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I'm looking to start in Big 4 tax after after getting my MAcc next year, because audit sounds painfully boring and generally awful. I'm worried about the lack of breadth in exit opps from tax though. I came across this old article, and it was interesting.
http://goingconcern.com/2011/7/first-world-proble…
I questioned some of the things said there, so I thought I'd ask you guys. Mainly
1) Is the comp really that good? Obviously it's not as much as you make trading, but it seems great for an accountant. Is it common/unheard of for CFOs to get a bonus that's a comparable % of base to that of a FO guy?
2) Is it really plausible for someone who starts in tax to make it to CFO? If not, is it possible to go from B4 tax to regular fund accounting as opposed to specialized tax work?
3) What do you think is the ideal experience level to move from public to a fund?
4) Would the pay and work be comparable in similar firms such as PE or large traditional asset managers?
Thanks.
Where is comp stated in the article? Or are you pulling off user comments?
Comments. There's not that many, but if you don't want to comb through them, the gist is one guy says he made twice as much as he did at EY during his first year at a fund. He also says 30-50% bonus is normal for first year, and it can increase from there. No specifics are thrown out.
I know some of you guys know this stuff.
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