Typical American Career path - esp after 50

[Anonymous]

Anonymous wrote:I earned a lot more money after 50. Became a licensed CPA at almost 48. Now there is an accounting shortage. Timing is everything.

Yes! Such a big accounting shortage. I hired a couple 50 yr old former SAHMs in the last couple years. It’s a good career path

[Anonymous]

Anonymous wrote:

Anonymous wrote:I earned a lot more money after 50. Became a licensed CPA at almost 48. Now there is an accounting shortage. Timing is everything.

Yes! Such a big accounting shortage. I hired a couple 50 yr old former SAHMs in the last couple years. It’s a good career path

Still riding the wave from the #accountingjobsact, I mean the Sarbanes-Oxley Act.

It coincided with the rise in tech, and students good at math went to tech first because it paid better. It’s a very good choice for now,’ unsure if AI will impact.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I earned a lot more money after 50. Became a licensed CPA at almost 48. Now there is an accounting shortage. Timing is everything.

Yes! Such a big accounting shortage. I hired a couple 50 yr old former SAHMs in the last couple years. It’s a good career path

Still riding the wave from the #accountingjobsact, I mean the Sarbanes-Oxley Act.

It coincided with the rise in tech, and students good at math went to tech first because it paid better. It’s a very good choice for now,’ unsure if AI will impact.

20 years ago accounting used to be cool, the best business students went in accounting, made $55000 starting salary instead of 45000 like rest of us losers. They traveled for audit projects and wore suits. Most of them were good looking too.

Now accountants are considered boring stiff and have no fun.

[Anonymous]

Accounting

Guaranteed millionaire

[Anonymous]

Op, do you want to work? I'm not quite 50 yet, but retired. I can't imagine having to think about second career. Maybe retirement hobby job.

[Anonymous]

Anonymous wrote:Op, do you want to work? I'm not quite 50 yet, but retired. I can't imagine having to think about second career. Maybe retirement hobby job.

I’m kinda of fond of eating and having a house.

How did you retire by 50?

[Anonymous]

Anonymous wrote:Op, do you want to work? I'm not quite 50 yet, but retired. I can't imagine having to think about second career. Maybe retirement hobby job.

BTW I don’t want a second career, but seems like primary career has earlier expiration that expected.

[Anonymous]

Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

[Anonymous]

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

Good luck making it to partner. A vast majority never get that far. The amount of hours the Big 4 expect of employees is unsustainable for most.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

Good luck making it to partner. A vast majority never get that far. The amount of hours the Big 4 expect of employees is unsustainable for most.

She doesn’t have to make partner. Just has to marry one.

[Anonymous]

Anonymous wrote:Op, do you want to work? I'm not quite 50 yet, but retired. I can't imagine having to think about second career. Maybe retirement hobby job.

Definitely interested in your retiree by 50 path if it really was that easy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

Good luck making it to partner. A vast majority never get that far. The amount of hours the Big 4 expect of employees is unsustainable for most.

I’m a contractor for PwC tax, and our chargeable hours are expected to be at least 55 a week - through the 9/16 IRS deadline. It pays very well though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

Good luck making it to partner. A vast majority never get that far. The amount of hours the Big 4 expect of employees is unsustainable for most.

I’m a contractor for PwC tax, and our chargeable hours are expected to be at least 55 a week - through the 9/16 IRS deadline. It pays very well though.

When I worked at KPMG Tax was supposed to be 100 percent chargeable based on a 40 hour work week for 52 weeks min not to get fired. Which means holidays, training, sick days vacation days you have to make up time. Most folks getting promoted was as 110-120 percent.

People would bill 2,100 to 2,600 hours a year. But worked a lot more as not everything is chargeable like training, time sheets, billing, doing proposals etc was non-charge.

[Anonymous]

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

How come I was only sent to Bufflo NY and Delaware on projects lol. And I got counseled out at year 4 despite high ratings 👻

[Anonymous]

Anonymous wrote:

Anonymous wrote:Accounting and Audit is a great career. Back in the days of SOX I was Big 4 and visited 23 states and three countries doing Audit work.

In my 8 years I worked at maybe 100 clients and while on trips I always go to a ball game, got to a club, find best restaurant in town, go sightseeing. The work itself was not exciting but the people aspect was amazing.

My Daughters friend started at PwC out of school in 2022 with a 100K base and a 10K sign-on. If she stays by 34 if Partner could be making $700k.

And she started with 4 year degree. Plans on part time taking courses to hit 5 year rule to sit for CPA and make PwC pay.

How come I was only sent to Bufflo NY and Delaware on projects lol. And I got counseled out at year 4 despite high ratings 👻

Like any client facing role, you have to be attractive and able to sell services. If you were just a competent accountant that’s the breaks?