r/Accounting • u/nwmbacpa • 11h ago
Career I would never tell anyone to go into accounting.
They say there’s a shortage of accountants/CPAs. I’m not seeing that at all. Every job on LinkedIn has at least 100 applications in less than a day.
I have a CPA, MBA, and 7 YoE in industry and struggled to even get an interview for a senior role in industry. With all of my education and my CPA, I have put so much time into this career and it feels like I’m running in place. The CFO at our company makes over $250k, meanwhile the next person in line (Accounting Manager) makes only $90k. I make $70k. I just heard about a friend who passed her test for a Board Certified Behavior Analyst (BCBA). She just signed a contract for $60 per supervised hour with a guaranteed 25 hours. That’s just shy of what I make now working over 40 hours a week.
It just feels like these companies expect the best of the best with countless requirements for education and experience — yet the pay is just not there. It’s getting frustrating and I am too the point that I steer people AWAY from accounting rather than encourage them to start this career.
EDIT: I live in a LCOL to MCOL area and these salaries are pretty on par for the area. My main point is that the effort it requires to obtain a bachelors, masters, and a CPA is not really worth what you get out of it IMO. There are other career paths that take less effort to break into and you don’t have to put up with the BS that comes with most dysfunctional accounting departments.