It’s a load of crap. As someone in accounting (tax) there really doesn’t seem to be a shortage at all. They are barely hiring. Tons of companies and the cpa exam are outsourcing and I think the whole shortage narrative is just to justify that tbh. They dropped BEC in the cpa because non English speakers had trouble with the written portion. They have opened new testing centers all over India and the Phillipines. And the major companies are currently working on Indian and Phillipines transition teams.
@@l8rg8r23 people want to pay people the least amount of $ possible to get the job done. Can foreigners do it better? In most cases not. But in most cases people go the cheap route, especially corporations. They can all GTH
@@Aaron_R that is by far our biggest selling point. It makes the salary per hour worked actually respectable. Add in benefits and plenty of leave time. It’s a great gig. Highly encourage young people to give it a try. Not the glitz and glam but very solid.
@@AlohaAloha-f2v I don't work in public accounting (but majored in accounting). I don't understand why some firms don't lower pay, and reduce hours to a normal workload... It seems all the firms want a 50+ hour workweek.
@@CPATuttle it’s in Ny. NY passed helps act which allowed them to bypass civil service. As a result our division got a little too hire happy and along with some other reasons we were in a freeze and we had our open positions cut
I had a decision to go accounting or Respiratory Therapy. I went RT, gradually in a rural hospital, and absolutely love it. I am nearing retirement and thought about getting my EA or CPA. The problem is that RTs make more than accountants by a long shot, so I can work a couple of days as an RT and make the same as if I worked the whole week in accounting. I would really steer younger people toward the trades and starting their own businesses. Accounting seems to be a downward trend to me, just my opinion!
Accounting is between two to three times as complex as at was 20 to 25 years ago but they still want to give you a skinflint salary. The only good news is that a disproportionate number of accountants today are in their mid 60's to mid 70's and won't be able to work full-time much longer.
My Father has all the qualifications and has 40 years of experience. He's sent out thousands of Resumes and still waiting. Months go by and everyone just tip toes around the proposition.
I am an accountant 62 in the last three years I have noticed a change in the market. I think a lot of baby boomers retired after Covid. I only work contract. It used to take about 4-6 weeks after ending one contract to start another. Now it’s back to back. On my last job I was told my contract would end in 5 days I interviewed for a new role in 3 and started with more money the following Monday.
There is already issues with the quality of outsourced work. I can only imagine the next royal fuck up will come as a result of this or trusting AI too much.
My brother graduated summa cum laude w/ an accounting degree. It was, in his mind, a very tedious profession, & even as you progress, it usually never ceases to be a grind, unless you own or manage the firm yourself. It is lucrative for many, eventually anyway
I moved from Big 4 audit to Local Government and if you get in the right seat it’s great. My department has a lot of lower staff who do the AP grunt work while I get to spend my time doing budgetary analysis and preparing a complex billing file that I optimize to make as quickly preparable as possible. No overtime. Great benefits. Beach 10 minute drive away after work.
@@robreich6881 My brother used to work for PWC, right outta college. Are they Big 4, as u say? Kudos. I find ppl who optimize their career path, have achieved a very commendable thing
Huge accounting shortage, I nearly doubled my fees and still have people begging to get their audits done (i charge nearly $1k/hr) working only 500 hrs a year from home.. great time to be a CPA.. But the accounting shortage isn't because people are lazy, it's because schools and license agency made it so you need a masters degree to get a CPA license instead of normal bachelors.. might as well just be a pharmacist or other doctorate. Gotta get that 200 hours or whatever of education
@@rahulthaker6 Go into public accounting (best option right out of school). Find a mid-level firm, not big 4. Do audits, not taxes. Then find an industry you like and hyper-specialize. I specialize in construction/government since governments will never go out of business you will always have work. .Construction will never be outsourced or acquired by private equity since it's too volatile and people who own construction companies are generally more humble and value accountants. Then after 6-7 years you have experience and a good name in the market, start your own audit firm. OR purchase a "smaller" audit/tax firm from someone who is retiring, maybe even the person you are working for after college. Hell, I'll probably sell my firm off in 6 years.
