ANALYSTS at my firm are on track to make over 150k this year all in, first year out of undergrad.

No offense bro but I'm not sure you're providing accurate info. You will not be making 100k in 5 years. I worked at EY NYC in auditing for 3.5 years and was making about 70k when I left. Was rated a 4/5 in each year that I was there so my raises each year were as high as they could have been. Now maybe if you're in tax/financial services/or IT, you may be touching six figures.

Also, the number of hours you will be working will be highly dependent on team, client, time of year, etc. generally speaking though you will likely be averaging at least 50 hours a week. During busy season, it is definitely possible to be working from 9-11 or midnight.

No offense bro but I'm not sure you're providing accurate info. You will not be making 100k in 5 years. I worked at EY NYC in auditing for 3.5 years and was making about 70k when I left. Was rated a 4/5 in each year that I was there so my raises each year were as high as they could have been. Now maybe if you're in tax/financial services/or IT, you may be touching six figures.

Also, the number of hours you will be working will be highly dependent on team, client, time of year, etc. generally speaking though you will likely be averaging at least 50 hours a week. During busy season, it is definitely possible to be working from 9-11 or midnight.

No offense bro but I'm not sure you're providing accurate info. You will not be making 100k in 5 years. I worked at EY NYC in auditing for 3.5 years and was making about 70k when I left. Was rated a 4/5 in each year that I was there so my raises each year were as high as they could have been. Now maybe if you're in tax/financial services/or IT, you may be touching six figures.

Also, the number of hours you will be working will be highly dependent on team, client, time of year, etc. generally speaking though you will likely be averaging at least 50 hours a week. During busy season, it is definitely possible to be working from 9-11 or midnight.

Checkmate.

Big 4 = Tradie

No offense bro but I'm not sure you're providing accurate info. You will not be making 100k in 5 years. I worked at EY NYC in auditing for 3.5 years and was making about 70k when I left. Was rated a 4/5 in each year that I was there so my raises each year were as high as they could have been. Now maybe if you're in tax/financial services/or IT, you may be touching six figures.

Also, the number of hours you will be working will be highly dependent on team, client, time of year, etc. generally speaking though you will likely be averaging at least 50 hours a week. During busy season, it is definitely possible to be working from 9-11 or midnight.

non GS TMT/MS M&A = Tradie.


On a more serious note, some Big 4 advisory branches (think Deloitte S&O-like divisions) are good.
I remember you said youre at a BB's IBD.
What exit ops you interested in (or staying for longer)?

just like anything else, if you're an accountant with good communication skills and some ambition, you could move up the ladders

that being said, most of them will just grind Excel sheets for the rest of their life

I truly don't understand the idiotic nature of most miscers; 99% of what is said here is anecdotal. There's no point in arguing anything being said here.

Even the profession that miscers seem to revere the most (engineering) sucks most of the time.

Let me introduce you to the life of an engineer:

Brb spending 2 years of my life developing this awesome new product for my company that's going to change the world, I'm so excited! Brb upper management decided they want to scrap this product and work on a different product instead, I literally just wasted 2 years of my life on nothing. Upper management broke the news to me while railing my wife from behind, I'm a huge cuck. Rinse and repeat

Thats why you go for finance not accounting....DUH.

That's even worse.

Who the **** hires some "qualified in finance" wtf does that mean?

Who the **** hires an "economist". The Wall Street Journal hires the 2 smartest kids?

Lol that kid is delusional as ****...he called me idiot and i got repped for my post by 5 different people all accountants.

The kid thinks because he makes 75k as an accountant hes gods gift to earth.

U wot m8? EY must be shortchanging their associates in NY. I'm in a similar market and most people at my firm (fellow Big 4) are making 70k after two years. Doubt there is much difference between tax and audit.

Accounting bruh checking and you are sugercoating the **** out of this just to make your self feel better. I did the corporate work for 2 years and you are literally wasting your life in a office. During busy season you can go in at 8am and leave at 11pm just to be back at 8am the next day.

