Anyone know the starting salary of a CPA? | Page 2 | TigerDroppings.com

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bpfergu
Arkansas Fan
Member since Jun 2011
3429 posts

re: Anyone know the starting salary of a CPA?


She doesn't work for a CPA firm. Just is in the hotel industry.

But I agree. It still doesn't make sense to me.






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tigers102886
Member since May 2008
840 posts

re: Anyone know the starting salary of a CPA?


That makes more sense. I've seen staff accountants in government jobs and other companies, that have no accounting education, but they are familiar with the "books" and have years of experience with the entity.





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bpfergu
Arkansas Fan
Member since Jun 2011
3429 posts

re: Anyone know the starting salary of a CPA?


That's the thing. She doesn't have years of experience with the entity. She just started this position about a month ago.

I have several CPA friends who have multiple years of experience, work 60+ hours/week, and don't make anywhere near what she does.

Obviously I'm not complaining but it just baffles me.






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jclem11
TCU Fan
Houston, Texas
Member since Nov 2011
2944 posts

re: Anyone know the starting salary of a CPA?


I'm not a CPA yet (I have 1 part left) but I work in Big 4. The starting salary is low 50s in LA/TX. I currently work in Houston.





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tigers102886
Member since May 2008
840 posts

re: Anyone know the starting salary of a CPA?


Props to her, I'd give up my job for one like that.





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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Anyone know the starting salary of a CPA?


quote:

The starting salary is low 50s in LA/TX.







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sneakytiger
LSU Fan
Member since Oct 2007
1302 posts

re: Anyone know the starting salary of a CPA?


Starting salary at a Big 4 will average around $50k, regardless of certification. It really doesn't become a factor until you're up for promotion to senior or manager even.

Where do you see your career heading once you get your JD and pass the bar? Even if you pass the CPA exams, you will still have to get 1+ year of relevant work to become licensed, depending on the state, and you'll have to have a mandatory number of continuing education credits to maintain that license each year.






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lynxcat
Rutgers Fan
Member since Jan 2008
14579 posts

re: Anyone know the starting salary of a CPA?


A lot of B4 people posting on the MTB these days...

All of the finance people (THF, RSBR, and kfiz) have gone silent.






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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4940 posts

re: Anyone know the starting salary of a CPA?


Benny and Russian have been fairly active





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lsu xman
Member since Oct 2006
10020 posts

re: Anyone know the starting salary of a CPA?


big 4 is around 50k working 50+hrs per week.





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I Love Bama
Missouri Fan
Alabama
Member since Nov 2007
33268 posts

re: Anyone know the starting salary of a CPA?


So a masters Degree only gets you 50k starting out? What sort of growth potential is there? That's not much money. I figured it would have been more.





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lsu xman
Member since Oct 2006
10020 posts

re: Anyone know the starting salary of a CPA?


The high paying accounting jobs are in oil/gas. Start out there and try to move your way up.





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tigers102886
Member since May 2008
840 posts

re: Anyone know the starting salary of a CPA?


You slave away doing public accounting for not much money for a few years, and then you move over to industry where you take a management position for a lot more money.





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haggard79
LSU Fan
Member since Jan 2008
504 posts

re: Anyone know the starting salary of a CPA?


quote:

You slave away doing public accounting for not much money for a few years, and then you move over to industry where you take a management position for a lot more money.


This is the norm in my office and the managers make 90-130. However, we have staff/seniors/supervisors with no CPA making 45-75.






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Chris Farley
Maryland Fan
Regulating
Member since Sep 2009
3716 posts

re: Anyone know the starting salary of a CPA?


quote:

So a masters Degree only gets you 50k starting out? What sort of growth potential is there? That's not much money. I figured it would have been more.


The masters doesnt really add much value, people mainly do it to get the required 150hrs to sit for the CPA.






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tigers102886
Member since May 2008
840 posts

re: Anyone know the starting salary of a CPA?


Yeah, you can make pretty good money if you stay long enough to become manager/supervisor, but I don't like public accounting enough to stay that long. Pretty much just doing it for the work experience.





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sneakytiger
LSU Fan
Member since Oct 2007
1302 posts

re: Anyone know the starting salary of a CPA?


The money is shite relative to your hours and quality of life, even as a partner. I left as a new manager. I was highly rated and in a large market, but my salary as a new manager was just under 80k... I headed for greener pastures shortly after promotion.


This post was edited on 2/20 at 10:45 am


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MStant1
LSU Fan
New York, NY and Houston, TX
Member since Sep 2010
4199 posts

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



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.







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sneakytiger
LSU Fan
Member since Oct 2007
1302 posts

re: Anyone know the starting salary of a CPA?


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.


This post was edited on 2/20 at 12:43 pm


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ThisWayChad
LSU Fan
Member since Nov 2009
1925 posts

re: Anyone know the starting salary of a CPA?


quote:

I'm about to start studying for the CPA exam, after having been out of college for 3 years. I have a semester of law school left, so I figured I'd try to go ahead and finally get the CPA exam out of my way before being faced with the Bar exam. Any advice? Motivation?


Why are you taking the CPA exam if you are about to graduate from law school?






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