As a 30 year old man if I invest 6+ years of my life to become an accountant, all of which is useless besides accounting. Only for their to be no jobs, or all the jobs to be shipped overseas. That really sucks. Whereas if you go into a trade those skills are applicable to everything else, and helpful for everything else. 6 years of being a plumber will give you lots of experience so you can flip houses, etc.
10 years ago i listened to some of Clarey's content, and wanted to tell him he was 10 years behind the times on the state of engineering degrees and subsequent careers.
I’ll correct this for you. There’s ONLY a shortage in SEASONAL TAX PREP. It does not require a degree to do it. Most don’t have a degree. They have an EA. The shortage here is because you cannot make enough money to live on in 3 months of this work
As someone who did training for new staff in mutual fund accounting I admire those who can put together concise material to get people up to speed quickly. You might have an advantage in that corporate accounting is fairly standardized, while fund accounting got messy, especially when I got outsourced from a bank so that I was dealing with multiple clients, each of whom had different ideas about allocating expenses to different classes of funds, multiple levels of fund holding, you know, fun stuff.
Any job that's not basically minimum wage is a pipe dream. I went to a good university, tutored multivariable calculus, had a technical paper published, qualified for Mensa, and graduated with honors while getting a bachelor's in engineering. I applied for hundreds and hundreds of jobs over the course of years with barely an interview.
If I had a son, I'd encourage him to get his GED at 16. Go work at Home Depot, live at home until he saves up enough to buy a tiny house with cash. Then get an online degree, get a remote job with higher pay, and just do that from his own home.
All these old folks don’t wanna hire us. As a newly graduate accountant they don’t want to train us and it sucks because they all complain about this shortage of accountants.
@@FarmingUnclear thank you. Btw, universities and these Accting programs indoctrinate their students towards big firms at big cities. Work mainly over tax and audit. So it is competitive. General wisdom is to due your time and leave between 2-3 years. So those places are just big millhouses
Shortage? We have way too many accountants in our company and are letting attrition whittle down their numbers to better suit a world where AI is doing 2/3 of their work.
Woah, is it? You mean other accountants can use AI as a tool to leverage larger chunks of work or it’s already there where it can do it all for 80% typical cases and just really needs a quick eye check and a signature.
Starting my accounting career at age 39, I have a bachelors in Psychology but I see opportunity in this shortage so I’m making a career change and learning all the information I can before I even start my accounting degree program soon
@@Prutam I didn’t like the statistics portion of psychology. Honestly, I wish I would’ve chose more lucrative major from the start. I’d go for a major that will always be in demand, one that you can continue learning by getting additional certifications such as accounting. I’m willing to put it all the necessary work at this age to learn it to the best of my ability because i know it will pay off in the long run
@@CashRulesFool Ohh I see. I do accounting but I like to research psychology. It seems like an interesting field but same with me I chose accounting mainly because it’s stable
@@Prutam well I did hear the research section of psychology is the best choice for those who plan to do it as a career. A masters degree and doctorate made be needed to increase your pay scale though. As far as accounting I’ve been looking into forensic accounting. The FBI has some openings. Forensic accounting seems a little more exciting than the typical accounting jobs. The IRS also has some high paying accounting positions
@@CashRulesFool Nice that’s good to know. I’ve never taken a psychology course but I’ve always been interested in it. Yeah my goal is to work for either the IRS or some government agency doing accounting. I heard you don’t work as much there than you would in a corporate accounting job.
I remember when I first started, our company had a pretty organized accounting training, teaching them the basics of the type of accounting we need to do. Plenty of accounting memos describing proper treatment of more edge case topics. That training documentation has not been updated in 10 years. No one is conducting the training. I've thought about raising it as an issue, but the "leadership" in my company doesn't seem to care so I would be wasting my time. I don't know what to do beside letting it rot.
Here in Italy accounting is a thankless job: long hours, everchanging tax code that is so complex it's not even funny. Pay is sh t and our version of the IRS is a joke. Everyone is banking on LLMs to give a hand but the country is riddled with tax cheats and small firms that barely squeak by and underpay the accountants.
if the customer likes fastfood give them fastfood. Do as much volume with as little effort. Who cares abotu the quality? the client doesn't. You'd think the client would appreciate the value when it's quantified in literal money but noo.
