Anonymous User wrote:
whysooseriousbiglaw wrote:If you guys don't believe us, then you don't understand accounting hiring....HTH.
If you want geographic mobility, job security, ease of finding jobs, etc. become a CPA, don't become a lawyer.
I'm a former big4 manager in a major market (think NYC, SF, Chi). I think I know how accounting hiring works.
Yeah, if you want to make 90k in a high COA market or live in Ohio, 2 and done out of the big4 is great.
Otherwise, I'd say you guys are overstating how rosy the market is for accountants. FWIW most of my friends looked for a year+ before they found something good (or gave up and settled).
ETA: also, why would you leave the law, spend 1 year getting a MaCC, spend 2 more years (at least) at a big4 when you can just get an in house job. Even if getting a job in house is really really hard, I seriously doubt that it would take 3 years.
You'd be surprised. Like nealric mentioned above, in house is all about networking or luck if you're not at a v10 or whatever.
First, it's about long term job prospects for making the switch. I know a few lawyers who have gone in house and hated their in house job, either due to politics, long hours, or terrible work - it's a lot harder finding another in house job than it is to find another accounting in house job. I know people who have left the law after going in house because they realized it sucks balls.
Second, as we mentioned above, transactional legal work SUCKS BIG BALLS. I'd rather be doing accounting in house than transactional work in house. I'm not saying accounting is "exciting" but having to draft and review contracts for life makes me want to killself. Do you want to work for a bank and do securities work? LOL @ capital markets attorneys. I feel sorry for them. JFC, I would killself if I had to do capital markets work for life.
Third, if I'm eager to move to a secondary, smaller market, it's a lot easier doing that with accounting than in law. There are a lot more jobs in secondary markets for accountants than lawyers. I have no intention of living in NYC or SF or whatever long term since you can't financially do that without making 500k+ anyway unless you are willing to commute an hour to work, which I am not. And few, if any, house jobs pay 500k.
Fourth, which ties in with the second reason, your friends took a year to find something "good". Biglawyers take a year to find ANY in house job, let alone something "good." Most of them settle for the first in house job they can find IME because it's hard landing an in house job period.
The legal market is absolute trash compared to most other fields - biglawyers with great credentials have trouble landing any in house job, whereas accountants from shitty schools get multiple offers.