What do you think the best accounting job is?

  • Creator
    Topic
  • #188145
    jay1942
    Participant

    Working from home as a cpa? cfo of a bank? forensic accountant? what do you think the best financially and for you mental health….

    BEC 3x 77 expires 1.30.16
    AUD 2x 80 expires 10.31.15
    REG 2x 86 expires 2.28.16
    FAR... 7-15 .. 48* .. 77
    * Did Not study at all

Viewing 15 replies - 1 through 15 (of 39 total)
  • Author
    Replies
  • #590075
    thechapman
    Member

    If I had a choice of any job later on in life after getting some experience, I would want to be a treasurer for a small public company. Not as much skin in the game as a CFO if things go wrong, and I also think cash flow would be a valuable area of expertise because it's something that (I believe) you really only learn through experience.

    What's best for everyone though? I don't think there's an answer for that.

    Passed - 2014

    #590076
    tomq04
    Participant

    The public interface between a company/firm and the public.

    More than likely this means sales.

    REG- (1) 76
    FAR- (2) 64, (5)74, (7)83 (Over achiever!)
    AUD- (3) 70, (4) 75
    BEC- (6) 75

    #590077
    h0wdyus
    Member

    Corporate Finance / Treasury function. You learn to manage funds for the company and you also learn how to raise funds for the company. FX transactions even some hedging. This is the life blood of any company. Chances of growth are tremendous. It is exciting. Thats where I want to be.

    FAR - 81 29th Aug 2013
    AUD - 84
    REG - 82
    BEC - 89 29th Aug 2014
    Using Yager

    FROM NJ

    #590078
    StephAV
    Member

    I am in the NPO industry, I'd say I'd love to be CFO of a smaller trade association. At the CFO level your time (I think) is more spent analyzing and making decisions (or presenting them to the board). You can dream up the ideas and tell the accounting staff to make it happen. You don't have to be all in the details and managing the staff (yuck).

    FAR - 7/13 - 72, 11/13- 74, 2/14- 82!!! Best score ever (for me)!!!
    BEC - 1/14 - 75!!! Perfect score! First Pass! YAY!!!
    AUD - 8/14 - 80!!!
    REG - 5/14 - 72, 10/14 - 66, 1/15 - 78 - DONE FOREVER!!!
    I did 5 of the UNA and CPAExcel classes to earn units.

    #590079
    musicamor
    Member

    You should experience the field in different areas – you'll find that Accounting/Finance has many different facets – find what works for you.

    Texas CPA - licensed in 2012!!!

    #590080
    KBinMN
    Member

    Accountant for Playboy?

    #590081
    Anonymous
    Inactive

    I've been in public, and am now in corporate. I think my end goal: Accounting Professor at a University. Which means that I'll probably be applying to PhD programs in the next few years.

    #590082
    Anonymous
    Inactive

    There are a few that come to mind.

    1) CMaxwell is on to something. College professors have a FANTASTIC quality of life. A buddy of mine is a PhD (in physics) and teaches at a university. He is tenured and probably does 30 hrs per week. Tops. No hours per week in the summer. He's not rich, but he certainly isn't poor. The cons to this are an illiquid job market and high student loan debt. I can't bear living more than an hour from the ocean, so an illiquid job market is a big con.

    2) I do mostly forensics & litigation consulting. The work is interesting and the rates are good (about $200/hr for staff and $400 to $600/hr for partners/directors), however, there is a risk in that this is the kind of career that can go away in the blink of an eye if you get Dahlbert'ed (legal standard which means removed as an expert). There aren't too many professional compliance costs/considerations (basically just SSVS No. 1 and SSCS No. 1); however, there is a lot of law that you need to stay up on.

    3) Sole practitioner (with a decent book of business). At $200/hr you only have to bill 500 hrs to get to $100k per year. That's just south of 10 hrs per week. Granted, this doesn't include marketing and non billable time, but if you spend another 25 hrs per week non billable, you're still pretty much getting off every Friday. All year. Another plus is that you get to directly work with the clients who will personally benefit from the services (families, small business, etc.); whereas with larger clients, CPAs are oftentimes working with employees who could care only enough to keep their jobs.

    #590083
    Mayo
    Participant

    Man…dunno about PhD. 5+ years of crap salary and zero life; followed afterwards by an illiquid job market, capped salary (albeit six figures), pressure to publish, and years of teaching all the classes and time slots no one else wants until someone retires or dies? Plus, research that literally had almost zero practical use?

    Ugh…count me out. We need good profs, and nothing against you if that's your choice. I just know it won't be me. Now…an adjunct lecturer teaching a specialized course after I'm retired and have tons of experience? Now THAT sounds cool to me.

    Mayo, BBA, Macc

    #590084
    Anonymous
    Inactive

    ^Still sounds better than public lol

    #590085
    Mayo
    Participant

    Haha; i admit parts do sound similar. I'm still “enjoying” my time in public, but I'm just a weirdo.

    Mayo, BBA, Macc

    #590086
    Mayo
    Participant

    Haha; i admit parts do sound similar. I'm still “enjoying” my time in public, but I'm just a weirdo.

    Mayo, BBA, Macc

    #590087
    wombataholic
    Participant

    @billbrasskey – How did you get into your field? I'm interested in doing something along those lines.

    AUD - 91
    BEC - 85
    FAR - 91
    REG - 92
    CPA, CFE
    Passed all 4 CPA exam sections with Ninja Notes/MCQ/Audio

    Licensed CPA
    Passed each section on the first try with Ninja Notes/MCQ/Audio

    #590088
    ssmagnus
    Member

    I'm clearly partial because I used to work at a “Big 4” so it's there in my opinion. You get a world class experience, it teaches how to navigate the most intense political environment (which is essential in any job), and you learn all the “tricks” in how to find problems in an account. Just don't stay too long if you feel you are burning out or being taken advantage of. It's not for everyone but it's like having a Harvard or Princeton degree when you apply for a job in Accounting.

    How do you get in? You need a GPA about 3.5 (fresh out of school) OR if you already have years of private experience, find the name of the HR head AND assistant by calling the office you want to work at directly (leave messages!). I had worked in private for 2 years and I got hired because I had the guts to call and tell their HR team that I belonged there and that it was for me. I made sure to visit the website to understand their value framework and what are typical characteristics of employee (make sure it's what you can offer!). Trust me, you are making their life easier because their turnover rate is high – they are constantly having to fill open spots. Also, you need to start from the bottom…don't expect to start at a Senior level…this is how I did it. Where am I now? In private =]

    AUD 93 (5/14)
    FARE 80 (8/14)
    BEC 77 (11/14)
    REG 81 (4/15)

    #590089
    Anonymous
    Inactive

    wombataholic-

    I was promoted within my firm. I'd had a bit of a reputation a my firm as being comfortable with ambiguity. Also, I think the senior partners like working with me because I take the time to teach them computer stuff here and there instead of just saying “I'll take care of that”. Being younger, it's easy to forget that a 62 year old wasn't raised with computers (not to mention, they were probably too busy studying for the CPA exams to learn them back in the day).

    Mayo-

    I def agree with all that. There are substantial additional pressures that come with being a prof.

    The ambitious ones can really clean up in consulting, though. We go head-to-head with profs in litigation with some degree of regularity. They generally don't fair as well as CPAs, though.

    I think its easier to paint them as being a hired gun; whereas CPAs are advocates for their profession and the public before they are to their client. That's not to say the CPAs aren't hired guns, too. I think CPAs have a better perception among the public as well.

Viewing 15 replies - 1 through 15 (of 39 total)
  • You must be logged in to reply to this topic.