It's mainly because there are multiple software that does accounting and taxes. Most accountants can start their own businesses with the software, or the average person can do their own. Lastly, the salary is so low that it makes no sense to do it with all of the tax season non paid overtime.
Accounting is boring, if you are an analytical person then tech careers are much more interesting. Accounting is a rules based profession that is highly likely to have most tasks automated by AI in the future
38 and just got my CPA in July. Most of my experience is junior level industry stuff that's kinda worthless. I prepared taxes for about 4 seasons when I was i college/fresh out 15 years ago. No kids or house/mortgage. Do I try to get to Public so I can own my own firm someday? Getting pretty bored in industry, no upward movement in terms of promotions/raises. Also it seems difficult to get decent corporate gigs as a white guy. Thanks.
Some volunteered some were captured, but your a prisoner now and your body is your jail cell. So go out there in that fake illusion of a world, and serve your sentence without "easy way out." Build skills it's the only thing you get to own and take with you.
"In theory" It is a great time to be a CPA. Companies would rather hire an outsourced accounting consultant than maintain a team on their payroll. I don't blame people for leaving the profession. It's way more lucrative to pivot out of the profession when you get to a certain point.
Why don't the salaried accoutants being burdened by the shortage of accountants go independent? What are the biggest trade-offs in your opinion of going self-employed? I guess it would require going the extra miles to attract clients, but don't these accountants have a head-start through their relationships with clients built during their salaried accounting firm career? Filing taxes differently shouldn't be hard, it's right up an accountant's alley.
Hello. I am 18 and a licensed electrician living in Romania. Despite there being a chronic lack of skilled work(to the point the already 60yo crap communist eastern european infrastructure we have is giving out), most professions(think engineers, tradesmen, accountants and most lawyers and doctors) get paid near or at minimum wage(600usd pretax, 200usd aftertax). Rent for a small room without a private sink or toilet starts at 300usd in rural areas and 350usd in urban areas. Gas is 10usd a gallon and Diesel is 12usd a gallon. Despite the high tax rate and the fact that the entire health sector is government owned and operated, you do not benefit from it unless you pay ANOTHER tax. This time only 15% of your income. Despite only looking for work to learn the trade(without demanding any pay), I cannot find any. I intend to go to university and learn electrical engineering so that if I emigrate(passports are expensive here), I have a much better chance of my degree being recognized by the country I emigrated to as it's a bachelors degree. What do you suggest?
I suggest looking up qualification verification boards. Most Anglo countries make sure that their degrees are compliant according to the Washington Accord and similar such. If you are studying a degree with the intention of moving to a certain country, then make sure your degree is specifically compliant with the target country's qualification verification boards. Don't make the mistake of not checking before you start studying, otherwise it could be seriously costly in terms of wasted time and effort.
@@xanderabbey8529 I haven't been able to find if my specific country's degrees are recognized in the us, but they are abiding by european university standards(somehow). So I suppose they will be recognized, no? If you can find any info about this please tell me.
@@Anton43218 It appears that Romania is a signatory to the Bologna Process. As such, your degree is recognised in other Bologna Process signatories, which encompasses most of Europe, which affirms what you said. Thus, your degree is likely to be recognised if it's also recognised in North-Wester European countries like the UK. However, you might have to contact the US Embassy in Romania to confirm all this before you seriously consider moving to the US - this is the best course of action as you can get official confirmation and continue on this life path in peace. For your peace of mind, I found a tool that supposedly checks degree equivalency. Search up the World Education Services degree equivalency tool. I can't link it, but you should be able to find it without a problem.
@@xanderabbey8529 hello. I have checked out that website. It requires I enter out my email but besides that the information listed there is outdated,pre-bologna process. I still do not know how to check for the equivalency of my degree in other countries.
@@Anton43218 You will have to likely email the relevant institution for your line of work, but in the USA, as they will likely have many people going through what you're going through. The UK for example has the Engineering Council of the United Kingdom (ECUK). The US has the NCEES. You might have to send them an email to get help, or otherwise query the institution you plan on studying at about international accreditation. Any university worth their salt can tell you about their international accreditation, so see who you can email at your university/college who might have that information. They would be most qualified to tell you.
