First Job as an Accountant. Am I being screwed over or is this normal? - Page 2

  • This topic has 20 replies, 12 voices, and was last updated 12 years ago by Anonymous.
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  • #178052
    jnnthom
    Member

    I’ve tried asking people how much they make or what I should expect as an entry level accountant. I recently started working for a small firm doing various tasks from simple bookkeeping, to taxes, and consultation. I like the job and they’re very supportive about me sitting for exams. The firm will pay for my licensing fee, but that’s it. There’s no bonus for passing all the exams or a promise to a bump in pay. I did the math and I’ve realized I’ll be making around $25k a year (before taxes) with no benefits. That seems really low for the type of work I’m doing. I plan on being licensed by next spring. I signed a two year non-compete, because I need a job so desperately. Given that I have no prior experience in accounting, is this a fair wage or should I plan on doing my two years and working else where? What have others experienced as their first job in accounting?

Viewing 5 replies - 16 through 20 (of 20 total)
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  • #423440
    mla1169
    Participant

    Are you working part time or full time?

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

    Massachusetts CPA (non reporting) since 3/12.

    #423441
    jnnthom
    Member

    Full time

    #423442
    mla1169
    Participant

    $12/hr and no benefits? No, it's not worth sticking it out. You're correct that you'd be better off at costco!

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

    Massachusetts CPA (non reporting) since 3/12.

    #423443
    Anonymous
    Inactive

    Under no circumstances can a non-compete agreement prevent you from working for another employer. What it can do is prevent you from leaving and taking your firm's clients with you.

    #423444
    Anonymous
    Inactive

    azCPA2B – Is that a nationwide fact, or based on your research in your state? My non-compete agreement says that for 2 years after leaving my employer, I can't do any accounting-related work for any former clients of my employer, or work for anyone who does…so according to that, if my current boss pisses off a customer and they leave him and come to my new boss, I'd be required to either quit or have my new boss turn down the client. But, if what you've said is a nation-wide thing, then my current boss couldn't enforce the contract, since it prevents me from working for another employer…which would be great, cause I've been kinda worried about that clause. 😐 (Of course if I'd solicited the client to come to my new boss, that'd be a whole different deal…but I'm talking about just random-coincidence type thing! I make $9/hr no benefits, so definitely considering other options…!)

Viewing 5 replies - 16 through 20 (of 20 total)
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