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Accountants: Do you like your job?

Discussion in 'Business, Careers & Education' started by longskate88, Dec 25, 2008.

  1. Viktri

    Viktri Well-Known Member

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    Jul 28, 2007
    Location:
    Vancouver, BC
    True, but $290K is nowhere near what your average CBV in public practice is making, unless they're a partner.

    yeah, I think that figure is too high. Where did you see it?

    It takes approximately 3 years to earn the CBV and most people going for it probably want to hit partner so you get more partner income represented by the average than CBV income.
     
  2. FidelCashflow

    FidelCashflow Well-Known Member

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    Location:
    Canada
    yeah, I think that figure is too high. Where did you see it? It takes approximately 3 years to earn the CBV and most people going for it probably want to hit partner so you get more partner income represented by the average than CBV income.
    They publish a salary survey every year on their website. I found it the other day through google, but can't seem to find it now. That was according to the 2007 Alberta survey. It's surprisingly detailed showing a salary breakdown every conceivable way (based on city, experience, other designations, sector, etc.) But alot of the numbers are massively over-inflated because there are a few business owners who hit it big that have CA's who are throwing the whole average out of whack. Plus I doubt your average CA wants to brag about a mediocre income.
     
  3. pwnzj00

    pwnzj00 Active Member

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    Mar 11, 2006
    Location:
    Raleigh,NC
    I'll be working as an Intern this summer for Deloitte in NYC. If anyone has questions regarding the interview or hiring process, I'd be happy to answer them.
     
    1 person likes this.
  4. itsallinurhead

    itsallinurhead Well-Known Member

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    May 27, 2009
    I will be working for PwC in Los Angeles so I will be glad to answer any questions about the process as well.




    One question though, I am going into the tax side of public accounting. I hope to move into the tax planning/asset management field.

    Good/bad/ok choice? Comments?
     
  5. Viktri

    Viktri Well-Known Member

    Messages:
    1,131
    Joined:
    Jul 28, 2007
    Location:
    Vancouver, BC
    I will be working for PwC in Los Angeles so I will be glad to answer any questions about the process as well.




    One question though, I am going into the tax side of public accounting. I hope to move into the tax planning/asset management field.

    Good/bad/ok choice? Comments?


    goodness of choice probably depends on your own personality
     
  6. Texasmade

    Texasmade Well-Known Member

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    Apr 26, 2008
    Location:
    Houston, TX
    I will be working for PwC in Los Angeles so I will be glad to answer any questions about the process as well.




    One question though, I am going into the tax side of public accounting. I hope to move into the tax planning/asset management field.

    Good/bad/ok choice? Comments?


    I've always heard the best group in tax is transfer pricing. Most people I know that went to tax, started out doing compliance work for a couple of years before they got a chance to move into tax planning/consulting.

    I work in audit so take what I said with a grain of salt.
     
  7. Flambeur

    Flambeur Well-Known Member

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    I've always heard the best group in tax is transfer pricing. Most people I know that went to tax, started out doing compliance work for a couple of years before they got a chance to move into tax planning/consulting.

    I work in audit so take what I said with a grain of salt.


    friend is in transfer pricing, he likes it.

    All the corporate/international tax people I know are doing exceptionally well.
     
  8. Johnny_5

    Johnny_5 Well-Known Member

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    Location:
    In the woods
    I have been told by a couple of people to avoid tax. Their reasoning is that since new tax laws are being passed and codes are changing so often you are never truly an "expert" at your craft.

    What is your take on this fellas?
     
  9. Texasmade

    Texasmade Well-Known Member

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    I have been told by a couple of people to avoid tax. Their reasoning is that since new tax laws are being passed and codes are changing so often you are never truly an "expert" at your craft.

    What is your take on this fellas?


    BS. Accounting and auditing standards change too.
     
  10. pseudonym

    pseudonym Well-Known Member

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    May 26, 2009
    Slightly off-topic, but somewhat in the vein of accounting/business.

    I'm entering college soon, and am particularly interested in finance/international business. Essentially, I would love to travel and do work abroad.

    However, I'm not exactly sure what to study. My college has a core class curriculum, so I'll have to follow that first. I'm still in high school, so I don't know much about this area, but if possibly, might someone share some light on this?

    Thanks.
     
  11. jkswiss

    jkswiss New Member

    Messages:
    4
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    May 26, 2009
    Whoa, what a roundabout way to find an accounting thread. I was looking for suit information on google due to me buying my first suits ever for interviews, then I was doing a thread search on "wet cleaning" because clothes feel stiff and itchy after dry cleaning and somehow this thread popped up in the search.

    I'm a senior at U of WA, concentration in accounting. Due to graduate in June next year. I think I'll have enough credits to sit for the CPA when I graduate due to the roundabout way I came to be an accounting major and from military school credits.

    Anyways, for the interns at the Big 4, what was the interview process like. What sort of questions did they ask you? What was your GPA and how competitive was it. It is REALLY hard to get an internship nowadays, no one seems to really be hiring. I know that the Big 4 are even laying off people and that some offers have been rescinded. Freaking doom and gloom in the financial world.
     
  12. itsallinurhead

    itsallinurhead Well-Known Member

    Messages:
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    Joined:
    May 27, 2009
    Whoa, what a roundabout way to find an accounting thread. I was looking for suit information on google due to me buying my first suits ever for interviews, then I was doing a thread search on "wet cleaning" because clothes feel stiff and itchy after dry cleaning and somehow this thread popped up in the search.

    I'm a senior at U of WA, concentration in accounting. Due to graduate in June next year. I think I'll have enough credits to sit for the CPA when I graduate due to the roundabout way I came to be an accounting major and from military school credits.