Clarey...why not do a Masters in Physician Assistant...literally walk out of school and into $90-110k /yr. Accounting doesnt seem to be the best choice if your smart
What’s not smart is this comment. Look at the debt you take on going to be a Physicians Assistant. It would take someone in public accounting about 5 years to make the salary range you’re taking about. And their upside is much much better. Take a look at how much a partner in an even a small to medium size firm makes. It blows a physician assistant out of the water
Bullshit narrative. There isn't a single field that has 0 applicants right now. You have to choose from the pool of applicant. If you do what you have always done, you will get the results you have always gotten.
Nobody wants to start at the bottom when starting at the bottom means starving. That's even if you're let in at the bottom. In my country, there straight up aren't enough jobs for everyone - even for the uni/college educated. The competition is disgusting, and someone, somewhere, is guaranteed to lose out.
The US is just experiencing what a lot of countries experienced for a lot longer: People with Architect or Accounting degrees driving cabs. Except they didn't have to go into 100k debt to pay for them.
There is no point if you can't even get into accounting to work your way up. If I knew this profession was such a joke I would have just stayed working a factory. I have 3 years of working a job with perfect attendance and no one still looks at me even for freaking internships.
@@kylegross1081 why do you think a computer cannot follow rules that is what they are the best at following preset rules. AI can do things faster than people can so I would not be acting so smug. I think everyone in this crummy profession should be afraid of outsourcing and AI.
It’s a load of crap. As someone in accounting (tax) there really doesn’t seem to be a shortage at all. They are barely hiring. Tons of companies and the cpa exam are outsourcing and I think the whole shortage narrative is just to justify that tbh. They dropped BEC in the cpa because non English speakers had trouble with the written portion. They have opened new testing centers all over India and the Phillipines. And the major companies are currently working on Indian and Phillipines transition teams.
People dont want foreigners to do their taxes or bookkeeping
@@l8rg8r23 They already do. A ton of tax prep is already outsourced.
@@l8rg8r23 people want to pay people the least amount of $ possible to get the job done. Can foreigners do it better? In most cases not. But in most cases people go the cheap route, especially corporations. They can all GTH
@@l8rg8r23 they already do. A ton of tax prep is already outsourced.
@@Jimmy-jm1oldamn bro..... What are you going to do?
I work in government sector, a pretty big state accounting agency. Total hiring freeze announced late last week.
Government accounting jobs are easier to fill. The 40 hour week that is standard in government is not normal in private sector.
@@Aaron_R that is by far our biggest selling point. It makes the salary per hour worked actually respectable. Add in benefits and plenty of leave time. It’s a great gig. Highly encourage young people to give it a try. Not the glitz and glam but very solid.
@@AlohaAloha-f2v I don't work in public accounting (but majored in accounting). I don't understand why some firms don't lower pay, and reduce hours to a normal workload... It seems all the firms want a 50+ hour workweek.
@@AlohaAloha-f2v What state is this? In NY they can’t find enough people in Albany. That’s where I had to move to find a job
@@CPATuttle it’s in Ny. NY passed helps act which allowed them to bypass civil service. As a result our division got a little too hire happy and along with some other reasons we were in a freeze and we had our open positions cut
I had a decision to go accounting or Respiratory Therapy. I went RT, gradually in a rural hospital, and absolutely love it. I am nearing retirement and thought about getting my EA or CPA. The problem is that RTs make more than accountants by a long shot, so I can work a couple of days as an RT and make the same as if I worked the whole week in accounting. I would really steer younger people toward the trades and starting their own businesses. Accounting seems to be a downward trend to me, just my opinion!
Accounting is between two to three times as complex as at was 20 to 25 years ago but they still want to give you a skinflint salary. The only good news is that a disproportionate number of accountants today are in their mid 60's to mid 70's and won't be able to work full-time much longer.
the problem is the audit insdustry doesn't make companies have any more than a bookkeeper as a controller.
reddit said there is a shortage of competent , sane accountants at a senior level
Key word being senior
My Father has all the qualifications and has 40 years of experience. He's sent out thousands of Resumes and still waiting. Months go by and everyone just tip toes around the proposition.
@@admiralmurat2777wtf. What do I do then?
