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re: Accountants of OT: Public or Industry?

Posted on 4/19/18 at 6:50 pm to
Posted by shiner17
Lone Star State
Member since Jul 2017
445 posts
Posted on 4/19/18 at 6:50 pm to
quote:

Public for 5 years at least then industry. The people that went straight into industry with be reporting to you


So it seems the consensus is to try to make Manager at a Big 4, then jump to industry.

Do the Big 4 in Houston all have pretty much the same reputation, or is there one you recommend?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37542 posts
Posted on 4/19/18 at 7:40 pm to
quote:

Do the Big 4 in Houston all have pretty much the same reputation, or is there one you recommend?


The cultures are a little different at each firm, in my opinion. One isn't necessarily better than another, just different. Just find the one you think you're the best fit at and where you could see yourself working.
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5294 posts
Posted on 4/19/18 at 7:44 pm to
Accounting just sucks arse. I’d rather suck dicks for a living.

Use your accounting degree for something else in finance. Get into I-banking or PE or Trading. I know traders with degrees in english.
Posted by CharlesLSU
Member since Jan 2007
33653 posts
Posted on 4/20/18 at 9:51 am to
quote:

Do the Big 4 in Houston all have pretty much the same reputation, or is there one you recommend?


no....

PWC is known to be a harsher environment but they are #1 right now. EY is more of a warm fuzzy, employee-friendly Big 4 as is Deloitte. Not too familiar with KPMG.

I'd suggest EY then Deloitte.
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 4/20/18 at 2:01 pm to
My wife was PWC advisory NYC, got out as soon as she hit mgr. Went from 365 travel to 40 hours industry job making more in a low cost area.
Posted by Mudminnow
Houston, TX
Member since Aug 2004
34216 posts
Posted on 4/20/18 at 2:12 pm to
During certain times of the year the 90 hr work weeks will take their toll after a few weeks of doing that.

However, with PWC you can get in on a fast track and advance faster through the system. Then once advanced switch over.

I don't know much about accounting but my wife is one. Was making a good salary in Baton Rouge, not quite 6 figures. But in 4 years since moving to Houston has doubled her salary and works fewer hours.
Posted by nicholastiger
Member since Jan 2004
57285 posts
Posted on 4/20/18 at 2:42 pm to
Public is basically to get a variety of experience in several different industries. During busy season get ready to work a lot of overtime and weekends. Once you put your time in, most move on to industry or other sectors for a more normal work/life balance. Very few stay on the partner track.

A lot of times those clients you work for will end up leading to a job down the line.

With that said, you could also take an internal audit career path outside of public and move up the ladder through a company that way as well.
Posted by shiner17
Lone Star State
Member since Jul 2017
445 posts
Posted on 4/24/18 at 3:00 pm to
Bump to see if anyone else has opinions
Posted by BlackAdam
Member since Jan 2016
7274 posts
Posted on 4/24/18 at 3:41 pm to
I loved my time in public accounting. I stayed until manager, then went to industry for a while before completely changing careers. I wish I had stayed til senior manager in hindsight.

I was in an advisory practice, so i very rarely worked more than 60 hours in my 6 years. I did get pulled onto a few audits and worked in excess of 100 hours a week a few times though.
Posted by kfaulk03
Baton Rouge
Member since Feb 2007
1494 posts
Posted on 4/24/18 at 3:44 pm to
Gonna have to say hard pass for all this.
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