[Anonymous]

So I have just graduated from undergrad in December and am currently working on my masters and will sit for the CPA in the Fall. I currently work at a smaller (~70 people) firm that does mostly tax. I have an offer from a large PE firm (Blackstone, Carlyle) for fund accounting. I was wondering what I could expect as a career progression in fund accounting and what exit opps are out there? I’ve heard bad things about fund accounting but have heard PE fund accounting is different. Or should I scrap both of these and get to the Big 4/

Thanks!

[kcrc]

Exit opportunities for fund accounting are non-existent. There is no real-world application for fund accounting. If you stay with tax, however, you'll have a valuable skill-set that will be highly sought after. Take it from a recovering fund accountant.

That being said, if you just stick with fund accounting, you could have a very vertical career. Just know that every time you job-hop, you're starting over. Even if you're taking a step up somewhere, you'll lose your vacation days and any vesting benefits. That can add up to a lot over ten years if you take three different jobs and you start over each time (take it again from a fellow job-hopper).

[Author]

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