I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
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I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I don't think the people who might be interested in accounting think it's boring. To everyone else, sure. But I think the long hours and low pay finally caught up with the old owners. It's just not worth it when there are so many other options.
I work in the tech field, and I'm thinking of switching to accounting because it has way more job stability than most other jobs. In certain companies, you can have great work life balance as an accountant. Plus, there's potential to become a CFO or financial manager. Yeah, sure, the tech industry pays well starting out, but none of that matters if your chance of getting laid off is higher and the 100+ technical interviews it takes to even land one is ridiculous. The number of different technologies and skills asked for us to know is even crazy. Yeah, I'd prefer the accounting industry.
I agree, accounting is not boring. Your firm can definitely affect your experience depending on how they show that they value their employees or not. I work at a firm that has zero staff appreciation. Nonexistent, not even a summer outing. Makes it difficult during busy times to stay motivated.
The game is changing. Accounting firms who don't appreciate their staff or don't embrace remote working options will definitely struggle in the labor market.
I'm starting my accounting journey this fall🎉🎉🎉 Before this I've been a pre-health student. I was going to do pharmacy school. I've work as a pharmacy technician for 3 years and I've seen enough. No more. No nursing, *HELL NO*. And the field of pharmacy is destroyed. Healthcare is not for me. Currently in an alternative role as a pharmacy technician and I work in an office. I love it. I want a job that emulates this environment forever or possibly offers remote work.
I am an online accounting student. My only gripe with the learning is that they throw so much information at you so fast its like your brain doesnt have time to fully absorb everything. The major things like the accounting equation, some cost/managerial accounting, debits and credits and financial statements are the only things I have been able to retain. I am a alittle worried over this though as I would be terrified in a job interview if they asked me trick questions outside of the basics. Originally I was studying computer science but discovered I am pretty bad at programming and not sure I enjoy it. Currently I am in the trades but want to get out, I dont want to destroy my body anymore.
Great talk, thank you. I am certified attorney from EU and due to the saturated law services market, I switched on tax (Transfer Pricing mostly). Career development around accounintg is phenomenal here. I am planing to go for ACCA.
QUESTION: Biggest thing you didnt touch...PAY. Yes, there are baristas with 4yr degree. Why endure a Masters degree (time and $$)?---Whats the ROI? A Physician Assistant (Masters) will walk out of school and into $90-110k position everyday of the week, and find work in every state.
The partners earning millions per year compared to the slave workers on a meager wage is a factor in people shunning an underpaying elitest business model such that accounting holds. If overtime is an exception and not the rule, is properly compensated, and life/work balance is respected, this may change the landscape of accounting.
That's probably not true about job abundance, maybe in the uk.I have an advanced diploma and a masters in accounting and finance. Completed my F1 to F9 ACCA. Still with no job in the uk. Tried to get into any of the big for, but I don't quite know what they are looking for if I don't get selected. My cv barely goes through a single interview. Perhaps because I graduated with all these degrees and no work experience. I am willing and applied for less than an entry level, but no avail for 3 years to the point that I quited. Or maybe because I did my primary and secondary education abroad. The west is shameful when it comes to job search because it isn't what they told us about international education when they came to scaving for students in our country
High hours, low wage, too many non designated accountants that charge low fees that depress the market, lack of prestige/earning potential compared to doctors and lawyers
I’ve been a CPA for 47 years and a CFO for 30 years - ten years in public accounting with one of the largest firms. I stopped watching this at the six-minute mark after I heard the term “value proposition” for about the 15th time. I’m sure there’s a good message year, but the first six minutes were not well presented - I can’t offer an opinion on what comes after that. Here’s my advice - script it, rehearse it, rehearse it again, and again, and have someone edit the video before posting it. To do this right involves a time commitment of more than two hours. I recently did a 23-minute video on AI for our firm - another partner and I spent about 40 hours, all in. Don’t try to shortcut it. This makes you look weak and incompetent, which I’m sure you are not.
