How much an Accountant makes 💸

[@kickkids8500]

Accounting is actually fun. Memorizing income statements, balance sheets and other various statements is definitely tedious, but don’t let it discourage you from trying Accounting out. It just takes someone with dedication, critical thinking, and reading skills.

[@123meyca]

Im finishing my BS in accounting now. Is it really worth it? it seems like the amount of work we do to get board ceritified doesnt qualify for the amount we get paid.

[@rohanvyas9325]

@@123meycadepends where you live. At least in canada, in major cities job market is highly inflated. Even with bachelors degree you’ll need coop/work experience to land entry level accounting job

[@maxmustermann4046]

@@rohanvyas9325 is it easier to get an accounting job in a firm or in big 4 audit?

[@rohanvyas9325]

@@maxmustermann4046 depends, some of my friends are enrolled in cpa program so they got job in big audit. For me, it was easier get accounting job in a firm

[@sheikhmohammedbinsalmanals5705]

True

[@goddessvibes08]

He deserves more. Accounting is quite tough.

[@TransientNeurotic]

Accountants are capable of doubling or even tripling their salaries within the first 5 years of their career (or less). We are quite well remunerated so long as we are pursuing salary growth.

[@B1gBossMan]

From what i've been thought throughout secondary school it's's actually quite easy. You just need to practice alot and understand the concepts and rules.

[@notjohnAtall]

@@B1gBossMan You could say that for almost any field. I am a software engineer, most people think it's complicated;it's not get the basic practice a lot and work with the best. Almost all fields are like that, the details is in the "basics". Some basics are tougher than others congnitively

[@B1gBossMan]

@@notjohnAtall yes I suppose almost all fields are that way. Accounting has a lot to do with memorization which would come from a lot of practice in the specific accounting sector.

[@notjohnAtall]

@@B1gBossMan Could be true. I don't know for sure. I did some accounting years back. I bet most accountant will claim it's also difficult. One mistake could have major impact compared to some other fields

[@user-yu3qt2wc6n]

I wouldn't say "At my own pace!"😂 or maybe I'm doing it wrong🤣🤣

[@davidlam3763]

Best thing is not having to pay taxes for himself. 😂

[@user-le4vy9uw3b]

Have’nt you heard of an auditor.

[@poochie2612]

@@user-le4vy9uw3b Accountants learn how to audit too dummy! If he’s smart to be an accountant then he’s smart enough to work around numbers and an auditor.

[@greensboss]

accounting pays fairly ok but considering the amount of work they give you and the horrible deadlines, i dont think its worth it. like bruh i started my internship like 1 month ago and i already feel exploited, they make me do the bookkeeping, taxes, reconciliations and financial statements AND i still have to study for my finals 😢.

[@hasinuz8930]

Do you recommend finance instead?

[@greensboss]

@hasinuz8930 for sure, the salary is better. I'm considering switching next year. I'm currently on my first year of master degree and I'm still doing my internship T_T I'm working overtime I'm stressed and depressed I'm not even well paid lmao now I'm sure I hate this job, you work a lot for a salary that's not worth half the time u spend working. I hate this job and I hate having no time to live. so it's a no no job for me

[@os12481]

is it just financial accounting, or are all areas of accounting like this?@@greensboss

[@introvertdude99]

@@hasinuz8930you can do finance with an accounting degree . So keep with accounting

[@Waridisubliminals]

What is finance? I’m studying in class 11 thought to become charted accountant but now I think I should do something else. What would you recommend?

[@galaxywolf656]

9-5 5 days a week but you’re free 2 days and still get enough to make a living (depends where you live), not bad. 😮😮😮

[@sethp26]

​@@user-zb6gb1zf2dit's good to have goals and direction but keep your mind open and see what parts of accounting/finance you do and dont like while going through it. Major in accounting obviously if you still want to at that point, but if you find that you like a different part of finance more or just anything more then dont be afraid of switching majors and try something else. It is a solid goal though and a good career

[@vladusa]

Uhhh and they are stressed a lot more because they need to remember a lot. And do a lot of stuff at night. And work late hours. and if they don't have their life in balance, they may be the most stressed "government" workers of our century as a class

[@chanpreetsingh361]

Could you tell me how much a CPA Canada makes ?

