{"id":86172,"date":"2021-07-28t12:20:37","date_gmt":"2021-07-28t16:20:37","guid":{"rendered":"\/\/www.g005e.com\/?p=86172"},"modified":"2021-10-06t17:56:58","modified_gmt":"2021-10-06t21:56:58","slug":"why-cpas-should-stay-in-public-accounting","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/07\/28\/why-cpas-should-stay-in-public-accounting\/","title":{"rendered":"why cpas should stay in public accounting"},"content":{"rendered":"

\"\"<\/a>age discrimination is a real concern.<\/strong><\/p>\n

by ed mendlowitz<\/i>
\ncall me before you do anything: the art of accounting<\/i><\/a><\/p>\n

i\u2019ve written about a cpa going to work for a small client who was creating a controller\u2019s position.<\/p>\n

today i\u2019ll talk about going to work for a client who already has a controller or working for a large company.<\/p>\n

more:<\/b> when cpas leave to work for a client<\/a> | when siblings battle over the family business<\/a> | how bickering can ruin a family business<\/a> | one hour a year since 1972<\/a> | 50 ways to make more money in busy season<\/a> | why annual staff evaluations fall short<\/a> | why create an accounting firm business model?<\/a> | the clients who keep you awake at night<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the company that already has a controller is a much safer bet for a departing cpa. the position is established, the work is integrated with the outside accounting firm that will maintain its role and there is a place in the management hierarchy. the role is clear and the cpa knows what to expect in terms of daily activity. if there are growth opportunities for the company, the controller could or would be part of them.
\n
\nwhen the cpa takes a job in private industry in a larger company, he or she is filling a recognized slot. there is also opportunity for growth based on the size of the company and how well the services of the cpa will be noticed and appreciated. these jobs are many and varied. they range from a step up from bookkeeper all the way to cfo. i\u2019ve seen people become very successful, even rising to top jobs, including ceos. in some instances in family-owned businesses, i\u2019ve even seen ownership being granted and the cpa becoming one of the successors. i think these present better opportunities.<\/p>\n

overall, from what i\u2019ve seen, and irrespective of some great successes, i believe public accounting offers a much better future and job security. regardless of how valuable you are to the company, you are still an overhead line item. in public accounting you are a revenue generator \u2013 a much more valuable place to be.<\/p>\n

in private industry, divisions and job slots get eliminated, companies get sold or acquired, management changes, many executives want to bring in their own people for higher-level positions, and the companies sometimes go out of business.<\/p>\n

industry specialization and age become factors when looking for a new job. people in private industry seem to get pigeonholed in the industry where they worked. for example, someone who was a controller in a health care business would not be desirable for a manufacturing enterprise. while everyone says they do not age discriminate, they do. there seems to be a magic boundary where those over age 50 find it much harder to get a new job. i get resumes weekly from people who have left public practice for the private bonanza and see that they\u2019ve had new jobs every five or so years. now at age 52 they are virtually unemployable.<\/p>\n

many even try to downplay their experience, seeking to get any job, only to have the prospective employer check them out on linkedin and pass on hiring someone as assistant controller who was a cfo at a much larger organization.<\/p>\n

some get lucky, but as a rule the future is bleaker for those who have left public practice.<\/p>\n

contrarily public accounting is thriving with a shortage of good people and age doesn\u2019t seem to matter for those with a solid public background. i never get resumes from people in public accounting looking for jobs \u2013 they get them quickly. further, none of the vagaries of an individual company seems to affect job status because the cpa\u2019s skills are portable and readily transferrable within our profession.<\/p>\n

in terms of long-term career management, i believe public trumps private.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\"\/\/www.g005e.com\/2021\/07\/28\/why-cpas-should-stay-in-public-accounting\/\"<\/a>
\nage discrimination is a real concern.<\/strong>
\nby ed mendlowitz<\/i>
\ncall me before you do anything: the art of accounting<\/i><\/a><\/p>\n","protected":false},"author":1341,"featured_media":70489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,3120,3002,2301],"tags":[],"class_list":["post-86172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-talent"],"acf":[],"yoast_head":"\nwhy cpas should stay in public accounting - 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