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Accenture India Hi Folks Need your advise. One of my friend has an offer from Honeywell Chicago. He is currently working in Accenture India. couple of questions if you can help me with.
1. Honeywell Offer $180,000 p.a. vs INR 20 Lakh in Accenture(due for 12% Fixed increase and 20% Variable wef Dec'22) . Is it good to join considering relocation cost and tax structure in US?
2. how is the work culture and growth opportunities in Honeywell Chicago office?
3. Any other advise pls share ?
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Tomorrow i quit.
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I don’t want to be rude but some has to say it. You should be asking how can I get the CPA not how can I do without it.
You can pursue EA, it’s much easier. It gives you the right to practice before IRS. A lot of people progress with EA as alternative to CPA. I have them both, in my opinion, EA teaches you more tax knowledge than CPA does.
I feel that a CPA is well worth the time and efforts as it opens many doors with an accounting firm or within private industry.
I work at a top 20 firm, and have been working as a senior accountant for the past 5 years without a CPA license. However I have passed all the exams and working on getting the educational part to apply a license. Prior to joining the PA, I had 13 years of private industry accounting experience. I also work on audits related to that industry. I currently make 100k, and located in a major market in the Midwest. So yes you can make a comfortable living with out a CPA. My goal to earn more as I’m sure I will with a CPA and more experience.
My advice get the CPA you will not regret it even if you don’t stay in public accounting.
Thank you !
At the first year senior level, pay is more about performance. To my knowledge, CPA licensure does not impact pay, it impacts whether you can promote to manager.
This ☝🏻. We’re expected to obtain a license so no pay bump when you get it, other than the bonuses available if you do it in your first year, etc.
I’ve seen people move to senior roles without the CPA, but it can depend on your firm’s policy and I would say it's overall less likely (plus your pay would likely increase with CPA). For salary negotiation, focus on the value you bring—highlight your experience, skills, how you’ve contributed to the team. Be ready to back up your ask with data-driven results.
Thank you
You said pay is average and you are tired of it. Why do you think you should get above average pay?
I’m in HCOL
I don’t understand that you said the pay at your firm is average but tired of pay at the same time😓？
It sounds like you were set up for failure, which has been all too familiar over the last few years. Being in person has its up and down sides, for sure.
I've rarely seen a difference in BASE pay at the Sr Associate level when it comes to having a CPA since base pay is more so performance driven. If you do have it you're usually eligible for CPA bonus with current employer if they offer one, or if you're looking to jump you can negotiate additional $5k to your sign-on bonus
Just get the cpa and you won’t have to worry about any pay gaps or opportunities anymore for the rest of your career.
Thanks for all the feedback yall. The exam is tough for me as I have a disability. But after considering all aspects, im going to study again. I love the firm I work for in every aspect so jumping ship for money doesn’t suit my needs. I’m HCOL so the pay I have now pays the bills and and not much else left over.. but I guess you can’t win in every area.
I struggled with the exams too. I took them 18 times total and I felt giving up so many times, but you will feel so good when they are over.
You have limited negotiating power. If you had the CPA license, you would be more of a flight risk, and they might pay you more to keep you content.
What do you have to negotiate with? You could evaluate the market in your area to determine what your market worth is. You didn’t mention the COL in your area either.
Thank you!! After some reflection, taking these comments into consideration and research. I’ve come full circle and assessed sort of how much more I need to progress to be in a position to even negotiate. But ultimately realizing I’m happy with where I’m at. They’ve accommodated me through some health issues, the people are great and they treat us well. My pay is average but after looking at things in detail boiling it down to things I know and don’t know, can and can’t do right now, related to the job - I have some work to do to prove myself. I’m not where I want to be either but I’m at where I’m at.
Having a CPA does not guarantee a pay increase, however, it should give you plenty opportunities once you have your CPA.