CPA - Can't Produce Anything

Hey Guys,

As I'm sure you can deduce from the title, I am an Auditor at one of the Big 4 (let the hazing begin) who just joined this forum after trying to break out of the public accounting world for over a year. After attending school for accounting (and incurring 100K in debt), I found that although I am good at it, it is about as interesting as being a garbage man.

Im trying to make a move into Risk Management (probably Operational Risk) or Research, to try and leverage my accounting background. Clearly this has not been successful at this point. I'm currently studying for L1 of the CFA for this December.

Enough about me, glad to meet you all.

 
Best Response

As a CPA...no one looks at your work product and after 5 years it's thrown in the trash. Whereby it is picked up by the garbage man. The circle of life. lol

If you think about it, garbage men make order from disorder. Using energy to combat entropy. Way more important/interesting in the grand scheme of things.

Welcome.

Please don't quote Patrick Bateman.
 

Very nicely articulated DBCooper. Perhaps I should find a Garbage man forum and ask how to make that career change.

The waste of the audit work product is something that has bothered me since beginning, why put all that time and effort into something that is going to get filed away and thrown out in a few years. I think that is what attracts me to RM and Finance in general, its live, fluid and rational. Makes much more sense to me.

Kejsaren - My favorite book of all time...Looking forward to the work ahead and making it to my goals one day.

Thanks for the warm welcomes.

 
BanditPandit:

Garbage collectors make 2 to 3 times your salary and you think you can compare yourselves up to their quality of life? If these guys are garbage, what does that make you now?

What does that make the BSD who has to flame a guy whose profession he deems less than garbage?
 

Audit > Transaction Services > Finance Job It should take around 2-2.5 years to transfer into the Transactions group at your company or you could look at the Transaction group at a different one of the Big 4 if you want to transition sooner

Once you're in there it's much easier to transfer into a finance role outside the Big 4, and I know many people move into banking after a stint in Transactions. I'm not quite as sure about the Risk Mgmt path, or Research, but I know that Big 4 firms have risk groups that you could potentially transfer into

 

I did it in 8 months, not as hard as it seems. Seriously is all about your network.

FratBank:

Audit > Transaction Services > Finance Job
It should take around 2-2.5 years to transfer into the Transactions group at your company or you could look at the Transaction group at a different one of the Big 4 if you want to transition sooner

Once you're in there it's much easier to transfer into a finance role outside the Big 4, and I know many people move into banking after a stint in Transactions. I'm not quite as sure about the Risk Mgmt path, or Research, but I know that Big 4 firms have risk groups that you could potentially transfer into

 

I have seen this done many times before. At my firm, our independent auditor (Big 4) has something like 30+ people working on our audit year round and in the 5 years that I’ve been at my firm, I’ve seen something like 5-6 auditors leave to join BB/MM/REITS/AM firms in finance roles. One just left last month to go over to GSAM.

It can be done. Network and work hard.

 

Welcome to WSO. I'd rather stay front office and stick it out with accounting than go do risk, where you provide a necessary function but don't produce revenue (thus could get laid off easily) and could tend to probably be the wet blanket on the party. Just my 2 cents, I don't mean to sound ignorant or disrespect the risk guys that may be lurking on the board.

I think research could be much more rewarding compared to risk. I've seen former auditors move into research a good bit, although compared to the amount of auditors that would like a switch I'm not sure if the numbers are quite that rosy.

Big 4 isn't a bad place to be compared to the unemployment line. Just think of kids starving around the world and all those students that recently graduated but have to live at home and work at Subway because they studied dildo carving instead of something worthy like the language of business.

 

Welcome to WSO. I'd rather stay front office and stick it out with accounting than go do risk, where you provide a necessary function but don't produce revenue (thus could get laid off easily) and could tend to probably be the wet blanket on the party. Just my 2 cents, I don't mean to sound ignorant or disrespect the risk guys that may be lurking on the board.

I think research could be much more rewarding compared to risk. I've seen former auditors move into research a good bit, although compared to the amount of auditors that would like a switch I'm not sure if the numbers are quite that rosy.

Big 4 isn't a bad place to be compared to the unemployment line. Just think of kids starving around the world and all those students that recently graduated but have to live at home and work at Subway because they studied dildo carving instead of something worthy like the language of business.

 

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