.
Oddly enough, I know someone who worked at a company for 15 years, moved across the country for a family emergency and moved back a year later and although they were hiring and management wanted him back, he could not have his job back due to a new corporate rule about requiring a bachelor's degree with no exceptions.
I have a background in e-commerce and agriculture, so "speak the language" to win and retain those clients and no one in my office has the latter and I know I am taking business away from a local CPA that doesn't want to deal with it.
At this point, I am not sure I want to go back for a bachelor's in accounting to prove to people I can do what I already do or not.
So in other words don’t go to RSM? I just got an offer from them 🤔
Did you end up going?
I did offshoring for 3 years. Terrible gig - constantly laying hundreds off and moving the work to 22 college grads in Central America
I think it depends on the offshoring model. We have tried using 3 different versions - one is a 3rd party we just send it all to, one is a 3rd party we use a scanning tool for and they verify the input, and the last is an actual firm office. Of the 3 the firm office has been highly successful. We give them a lot of the same training, resources, oversight, etc as the US offices. For the young people there it’s a highly paid job with benefits. The quality of work is about the same as US based. I send my “easier” returns there and use the more in-depth complex ones to train state side because they need more touch points to work through the issues.
It’s only matter of time before the 3rd option takes your job, unless you are on the partner track.