[@sethp26]

@@chanpreetsingh361 around 68k a year on average, can obviously get more than that as you get more experience though. Also depends what exactly you're doing and if youre working for the government or not. Tons of factors determine pay

[@chanpreetsingh361]

@@sethp26 actually i am an Indian Ca having work experience at big 4 for 3 year's and wish to work in Canada, as indian ca is not well recognised there so wish to pursue Cpa Canada. Btw thanks for replying ☺️

[@ceciliia8]

I want to be an accountant, I’m currently in college getting my degree

[@leo23196]

well goodluck, same here too, i hope this is worth it 🥹

[@itslammyyy]

also don’t forget to get your cpa when you get your degree you get so much more money!

[@hasinuz8930]

Same, hoping for the best 🤲

[@na-ra8701]

​@@itslammyyy what is cpa. I would love to be an accountant oneday. Explain please.

[@donjosue1000]

If you don't mind the long hours, try to get into banking first. The money is much better.

[@lilac624]

The man being interviewed is handsome 😊

[@lhughes6656]

Very

[@luv4destinyy]

For sure!

[@thatboylanga6072]

where i’m from, $70K is PLENTYYY

[@Coco_Chanel7]

Hey Im non-native Can CPA touch 500k in your country if they own a firm

[@thatboylanga6072]

@@Coco_Chanel7 yeah for sure

[@lunawense6288]

​@@Coco_Chanel7500K USD 😂 Maybe if you end up running a large company but highly unrealistic career goal unless your a CEO/CFO or have a large startup fund

[@notjohnAtall]

@@Coco_Chanel7 Most jobs can touch that of you own it. Own gives you lot of scaling possibilities

[@haidermoh.9937]

@@Coco_Chanel7 Either own a firm or pursue becoming a partner. Becoming a partner takes 10-15 years but if you're ambitious enough, it's can be very rewarding (financially)

[@JJ-ZUMA]

70k Canadian dollars = 40k British Pounds

[@BenhurBernardo1]

true. But, they pay less tax.

[@JJ-ZUMA]

@@BenhurBernardo1 What about cost of living?

[@zachhecksel2920]

$70k CAD = $52,500 USD

[@ecnalms851]

40k salary in UK is pretty good. Uk median salary is 26k I believe so 40k is quite a good salary

[@JJ-ZUMA]

@@BenhurBernardo1 They pay low taxes in Canada BUT, they have higher interest rates and higher mortgage rates/expenses. Cost of living in Canada is also higher

[@snake1844]

he makes the equivalent of like 52000 where i live you can make more out of high school lol

[@Greenbean5673]

He’ll make a lot more than that in 5 years

[@snake1844]

@@Greenbean5673 that applies to basically every job so its still shit pay lol

[@jamesvanderbilt201]

@@snake1844that’s not for for every job…most have a cap, and until you get a degree (business, engineering, etc) you hit a ceiling. accountants can make 150k after 5 years in most cities in the US and can work for big businesses and clear 300-500k

[@joro7304]

@@snake1844 So what do you expect to get paid straight outta high school? 70000, 80000, 85000?? Good luck finding a job that will pay you that much with a high school degree. Your bubble will be popped soon.

[@COOKIEM260]

I'm about to be an accountant, I need some money

[@ahmadraooof3531]

The heck do you mean by accountant (respectfully so), I mean are you becoming a chartered accountant or a normal accountant?

[@canitinmeghrajani5580]

Chartered Accountant

[@FujiMezu]

Is it better to do your accounting degree online or in person?