@@admiralmurat2777 companies claim to be hiring but they are not
@@admiralmurat2777 senior discrimination or overqualified because they can't afford 40 years of experience
I am an accountant 62 in the last three years I have noticed a change in the market. I think a lot of baby boomers retired after Covid. I only work contract. It used to take about 4-6 weeks after ending one contract to start another. Now it’s back to back. On my last job I was told my contract would end in 5 days I interviewed for a new role in 3 and started with more money the following Monday.
62 is boomer age lol
What sort of accounting do you do? People here saying there are no jobs...
@@SunsupermanNo it’s Gen x
@@Sunsuperman Generation Jones
easy, people were told that "computers will do everything" so they avoid studying what looks like computers can easily do.
There is already issues with the quality of outsourced work. I can only imagine the next royal fuck up will come as a result of this or trusting AI too much.
Probably because they're not needed because no one has any money.
bahahaha
Plenty of clients have plenty of money. More than most could ever dream of
As a CPA and content creator, I approve this message! Great video
My brother graduated summa cum laude w/ an accounting degree. It was, in his mind, a very tedious profession, & even as you progress, it usually never ceases to be a grind, unless you own or manage the firm yourself. It is lucrative for many, eventually anyway
What's he doing now might I ask?
@@DISstockmagic Auto Worker
I moved from Big 4 audit to Local Government and if you get in the right seat it’s great. My department has a lot of lower staff who do the AP grunt work while I get to spend my time doing budgetary analysis and preparing a complex billing file that I optimize to make as quickly preparable as possible. No overtime. Great benefits. Beach 10 minute drive away after work.
@@robreich6881 My brother used to work for PWC, right outta college. Are they Big 4, as u say? Kudos. I find ppl who optimize their career path, have achieved a very commendable thing
@@TheDeadlyKnightDamn, from White collar to Blue collar, lol. Says a lot about these “prestigious” jobs and the humans mind as well.
Huge accounting shortage, I nearly doubled my fees and still have people begging to get their audits done (i charge nearly $1k/hr) working only 500 hrs a year from home.. great time to be a CPA.. But the accounting shortage isn't because people are lazy, it's because schools and license agency made it so you need a masters degree to get a CPA license instead of normal bachelors.. might as well just be a pharmacist or other doctorate. Gotta get that 200 hours or whatever of education
Hey! I am currently studying accounting, if you don’t mind can you please share what exactly do you do in detail, i would really appreciate your help
@@rahulthaker6 Go into public accounting (best option right out of school). Find a mid-level firm, not big 4. Do audits, not taxes. Then find an industry you like and hyper-specialize. I specialize in construction/government since governments will never go out of business you will always have work. .Construction will never be outsourced or acquired by private equity since it's too volatile and people who own construction companies are generally more humble and value accountants. Then after 6-7 years you have experience and a good name in the market, start your own audit firm. OR purchase a "smaller" audit/tax firm from someone who is retiring, maybe even the person you are working for after college. Hell, I'll probably sell my firm off in 6 years.
As a 30 year old man if I invest 6+ years of my life to become an accountant, all of which is useless besides accounting. Only for their to be no jobs, or all the jobs to be shipped overseas. That really sucks.
Whereas if you go into a trade those skills are applicable to everything else, and helpful for everything else.
6 years of being a plumber will give you lots of experience so you can flip houses, etc.
yeah but being a plumber sucks ass and is hard on your body especially if you’re already in your 30’s
10 years ago i listened to some of Clarey's content, and wanted to tell him he was 10 years behind the times on the state of engineering degrees and subsequent careers.
I’ll correct this for you. There’s ONLY a shortage in SEASONAL TAX PREP. It does not require a degree to do it. Most don’t have a degree. They have an EA. The shortage here is because you cannot make enough money to live on in 3 months of this work
It be nice to become a accountant, but I'm broke.
Lol
As someone who did training for new staff in mutual fund accounting I admire those who can put together concise material to get people up to speed quickly. You might have an advantage in that corporate accounting is fairly standardized, while fund accounting got messy, especially when I got outsourced from a bank so that I was dealing with multiple clients, each of whom had different ideas about allocating expenses to different classes of funds, multiple levels of fund holding, you know, fun stuff.
Any job that's not basically minimum wage is a pipe dream. I went to a good university, tutored multivariable calculus, had a technical paper published, qualified for Mensa, and graduated with honors while getting a bachelor's in engineering. I applied for hundreds and hundreds of jobs over the course of years with barely an interview.
What did you major in?
@@torrin4376 Mechanical engineering
If I had a son, I'd encourage him to get his GED at 16. Go work at Home Depot, live at home until he saves up enough to buy a tiny house with cash. Then get an online degree, get a remote job with higher pay, and just do that from his own home.
@@torrin4376 Mechanical engineering with a minor in mathematics
@@NJGuy1973What remote jobs we talking about?
I’m reading ‘Worthless’ to my 11 year old daughter.
Just curious. As a red pilled dad, are you hoping she prepares to be marriage material or prepares to be single?
@@megancyloneight9822 marriage
All these old folks don’t wanna hire us. As a newly graduate accountant they don’t want to train us and it sucks because they all complain about this shortage of accountants.
No job postings in NC (or so I was told). No headquarters. Only satellite offices. All the accounting jobs are in NY and big cities.
Work for small/medium sized businesses. You'll have a lot more opportunities there.
@@Wookierabbit I think they'd just outsource it to a firm or third party in those cases. Don't need a full time position if you're small.
@@FarmingUnclear
Don’t be a brush off.
I have been full time accountant for a few small/medium sized businesses.
They want good accountants.
:-)
@@Wookierabbit good to hear a different perspective. I'm not an accountant.
@@FarmingUnclear thank you.
Btw, universities and these Accting programs indoctrinate their students towards big firms at big cities. Work mainly over tax and audit.
So it is competitive. General wisdom is to due your time and leave between 2-3 years. So those places are just big millhouses
Shortage? We have way too many accountants in our company and are letting attrition whittle down their numbers to better suit a world where AI is doing 2/3 of their work.
Woah, is it? You mean other accountants can use AI as a tool to leverage larger chunks of work or it’s already there where it can do it all for 80% typical cases and just really needs a quick eye check and a signature.
You’re not in public then
yes accountants are in demand not accounting CLERKS tough
How do people become accountants without starting at a lower level of work though?
Starting my accounting career at age 39, I have a bachelors in Psychology but I see opportunity in this shortage so I’m making a career change and learning all the information I can before I even start my accounting degree program soon
Just curious - did you like Psychology?
@@Prutam I didn’t like the statistics portion of psychology. Honestly, I wish I would’ve chose more lucrative major from the start. I’d go for a major that will always be in demand, one that you can continue learning by getting additional certifications such as accounting. I’m willing to put it all the necessary work at this age to learn it to the best of my ability because i know it will pay off in the long run
@@CashRulesFool Ohh I see. I do accounting but I like to research psychology. It seems like an interesting field but same with me I chose accounting mainly because it’s stable
@@Prutam well I did hear the research section of psychology is the best choice for those who plan to do it as a career. A masters degree and doctorate made be needed to increase your pay scale though. As far as accounting I’ve been looking into forensic accounting. The FBI has some openings. Forensic accounting seems a little more exciting than the typical accounting jobs. The IRS also has some high paying accounting positions
@@CashRulesFool Nice that’s good to know. I’ve never taken a psychology course but I’ve always been interested in it. Yeah my goal is to work for either the IRS or some government agency doing accounting. I heard you don’t work as much there than you would in a corporate accounting job.
How is AI going to effect the accounting profession?
2:00 Not the easy way but the safest way.
Credentialism??
There probably more pages in the irs tax law than in the local library and all the books combined.
It’s all being outsourced to India
What kind of accounting though? Tax or corporate?
I remember when I first started, our company had a pretty organized accounting training, teaching them the basics of the type of accounting we need to do. Plenty of accounting memos describing proper treatment of more edge case topics. That training documentation has not been updated in 10 years. No one is conducting the training. I've thought about raising it as an issue, but the "leadership" in my company doesn't seem to care so I would be wasting my time. I don't know what to do beside letting it rot.
Here in Italy accounting is a thankless job: long hours, everchanging tax code that is so complex it's not even funny. Pay is sh t and our version of the IRS is a joke. Everyone is banking on LLMs to give a hand but the country is riddled with tax cheats and small firms that barely squeak by and underpay the accountants.
if the customer likes fastfood give them fastfood. Do as much volume with as little effort. Who cares abotu the quality? the client doesn't. You'd think the client would appreciate the value when it's quantified in literal money but noo.
It’s thankless here in the us also.
It's mainly because there are multiple software that does accounting and taxes. Most accountants can start their own businesses with the software, or the average person can do their own. Lastly, the salary is so low that it makes no sense to do it with all of the tax season non paid overtime.
solid career, just got a family member get 90k as a new associate at a firm and getting their 5k bonus for getting her cpa
Accounting is boring, if you are an analytical person then tech careers are much more interesting. Accounting is a rules based profession that is highly likely to have most tasks automated by AI in the future
If ai take it then most job will be on the ai drs engineering etc
all jobs suck😂
I want to get a CPA license and then get a specialty, but I’m having trouble getting my foot in the door to even begin.
@@TheUltimegaManclaim to be a female. You will be hired
100% correct. AI is going to wipe out almost all accounting or any other white collar jobs within a few years. The trades are where it is at.
38 and just got my CPA in July. Most of my experience is junior level industry stuff that's kinda worthless. I prepared taxes for about 4 seasons when I was i college/fresh out 15 years ago. No kids or house/mortgage. Do I try to get to Public so I can own my own firm someday? Getting pretty bored in industry, no upward movement in terms of promotions/raises. Also it seems difficult to get decent corporate gigs as a white guy. Thanks.
theclareyschoolofeconomicphilosophy.teachable.com/p/the-world-s-greatest-accounting-career
Anyone else think that taxes and government is totally corrupt and why would you want a career in perpetuating tax slavery onto our kids?
I never asked to be born, end of story!
And you know this how? I am an atheist and even I don't claim that.
Some volunteered some were captured, but your a prisoner now and your body is your jail cell. So go out there in that fake illusion of a world, and serve your sentence without "easy way out." Build skills it's the only thing you get to own and take with you.
Reading the comments is disheartening. People don't sound to bright and always point the finger to blame anything but themselves.
Exactly. You can tell right away which ones have never worked a day in the profession
Bull shit. There accounting shortage. I’m an accountant and I can’t get a job cause I’m not connection.
"In theory" It is a great time to be a CPA. Companies would rather hire an outsourced accounting consultant than maintain a team on their payroll. I don't blame people for leaving the profession. It's way more lucrative to pivot out of the profession when you get to a certain point.
Why don't the salaried accoutants being burdened by the shortage of accountants go independent? What are the biggest trade-offs in your opinion of going self-employed? I guess it would require going the extra miles to attract clients, but don't these accountants have a head-start through their relationships with clients built during their salaried accounting firm career? Filing taxes differently shouldn't be hard, it's right up an accountant's alley.
It's not a shortage if employers are choosing to not hire anyone, not train, and not retain.
I was wondering that. I see some many job posts for Accounting positions this year.
Hello. I am 18 and a licensed electrician living in Romania.
Despite there being a chronic lack of skilled work(to the point the already 60yo crap communist eastern european infrastructure we have is giving out), most professions(think engineers, tradesmen, accountants and most lawyers and doctors) get paid near or at minimum wage(600usd pretax, 200usd aftertax).
Rent for a small room without a private sink or toilet starts at 300usd in rural areas and 350usd in urban areas.
Gas is 10usd a gallon and Diesel is 12usd a gallon.
Despite the high tax rate and the fact that the entire health sector is government owned and operated, you do not benefit from it unless you pay ANOTHER tax. This time only 15% of your income.
Despite only looking for work to learn the trade(without demanding any pay), I cannot find any.
I intend to go to university and learn electrical engineering so that if I emigrate(passports are expensive here), I have a much better chance of my degree being recognized by the country I emigrated to as it's a bachelors degree.
What do you suggest?
I suggest looking up qualification verification boards. Most Anglo countries make sure that their degrees are compliant according to the Washington Accord and similar such. If you are studying a degree with the intention of moving to a certain country, then make sure your degree is specifically compliant with the target country's qualification verification boards. Don't make the mistake of not checking before you start studying, otherwise it could be seriously costly in terms of wasted time and effort.
