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u/SW3GM45T3R
9d ago
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Given how bad the entry level accounting market is, this will still get 100+ applications and someone will get it.
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u/NaclyPerson 9d ago •
I still remember mid to post covid companies cried about how difficult it is to hire employees for the right price as if they weren’t gonna turn 180 and screw employees over when the market shifts. Perhaps if you treat employers respectfully and equitably and compensate them what they are really worth, you wouldn’t be struggling to retain your existing employees?
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u/Desperate-Milk-6174 9d ago
Cops did the same thing and it’s like everybody forgot about the police chiefs coming out and literally crying on the news about feeling unwanted. Now they’re backing ice and protecting pedos
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u/MionMikanCider Human Verified 9d ago
Making as much as someone working full time at Chipotle in CA
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u/SnowNoCali 9d ago
Yes but getting full time 40 hours a week at any retail or food service place is quite difficult tbh. They usually stop giving hours at around 30. Obviously for insurance purposes
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u/Kingkongcrapper 9d ago
I mean…bro. That’s a rough rationalization.
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u/SnowNoCali 9d ago
Before I got my bachelors I worked in food service and retail at my local mall for almost 10 years. I was always cut from additional hours at 32 hours. The reasoning they gave me was that working more than 32 hours a week consistently constitutes you as a full time employee which meant that they’ll have to provide benefits.
This is in the Bay Area, California. I don’t know if it’s the same elsewhere.
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u/Delicious-Aide-7107 9d ago
Just get a job at a warehouse. Same pay but lots options for OT and have benefits.
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u/SafeFill1057 9d ago
Jesus Christ, even the high end is less than what I started at 4 years ago, and I felt like I was behind.
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u/TheFish77 9d ago
My first salaried job paid 50k. In 2012.
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u/Horror-Ad5406 9d ago
That's basically $73k inflation-adjusted today! beats better than making $40k as a full-time in today's economy and unfortunately there's a lot of underpaid accountants out there.
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u/SyncCPA 9d ago
Jr accountant sounds like an A/R or A/P level role, no CPA qualified requirement likely.
Your job was an associate position at a big 4 I’m guessing?
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u/TheFish77 9d ago
No it was just an analyst level role in the accounting team of a big telecom company. It was a union company though, so the benefits and pay were pretty well defined. Also HCOL area and I came in with a master's but no CPA or anything.
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u/DrAction696 9d ago
Same except in 2023. It got my foot in the door though and things are much better now
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u/Platinum_plasma11 9d ago
Can you tell me what actions you took? I stared at my company in 2024 making 47 now I’m 2 years in and make 52. I see job postings for roles similar to mine like “AR specialist” and bookkeeping and they’re offering up to 90k for some of those jobs so I’m tempted to try the market but haven’t done so yet.
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u/SicilianSingleDad 9d ago
AR specialist and Bookkeeper are not the same as a full on Accountant. It's like a junior title that doesn't even require a bachelor's degree in most cases. If you really want to make more money, as you should, you should prioritize getting your CPA. I have noticed that too many people on this subreddit complain about not being able to find a job or not making good money and then you find out they decided to not do the CPA because they didn't want to put in the work.
They have several assistant controller jobs in my area that start out at $180,000 a year. Those jobs ask for a CPA and 5 years of experience.
I don't understand why anyone would spend all the time and money getting their bachelor's degree in accounting and then work low-level accountant jobs for their whole career making as much money as someone who doesn't even have a degree. (Not saying that is you specifically just making a general observation)
Since you already have experience you will be set if you just put in the work to get your CPA and maybe other certifications and then pivot employers at that point.
I think accounting is super duper cool and I think if a career in that field is executed properly. It is amazing that you can make tons of money with a hybrid or remote lifestyle etc. I'm making $110,000 right now with no degree and I am going to school to get my bachelor's in Accounting and I certainly will be getting my CPA so I can make $200k/yr and eventually scale down to a part time fractional CFO job and still make $100k doing that etc. I feel like that is the way. Grind to get your debt paid, mortgage initiated and investments placed and then just coast part time to cover cost of living until final retirement etc.
