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    Accounting The New EY pitch

    October 22, 2020

    Accounting The New EY pitch

    The New EY pitch

    Posted: 22 Oct 2020 02:52 PM PDT

    Just got a full-time offer!!!!!!!!!!!!!!!!!!

    Posted: 22 Oct 2020 01:21 PM PDT

    I'm sorry if this is like the 100th "I got the job" post this month but I'm just so damn excited! It's for a large but non-big 4 firm in Chicago and they were my top choice. I'm so happy and relieved. I went back to college 4 years ago, changed my major from political science to financial accounting 2 years ago, transferred to a 4 year school in January, didn't even do an internship, and here I am. Now I just gotta finish my degree.

    submitted by /u/blue_flavored
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    Oh boy, do I have some bad news for you

    Posted: 22 Oct 2020 04:02 AM PDT

    Big spike tonight

    Posted: 22 Oct 2020 07:07 PM PDT

    Apparently my work is always late.

    Posted: 22 Oct 2020 07:03 AM PDT

    KPMG Firm-wide webcast summary:

    Posted: 22 Oct 2020 10:13 AM PDT

    Ten years ago today I graduated from university.

    Posted: 22 Oct 2020 11:39 AM PDT

    And I finally made it. I just got to a Controller level position and been here a month. Life for the most part has been great. Things have started out slow but they have been progressing pretty quick in my new job. There were times I really didn't think I would make it. It was certainly very tough, I had a few false starts in my career but eventually turned it around. I have posted here under various names looking for advice and it has come very useful in my career. Thank you.

    Buckle up, it's a long career history. Located in Canada not in Ontario or Alberta. Have my CMA, CPA. All my jobs are in order of title, salary, length, and year which worked

    Job #1 -- AP Clerk, $32k/year, 2 months, 2011. My first actual accounting job after leaving hotel night audit was for a hotel company that no longer exists, and its reason was very evident after I left. I joined the company while it was in a state of turmoil and I was desperate to get out of hotel night audit as the job was brutal and the culture was toxic -- unions do that to you. Not long after I got hired they bring in a new Controller from the IT industry who was absolutely useless. Every question I had for her was answered with "that's unusual, let me get back to you" or "Let me email (blank) in corporate". She couldn't even reconcile the bank account. Combine that with the GM being a drunken disaster meant I was going to go quick. I got let go after 2 months.

    Not even 2 years after I left, corporate caught on to the shenanigans and fired a bunch of people including the GM. The Controller left before she got fired too, she bounced around a bunch of different positions each lasting no longer than 18 months. Last I heard, she's working for the feds in an Intermediate role for the past couple of years

    Job #2 -- Accounting Clerk, ~$35k/year, 1 year. 2012-2013. Still managed to move up to an Accounting role even after getting let go from my last job. I was unemployed for 5 months and picked up this job by chance at a horse race track. Manager needed a bartender and when I told him I did Accounting he hired me there as he needed help and a wage subsidy was available. It was a good job and I learned a lot of life skills at it as I didn't just do Accounting work...pretty basic bookkeeping stuff like AP, AR, recs, JEs, etc. Boss is a good guy and he's still a friend of mine to this day. People were decent except a couple of very shady people and another girl who was flat out lazy but would freak out when it somewhat got busy. Due to profitability issues, boss advised me to find something but kept me on as long as possible.

    Job #3 -- Project Accountant, $50k/year, 10 months. 2013-2014. Joined as a Project Accountant on contract in the commercial construction (fabrication) industry. Was a really cool job learning about the industry and everyone I worked with, for the most part, was great. I had a CMA as a boss and she was kind of a mentor to me, taught me a lot of things outside my normal job scope but I would need to know when I got my designation. Long hours, but well worth it.

    Unfortunately, organization wasn't her strong point, plus she often butted heads with long serving/senior employees. Militant management style is the best way I could describe her. She got fired while I was writing my CMA exams. They brought in this new guy who seemed cool, but let everyone go in the Accounting department, including me, so he could bring in his own staff. Left a bitter taste in my mouth after busting ass for so long. I was out of work for 8 months, found out my girlfriend cheated on me too right before I got let go. One of the darkest moments of my life. Closest I ever was to getting out of Accounting.

    Job #4 -- Accountant, $38k/year, finished at $45k/year, 1 year. 2014-2015. Took a paycut to join as I needed my CMA hours to get my designation at a place that owned nursing homes. The work wasn't bad and was pretty easy after I got everything caught up by the 4th month. Now that i finally was in a position where I had better access to the financials, I could really see what was going on, learn to analyze, budget, make recommendations and such.

    Even with the raise, I felt I was underpaid for what I did. I was also treated poorly by management -- it was common for older senior employees to leave at 4:30 because they had kids, but because I didn't and wasn't married, I was expected to stay late. Fuck that, especially when I worked over the weekend to get financials caught up for a company that had to be done by 8:30 AM Monday, and she didn't touch them til the next day. I started dating, what eventually now became my ex-wife and she was looking to make a move, so I followed..

