<p>i would say this is rather normal for bankers and corporate lawyers. I can name a handful each that got worn out from their current path and ending up taking 200-400k drops in salary for their family</p>
<p>Gravitas your past doesn't equal your present. Would kiss Donald Trump's feet if he decided to give up all of his business ventures to work in McDonalds? Of course not. So don't praise people who give up Associate Level IBanking for entry-level accounting.</p>
<p>Who's praising "people who give up associate level I-banking job"?? What hat did you pull that out of?? </p>
<p>And "your past doesn't equal you present"? No, reaaally....I didn't know that.....ooooh what a revelation that is..oooh..</p>
<p>I'm simply saying, MOVE ON! I'll say it again, MOVE ON, it's the past. The guy made his decision. If you're going to laugh and continually question a decision someone made, who you know virtually nothing about, you've actually got much bigger fish to fry such as having to deal with your own lack of self-esteem. </p>
<p>And Donald Trump and McDonalds? Are you serious, what kind of stupid analogy is that?</p>
<p>In the corporate world it isn't much different. Why would such a brilliant guy stoop so low? He's obviously no fool with Princeton degree and IB work experience. I mean accounting is nice and all, but going from 5+ Years @ IB-> Entry Level Accounting is ridiculous.</p>
<p>hey can you guys summarize a few importantances and common aggreement on which major should I choose?</p>
<p>Dude, Gravitas3, give it a rest. You get way too worked up over a thread on a message forum. You need to move on. There are more important things in life.</p>
<p>in your constant ad hominem attacks you lost the point again...</p>
<p>The point is a 5th year ibanker from JPMorgan should be able to get a higher paying, less hour job in the corporate world. The fact that he did not proves you are either lying or that he did something incredibly bad in his previous job or he lied in the interview. Even if a 5th year banker would go into accounting for personal reasons, he wouldnt "start at the bottom" he would have the skills to get something better than a entry level job. You already tried to argue he didn't know accounting somehow, so I'll even ignore that point for now. </p>
<p>But the fact is, your story is bologna.</p>
<p>a 5th year banker for a BB can get a higher paying job with much less hours working in corporate finance in a Fortune 500 country or something similiar. I really don't understand how you can argue that a person would choose to make 1/4 of the money he could be making, while working twice the hours in a job like accounting, and not only that, but "entry level". If it was a job that had some sort of personal satisfaction (saving whales, ending hunger, w/e) maybe I could buy it, but not to crunch numbers all day. </p>
<p>Your infantile behaviour really makes me doubt anything you say, and I wouldn't be surprised if you are a current College Student trying to justify your career choice, making up fake stories.</p>
<p>"I sure hope you're a girl banana because if not, you're just about the biggest male crybaby I've seen on this board. I'll give you a pass if you're a girl because girls get all emotional and stuff. "</p>
<p>Gravitas comments in another thread...I seriously hope you are not an adult...Click on his name and then "other post by this member" to see some more gems by this "genius"</p>
<p>Yeah, mattistotle, I did notice his other posts.</p>
<p>I say "hehehehehe" and the guy goes crazy. I don't want to upset him too much. If he drops self-esteem bombs on me for laughing then there is no telling where he will go from there.</p>
<p>It seems like he has an inferiority complex. He snaps at everything.</p>
<p>Seems to me like this guy didn't leave IB by choice...</p>
<p>jnpn, DON'T SAY THAT!</p>
<p>You will incur the wrath of GRAVITAS!</p>
<p>There's no point to argue. The two are so different. To me, accounting is just boring and dull for the most part, especially when talking about the entry level tasks. I am not in accounting but one of my best friends talked about it a lot (including how boring it is). I also have two cousins as accountants, one for a production house in LA and one working as a tax director for a corporate firm (a CPA also with public accounting experience with Anderson a while back). Anyway, my friend already passed 3 sections of CPA and is working on the last one. It's an easy field to survive; there are plenty of jobs out there that are easy to find and there's almost nothing that will be over your head. There may be advanced stuff but you don't have to get into it if you don't want to. You don't really need good writing or communication skills either, at least for many positions out there (not sure about positions like CFOs though). There are jobs everywhere and there's always demand for accountants. CPA isn't rocket science and you don't have to be that smart to pass either. There's a lot of job security. If you are risk averse but want comfortable life and decent pay, accounting is one of the best things for you out there, as long as you don't mind boring tasks. IB is a lot more glamourous but it's a lot harder to get in and a lot riskier (you may not be able to handle the long hours, the culture, and the stress...)</p>
<p>
[quote]
CPA isn't rocket science and you don't have to be that smart to pass either.