It’s beyond me how a CFO with so much experience would come an accounting podcast with such a topic being discussed and decide to be the world’s greatest production critic
I can spend $65k and 1.5years and become a regional airline pilot for $90k. Where's the upside...only 40hrs/wk?, work from home/remote?, no weekends?, all holidays off?, no OT to close every month/yr?? Kinda sounds like an expensive job to get into, suck conditions, suck pay, and like HVAC...start your own business to make real money
The whole shift from "Company-trained" to "Self-trained" via college shifted the costs, and thereby the proverbial ROI. Companies expect ppl to walk in the door and perform, but theres no college course for that.
I work in the trades and this is something I have observed. You are looked down upon for asking for help or how to do something. They will say "oh are you stupid or something" LOL. I feel like plumbers, electricians and accountants might garner more respect than my field. I work in hvac. Its expected you know everything when you finish trade school. I am 3 years in and want to get out. I am pursuing an accounting degree online right now. I hope accounting is the opposite of hvac.
@@therealmcgoy4968 as an accountant I experienced the same lack of training but it was easier to learn on your own than when I worked in manufacturing. Been in the field for 14 years now and I don’t regret. Of course the company and supervisor makes a big difference. Good luck 😁
What would be attractive to my generation for this industry is if they had accountant salaries start at a particular state's middle class income for industry staff accountants. For firms, starters should be paid reasonably to their cost of living, and if they are working for long hours, pay overtime. If that happened, accounting would attract more people cause then there's stability and being middle class again. And no, in the U.S. 40k-60k is not enough to live comfortably in high cost of living states. Increase the pay, and it will speak to my generation.
Critically think about what you just said. In order to move up the ranks of a position, many jobs will ask for a master's degree. The only way to get a master's degree is having a bachelor's degree. During your bachelor's degree, you should have used your university's network, internships, projects to stand out. Only 30% of companies have lifted the requirement of a bachelor's degree, and that doesn't actually prove it's being respected and consistently implemented in practice. Even during this difficult job market bachelor degree holders have a better employability chance than those without. So, no degrees with good ROI, which can be researched prior to getting a major, aren't useless. It's very much about strategic planning and using that degree effectively.
@@airbound1779 common knowledge that college students who find internships and work experience before graduation are more likely to have a job. It shows that you are career driven and have goals. Not just coasting, it shows more maturity
@@emilyau8023 So anyone above 30 going into the field should just off themselves. I'm 40. I can't afford to do an internship to get experience to earn $35k/year.
High stress, high hours, relatively low pay, but pay is almost irrelevant due to the first two factors. The best opportunity you'll find is a client poaching (rescuing) you from public accounting.
This is a great conversation and all, but you can't say a damn thing to convince me to work for a public firm again. I make more money and only work 40 hours a week. Public firms make all kinds of promises during the hiring process but don't keep them once you start. You could promise me a handstanding leprechaun on top of a free Friday, and it's still a hard "No" for me.
I'll have my AAS in Accounting in May and have quickly realized that it qualifies me to earn nothing more than $14/hour. I really wish I would've gone in a different direction, because accounting seems like a garbage career path, now.
It is true that you work 60-80 hrs a week during quarter end and year end. They need to be honest about the hours. We are needed but it’s hard work and can be stressful. Also the month end quarter end and year end has no flexibility for time off.
Honestly it's a compensation problem too. If accountants were compensated as well as tech workers then there would be a greater degree of tolerance for this.
The number one reason for the low talent pool is compensation. Accounting is very specific and requires serious education. For example, firms are asking for talent that requires 6 years education but pay recruits like someone who has two year degree is radiology tech. If that’s the case why would anyone choose accounting over the radiology tech course.
This video is highly unprofessional and highlights a broader issue within the accounting industry. The profession often appears insular, with a tendency for similar demographics occupying senior positions across many organizations, particularly within WM and WW firms. Government and non-profit sectors are notable exceptions to this pattern. In many private accounting departments, there is a concerning trend of hiring individuals without formal accounting qualifications, often prioritizing personal connections over expertise. This has led to a shortage of qualified professionals, as evidenced by the numerous experienced, degreed accountants who face rejection. It is a common misconception within these organizations that accounting tasks can be performed by anyone with minimal training. This observation is based on extensive consulting experience with numerous organizations.
