Originally posted by: FlyLice
Originally posted by: Orsorum
Big 4 with an MPAcc in Tax (what I'm going for) advertises starting at $58,500. My friends who are going into audit straight out of undergrad are making around $45,000, IIRC, working for one of the Big 4.
Good website: www.bls.gov; learn it, love it, when you're looking for jobs, at least.
BTW MAcc is worthless. MBT however is somewhat worth it.
MBT?
CPA is varies from state to state.
for example, in NY, you will need 2 years of working experience before they will give you your CPA. you can take it right out of college, but you won't get your CPA until you have 2 years of working experience.
your friend won't pass the CPA exam.
for example, in NY, you will need 2 years of working experience before they will give you your CPA. you can take it right out of college, but you won't get your CPA until you have 2 years of working experience.
your friend won't pass the CPA exam.
Originally posted by: Orsorum
Originally posted by: FlyLice
Originally posted by: Orsorum
Big 4 with an MPAcc in Tax (what I'm going for) advertises starting at $58,500. My friends who are going into audit straight out of undergrad are making around $45,000, IIRC, working for one of the Big 4.
Good website: www.bls.gov; learn it, love it, when you're looking for jobs, at least.
BTW MAcc is worthless. MBT however is somewhat worth it.
MBT?
Master's in Business Taxation (I think basically what you're going for so you're in the clear. Don't get lured in to regular master's in accounting, they only make like $4,000 more than non-master's and tuition + board is like $40,000 at a private school not to mention opportunity costs/forgone salary for 1 year)
Originally posted by: Orsorum
Originally posted by: FlyLice
Originally posted by: Orsorum
Big 4 with an MPAcc in Tax (what I'm going for) advertises starting at $58,500. My friends who are going into audit straight out of undergrad are making around $45,000, IIRC, working for one of the Big 4.
Good website: www.bls.gov; learn it, love it, when you're looking for jobs, at least.
BTW MAcc is worthless. MBT however is somewhat worth it.
MBT?
PS definitely go into tax. Audit is really suxor after Sarbanes-Oxley. Plus you get paid more. A lot more with MBT.
did anyone on here pass their exam on the first try? iirc national passing average is like 15%, is that number exaggerating the difficulty of the exam?
Originally posted by: DaWhim
CPA is varies from state to state.
for example, in NY, you will need 2 years of working experience before they will give you your CPA. you can take it right out of college, but you won't get your CPA until you have 2 years of working experience.
your friend won't pass the CPA exam.
I thought the new pathway was for all of the US but I may be wrong.
And I agree, his friend won't pass the CPA that shiz is uber hard now so you gotta shell out $2500 for Becker-Conviser.
You are definitely not exaggerating. It is uber hard to pass. My senior (4 years exp) failed like 3 times in a row. He still has to pass 2 more sections. I think it's especially hard because you gotta work 55 hours a week and study at the same time.
Originally posted by: FlyLice
Originally posted by: Orsorum
Originally posted by: FlyLice
Originally posted by: Orsorum
Big 4 with an MPAcc in Tax (what I'm going for) advertises starting at $58,500. My friends who are going into audit straight out of undergrad are making around $45,000, IIRC, working for one of the Big 4.
Good website: www.bls.gov; learn it, love it, when you're looking for jobs, at least.
BTW MAcc is worthless. MBT however is somewhat worth it.
MBT?
PS definitely go into tax. Audit is really suxor after Sarbanes-Oxley. Plus you get paid more. A lot more with MBT.
The University of Washington offers two Masters of Professional Accounting programs: Audit & Assurance, and Taxation. A&A is really designed for those who need the extra credits to meet the CPA education requirements. Taxation is (apparently) more of a legal degree that focuses on transforming us into professional tax accountants.
And I have some friends going into Audit - just doesn't hold the same appeal as tax.
The CPA exam is a little easier now than before because you can now take it in sections which means you can study like crazy and focus on one section at a time.
but of course, that would mean it'd take you 3 years (or three tries, not sure how many times you get to take it each year) to pass.
in sum:
it is possible to take the exam without work experience (in CA at least)
it is fvcking hard
it is possible to make 50k/year on start, BUT he'll have to work his tail off... and then some
since he's never had a real job, he'll probably fry.
got it
btw, he's not a bad guy... but everything gets handed to him rather easily. It might be good for him to fall flat on his face.
it is possible to take the exam without work experience (in CA at least)
it is fvcking hard
it is possible to make 50k/year on start, BUT he'll have to work his tail off... and then some
since he's never had a real job, he'll probably fry.
got it
btw, he's not a bad guy... but everything gets handed to him rather easily. It might be good for him to fall flat on his face.
He will make good money over time. Essentially becoming a CPA and just sticking to it would not help. After getting through the CPA exam a starter job is normally offered in any financial company like Ernest Young etc. The startup salary is not very good I think 40k is normally what they offer. Once you startup make sure to stick with that company for a couple of years. Get the in and out of the business. Acquire a CPA license. There are two ways then one would be start getting more certifications and gradually grow up the ladder. The other is start your business tax etc and start ripping off people. So after 5 yrs if you are a decent hard working guy, you will be up near the 100k mark or make way more than 100K if you do taxes etc.
You have to pass all 4 sections within a rolling 18 month period. I think most review courses are recommending 6 weeks of study between each section, or 6 months total.
Big Four starting salary in Los Angeles is now $47,000 because of the Sarbanes-Oxley act causing us to work extra = bill more hours = your salary goes up. $47,000 start salary out of college with undergrad is pretty darn good. Plus salary adjustments each year are 20% to 25%, unlike other professions which average 3%.
Originally posted by: Gulzakar
in sum:
it is possible to take the exam without work experience (in CA at least)
it is fvcking hard
it is possible to make 50k/year on start, BUT he'll have to work his tail off... and then some
since he's never had a real job, he'll probably fry.
got it
btw, he's not a bad guy... but everything gets handed to him rather easily. It might be good for him to fall flat on his face.
I wouldn't be surprised if Big Four reject him. He'll have a hard time getting a job at smaller firms without experience. What college does he go to?
oh i thought there were 3 sections. Damn I didn't know you had to pass all within an 18 month period. That sucks
I'm also looking to take the CPA test within the next 2-3yrs. I still need to take a couple accounting classes to meet the CA requirement. I currently work as an auditor for the state gov't.
-Accouting course you can take at Community College (i think)
-CPA test prep Becker Conviser (like $2500)
-Public Audit/Assurance $$$$ > Govt Audit $
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