    Job #5 -- Junior Accountant, $62k/year + 10% bonus, 2.5 years. 2015-2018. Took a drop in title, but a massive raise and a big move to come to a resource company. Looked promising, 5k+ headcount, billions in revenue, lots of opportunity. Excited for the first time in awhile.

    Sadly that disappointment wore off quick. I got put on a crappy team, including a senior who was extremely rude to me, provided little to no training/guidance. Super niche area so I didn't learn much. Promises of promotion and change never materialized. A lack of respect from others left me very frustrated. I eventually did join another team, but the dye was already cast and I knew my days at the company were numbered after getting on a PIP. A lot of people my age left for similar reasons so I decided to start shopping myself when my gf at the time wanted to move. I started applying where she wanted to work and got another offer.

    Job #6 -- Senior Accountant, $60k/year + 10% bonus. 2 months. 2018. Took a small paycut to go here due to market conditions and working at a start-up. CFO seemed nice and really sold me on the job. Unfortunately, I found out he lied about a few things...seriously, don't lie about revenue numbers or about not being able to pay me more when I have access to the financials and budgets. CFO was work-from-home, super unhelpful. provided little guidance, and corporate wasn't much better. I should have known something was up when a friend of mine passed on being offered the CFO job and the company was sued and lost for wrongful dismissal and lost...sadly found out after the fact. Eventually got let go, and had to strong arm them into giving me severance pay despite being in my probationary period as they lured me from stable employment and already lost a wrongful dismissal suit in similar circumstances.

    Job #7 -- Senior Accountant, $65k/year + $5k bonus. 2 years. 2018-2020. This was when I really felt my career taking off. I landed in another resource based job and I had a good senior management team to learn from. Started on contract, became permanent 4 months in. I had a director take me in as a mentee and started teaching me important skills for advancing (metrics, understanding the business, etc.). He gave a shit about my development which I never experienced anywhere else. Long hours at first, but I didn't mind where I was long distance with my fiance at the time.

    Lots of change was occurring and I got to learn so much in new systems, methods, excel, etc. I was taking on increasing responsibility, but things started unravelling slowly. I found out they brought a guy on to the team permanent out of the gate paying $20k/year more than myself. I was fixing several mistakes in the P2P process and found out some people got paid way more who were making said mistakes. The straw that broke the camel's back was when I found out the CPA student was making $3k/year less than m even though I had way more experience and a CPA under my belt. I asked several times for raises but nothing came. Wasn't long separated from my wife and I badly needed a change.

    Job #8 -- Controller, $95k/year + bonus TBD. Here I am now. Much happier after a huge raise and met my goal of making manager by 35. So far so good.

    Tl/DR:

    • Job #1 -- AP Clerk, $32k/year, 2 months, 2011.
    • Job #2 -- Accounting Clerk, ~$35k/year, 1 year. 2012-2013.
    • Job #3 -- Project Accountant, $50k/year, 10 months. 2013-2014.
    • Job #4 -- Accountant, $38k/year, finished at $45k/year, 1 year. 2014-2015
    • Job #5 -- Junior Accountant, $62k/year + 10% bonus, 2.5 years. 2015-2018.
    • Job #6 -- Senior Accountant, $60k/year + 10% bonus. 2 months. 2018.
    • Job #7 -- Senior Accountant, $65k/year + $5k bonus. 2 years. 2018-2020
    • Job #8 -- Controller, $95k/year + bonus TBD
    submitted by /u/haveakahlua
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    Especially those people who are just so chirpy in the mornings.

    Posted: 22 Oct 2020 02:43 PM PDT

    How it feels sometimes

    Posted: 22 Oct 2020 04:12 PM PDT

    CYA - just do it

    Posted: 22 Oct 2020 03:17 PM PDT

    Title speaks for itself - but seriously. You want one of the most valuable pieces of advice for your career? Learn to cover your ass.

    Case in pointRight now I'm less than 6 months into a new gig in ops accounting. One of the presidents I work under is sitting on a molten hot seat. We submitted Q4 projections based on Q1-3 performance at the end of September. Now that we're mostly through October, we're coming up way short on hours. As in we'll probably roll up to 2/3 of our projections.

    To put it lightly, boss is sweating bullets. Because I was the one that compiled a lot of the data and it was all put together on my computer, the mother fucker has decided I fucked something up and the solution to his problems is that "this wasn't a field driven projection, accounting made up the hours". In his mind, the light at the end of the tunnel is a bus he's about to drive right over me to save his ass. Fun fact though - I save all of my emails, including my final version of the budget file AND his feedback, which has zero mention of what he's now calling the area I fucked up.

