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Subject Author Date
other peoples frustrations with the accounting world TazBird 07-12-2007
Posted by TazBird on July 12, 2007, 7:17 pm
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Hi all,

I'm a second year accounting student. I currently work as an
accountant for a medium-sized insurance company. Every now and then I
see these posts of people who can't find jobs as accountants or regret
taking accounting as their major. These posts kind of worry me a
bit...but are these just the complaints of a small population, or do
these reflect the majority of the accounting world?

The other thing I wanted to ask was about being recruited by a big
four firm...Like I said I already work as an accountant, and my firm
was hopping that I stay after I finish college, (I am going for my
masters). Prior to working with them, I was an accountant with a
construction / real estate company, even though I've always wanted to
be a CPA I've come to enjoy working in these smaller environments so
what I'm asking is, not working for a big-four firm a career killer?
or can you still be successful in the accounting world even if you
don't work for a big-four type firm?

Thanks for your responses!


Posted by Paul Thomas, CPA on July 13, 2007, 8:37 am
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> I'm a second year accounting student. I currently work as an
> accountant for a medium-sized insurance company. Every now and then I
> see these posts of people who can't find jobs as accountants or regret
> taking accounting as their major. These posts kind of worry me a
> bit...but are these just the complaints of a small population, or do
> these reflect the majority of the accounting world?




There just happens to be a plethora of disgruntled and/or unemployed
accountants here.




> The other thing I wanted to ask was about being recruited by a big
> four firm...Like I said I already work as an accountant, and my firm
> was hopping that I stay after I finish college, (I am going for my
> masters). Prior to working with them, I was an accountant with a
> construction / real estate company, even though I've always wanted to
> be a CPA I've come to enjoy working in these smaller environments so
> what I'm asking is, not working for a big-four firm a career killer?
> or can you still be successful in the accounting world even if you
> don't work for a big-four type firm?






The only reason to work for a big 4 (used to be more of them back in the
day) firm would be a jump-off point to a position with one of their clients
(which those breaks have been put on recently I believe). Otherwise, if you
plan to open your own practice, you'll most likely not get the skills to do
so in a big 4 firm.








--
Paul A. Thomas, CPA
Athens, Georgia












Posted by Ron Todd on July 13, 2007, 11:26 am
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wrote:

>Hi all,
>
>I'm a second year accounting student. I currently work as an
>accountant for a medium-sized insurance company. Every now and then I
>see these posts of people who can't find jobs as accountants or regret
>taking accounting as their major. These posts kind of worry me a
>bit...but are these just the complaints of a small population, or do
>these reflect the majority of the accounting world?

....

They should worry you. Accounting is an overhead function that
depends upon commerce to supply the entities that need its function.
Two things you probably have not given much thought to are:

(1) We as a country have been deindustrializing for a long time. We
have been "shipping" the companies that need accountants overseas.

(2) Automation has been reducing the need for accountants since the
1950s.

If all the accountants who couldn't find accounting jobs were
complaining on this board, it would fall under the load. The simple
fact is that they don't get accounting jobs, so they go do something
else.

Posted by Paul Thomas, CPA on July 13, 2007, 2:09 pm
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"Ron Todd" complained again
> (1) We as a country have been deindustrializing for a long time. We
> have been "shipping" the companies that need accountants overseas.
>
> (2) Automation has been reducing the need for accountants since the
> 1950s.






CNN Money.com disagrees with you.


http://money.cnn.com/galleries/2007/moneymag/0703/gallery.bestjobs_young.moneymag/4.html
They are looking at 22% job growth over 10 years.




http://www.bls.gov/oco/ocotjt1.htm
The US Department of Labor lists it as #2 for those with Bachelors degrees
for occupations having the largest numerical job growth, just behind school
teachers.








Telling others not to go into accounting probably won't help you land your
dream job.






--
Paul A. Thomas, CPA
Athens, Georgia




Posted by TazBird on July 13, 2007, 2:53 pm
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wrote:
> "Ron Todd" complained again
>
> > (1) We as a country have been deindustrializing for a long time. We
> > have been "shipping" the companies that need accountants overseas.
>
> > (2) Automation has been reducing the need for accountants since the
> > 1950s.
>
> CNN Money.com disagrees with you.
>
> http://money.cnn.com/galleries/2007/moneymag/0703/gallery.bestjobs_yo...
> They are looking at 22% job growth over 10 years.
>
> http://www.bls.gov/oco/ocotjt1.htm
> The US Department of Labor lists it as #2 for those with Bachelors degrees
> for occupations having the largest numerical job growth, just behind school
> teachers.
>
> Telling others not to go into accounting probably won't help you land your
> dream job.
>
> --
> Paul A. Thomas, CPA
> Athens, Georgia

Paul, Thanks for your responses, that was just the info I was looking
for!


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