Hey all,
I need your help / opinions with a few things that are going through my mind these days about how I want to spend the next 30 years of my working life. I am based in NYC, I work for a big 4 firm in audit, mostly auditing private equity firms. I will be making Manager in a few months.
When I was younger and naive and starting at the firm, I opted to work in the "finance" sector within my audit firm's practice instead of commercial, thinking within a year or 2 I will try to transition towards investment banking (lol). Somehow I got lost trying to get better at my audit job, and 3-4 years down the line just got exhausted and burnt out working all the time auditing private equity shops. Over these years, I realized how much I despise finance bros / wannabe investment bankers / even accountants working at private equity firms, hedge funds or investment banks due to how little work life balance anyone working at such organizations get if they make over 150K a year. I also started to realize that people in NYC work harder than most other American cities, and while the younger, stupid me would be like "yeah brah work hard play hard", I am trying to avoid the hustle culture now that I am soon to turn 30 and am married and looking to start a family.
So I really have two questions for you guys:
- Geography: I am looking to move to a city where people are not completely obsessed with their work like people seem to be in New York. Maybe I have found this to be the case because of the industries that I work in (finance), and maybe you guys will tell me that people working in the tech industry in NYC are way more laid back and have very good work life balance. I would be surprised if that is the case - but can you suggest me some cities/regions that are in general known to be laid back but also have strong local economies (currently the cities/regions I am considering moving to are 1. Boston 2. Silicon Valley 3. Seattle 4. Chicago 5. Denver etc. but please feel free to suggest more - I am an immigrant to this country so I am not as familiar with much of the US outside of New York. However, I would want to live close to a well connected major international airport.
- Industry/Career switch: As I mentioned earlier, I am about to make manager at my big 4 audit firm working on Private Equity clients. I think that people in tech sector are not obsessed with working 16 hours a day everyday, so I am considering either starting to serve tech companies as an audito
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Orange Man Audit
... keep reading on reddit ➡Hello. I occasionally see accountants/auditors inquiring about TAS and CFA as a way to break into a more finance oriented position, so I thought I'd do an AMA. My background is below.
About me: I am a CPA and former auditor at a Big 4 firm. I currently work as an associate in transaction advisory at a mid-sized firm. I will be taking the CFA Level III exam in May 2022. I hope to leverage TAS and the CFA Program to break into asset management.
Happy to answer any questions relevant to my background.
I'm 21 (M) this year, long story short due to the pandemic and my studies, I wasn't able to get my car license as planned, but I'm already graduated and will be interviewed by most of the big and mid sized firms very soon
AFAIK sometimes auditors do require to travel so I wonder would this hinder my chance of being recruited?
Not sure if this is the right place to ask, but the actuary subreddit seemed too serious. A bit of context, we both are gonna graduate and start our full-time soon, have been dating for 2 years, just kinda worried about how it's gonna be like and if it'll severely affect our relationship.
Rant: Should Canadian CPAs in industry pack their bags and restart as auditors for US Big Four in the Bay Area?
Starting salaries there are either almost $70K USD, or almost $75K USD.
Contrary to annual "CPA Profession Compensation Study Reports," the median of Canadian CPAs in industry (and in relevant job positions) make between $85K CAD and $95K CAD, even after years of post-designation experience.
[The Great Recession screwed a lot of people.]
I work in audit at Big 4 and got assigned to a Financial Services industry group, but I heard this is a specialized industry and I’m worried I will be pigeonholed. I don’t want to work in financial services after leaving Big 4. How difficult would it be to find jobs in other industries? Is the experience transferable?
They gave a clean opinion. However the financial news didn’t mention that in their reporting.
https://ir.workhorse.com/sec-filings/annual-reports
They haven’t sold that many trucks in 2021. Their 2021 quarterly financials just wouldn’t have that much room for alleged fraud. Most importantly the annual reports didn’t have fraud. Therefore it would have to be in the quarterly reports. It’s highly unlikely because Wkhs didn’t produce that many trucks. Lastly, there is no fraud indicated in the company’s history. Therefore the short seller fuzzy panda allegations are highly unlikely.