I have a bachelor in accountancy and part qualification of ACCA and planning to CMA (USA). I have 15 years experience as a senior accountant and finance Manager. From Doha Qatar, can we apply for USA Job Market. I would like to move for a challenging Job in USA
If it's those hours,that toxic culture with those awful Senior reports and behavior better of by 5* salary being a lawyer where you get the same treatment.
Its paid lower, on the contrary side there are lot of efforts to obtain qualifications, STEM is well paid .. that reality with better work life balance- Firms sucks blood of staff to get there EBITDA better
I’m gonna call you out. You speak of two different groups of people. You are obfuscating your thoughts and not telling anyone the truth. No one listens to accountants. How many accountants were asked to classify something they don’t agree with and complied for fear of losing their job? This industry is no better than trucking. Edit: challenge me, let’s audit some ledgers! Prove me wrong, that your accountants are so good I won’t find a mistake.
Trades are coming back. Welders can pull 70-80k easy if you do more than the minimum. If you're a self starter and willing to invest in yourself OR willing to be on the road, you can pull 150-180k easy. Work in the industry long enough and become a manager at a large company and you can pull 200k+. The game is chasing the industry if you want to make money. The more the company makes, the more you can make. Work in an auto shop welding cars? You wont make much, maybe 50k. Work in oil fields or shipyard? You WILL make a lot of money!
Because I don't want to work nights, weekends, holidays, beat my body up. I think trades are the same as anything else, for every person who says they make $100k there's a 100 who will say they get laid off constantly, they're underpaid and over worked.
Because college students, many who just scrape by perhaps with part-time jobs, have the most acutely-honed survival instincts - and knowing that for humans, the survival instinct is the strongest instinct we have - - compare Accounting to what Computer Science majors are confronted with: 1) "my survival instinct has me very much attentive to employment after college" 2) "and AI can write code" If accounting prioritizes *_"how are we undermining the PERCEPTION that the incoming generation has about the career?"_* it has a chance. But failure to prioritize that is GUARANTEED to result in low interest. If you're a computer science major just now, you are probably aware of two things: 1) AI 2) "I noticed during my internship that no one over the age of 40 was working in that company" and you've made a list of 100 other career options. "Student loans to pay, rent to pay for, parents want to see me launch a career," etc. ,
None of these clowns will hire people who just have a bachelor's degree. Credentialism and elitist gatekeeping is going to completely hollow out the industry.
As a recent tax preparer with a B.S. in Econ and now taking accounting classes at a J.C. to apply to a Master's in Accounting program, I can say the biggest shock to me was the lack of B.A./B.S. programs. You can get an Associates, a Certificate, a Master's , a CPA, an EA, etc., but there aren't many Bachelor degree programs in accounting in Northern California, at least that I found... many Master's programs, though. So undergrads choose a different path from the beginning.
I left corporate tax (ASC 740) for software engineer role. The main thing driving the change was long hours for minimum pay. In addition, my new employer offers 6 weeks of paid paternity leave at 100% which is fantastic. Oh and I am fully remote.
I thought this was a very interesting talk. I used to work at NetSuite, which is a tech company that hires a lot of former CPAs in all customer facing departments. It was not evident to me that having the CPA really made those roles more successful in sales, solution consulting, etc. since the job was not allowed to give accounting advice, only empathy. But it certainly helped those folks land the job. Hearing this interview also drew out the subconscious thought I had in considering a CPA - which was that I don’t really want to be a CPA, I just want to use it as additional credentialing. A bit like getting an MBA. I agree fully that if tech companies are recruiting CPAs, it would be hard for someone not to go down that road. Anyway, just some thoughts in agreement
You should hire Filipino CPAs remotely in the Philippines. This is what most CPA Firms in the US do. You'll get more Value, Increase the number of your Clients exponentially in exchange for low pay or cost of less than $1k per Filipino St@ff. US Accountants??. N@h...
It’s a recipe for disaster. One of the largest issues with accounting is the rush to offshore everything. It’s a quality issue, I really wish you had explored that more honestly in your video.
It’s not the barriers to entry, it’s the stagnant pay which will only get worse with companies recklessly offshoring everything and trying to automate things without thinking it through. Just be honest.
