<p>eastikop, here is some salary data for a top accounting firm, one which, based on supply/demand with the current economic conditions and competition, there is a 90% chance that a given student will have no shot at getting into:</p>
<p>That $58k is for an audit senior. “Staff accountant” is pulling in a cool $48k. By the way, there is a high likelihood of you getting fired from a job like that, because there’s so much competition to be the one making the $58k.</p>
<p>Here is a forum filled with losers who can’t get jobs. I’m pretty sure it’s just like the same 10 people though, but just to give you an idea of how far one can fall:</p>
<p>Someone needs to play devil’s advocate with the way taxguy and company tow the line.</p>
<p>In addition, most other things you have heard are a lie. Statistics are the easiest thing to manipulate and people will always tune in for a story about careers/job opportunities on the news, or for that matter on the front page of yahoo every single day.</p>
<p>OMG…Whistle, you are comparing the salary of the accountants who have only a bachelors degree. In my state, NY, the starting salary for the CPA is 70,000$ (as you called them newbies). I know a lot of people who do not even have a Masters or any advanced degree, and they make way more than 100,000, by just having a CPA designation. And why do you all compare surgeons to the average accountants? Lets compare Partners and CEOs to Nurses :). Do NOT compare business field and medical field at all. Usually, people in business earn more money than doctors; doctors have a salary ceiling, but people in business don not, especially people in accounting and finance. As I know, Partners can oficially earn up to one million, or even more, and if you look at CEOs of the big companies, they might earn millions. Do not forget that 90% of CEOs have a backgroung in accounting. There are much more accountants than surgeons out there, and because of that- average lies.</p>
<p>Whistle, “It’s the top 10% of the accounting profession who are making the $58k while the surgeon is in med school. The $58k is a great scenario for a young CPA these days.”</p>
<p>Again, it is a salary of an accountant with only a Bachelors degree. (no CPA) Even my accounting professor, at college, earns more than that.</p>
<p>Jonahrubin, why are you such an ignorant ******?</p>
<p>Starting off as an accountant does not mean you’ll stay as an accountant for the rest of your life. Some people choose to do that, but many other transfer to industry (banks or F500 companies) and assume upper level management/finance roles.</p>
<p>Why does your anecdotal evidence trump the data of an anonymous website (with a large sample size)? Is it because you want to be right?</p>
<p>Okay, I just skimmed your post, and I just say the thing about CEOs. You are pulling these figures directly out of your arse. Here you go, someone made a slide show for you:</p>
<p>I guess that we need an objective opinion from someone else, in order to find the truth. I did not make up that the majority of CEOs have a background in accounting; it is writen almost everywhere, and there is no need to believe in someone’s slideshows. Buy the way, I do not know any professor who have a PhD in accounting personally, however, those people I know have a Masters degree and CPA, and it is enough for them to earn more than 100,000.</p>
<p>Seriously, I can’t believe how badly you want to be right. Show me one place where it’s written that that many CEOs have accounting backgrounds, buddy. </p>
<p>Wowlol123,
I thought you can retake classes only if you got Fs in them. Does your University allow you to retake classes, where you got anything above an F? If yes, then it is better to do it before you graduate, to see if you really need to improve your GPA.</p>
<p>Too many people graduating in the next few years with accounting degrees due to the dumb*** media making it seem like getting an accounting degree means total and absolute job security for the rest of your life. The supply of accountants is going to be way too high the next few years. The same thing is happening with nursing, although I think they will be slightly better off. </p>
<p>Personally, I’m going to be trying to do whatever will get me the skills that are in the highest demand while avoiding majors that are “hot” or popular. For me that means a double major in MIS and economics with a double minor in math (possibly a second bachelors) and computers. But don’t tell anyone. Gotta keep the supply down.</p>
<p>I posted a while back about my son’s recruiting with the Big 4. He’s done now, and has gotten offers from 3. Now, he has to make the decision as to which on to accept. </p>
<p>He is extremely torn because each has positives and negatives. Two of them have better client lists in the field he’s interested in pursuing, the other has a weaker client list but he has a better opportunity to choose which account he wants to be put on, and he has allies in important positions.</p>
<p>He was told by one senior partner to forget about all the recruiting nonsense, the wining and dining, and figure out which company is going to put him where he wants to be in 10-15 years, that now he needs to be thinking long term. </p>
<p>He’s planning on meeting with some family friends in the industry to get some insight. He has to make his decision in 3 weeks time.</p>
<p>He is finding that they have very different things to offer, one is a powerhouse in the industry he wants to do audit for, having all the big hitters as clients, another has fewer big companies, but many smaller in the production side, the last has no big companies, but has cornered the market on the subsidiary/supply side of the industry. Those 3 different scenarios would make his future play out in 3 completely different ways.</p>
<p>Perhaps the climate in terms of politics and survival are the same at all 3, but the type of work he will end up doing in each instance is very different, as are his future possibilities of employment opportunities with the clients.</p>
<p>Whatever, he’ll figure it out. He has 3 great choices, he just needs to choose which is best for him in order to fulfill his career aspirations (and hopefully, he makes the right choice, I’m staying out of it).</p>
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