Average starting salary for accounting graduate is ~$53,000? - Page 3

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  • #200567
    1dayatatime
    Participant

    I keep reading online that new accounting graduates should be expecting an average salary of $53,000, but nearly every place I look offers less. I’ve seen job opportunities as low as $35k and as high as $50k. Obviously Big 4 pays more, but I feel that if you didn’t start off in their internship or leadership programs by sophomore year then it’s a lost cause. Is the whole idea “accountants are in high demand and get paid well” that was fed to us a myth? Job listings for general business degrees seem to offer more, and those majors don’t walk away with any discernible skills. Please give it to me straight.

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Viewing 5 replies - 31 through 35 (of 35 total)
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  • #760842
    Anonymous
    Inactive

    Leglock..yep I was pretty high there..which is a selling point on my resume at least.I made next to nothing being i fought at 145..at the time the ufc only had 170 and up..and then 155 and up..its amazing to see all the people on the fight cards i was on in the UFC now.

    Monte Cox was my manager and i did some stuff for the scum bag Chad Bergemeir as well in Extreme Challenge. Then spencer did a lot as well manging wise. Montes got into some tax trouble and is headed to prison for tax fraud.

    Its funny I was 20 at the time I started getting PPV fights and could not see I just needed time to mature and grow into bigger fights and get experience along the way..I wanted to be in the UFC then not fight on small shows..I never knew Myles Jury would become who he was today nor would i know about koch..

    I kept being told to go to college have a good career..this was before 07/08 so funny how life works out when you think youre doing the right thing it sets you back. But one thing I learned from fighting which is applicable to all things in life is when youre getting hit..and hit hard..its better to keep moving forward into it then trying to run. I never really wanted to stop fighting it just turned into one of those things that I got busy with life and had no place to train at..Now at 30 not much point in trying to make a comeback.

    Who was your friend? I'm from Moline..I didn't start there until 2003 over at Golds gym..then when they were building the new place in downtown bettendorf we went over to Augustana College and then finally where it is now.

    And possibly..Though when I knew Pat he seemed like he wanted to do anything but train people..he'd work with the IFL guys and that was about it..There wasn't much of a team like ATT or Greg Jackson..Pat hardly went to UFC events unless it was for Sylvia or Hughes.

    With regards to your friend that's just how Pat was..He grew up poor and I don't think liked asking people for money because he knew most fighters could not afford much. I know he would let people come and train and find things around the gym for them to do like clean and etc in exchange for training fees. He was a good person and helped me out tremendously as a teenager who was getting into trouble lol. Nothing more motivating then getting a phone call from your idol telling you to go to class or there would be consequences from him. haha

    I saw many blow ups by Pulver and Fisher and Mcfredries about pat being non existent..I always looked at it like hes only one guy he cant help everyone. So other then me and Spencers fall out I was thankful for him (Fisher) taking me aside to teach me and help me with stand up..Id help him with wrestling. He a a good friend until he got into the UFC it got to his head i think when everyone would try and stop and talk to him when we would go out.

    I agree as a future case study..Pat has a degree in business from St. Ambrose..I just think it was really a perfect storm of bad events happening. Though yes a very good example of never outsourcing internal accounting. And the need for yearly audits which would have caught these things. As far as the drop off in attendance I think that was out of his hands as obviosuly when severe economic downturns occur gym memberships will be one of the first things to go.

    #760843
    HoosierDaddy
    Participant

    When I graduated college in 2009 I had an interview with a small CPA firm in a big Midwest city where one of my family members knew the managing partner. They asked what my salary expectations were. I told them that accounting graduates from my school earned on average $55,000 a year.

    I didn't tell them that wouldn't take less than that because I thought it was what I “deserved” after studying for five years. They didn't call me back because they couldn't afford what I thought I should earn. HA! I was so naive then.

    I have done a lot of job searching and I would say be happy if you can earn $40k a year out of college without the CPA working as a staff accountant or bookkeeper. Once you have the CPA, you may get lucky and work with a CPA firm or corporation and make $45k or $50k as an entry level to senior accountant.

    The key is to find a good position and stick with it. In a few years you can start earning more. $50k year is a lot better than $10 a hour.

    -Passed all four sections of CPA exam in 2010 using Becker.
    -Former Seasonal Audit Senior with Big Four accounting firm.
    -Plan to sit for Certified Fraud Examiner (CFE) and Certified Anti-Money Laundering Specialist (CAMS)

    #760844
    PharmBoy
    Participant

    In addition to location and prior experience like internships, the role itself is a big factor.

    If you have a four year accounting degree and you're in a bookkeeping job where coworkers have accounting certificates from community college, then you shouldn't be surprised if your pay is materially the same.

    On the other hand, if you have a four year accounting degree and you're doing a job which requires non-routine skills and thinking, especially one where you help (a) increase revenue or (b) reduce costs, you can easily make more than $50K. I have college friends in F100 manufacturing who started in the 60s or 70s in “finance in the business” roles in refineries and chemical plants. Openings dried up in that sector last year but that's just an example.

    #760845
    jrb0048
    Member

    Just got a first year offer in San Diego (pretty low cost of living) for 66,000. I think the Big 4 have raised their West coast salaries so nows a good time to start on the WestCoast if you can sneak into a low cost of living area.

    Audit- 86 5/27/2015
    Regulation- 89 7/2/2015
    Bec- 83 7/23/2015
    Far- 80 8/31/2015
    Ethics-62, 90
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    Part 1: Passed 12/10/2015
    Part 2: Passed 3/11/2016

    CIA- Pass 1/29/16/// CRMA- Pass 2/9/16// CCSA- Pass 2/21/2016/// CFE- Pass 2/29/2016/// CFSA- Pass 3/15/2016

    #760846
    Huego
    Member

    I'm in the greater Los Angeles area and work for a small firm (50-75 staff).

    We started our 1st years at $60k this past January.

    AUD - 92
    FAR - 87
    BEC - 82
    REG - 79

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