Do accountants make good money reddit. I have a philosophy here: don't get bogged down on that question, instead, build whatever your "best idea" in the moment might be, because the They get paid WAY LESSER than architects. I mean making 300-500k while working less then 40 hours for 9 months out of the year, you can’t beat that I don’t think. It's definitely not doctor You can make plenty of money if you’re ambitious, willing to work hard and learn (moldable). Of course that is if you dont want to take incredibly stupid risks that could blow out your account in a second. Kids at places like Google, Amazon, Uber, Facebook, etc. You can also have a great career that is fairly low stress, recession resistant and makes a good but not great income just plugging away in mid-level roles and that is great to. Typical Reddit response. They make far more in equity, especially at start-ups and newer public companies. Don’t feel like you can’t change your mind. " Those not familiar with the business might think that wealth necessarily follows. If you're decent at accounting and not an elite engineer, I think you'll end up doing better monetarily in accounting. Making 250k+ requires way more investment and sacrifice. I felt like I've goofed around all my life and made nothing of it. Tax pays the most in public accounting and you can also make a ton of money as a solo Yeah the trades paying shit seems to be an American thing (of course Someone can make good money in America doing trades). true. Get the Reddit app Scan this QR code to download the app now. I have a designated accountant buddy who is switching to IT to make more money. If you are okay with accounting but hate the big 4 go government and get some hobbies. Money now is just meant to be spent on lifestyle and enjoy your time in the cities. Study material suggestions, study tips, clarification It sucks that when you read some of the past post of this reddit, it may sound like you are doing something wrong if you have 10+ years of experience and still a senior! Some people like Get the Reddit app Scan this QR code to download the app now is 6 figures when most of the Ike they’re not making 6 figures and in reality it’s a minority of people who do. Adjuncts are slave labor and Engineering and computer science typically lead to really good, well compensated job prospects. View the base salary, stock, and bonus breakdowns for Reddit's total There are accountants who say accounting is awesome and law is boring. Accounting, nursing, and MIS are also really good. I don’t have one and make six figures plus bonus. 99% of work sucks. The main 3 avenues in a very brief nutshell: Public accounting: you work for a firm that takes on clients and do either tax work (preparing tax returns, tax research, tax planning etc. Higher-earning accountants may earn more than $120,000 per year, while lower-earning accountants Broadly speaking there’s 3 things that matter in a job. There are lawyers and accountants who will tell you that the work of both profession is boring. To make really good money become a partner at a Big 4 or a high level accounting executive at a decent sized publicly held or large private company. So I decided ima do Chartered Accountancy learn the stuff and then get into it. Accounting at the beginning is all about the designation. I know so many people who swore they were stock market geniuses after buying all the meme/tech stocks they could afford last decade who are now feeling a lot less wealthy after this gigantic correction. Primarily undergraduate university/liberal arts, etc can make very good money but also can make very low. Whereas a designated accounted with 8 years experience is still making $80K here in Canada. Some of the accountants have their CPA. Accounting offers predictability and stability, along with significantly above average comp (the average is probably 50k topsso even entry level salaries in this field beat that). It’s probably the I do it as a side gig and I am done after this year. R1 research university and you are a full professor can make very good money, especially if you are well funded. There are 80 hours weeks, and more at the high end. Too many students get their cpa and jump ship for industry for that . But to do public accounting you need to do a public accounting course. In greatest Seems like engineers make more out the gate more often than not, but Accounting has a ton of high paying avenues. Get the Reddit app Scan this QR code to download the app now I just want to know what can I do with a bachelors of science degree in accounting that allows me to move up and make good money that isn't public? I've now been the Accounting Manager for 3 years making six figures plus bonus managing a team of 10. Additionally, my Controller What is considered good money? Here is the deal. Entry-level CPAs can expect their salary trajectory to rise steadily as they acquire With the right amount of experience, being a certified public accountant can mean an eventual position as a chief financial officer (CFO) or a highly-paid tax accountant. You are likely in a good place. Plumbers and electricians make good money and with your accounting background you already have the basic financial tools to set your self up as an independent contractor. I do not have my CPA, but I do have a masters degree and 10 years experience now preparing taxes and Be in there to learn and make connections and the money will come flowing later. They love people who work hard for Simply Accounting staff and Admin staff. Reply reply The Reddit community for everything India - from current affairs, politics, geopolitics, culture, history, heritage, images, videos, entertainment, technology, social issues, activism, finance; we have it all. A junior engineer in IT at my company makes $120K. Here me out. CPA, CMA, MBA, MSA all help out with getting interviews and promotions in cost accounting world, but you can do well with It’s actually not a bad idea to make the switch if you have a solid grounding with accounting systems, process improvement, good data review skills, and some coding. The accounting tent takes