- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: CPA's of the OT
Posted on 3/15/19 at 10:03 am to MisslePig
Posted on 3/15/19 at 10:03 am to MisslePig
quote:
It's a SOLID career. Not the most lucrative career but the money is very good and stable all the way through the career. I know people in high-level sales that make WTF money...I probably won't ever make that.
Job stability is amazing..I could go take a $%#$ on my bosses desk and have interviews for a similar job tomorrow.
It starts paying well and keeps paying well. Has the potential to be just as lucrative as anything else but you need luck, hard work, etc.
Hours BLLLLOOOOW. You need to be available A LOT. Especially the higher you go. Honestly, a lot of things suck about it but you don't work for your health. You work to live. It's good for that most of the time.
I don't know what you do or how old you are, but you are doing the wrong thing. Having a CPA should put you in a pretty high income bracket and should get you more than adequate time off.
Of course, that's after being a public slave for 3-5 years,but after that it's gravy.
0
Posted on 3/15/19 at 10:05 am to Bronson2017
quote:
Was getting your CPA worth it?
It was for me. It was a requirement actually, since I started out auditing for a national accounting firm (one of the big 8, back in the day). Once I left public accounting (many years ago) and moved to a corporate job, it became less important, but it certainly never hurt to have it.
Posted on 3/15/19 at 10:10 am to MisslePig
quote:
Hours BLLLLOOOOW. You need to be available A LOT. Especially the higher you go. Honestly, a lot of things suck about it but you don't work for your health. You work to live. It's good for that most of the time.
I work in industry & rarely have to put in more than 40 a week.
Posted on 3/15/19 at 10:14 am to Bronson2017
Worth it.
I'd recommend taking the part you think you will have the most difficulty with first (REG for me since I work in Audit), because nothing sucks more than getting a 74 on your final part when the credit on another part lapses.
Once you commit to studying, just keep pushing through all of the parts. I put off studying for a few months after passing my first part (AUD) and ended up in the situation above where I didn't pass all 4 parts in the 18 month window and ended up having to retake a part (AUD) I had already passed.
I'd recommend taking the part you think you will have the most difficulty with first (REG for me since I work in Audit), because nothing sucks more than getting a 74 on your final part when the credit on another part lapses.
Once you commit to studying, just keep pushing through all of the parts. I put off studying for a few months after passing my first part (AUD) and ended up in the situation above where I didn't pass all 4 parts in the 18 month window and ended up having to retake a part (AUD) I had already passed.
Posted on 3/15/19 at 10:15 am to Bronson2017
quote:
I’ve got my accounting degree but I need three more classes to sit for the CPA exam.
Good luck to you brother
Same to you. I got my accounting degree about 5 years ago and am in audit now, so I'm going to be reteaching myself everything once I start studying.
Posted on 3/15/19 at 10:16 am to Bronson2017
quote:
Getting the actual accounting degree was tough but still doable as long as I put the time in to study.
What was harder? Addition or subtraction?
Posted on 3/15/19 at 10:18 am to Bunta
quote:
I got my accounting degree about 5 years ago and am in audit now, so I'm going to be reteaching myself everything once I start studying.
Prayers sent. Everything you learned in school no longer applies for the most part
Posted on 3/15/19 at 10:20 am to Bronson2017
Yes, it was worth it. It isn't that hard if you focus for a few months and don't let anything distract you.
Posted on 3/15/19 at 10:30 am to Bunta
quote:
I got my accounting degree about 5 years ago and am in audit now, so I'm going to be reteaching myself everything once I start studying.
I started studying 7 years after I graduated and it was a miserable experience. Also got a 74 on BEC and AUD just to make it even more miserable.
Posted on 3/15/19 at 10:35 am to Phate
quote:
Also got a 74 on BEC and AUD just to make it even more miserable.
My 74 on REG was about the most demoralizing grade I had ever received on any test. I went from thinking I would be completely done to having to take 2 more parts.
My first kid had just been born and I was all ready to be completely done with the exam. Had I passed, I would have been done, but with the 74, I ended up having to retake REG and retake AUD, since my AUD credit lapsed at the time of the score release.
