Skip to main content

As the economy goes down..so do the accountants?? Not so fast

A big bright advantage of being in public accounting is the sense of job security. It takes a lot to get fired, and firms are just hiring aggressively these days. Some of the people I've seen who've been hired...are just people I wouldn't even have considered hiring if given the decision. There is a lot of bitterness within the firms, but everyone knows that they can be a little vocal about it since their jobs are safe and secure...atleast for now. Unless Congress decides to pass legislation repealing some of Sarbanes Oxley's rules or something drastic is taken to lax the strict accounting standards, firms will continue to hire and compete aggressively for "talented" bean checkers.
See the Associated Press's latest news story about the the bullish hiring of the accounting firms here.

Comments

bitterbabe said…
I guess this is goood.... everytime i curse my job (about 100 times a day) I will think of how lucky I,in fact, am!
Anonymous said…
Hi

What were your first few days of work like? What was the orientation like? Is it like starting at a new school?

Thanks

Popular posts from this blog

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run?

Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit.
In the long run though, choosing audit vs consulting really depends on what you want t…

should you choose to audit financial services?

I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years?
Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard …

Should I leave after 2 years as senior?

I'm currently working in KPMG Philippines, will about to start my fourth busy season and it'll be my second year as a supervisor/senior. I would like to know if it'll be a good idea to go work for a private company by this time. My only concern is that work outside audit may not be as enjoyable for me. However, I am starting to get tired of too much workload. 

At this point, stay until you get a year as manager under your belt and then leave. You could leave now and start as a senior accountant somewhere only if it's not a regular operational job where you'll do the same thing every time. Over the next few years, you'll pick up a lot of soft skills and technical skills that will be critical to your growth. If your only goal is a 9-5 workday and the money isn't all that important to you, then leave now, but if you can tolerate the workload for 3 more years, stay. It'll benefit you a lot long term.