all types of people whereas the Doctor tent and Big Law tents only take super achievers. I didn’t have one but have a MBA concentration in accounting that qualified me. but by the time you are 30+ you are making good money and didn’t have to study every single hour for 3-4 years like doctors and lawyers do Reply reply Supply: There are barriers to entry to become an accountant that limit the pool of total accountants in the workforce. Entry level accountants make close to or over the median income in a lot of places. Not There is a ton of work out there and a looming shortage of accountants in public accounting that is only making matters worse. Additionally, a lot of people don't find accounting work interesting. Looks like if you can find good clients and scale from there, the WLB, and comp is so much better and higher then most roles in industry. A CPA's salary usually How Much Do Accountants Make in Your City? See current salary offers for jobs in your field. ), audit work (audit a company’s books according to specific laws and guidelines in order to provide a degree of confidence in their financial statements), or both if you work at a small firm. I am a corporate controller in tech, software engineers tend to make more than accounting. It’s not just about making money. Most accountants are upper middle class. Working your life away as a floor nurse hoping administration gives you a Very few accountants deal with finance bros unless your doing M&A or working on asset managers. Worked my ass off at a local accounting firm for 3 years knowing I was underpaid for 3 years, finishing at around $55k (2019) and got my CA. so here’s the plan a) become a CA/ACCA b) work in the industry for a whilereach on a top Audit provides you will a good well rounded understanding of business and accounting in general. We also don't do a good job of making certain careers feel accessible in our education system. I know a handful of these A good cpa will make solid money with quite a bit of stability and little risk. Or expecting it to be super cheap and quick. The salary of an accountant has a wide range. That The question was how do some bookkeepers make more money than many accountants. Most people are claiming to make “good money” because they’re able to afford rent, car, and groceries. And even then they don't scale the same at all. This typically involves keeping accurate financial records. $98k is good money but not a ton in hcol especially if a part is variable (bonus). Life’s not over. You know what he’s talking about, just choosing to be pedantic for no reason. 1 year director of finance for very small nonprofit (wanted a change from public company and went a bit too far). The really high end, like what the partner you described is doing, doesn't consist of actually accounting but rather winning work (getting Don’t feel like your goals can’t change as your personal life changes. Accountant salary is not great right after graduation. The really high end, like what the partner you described is doing, doesn't consist of actually accounting but rather winning work (getting contracts to do work) and managing (through people under you) the Sometimes those are better money as long as they are earners. Industry employers don’t care if you have a CPA only public accounting firms and regulatory bodies do. are making IB money without quite as many hours and a way better corporate culture. I just wanted to let you know that you can absolutely take this from a side hustle to your career and make good money, working on your own schedule! individuals are welcome to boycott reddit on their own if they want. I do Oh ya . $95k management accountant, public sector, Wellington. Never mind CPA, check averages for Asst Controller, Accounting The median Accountant compensation in United States package at Reddit totals $154K per year. The answer is self-employed bookkeepers can make more money than accountants who have Many manager+ roles typically ‘require’ cpa or mba. Mas ok mag archi ka nalang if you like that industry. Also, knowing about taxes and money If you want to make the most money as possible, CS is the way. So the more money you have, the more money you will make by There are 80 hours weeks, and more at the high end. The hours and work life balance outside of public are between acceptable and good. My husband is a CPA who also makes six figures but out earns me only by 15%. I guess I should’ve been more specific. Let their insight set the record straight and reveal what being an In response, some 57 per cent of accountancy and finance employers plan to increase salaries by up to 3 per cent when they next review pay, Hays says. any mobile maintenance or mechanic side jobs always goodif it's warm weather go-to a local pool supply store like Leslie's pool and spa and ask about a pool tech certification class Accountant can mean AP clerk, AR clerk, etc which are obviously on the lower end of the spectrum, so if you include these in your data set, your "average" will obviously be lower than If you’re good at your job, your concern during times of economic noise (ie right now) isn’t about whether or not you’ll have a job in six months, it’s over the size of your bonus/if you’ll have In short, yeah, accountants should be able to understand more about investing than a non-accountant since they can read all the documents, but they probably aren't going to be as Accounting is generally considered to be one of the "learned professions. I don’t know many non-cpas making $200k+ in Its a unique skill set. Too many people look to their job to meet needs that jobs just don’t fuckin meet unless you’re like a pediatric oncologist or something. Which is about 5 or so hours online. Accountants track a company’s finances, make sure all financial transactions happen correctly (whether it’s paying employees or collecting money from clients), and ensure Accounting skills you possess, especially tax and personal finance, will help you more effectively build your net worth and operate with a financial safety net. To me, that is simply a living wage and what minimum wage is supposed to be. I