Mel

5y

Can't even imagine how good Harvard career services or alumni support must be 😳

NiceLikeChrist

5y

Why would you reconsider nursing?

Kr0niic

5y

I don’t go to Harvard anime joking. But I do go to a good school kinda in those ranks. Not exactly IVY but highly regarded. But yeah go to a reputable school and the connections you can get is unreal

Nuns

5y

Are you on wso haha
What step are you on, have a ft offer for 2 (different firm) myself

Mel

5y

You can get into IB from Big 4 by switching into a Transactions/Deal advisory group after doing 2 years in audit. Those groups have exist opportunities to middle market/boutique banks. MBA is too overpriced compared to just doing that route.

I'm gonna take part time classes in math and economics for 2 years while I work in Big 4 starting this fall. Will eventually do a masters in economics once those prerequisites are done at hopefully a target school. If I enjoy economics at the graduate level and make it there, I might just do the PhD route. Otherwise, I'd move into public finance or research work at federal reserve bank at that point. Working at something like the IMF would be very interesting too.

flackojodye

5y

Do you think I would ever waste my time on a website full of peasant sub-ivy league non-M&A/LevFin losers

I rather spend my time on WallStreetPrep mastering VLOOKUPS and LBO modeling

Nuns

5y

sounds like a great plan, didn’t know what role you were going into/working in. right now I’m planning on going the mba route after 2-4 years but that could change given the expense/opportunity cost. wishing you success my man

CNA Lov3ly

5y

But don't you gotta do like a year or 2 of prerequisites??

tbw

5y

Im another thread, OP called patients of his asymmetric rather than asymptomatic.......................... and he already currently WORKS as a CNA................he aint cut out for this lmfao

Mel

5y

I'm in Big 4 accounting, I finished state school with 40k in loans for 5 years (including my needed masters)

These salary figures below are accurate and reflected a mid - cost of living area (High COL areas starting salaries would begin at 62k-65k and grow at the same rate seen below here)

So if you're in NYC/LA/Bay or whatever, expect 75-78k by senior and 100k-120k by manager.

At Senior level it's common to maneuver out of your 75k salary into 100k-115k postions (~20%ish bump). Average age at this point would be 26 and your exit opportunities would be corporate finance/managerial accounting jobs with 40 hour work weeks. There are people that move onto very different paths and get creative/richer but this is whats common.

whatzgud

5y

I thought accounting wasn’t secured in the future because it’s going to be all cyber by then. Like turbo tax you do taxes online. I just if you do it for businesses you be secured tho

Mel

5y

· edited

Public/corporate accounting is different, they don't do regular peoples taxes. They do a few different services.

The Auditor's job is to examine the financial statements of companies listed and traded on the market and look for misstatements/fraud/issues with the general business. This is meant to protect the investors and provide assurance that the company they invested in figures are legit. The government requires this work to be done, so every F500 company is gonna be audited by one of the same Big 4 firms. Automation will reduce the grunt work of this but not eliminate it. There is gray area involved here, so probably less people will be needed to do the work but you need some level of human judgement still. The day this is fully automated, lawyers will be as well.

The tax services is usually for high net worth people and other companies, which TurboTax can't do. It's a lot of loophole/strategic work and very intensive on research. Try to imagine how billion/100s of million earned by someone in revenue is spread across different activities and all the complicated tax rules that are considered. Expert guidance is valuable here and companies/rich clients pay a lot for it and appreciate it. These groups work not only to do the actual taxes but to actually get their clients the lowest payment of them possible. Lot of grey area in this work.

Then on top of that, you have niche advisory services that do different things/services.

These jobs used to take a lot of grunt work of document sifting and number crunching in excel. They still do, but automation has already begun and is changing their workflows. The core purpose of their work though requires human interpretation, the clients/government want at least some number of people directly involved and responsible. When you have millions/billions of dollars and legal risk, is putting all your faithful in technology you don't understand viable?

People want to feel assured another person has their interests in mind so complete automation won't be acceptable imo.

BVL

5y

bro u know how im trying to do accounting? Am I screwed that I dont even know all this like you? Im like the same age as you and you are so far ahead

Mel

5y

Lol age doesn't matter, I started earlier than you and have been exposed to it longer so worries.

As you work through your courses, do internships, and talk to senior people in the field you'll have built up your knowledge pretty quickly.

BVL

5y

just hope this fall semester won't be online

Mel

5y

Seems like it might. Just gotta take it in stride and still work as hard as you can.

BVL

5y

stride as in take few classes until quarantine is over? then take the important classes?