Only been in FDD a few months but I already hate it (idk why fishbowl won’t update my title). Should I cut my losses and leave or stick it out a bit more? I wanna go into industry accounting

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Your reply sounds like you don't have a good manager and maybe some bad luck with the projects. If you're okay with being an industry accountant (no interest in fp&a or other internal finance functions) then it's fine to cut your losses. If you might be interested in fp&a you should stick it out a bit longer

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I wouldn’t completely agree all FP&A are glorified accounting - a lot them are and you need to do your diligence during interviews to find out. It’s also not uncommon for someone leaving public to use an accounting focus FP&A to transition into something more business oriented.

Can you explain more about why you hate it? Also are you with big 4 or a mm firm or a boutique

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I’m at a big 4. I had 3 years of audit experience before this. I have a few reasons based on my limited experience:

1. The job feels like glorified data formatting
2. The analyses performed (QE, NWC, DDL) feel very “niche” that I question if they’re even useful to become experts on
3. Projects are so short/quick-moving that you don’t learn as much about the business as you’d think. A few weeks of excel analyses and a couple management meetings is simply not enough time to learn what makes a business tick.
4. Private equity clients and their lawyers are absolute nut jobs
5. I knew this job would be unpredictable hours, but no day ever feels like a middle ground. I’m either slammed balls to the wall or I have literally nothing to do. Not a single day of a reasonable 8 hour workload. 12+ hours or nothing. Either way, I feel like crap.

I want to get back into traditional accounting since a lot of what we do here deviates from GAAP. Also just done with public accounting and its culture.

Hopefully that helps.

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Come to CLA. We’ll give you consistent 8-12 hours ;)

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I don’t think what you described is unusual at the junior levels of FDD. At its core this job is about about dissecting and understanding a business within very limited amount of time. QoE / NWC / DDL are just deliverables that memorizes our assessment of the business. It takes time and experience before you can do it efficiently and effectively , and before people can trust you to lead analysis you will be given random tasks that appear to be mostly formatting work.

And that’s fair, most junior level jobs in general are probably grunt work like this and I’m not expecting people to let me lead analyses right away. I’m just not sure I even care about these analyses. I got a fat pay raise coming here from audit that I practically could not turn down, and I don’t want to go back to audit either

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If you’re trying to go to industry, then I would just give it a shot now.

How did they bait and switch you?

This post makes me wonder if accounting advisory like FAAS is a better option than FDD for auditors

There is 0 reason to go back to audit in my opinion lol paid less work more and path to partnership is like 20’years now

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No better time to jump to industry. Just know that those steps in the ladder are more longtime coming than if you are patient, unless you find a really dynamic corporate culture/opportunity.

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