Thread: Speak it Out
View Single Post
Old 01-10-2020, 04:21 PM   #24628
Euro7r
Rs has made me the woman i am today!
 
Euro7r's Avatar
 
Join Date: Sep 2006
Location: Vancouver
Posts: 4,173
Thanked 1,361 Times in 594 Posts
Failed 149 Times in 56 Posts
Quote:
Originally Posted by Gerbs View Post
I started working in the accounting industry after I completed my diploma at the end of year 2, at this time I was also taking 3 - 4 courses for my degree. That way I can graduate with 2 - 3 years of experience and start my CPA. I also did my CFA lvl 1 along the way.

I think transparency on salaries is becoming less taboo with the millennial generation which is also important since it'll help everyone else negotiate salary in future positions. Here's my progression over the last 2.5 years of school while working in entry-level jr.accountant positions which is nowhere near the 60-80k+ grads you hear about.

2nd Year - Job 1 $33.5k+Benefits

3rd Year - Job 2 $15/hr no benefits, start-up accountant role, so spend a lot of time being paid to play ping pong and foosball
3rd Year - Job 2 - Raise - $18/hr
3rd Year - Job 2 - Raise - $40k + Benefits - Start-up got bought out
4th Year - Job 2 - Raise - $43k + benefits

4th Year - Job 3 - Raise - $50k no benefits yet, but I can work from home and paid breaks. So that's an extra 2 hours each day towards a better work-life balance. I'll be graduating this semester as well.

It's funny because I remember being super motivated when I was in school on how I'd make $60 - 100k within 3 -4 years of graduating. But realistically that's not the case if you aren't graduating from a recognized business school or in doctor/lawyer/tech/engineer/sales as mentioned above. I think realistically you'll make $33-55k starting in most fields.

I plan on completing my CPA in the next 2 years and start job hunting for something around $80 - 90k. I hope to hit 100k+ before I am 30.

https://www.bccpa.ca/news-events-pub...ary-survey-en/
Those CPA publications are skewed and unrealistic. E.g. $71,000 for < 3 years experience in that bar chart. Also it's vague as it just says by CPA experience, so it is saying designated or non-designated. Someone with less than 3 years of experience non designated making $71,000 is pretty slim. Accounting is an oversaturated market, it's just how they market it now trying to lure people to do CPA, whether you pass or fail, they are still raking in the annual fees, course fees, membership fees etc.
Euro7r is offline   Reply With Quote
This post thanked by: