Life after public accounting

Meet the Guy Who Prefers Falafel Over PwC

For five years, Mitan Sachdev worked in risk assurance for PwC across the pond, conducting control assessments and other such excitement. Like most of you, he dreamed of a better life, so one day he just up and quit. What was his plan for LAP (Life After PwC)? Industry? Government? Nope. Falafel. Bloomberg has the […]

Former PwC Auditor Who Is Really Into Fitness Left His Job and Made His Own Gear

A long, long time ago — or rather, in January — we linked to a story from Cincinnati.com on a startup called FLYUP Fitness founded by a former PwC auditor who was inspired by long busy seasons and lack of opportunity to get to the gym. Well we got the chance to check in with […]

The Secret to Getting Rich in Tech is Being an Accountant

Colin shared this in ANR this morning but I'm just going to leave this here to make sure you see it: David Ebersman did well as CFO of Genentech, regularly making more than $4 million per year at the biotech firm. But his next career move brought far greater riches. When Facebook was in the market […]

Why Accountants Can (And Should) Take Over the Business World

We live in a world where everyone is trying to figure out what the hell big data means to them. But really, how much big data is there?

Life After Public Accounting: Creepy Reality Show Sidekick

Apparently a post I wrote last week came off as though I was criticizing the former Deloitte grunt who found her real joy in porn. In fact, I was celebrating her awakening. She isn't the first industry refugee and she won't be the last. As many of you are chomping at the bit looking for […]

Life After Public Accounting: How One Woman Chose Porn Over Spreadsheets

As you all may or may not recall, last summer we profiled a rising porn star who may or may not have gotten her start at Deloitte. We have yet to confirm that she did come from the green dot but we do know that she's still enjoying her post-public accounting career change, as per […]

Join Us for Live Chat About Life After Public Accounting on 02.28

Last month we had nice little chat for CPA exam candidates and it seemed to go rather well, so we're having another live Q&A, this time about life after public accounting and it will be hosted by yours truly. Get excited.  I'll have a few questions from the mailbag to get things started, but if […]

Retaining CPAs Is As Easy As Letting Them Work in PJs and Attend Boring Meetings, Says Guy

Before I begin, note that this article posted on CPA Insider specifically asks for your input. So please, once you have finished reading, reach out and let them know what you think. And copy me on your response if you're so inclined. Anyhoo, How to stop young CPAs from leaving public accounting is – as […]

Life After Public Accounting: Those Who Can, Do; Those Who Can’t, Teach

All busy season long, we'll be discussing exit opportunities for those of you feeling like overworked Chinese slave labor counting down the days from your cubes. Remember, there is life after public accounting, even if it doesn't feel like it now. If you've made a break for it and are living the life of your […]

Life After Public Accounting: Harassing Auditors For a Living Isn’t a Bad Gig If You Can Get It

All busy season long, we'll be discussing exit opportunities for those of you feeling like overworked Chinese slave labor counting down the days from your cubes. Remember, there is life after public accounting, even if it doesn't feel like it now. If you've made a break for it and are living the life of your […]

Is There Life Outside Public Accounting for Tax Accountants?

Are you considering a line of work that’s not so heavy on the Excel? Does your co-worker’s audible humming drive you crazy? Is it possible that you’ve been working too hard and are just hearing things? Email us your questions and we’ll make it stop. Hey GC, There have been a lot of articles lately about […]

Is AICPA Membership Worth It?

Facing a professional dilemma? Stuck between a rock and a cubicle? Worried that your ambition may be mistaken for desperation? Get in touch and we'll try to walk you through it. Hello GC- I've recently jumped the public accounting ship (hooray for fewer hours!). I've always known I would keep my CPA license up and […]

Advice From a Partner On How To Make Partner For Those Who Don’t Want to Be Partner

We now present to you, dear GC readers, the third of our potential Going Concern freelancer submissions. Let's give Andrew a "warm" GC welcome! There were four of us in the car at the time.  I was the senior; there was a staff person, the manager, and the engagement partner.  It was a second or […]

Some Guy Who Spent One Year as a KPMG Auditor Is Now CEO of the Next New/Soon-to-Be-Failed Professional Football League

Tommy Craggs has a big scoop at Deadspin today about plans for the Spring Professional Football League which, according to one expert, "is XFL redux without the pizzazz and the McMahon baggage, but with all of the other flaws." Sounds like a winner!  The confidential summary includes a private placement memo and all the gory details […]

