<p>You also know you don't have to be a partner when you have years and years of Big Four experience, there are many lucrative positions that one can switch to.</p>
<p>All the Engineering jobs are going to India and China. My friends works a LM as an engineer this year and they started him at 55K ,but they only get 3% raises. I start at 52k and get double digit raises.</p>
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All the Engineering jobs are going to India and China. My friends works a LM as an engineer this year and they started him at 55K ,but they only get 3% raises. I start at 52k and get double digit raises.
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<p>That is hilarious, btw. Two data points, awesome.</p>
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you guys do know that not every accountant makes partner, right?
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<p>So? Not every lawyer makes partner at Cravath. Not every investment banker becomes the CEO of Morgan Stanley. Not every doctor becomes head physician at the Mayo Clinic. Not every engineer becomes the founder of Google.</p>
<p>but, it seems sooooo easy</p>
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Why are some of the CPAs I know making 300K per year? Because they work at a big four for around 4-7 years and go partner at their own firm with others.
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I'm a CPA--and have been for 10 years--and trust me, the salaries can go considerably above $45,000 or even $60,000. Just go into a large corporation or move up to Manager or Senior Manager, or even Partner at one of the Big 4. I think the average partner's pay is around $300,000 per year
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One does not have to stay at the big four forever. After 3 years of work experience in the Big Four (with CPA), big companies will always be giving me sweet offers . Usually as a CFO or as a company controller
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If you work 10 years at Big Four, then you will most likely be a partner and you would make 600K+ guarenteed.
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We're talking about Investment Bankers who make millions at higher level, about Big4 Accounting Firm Partners who make more than most C.E.O.'s, and other highly paid business jobs.
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Moreover, accounting grads usually start off at between $45,000-$55,000 and can easily earn six figures quickly. Top partners earn in excess of $1,000,000 per year.
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How much do partners make in the big four? Upwards of millions?
How much are you making starting your own CPA firm after 5-10 years at the big four? 300-500K?
I'll take accounting any day of the week!
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<p>just look at all the monies!</p>
<p>Because money equals happiness.</p>
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BTW Im 21 and currently do not work, though when not in school and when i was in HS to current I worked in IT at merrill lynch. I still do during the summers and will this upcoming winter break
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<p>so if you have been doing this since HS, when did you ever have time to work at circut city? Not to mention that a circut city sales manager would not work 102 hrs a week. </p>
<p>And</p>
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yes it was intermediate accounting. you can say my school sucks but the WSJ doesn't think so in business rankings.
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<p>Reading this over proves you a down right idiot claiming intermediate accounting is a 200 level course. WSJ would denote you do go to U Buffalo and intermediate is in fact a 300 level course</p>
<p>accounting= math</p>
<p>math major= crunching numbers for life</p>
<p>Am bad at math.<br>
Therefore, I won't be an accountant.</p>
<p>^^^ Wrong, try again.</p>
<p>^Agreed. By the way Dawgie, I think I see you post on another board for accountants... Correct?</p>
<p>could you pm me this site</p>
<p>Accounting requires little math, if you can add or subtract and multiply, you can be an accountant (THEORETICALLY!)...</p>
<p>however it is very precise and tricky at times. I'm taking an accounting class in HS which is pretty much easy 100, but it gives me some exposure into the accounting world. :)</p>
<p>Yea I'm on the other one.</p>
<p>Accounting is more like Law than math.</p>
<p>anyone who thinks its an easy major is deluded.</p>
<p>dawgie stop dissing inroads son.</p>
<p>Why is it that each year there is some moron who, knowing little about accounting and business, chimes in with idiotic statements.</p>
<p>First accounting isn't hard: It is really hard! You don't have to take my word for it. It is a major that is designed to flunk people out. It always has been a weed out major from the get- go. They weed out kids in upper level accounting. They require 150 credits in order to take the CPA,which weeds out some who don't have either the stamina or financial wherewithall. Finally, they flunk about 90% of first time test takers on the CPA.</p>
<p>Someone said that math majors have much more sophisticated mathematics than found in accounting,which, according to them, makes math much harder. </p>
<p>This in somewhat in error because accounting isn't just about math. It is a combination of law ,which is a graduate level discipline and math. I can tell you that despite most law student doing quite well in college and being usually pretty sharp, they usually stay away from anything akin to accounting such as tax law. </p>
<p>I am not going to further the dabate on this. All I can say is that if you think that accounting isn't as tough in its own way as physics or math, take some intermediate accounting and tax law courses. It will straighten out your thinking very quickly. Also, just go to your bookstore and peruse the tax books and intermediate accounting texts. They are probably the thickest books in the bookstore second to Organic Chemistry.</p>
<p>Unlike that found in math, there is a tremendous amount of memorization of legal oriented material along side some sophisticated problem solving. Again, it isn't as sophisticated as solving math theorems or physics problems,but it is very hard in a different way.</p>
<p>Just for the record, I majored in accounting and minored in both math and physics. I know exactly what I am talking about.</p>
<p>taxguy, where did you do your undergrad from?</p>
<p>taxguy, I think the problem is our definitions are a bit different about what a "weedout" major is. There are several profs at my school who routinely fail 50% of a class. By routinely I mean that every class they teach, they fail 50%...meaning if they are teaching 5 sections of a class (30 people per) they will fail 75 people. I've heard of fail rates at the ~65% mark. :) Oh yes, that is how utter ridiculous engineering can be. </p>
<p>Maybe this is just my school? Perhaps. I doubt it though, at large state schools the curves are just brutal because profs love to seperate the talent.</p>
<p>Mr.Payne, the same can be said of accounting in a number of state schools.</p>
<p>i went to a decent state school. Was a psychology major. Decided to branch out and get a business minor in junior year. Took the two entry accounting classes. Now, these WERE weed-out classes. I was stuck with a bunch of freshman who were trying to make it into the business school in sophomore year. The teacher put crazy tricks on the tests - and the kids dropped like flies. Half the class was gone by mid semester. No one would share notes or participate in study groups. I thought it was horrible. I managed to get Cs after working my butt off. The funny things is that I really did understand the subject matter - but would routinely get tripped up by those crazy trick questions. Accounting is NOT easy. Finance courses can also be tough.</p>