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Itchy
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PostPosted: 19:50 - 08 May 2007    Post subject: Career change? Reply with quote

Career change?


I currently work as an accountant, I don't make much money, I've invested 6 years into this career path ,passed all my exams and currently shooting for an extra of tax expert and I still make very little mone,

I;m thinking of packing it in , I feel bored and frustrated daily , and feel dead inside, should I? , I want to quit and do something else because the pay is utterly crap, and progression seems
non existant, work for accountants which are so tight with their money they offered me a 0% rise this year (effectively a 15% pay cut), and the constant need to take work home is annoying me crazy.

everybody says to me keep going at it big bucks will eventually
come they haven't and its pretty much a Mcjob type pay, or that I've invested so much time into it , it will be a massive waste to go back. My peers seem to be in a similar situation as me.

What does everybody think?.

Although of course a career change means I'm back to square 1 again , wheras after 6 years of career investment I am virtually still at only square 2 ,

Any thoughts?

Thanks
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Dan 4RR
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PostPosted: 20:02 - 08 May 2007    Post subject: Reply with quote

Change, change to what though? IT jobs, art, building trades, mechanics, teaching?
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D O G
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PostPosted: 20:14 - 08 May 2007    Post subject: Reply with quote

What flavour accountant are you Itchy?

AAT? If so, then you could very easily get a training contract for ACA from a big firm. From reading some of your posts on here you clearly know your onions.

Alternatively the CIMA route - both can make very decent money! What's preventing your progression at the moment? There are loads of opportunities for accountants at the moment. I know my firm are crying out for new staff!
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iooi
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PostPosted: 20:28 - 08 May 2007    Post subject: Reply with quote

Go for it, don't sit doing something you hate. I spent 30 years doing the same thing of which the last 10 i hated. In the end i jumped rather than hang on for the payoff..
Best move i ever made, now feel like i have my life back and enjoy going to work, rather than trying to think of a excuse not to.

You could always fund a change by doing a bit of accounting on the side, if your field of training allows for it.
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BigChris
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PostPosted: 20:33 - 08 May 2007    Post subject: Reply with quote

Get your CV into banks. You'll rake it in if you work in the City.
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Itchy
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PostPosted: 20:47 - 08 May 2007    Post subject: Reply with quote

Damofo D.O.G. wrote:
What flavour accountant are you Itchy?

AAT? If so, then you could very easily get a training contract for ACA from a big firm. From reading some of your posts on here you clearly know your onions.

Alternatively the CIMA route - both can make very decent money! What's preventing your progression at the moment? There are loads of opportunities for accountants at the moment. I know my firm are crying out for new staff!


ACCA+ATII (tax expert) , I paid for it 100% my self every single company who said they would pay for my training , reneged upon it
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Itchy
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PostPosted: 20:48 - 08 May 2007    Post subject: Reply with quote

Dan 4RR wrote:
Change, change to what though? IT jobs, art, building trades, mechanics, teaching?


I was thinking of taking a year out to go do NATs , national air traffic control or maybe a plumber or something
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Kickstart
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PostPosted: 20:56 - 08 May 2007    Post subject: Reply with quote

Hi

Being realistic, what are your chances of advancment? Would you actually enjoy the job once you got the money, or would you even be able to put up with it.

Possibly easier to walk out of a job you hate when you havn't got used to the money.

All the best

Keith
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Visitor Q
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PostPosted: 21:22 - 08 May 2007    Post subject: Reply with quote

Hmm, dunno the exact logistics of it but as far as my dads always led me to believe you are shat upon from up high as an accountant.
As a chartered account, you get to drop the kecks and take aim.

Might be worth looking into it (its obviously hard/time consuming/soul destroying or else more would do it) if money is the main criteria for you?

Plus im pretty sure you can convert a degree in accountancy to allow you to do the rest of the training to become a solicitor/barristor.

Couldnt remember the logistics at all im sorry, but i know you can do conversions from other 'decent' degrees.
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Duckyboos
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PostPosted: 21:56 - 08 May 2007    Post subject: Reply with quote

My humble, perhaps slightless pointless advice : don't go into residential conveyancing. I thought that going from accountancy into law would be an easy move... using my finance background as a bridge, but now I'm in residential conveyancing and it's a horrid job - I only stick it because of the money. I'm planning to study my way out of it, if I can stick it for long enough - the ILEX will take me at least 3 years.

Sometimes the strangest things can make you think of a career change... like my day out at Knowsley Safari Park last year... I want to quit the office and look after elephants and meercats instead!
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Duckyboos
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PostPosted: 22:01 - 08 May 2007    Post subject: Reply with quote

bonny_ricardo wrote:
...but i know you can do conversions from other 'decent' degrees.

Aye - a CPE conversion course...AFAIK it qualifies you for admission onto the BVC (Bar Vocational Course) or the LPC (Legal Practice Course) - both rather hard work and perhaps a little expensive too but not a bad idea...
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trevoriv
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PostPosted: 22:14 - 08 May 2007    Post subject: Reply with quote

Dude, im actually jealous of you man. I always wanted to get into the finance industry proper as opposed to the insurance sector and i bet i earn less matey!

