Quote:
Originally Posted by twoturboz
.... With a CPA you're going to be making WAY more than 60k a year at a firm.
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Entry level staff acountant positions with the Big 4 and the next few largest (McGladery, Grant, etc.) pay, depending on the market, between 45-60K a year. I know friends in lower cost of living markets making $45K with the Big 4 and one in NYC who is making $60k a year with PwC.
You also get no extra salary for being a CPA, but most of the firms require it to be promoted to senior (3rd year) and will give you a 5k bonus for passing plus pay for all the study materials and exam fees.
TBH, the pay in public account sucks. You do it for the experience you are getting and the vaule it adds to you. This is why after 3-5 years public accounting has such a high turnover. You can leave and go to private industry making 50K more than what you'd make in a public firm.
OP, if you have any specific questions about the CPA exam, working as an auditor, the firms, etc, feel free to PM me.