Former KPMG Partner Wants a Job That Is Worse Than Being a KPMG Partner

I kid, I kid. There are plenty of KPMG partners who couldn’t be happier if they were PwC partners. ANYWAY, that’s beside the point. What is the point is that former House of Klynveld partner Leslie Coolidge is running for U.S. Congress in Illinois’ Sixth District. Why would a seemingly normal person CPA opt for a career in the dungeon asylum hellhole that is the House of Representatives? Well, she has her reasons:

“Like many of us, I have become increasingly dismayed by the apparent unwillingness of our current Congress to address the critical issues facing our country today,” Coolidge, 52, said. “As I watched the brinksmanship this summer as Congress actually considered letting our country go into financial default, I knew I could no longer sit on the sidelines. As a CPA, I can delve into and understand complex financial matters and create innovative solutions that make sense. In addition, much of my career was spent negotiating among parties with divergent views to find ways to successfully move forward, something Congress is not doing.”

An agent of change! A uniter, not a divider! All that crap! How could it go wrong?

Coolidge announces candidacy for Congress [NS]

Tax Intern Wants to Know What Job Opportunities Exist After a Three Year Stretch at a Big 4 Firm

Ed. note: Willing to take some advice from three strangers and peanut gallery full of overworked, underpaid paper pushers (aka spreadsheet jockeys)? Email us at [email protected] with your problems.

Hi!

First I just want to say that this website made all the down time during my Big 4 internship bearable!! Seriously, there are no words to express my gratitude!

I’ve learned a lot from your site, and I’m kinda hoping you can give me some advice…

Right now I have a full time job offer in Tax, but lately I’ve been questioning if this is the right move for me.

Honestly, I don’t think I can handle more than 3 years of public accounting, so I was wondering what job opportunities there are in the private sector for tax professionals with only two to three years of public accounting experience? (I feel like the focus is usually on audit, so I’m finding I don’t really know a lot about the tax world outside of the Big 4).

Also, I would eventually love to work for a nonprofit…would I have better luck at finding a job in this sector with an audit or advisory background, as opposed to tax?

Thanks a million!!!!

Clueless

Dear Clueless,

Thanks for stopping by GC this summer and squeezing us into your “busy” internship days. (Shameless plug – remember to talk about this site when you return to campus this fall. We’ll be talking about recruiting on a regular basis).

Let’s assume that you are going to accept the offer for Big 4 tax. Maybe you have an MS in tax. Maybe there are not any audit positions available for campus hires. Maybe you have a crush on the lead engagement partner. Not my biz. Whatever your situation, you should be focusing on making yourself as merlo-rounded as marketable as possible. A few ideas:

1) CPA – Not even a question. Get it done immediately.

2) Request an audit rotation – As you experienced this summer, there are times when things get a bit slow for tax professionals. Request short term rotations into audit where you can receive additional exposure. This will be marginally easier to do if your CPA is already completed.

3) Seek out non-profit clients – It does not matter if your experience is on the audit or tax side; the goal here is to receive client exposure for a look at the culture/business model/workplace environment at some of your local NFP’s.

4) Volunteer – If NFP clients are not an option, try to find time in your schedule to volunteer. Like any new job possibility, you should research what life is like at a non-profit before jumping into the career move.

As for private sector jobs, with 2-3 years tax experience you’ll have little trouble, as many businesses are trying to do more tax work in-house as opposed to contracting it out to their CPAs. I’d encourage you to stick it out until Senior Associate if you can, since this will give you ample opportunities outside the firm (and maybe a nice get-away). Good luck.

GCers – your thoughts?

Life after Public Accounting: Is the Grass (aka Money) Really Greener?

As summer winds down, those of you that are still living the Big 4, et al. life may be wondering if you’ve squandered the last couple of months getting overserved on patios and roofdecks, spending hours by the pool and vacationing to exotic locales. You might say, “All this time I was having FUN, I could have been looking for my dream job. What was I thinking?”

For those capital market servants whose past season was simply too much to bear, you probably aren’t saying these words and have, at some point, spend a few weeks (or several) trying to find that perfect new job. For those who did finally pull the trigger on their public accounting career, a plea from a reader:

Can you guys do an article on the types of jobs (read: salary increases) former Big 4/public accountants have taken in industry (or somewhere else) after leaving this past busy season? I need a reminder of why I still work in audit.

Typically, auditors are in constant “remind me why I do this” mode but for the purposes of this post, we ask that tax and advisory professionals give the lowdown on their new gigs as well. Possible topics of interest to keep in mind when commenting:

• Did you simply leave for a bigger salary or bonus or were there work-life issues? If so, were your expectations in the marketplace met?

• Did you leave for a private company, nonprofit/government or – GASP – another public accounting firm?

• Is anyone going back to school?

• Anyone just saying fuck it and getting out of the numbers game altogether because they realized that money isn’t all it’s cracked up to be?

• Grabbag.