Would you recommend this industry to your kids? Why or why not?

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I feel like this question comes around once every week or so. Still makes me feel good to vent. I would actively steer my child and anyone else’s child away from accounting and tax. Work expectations have only gotten worse. You cannot have a work life balance and the stress will lead to a heart attack. Doesn’t matter if you’re in industry or public. It’s not worth it.

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Seems like a lot of engagements I’m on partners are asked should we add xyz staff they always say no and blow that idea off

Only if I hated my kids, lol.

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For me tax was such an easy entry into business/corporate world. My mom and dad went to college but my dad ran a small business that didn’t require a degree and my mom never worked. I didn’t have connections or a network in this world. I went to a state school and was heavily recruited by big 4. It was security i couldn’t get anywhere else. My husband comes from a long line of finance guys. He knew in high school what job seemed to have the best comp/effort ratio and he was able to pursue it because he had something to fall back on. It’s a tough one but I’d probably steer them in another direction.

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I will not recommend anything to my daughter. When she can better understand things, I will just let her decide for herself.

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So here’s the deal and I’d also explain this to my kid … when I was 22 making $43k a year working consistent 60 hour weeks , also in school to get 150 college credit hours to sit for cos exam get to the big four … I seriously though wth did I pick this awful career , during Covid in public accounting I had a tough time … fast forward 10 ish years later I’m at $140k , my job is stable … where as my boyfriend aerospace engineer was just laid off , my gal pal in tech laid off one year later still can’t land something , my father was an engineer honestly did ok 👌 he never did great $$$… 🤷‍♀️:) pros and cons of every single career . I honestly think trying to explain to an 18 year old pros and cons is tough , you’re young you think you’re invincible… I guess if I had a kid I’d be like look this what $$$ you’d be able to afford at the profession , this would be the hours , pros and cons …

My boyfriend wanted to be a math teacher I guess his dad went through ok this is what your life would look like on that salary

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Public accounting is not an easy career , the hours are brutal, but so are a lot of careers especially in the beginning.
I’ve always had an interest within business/accounting. I’d say having an interest is key.
I wish we (as a profession) didn’t push tax / audit at a big four . There is so much you can do with an accounting degree - internal audit , financial reporting , cost accounting etc :) 🤷‍♀️

No matter what career my kid picks , I’d just try to explain the pros / cons , expected budget under that starting salary, and try to find a friend who is working within that career for them to chat with.

I had no choice back in my country. I had to go to accounting school and always thought it was boring but I'd rather work with numbers than with anything else. I would not recommend to my kids unless they like stability, not doing a lot of creative stuff and are more of a routine kind of person. I know I am basically in the wrong career for me but I had no choice.

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I think it’s about finding the right team and employer. There were some tough days early on in my career. Now that I’m 8 years in, I’m honestly not very stressed and rarely work overtime. I’m at B4 too.

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I would. Rewards are good. Started at $57k TC and hit $230k TC in 6 years. cant complain.

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Who's hiring this data scientist? 🙌

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