Mid life career change – advice? (especially from those who have been here)

  • Creator
    Topic
  • #184173
    CarrieM
    Participant

    Hi:

    You might want to grab your coffee, this could be a long one.

    I currently work as an administrative assistant in a Fortune 50 company. I’m also 45. I’ve been here for 7 years and am the sole support for my two children (single mom). I have also been going to school full-time for the last four years, first to get my BA in accounting and this year my MSA. I have two classes left and will graduate in May of 2014. I plan to celebrate for all of about 5 minutes and begin the deep, all-consuming dive into CPA prep. I submitted my transcripts (and hunk of cash) to the IL Board of Examiners two days ago in order to get the ball rolling – my plan is to sit for FAR in August.

    I was hopeful that I would finally be promoted at my company but the writing on the wall here is that it is unlikely to happen. I believe this to be a perfect storm of business conditions (which are awful – we had 4 weeks of rolling layoffs here last year plus we lost 12 employees in permanent layoff and we are an engineering group in my division), cost cutting and sadly and most unfortunate for me, the inability for my company to recognize that an administrative assistant, can and does possess a brain and can aspire to do and be qualified for more. I knew going into this that the jump from admin to not-an-admin was going to be a huge leap over a deep crevasse. I had hoped that graduating magna cum laude with my bachelors would have at least made some impression.

    Anyway, I cannot go the typical route of internships and such to obtain my experience because my children have gotten used to frivolities like indoor plumbing, heat and groceries. 🙂 This combined with the fact that my current position does provide me with good benefits (just not very good pay) and well… I need to find something better, but I’m a little limited.

    I have worked for some big companies in the past. And if my current company would put me in an accounting position for a year, I know this would fling open doors for me as far as corporate accounting is concerned. Eventually things will probably turn around and opportunities may open up. But I am unwilling to wait – and feedback from coworkers, one in particular yesterday, is too much to ignore.

    My company offers a tuition reimbursement benefit but it was shut down last summer for my division, right as I was beginning grad school. I was told “why don’t you wait a year?” but honestly, as a mom and a 45 year old, this didn’t feel right to me. Taking “time off” is a foreign concept to me because as a person who works full time and a mom, you just don’t get “time off”. I haven’t had a vacation in seven years. All my days off have been either for things for my kids or because I had a midterm or final that night and I planned to get some extra studying in. So I bit the financial bullet and stepped into even more debt, because I strongly feel this degree will pay off in the end.

    Now as I prepare to graduate and begin my CPA prep (another thing my company *would* pay for if I was working in the accounting department) I’m again being told “why don’t you wait until you have a job in accounting, then we will pay for it”. But again, this seems pretty stupid to me – I constantly go to the manager of the accounting department for my group – a group which used to have 6 employees and is now down to two because of cuts and attrition – and I volunteer to take on “whatever work you need me to do”. I am very good at what I do as an admin and if there is a way to do it faster and with less effort, I find it. I work smarter – and harder if need be – but mostly smarter and I have learned through many years of experience how to get things done quickly and efficiently. This allows me the time (with the blessing of my boss, btw) to pursue additional work in our accounting group. I have presented this as :think of me as an intern that doesn’t add to your headcount.” And… they give me nothing but empty promises.

    So— and thanks for sticking with me—- how do I get some accounting experience? I have 20 years of solid work experience, including running my own small business when my children were very small. I have seven years with one company – but no promotions, unfortunately, because there is nowhere for me to go in this position.

    How did you make your big leap? How do I get companies to see me for who I am – a woman who decided “I can do more” and then went out and did it.

    FAR: 5/12/16... and if I don't die from an anxiety attack...
    AUD: 7/8/16
    REG: 8/25/16
    BEC: 11/3/16

Viewing 15 replies - 1 through 15 (of 44 total)
  • Author
    Replies
  • #523658
    mla1169
    Participant

    Ah, I was (sort of) in your shoes a few years back except my corporate experience was in accounting which helped a bit.

    Have you been applying to accounting jobs just to get a feel for whats out there? It may (and will likely) involve a cut in pay initially but you could almost certainly find something at a smaller company in an accounts payable or receivable position to start. Might not be all that much a pay cut either, but if theres a chance you could be laid off I'd hop on it.

    I'd also get some networking going if you haven't already, try LinkedIn.

    Even with 17 years accounting experience, my MSA and CPA I'm being challenged finding a job. Some really are adamant about big 4 experience, some say Ive only worked for “small” companies, or I'm overqualified, etc. Finding the right fit is just a matter of patience and persistence.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #523698
    mla1169
    Participant

    Ah, I was (sort of) in your shoes a few years back except my corporate experience was in accounting which helped a bit.

    Have you been applying to accounting jobs just to get a feel for whats out there? It may (and will likely) involve a cut in pay initially but you could almost certainly find something at a smaller company in an accounts payable or receivable position to start. Might not be all that much a pay cut either, but if theres a chance you could be laid off I'd hop on it.

    I'd also get some networking going if you haven't already, try LinkedIn.

