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Subject Topic: Overtime in big 4 accounting firm (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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NewFloridaCPA!!
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Posted: 25 Feb 2009 at 22:04 | IP Logged  

2BlackLabs wrote:
Wow...talk about perspective. Everyone looks at the
world through a certain set of lens I guess.

I hate to say it, but you guys have no idea how bad it
can get. I looked at the big 4 because the hours weren't
killer and pay was ok. Which is pretty funny because
everyone here thinks 60 hour work weeks are a crusher. I
look at that as lite.


LOL.  Threads like this are proof the accounting profession has us by the balls.  At least lawyers and Investment bankers can make some decent pay for all those hours.
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Jrb724
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Posted: 25 Feb 2009 at 22:37 | IP Logged  

I think CPA firms are like any other job, they vary by region and office but I would expect to work a lot of hours at a Big 4 CPA firm. If you want to work 40 hours and go home, you should look at some other organization. Since the economy is bad, I can only expect the hours and demands to increase at the Big 4. On the bright side, 2 or 3 years at a Big 4 CPA firm and you can basically write your ticket.

I am also a government auditor and think there are just so many stereotypes about government employees. Depending on where your job is located,you don't have to be a manager to hit 6 figures either.

If you think you can become a CFO, controller, partner, etc, then government salaries are certainly not competitive (government salaries top out below 200k generally). However, for mid level employees, they are definitely on par with private, if not better in most cases. Its really a choice you have to make and take that career path.

 



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gmeyers
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Posted: 25 Feb 2009 at 23:09 | IP Logged  

CPAKillah wrote:
gmeyers wrote:
If a
persons only motivation for being in public accounting is compensation, you
have entered the wrong profession.

So what motivation does that leave? For the love of the work? You
mentioned stability, but honestly, that's really a farcical concept that people
hold. Accounting is glorified overhead, which means business is always in a
process of trying to simplify or automate it.


Is it so unrealistic that some people might actually find their job interesting
and use that rather than money to choose a career? Glorified overhead? You
have a terribly naive view of the range of services provided by accountants.

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lelik
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Posted: 26 Feb 2009 at 11:09 | IP Logged  

NewFloridaCPA!! wrote:


LOL.  Threads like this are proof the accounting profession has us by the balls.  At least lawyers and Investment bankers can make some decent pay for all those hours.


Well, people, I think it's not the accounting profession, it's the American Dream and the whole screwed up culture and work ethics of the old generations. I personally don't care about any of this stuff. I hate competition at work. 

For example, in Germany you are not allowed to work over 10 hours per day. If you do and someone finds out, the company will be fined. My company used to send us reminders constantly. I worked 35-hour weeks, and it was considered normal. Many of my friends worked 20 hours a week and got full benefits (vacation, medical insurance, etc.). Maternity leave in many European countries is 1 year (not all, though). 

I can understand why people without any personal lives and families might want to spend all the time at work. They just don't have anything else. I know a lot of wives (late hours don't work with the girl-friends, that's why I am referring to "wives") whose husbands rarely show up at home and make a lot of money, many of these women either wish that their husbands found something less time-consuming even with much lower salaries or are thinking of divorce.


Edited by lelik on 26 Feb 2009 at 11:14


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CPAKillah
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Posted: 26 Feb 2009 at 12:59 | IP Logged  

gmeyers wrote:
Is it so unrealistic that some people might actually find their job interesting
and use that rather than money to choose a career? Glorified overhead? You
have a terribly naive view of the range of services provided by accountants.

Trust me, the vast majority of people that enter accounting care nothing for the profession. A lot of them couldn't cut it as engineers or couldn't survive on liberal artsy dreams. For those that are business ambitious people to begin with, accounting is seen as a stepping stone to something better, never the final destination. Then we have the final group who don't particularly care about anything and just want to get their paycheck and be home by 5 to walk the dog.

I think you have a far too exalted perception of accounting. Take auditing for example, if there ever comes a time when computer controls were so robust that financial reporting can be trusted to be accurate right off the press and auditing as a profession became extinct, no one would shed a tear. The process is not a value-adding part of a business. Only necessary because people can't be trusted. Same with tax, only necessary because the tax code is too much complex for its own good. Some small businesses spend tens of thousands on tax preparation when they barely break even. It's ridiculous
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