Posted on 3/15/19 at 10:37 am to Bronson2017
Yes it’s an immediate credibility boost and basically every corporate senior staff position or above is going to say CPA preferred if not outright required
Posted on 3/15/19 at 10:43 am to Rusty Scroggins
quote:
Prayers sent. Everything you learned in school no longer applies for the most part
quote:
I started studying 7 years after I graduated and it was a miserable experience. Also got a 74 on BEC and AUD just to make it even more miserable.
This post was edited on 3/15/19 at 10:44 am
Posted on 3/15/19 at 10:44 am to Bronson2017
My buddy Mingo got his and works for a Big 4 firm, he claims its worth it
I guess it just depends on what career you want to take and if you really need it
I guess it just depends on what career you want to take and if you really need it
Posted on 3/15/19 at 10:47 am to Bronson2017
Why go through the trouble of getting a degree and not complete the loop?
Posted on 3/15/19 at 10:49 am to Bronson2017
It depends on what you want to do, but if you plan to take it, do it ASAP. I know plenty of CPA’s who regret not doing it immediately after they had the credits.
I passed after failing audit twice. Got a job right away in medical sales. Made a shite ton of money for a few years then got sick of the travel. Started working for an old EA and brought in many of my former customers from my med sales job. He retired, sold me the business and it’s been a cake walk ever since. To be honest, I never really needed my CPA and that old EA probably still knows more than I do, but it’s not a bad thing to have.
I passed after failing audit twice. Got a job right away in medical sales. Made a shite ton of money for a few years then got sick of the travel. Started working for an old EA and brought in many of my former customers from my med sales job. He retired, sold me the business and it’s been a cake walk ever since. To be honest, I never really needed my CPA and that old EA probably still knows more than I do, but it’s not a bad thing to have.
This post was edited on 3/15/19 at 10:50 am
Posted on 3/15/19 at 10:53 am to Bronson2017
Being an accountant without a CPA is limiting career-wise. That’s true whether you are in public or industry.
A number of my Tax Director/Tax VP clients won’t promote employees without a CPA beyond a senior level. Some won’t promote beyond staff.
The only way to get out of having a CPA at Big 4 and still getting promoted is if you are a JD with bar admittance or if you are an economist focused in transfer pricing. Other than that, you’ll want that CPA.
A number of my Tax Director/Tax VP clients won’t promote employees without a CPA beyond a senior level. Some won’t promote beyond staff.
The only way to get out of having a CPA at Big 4 and still getting promoted is if you are a JD with bar admittance or if you are an economist focused in transfer pricing. Other than that, you’ll want that CPA.
This post was edited on 3/15/19 at 10:58 am
Posted on 3/15/19 at 11:13 am to Jorts R Us
quote:
The only way to get out of having a CPA at Big 4 and still getting promoted is if you are a JD with bar admittance or if you are an economist focused in transfer pricing. Other than that, you’ll want that CPA.
This isn't entirely correct, but as a general rule that is true.
Posted on 3/15/19 at 11:39 am to Rusty Scroggins
quote:
I don't know what you do or how old you are, but you are doing the wrong thing. Having a CPA should put you in a pretty high income bracket and should get you more than adequate time off.
I'm one step below CFO. My high-end sales friends made 500K last year...you make 500K? I'm not even close. This is the OT so I'm sure you do.
Don't get me wrong, when I got out of public accounting there was a sweet spot, easy work, easy time off...once you get higher up, you're 24/7.
Ever IPO a company? Good luck taking vacation for a year. But hey, maybe I'm doing it wrong.
This post was edited on 3/15/19 at 11:40 am
Posted on 3/15/19 at 11:44 am to Bronson2017
Got the degree, but never passed the test. Actually never took the test. I'd take it right out of school if I had it to do over again. I got into public accounting and worked mostly with construction clients. I'm now CFO of a construction industry company. I think the construction niche was what worked for me, so I'm doing fine without it. I would definitely recommend someone in your position just go ahead and get it done though.
This post was edited on 3/15/19 at 11:45 am
Posted on 3/15/19 at 11:45 am to Bronson2017
You want to advance at any firm you need it.
You want to file with your own shop you need it.
YES YOU NEED IT UNLESS YOU WANT TO BE STAFF YOUR WHOLE LIFE.
You want to file with your own shop you need it.
YES YOU NEED IT UNLESS YOU WANT TO BE STAFF YOUR WHOLE LIFE.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News