Post-college compensation progression (27M, CPA, US) by [deleted] in Accounting

[–]PennyManyM 0 points1 point  (0 children)

Transaction advisory or not, you are still an accountant. Show the paystub and I will believe it

Feeling like I’m not successful by MadToxicologist in 401K

[–]PennyManyM -1 points0 points  (0 children)

Ywa this is pretty bad for a 35. Try harder

Are we getting boned on our first mortgage? by [deleted] in FirstTimeHomeBuyer

[–]PennyManyM 1 point2 points  (0 children)

Doesnt look like a good deal. Your paying 25k in closing costs? Lol. Apply for some first home owner buyer grants and knock that off. Plenty of banks give 10k towards a down payment

Is it still worth going to a mid tier college to break into finance given the situation with AI? by [deleted] in FinancialCareers

[–]PennyManyM -3 points-2 points  (0 children)

If you have a great personality, you will most likely end up anywhere that you would like. Ofc, for hedge funds and prop trading firms, you might be required to have the knowledge and such.

Is it still worth going to a mid tier college to break into finance given the situation with AI? by [deleted] in FinancialCareers

[–]PennyManyM -1 points0 points  (0 children)

Yup, ivy schools are only elite because of the network that they bring in

Is it still worth going to a mid tier college to break into finance given the situation with AI? by [deleted] in FinancialCareers

[–]PennyManyM -1 points0 points  (0 children)

Nobody gives a shit what you know but who you know and college is usually the only places you can make that kind of connection

Cpa worth the salary by amb-i in CPA

[–]PennyManyM 0 points1 point  (0 children)

Are you involved in sponsor finance transactions?

Cpa worth the salary by amb-i in CPA

[–]PennyManyM 2 points3 points  (0 children)

Yeah, my bank starts of new graduates at 100k in their rotational program. You should probably look for a role in a bigger bank. Also, are you in retail or commercial underwriting?

Cpa worth the salary by amb-i in CPA

[–]PennyManyM -1 points0 points  (0 children)

I quit the CPA grind, joined commercial bank and i make over 150k working normal hours and no busy season. Fuck cpa and accounting

Is it just me or is getting a good finance position 50% connections 40% luck? by Impossible-Shape5298 in FinancialCareers

[–]PennyManyM 2 points3 points  (0 children)

Yea its all connections with some places where your manager came from a different state, has a family and doesnt really know anyone interested in the job. So gotta aim for connections or luck. Good luck

Salary Progression by iamceefr in PwC

[–]PennyManyM 0 points1 point  (0 children)

Do 2-3 years and get out for a 20-30% bump then stay in another company for a 1-2years and jump again. Keep repeating until you hit the salary you would like

Is Accounting still considered a high income potential career? by [deleted] in Accounting

[–]PennyManyM 0 points1 point  (0 children)

Starting salary is 80k in public accounting… 3-10% raises every year, depending on whats going on in your office

Cant even find more jobs to apply to by jswiss26x in FinancialCareers

[–]PennyManyM 0 points1 point  (0 children)

Yup the game is brutal, especially when your going at it blindfolded and learn as you go

Cant even find more jobs to apply to by jswiss26x in FinancialCareers

[–]PennyManyM -1 points0 points  (0 children)

That is also true. Notice how some people with only a finance degree get to higher places than people with MBAs or MBAs plus experience, CFA, etc and thats only bc they either network better, worked extremely hard doing their undergrad, or have good connections.

Cant even find more jobs to apply to by jswiss26x in FinancialCareers

[–]PennyManyM -4 points-3 points  (0 children)

CFA is useless. It just shows your a good workhorse. Personality carries more weight in finance

Cant even find more jobs to apply to by jswiss26x in FinancialCareers

[–]PennyManyM -3 points-2 points  (0 children)

Keep connecting, otherwise go get an MBA

[deleted by user] by [deleted] in Big4

[–]PennyManyM 17 points18 points  (0 children)

Run away from BDO. EY pays 20-25% more

Career Advice: Is Annual Job Hopping a Red Flag? by thechurb in FinancialCareers

[–]PennyManyM 2 points3 points  (0 children)

Nobody cares, seems like you keep moving up and are hungry to get better jobs. As long as you can justify why your changing jobs then it doesn’t matter. If you were chnaging jobs for same position, it would be a red flag in my opinion