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re: Anyone know the starting salary of a CPA?
Posted on 2/19/13 at 3:03 pm to tigers102886
Posted on 2/19/13 at 3:03 pm to tigers102886
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.
But I agree. It still doesn't make sense to me.
1
Posted on 2/19/13 at 3:31 pm to bpfergu
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.
Posted on 2/19/13 at 3:36 pm to tigers102886
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.
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.
Posted on 2/19/13 at 3:47 pm to Type A
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.
Posted on 2/19/13 at 10:17 pm to bpfergu
Props to her, I'd give up my job for one like that.
Posted on 2/19/13 at 10:48 pm to tigers102886
quote:
The starting salary is low 50s in LA/TX.
Posted on 2/20/13 at 12:26 am to Type A
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.
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.
Posted on 2/20/13 at 12:46 am to sneakytiger
A lot of B4 people posting on the MTB these days...
All of the finance people (THF, RSBR, and kfiz) have gone silent.
All of the finance people (THF, RSBR, and kfiz) have gone silent.
Posted on 2/20/13 at 1:10 am to lynxcat
Benny and Russian have been fairly active
Posted on 2/20/13 at 7:37 am to jso0003
big 4 is around 50k working 50+hrs per week.
Posted on 2/20/13 at 7:39 am to lsu xman
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.
Posted on 2/20/13 at 7:44 am to I Love Bama
The high paying accounting jobs are in oil/gas. Start out there and try to move your way up.
Posted on 2/20/13 at 7:58 am to I Love Bama
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.
Posted on 2/20/13 at 8:05 am to tigers102886
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.
Posted on 2/20/13 at 9:15 am to I Love Bama
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.
Posted on 2/20/13 at 10:04 am to haggard79
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.
Posted on 2/20/13 at 10:22 am to tigers102886
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 2/20/13 at 10:45 am
Posted on 2/20/13 at 11:43 am to sneakytiger
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.
Posted on 2/20/13 at 12:42 pm to MStant1
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 2/20/13 at 12:43 pm
Posted on 2/20/13 at 1:22 pm to Type A
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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