    Every email is saved. Every iteration of I've sent out is documented. Every piece of feedback, every question, every explicit and implicut approval is in black and white. So if he decides to throw me under the bus, I'm ready to send it back over him.

    submitted by /u/see-bees
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    This is why I’m telling all the recruiter I want an internship in audit.

    Posted: 22 Oct 2020 02:09 PM PDT

    Exact representation of my time spending

    Posted: 22 Oct 2020 10:31 AM PDT

    When you don't nail down that industry job before busy season

    Posted: 22 Oct 2020 07:23 PM PDT

    How Do I prepay my taxes?

    Posted: 22 Oct 2020 06:42 PM PDT

    I just got my first full time offer. If I can do it so can you!

    Posted: 22 Oct 2020 10:21 AM PDT

    Just got off the phone with a campus recruiter and got my first ever job offer at a relatively big firm! I never had the best GPA and barely got A's in my upper level accounting courses but I still did it. To anyone who needs to hear this. You got this. You're smarter than you think. Be yourself!

    submitted by /u/WaterSandwiches
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    GOT ACCEPTED TO PwC TAX 2021 [CAN]

    Posted: 22 Oct 2020 03:10 PM PDT

    Honestly I don't have anyone in my life that really knows anything about accounting so I just wanted to share on here because I am very happy and excited - I got accepted to PwC for the September 2021 tax CPA program and I honestly couldn't be more effing excited !! I graduated approx. 3 years ago with a bachelor of fine arts (lmfaooo) and when I started going to school for accounting I never excepted that'd I'd actually be accepted into Big 4 like holy shit guys

    Ok that is all thanks for reading :)

    submitted by /u/No-Travel8846
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    OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company

    Posted: 22 Oct 2020 06:30 PM PDT

    Got an internship offer from RSM

    Posted: 22 Oct 2020 02:36 PM PDT

    Ya'll, I'm so excited for this. I ended undergrad with an econ B.A. and that didn't help me get a meaningful job remotely related to my major. It's fucking depressing. I enrolled in a masters of accounting program in January 2020 (2 year program), and I got an internship offer today for summer 2021. I'm fuckin excited to see my education actually paying me back finally. Just wanted to share this with ya'll. The memes here help me get through my program lol.

    submitted by /u/Mythirdusernameis
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    People who are assigned to inventory calls should get hazard pay

    Posted: 22 Oct 2020 12:53 PM PDT

    If we really are essential workers and must protect the economy by doing inventory counts, gimme hazard pay

    submitted by /u/ksuvuelalfusuwnsl
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    Which interviewer has more say in deciding who gets offers?

    Posted: 22 Oct 2020 07:25 PM PDT

    Hi, I was interviewed by a senior manager and a partner. Kinda stumbled with my behavioral answers and didn't do my best with the senior manager cuz he didn't smile at all and I got kinda nervous. The interview with partner went much better because it was more conversational. Which one has more influence in terms of opinion than the other? Thanks

    submitted by /u/WhySoSiriuss
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    Finally a tickmark that says how I’m really feeling about a compliance exception. Monotype Sorts - CAPS + N is now my new spirit animal sorry Sugar Bear

    Posted: 22 Oct 2020 10:27 AM PDT

    Good career route for those without super high aspirations?

    Posted: 22 Oct 2020 08:32 PM PDT

    So, I'm very much not a competitive Type A personality. I've tried doing that sort of thing before in life, and I just can't hack it. Career and money just aren't that important to me. So long term, I have a goal of working the standard 40 hours/week (I can handle occasional overtime, but not a ton), I'd like to eventually earn lower 6 figures, but I'd be content on like, 70-80k, and have free time for the things I actually care about (like weightlifting, playing music, spending time with friends, etc). So, what would be the best route, skip public and go straight into industry?

    submitted by /u/pm_me_some_kitties2
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    First Week @ Big 4: COVID Edition

    Posted: 22 Oct 2020 06:39 PM PDT

    Started at b4 at the end of September, did weird trainings for 2 weeks with breaks every half hour and then got thrown on to a 10Q on a notoriously annoying client (I interned there for busy season last year). I have been on until 8-9 every night (pls don't gatekeep me I know that's not terrible). On my first day, I was the only one in a dress shirt. I have since downgraded to sweatshirts. I've met both of my seniors significant others already via zoom. They haven't mailed any more kool-aid to my house yet but I'll keep my eyes peeled. Share your experience below, or just roll py whatever

    submitted by /u/sippinboof
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    I feel like a loser

    Posted: 22 Oct 2020 06:32 PM PDT

    I see so many people are doing so much better than me

    There are people my age who already have net worth of 180 million or they are partners already or high positions

    And I feel like I'm underperforming in life

    F

    Why do some people just got it? They get promoted fast, they do so well in career and I'm always slow when it comes to progressing

    submitted by /u/Illustrious_Race_621
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