    Even with 17 years accounting experience, my MSA and CPA I'm being challenged finding a job. Some really are adamant about big 4 experience, some say Ive only worked for “small” companies, or I'm overqualified, etc. Finding the right fit is just a matter of patience and persistence.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #523660

    You are doing great by the way. Your kids will be proud of you and be strong adults from watching you…

    You are correct in following your instincts and not waiting around for them to pay for your classes. How about updating your resume to include the experience you have gained from helping the accounting team? Can you ask them to change your title to something that is a hybrid of what you do for both teams? They wouldn't have to pay you more but you can use this to apply to accounting, AR, or AP jobs.

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523700

    You are doing great by the way. Your kids will be proud of you and be strong adults from watching you…

    You are correct in following your instincts and not waiting around for them to pay for your classes. How about updating your resume to include the experience you have gained from helping the accounting team? Can you ask them to change your title to something that is a hybrid of what you do for both teams? They wouldn't have to pay you more but you can use this to apply to accounting, AR, or AP jobs.

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523662
    Gatorbates
    Participant

    So no actual “accounting experience” other than your Bachelor's and Masters in Accounting? Any interest in relocating? To a state-tax free state (FL)? Relocation package included … as is all CPA prep material? We are looking for plenty of people in accounting … always worth a shot at sending in a resume.

    Licensed Florida CPA:
    B: 71, 73, 79
    A: 83
    R: 78 (expired), 77
    F: 74, 74, 80

    It's finally freaking over.

    #523702
    Gatorbates
    Participant

    So no actual “accounting experience” other than your Bachelor's and Masters in Accounting? Any interest in relocating? To a state-tax free state (FL)? Relocation package included … as is all CPA prep material? We are looking for plenty of people in accounting … always worth a shot at sending in a resume.

    Licensed Florida CPA:
    B: 71, 73, 79
    A: 83
    R: 78 (expired), 77
    F: 74, 74, 80

    It's finally freaking over.

    #523664

    Gatorbates, I'm in FL, where do I sign up??

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523704

    Gatorbates, I'm in FL, where do I sign up??

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523666

    @mla1169, very true, most accounting jobs I have seen “prefer” Big 4 experience…

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523707

    @mla1169, very true, most accounting jobs I have seen “prefer” Big 4 experience…

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #523668
    mla1169
    Participant

    Well like the OP I'm a mid-40's mom and starting at the bottom of Big 4 just not in the cards for me at this stage of the game.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #523708
    mla1169
    Participant

    Well like the OP I'm a mid-40's mom and starting at the bottom of Big 4 just not in the cards for me at this stage of the game.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #523670
    impska
    Member

    Sometimes it's hard to get your foot in the door in Public Accounting without any internship whatsoever. That said, internships are paid, and if you're not being paid well now, you might not be taking a huge pay cut if you set yourself up in an internship. But it is risky – there could be an employment gap.

    That said, there are PLENTY of private companies that will take you on without an internship.

    Some of the ones that provided some good opportunities at my university were:

    Union Pacific – Nebraska; Koch – Kansas; Conoco – Oklahoma.

    None of those are in Illinois, of course (and Nebraska doesn't allow private experience to qualify as CPA experience – so watch out for those kinds of rules, if your heart is set on becoming licensed). But Koch and Conoco were offering ridiculous starting salaries because they have trouble getting people to move to Wichita and GodKnowsWhere, OK.

    So my advice is to look to private industry – but outside of your company. Your kids might like a house with a pool in Florida. 😉

    REG - 94
    BEC - 92
    FAR - 92
    AUD - 99

    #523710
    impska
    Member

    Sometimes it's hard to get your foot in the door in Public Accounting without any internship whatsoever. That said, internships are paid, and if you're not being paid well now, you might not be taking a huge pay cut if you set yourself up in an internship. But it is risky – there could be an employment gap.

    That said, there are PLENTY of private companies that will take you on without an internship.

    Some of the ones that provided some good opportunities at my university were:

    Union Pacific – Nebraska; Koch – Kansas; Conoco – Oklahoma.

    None of those are in Illinois, of course (and Nebraska doesn't allow private experience to qualify as CPA experience – so watch out for those kinds of rules, if your heart is set on becoming licensed). But Koch and Conoco were offering ridiculous starting salaries because they have trouble getting people to move to Wichita and GodKnowsWhere, OK.

    So my advice is to look to private industry – but outside of your company. Your kids might like a house with a pool in Florida. 😉

    REG - 94
    BEC - 92
    FAR - 92
    AUD - 99

    #523672
    Gatorbates
    Participant

    TeeTee … here in Lake Mary. I think you mentioned you were in Orlando before. Anyway, take a look through these, we're definitely hiring.

    Jeff, if this is against the rules, please delete and ban me for 25 minutes 🙂

    https://www.verizon.com/jobs/verizon/search-jobs/Lake%20Mary-jobs-2?refineSearchViewAll=Y

    Licensed Florida CPA:
    B: 71, 73, 79
    A: 83
    R: 78 (expired), 77
    F: 74, 74, 80

    It's finally freaking over.

Viewing 15 replies - 1 through 15 (of 44 total)
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