Anyone know the starting salary of a CPA? - Page 3 - TigerDroppings.com

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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
67696 posts
 Online 

re: Anyone know the starting salary of a CPA?


quote:

The money is shite relative to your hours and quality of life, even as a partner


Agreed, I'd rather be poor than work those hours






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lsu xman
Member since Oct 2006
9883 posts

re: Anyone know the starting salary of a CPA?


How's the job market for internal auditors now?

I remember in the early 2000's, everyone wanted to get into it.






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MStant1
LSU Fan
New York, NY and Houston, TX
Member since Sep 2010
4179 posts

re: Anyone know the starting salary of a CPA?


quote:

Yeah, I was speaking strictly on the audit side. I don't think there is much difference if any, in partner pay between the different practices, but there is certainly a difference in quality of life. I believe the average partner draws ~800k in distributions, which is nothing to sneeze at, but with a few exceptions every audit partner I know seems completely burned out and miserable. I think a lot has changed in the last 5-7 years for them.


Yeah, the pay sounds about right. Most partners I know on the advisory side, while certainly busy, seem to like their jobs.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33735 posts

re: Anyone know the starting salary of a CPA?


quote:

quote:


The money is shite relative to your hours and quality of life, even as a partner





Nah, the pay is pretty awesome for partners even considering the quality of life. Especially on the advisory side, partners do pretty well for themselves. Dunno, maybe audit partners don't make much.


This REALLY varies. You have plenty of partners in the Big 4 who don't work all that much or really contribute much and pull in a steady and secure $600-$800k a year.

It is on the back of the associates and seniors who work 60-70 hours a week during busy season and 30-40 hours other parts of the year. The associate and senior life in the Big 4 is a terrible quality.

Then managers and directors are somewhere in the middle. They make good to very good salaries and work hard to not very hard depending on their circumstances.

Public accounting always has and always will be about being vastly underpaid with a low quality of life the first 5 years or so, being paid about right from year 5-10, then usually after about year 10 or so, probably being overpaid for the quantity of work done (in general).



This post was edited on 2/20 at 2:35 pm


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lynxcat
Rutgers Fan
Member since Jan 2008
14329 posts

re: Anyone know the starting salary of a CPA?


800k is way on the high side. The average partner in audit is pulling closer to 500k. The average partner in consulting is pulling closet to 800k but there are tons of variations on the consulting side.





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