want to be an accountant in the future and was Currently deciding if I should go the public or private route. Yeah the trades paying shit seems to be an American thing (of course Someone can make good money in America doing trades). No need to be proud about how complicated clients are, at the end of the day making money is the important thing. If you want stability and to easily clear 100k, CPA is a good option in Canada. Most people aren't excellent investors in general but like to tell people about their winners to make it seem like they are. . accountants can Hello Accountants/CPAs, is accounting degree still a good choice in 2021 in US? I like accounting and business. The implication with “making bank” is that a person is able to afford all their necessities plus at least some There are so many paths to success. Consequently, an accountant salary can We asked seasoned pros to share some of the most common misconceptions about working in accounting. My Dad made a lot of money in Most important is that the company has inventory and production. That’s usually things like high **The subreddit for CPA Candidates** Certified Public Accountant (CPA) Come here if you are looking for guidance to becoming a CPA. I think many accountants are jealous of the perceived money they make which is only true of the top talent. There are careers with better top ends Just a question, do professional accountants such as CPA, CA and CMA have the ability to make the same salaries as dentists? I did not think so, but I heard accountants do Accountants are responsible for providing valuable financial information to companies to help them operate efficiently. I get tired of people who make five times the amount of money I make wanting a discount. 3 years F500 defense company under an incredible accounting manager/mentor with rapidly progressing titles (associate accountant, accountant, senior accountant, and finally senior financial analyst). Just some thoughts. Source: I'm 3-4 years post designation and will 96 votes, 307 comments. I'm a 17 year old high school student and I want to learn how I can make money and be my own boss. Or check it out in the app stores Plenty of accountants make good money, if you don't it is likely on you, sorry to be harsh. You don’t need a CPA as an accountant to make that money. If something is out of your wheelhouse either don’t do it or look at it as a learning experience. Can anyone elaborate their career progression and any pros and cons to getting Entry-level CPAs with less than one year to three years of work experience can expect to earn an average salary of $46,000 to $68,000. What are your thoughts? (1) Is is still safe and stable career option? (2) That classification only requires a BA in accounting. Strategic finance roles make money because they ideate and create opportunities for cost reduction / revenue generation. Nurses make OK money, but they have potential to make what I consider good money if they are willing to fight for their worth. In Canada trades pay pretty good as well, especially in the The funny thing is that you need money to make money in forex. Accounting in particular makes it difficult to be unemployed and leads to six figures within 5 years of graduation in most cases if you get a CPA. but good accountants, much like good IT, do provide value to companies. If you’re looking to work 40 hours a week forever and no Accountants make good money and have a stable job compared to many professions. I work county not fed. While I now make very good money, my twin brother who has a Bachelor's and CPA makes about the same and never had to deal with the debt or lost earnings. To this Yes, accountants do make good money. However, you can still make great money in accounting, especially if you make it to the senior leadership ranks. Most jobs only have 1 and you’d be lucky if any had 2. Unfortunately it hasn't died off yet. Good clients make money and they can pay you. Plus if you can create new products, the sky is the limit. It does make the job search a little easier though If you realize that a job is a job is a job and you want to make a lot of money to support the things that give you fulfillment and purpose outside of work, accounting is excellent for that. Build a baseline of financial security with the difference first, then use it to invest for your future. However, do not do it for money - you need interest in business, must be a people person, be willing to work hard (not the typical “I grind and work hard” but the “this is soul destroying but I need to do a couple 80 hour workweeks to meet deadlines and CA’s who work in accounting & finance do earn a good salary. I’m in MCOL in CA. Money, a lowish/reasonable number of hours, and self-fulfillment. I started in 2014 at a very low salary, around $42k (2014). And for god sakes don’t sacrifice your personal happiness just to make a There's this old mentality to be 'grateful to have a job' and that only old people should have or make good money. You have to be good with people and also understand financial topics and even more such as taxes, estate planning, insurance, education, etc. Think about this, the top kid after accounting still goes big 4 and starts at 65ish now, while the top finance kid goes to goldman and makes Wonder how this truely scales to industry roles. Unless you're in big law, entry level accountants make more than a lot of lawyers. The group will be in Capital It's not easy, but it is simple: earn more, spend less, and use the difference wisely. Both of which are generally Have you thought about trade school. In Canada trades pay pretty good as well, especially in the mines, and o&g, so I’m really questioning if I want to continue doing accounting, if I was in America no doubt I would continue doing accounting. If you want to be a W2 employee, it’s tough to make more than that 300-400k a year. Or if you're business savvy construction is the way to go. I don't regret my path, but if I was giving someone advice who is interested in accounting work (I do tax), I'd always recommend the CPA route.
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