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Yes, absolutely.
Yes.
It seems increasingly difficult for whatever reason for people to pass while working. Becoming a senior and the longer you're a senior for, the more you'll be responsible for. And I dont want to have a manager without it.
So why not require it early, before the increased responsibility of being a senior? And if you don't plan on getting it then is it worth training you for a couple years just to have someone I know isn't in it long term?
SM1 - I don’t think you necessarily need “seniors”. You just need qualified people who can and would be willing to take on those responsibilities. So the idea of what an associate is and what a senior is may need to change if being a CPA is required to be promoted to senior. Essentially the firms would be raising the standards for these positions. For example, a big 4 manager at a company like Amazon would most likely be a senior analyst based on what I’ve read. In implementing these changes, they may also need to raise pay to help offset the increase in turnover.
Chief
No. All of big 4 would have like 5 seniors lol
Chief
I came from PwC. I can tell you our pay was nowhere higher than the other 3. First year Manager salary was the same as first year managers at other firms.
There would be even less seniors when it’s the position that has the biggest shortage.
Chief
No, because it would create serious staffing issues
Honestly creating a Supervisor title and pay band (>S4 basically) would be ideal to keep seniors at the firm who don’t pass longer
Chief
RSM and a few top 100 firms have the Supervisor title already
I would think a step behind in pay so a Supervisor 2 makes Manager 1 salary
I think up to 3-4 years in that pay band, then after that it should become a performance issue
You underestimate mid tiers though, I know people that started with mid tier firms in 2011 that are still seniors…..
I think it should be a manager requirement for the pure fact that I learned a lot more about financial reporting and auditing in practice than I did from a Becker book. I would have had a lot harder time passing as a staff, taking it as a second year senior everything clicked. Yes I had less time to study, but I also was able to understand everything better and therefore spend less total hours studying (likely).
I think it should be a requirement to start working at the firm.… The longer you are at the firm the harder it is to get it done.
PwC3- tax associates usually start in June or July. That’s only enough time for one exam
It is a requirement here in the UK. If you fail you get fired.
And why do you think so?
Nope
In principle, it would be a good idea. But in practice, it would be a terrible idea because we’d have far too few seniors.
I guess it depends what type of work you're in. Difficult to make a blanket statement like that. Senior manager with no CPA here.
Pricing consulting
Shouldn't be a requirement for anything. Doesn't affect day job