Most likely company executives were excited. They probably said they were going to win a big chunk of the post office contract. Most likely the sec is investigating if they were too excited or confident about winning a contract. Like the rest of us we thought corruption wouldn’t get in the way of electrifying post office vehicles
It bemuses me how the press can report fake orders, many van breakdowns. In short, fraud!
The panda short report just has no merit. In other words it’s not news worthy. I eat more than just crayons. Grant Thornton wouldn’t miss such discrepancies nor risk it’s reputation.
The financial press had a journalistic duty to report there is no history of fraud as well as Grant Thornton’s responsibility to detect fraud
This is the act of desperate people who think Wkhs investors are really filled with FUD!
Sure the company needs govt contracts and support. Tesla did. It’s how you incubate an industry.
If journalists want to be taken seriously they should say the 3/1/21 annual report was a clean one. Only an issue on the value of convertible notes which is understandable. It’s understandable because the company had an investment in ride
In other words they should have reported all the facts. Educated the public even. For instance Grant Thornton is responsible to report material events up to the report date. Which is 3/1/2021.
When I look at the bottom of my ticker news feed all I see is this bs.
Hi everyone
I started my career as an auditor at a big 4 firm in mid September, and I have no idea what I'm doing. I feel like I can only do basic tasks that have a prior year example that I can copy / paste. I feel like I'm not contributing anything to the team, or if I am, very little.
Also, unless my senior gives me an explicit thing to do, I have no idea what I should be working on on any given day. Like today, my senior just told me to go over some review notes they had for me, and after I got done with that I just sat there at my desk until the day was over.
Is this feeling of complete incompetence normal? How do people just know what they should be working on during the day?
> As it turns out, Whiteside, the 32-year-old 7-footer, is the Jazz’s biggest child. And, as such, Whiteside has the Jazz’s biggest toy. > > Meet Big Shirley. > > A 2020 Jeep Wrangler Sahara modded into a truck with six massive wheels, Big Shirley is a passion project for the Jazz’s new backup center. Whiteside bought the car in 2019 when he first joined the Portland Trail Blazers and finally finished work on the behemoth just a couple of months ago. It has 9,000 miles on it now. > > “I’m like a big Jeep enthusiast,” Whiteside says. “I’ve got two more Jeeps, but they’re not like this.”
> It was created by, in Whiteside’s words, “a mixture of a bunch of crazy people that did a great job.” Whiteside said four car modding shops worked on different aspects of the project, among them SoFloJeeps and Apocalypse Manufacturing in Florida. America’s Most Wanted put a Hellcat engine into the 6x6. > > In the end, Whiteside estimated that the crews spent 1,800 hours of labor working on his creation. > > The all-new Hellcat engine can put out 900 horsepower, Whiteside says — but also has two cooling mods added under the hood. Six massive 40-inch tires touch the pavement, along with a Dana 80 axle up front. Stabilizer bars have been added on either side, and obviously, the suspension system has been upgraded.
> Whiteside customized the interior as well, including to lower the seat — “all the way to the floor” to get himself a bit more headroom in the comparatively small Jeep interior. > > So what does this all cost? Whiteside estimated that he spent about $330K on the project from start to finish. He said he felt it was all worthwhile when it snowed in Salt Lake City last week. > > “Ah man, that’s when you get your money’s worth right there.” > “It looks like it would be harder to drive, but it’s actually pretty e
... keep reading on reddit ➡Personally, I am leaning towards management/social impact consulting but wanted to know some of your goals.
Do people *still* believe that big 4 audit experience is not respected in T15?
Applying in R2 this year!
Hi there!
Was hoping to get some personal opinions on some fun marathon course alternatives to the Big Six, seeing that I unfortunately did not get into Berlin and the chances of getting into London are quite low.
What are your favourite marathon courses that you've traveled for? I'm from Canada and have a goal of running my first marathon this year and want to celebrate with a mini vacation afterwards.
Open to any and all suggestions, let's have it!
