Welcome back, people. Stuffed with watermelon mint juleps, fireworks and Klynveldian meats, most of you probably returned to full stomachs and fuller inboxes. That said, I hope your day is as painstakingly slow as mine (HR is a beautiful thing).
My morning news feed (i.e. Caleb’s morning news round-up) contained a story that is all too familiar – graduating college with an accounting degree is a safe bet. Of course. This report could have been 10 days or 10 years old; the song and dance would be the same. Consistently one of the best (meaning safest) bets for an undergraduate degree, the report from National Association of Colleges and Employers that, “jobs in accounting paid an entry-level salary of $50,402.” (It should be noted that – rumor has it – NACE pays a circus monkey to regurgitate these statistics EVERY. SINGLE. YEAR.)
Not too shabby, 50 grand a year after college. This number obviously comes with a salt shaker, as those entering into a career in public need to factor in their location and the fact that the number is pulled upwards – at least to a degree – by private salaries. My beef is not with these numbers but with the parents, high school guidance counselors and university staff that use these numbers as a means to push their products on to naïve students. Alas, my list of Flakey Reasons You Should Be an Accounting Major:
“My (insert random acquaintance reference here) is an accountant, and he/she does just fine.” That’s wonderful for your barber’s cousin’s friend, but really the success of one accountant means nothing. Doctors are successful, as is the 15 year old kid bagging my groceries. This “Mr. Smith is successful” argument is generally used as a conservative reference to a job that is less popular. Quality of life is a relative term; so who’s happier, the produce bagger or the family tax accountant?
“You need to graduate with a degree that will earn you a job.” I understand this argument; however isn’t the point of college to study a subject which you actually like? Don’t get me wrong, I am all for being realistic about this, but the long-term consequences of studying a particular subject and focusing on an industry cannot be overlooked. This leads me to…
“You can work in any industry with an accounting degree.” I like Skittles. I am downright passionate about Skittles. Skittles are my life*. Is an accounting degree the only way to work for their producer, Mars Inc? Umm. No.
“You need a job to pay back your student loans.” No argument here, except for the one about overall crisis in higher education (you know, no big deal really). A recent CardRatings.com poll showed 36 percent of college graduates are carrying student loan debt on a credit card. Sleep soundly knowing the remaining 64 percent of the group is simply burdened by lower interest rates.
But I digress. The loans should be considered a necessary means to an end (i.e. – finding a job and career of interest). If you’re majoring in a subject so you can pay down the debt…that you took on…to earn…said degree…you’re vastly missing the point of going to college.
*Don’t judge.
UBS is looking for someone to join their Fixed Income, Currencies and Commodities (FICC) Structuring Group at the Director level who has expertise in both U.S. GAAP and IFRS.
This is just a fancy way of saying that the senile CEOs surveyed here royally screwed up by being over leveraged in legacy commercial real estate and are forcing workers back into the office to save face to their own stakeholders.
At the same time these truant “leaders” are announcing these decisions from the comfort of their vacation homes on the other side of the country that everyone else must return to the office, they’re also talking out of the other side of their mouth when it comes time to exploit workers in the developing world for outsourced office jobs.
Remember, these are not serious people being surveyed. They’re just trying to coast to their bonsues on short-sighted decisions with long term consequences they themselves will never face because the silver wave is about to waah them all away in a few years.
I am somewhat on track with you, but I am trying to see it from both sides of the coin. It is a little hard to support the CEO’s and their careless remarks that the employee’s no longer have any power, I think if every one of them walked out on you right now you would see things in a different light. These remote employee’s are happy and enjoy their job’s and do not mind working long hours that is required during tax time because they can see their children and spouse and not feel disconnected from their families due to the long hours required by the job. My wife is one of these remote workers and she said as long as I can see all of you, it put things into perspective for her, she could see the reasons she works so hard and it gave her more focus and more drive to work as hard as she could to ensure the ones she loves are taken care, she gives her all so the company will see how hard she is working for them so that she can continue to work remotely.
At my company, the CEO has been on a jihad for close to two years now to get everyone back in the office, despite the fact that less than half of the employees now live in the same city as the office. There is absolutely no evidence that working in the office results in higher productivity, greater quality, more revenues, etc., but that doesn’t stop these CEOs from making declarations that its necessary for everyone to be in the office. Amazon has had record growth, revenues and profits over the last few years, and yet they still feel the need to force everyone back into the office for some reason. Seems like its more about power than collaboration/teamwork, doesn’t it?
But back to my CEO. Dude is almost never in the office, which all of the employees definitely notice. The vast majority of his time is spent either at one of his homes in a different state than the office, or on vacation. So, yeah.