/biz/ - Business & Finance

>>53545946
>senior accountant

>>53545946
You're in a great position to rob the estates of deceased clients blind.

>ECB banker
I will not stop until 70% of all wagies are homeless

Controller and director of finance at a private equity rollup
;_;

>>53546100
you looking for a manager? i'll come work for you, $150k/year fully remote.

>>53546138
I actually am. But managers are not PE visible so their salaries are regular pleb level. 110kish.
Director and above make a massive premium ad they are above the invisible line.
Where you located?

>>53546405
that sucks, i always wondered how PE-backed salaries work. i know the CFO can make big fucking money if they do their job "right" and commit borderline fraud so as to pump EBIDTA -- speaking from my experience auditing a PE-backed shitter that was later sold off to another retarded business for laughable amounts of money.

i live in philly and work remotely for a very big corporation based in the northeast.

>>53546405
I’ll do it for 110k. Located in Hawaii, but I’m used to working weird hours.
ngosarentpeople@gmail.com

>catboy escort

>>53546455
The difference in salary if you are brought in by the peg versus hired by the company is close to 50% and we typically get equity, annual bonus and executive insurance while preaching to the company to "tighten the belt".
And yes we pump ebitda, thata my job, but rarely fraud.
For anyone reading, if you are going to work soulless hours in finance, switch to peg, at least the payout is better

>>53546641
*I never commit fraud.
The "rarely" comes from I've heard some companies get really "creative" not as common in current year tho. Everyone's making money hand over fist without it

>>53546677
>>53546641
Used to work in fraud, can confirm.

>>53546641
> if you are brought in by the peg versus hired by the company
accounting employees of the PE firm, you mean? i always assumed they outsourced that to """advisory""" firms, if the acquisition's existing staff were incompetent.

>>53546714
No. A staff Accountant at a company owned by a peg is courted by the company itself and knows very little of whats really going on. A director of vp of finance (who will work at the company just like the staff) is courted by the peg (or at the very least vetted).
The auditors are 3rd party, usually top 10 firm.
The peg itself has analysts, but if your name doesnt end in 'ein' or your dad doesn't play golf with a senator, your not going to the peg itself

>>53545946
whats your position and income?

>>53546100
do you have cpa?

>>53548442
Na. I have the superior cma.
I came up thru the finance side and only agreed to be a filthy controller because they offered me 2% net proceeds at exit to run both departments. I figure it offsets tainting my resume with an accounting title, although I may leave it off xD

>>53548936
>finance
like corporate fp&a or something fancier? i've been thinking about trying to jump to fp&a rather than accounting, since it seems fp&a managers can be mental retards and still succeed.

>>53548936
Finance is definitely superior, since you have to actually use your brain instead of just crunching numbers in excel all day.

>>53549075
most people in corporate finance are literal brain dead retards.

>>53545946
>biologist

>>53549118
Yeah, but they’re successful retards anon. I’ve never once met an accountant who didn’t seem to be on the brink of killing themselves.

>>53545946
Self employed accountant. Charge $125 an hour to process w2s. $75 an hour for bookkeeping I farm out for $15. Life is good.

>>53549166/
i'm at a fortune 20 and they make about the same as accountants.

>>53549198
Right. The person who‘s got better work life balance going on while making the same as the guy who practically lives in his office is better off, is what I’m saying.

>>53549171
based. CPA, how much experience do you have? how did your get your clients? i thought about doing bookkeeping but i'm nervous about it.

>financial advisor

What's being an accountant like? I see tons of listings for positions where I'm at. Currently a WFH data entry wagie so it doesn't seem like a massive change in terms of actual work.

>>53545968
>FOMC chairman

>pilot

Graduating next year with a bachelors in accounting, should I get my CPA? I want to work private, eventually wfh since I hear if you're savvy with excel you can automate a lot of what you do

>>53551632
my dad was a CPA, retired last year working for a small (7 people) investment company for 20 years in LA. He did have to grind for a decade working those real shit accounting jobs. I think he was making about 200k.

>>53546054
Thank God there's no real hotties in this photo.

>one life
>become an accountant
Over.

>>53545946
Mom is thinking about putting all her assets in a trust for when she dies. Is this a good idea?

Should I get experience as a manager if I don't know what I want to do and I'm looking to make a lot of money? I have some experience as a project manager in tech but I made fuck all.

I'm the assistant manager at a gas station

>>53545946
>Doctor

Writer

>>53545946
A canadian guy told me he got a 4.0 and makes 200k a year at 27. Maybe you guys should have studied harder and given your boss a good handshake.

>>53546054
girl in the left front corner is kinda qt but needs to learn how to smile less menacingly

>>53551465
At lower experience levels it's mostly just advanced data entry. Maybe a little harder than what you're used to but still boils down to sitting on your ass and messing with spreadsheets all day. At mid level it mostly involves tard wrangling the staff accountants and making sure they don't miss things. At higher levels, when you're a partner or getting close to it, it becomes more of a sales job and you spend most of your time talking to clients while delegating the actual work.

>>53553840
She will only become more menacing the longer she spends in that job.

>>53553847
That doesn't sound too shabby. Already jumped the gun and sent some resumes out and looking up some quickbooks videos on youtube since that seems to be a common req. Anything else worth knowing?

>>53555803
To be honest, analytics is kind of soul-sucking. It’s boring, tedious work, and once you become known as the “smart data guy”, people will think you’re the wizard of Oz and can just magic a report up out of nowhere for them at a moment’s notice.
The smart thing to do is automate as much as you can, tell nobody, then use the extra time for yourself.

>>53555953
I'm braced for boring work if it means having a well paying job with potential WFH. My current gig is cushy and has nearly zero oversight so long as I don't inconvience anyone but I'm willing to sacrifice comfort for actual progression.

>accounting temp

just about to start internship at big4 audit