The "right" path to a big accounting career

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  • #194694
    Tcohle
    Participant

    For those experienced accountants out there!

    Is there a cookie cutter path to becoming a successful CPA? Like Big 4–>whatever firm you want

    I started out here in a small construction company doing accounting, then I’ll probably go be a staff accountant in industry, then I don’t know from there. I wanted to get into a CPA firm but I guess I don’t have the qualifications. Everyone wants either an intern out of college or someone who already has CPA firm experience!

    But I want to get into a big firm at some point and be a successful accountant!

    FAR- 5/11/15 76!!
    AUD-10/31/15 63, 84!
    REG-7/12/16 72
    BEC-8/31/15 75!! Perfect Score!

    Wiley CPAExcel Platinum
    Ninja 10 pt combo for FAR/AUD/BEC

Viewing 9 replies - 1 through 9 (of 9 total)
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  • #671575
    Anonymous
    Inactive

    The first thing I would tell you is that you don't have to be in a big firm to be a successful accountant. The second thing I would tell you is that if you know the big firm environment is what you want (even just as a springboard to something different), you may have to swallow your pride and start from the bottom, even doing an “internship” for a few months.

    I don't personally have any desire to work for a big firm. I've worked with enough Big 4 audit and tax teams in my 8 years in industry that I know I have no interest in that life. I'm exploring the idea of going to work for a smaller tax or consulting firm to learn how to run my own practice. All 8 of my years in accounting are in a niche area, and I think I could make some serious consulting money that way.

    But I know what you mean about Big 4 experience. I see a lot of job postings, even for the smaller firms, who are looking for Big 4 burn-outs/wash-outs, which kinda makes you think maybe it's worth just getting one year on the resume. But it's difficult (not impossible) to get a job there if you haven't interned there and aren't coming in from another big firm. Even if you were willing to start at the staff level and work your way up, the assumption is that if you're 5+ years out of school, and especially if you already have your license, you'll want more money than they'd have to pay fresh grads, so you may not even get an interview.

    #671576
    Tcohle
    Participant

    Yeah exactly! I'm only 2 years out of school but I already feel like I'm past that line where they could hire me. So I'm looking at staff accountant positions at like 55K to use as a possible stepping stone to maybe something better once I pass my CPA

    FAR- 5/11/15 76!!
    AUD-10/31/15 63, 84!
    REG-7/12/16 72
    BEC-8/31/15 75!! Perfect Score!

    Wiley CPAExcel Platinum
    Ninja 10 pt combo for FAR/AUD/BEC

    #671577
    spikesrd
    Participant

    Just be good at what you do and have a realistic expectation of what your skill set is worth. Everything else will take care of itself. There are also many different definitions of what “successful” actually means. Do you want to make six figures a year and work 65 – 70 hours per week (not counting weekends), or would you consider less pay for more free time? Not to say that you won't be able to have both in the right situation but there is usually some amount of trade off.

    “The reward for work well-done is more work.”

    BEC - 05/26/2015 77
    AUD - 07/27/2015 88
    FAR - 08/31/2015 80
    REG - 11/30/2015 73, 04/18/2016 80 Done!!!

    #671578
    Thrawn
    Participant

    Most successful accountants I know do not work in public accounting, because they realized public accounting is terrible for you and lacks work/life balance. But I guess definitions of success vary.

    BEC 87 Feb 14
    REG 84 Apr 14
    FAR 82 Nov 14
    AUD 86 Feb 15

    #671579
    spikesrd
    Participant

    Leave it to Admiral Thrawn to hit the nail on the head.

    “The reward for work well-done is more work.”

    BEC - 05/26/2015 77
    AUD - 07/27/2015 88
    FAR - 08/31/2015 80
    REG - 11/30/2015 73, 04/18/2016 80 Done!!!

    #671580
    Anonymous
    Inactive

    The most classic cookie-cutter route is to intern in B4 during college, get hired after college to start B4 the following fall, “do your time” there for 5 years or so, then jump-ship to a management position in industry (despite having NO work experience in industry) and bide out the rest of your time there trying to learn what you're supposed to do since you're in leadership with no experience of the work.