    Anyways, for the interns at the Big 4, what was the interview process like. What sort of questions did they ask you? What was your GPA and how competitive was it. It is REALLY hard to get an internship nowadays, no one seems to really be hiring. I know that the Big 4 are even laying off people and that some offers have been rescinded. Freaking doom and gloom in the financial world.



    My interview was all behavioral. There was two, one on campus and one in the office. They told me to skip the first one so I went right to the final round. Be prepared for every random question they could ask. I suggest taking a look at the Wall Street Oasis Behavioral Interview Guide.

    If you have any more specific questions, just ask. Which of the big four are you leaning towards?
     
  13. jkswiss

    jkswiss New Member

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    May 26, 2009
    Haha, whatever I can get!! EY has a pretty big presence in my school and I like their image the best. This is how I rank the Big 4 in the order I want to work for them..
    1. E&Y
    2. Deloitte
    3. PwC
    4.KPMG (Don't know what this stands for)

    But, I'd like to just get a job in the first place.
     
  14. pwnzj00

    pwnzj00 Active Member

    Messages:
    27
    Joined:
    Mar 11, 2006
    Location:
    Raleigh,NC
    Anyways, for the interns at the Big 4, what was the interview process like. What sort of questions did they ask you? What was your GPA and how competitive was it. It is REALLY hard to get an internship nowadays, no one seems to really be hiring. I know that the Big 4 are even laying off people and that some offers have been rescinded. Freaking doom and gloom in the financial world.

    The interview process is very straightforward. I applied online through my school's (Emory) job posting site last September. I was then selected by PWC and Deloitte to schedule an interview. KPMG and E&Y did not select me, not sure why. Anyway, the night before the interview, the company invites all the interviewees out to dinner where they meet employees and their interviewers. It's a really nice dinner and gives you the ability to interact with employees. Next day, you have your interview and it's strictly behavioral questions. They talk about your resume, and ask you some leadership related questions and ask about your courses. Nothing technical, like some of the Finance interviews where they ask all sorts of things (Annuity formulas, derivative strategies, etc). A lot of kids in my accounting courses interviewed, and I would say maybe 30-50% got internship offers from Big 4's. The rest ended up getting internships at other places. These are all undergraduate business school students I might add.

    GPA I applied with was like a 3.3 overall, but I had a really strong GPA in the business courses (Accounting, Math, Statistics) with like a 3.8, which I mentioned on my resume.

    Be optimistic, people ARE hiring. Just make sure you have a strong GPA, utilize all networking opportunities that come your way, and just stay positive. Talk with teachers, friends, family, anything to get your foot in the door. It's true that the Big 4 are laying off, but they wouldn't dare jeopardize their reputation in the minds of undergrads, so they continue to formally recruit on campus Nationwide.

    If you or anyone else have questions, career related or whatever, send me a PM.
     
  15. pseudonym

    pseudonym Well-Known Member

    Messages:
    1,116
    Joined:
    May 26, 2009
    Slightly off-topic, but somewhat in the vein of accounting/business.

    I'm entering college soon, and am particularly interested in finance/international business. Essentially, I would love to travel and do work abroad.

    However, I'm not exactly sure what to study. My college has a core class curriculum, so I'll have to follow that first. I'm still in high school, so I don't know much about this area, but if possibly, might someone share some light on this?

    Thanks.


    Bump. Anybody care to share some insight?


    Thanks.
     
  16. itsallinurhead

    itsallinurhead Well-Known Member

    Messages:
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    Joined:
    May 27, 2009
    Bump. Anybody care to share some insight?


    Thanks.


    I had the same aspirations and ended up leaning more towards accounting/finance.

    When I initially started looking at classes and I planned on focusing on econ/IR. This seemed like it would give me a good overview of everything.
     
  17. Viktri

    Viktri Well-Known Member

    Messages:
    1,131
    Joined:
    Jul 28, 2007
    Location:
    Vancouver, BC
    I have been told by a couple of people to avoid tax. Their reasoning is that since new tax laws are being passed and codes are changing so often you are never truly an "expert" at your craft. What is your take on this fellas?
    it is wrong IFRS is coming. Tax experts are experts because they keep up with the times. The rest of us keep up with as much as we can. also, applying tax laws and looking for... stuff... is what an expert does well.
     
  18. pseudonym

    pseudonym Well-Known Member

    Messages:
    1,116
    Joined:
    May 26, 2009
    I had the same aspirations and ended up leaning more towards accounting/finance.

    When I initially started looking at classes and I planned on focusing on econ/IR. This seemed like it would give me a good overview of everything.


    So did you take classes in Econ/IR?

    I have a gut feeling I'm not made for office jobs, after a disastrous internship last summer at a bank.
     
  19. Spatlese

    Spatlese Well-Known Member

    Messages:
    2,288
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    Aug 18, 2008
    it is wrong

    IFRS is coming. Tax experts are experts because they keep up with the times. The rest of us keep up with as much as we can.

    also, applying tax laws and looking for... stuff... is what an expert does well.


    Agreed. And as someone else wrote upstream, the tax people I know are for the most part doing quite well and in some cases enjoy their work much more than those in say corporate reporting.
     
  20. longskate88

    longskate88 Well-Known Member

    Messages:
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    Oct 4, 2006
    Location:
    San Diego
    So did you take classes in Econ/IR? I have a gut feeling I'm not made for office jobs, after a disastrous internship last summer at a bank.
    Do tell please, I'm thinking that might happen to me as well [​IMG]
     

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