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Accountants of OT: Public or Industry?
Posted on 4/19/18 at 11:38 am
Posted on 4/19/18 at 11:38 am
My Bachelor's is in science, not accounting. I am currently taking pre-reqs to hopefully be accepted into a Masters of Accounting program.
I'm in my late 20's and don't know if I want to go through the grind of working at a Big 4 while studying for the CPA. I want to stay in Houston with good pay, good benefits, and a nice work/life blalance. It seems like oil companies like XOM, BP, and Phillips 66 offer this without the need for Big 4 experience or a CPA. Any recommendations?
I'm in my late 20's and don't know if I want to go through the grind of working at a Big 4 while studying for the CPA. I want to stay in Houston with good pay, good benefits, and a nice work/life blalance. It seems like oil companies like XOM, BP, and Phillips 66 offer this without the need for Big 4 experience or a CPA. Any recommendations?
Posted on 4/19/18 at 11:41 am to shiner17
If you want work life balance, go industry. If you want to hammer out 8-10 years in Public and then transition to probably any industry role after that might work to.
However, most of the people I work with that were hired from Big 4 all state that work life balance is why they left Big 4. Working industry at a big company is a great move.
However, most of the people I work with that were hired from Big 4 all state that work life balance is why they left Big 4. Working industry at a big company is a great move.
Posted on 4/19/18 at 11:43 am to shiner17
Public accounting blows. However, the experience earned is priceless and equates to higher salaries down the road. 4 years of public accounting carries the same weight as having 6-7 of industry experience.
Posted on 4/19/18 at 11:44 am to shiner17
Depends on what you want to do.
If you know what you want to do, then go for that. If you're unsure, public will give you the best experience to make yourself the most attractive candidate in a few years when you're ready to decide exactly what kind of career you want.
Public doesn't have to be Big 4, either. I know some companies prefer Big 4 candidates, or even practically require it - but in my experience that isn't usually the case (even though big 4 might be better experience). I've worked 4 years of public at a top 100 firm, currently looking at a change in career and I have come across very few job postings where Big 4 experience is required.
If you know what you want to do, then go for that. If you're unsure, public will give you the best experience to make yourself the most attractive candidate in a few years when you're ready to decide exactly what kind of career you want.
Public doesn't have to be Big 4, either. I know some companies prefer Big 4 candidates, or even practically require it - but in my experience that isn't usually the case (even though big 4 might be better experience). I've worked 4 years of public at a top 100 firm, currently looking at a change in career and I have come across very few job postings where Big 4 experience is required.
Posted on 4/19/18 at 11:44 am to shiner17
I have always been in industry and I love it.
Posted on 4/19/18 at 11:45 am to shiner17
Big 4 blows from a work life balance standpoint but opens a ton of doors down the road if you're patient and do your time.
I will tell you that Big 4 is a young man's game and that being a 30 year old new staff is awkward for everybody (with all due respect). Also think it would be difficult for you to land Big 4 with your age because of it.
I will tell you that Big 4 is a young man's game and that being a 30 year old new staff is awkward for everybody (with all due respect). Also think it would be difficult for you to land Big 4 with your age because of it.
Posted on 4/19/18 at 11:47 am to shiner17
Work public at first. Work/life balance would be bad of you have a family, but it's really not that bad if it's just you or you and a spouse. There's a ton of time off, lunches, happy hours and such. There's months that are bad and months where it's easy. I say all that to say that it's worth it. Good benefits, retirement, and experience. You can always leave, but you can't just get that experience.
This post was edited on 4/19/18 at 12:08 pm
Posted on 4/19/18 at 11:50 am to shiner17
I worked for a well known regional accounting firm, got my CPA a couple years into that and transitioned to industry 4 months ago. Was nice to come in and be fairly high up the totem pole. Love it, really happy to get out of the life of 12 hour days and constant travel.
Posted on 4/19/18 at 11:54 am to shiner17
Having glanced at the replies up to this point this is what I will add...
Pros: in a public accounting role you get exposure to a variety of industries that can help you further done the road weed out industries you may have no interest in... Also, networking...
Cons: the bigger the public firm you work for the more likely they will want to hire you into a specific department (tax, auditing, ect... ) that you may or may not care for...
Pros: in a public accounting role you get exposure to a variety of industries that can help you further done the road weed out industries you may have no interest in... Also, networking...
Cons: the bigger the public firm you work for the more likely they will want to hire you into a specific department (tax, auditing, ect... ) that you may or may not care for...
This post was edited on 4/19/18 at 11:56 am
Posted on 4/19/18 at 11:55 am to shiner17
I always advise soon-to-be graduates to give public accounting a go. Tons of experience and exposure to multi industries. You really gain a ton of knowledge buying trapped in a conference room with senior/manager level auditors for weeks and sometimes months at a time, both direct auditing knowledge and just small industry tidbits about what they've seen throughout the years.
