Originally Posted by Johnny_5
Do you guys feel that there are any other routes worth pursuing instead of the Big 4 after college and then moving to private accounting?
I'm in a little bit of a predicament. I transferred into my current college with a 3.6 GPA which did not carry over to my current school. After, working full time and taking some very difficult classes my GPA has fallen to a 2.92, .08 below what is required by Big 4. I am doing very well this semester and think I can break 3.0 again but I am trying to devise a "plan B" to cover myself, especially since I am about 15 credits from graduation.
Well obviously push the plan A. So you can't combine the GPA like we've talked about? Sucks.
There are obviously other ways.. But seriously, you REALLY want at least the 3.0 GPA for everything in general, trust me. Even if it takes staying for an extra semester or something. It's a cutoff for so many things. Are you going to have enough classes to qualify for the CPA by the way? Cause that matters too, obviously.
Originally Posted by bawlin
FWIW, my brother is a partner at one of the Big 4 and he absolutely hates his job, despite the prestige and mid-6 figure salary. I planned on becoming an accountnant myself and he basically sat me down and said "do not make the same mistake I did". Never looked back since...
This happens, I know people in this situation who are happy and make the best of it, and those who really do hate their job. Many factors, from the people you work with to your practice area and all that.
Originally Posted by millionaire75
Would love to hear why he hates it (most likely the hours I'm guessing). The thing about the profession is there are so many different types of accounting (working in public, regulatory reporting, budgeting/forecasting, line of business reporting, etc) and so many different levels of success (partner at a public firm, controller of large firm, bookkeeper, tax preparer, etc). It's hard to come up with one definitive answer on the industry. I've seen so many cases where you take two people (same GPA, same school, both CPA's) whose careers have gone in such different directions. So much of it depends on what industry you go into (if you leave public accounting, working for a financial firm usually pays the best for an accountant), what kind of manager you end up with and what kind of group you end up in (there is a BIG difference in many firms between top level corporate accounting vs line of business reporting). A lot of times this is just luck as you may not know what is the best group. A lot of public accountants who leave after their typical 2-3 years just go to the first job a headhunter offers them where they are making $20k more than in public. That all being said, accounting is a very safe job in general with "decent" pay. The downside is the work is very dry and the hours can be long. I know some of my friends in sales/marketing who can't even fathom that I sit behind a spreadsheet for ten hours a day while they are working 9-5 in jobs that allow them to go on client dinners, business trips, etc. Just my two cents...sorry for rambling.
This is all very true. I have at least 10+ close friends who are/were in public accounting and all of this pretty much applies. Also, the industry is just so damn weird sometimes - people wouldn't believe some of the shit that goes on behind the closed doors.