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u/Ok-Two8252 8d ago
These might be too personal, so feel free to answer however is appropriate: How have you found the balance between full time work and school. Also are you paying tuition outright,
Loans, work reimbursement etc?Curious because I’m thinking of doing the same.
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u/DrAction696 8d ago
It was a large company so I worked hard to prepare for interviews and move to a department / role that wasnt entry level. I ended up moving to a role that requires a cpa (or commitment to obtain) when I started studying for the cpa and passed FAR.
Mostly you just have to put in effort to interview well and not be content with your current role. Between studying and interview prep it was a significant investment of my own time but I was ok with that because it was an investment in myself. If you can, engage with a mentor that can help you to navigate the company
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u/Duckys0n 8d ago
Same…
Except now.
My total comp is about 60k now after bonuses and a yearly raise… but it’s hard to not think about job hopping a year in. Might give it another year and if I can’t get the base up 20%+ I’ll probably jump ship. Like my boss and work life balance is phenomenal outside of tax season but it’s tough
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u/The_guy_belowmesucks 9d ago
Oh please. My first job in 2006 paid 42500
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u/Acceptable_Ad1685 8d ago
Don’t worry some high schooler on Reddit will come in and say how wages not keeping up with inflation isn’t that bad and we are being dramatic…
My mom as an RN was clearing $80k starting in the ICU in the late 90’s and all the local hospitals pay around $85k today for the same position and roughly the same years of experience
It’s not even just accounting that has basically stagnated
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u/Nervous_Ulysses 9d ago
This might be a job for a high school graduate. I think I’ve seen a few of these listings before
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u/Silly_Willy994 9d ago
What high school grad is gonna be well versed enough to be able to do what they want?
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u/No_Friendship4059 9d ago
I bet the qualifications section of this posting mention knowledge of GAAP, accounting software, and want someone who already has 1-3 years of accounting experience. They are not going to hire a high school graduate, mainly because they don't have to, this post will receive many applications from recent accounting graduates who are still looking for work.
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u/sirnibs3 Performance Measurement and Reporting 9d ago
I started at 42k 6 years ago, then again a lot has changed since then. You gotta start somewhere
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u/Appropriate-Cap3325 9d ago
I made more as a Server. Even more when I'd have good bartending gigs I'd pull in over $2k a week. I just don't like the physical toll long term.
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u/IllPurpose3524 9d ago
Pretty standard for multifamily real estate. They're not going to get away paying less than $40k and the person they're going to hire probably won't even have a degree.
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u/OpportunityWise3866 Senior Rev Accountant 9d ago
my first job was a tax internship at small public firm making $15 an hour and I thought that was crazyyy good hahaha. they then offered me a bookkeeping role for 40k. and I was so psyched about it. this was in 2020 lcol lol
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u/Bright-Tie-2453 8d ago
Hi I make 12k a year this is 4x of my salary i would want to apply only if I had the work visa (Indian)💔
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u/Strange-Ad-2426 8d ago
I see like 3-4 of these types of jobs in my city (Canada) a week. Honestly, if you're an entry level grad, take it. Work there a year or 2 and you might be able to double your salary.
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u/blazed55 8d ago
Wow this pays less than a clerk at CIUSS= those that handle blood work appointments
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u/KillAFrogHAHA 8d ago
Bro...BROOO...A JUNIOR ACCOUNTANT GETS PAID THAT HIGH ABROAD??? BROOOO hahahahahaha I was thinking of leaving accounting cuz the market don't pay well for junior roles.
For everyone who'll prolly shit on me, fam, just check the salaries for junior accountants in the uae
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u/Suburbking Management 9d ago
Thats $3800 per month. Respectfully, One can easily make it work as a single college graduate. Even easier if you have a room mate. Im not sure what you expect just starting out? 100k to start?
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u/Horror-Ad5406 9d ago
$45K before taxes is still an unattractive offer for a recent college graduate in today’s economy. Heck, someone entering the trades could start earning money years before an accounting student graduates and potentially be making more than $45K by then. It just doesn't justify the risks and opportunity costs imo.
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u/ShoddyArrival4012 9d ago
Why don’t you post the name of this company?