Where are all the accounting professionals going? Competitive pay and benefits aren’t enticing enough. People want work/life balance but how can firms provide that when the workforce supply is so low yet demand is at an all-time high. If technology is the answer are there firms that are successfully implementing solutions?

Posting as :
works at
You are currently posting as works at

Accounting pay for the college requirements/cost and hours worked isn’t alluring anymore when there are alternatives. The internet has allowed for younger generations to know the working conditions and pay for various career paths unlike in prior generations.

Some things I have heard in recent years from our people are that in some offices staff work as much as there investment banking counterparts and after 3 years are paid 1/2 and the education requirements are higher for accounting. Driven people can go into tech after a programming boot camp that lasts 3 months and make more starting than our managers after 5 years of school and 5 years of work. Trades people such as an electrician makes close to 90k a year after 4 years of work but only works 40hrs a week. If they work overtime they make as much as our managers with no formal education/costs.

Finally accounting graduates normally tick up during a recession since there are theoretically still jobs to be filled while other careers have limited openings. We have gone 14 years without a real recession (2020 was a blip). That’s a long time to go without a wave of accounting graduates and Covid accelerated older accountants to retire which has caused this labor shortage. We will be in this for 4-5 years I predict assuming we have a recession next year, so just keep hiring as much as you can.

like

Accounting majors and grads are way down right now. The fact accounting is being seen as a 5 year degree now days since you need 150 to graduate. In my location colleges and universities are banding together to redesign curriculum to eliminate the potential of traditional spring internships unless you are willing to make it a 6 year degree. These are all adding up. The 150 credit requirement did more to hurt the profession than help it.

like

Related Posts

How do you get out of the burnout cycle? I’ve felt overwhelmed for a while and now I’m in the “can’t function at all” stage. It’s so hard explaining this to my manager because I already have a workload that’s lighter than others (not because of performance or my request). Any tips on how to get re-engaged, since the overwhelming feeling will come back?

like

Does anyone know which big four office has a need for an experienced staff? I really want to be on healthcare/biotech clients

like

Anyone in Morgan Stanley working in Operations Technology projects?

Just wanted to know about techstack, kind of projects and wlb in Operations Technology projects.

I will join MS by nov end. Thanks.

Hello Fishes,
I have got offer from TVS motors for the role of Scrum master. Should I join there, how is the work life balance and work there. Any suggestions.

like

Hi guys. PhonePe or KPMG India? Suggestions on work life balance and other perks from existing employees will be helpful! Thanks.

like

Do equity partners generally get paid maternity/paternity leave? How does this work?

like

PwC India (Bangalore location) vs EY India (Bangalore location) Technology consulting, data and analytics to be precise. Which one had better growth opportunities and better overall benefits? EY PwC

like

Real talk: Does taking maternity leave hurt promotion chances the year you take it? Consultant, thinking long term, don't want to screw up promo to manager.

like

Consultant role in Deloitte USI (F&EP Team) Vs KPMG Global Services (IT Advisory- EPM Team)

Deloitte USI: 13L + 4L JB
KPMG KGS: 17L + 1L JB

YoE: 4.5
Tech Stack: EPM

Which one will be the better choice In terms of:
1. Bonus and Increments
2. WLB
3. Type of work (back-end/client-facing)
4. Professional growth
5. Any other relevant factors

Please share your experiences?

So, my husband and I had done the BackdoirMy husband and I have been doing the Back door Roth as part of our FIRE plan. Earlier this year, I told him to rollover his old company's 401K to his new company 401K (the old fees were too high). He wasn't listening, and rolled over his 401K to his [empty] IRA. Now I don't know what to do in terms of doing the backdoor. Can we still do it with new contributions and without paying double taxes?

like

Has anyone actually had to pay back a certification bonus/reimbursement? Technically if we leave within a year of earning then we are supposed to, but I dont if it's enforced...

Is AAS/CMAAS, etc. any better than FDD in terms of work-life balance? I actually didn't mind the work in FDD, but hated how every deal was 3ish weeks max and how unpredictable it is. I've heard AAS is generally better, but can also be a nightmare hours-wise. Anyone have any color, especially if you've worked in both before?

like

Is there an age or income where back door Roths are not recommended nor Post tax 401k contributions (v pretax)? We’ve hit our fire number and have significant net worth. Partner isn’t sold on back door.

like

Hi
How is Broadridge Hyderabad in terms of career growth, work life balance and onsite opportunities.

like

Can anyone throw some light avout new internet bills reimbursement added in ssc portal flexi options? Is it just for tax saving or can we also reimbursed interent expenses for upto 500rs ! Also are bill submission required for these?

