By - FlexOnJeffBezos
Uhm dude… do you see IBers without a CPA? Management consultants without a CPA? Real estate moguls? Wealth managers? FP&A guys?
The CPA is for accountants. You don’t need a CPA at all to go to those other finance fields. The only reason you might need a CPA is if the person hiring you wants you to have proved yourself competent in your FS field before moving onto theirs. But not everyone is like that.
Just sell the heck out of your transferrable skills. Valuation, modeling, projections, etc. You should be fine.
And ditto about this career being a mistake. It’s so boring and some of the people really make me lose faith in humanity.
Yesterday you said you wanted a true accounting role but today you’re saying this career is a mistake? What happened since then lol
I meant this career is a mistake in a more general sense lol I wish I could redo my degrees and get a data analytics degree or something techy.
But since I’m already here and have put in way too much time and effort, give me that true accounting role plz.
What level are you leaving at, and are you near or on track for a promo?
Not at big 4 - also an issue I should have mentioned. Will not make it to “manager” for another 3-4 years. They’re a boutique. Reputable but rigid.
But basically I’m being offered chances to make more money given the hot job market… but I turned down a job offer for a HUGE raise bc I was scared. I’m honestly just looking for some courage. Tbh my parents talked me out of taking the other offer and I’m kicking myself for it
What was the other offer? What about that offer is giving you a feeling of regret?
Wealth management w a smaller firm (deadass < 15 ppl) but they’d pay handsomely and I don’t wanna do compliance forever tbh. Like I’m getting other offers so I’m kinda optimistic but at the same time I worry most of them are thinking I’ll get the CPA and I just don’t wanna do it. I’d rather get a cfp or literally anything anything else. Don’t get me wrong - CPA offers amazing versatility, but I’m talking to my managers and it’s not offering the kind of versatility that I thought it did. I feel really cynical and unmotivated.
Sorry realizing now I didn’t answer your question fully. I just hate what I’m doing and I’d like the chance to try other things. When I brought up my crazy good offer to my firm, they didn’t budge on comp or tasks (even tho they have a wealth management arm). Wasn’t asking for a new position, just wanted tasks to learn. So now I just know if I get a good offer I’m gonna dip bc I know they won’t accommodate me at all.
I just feel trapped and suffocated. I wanna work hard in my 20s, just not like this and on this
Do you not want to do the CPA because it’s hard to pass and the studying chore doesn’t appeal to you right now?
Yes and no, i studied really well in college and hated PLENTY of it. I am very capable of doing it, I won’t make excuses acting like I can’t. I just hate this so much, why would I want to pour more time into it? I’m so early out of college Im honestly banking on just getting an entry level offer and working hard in that and the money will follow
But my lizard brain is telling me to keep working here. I’m deathly scared of change
My advice to you would be to buckle down, get the CPA, sell your soul to a firm, climb it, get money, and get on with it. The job does get more fun the farther you go. I’m in my 10th year. The money is much better. The mix of tasks and responsibility is wildly different from what it was like in the first few years. If you can study and you can pass, you should. If you know you can’t, then it’s okay to recognize it and cut bait. To me, it sounds like you might be slightly romanticizing the idea of another employer. All employment roles have their advantages. Your current situation offers a path to growth. The opportunity for growth is huge. Another employer may offer you more money today- but in 3 years, will that be enough? What will that feel like if your trajectory isn’t as exciting over there after you’ve been there a few years?
You are good enough to be a manager at this firm. Heck, you could even be a partner. Make the money, set the tone, drive the culture. Get that CPA and realize your full potential.
I switched to FP&A after 2 years in B4 audit, did not and don’t plan on taking any CPA exams
Either go back to Graduate school and get out of accounting, or apply to some M&A / FP&A roles. I have had luck landing several interviews for FPA, and I turned one offer down. It’s still a little accounting, but at least you have regular hours and it’s more on the finance side. You don’t need your CPA unless if you plan on staying in accounting. I just accepted a controller role, I don’t have a CPA, and I plan to get out of accounting completely within 2 years.