BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
GetBMWParts
Post Reply
 
Thread Tools Search this Thread
      06-06-2011, 09:06 PM   #23
Tortfeasor 335xi
Corporate Hack
Tortfeasor 335xi's Avatar
United_States
3
Rep
288
Posts

 
Drives: '08 335xi Coupe
Join Date: Mar 2008
Location: Princeton, NJ / Philly, PA

iTrader: (0)

Another thing to consider before you decide to go to law school. This is after assuming you will take on no debt, that you get into a good school, that you do well and graduate in the top 10% of your class, are an editor on the school law review, that you pass the bar exam, and that you get an offer from a large law firm. Are you prepared to work 60-80 hour weeks for the rest of your life?

Big firm lawyering is not so much a 9-5 job as it is a lifestyle choice. You will be working 10 to 12 hours most days. Also, the work you will be doing is not the glamorous trial advocacy that you see on TV. All of that is done by the senior most litigation partners. Your job will be doing document review, basic legal research and writing, and basic contract/report drafting. It is dull, repetitive work. Also, you will be treated like an indentured servant by senior associates, and senior partners, if they even deign to notice you, will tell you to get them coffee because their secretaries are busy with more important things. So, don't let the 6 figure salaries fool you, its not a glamorous or rewarding life at all.

So again, I urge you to consider seeing if you like accounting first. Because the most fun lawyering, the assistant district attorneys, the public defenders, the small firm jobs, the jobs that get young associates interesting work, they don't pay anything near 6 figures. Closer to half that amount actually. There used to be an assistant district attorney who bar tended down the street from me at nights so he could pay rent. I only wish I was joking.
__________________
New Car: 2008 335xi Coupe
Earlier Car: 2004 STi (got stolen)
Earlier Earlier Car: 1995 Mustang GT (416 whp and a blown engine)
Really Much Earlier Car: 1988 Mazda 626 TURBO
Appreciate 0
      06-06-2011, 09:15 PM   #24
onesuperboi
Major
onesuperboi's Avatar
United_States
21
Rep
1,342
Posts

 
Drives: '08 e92 335i COBB 4.01 Stage 1
Join Date: Aug 2008
Location: Bay Area, CA (Alameda)

iTrader: (6)

This is very good information. +1 on the becoming a lawyer. I've heard that the market is super tough right now, and that you have to have graduated from top schools to work for firms. Otherwise, you'd have to work for your own practice...

Slightly off-topic, but are there any opinions on CPA vs. CFA? Which is more beneficial for accounting/financing positions?
Appreciate 0
      06-08-2011, 04:33 PM   #25
dth656
First Lieutenant
7
Rep
321
Posts

 
Drives: e90 330i
Join Date: Dec 2006
Location: cali

iTrader: (0)

Quote:
Originally Posted by Tortfeasor 335xi View Post
Another thing to consider before you decide to go to law school. This is after assuming you will take on no debt, that you get into a good school, that you do well and graduate in the top 10% of your class, are an editor on the school law review, that you pass the bar exam, and that you get an offer from a large law firm. Are you prepared to work 60-80 hour weeks for the rest of your life?

Big firm lawyering is not so much a 9-5 job as it is a lifestyle choice. You will be working 10 to 12 hours most days. Also, the work you will be doing is not the glamorous trial advocacy that you see on TV. All of that is done by the senior most litigation partners. Your job will be doing document review, basic legal research and writing, and basic contract/report drafting. It is dull, repetitive work. Also, you will be treated like an indentured servant by senior associates, and senior partners, if they even deign to notice you, will tell you to get them coffee because their secretaries are busy with more important things. So, don't let the 6 figure salaries fool you, its not a glamorous or rewarding life at all.

So again, I urge you to consider seeing if you like accounting first. Because the most fun lawyering, the assistant district attorneys, the public defenders, the small firm jobs, the jobs that get young associates interesting work, they don't pay anything near 6 figures. Closer to half that amount actually. There used to be an assistant district attorney who bar tended down the street from me at nights so he could pay rent. I only wish I was joking.
i know a few lawyers--the ones who went to crappy schools ended up doing contract work, or worse, e-discovery PM work. the ones who went to top schools (columbia, cornell, stanford, berkeley) ended up higher on the food chain, but it still didn't sounded like a tough lifestyle.

http://www.leveragedsellout.com/2006...law-bigschmaw/
__________________
go bears
Appreciate 0
      06-08-2011, 04:58 PM   #26
Kroy
Brigadier General
Kroy's Avatar
United_States
39
Rep
3,035
Posts

 
Drives: E90
Join Date: Jul 2009
Location: Los Angeles, CA

iTrader: (1)

Quote:
Originally Posted by jpsum View Post
Most firms require CPA for a management title. Staff I, II makes $40 - $60k and Senior Staff makes $70k at the most at the big 4s. Being a staff often requires long hours and extensive traveling depending if you are internal or external audit. If you are going into accounting, it's better if you get the CPA as soon as possible. Most becomes a CPA while they are on the job as the company will usually pay for the first CPA exam fees which is about $400 a pop.

I think A is a good choice if you really want to be in this industry. After two years, I'm certain your mindset will be different. So decide on law school went the time comes.
+1

Also, getting some time in the accounting field might change your opinion. My buddy worked for a public firm right out of college and he hated that job. Not sure if it was the culture or the work itself, but he wasn't happy. He now works as a controller and sounds much happier. I think picking A would be a good choice to see if you like it or not.
Appreciate 0
      06-08-2011, 05:23 PM   #27
aut0sh0cker
meh
aut0sh0cker's Avatar
United_States
34
Rep
1,758
Posts

 
Drives: E92 335i, 997.2 C4S
Join Date: Jan 2008
Location: 91362

iTrader: (2)

Quote:
Originally Posted by onesuperboi View Post
This is very good information. +1 on the becoming a lawyer. I've heard that the market is super tough right now, and that you have to have graduated from top schools to work for firms. Otherwise, you'd have to work for your own practice...