[@att2075]

Online it's probably a shorter route as well as more versatile time wise, cheaper tuition cost as well, i did mine from an accredited university here in California along with a couple internships in auditing and computer engineering, it works out well

[@FujiMezu]

@@att2075 Regarding your experience. Is it better to find an entry level position or an internship?

[@imhopelesslyaddictedtofent4266]

Online for first 4-6 semester then transfer to a cheap public school

[@shadowrealm6013]

Id move my schooling online and live somewhere cheaper

[@notjohnAtall]

Like where?. Can't think of a lot of places that either isn't too cold or have limited options when you need to change job

[@MrRK0121]

Be an accountant in the UK, you get half the salary

[@sahilkhan-yg1pn]

Difference between dollars n pounds.

[@HoodieBLK]

Thats not why lol@@sahilkhan-yg1pn

[@Kerrviii]

Currency flux?

[@MrRK0121]

Dollars and pounds aren't that much difference in currency flux. The accountancy profession in the UK is very common this leading to it being a competitive market and lower wages as people who are desperate to work will work for less. An accounts/finance assistant will earn around 25k, an accountant will earn on average 35-50k

[@jiimmiij4428]

But hey free health care

[@andrewschmitz609]

What’s he still in school for?

[@niklibelinski5512]

Probably pursuing CPA degree

[@123meyca]

There is alot of school that goes into accounting. Thats why people are leaving. Underpaid for the amount of certifications u need for a good wage. Also, you have to gain experience before you can be officially certified with any board.

[@FujiMezu]

@@123meycahow do I get experience before I enter the job?

[@heybushy]

Internships my friend. Going through one rn. Some even offer full-time jobs after too. It'll be your best shot! @@FujiMezu

[@fatimagh462]

​@@FujiMezu you become a trainee

[@naveedali1406]

Don't go into accounting, there's so much money in IT and analytics, going into accounting is the biggest regret of my life. It's absolutely not worth it.

[@ohexwhy1769]

why do you say that

[@naveedali1406]

@@ohexwhy1769 I'm currently doing ACCA, the job market is not very good as Pakistan is going through a recession but things were not good either in the years prior to it, but ppl with CS background are doing really really well, a friend of mine who's a SE was earning 260k pkr per month with 2 years of experience, she has now moved to Europe, it's much more easy to move to and settle in better economies if you're in IT which is the only goal I've ever had, just look at the Irish immi system for example, you need to work there for 5 yrs for citizenship but if you're in IT you can get it in 2 yrs. you earn much much more around the world if you're in IT. My cousin is in cyber security his first job paid him 80k per month. Data scientists are just killing at this moment. And We are not talking about outsourcing jobs here. The only way I can do well in my career is if I get a 3 year internship in the big 4 which is nearly impossible. And they'll pay me 5k per month for 3 years, consider that the travel expense to the office would be at least 7.5k, I'll pay out of my own pocket for the job, bcz of exchange rate the cost of ACCA has gone up by some 75%, it's now in millions of pkr. The job market outside of the big 4 isn't any good either. In the US there's a massive shortage of 380k accountants but still the enrollment in universities and CPA is consistently declining, simply bcz there isn't enough money. Bcz accounting is a cost centre, it's a necessary evil, businesses would rather not have it, finance and IT and engineering ect generate revenue. Go into CS or data science or engineering if you can, I can't stress this enough. My brother got enrolled in bscs in the no.1 uni in the country, he made the same mistake as I did, 7 yrs on he's still doing his CA. plus the toxic work environment is unthinkable, imagine the worst bullies and scum of the society, that's the sort of ppl he works with. We can go on and on but I hope you get it. (things like HRM and marketing are even worse)

[@uioppoouo]

Im in accounting and I use both IT and analytics to do my work 🤯

[@zachhecksel2920]

I would disagree. I'm a senior accountant making a total compensation of ~$113,300+ in a medium cost of living area (Minnesota) after health insurance costs for 2024. It's a government position, so 40-hour work weeks year round, great benefits, easy going boss/low stress, flexible. There's nothing wrong with going into accounting.

