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Where have all the accountants gone? Long time passing. Where have all the accountants gone? Long time ago. Where have all the accountants gone? They left the Big Four every one. When will they ever learn? When will they ever learn? So continuing with our series on options for accountants who are leaving the Big Four, here are a few possibilities (click on the links for more info): 1.
Ever think of leaving the Big Four to go work for Uncle Sam? He already has like a billion accountants working for him. The U.S. Bureau of Labor Statistics estimates that government accountants and auditors averaged the following yearly salaries in 2008: Federal executive branch: $84,520 Local government: $56,160 State government: $52,560 The starting salary of junior accountants and auditors with the federal government was $28,862 in 2007.
The following is a great late-night video to watch after a short potty/vending machine break from crunching numbers. The questions is -- did these Angry Accountants make this video at 3 AM after their brains ceased to function from being overworked, or is this the under-utilized group with too much time on their hands during the un-busy season?
Another avenue of escape from the Big Four is to go work for a small shop with two or three principals and a handful of associate accountants. This is an attractive option for those who don't like being a small fish in a big pond: And would rather be a big fish in a small pond: But before you jump ponds, be aware of what you are getting into. Talk to people who have done it recently -- especially those at the firm you are going to.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
One of our readers asked whether we were aware of people leaving the Big 4 to take nice jobs. Of course. But it depends on what you call a nice job, and beauty is in the eye of the beholder. This is a good topic, so we will dedicate a few separate posts to it, exploring different avenues of departure from the Big 4. One very smart/dumb move that a lot of Big 4 accountants make is to leave the Big 4 to go to law school.
Have you ever been asked to work on a firm holiday, a scheduled vacation, or until 5 in the morning FOR NO GOOD REASON? It's one thing for a professional, such as an accountant, to work long hours when a particular project requires it. It's a completely different thing, however, to be forced to work at absurd hours simply because a particular manager requires it.
You may recall this scene from the Count of Monte Cristo , where after many years in prison, Edmond Dantes , receives a visit from a fellow prisoner, an old priest, who had spent the previous five years digging an escape tunnel in the wrong direction and ended up in Dantes ' cell. The old man tells Dantes that if they both work together, they can start a new tunnel and perhaps reach the outer wall to freedom in maybe eight years.
You may recall this scene from the Count of Monte Cristo , where after many years in prison, Edmond Dantes , receives a visit from a fellow prisoner, an old priest, who had spent the previous five years digging an escape tunnel in the wrong direction and ended up in Dantes ' cell. The old man tells Dantes that if they both work together, they can start a new tunnel and perhaps reach the outer wall to freedom in maybe eight years.
I heard from a working mother accountant yesterday. She works at Ernst & Young and has wonderful things to say about EY's treatment of working mothers. Just to give you a taste of how flexible EY was with maternity leave -- when she told them that she had decided to quit the firm rather than go on maternity leave because she wanted to take more time off to spend with her newborn than the existing maternity leave schedule permitted, the firm said, "Don't quit.
Here is some salary data for New York from Glassdoor: Deloitte Salaries in New York City - Glassdoor Salary Ernst & Young Global Salaries in New York City - Glassdoor Salary KPMG Salaries in New York City - Glassdoor Salary PricewaterhouseCoopers Salaries in New York City - Glassdoor Salary
Sometimes, when we don't see any way out, we just have to break through the wall. (Think Kool -Aid man.) Sometimes that applies to those with an accounting job that hate every day of their lives, and sometimes that applies to those who have lost their accounting job and hate every day of their lives looking for another accounting job. Below is an excerpt from an email a reader recently sent to us.
Unhappy. Very very very unhappy. If you are an unhappy accountant at one of the Big 4 or another big accounting firm, Angry Accountants is the place for you. Non-partner accountants at the big accounting firms have been exploited for decades: long hours, high stress, infliction of emotional and physical distress, low low compensation, and no overtime pay.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Q: What's better for your health than sitting in a cubicle hunched over laptop staring at glaring white spreadsheets in dim light for 8 hours every day for years on end? A: Sitting in a cubicle hunched over laptop staring at glaring white spreadsheets in dim light for 18 hours every day for years on end -- and not getting paid for it ! Before: After: There are currently a number of class action lawsuits pending against the Big 4 relating to the firms' practice of not paying overtime wages to jun
Word on the street is that E&Y might be anticipating that its competitor firms will soon announce compensation adjustments, and that E&Y plans to match those cuts after they are announced. Sounds a lot like parallel conduct in an oligopolistic market. If there is any evidence of an understanding or agreement between the Big 4 as to salaray cuts, it could well be a federal antitrust law violation.
Here is some data on Big 4 salaries in San Francisco from Glassdoor: KPMG Salaries in San Francisco - Glassdoor Salary PricewaterhouseCoopers Salaries in San Francisco - Glassdoor Salary Ernst & Young Global Salaries in San Francisco - Glassdoor Salary Deloitte Salaries in San Francisco - Glassdoor Salary
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