Accounting and Finance

If you're doing it to become an accountant get an apprenticeship, of you're doing it for the uni life, go nuts, its piss easy so you can have fun

Fucking based

Not doing finance degree but took an accountancy module, some potentially hard stats involved but I take maths so it's a little hard to gauge

>have finance degree from average state school
>Never did anything with it and work for $20 an hour installing graphics
>It's been 4 years
It's too late isn't it?

Ask someone who has his series 7, 63, 66, 2/15 insurance license, and is a Certified Financial Planner™ professional anything.

>tfw 9-5 job M-F
>tfw work out before work and sometimes after
>tfw pretty nice paychecks

tomorrow is payday boys

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post more of these. i want to see them all

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How did you get into it?
What school did you go to?
Does school matter?
How into internship?

Thanks

>how did you get into it?
Honestly, kinda by accident. I never had a real interest in securities/capital markets finance until I talked to a fraternity bro of mine who worked for a major firm. I did study business management in college though...so you should try and get a degree in business if you are interested.

>what school did you go to?
Florida State University. Or as I like to say, the Harvard of North Florida/South Georgia.

>Does school matter?
Not for what I do (essentially sales, money management). If you want to work on wall street and/or for mutual funds or hedge funds, then yes, it does.

>How into internship?
Look at major brokerage houses (Fidelity, Schwab, Merrill Lynch, etc) career page on their website. A lot will have internships posted.

A lot of the guys I know in finance are bros. They are driven and disciplined individuals. So naturally, being Jow Forums falls into the lifestyle.

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I'm a CPA/owner of firm AMA

Thanks, very helpful. Hope you have a nice weekend and life :)

why do you guys have to be so disgusting at every possible juncture

stop kinkshaming

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No, in fact it has nothing to do with Jow Forums. You should ask for undergrad advice on Jow Forums

shit and shit

go to Jow Forums. as a matter of fact you don't need a degree, be a professional crypto investor

but honestly business degree is a typical stacy and chad degree. Not too hard to earn one and you'll have a fun time around bros and hoes. As long as you're good with networking during and outside of school, there's no reason not to get a decent job afterwards.

t. finance graduate 5 yrs ago now run a private equity firm with a partner.

what kind of salary are we talking about? People advise against making job choices purely based off salary prospects but i don't care

/thread

A classic

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115k base + optional commission and bonuses, though not expecting to take any bonuses anytime soon, we are hiring more staff and reinvesting in growth

only joined the firm for a year and a half, firm fairly premature only operational 4 yrs ago.
mind you i had over a year of experience in internships at the big banks during school any leveraged my network

...

How difficult is it to run your own business as a CPA? I'm planning on doing the same

How many years did you work for a company before you decided to go on your own? I wanna go the same route, preferably after 5 years or so

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Try and get an internship in accounting or finance before you commit to a degree. I jumped in and got an accounting degree but I can't stand the environment. I came up blue collar in construction and the military, obviously white collar is cleaner but so fucking boring. cubicles, awful people who just want to gossip about bullshit

I bought into the hype of money, job stability, etc. It is all true but not worth my happiness.

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I work in B4, staff one just passe CPA. I work long hours but after three years it gonna pay off boys. My future is bright, now i just need to learn how to start dating.

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>tfw human drama at work
jesus fuck 90% its the females cause with males you just tell em to shut the fuck up.

Not bad, I have a staff of on other who is like office manager / staff accountant

I actually started at a small firm, the guy retired and I took over.

How hard is it to break in to the PE industry without any M&A experience?

I’m a finance major but have no networking skillz. Don’t know anyone in the industry either but I have perfect grades. Got an internship at a major insurance company for the summer but I don’t even want to do insurance ...

CPA here

Work in insurance.

I have my undergrad in finance. Worked at a bulge bracket bank for a few years post undergrad and currently work on a trade desk at a buy-side firm. I roll into work at 9:00am and leave around 4:15pm. I get catered lunches, there is a gym in my building, ridiculous 401k match, fully funded HSA, and my signing bonus was more than the average middle class family of 4 annual income.

It's a pretty good setup if you're good at it. The flip side is if you suck you're gone and once you're booted from a good firm good luck finding something similar again. Well above average pay, well below average job security.

So an actuary?

Leas fit career ever limits time, sedentary, and ugly coworkers

Not if you’re CPA nigger.

Any tips for a undergrad who wants to eventually break in to the buy side? Also do you think writing the CFA will help?

