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re: CPA - Industry Role Offer
Posted on 5/25/15 at 9:56 pm to Serraneaux
Posted on 5/25/15 at 9:56 pm to Serraneaux
The controller route seems to be the route I've hoped for. I've just gotten to the point that I'd rather manage/be in charge of the books of a mid-size to large company rather than report to a boss who doesn't know anything or service a client who can't reconcile bank statements then proceed to complain about their bill. Appreciate all the info. Im hoping the jump to industry will be a place I can work at for a while rather than another stepping stone.
Posted on 5/26/15 at 7:34 am to Jabstep
Every position is a stepping stone for me
Real money comes when you can negotiate ownership or get in with a smaller company that will sell in 2-3 years.
My next gig will be consulting for young businesses looking to grow quick and sell
Real money comes when you can negotiate ownership or get in with a smaller company that will sell in 2-3 years.
My next gig will be consulting for young businesses looking to grow quick and sell
Posted on 5/26/15 at 7:44 am to yellowfin
Where you located yellowfin?Business consulting is also something I've considered interesting but the market is a little weak where I am located
Posted on 5/26/15 at 7:51 am to Jabstep
Lafayette
Lots of oilfield related start ups that are great with operations but lack accounting/finance knowledge
Lots of oilfield related start ups that are great with operations but lack accounting/finance knowledge
Posted on 5/26/15 at 8:35 am to yellowfin
quote:
quote:
Is there anything you miss about public accounting?
Banging coworkers on out of town audit trips is about it.
An Iota boy doing that? C'mon man.
That is unless this was before Mrs. Fin?
Posted on 5/26/15 at 9:08 am to Jabstep
Trust your instincts. When I made the jump from public to industry, I interviewed for 6 months and turned down several offers for various reasons. The right offer with the right company will come along.
I did have the luxury of being extremely happy in my position at the firm I was working for. Just didn't want to go through another tax season. I started the search after 4/15, and got the right offer in October. It wasn't an exhaustive search that entire time. Most opportunities came from word of mouth so get the word out among colleagues.
I did have the luxury of being extremely happy in my position at the firm I was working for. Just didn't want to go through another tax season. I started the search after 4/15, and got the right offer in October. It wasn't an exhaustive search that entire time. Most opportunities came from word of mouth so get the word out among colleagues.
Posted on 5/26/15 at 9:39 am to The Spleen
Are you happy with the move? What role are you in now?
Posted on 5/26/15 at 9:46 am to Jabstep
Extremely happy. At the time I made the switch, I added up all the overtime hours I was working, factored that out over the next 10 years, and realized I'd be missing an entire year of my kids' childhood. That was insane to me.
I initially took a job at a pretty big public company. I was happy there for a year or two, got a couple of promotions/raises, but ultimately the big corporate rat race got to me. The office politics is just stomach turning at times, and I couldn't deal with it anymore.
I made another switch a few years ago and now am financial director of a non-profit. Took a little pay cut, but the quality of life outside of work made it more than worth it to me. Not to mention a much more laid back office atmosphere where nobody is trying to sabotage you in an effort to get your position. Money has never been much of a motivator for me.
I initially took a job at a pretty big public company. I was happy there for a year or two, got a couple of promotions/raises, but ultimately the big corporate rat race got to me. The office politics is just stomach turning at times, and I couldn't deal with it anymore.
I made another switch a few years ago and now am financial director of a non-profit. Took a little pay cut, but the quality of life outside of work made it more than worth it to me. Not to mention a much more laid back office atmosphere where nobody is trying to sabotage you in an effort to get your position. Money has never been much of a motivator for me.
Posted on 5/26/15 at 10:01 am to yellowfin
quote:
Lafayette Lots of oilfield related start ups that are great with operations but lack accounting/finance knowledge
That's what I would like to get into eventually, the problem is that the firm I work at doesn't have any oil and gas clients for me to take under my wing since they are all taken up by people who have been with the firm longer.
You should take me on as a part timer, fin
Posted on 5/26/15 at 10:22 am to yellowfin
quote:
Every position is a stepping stone for me
That's the way I look at it too.