I did 3 years in public accounting and noticed a significant difference between me and coworkers with the same years of experience but all in industry.
If you are older then the public accounting grind may not be for you if you already have kids or a spouse. Without those, I would get into a regional firm with a good reputation.
Postlethwaite & Netterville recently opened up their Houston office and they have a really good rep within the industry.
I did 3 years in public accounting and noticed a significant difference between me and coworkers with the same years of experience but all in industry.
If you are older then the public accounting grind may not be for you if you already have kids or a spouse. Without those, I would get into a regional firm with a good reputation.
Postlethwaite & Netterville recently opened up their Houston office and they have a really good rep within the industry.
Posted on 4/19/18 at 11:56 am to JetFuelTyga
quote:
I will tell you that Big 4 is a young man's game and that being a 30 year old new staff is awkward for everybody (with all due respect). Also think it would be difficult for you to land Big 4 with your age because of it.
I disagree, especially right now. All the big firms have more work than they can do with tax reform and Quill looming. They'll hire any good people they can.
Posted on 4/19/18 at 12:27 pm to Mingo Was His NameO
quote:
I disagree, especially right now. All the big firms have more work than they can do with tax reform and Quill looming. They'll hire any good people they can
I hear ya and see both sides of it. Just have to understand that going into Big 4 at 30-32 or whatever age it may be, you are going to be older than 95% of your colleagues (at your level, anyway). Hard to find common ground with people with that age gap, and one of the huge positives of Big 4 is the camaraderie with peers because you spend so much time with them. Not many 22 year old Staff 1s want to go to happy hour with a 30 year old man, with the inverse being true as well.
Additionally, from my experience, being a 28 year old manager with 30s staff can get awkward. It’s just an interesting dynamic.
Posted on 4/19/18 at 12:29 pm to shiner17
The only accounting I do is accounting the days til I get off this rig baw
Posted on 4/19/18 at 12:53 pm to shiner17
I went straight into private industry after i finished my MBA (undergrad in finance). Friends from school that went public to the big 4 are always working. always. they tend to go out and drink every night after work too, which isnt something i would want, especially as im trying to take the rest of my accounting classes to sit for the CPA exam. All of their co-workers are younger at 23-25ish and they do nothing but group projects, which sounds terrible to me. If you like working in groups for 60 hours a week with people you dont know and wouldnt be friends with, public big 4 is for you.
Posted on 4/19/18 at 1:18 pm to shiner17
My guess is the large companies in Houston that hire accountants straight out of college are putting them into GL accounting for the first few years.
GL accounting is boring and sucks.
If you want to go work for one of these big companies, do 3 years at a Top 100 firm and come over as a senior doing something at least interesting.
Or... recognize there is an entire world of public accounting outside the very large firms.
GL accounting is boring and sucks.
If you want to go work for one of these big companies, do 3 years at a Top 100 firm and come over as a senior doing something at least interesting.
Or... recognize there is an entire world of public accounting outside the very large firms.
Posted on 4/19/18 at 1:19 pm to el Gaucho
The only people in accounting with a reasonable work-life balance are the clerks. Everyone else puts in 60 hour weeks minimum. All the good accountants I know work their arse off, work weekends, and love it. Even the ones in industry have very poor work/life balance, but I think you have to enjoy the work. It can get extremely stressful.
Posted on 4/19/18 at 1:21 pm to shiner17
Do public then switch to industry. You'll meet a lot of cool people that will help you for the rest of your career. You will also get some amazing training. You may even like it and stick around on the partner track.
This post was edited on 4/19/18 at 1:22 pm
Posted on 4/19/18 at 1:24 pm to shiner17
Just switched careers into accounting and started working for a small public accounting firm a couple months ago. People say the experience looks great, and it hasn't been bad so far.
Posted on 4/19/18 at 1:27 pm to Peazey
quote:
People say the experience looks great, and it hasn't been bad so far.
I'm in a no traditional group, I don't file returns or do audits, its more consulting, but I feel the same way. Some weeks I work 60 or more hours and am here on the weekends, others I don't work a minute over 40. I have a flexible work schedule and get a ton of time off. For what I get paid, the experience, and benefits it's actually pretty good I think.
Posted on 4/19/18 at 2:39 pm to lsu13lsu
So if I make senior in public, what job titles should I look for in regards to industry? Senior Accountant? Also, is it hard to get an entry-level advisory position at a Big 4?
I'm just trying to do some more research. Thanks for all the advice so far.
I'm just trying to do some more research. Thanks for all the advice so far.
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