Best i can hope for in my current role is training towards an ACII.

Hence i've started my own small business from home to supplement my income!

I was always under the general impression that cityboy accountants for decent firms were on a par with the IT consultants when it came to pay and career paths?
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Kickstart
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PostPosted: 22:18 - 08 May 2007    Post subject: Reply with quote

trevoriv wrote:
I was always under the general impression that cityboy accountants for decent firms were on a par with the IT consultants when it came to pay and career paths?


Didn't know accountancy was that screwed these days.

All the best

Keith
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NSR Mick
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PostPosted: 22:20 - 08 May 2007    Post subject: Reply with quote

Kickstart wrote:
trevoriv wrote:
I was always under the general impression that cityboy accountants for decent firms were on a par with the IT consultants when it came to pay and career paths?


Didn't know accountancy was that screwed these days.

All the best

Keith


You'll be suprised to learn that the IT industry is'nt the easy earner it used to be.
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Kickstart
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PostPosted: 22:25 - 08 May 2007    Post subject: Reply with quote

gsxrmick wrote:
You'll be suprised to learn that the IT industry is'nt the easy earner it used to be.


Exactly my point.

Been working in IT for 20 years. Currently hating it because the money isn't that good anymore unless you want to be one of the useless ones who generates paperwork and stops anyone doing anything.

All the best

keith
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trevoriv
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PostPosted: 22:30 - 08 May 2007    Post subject: Reply with quote

Well I applied for IT consultant / business consultant jobs (ie IBM, Accenture) and a few accountancy jobs when i finished uni, they all seemed to have very similar pay scales and career development opportunities.
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Kickstart
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PostPosted: 22:33 - 08 May 2007    Post subject: Reply with quote

Hi

Slightly off topic, but I want to actually generate something meaningful and useful. And spending 90% of my time on useless bureaucracy, while having 15 layers of a manager between myself and those who use the software is really getting me down.

IT has turned into a reasonably well paying McJob.

All the best

Keith
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D O G
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PostPosted: 23:42 - 08 May 2007    Post subject: Reply with quote

Itchy wrote:

ACCA+ATII (tax expert) , I paid for it 100% my self every single company who said they would pay for my training , reneged upon it


I don't know where you're based, but I would expect that you should be getting paid NO LESS than £30k, which as you well know is well above national average.

Further more, you should have a fairly clear career progression path to where you want to be. If this is not the case, then I can only conclude that your firm is taking the piss.

If you hate the job (which would seem unlikely given the amount of effort you have put in to date), then you may as well quit, but always remember the grass is not neccessarily greener. If you do want to continue in the profession, get in touch with one (preferably two or three) of those vile creatures known as recruitment agents, and they will fall over themselves to place you. If nothing else it gives you an idea of the market.

Lets face it, most people don't find accountancy earth shatteringly exciting (I know I don't), but then again, most people don't enjoy their job, whatever it may be.

I think you have an opportunity to earn some decent cash, and have a good career, do a bit more research in your industry first, before you jump ship totally. Thumbs Up

Good luck
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bob-a-job
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PostPosted: 02:30 - 09 May 2007    Post subject: Reply with quote

Dont change jobs, change company. My housemate is an accountant and has been doing for about 6 yrs too. His first job sucked then he moved to a differnet company and his pay went up...

They are just raping you for all your worth, move on...
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m99dws
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PostPosted: 02:32 - 09 May 2007    Post subject: Reply with quote

Move abroad Thumbs Up
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Itchy
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PostPosted: 07:54 - 09 May 2007    Post subject: Reply with quote

Kickstart wrote:
Hi

Being realistic, what are your chances of advancment?



I think pretty much zilch, all companies promise the earth when you are signing up , I;ve been here 13 months passed more exams , and career advancement has been nil

Kickstart wrote:

Would you actually enjoy the job once you got the money, or would you even be able to put up with it.



Possibly easier to walk out of a job you hate when you havn't got used to the money.

All the best

Keith



I'm taking babyyam's view of the world ie work , take your cheque and go play at weekends, thus I'd tolerate it , thing is the wedge is depressingly small, which means that this theory doesn't really work very well for me,
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Itchy
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PostPosted: 08:03 - 09 May 2007    Post subject: Reply with quote

Kickstart wrote:
Hi

Slightly off topic, but I want to actually generate something meaningful and useful. And spending 90% of my time on useless bureaucracy, while having 15 layers of a manager between myself and those who use the software is really getting me down.

IT has turned into a reasonably well paying McJob.

All the best

Keith


sounds familiar, a new MD has taken over here bureaucracy increased massively takes me to about 11am before I actually start generating money for the company.
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Dan 4RR
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PostPosted: 19:15 - 09 May 2007    Post subject: Reply with quote

Itchy - You often mention leaving the UK. Don't want to retire in the UK, etc. Do you mean to emigrate as an accountant, or other skill/trade in the next 5-10 years?
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