I'm not a CPA but I've worked my way up to a Controller position in about 6 years of working in the industry. Took some hard work and probably could have gotten here quicker with a CPA.
OP-If you don't feel comfortable with the company, I'd wait out. You seem to have a solid background to where you can find a position/company that suits you best. Good Luck.
Posted on 5/26/15 at 11:27 am to Jabstep
You trying to go from tax to controller? Don't know a lot of people who have done that. Not saying it can't be done, but, just don't see that a lot.
I would not consider 8-9 percent to be a nice pay increase when making the jump. Benefits are going to be ok in any large company. In big companies, profit share / 401k contribution seems to be the first to go when business turns south. Are these silent people the ones that would be in your department?
I mean, the reason I've never moved from a firm to industry is because industry seems real boring to me, so that might explain the quietness. Also, in industry, accounting isn't a profit center, so... the less they can spend on it, the better.
I would not consider 8-9 percent to be a nice pay increase when making the jump. Benefits are going to be ok in any large company. In big companies, profit share / 401k contribution seems to be the first to go when business turns south. Are these silent people the ones that would be in your department?
I mean, the reason I've never moved from a firm to industry is because industry seems real boring to me, so that might explain the quietness. Also, in industry, accounting isn't a profit center, so... the less they can spend on it, the better.
Posted on 5/26/15 at 11:39 am to LSUFanHouston
quote:
I would not consider 8-9 percent to be a nice pay increase when making the jump
That was probably the average increase in the offers I got when I made the jump, maybe slightly more when 401k match was factored in. The offer I ultimately accepted was right at a 10% increase, but I received another 10% increase just a few months into that position, along with a decent bonus a few months after that. But I really was clueless on what salary I should look/ask for. I gave them my range and they offered me right in the middle. I probably could have gotten more had I done more homework on what the market was paying.
Posted on 5/26/15 at 1:18 pm to LigerFan
I won't be heading anywhere for a little while, getting acquired by private equity and I'll have to sign probably a two year contract.....bout to get paid though
Posted on 5/26/15 at 3:01 pm to LSUFanHouston
I'm at a smaller firm now and my time is split pretty evenly between audit and tax.
The entire office was completely silent and the technology wasn't what I was expecting.
I too have been concerned about not seeing that I'm producing more than my salary but I'm just getting fed up with tax season and the client base. Also, 60+ hours a week and every Saturday for a quarter of the year just doesn't appeal to me anymore.
The entire office was completely silent and the technology wasn't what I was expecting.
I too have been concerned about not seeing that I'm producing more than my salary but I'm just getting fed up with tax season and the client base. Also, 60+ hours a week and every Saturday for a quarter of the year just doesn't appeal to me anymore.
Posted on 5/26/15 at 3:15 pm to Jabstep
quote:
Also, 60+ hours a week and every Saturday for a quarter of the year just doesn't appeal to me anymore.
Totally understand. Where are you located?
I would just be hesitant to jump to a company like the one you described. Busy season is over. Take the summer and look for a new spot.
Posted on 5/26/15 at 3:18 pm to Jabstep
quote:
Also, 60+ hours a week and every Saturday for a quarter of the year just doesn't appeal to me anymore.
Did it ever?
Posted on 5/26/15 at 3:49 pm to Jabstep
Dude, you are in my exact position 10 or so years ago when I left public. I was also working for a smaller firm where I did tax and audit, along with several write up clients, and the tax season hours got he best of me.
Keep looking. A good opportunity will come your way.
Keep looking. A good opportunity will come your way.
Posted on 5/26/15 at 4:27 pm to LSUAfro
quote:
Did it ever?
There are people out there that love that shite, I've seen partners that have been doing it for 50 years that rarely leave the office.
I just figured they hated their wives.
Posted on 5/26/15 at 4:42 pm to yellowfin
quote:Oh I know. I still work with some. Idiots. These are the types that don't retire at 60 either. Lifers or heart attacks.
There are people out there that love that shite, I've seen partners that have been doing it for 50 years that rarely leave the office.
quote:
I just figured they hated their wives.
I hate some of their wives too and their bad arse kids or step kids.
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