    OK, so my description probably shows that I don't think that's the best route. 😉 But that's the classic cookie-cutter model. I don't think it's the best route, though.

    I'd say the best route is to be a quick learner, have a strong work-ethic, and get a couple lucky breaks. I'm 24, have my Bachelor's and CPA, and am a Controller for a college with a scheduled 37.5 hour work week. We've been short-staffed for my 6 months here so I've been working longer hours, but still less than 60 hrs/wk. So, how'd I get here? Starting B4 at the age of 12? Nope. Went to a no-name school so that I could take classes online while working 2 jobs – enabled me to graduate debt-free, but I didn't even know B4 was common till I got on here, cause my classes were online and cheap so didn't have the accounting community around me. After graduating, I worked a year at a public tax accounting firm with 3 employees total, counting the owner. Then I worked for a year as an A/R clerk for an international company. Next thing I knew this Controller position opened up and I applied for it…and voila, I'm a Controller now, making a good wage (I'm in a very low COL area, so posting it wouldn't help since costs are so different here, and I don't generally post it anyway). Granted it's a very small college (about 1000 students, 300 employees), and we're in a rural community so it's not like a college in New York that would've had 10000 applicants with way more credentials than me. But, apparently the CFO and the Controller who was retiring saw potential in me, and now I'm here. I didn't take the conventional path, but I'm now living comfortably with a job that shouldn't usually be more than 40 hours/wk. Best part is, I've worked as a clerk, so I understand what our clerks are doing…unlike someone who does audits for 5 years then becomes a manager.

    So that's my path. It's not something that can be cookie-cutter followed, but it's evidence that cookie-cutter isn't necessary. You can get where you want to get on your own path. Just figure out what it is you want to get to. Is your goal to have good work/life balance or to maximize income? To have puzzles and problems to address all day long, or to have a routine to follow? To get a job close to where you live now (may want to consider ideal employers, if they're limited, like they are in my area), or to move somewhere exotic? Etc. Figure out what “successful accountant” looks like in your dreams, then make it happen.

    #671581
    Tcohle
    Participant

    Wow Lilla I love your story. I guess I just didn't know any better…I always say all I need is one company to give me a chance and they won't regret it. I work hard and catch on quickly.

    FAR- 5/11/15 76!!
    AUD-10/31/15 63, 84!
    REG-7/12/16 72
    BEC-8/31/15 75!! Perfect Score!

    Wiley CPAExcel Platinum
    Ninja 10 pt combo for FAR/AUD/BEC

    #671582
    Anonymous
    Inactive

    You've already got 1 company – the construction company – that took a chance on you and let you put accounting experience on your resume. Realize that you're ahead of where many people are and many people would love to be in your spot. If you work hard and catch on quickly, then you have what you need. Make it your goal to learn as much as you possibly can in your current position – become the expert on construction accounting and learn more about accounting as a whole in the process. It doesn't matter what your job is, you can always be learning something to help you in the future. You never know what's around the corner and what learning will be required for it, so learn everything you can now, and then you'll be ready.

    How's that saying go – “Luck is when preparation meets opportunity”?

    #671583
    acamp
    Participant

    There's no reason you cant get in with Big4 if you're interested in going that route. Apply to any and all positions, entry level to experienced hire. Depending on how may years of experience you'll start as entry level or “2nd year” which isn't all that bad, as the learning curve is quite steep the higher you come in at.

    Attend some networking events and see if you can find a way in. You don't need to make a best friend, but it helps if someone working with the firm is willing to pass your resume along to HR (not like they have to vouch for you, but more like someone willing to say “hey HR, I met this person at XYZ event and he/she is interested in interviewing with the firm”).

    I'll say my Big4 experience has given me tremendous exposure. My primary client is public (within the technology space) and between the public Qs, I perform audits of growing start-ups also in the technology space. You can amass a lot of knowledge quickly when you have a few clients per year that you're digging into.

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

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