All the big firms I interviewed with just sounds heaven sent. Paid lunch and dinner + free gym and Ubers home after a certain hour at the office

True. Most finance jobs aren't as lucrative as working at a buy-side hedge fund, I'm just saying it's one of the possibilities.

Public accounting blows, you work 6 days a week during "busy season" and pull continuous 10-12 hour days, so maybe you can make partner in your early 40s and start actually making real money.

>going into debt to get a degree that will be replaced by AI

Take 2 years to learn a trade, bro.
HVAC, Plumbing, Electrical, etc. Just about anything will land you a job that pays well and has nearly unlimited opportunity and tons of security. Hell, even fencing contractors make 125k in some areas.
Current tradesmen are all old as fuck and there aren't enough people to replace them.

You'll be in a far better position when you have a valuable skill nobody else has, rather than having a shitty degree 300,000 other starving idiots have.

Thanks for the redpills ,Chad

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I'd try to get an internship at one of the firms your interested but that's easier said than done. Honestly networking with people at the firm(s) you're interested in goes along way. I've had plenty of students send me random emails asking for advice and I've always replied. If you're lucky enough to get an interview make sure to know your shit though and come prepared.

The CFA designation is definitely a huge boost for any buy-side firm. I'm sitting for level II in June, wish I would had started the process earlier but it's very valuable.

No most people do 3-5 years, then fuck off to go be a controller. More money less stress, and companies will always need a controller.

>cause with males you just tell em to shut the fuck up.
Not really. Most guys are pussies and aren't confrontational. So you tell them to shut the fuck up, and they passively aggressively hold that against you. Either to get you fired or spit in your lunch everyday. There's a reason most of these guys are working in a comfy cubicle as opposed to a construction site...they soft

No, actuaries do Reserves. I do Statutory.

Accounting is ez math

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Any CFA niggers in here?

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Aw man I really hope that's not true for most firms.

Writing level 1 in June. Reading FRA makes me want to blow my brains out.

Is this just a thread for us to talk about our majors? It doesn't seem like there's any real criteria for what a Jow Forums major is with maybe the exception of an exercise science/applied health science major.

Philosophy major with a double minor in polysci and math btw.

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Kek yeah that shit is dense as fuck.

I'm doing level I on December. I hope I can get into IB internship with a bachelor in civil engineering

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Are you working as a CFP? Do you enjoy what you do?

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>Philosophy major

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You are going to need more than the CFA level 1 to get into IB

Office work is office work no matter where you go. Some peoples personalities are suited for it, like I said I'm not one of those people. I was chasing money and career security (which is there), but just to boring for me. Staring at spreadsheets all day is fucking brutal. Now obviously things get better if you can make it 5+ years as a low man on the totem pole and climb into management roles.

>this is all accounting related not finance

but many of the finance guys I've met have all been alpha or wannabe alpha doucebags

The point of my blogpost is to make sure this is what you want for your life. Seek happiness above all else.

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online.wsj.com/public/resources/documents/info-Degrees_that_Pay_you_Back-sort.html

note that philosophy majors make more than chem, biology, accounting and business majors by mid career you fucker :)

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meme

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>philosophy majors make more than chem, biology, accounting and business majors by mid career you fucker :)

How.

There's nothing impressive about sliding into a life of mediocrity.

The careful omission is the part about how there are no jobs in those specialities.

This is like saying

> Just get a degree in art & history then be a curator at your local millionaires art exhibit. > 100k guaranteed.

To a retard you see that and say

> lmao brainlets not getting an art degree so they can make 6 figz just standin around talkin bout shit.

I’m about to intern with b4 in SJ over summer. Any tips to not look like a total retard?

You will be a total retard, that just the nature of things, dont be a dick and your good. No one really ever stops being a retard because you learn something new everyday.

t. Liberal arts degree

has to compliment good internships and recommendations

Just getting an accounting degree maybe, but passing the CPA is impressive

Im interning for accounting right now and it sucks
Its always something
Nothing ever fucking balances
Nothing is ever done the same as something else
Every fucking thing is its own exception

But i guess thats why accountants are needed.

Not smart enough to do the math for tech or stem so business path it was. And fuck management. Spent years answering for other people.

Stay away from finance. That shit is a scam.

i might be starting an accounting job soon is it proper hard work? what can i expect?