HERE IS THE REAL DEAL WITH ACCOUNTING

EDUCATION : The amount of education needed to start at 55k is UNREAL. You are pretty much not an accountant without a CPA so if you are gonna do accounting you will need your CPA to make the big bucks. To do that you will need 150 credit hours from school (regular bachelor degree only gives you 120). This means you will need to double major (reason i did accounting and business management degree) or you will need to get a Masters Degree in Accounting or Tax... so that is about 6 years of schooling..Think about the money and time you are spending here just to start at FUKKKIN 55k a year working 60-90 hrs a week if you are lucky.... Masters in Accounting at my school was $36k alone.

CPA EXAM : So lets say you went through all the trouble to actually qualify for the exam you need to pass the CPA exam and it is the biggest piece of **** test possible. Some say that it is even harder then bar exam....to me it wasnt so much hard as it was BS with so much information. There are 4 exams and each exam you study for 2-3 months with soo much material only to get tested on maybe 10% of the **** you studied. The exam passing rate for each one of those is 40-50% so yes most people struggle with it and remember these are the people that got two degrees or masters in college. The fees for this exam quickly add up you are looking at 2-3k at least including the study material and thats if you pass all the exams on first try which is unusual.

WORKING FOR BIG 4 : By putting in the work you should mention that about 4-6 months a year you are working 70-90 hours a week during busy season and other time you are putting in 50-70 hours a week. You do this all for $50 K a year and when calculating hourly rate you get about $12-$13 an hour maybe less. If you can stick to doing this for 4 years yes you can earn 100k a year but you will still be working 70-90 hours during busy season and have no life. HOWEVER most people leave big 4 in two years (some smarter people less ) because they burn the fuk out...Only the no life losers actually stay slaving away at big 4 many neglecting their families to slave away for those fukkin companies.

THE WORK : The work is boring as **** no matter if you are in tax or audit. If you are in audit you are literally looking at numbers that the company reported and trying to get all the evidence to see if that is actually what they should have reported. So if company says they have 100k in accounts receivable you will get all their receipts and calculate that they did in fact get 100k in accounts receivable for the year if so check mark and move on to the next one. 99% of the time everything checks out so imagine doing all this work and its always correct BORING...the 1% it doesnt check out you dont get to say AH HUH i see you trying to cook the books nope....if you catch the company doing something shady you dont say anything negative about them because they are paying you to audit them. You try to work it out with the management and if it is really bad your audit firm will just leave the client... you wont be able to go out and tell everyone i audited this company and they are fukkin lying nope the company you work for will just drop the client. Tax is tax do i even need to say how boring it is ?


CLIFFS

You go to school for about 6 years spending 1000's taking 100's of exams to qualify to become CPA ...then you take 4 bs exams where you study 2-3 months for each exam and pay $2-3k in fees and study material to be able to start making 50-55k a year working 70-90 hours for about 3-4 months out of the year and other times working 50-70 hours. I DO NOT RECOMMEND ACCOUNTING TO ANYONE. The only reason i would recommend someone do accounting is if you plan on owning your own business which is what i did.

and my point about maturity is proven true.



thats my point, not about the income threshold to stop posting on the internet, its about what conversations theyll engage in. I doubt your VP is on reddit talking about what makes him alpha and what he can do to pick up more chicks.

You're an idiot. You don't know about anything you're talking about. I'm at 3.5 years in ohio making 75k. That dude was in NYC working way more hours than me with high COL. He was being bent over and handing the partner the lube.


Stop being a *******, *******.

Well if you put it like that? Then why become a doctor? Why become a lawyer? All of these "respected" professions require you to put in massive amounts of work and pay large sums of money. Doctors have suicide rates twice as high as the avg population. Lawyers are unable to find jobs and have a ton of debt. It's easy to nit pick stats and show why certain jobs suck. They are obviously paying large sums of money compared to average househould(51k) but apparently everyone on the Misc is 10k/day CEO so it doesnt seem like a lot. If anyone could do it then they wouldn't pay that type of money.

What is your solution then? Start your own business? Okay let me just make a start-up and bank on the chance it succeeds because im gonna be the next Mark Zuckerberg... Yeah, okay dude. Keep telling that to yourself.

Sources:
http://www.medscape.com/viewarticle/410643_2
http://www.nytimes.com/2015/04/27/bu...rket.html?_r=0
https://en.wikipedia.org/wiki/Househ..._United_States