Accounting RSM 2021 Compensation Thread |
- RSM 2021 Compensation Thread
- Family
- This sub has a lot of complaints because the toughest thing about this profession isn't the actual work
- I feel personally attacked.
- It ain't good for your health
- Alert the SEC! I found some fraud today!
- Burnout culture sucks
- The life of a senior. Anything else?
- Anyone else in Tax completely burned out after the last 15-18 months?
- im scared
- Performance Improvement Plan (PIP)
- Folks, I feel so good!
- A bit of advice for you overachievers:
- To an aspiring accountant, is anyone here passionate about being an accountant? What's your story?
- Advice for tax manager wanting out
- Is this website legit to get my certification?
- Questions about accounting
- Acting Senior wanting a raise
- Any advice on how to improve my audit career?
- Just first year things.
- I put in a full week's worth of work in 2 days
- The best way for an accountant to break into investment banking?
- AVG IQ: Did Anyone Here Pass the CPA & Barely Pass Accounting Classes in College?
- Is anyone else overly friendly to people?
| Posted: 07 Jul 2021 12:43 PM PDT
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| Posted: 07 Jul 2021 03:15 PM PDT
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| Posted: 07 Jul 2021 04:49 PM PDT No matter how complex the accounting task, given enough time and concentration, it can be solved eventually. It's the weird personalities, the toxic individualism, the "work hard, play hard" culture, etc. that really burns people out way before the actual work does. I remember crying once over a stupid $150 reclass because it meant I had to re-do hours worth of work on a weekend simply because somebody didn't make a change before close like they were supposed to. This was after months of people acting like we didn't work at the same company and their job was apparently done in a vacuum. I think people come here to vent because it's such a mundane and tedious profession that is made less fun with all the other external BS. In the service industry it's so transparent and justified why people are unhappy. In accounting it feels like you should be grateful but at the same time aren't really happy. [link] [comments]  | ||
| Posted: 07 Jul 2021 04:10 AM PDT
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| Posted: 07 Jul 2021 09:09 AM PDT
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| Alert the SEC! I found some fraud today! Posted: 07 Jul 2021 08:38 PM PDT
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| Posted: 07 Jul 2021 05:38 PM PDT Need to vent and felt like most in this sub will understand - I am so burnt out and exhausted I'm trying to find a therapist. My mental and physical health is shit, personal life is a mess, and work dominates everything. I wish I could just go to a more simple and less stressful job, but can't take the financial hit so I feel trapped. And then feel weird because I know I make great money and am lucky to have such a stable job. But like.... I feel like my life is being sucked from me and this is just miserable.... [link] [comments]  | ||
| The life of a senior. Anything else? Posted: 07 Jul 2021 08:20 AM PDT
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| Anyone else in Tax completely burned out after the last 15-18 months? Posted: 07 Jul 2021 08:13 AM PDT Between all the deadline changes (fed and state), new partnership requirements, COVID legislation, conformity issues with little/late guidance, the pandemic itself, fiscal year filers... I am just shot. I put the range of 15-18 months because about 15 months ago, we were already 3 months into a standard 2020 busy season before widespread COVID shutdowns were put in place. I heard at least one vet of the tax industry calling this 2021 busy season "the tax season from hell." It just didn't stop for the past year and a half. Looking ahead, I think industry, maybe even government accounting, is in my future. Something a little less volatile. [link] [comments]  | ||
| Posted: 07 Jul 2021 11:04 AM PDT
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| Performance Improvement Plan (PIP) Posted: 07 Jul 2021 10:39 AM PDT So just got the call from PwC today that I'm put on PIP. Meaning they will give me 60 days to "show improvement" or I'm gonna get axed. I've been planning on leaving the firm as soon as I finished my CPA anyway, so now I have 2 questions. My final exam is scheduled for 7/22 (results come back 8/7). And my PIP timeline ends on 9/7. Will I still be eligible for the CPA bonus if I pass my exam and apply for it by 8/7? Or do they not pay it to people on PIP? Is it better for me to put in my 2 weeks notice before the PIP deadline comes around? I'm not sure how it will reflect on me if future employers want to call PwC, or if future employers will call in the first place. It sucks to get the call, but I'm not entirely surprised. They haven't given me much work since busy season, and absolutely 0 coaching since then. I've been studying on their time for the past month or so and passed BEC and almost finished up REG. (As a side note, who needs grad school anyway? PwC is basically paying me a 65k salary as well as all my books and test expenses to get CPA certified. Definitely beats paying out thousands to learn stuff you could study on your own) Appreciate any feedback, thanks. [link] [comments]  | ||
| Posted: 07 Jul 2021 04:52 PM PDT I just took my final for my managerial accounting class, and got a 95%. We were allowed to use notes, but the most important part to me is that even though I'm slow, I actually understood what I was doing. I'm going to start my junior year in the fall and begin my upper level accounting classes. I know I'm just at the wee beginning but despite my extreme nervousness, I know I can do this. Class of 2023. BS in accounting. Oh yeah!!!! So much fun!! [link] [comments]  | ||
| A bit of advice for you overachievers: Posted: 07 Jul 2021 08:53 PM PDT
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| To an aspiring accountant, is anyone here passionate about being an accountant? What's your story? Posted: 07 Jul 2021 08:43 PM PDT A bit about me, I'm doing currently doing my bachelors degree and after completing and surprisingly enjoying an Income Tax Law unit (as well as the foundational accounting unit) - I've decided to change my major from Finance to Accounting. The theory interests me a lot, and I like the structure of accounting. My WAM is currently 77. I'm currently working full time as an Analyst in risk and reporting at a Big 4 Commercial bank in Australia, in the Corporate & Institutional division. I don't have a degree, but have worked my way through the bank and have worked on some pretty cool projects and across different functions (product launches and projects, process re-engineering etc). I stumbled across this sub and noticed there's a lot of nihilistic memes... Is there any one here that is fully passionate about their role? Whats your story? Would love to hear some positive takes and career paths / Also some bonus questions for anyone kind enough to give their thoughts on - What is the best way for me to transition into a big 4 accountancy firm? Should I just apply for a graduate program? Direct? Would my 6 years experience in projects, risk and reporting in a Commercial bank be helpful in my application? [link] [comments]  | ||
| Advice for tax manager wanting out Posted: 07 Jul 2021 09:14 PM PDT Is it just me or are things in public accounting really bad currently? I'm a tax manager at a top 10 firm….in my offices small tax department we lost 1 senior manager, 2 managers and 3 staff in the past 3-4 months. Work I try to delegate just sits because we have no staff and I barely get my own work done because I'm dealing with running fixed asset reports, answering client questions and state audits. I've never really gave up on anything in my life but I'm thinking it's time to give up on this profession. I'm not only extremely overwhelmed, I'm not engaged because I live every day feeling defeated and every day of vacation I use I feel guilty about since no one is there to back me. Recently my firm started throwing money at us but it doesn't even help. Any advice? [link] [comments]  | ||
| Is this website legit to get my certification? Posted: 07 Jul 2021 05:52 PM PDT So I'm in my final year to get my associates in accounting and my professor brought up that I should get certified in quick books and bookkeeping which my college doesn't provide the classes for. At least as far as I know. What I'm asking is I came across a website that let's you take classes to get certified in both fields and I want to know if it's legit cause I really don't want to get scammed out of my money. the website in question Please let me know if it is 🙏 Thank yall so much [link] [comments]  | ||
| Posted: 07 Jul 2021 07:15 PM PDT I'm seeing accounting as a possible career to explore in college, along side computer science. I am currently 16 years old and a dumbass. I am slightly lost on the google searches for the gist, so, I am very sorry for bothering and being ignorant. 1.) What classes do you need to learn it? Math, science? Calculus? 2.) General nutshell of what accounting is, the categories for it? 3.) What are the work hours? I'm somewhat half expecting work hours to start at eight am to 11 pm or something. 4.) How does college teach it? I am banking on it because my highschool is not specialized, it just has the general education stuff. 5.) Is it difficult to learn? I am prepared to put my blood, sweat and tears, not sure how the learning process goes. 6.) How much does it cost in college for a degree or some sort of major? At the end of the, maybe four years will it be, 100k or something? 7.) What is a CPA? Unrelated, but is it possible to do the gen education classes in community college then transfer into another college for the degree/major? [link] [comments]  | ||
| Posted: 07 Jul 2021 05:51 PM PDT So I am getting thrown into being the acting senior role. Which is fine I enjoy the responsibility. How do I approach asking for a raise since I'm doing more work? I'm a staff 2, but other staff 2s at the firm don't have the amount of work I have. [link] [comments]  | ||
| Any advice on how to improve my audit career? Posted: 07 Jul 2021 06:48 PM PDT I'm 22 and have been a staff auditor for 1.5 years. I'm currently pursuing my CPA as well. I did my 150 hours in two years and have passed one exam. I've done a lot of comps, reviews, and NFP audits, but I still have no clue what I'm doing nor understand a lot. I ask my senior a lot of question but she really isn't a good training. She is more of a here and go and doesn't explain well to me. I feel so stupid at work. Today I overheard her telling one of the partners that she feels she's doing all the work for the projects I'm on. I don't know if I'm just a super bad auditor, lack experience, or what's wrong. I put in the effort and am a hard worker. [link] [comments]  | ||
| Posted: 07 Jul 2021 12:43 PM PDT
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| I put in a full week's worth of work in 2 days Posted: 07 Jul 2021 08:59 PM PDT | ||
| The best way for an accountant to break into investment banking? Posted: 07 Jul 2021 10:55 AM PDT Since my junior year in university, there's only been one career path I've considered taking: get a CPA license, work at a big 4 for 2-5 years, then exit to industry. (I've already got a Big 4 internship secured, I just need to worry about the CPA now.) It's a cliched but solid plan, right? However, I've recently stumbled upon many threads about big 4 accountants, specifically auditors, who are looking for ways to break into IB, presumably because of the better pay and exit opportunities. Now I'd be lying if I told you I loved finance. I'd also be lying if I told you I loved accounting. The only reason I'm pursuing a full-time career as an accountant right now is because of the job security and above-average pay. All of my interests lie outside of the business world, and I know almost nothing about finance. But money is somewhat important to me, mostly because it could enable me to provide for my parents and future wife and kids. Now that I know IB can lead to jobs that pay substantially more than most, if not all, accounting jobs, I'd like to know how to make the switch. Unfortunately, the BB IB's that recruit at my school aren't looking for potential interns with my graduation date, so interning at one is out of the question, I think. If IB is my ultimate career goal, what would be the best path for me to take? I've seen Big 4 audit (1-2 years) -> Big 4 advisory/consulting/TAS/corporate finance (1-2 years) -> M7 MBA -> IB a lot but is this the only path? It doesn't sound very time-efficient to me and also sounds really grueling. So if it is, I might stick to my original CPA plan.
Looking forward to hearing what you all have to say! Thanks in advance. [link] [comments]  | ||
| AVG IQ: Did Anyone Here Pass the CPA & Barely Pass Accounting Classes in College? Posted: 07 Jul 2021 03:32 PM PDT Just curious if there are any success stories of bad test takers, average students, people that take a long time to learn things. I would think if one can complete BS Accounting degree they are probably intelligent enough to pass, but I might be wrong here. [link] [comments]  | ||
| Is anyone else overly friendly to people? Posted: 07 Jul 2021 10:03 PM PDT Accountant here. I'm just so friendly and decent to people, people often get sent into a trance. [link] [comments]  |
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