Accounting is a cuck profession. Alpha Chad bizbros and investors fuck around and make huge multibillion deals and you get to clean up the sloppy mess and make crumbs in comparison. The job requires little initiative, creativity or leadership.

Thats why i picked it.
I did the i initiative and leadership in ther army for 8 years.
Im ready to stop answering for retards and being in charge of absolute morons.
Just give me the spreadsheet and get the fuck away from me.

Theres nothing cuck about accounting. Accounting makes those mergers possible while your "alpha chad" managers are bending over backwards trying to aquire other segments like "more stock? Can we offer you more fucking ownership of our current company while we buy yours."
Literally sucking PR cocks "hurr we support trans faggots our company is so progressive...why is our revenue falling?"

Get fucked business fags. You didnt choose accointing because intermediate was too scary and cost/costing was too hard.

Have fun with your "marketing and S A L E S internships" answering phones.

how stressful is your career, generally speaking?

Investment Banker is the most Jewish career ever.

CPA is a absolute meme. In the summer of 2nd year of uni I worked union "labor" with my dad and made $25k in 3 1/2 months. I contemplated quitting school and working a few years with the old man but everyone told me I was being a dumbfuck and the CPA would pay off. So after 4 fucking years of schooling I am looking forward to making 36K/year at a big four in Vancouver; a city where the average house costs 1 million dollars. So do the math

Year Accounting | Labor | total acc | total labor
1 -20,000 80,000 -20,000 80,000
2 -20,000 84,000 -40,000 164,000
3 -20,000 88,000 -60,000 252,000
4 -20,000 92,000 -80,000 344,000
5 27,000 96,000 -53,000 440,000
6 40,000 100,000 -13,000 540,000
7 50,000 104,000 37,000 644,000

So assuming the laborer isn't a total fuck head and knocks up his high school sweetheart and buys a lifted truck the accounting cuck will never catch up. Especially considering the laborer can put at down payment on 2 million 10% cap rate property after 5 years making a cool 200,000/year extra. And yet CPA cucks will try to defend this.

Have fun labouring in your 40s and 50s mate

Dumbass. “Cuck” accountants become CFOs making millions by the time you’re literally manually laboring in your 50s

BRAAAAAAAP

*BBBRRRRAAAAAAAAAAAAAAAAAAAAAPPP*

kek, if your smart you can retire in your 30s. You can purchase a 2 million 10% cap rate property while the accounting cuck still has a negative networth. Plus you accounting cucks have no real clue what a "labor" job is. You guys think people are working in coal mines? No we sit around 90% of the day in trucks then WORK HARD for 2 hours.

Do you UNIRONICALLY think that laborers are retiring in their 30s?

Yes, like >100 people out of millions of accounts who will then need to dedicate there lives to it. Plus laborers can easily be making millions in there 40 if investing there money right.

Most laborers work until they are 50 which is when their bodies start failing.

Yeah if bet that things philosophy and polo sci have the most dual majors. Econ is probably up there since they set it up that way for some reason. I was actually really saddened when I learned there was no econ history or theory. It's all about current markets.

>4 years of school
>making 36K annually
>here i am working at a credit union
>started with my background composed of just being a cashier
>6 years in with a 401K that doubles 4% of my annual salary and matches another 3%
>make 43K annually

I mean I'm lucky to get in here with a shit background and no schooling.
I feel bad for ya, son.

Definitely not but there is no reason they couldn't if they didn't invest there money right. Look at the numbers not what other people around you are doing.

Year Accounting | Labor | total acc | total labor
1 -20,000 80,000 -20,000 80,000
2 -20,000 84,000 -40,000 164,000
3 -20,000 88,000 -60,000 252,000
4 -20,000 92,000 -80,000 344,000
5 27,000 96,000 -53,000 440,000
6 40,000 100,000 -13,000 540,000
7 50,000 104,000 37,000 644,000

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>tfw working in tax earning absolutely fuck all
Shouldi try get out now or wait until i finish my CA (CPA)?

Yup, accounting is meme. Sad thing is all these kids think there the shit and so much better than people who work in mills and make 80k year straight out of highschool. Luck for me I'll inherit $$$ from my parents so it's fine in the long run.

>CPA
>$36k
>Called a CPA in Vancouver Canada

Yeah no LARPer

Where do you live where laborers make 80k their first year?

CFA has little to do with sell side. I mean it won’t hurt you but it might not be the best way to use your time.

IB will eat your fucking soul.