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re: OT I need help -- Career related

Posted on 1/4/24 at 1:08 pm to
Posted by brmach
Member since Aug 2012
780 posts
Posted on 1/4/24 at 1:08 pm to
It will be a big feather in your cap if you pass, even in the private sector. Also, if you think it’s something you ever want to have, do it now while the textbook information is still fresh in your mind. The longer you put it off, the harder it gets.
Posted by SUB
Silver Tier TD Premium
Member since Jan 2009
21782 posts
Posted on 1/4/24 at 1:08 pm to
quote:

Audit, btw


Why not just get your CIA instead? It's a much easier exam and honestly, audit work that requires a CPA is boring as hell.
Posted by JumpingTheShark
America
Member since Nov 2012
23403 posts
Posted on 1/4/24 at 1:13 pm to
OP I was in your shoes and what helped me was getting the frick out of big 4 and going smaller. Find a firm that really cares about your career progression and will support you as you take on the exam. Big 4 is a corporate fricking drag full of yes men and fake fricking assholes. I did it for far too long. All accounting firms are virtually the same because there’s not many different ways to run them in order to be profitable. Find one with a very good culture and people you like. I do recommend biting the bullet and finishing the CPA, it’s worth it. I don’t give a flying frick about my birthday every year but I sure as shite celebrate and remember the day I got my last passing score.
Posted by JumpingTheShark
America
Member since Nov 2012
23403 posts
Posted on 1/4/24 at 1:15 pm to
quote:

It’s comptroller and you not knowing that makes it very doubtful that you are one.


Tell me you’re an a-hole who doesn’t know what the frick they’re speaking of without telling me…
This post was edited on 1/4/24 at 1:17 pm
Posted by thelawnwranglers
Member since Sep 2007
39668 posts
Posted on 1/4/24 at 2:14 pm to
quote:

Why not just get your CIA instead? It's a much easier exam and honestly, audit work that requires a CPA is boring as hell.


Truth
Posted by Odysseus32
Member since Dec 2009
7851 posts
Posted on 1/4/24 at 2:15 pm to
(no message)
This post was edited on 3/13/24 at 11:46 am
Posted by cyarrr
Prairieville
Member since Jun 2017
3516 posts
Posted on 1/4/24 at 2:20 pm to
quote:

In three years when you're two years into this career, making $100k or more


Do certified public accountants on average really make six figures second year practicing?
Posted by TJack
BR
Member since Dec 2018
2204 posts
Posted on 1/4/24 at 2:22 pm to
quote:

The Masters is viewed as an equivalent to a CPA certification
nope
This post was edited on 1/4/24 at 2:42 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
52917 posts
Posted on 1/4/24 at 2:24 pm to
quote:

What do, OT?


Drag those tests to the nearest Sonic and beat the shite out of (ie: pass) them then relax by getting a blowie from a hot model.
Posted by Odysseus32
Member since Dec 2009
7851 posts
Posted on 1/4/24 at 2:28 pm to
(no message)
This post was edited on 3/13/24 at 11:46 am
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
2198 posts
Posted on 1/4/24 at 2:35 pm to
quote:

TJack

quote:

nope
OK
Posted by thelawnwranglers
Member since Sep 2007
39668 posts
Posted on 1/4/24 at 2:37 pm to
quote:


I don't respond to "man up and do it" type reinforcement


I tried baw

I am thinking about taking it again - we can be CPA buddies
This post was edited on 1/4/24 at 2:41 pm
Posted by terriblegreen
Souf Badden Rewage
Member since Aug 2011
10210 posts
Posted on 1/4/24 at 2:37 pm to
My wife is a CPA. CPAs are hard to find these days. Less and less people testing. You will make more money if you get certified.
Posted by thelawnwranglers
Member since Sep 2007
39668 posts
Posted on 1/4/24 at 2:40 pm to
quote:

My wife is a CPA. CPAs are hard to find these days. Less and less people testing. You will make more money if you get certified.


I wonder if thats why they changed the test
Posted by Murray
Member since Aug 2008
14555 posts
Posted on 1/4/24 at 3:21 pm to
quote:

I understand getting the license means if I can least around 5 years in public I'll be considered for roles around $150k range. Controller is realistic at this point.

But I don't just get the money. I then have more responsibility and have to be more readily available to put out fires than a junior staff. Just being realistic.


I'll give you realistic. You're young, you don't know what you don't know about the profession and where its going which is causing you to be extremely shortsighted. Also, $150K is nothing.

Get the license, if you're good at audit, continue for five-seven more years minimum (not sure of your age) while enhancing your network of contacts in the industries you audit and in the local CPA scene.

Then start your own small audit practice, purchase a small practice or join a small-midsize practice at no less than non-equity partner with a timeline for when you will be equity partner.

The industry is changing fast and good auditors are needed more than ever and its getting worse. You will be more valuable than you know in 5 short years.
Posted by Odysseus32
Member since Dec 2009
7851 posts
Posted on 1/4/24 at 3:41 pm to
(no message)
This post was edited on 3/13/24 at 11:46 am
Posted by JumpingTheShark
America
Member since Nov 2012
23403 posts
Posted on 1/4/24 at 3:41 pm to
quote:

I wonder if thats why they changed the test


It’s precisely why
Posted by LaLadyinTx
Cypress, TX
Member since Nov 2018
6490 posts
Posted on 1/4/24 at 3:49 pm to
quote:

but without those three letters you will not be considered for any management or senior level roles.


This is the truth. You need the 3 letters. CPA or CIA, depending on what you want to do.

You basically need to decide to just give up most of your extracurricular activities for 4-5 months and consider studying for the exam to be a 2nd job. Of course the exam was much different when I sat (handwritten, 30+ years ago), but if you want to pass and get it all over with get a good review program and commit to 20 hours a week on top of your work. It's one of those things that's doable, but just takes time and commitment. If you don't make the commitment, it will never happen.
Posted by jizzle6609
Houston
Member since Jul 2009
6295 posts
Posted on 1/4/24 at 3:52 pm to
How old are you should've been the first question
Posted by Sherman Klump
Wellman College
Member since Jul 2011
4504 posts
Posted on 1/4/24 at 3:59 pm to
quote:

A lot of this is HIGHLY dependent on where you live. SMs in Boston might be close to $190k total comp, same position in Memphis might only get you $160k


Your total comp numbers are a little low even for those markets. If you get CPA and stay 8 years, you can pretty confidently triple your start salary (total comp).

Now, is that worth it to you? A lot of folks are happy making 80-100k doing very minimal with very little upside.
This post was edited on 1/4/24 at 4:00 pm
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