Slightly off-topic, but are there any opinions on CPA vs. CFA? Which is more beneficial for accounting/financing positions?
Depends on the job, really. Saying "accounting/finance" is just too broad. Hell, it even depends on the firm you work for. Some view the CFA as a MBA replacement (this varies a lot from firm to firm), opening the door to a huge number of other career choices..
Appreciate 0
      06-17-2011, 04:59 PM   #28
chesterfan1230
Colonel
chesterfan1230's Avatar
51
Rep
2,561
Posts

 
Drives: a Bat Mobile :)
Join Date: Apr 2008
Location: NJ

iTrader: (10)

Garage List
2012 335iS  [0.00]
Send a message via AIM to chesterfan1230
I would never practice accounting as a profession. I love the subject but would never want to practice it. I wouldn't consider teaching either. I simply chose it avoid taking the typical political science major and wanted to learn something applicable in life.

Right now I'm either going to go for public interest law(Assistant DA, Public defender etc) or Big Law(Either in litigation or business law). I still need to get my feet wet in law to see what I want to do.
__________________
Current: 2012 335iS
Past: 2006 e90 325xi, 2010 135i
Appreciate 0
      06-17-2011, 06:35 PM   #29
mact3333
Captain
mact3333's Avatar
41
Rep
781
Posts

 
Drives: 11' Audi S4
Join Date: Mar 2011
Location: Pacific NW

iTrader: (1)

..

Last edited by mact3333; 06-17-2011 at 06:48 PM.
Appreciate 0
      06-17-2011, 06:40 PM   #30
ghosthi32
Banned
25
Rep
2,516
Posts

 
Drives: Water camel
Join Date: Dec 2009
Location: strait of hormuz

iTrader: (0)

mact knows everything
Appreciate 0
      06-17-2011, 06:49 PM   #31
mact3333
Captain
mact3333's Avatar
41
Rep
781
Posts

 
Drives: 11' Audi S4
Join Date: Mar 2011
Location: Pacific NW

iTrader: (1)

Quote:
Originally Posted by ghosthi32 View Post
mact knows everything


didnt realize my post came across as being patronizing...I deleted it...just trying to help...guess some will see evil in trying to elucidate jobs paying 200K plus without going to school for 10 yrs.
Appreciate 0
      06-17-2011, 06:53 PM   #32
ghosthi32
Banned
25
Rep
2,516
Posts

 
Drives: Water camel
Join Date: Dec 2009
Location: strait of hormuz

iTrader: (0)

bahahahahahha why so serious
Appreciate 0
      06-17-2011, 10:48 PM   #33
chesterfan1230
Colonel
chesterfan1230's Avatar
51
Rep
2,561
Posts

 
Drives: a Bat Mobile :)
Join Date: Apr 2008
Location: NJ

iTrader: (10)

Garage List
2012 335iS  [0.00]
Send a message via AIM to chesterfan1230
Quote:
Originally Posted by mact3333 View Post
didnt realize my post came across as being patronizing...I deleted it...just trying to help...guess some will see evil in trying to elucidate jobs paying 200K plus without going to school for 10 yrs.
You have to understand that at the moment I'm 20. I'll end up graduating at 23-24. I'm also in a good position that I probably will have very little debt (have none at the moment) after graduating law school.

If I don't want to practice accounting, it's my own choice not to. Money is not everything to me. Its enjoying what I do, which is exactly why I'm consider public interest law.
__________________
Current: 2012 335iS
Past: 2006 e90 325xi, 2010 135i
Appreciate 0
      06-17-2011, 11:21 PM   #34
onesuperboi
Major
onesuperboi's Avatar
United_States
21
Rep
1,342
Posts

 
Drives: '08 e92 335i COBB 4.01 Stage 1
Join Date: Aug 2008
Location: Bay Area, CA (Alameda)

iTrader: (6)

Quote:
Originally Posted by chesterfan1230 View Post
You have to understand that at the moment I'm 20. I'll end up graduating at 23-24. I'm also in a good position that I probably will have very little debt (have none at the moment) after graduating law school.

If I don't want to practice accounting, it's my own choice not to. Money is not everything to me. Its enjoying what I do, which is exactly why I'm consider public interest law.
Cool story bro. Then why ask your question if you already have formed your opinion? To brag?
Appreciate 0
      06-18-2011, 08:05 AM   #35
chesterfan1230
Colonel
chesterfan1230's Avatar
51
Rep
2,561
Posts

 
Drives: a Bat Mobile :)
Join Date: Apr 2008
Location: NJ

iTrader: (10)

Garage List
2012 335iS  [0.00]
Send a message via AIM to chesterfan1230
Quote:
Originally Posted by onesuperboi View Post
Quote:
Originally Posted by chesterfan1230 View Post
You have to understand that at the moment I'm 20. I'll end up graduating at 23-24. I'm also in a good position that I probably will have very little debt (have none at the moment) after graduating law school.

If I don't want to practice accounting, it's my own choice not to. Money is not everything to me. Its enjoying what I do, which is exactly why I'm consider public interest law.
Cool story bro. Then why ask your question if you already have formed your opinion? To brag?
To get advice on CPA business and not law school. Thanks.
__________________
Current: 2012 335iS
Past: 2006 e90 325xi, 2010 135i
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 12:19 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST