Is the Big 4 Worth a $30k Potential Pay Cut? - Page 4

  • Creator
    Topic
  • #183734
    mystical guy
    Member

    I’m keeping this forum alive but I also have a serious question, so don’t get tired of me just yet lol.

    I recently was informed by a friend that his friend’s friend’s friend (not a typo), could “fix me up” with an industry job that pays about $80k/year, entry-level (Big 4 in my area, around $50k).

    However, some people suggest getting the Big 4 on my resume, then going to industry, to ensure that I survive out there. Plus, I can’t be sure that I’ll be supervised by a CPA in industry. I’d have to get lucky.

    Any thoughts?

    CPA - Since 2015
    CISA - Smashed 2012
    CIA - Passed 2015

Viewing 13 replies - 46 through 58 (of 58 total)
  • Author
    Replies
  • #516470
    fsugirl2005
    Participant

    @ mystical guy & teeteenounouche

    Thank you! I am a single mommy and work in the real estate industry full time as a full charge bookkeeper. I enjoy it a lot and my work hours are flexible. When I first started the business, I took on a lot of new clients. Much of what I know today is from working on clients. When I started the business, I had just ended a temp position and I figured that was the perfect time to start the business. I hit the ground running and haven't looked back. I've done bookkeeping for retail, ecommerce, executive staffing, consulting, real estate development & property management, restaurants, dental office, an inventor, and even photography. Over the years, some of my former clients decided to find someone locally but I still have several I do on a regular basis. It's enough to supplement my income but not to get overwhelmed. Every now and then, I'll take on new projects. Now that I'm studying again, I won't be taking on new people.

    I got my first client online through a freelance website and I've been using the same freelance website to land clients for 6 years. It is a lot sometimes especially when I have my baby but I still manage to squeeze it all in and get to spend time with my boy. The awesome thing about this is I have one local client but the rest are all over the country.

    I'm so happy for you teeteenounouche that you're almost done. My advice to you mystical if you want to start a business is save up 6 months of your salary. Depending on your location, you may not have a hard time finding a client. If you find an industry to specialize in, that may be your “in”.

    Many people hate bookkeeping but I looooove it. I love the details and how a company works from the ground up on the financial accounting side. It gives you great insight because if you're asked a specific question about the financials, the bookkeeper is the first to really know. Of course once I pass the CPA exam, my ultimate goal is to become a Controller(maybe CFO) in real estate company/firm.

    GO NOLES!!!! =)

    AUD - 10/21/16 (75----07/2010 expired)
    FAR - 10/28/16
    BEC - 11/2016
    REG - 01/2017

    Using Gleim CPA Review, Ninja Audio, Ninja Book

    #516510

    Sounds like you're doing awesome fsugirl2005, thanks for the encouragement…I am trying to knock out FAR and it is a beast as they say…

    Do you mind sharing the freelance website…I would love the supplement my income once I am done with the exam…

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #516472

    Sounds like you're doing awesome fsugirl2005, thanks for the encouragement…I am trying to knock out FAR and it is a beast as they say…

    Do you mind sharing the freelance website…I would love the supplement my income once I am done with the exam…

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #516512
    fsugirl2005
    Participant

    Sure. I hang out at Elance.com. Watch out for those cheap skates though. When I first started out on there, my rates were painfully low so I could get my feet wet. I don't recommend doing that now though. Anyway, when I take on a new client, I don't charge less than $30/hr. Every now and then, I may go down to $25.

    AUD - 10/21/16 (75----07/2010 expired)
    FAR - 10/28/16
    BEC - 11/2016
    REG - 01/2017

    Using Gleim CPA Review, Ninja Audio, Ninja Book

    #516474
    fsugirl2005
    Participant

    Sure. I hang out at Elance.com. Watch out for those cheap skates though. When I first started out on there, my rates were painfully low so I could get my feet wet. I don't recommend doing that now though. Anyway, when I take on a new client, I don't charge less than $30/hr. Every now and then, I may go down to $25.

    AUD - 10/21/16 (75----07/2010 expired)
    FAR - 10/28/16
    BEC - 11/2016
    REG - 01/2017

    Using Gleim CPA Review, Ninja Audio, Ninja Book

    #516476
    mla1169
    Participant

    Yes, I graduated high school in 1987, and started working in consumer credit and collections in 1991. By 1994 I was doing collections and billing in the semiconductor industry. In 1996 I moved on to billing and receivables in a non financial auditing company. That company kept promoting me and moving me around to payables, international reconciliations, time and expense review, fixed assets, and ultimately staff accountant. In 2003 I went back to school while working full time and raising 2 kids as a single mom. Got my BS, then my MS, then my CPA. I accepted an accounting manager position at a small manufacturer in 2012 which is where I stayed until 2 weeks ago. So yes, 20 + years in industry.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #516514
    mla1169
    Participant

    Yes, I graduated high school in 1987, and started working in consumer credit and collections in 1991. By 1994 I was doing collections and billing in the semiconductor industry. In 1996 I moved on to billing and receivables in a non financial auditing company. That company kept promoting me and moving me around to payables, international reconciliations, time and expense review, fixed assets, and ultimately staff accountant. In 2003 I went back to school while working full time and raising 2 kids as a single mom. Got my BS, then my MS, then my CPA. I accepted an accounting manager position at a small manufacturer in 2012 which is where I stayed until 2 weeks ago. So yes, 20 + years in industry.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #516478

    Thanks fsugirl2005!! I will check it out in March, God willing 🙂

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #516516

    Thanks fsugirl2005!! I will check it out in March, God willing 🙂

    Florida:
    AUD: 73, 81! Thank you Lord!
    BEC: 73, 77! Thank you Lord! and WTB
    REG: 71, 82! Thank you Lord! and A71
    FAR: 72, 78! Thank you God and my Mommy in Heaven!

    CPA Excel, Ninja Notes & Audio, Wiley Test Bank, CPAreviewforfree

    #516480

    80K is a large sum of money for an intro level accounting position unless you are in NYC. Jeff pretty much summed it up perfectly. Get the offer(s) and then evaluate.

    MBA,CMA,CPA, CFF?, ABV?

    #516518

    80K is a large sum of money for an intro level accounting position unless you are in NYC. Jeff pretty much summed it up perfectly. Get the offer(s) and then evaluate.

    MBA,CMA,CPA, CFF?, ABV?

    #516482
    yourmomsaCPA
    Participant

    Just curious…what's the ultimate job's (OP's “someday” job he needs the big 4 experience for) salary?

    FAR - 87 2/18/14
    AUD - 84 4/2/14
    REG - 87 7/23/14
    BEC - 78 8/26/14

    I'm finally an *official* CPA - TX

    #516520
    yourmomsaCPA
    Participant

    Just curious…what's the ultimate job's (OP's “someday” job he needs the big 4 experience for) salary?

    FAR - 87 2/18/14
    AUD - 84 4/2/14
    REG - 87 7/23/14
    BEC - 78 8/26/14

    I'm finally an *official* CPA - TX

Viewing 13 replies - 46 through 58 (of 58 total)
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