@@xanderabbey8529 I haven't been able to find if my specific country's degrees are recognized in the us, but they are abiding by european university standards(somehow).
So I suppose they will be recognized, no?
If you can find any info about this please tell me.
@@Anton43218 It appears that Romania is a signatory to the Bologna Process. As such, your degree is recognised in other Bologna Process signatories, which encompasses most of Europe, which affirms what you said. Thus, your degree is likely to be recognised if it's also recognised in North-Wester European countries like the UK. However, you might have to contact the US Embassy in Romania to confirm all this before you seriously consider moving to the US - this is the best course of action as you can get official confirmation and continue on this life path in peace.
For your peace of mind, I found a tool that supposedly checks degree equivalency. Search up the World Education Services degree equivalency tool. I can't link it, but you should be able to find it without a problem.
@@xanderabbey8529 hello. I have checked out that website.
It requires I enter out my email but besides that the information listed there is outdated,pre-bologna process.
I still do not know how to check for the equivalency of my degree in other countries.
@@Anton43218 You will have to likely email the relevant institution for your line of work, but in the USA, as they will likely have many people going through what you're going through. The UK for example has the Engineering Council of the United Kingdom (ECUK). The US has the NCEES. You might have to send them an email to get help, or otherwise query the institution you plan on studying at about international accreditation. Any university worth their salt can tell you about their international accreditation, so see who you can email at your university/college who might have that information. They would be most qualified to tell you.
Every company that hires overseas employees for cheaper pay is hurting the USA 🇺🇸 even small accounting firms are starting to hire foreigners 🤯
There isn't an accounting shortage...there's a laziness surplus.
Great really nice video tho. Informative and quite entertaining.
What about business analytics, its like data analytics.
if it doesn't get you work experience right away and isn't as hard as an engineering degree it likely isn't real.
Can i buy your books with crypto? Im from Russia, we dont have access to Visa, mastrrcard etc.
Clarey...why not do a Masters in Physician Assistant...literally walk out of school and into $90-110k /yr.
Accounting doesnt seem to be the best choice if your smart
He's talking about accounting because that's what he did for many years. So he's just giving some perspective on an industry he knows about.
What’s not smart is this comment. Look at the debt you take on going to be a Physicians Assistant. It would take someone in public accounting about 5 years to make the salary range you’re taking about. And their upside is much much better. Take a look at how much a partner in an even a small to medium size firm makes. It blows a physician assistant out of the water
Am I wrong for liking art, I’m good at it so am I wrong for doing something I’m good at?
Thought Ai was taking over accounting jobs?
3 months since your last video ???? How is Cappy surviving ??
I think it's made up. When a bachelors degree in accounting means nothing for entry-level work without 3 years of experience, they aren't hurting.
Probably because no one wants to start at the bottom and work their way up anymore.
Bullshit narrative. There isn't a single field that has 0 applicants right now. You have to choose from the pool of applicant. If you do what you have always done, you will get the results you have always gotten.
Nobody wants to start at the bottom when starting at the bottom means starving. That's even if you're let in at the bottom. In my country, there straight up aren't enough jobs for everyone - even for the uni/college educated. The competition is disgusting, and someone, somewhere, is guaranteed to lose out.
The US is just experiencing what a lot of countries experienced for a lot longer: People with Architect or Accounting degrees driving cabs. Except they didn't have to go into 100k debt to pay for them.
There is no point if you can't even get into accounting to work your way up. If I knew this profession was such a joke I would have just stayed working a factory. I have 3 years of working a job with perfect attendance and no one still looks at me even for freaking internships.
WGU
30 percent decline real gdp
It’s been outsourced to India and Philippines. Boomers doing boomers things
Accounting is unbearably boring
Thought Indian call centers were taking all these jobs?
AI will take over accounting.
Tell us you’ve never reviewed a complex tax return without telling us 😂
@@kylegross1081 why do you think a computer cannot follow rules that is what they are the best at following preset rules. AI can do things faster than people can so I would not be acting so smug. I think everyone in this crummy profession should be afraid of outsourcing and AI.
US colleges set to close soars: th-cam.com/video/ilGpSnHyCAM/w-d-xo.htmlsi=lVI0Xi3qbvvaOsAN