[/quote]
</p>
<p>I really don't agree with this. That's just plain wrong.</p>
<p>It's not as hard as the pass rate suggests. You have to consider the caliber of those who take the test.</p>
<p>
[quote]
I say "hehehehehe" and the guy goes crazy. I don't want to upset him too much. If he drops self-esteem bombs on me for laughing then there is no telling where he will go from there.
[/quote]
</p>
<p>Hey, I'm not going crazy, I'm just pointing out the obvious. The truth hurts.</p>
<p>
[quote]
The fact that he did not proves you are either lying or that he did something incredibly bad in his previous job or he lied in the interview. Even if a 5th year banker would go into accounting for personal reasons, he wouldnt "start at the bottom" he would have the skills to get something better than a entry level job. You already tried to argue he didn't know accounting somehow, so I'll even ignore that point for now.
[/quote]
</p>
<p>Oh now I’m lying. What a cheap axx way to get out of this. How lame. And again, before you start making remarks about how the accounting field works, work there for a couple years and then you can start making remarks. You’re nothing but an ignorant fool. All I know is he graduated fr. an ivy league school and worked at Wall Street for 5 years. I also know that he knows a hell of a lot more about Wall St. than you or anybody else here, OK. Again, I’m going to point out the obvious you ignorant fool, where have you worked?? What have you accomplished?? </p>
<p>And stop inferring about what you might think he’s thinking or what’s gone on. AGAIN, YOU HARDLY KNOW DIDLY SQUAT ABOUT THE GUY. Do I need to repeat that. Boy, you’re worse than redsox, at least he didn’t infer to the depths you have. Maybe find a date this weekend or do something fun so you don’t spend most of your time pondering about this guy’s past. Get a damn life.</p>
<p>
[quote]
It's not as hard as the pass rate suggests. You have to consider the caliber of those who take the test.
[/quote]
</p>
<p>Have you taken the test to know if it's hard or not?? From the ignorance I've seen from some of the members here, I think I know the answer.</p>
<p>Sam Lee, whats your work experience, how do you know the CPA is not difficult?</p>
<p>Because I know people who passed and let's just say they were not top-50 school materials when they were younger. My friend that's gonna take the last part went to a tier-3 or tier-4 college.</p>
<p>How many top-schools have accounting anyway? Extremely small number of CPA takers have ever gone to top colleges. I took an accounting through UCLA extension (UCLA extension has a full-blown certificate program that fulfills the academic requirement for CPA exam if you already have a degree) and only one person scored higher than me in the class of roughly 60 students, depsite the fact I never did any accounting while quite a few already had working experience doing AP/AR/simple bookkeeping. The guy that scored higher than me was an engineer and pursuing some managment certificate for professionals in technical field.</p>
<p>
[quote]
The point is a 5th year ibanker from JPMorgan should be able to get a higher paying, less hour job in the corporate world. The fact that he did not proves you are either lying or that he did something incredibly bad in his previous job or he lied in the interview. Even if a 5th year banker would go into accounting for personal reasons, he wouldnt "start at the bottom"
[/quote]
</p>
<p>He very well would start at the bottom if he had not prior accounting experience. This shows that your are talking out of your ass</p>
<p>not being top 50 material when they were younger means what in terms of their intelligence? </p>
<p>Nothing, so what is the point of using that as your basis for how hard the CPA examination is?</p>
<p>Top schools that offer accounting to undergraduates
UCLA
Michigan
Virginia
Berkley
UNC
USC</p>
<p>That is what is great about this industry. They are not alum/prestige whores that are vying for your school name. If you have noticed many banks and consulting firms have started to branch out and some have nearly doubled their target school list.</p>