[@Walrusflores]

@@zachhecksel2920hey whats the best degree to get to be an accountant, I’m currently getting my business administration degree, you think that’s a good degree for an accountant or not really?

[@user-fz5tj9qi8x]

70k is less for there country

[@Gingy2002]

$70,000? Oof

[@SelyneMarthaAtieno]

Where can I get this guy juliano,I need some insights

[@YORICHI_SUN_DEMIGOD]

Same im 15 too I'm from India where you from can you help me by sharing some accounting Field info that you know.

[@canitinmeghrajani5580]

I need too.

[@remotejobs8044]

He makes $70,000 and is still in school. Hopefully, a pay increase when he's done. Masters?

[@MJI409]

im 15 and i want to learn how to be an accountant..

[@xenobestx8423]

mate your 15 you should be a kid, not worry about making money. You'll have all the time in the world to make money

[@MJI409]

@@xenobestx8423 bro im turning 16 soon does that mean i shouldn't be worried?

[@MJI409]

@@xenobestx8423 im turning 16 soon should i still focus on school and being a kid?

[@jinmori2735]

Don't listen to this random 👆, chase your dreams, just don't forget to have balance in your life.(although I'm a random to lol)

[@jinmori2735]

Don't listen to this dude👆, chase your dreams, just don't forget to have balance in your life.

[@muhammedshamnadmsd2339]

Aaaaa

[@Maddyabu]

Very less 70k

[@sayyedsahilhere294]

Then how much it would be ?

[@hungcapitalll]

I'm starting out at 60k 8 month update: I'm now a field engineer and I'm much happier. i left the job due to lack of engagement. All we did was sit at the computer and try to find a number all day for reconciliations. I was never taught reconciliations and that was just 1 client. The expectations werent clearly laid out for me and it was all procedural bs converging into chaos. Office environment isnt for everyone, including myself. I highly encourage anyone whose doing ANY degree to first intern in it before settling.And it wasnt a culture fit. I wasnt lucky enough to intern beforehand!

[@bunny_bubbles612]

@@SigmaMaleMan7 Well it depends on how much hours they work for

[@danceswithwolves7085]

​@@hungcapitalll you already an accountant, where ya from ?

[@hungcapitalll]

​​​@@danceswithwolves7085 East coast America. It's an entry staff position doing trial balance stuff. I'm pre-hired as my first day is in June. 50 base+ 10k cuz of mandatory overtime

[@sqd4944]

Accountant is such a saturated field nowadays that having a bachelor's degree is equivalent to having a high school diploma. If you want to be an accountant and get decent pay, you'd better pass 4 parts of the CPA exam or 2 parts of the CMA exam. If you study accounting and have no capability to pass those 2 exams, your career will be extremely tough as you will have to compete with newly grad accountants with CPA for an entry level job of $20/hour; let alone competing for mid-level job of $40/hour.

[@camg418]

Completely untrue, there are so many jobs available and not enough people to fill them and it’s only going to get worse -CPA from the states

[@camg418]

Your info is so inaccurate. You definitely don’t need a CMA. A CPA is all that you need if you want to become a controller or higher positions in a company. And you don’t even need a CPA to become move up in Private and make a good living.

[@mastert5618]

Accountants will be fully automated in a couple years.

[@angelmontiel3186]

Im going for account and management

[@hungcapitalll]

The AICPA makes it difficult for immigrants or anyone for that matter to become CPA certified by requiring an extra 1-2 years of school for no reason. Actually there is but i cant say. So thats an extra 10-40k you spend on tuition just to sit for the exam. I left the profession and make just as much doing better work for less stress. Also, the field will be automated within 12 years since microsoft bought openai.

[@os12481]

which did u move to?