9-5 exit options
Hi, I am going to be a senior in college and trying to find career options. I know a lot of people on this forum are super ambitious about their career and dont mind working 60-80 hour weeks throughout their entire career in order to make a ridiculous amount of money. However, I am looking to jump start my career in any way possible (public accounting, ibanking, equity research, consulting, etc) and then get out and live a more laid back lifestyle doing 8-10 hrs a day with no weekends. I was wondering which career path would be the best to advance myself the furthest and fastest in terms of exit options to industry.
I am an accounting major and have been spoon fed about how public accounting is great in terms of exit options where you can "leap frog" people who started in industry because of public accounting experience. I am not exactly sure how true this is and would also like to hear about other careers that one could possibly "front load" their hours and transition to a 9-5 job with solid pay/advancement opportunities.
Any examples of someone who did something like this or insight in general on industry exit options would be greatly appreciated.
Apply to DCAA, they are actively hiring right now. Nice cushy government gig, pay is on par with EY when you include benefits & pension, though you won't land partner comp. DCMA is good too.
had a family member who was a military auditor, retired at 55. I don't know about cushy, the travel can be very taxing on your family, but I can't imagine it's a bad stepping stone if you want something a little more grounded once you start procreating.
Oh and if you really want to 'rake it in', if you are at the right pay grade they will let you deploy to Afghanistan for 6 months at a time. Basically can come back with another 50-60k tax free each time you go. That being said, I do not know for how long that particular meal ticket will last.
Its actually not so bad, you basically just work all day because there is nothing to do and that's where the A/C is. Though you'll be shitting yourself the week before you leave.
Big 4 audit/tax for 3 years, get out make ~75k and work 40-45 most likely. You have a solid base for advancement within a company depending on which role you go with.
ER can be reasonable and at least predictable, where you know during the earnings seasons of your companies you will be busy and the rest of the time I think more typical.
No to ER - in office by 7 am at the latest, out by 6-7 w/o earnings season plus you're reading up on industry stuff and are always connected. forget about plugging out
uhh...i work at an equity fund and those are my in-office hours.
but as torchic says, "you are always connected"
Commercial and corporate banking at regional firms comes to mind.
Depends on how long you decide to stay in audit. If you stay for 3 years, got 1 year of audit senior experience and decide to leave for industry, you'll end up probably being a financial analyst at a bigger company. Hours are not bad, but again, you won't be making any decisions, but again, as others have said, you made 20-30% more in salary with a reduction in hours. If you join a smaller company, you might become an assistant controller or controller and be on track for CFO.
If you leave at a manager level, there is a higher likelihood for controller positions for larger entities, but nothing is guaranteed of course, sometimes you just got to wait for opportunities. Again, 20-30% increase in salary with even more flexibility in hours and of course CFO track.
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