Working for a CPA firm vs industry

  • Creator
    Topic
  • #192887
    Plymuff
    Participant

    What are the main advantages of starting with a CPA firm as opposed to working for a small/medium/large company as an accountant? Is working for a CPA firm a good place to start re: developing experience?

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    AUD --- PASSED
    BEC --- PASSED
    FAR --- PASSED
    REG --- RETAKE MARCH 10, 2017

    AUD - May 2016
    BEC - Passed
    FAR - Passed
    REG

    Success is how high you bounce when you hit bottom

Viewing 6 replies - 1 through 6 (of 6 total)
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    Replies
  • #659694
    LongShot
    Participant

    I've never worked for a CPA firm, so I can't say for sure. Though it seems public experience is the way to go. Private will hire someone with public experience into a lot of roles, but private seems to pigeonhole a lot of people. I'm not even 30 and I've already been pigeonholed as an IT/database type of staff accountant (simply because I can actually use a database)- which isn't necessarily bad, but my career path is 100% set for me. On the other side, my boss' boss spent 10 years at a big 4 (I think, in audit) and was hired directly into CFO of about $10+ billion bank holding company. I think he made better career decisions than me. And he's only like 8 years older than me.

    FAR - 75
    AUD - 72; 87
    REG - 64; 74; 84
    BEC - 88

    Done!!

    #659695
    Plymuff
    Participant

    So starting with a CPA firm is the way to go! Get experiences in different engagement and move on to industries.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    AUD --- PASSED
    BEC --- PASSED
    FAR --- PASSED
    REG --- RETAKE MARCH 10, 2017

    AUD - May 2016
    BEC - Passed
    FAR - Passed
    REG

    Success is how high you bounce when you hit bottom

    #659696
    CPA soon
    Member

    After 2 and a half years as a financial analyst for a $6 billion automotive company, my CFO's advise was that at least 2 years public experience would be best for me in the long term. He was once a CPA and did public for 3 years, inactive now. So i am looking to transition, start in public!

    FAR - 71, 68, 74, (8/31/14) 78 ✔
    REG - 67, 71, 71, (10/18/14) 78 ✔
    BEC - (11/29/14) 86 ✔
    AUD - 73, (4/4/15) 86 ✔

    I can't believe this is over! 2 years and 3 months..

    #659697
    Anonymous
    Inactive

    I started off in industry and totally regret it. If i could do it over, I would have worked in a CPA firm first. I think the experience is invaluable. Plus, industry is boring. Save it for when you have kids and need a work/life balance.

    #659698
    cool_kid
    Participant

    Most of the higher level and good paying accounting positions all seem to want some public accounting experience. I wouldn't want to miss out on these opportunities and be stuck because I chose to do industry instead. This is at least what I'm thinking and hoping to get into public accounting while I'm younger.

    #659699
    Regular Tax Dude
    Participant

    I have two sides of story from people worked in public (tax). On one side, some said that public trains your adaptability. On the other side, some said that the first two years in public adds no value, because you are just doing some mechanical stuffs which a monkey can do. Any thoughts guys?

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