Also if someone can guide best flexi declaration component that can be utilized for tax saving?

helpful

What to do next - sit on cash, fund 2019 IRA, invest outside of retirement accounts?

Savings - $40k
IRA - $7.5, only 2018 funded
401k - $19k

For context, coming up to the end of my second year of working, 24, I know I’m in a good spot but feel like I’m wasting opportunity sitting on cash. I probably spend around $3.5k/month towards living, no outstanding debt. Only financial goal is to buy a place in a year and a half when my lease expires, I’d estimate needing $15-20k for for DP/CC.

like

Honest thoughts on the WLB in S&C? What would you change or improve?

like

Good morning!
Do you have any informations about the Strategy& Italy team concerning WLB, projects & leadership management style?
Thanks in advance!

like

Need help negotiating salary for a 100% remote startup which is based on US. Paying employees around the globe (15 countries) in USD. I'm from India. Need to negotiate the salary. Obvious things are no benefits like PF, health insurance, Gratuity, Tax exemption for HRA etc. Role is for SDET. Current CTC is 49LPA. What would be appropriate? What are things I need to factor in?

like

More Posts

hi fishes

I had applied for the role of business analyst and have cleared one on-line assessment WHT could be the next stages any idea

likeuplifting

Is it necessary to do every sim for FAR? They’re so long and brutal I’d rather review my lecture notes/multiple choice

Hi, I have a job opportunity question. I was laid off last month. I was offered a temp role with an established company that may go permanent in January. This role is scheduled to start Monday. I had a former colleague refer me to this role.
I also just received a full time opportunity at a start up that would not be temp. I would be designing my own department and strategy, which is excited, but with the economy, I am not sure what to do. And I already said I would start with company 1.

there are total 3 technical rounds for a Java developer and I cleared the first one. What to expect from the other 2 rounds?

like

What's everyone's plans for the holidays?

like

Hello- does anyone have any insight on how vesting schedules typically work for LLCs giving interest to an advisor?

likesmart

Went under contract with a buyer for my condo last Saturday (6 days ago). Inspection has already been done, no issues and buyers aren’t asking for any repairs or price adjustment. Last night my realtor emails saying they’re switching lenders to US Bank. The rate stated is the same as their original lender, so unsure why they’re switching as terms are the same. Their realtor claims it won’t impact our closing timeline, but could there be something shady going on?

like

I’m buying a house and will be renting out a room to my long term roommate. Do I need to have him sign a lease?

like

I’m considering a position at McKinsey which is a tech lead position. I’m a principal architect and im not sure of the various levels at McKinsey and wondering if this might be a step down. Does anyone have any insights to help me? @

like
likehelpful

Hey there wanted to ask your opinions. I was out of work for 5 months from May to October, when my started my new job my salary was higher due to paying less taxes throughout the year. Now with the new tax year my salary is down £700 ( paying full taxes this time).
Did anyone ever ask their employer for a reevaluation of their salary for similar reasons? In fact I don’t want an increase I just would like my salary as it was the past 6 months especially with the inflation.

like

Any tech recruiter have a reliable c2c contact?

like

Hello,

I have a quick question here. Could anyone tel me how is the work culture at Deloitte India ? I have been offered a role there and I have an schedule interview next week.. i wanted to check here before I went ahead with the interview.
How is the work life balance , hike , appraisal, compensation ?


TIA

like

How much did everyone spend on their wedding planner? We’re planning a Fall wedding in Europe with ~80 people and want a full service planner, have been quoted 9-15K and want to see if this is reasonable! TIA

like

Are management consulting and strategy consulting the same?

How are they different from business consulting?

like

Looking to make a switch and was curious what people think about Vynamic. Specifically:
1.) How is the WLB?
2.) Is pay comparable to B4?

like

Hello, anyone here with Mastercard working on software development team for fraud prevention. Got a interview coming up, have some doubts. Could really use some help. I'm new to this application,. Not sure how DMs work:( Thanks in advance!

like

What this guy can't teach?😂
Perfect all rounder

Post Photo
funnylike

What’s the average in house attorney base salary at Wells?

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