Worked 41 hours by tuesday night

(Study Tips, Dealing With Stress, Maintaining a Social Life, Financial Aid, Internships, Bar Exam, Careers in Law . . . )
User avatar
ben4847
Posts: 789
Joined: Mon Nov 07, 2011 11:38 pm

Worked 41 hours by tuesday night

Postby ben4847 » Fri Mar 02, 2012 6:02 pm

My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.

rad lulz
Posts: 9844
Joined: Sun Feb 19, 2012 10:53 pm

Re: Worked 41 hours by tuesday night

Postby rad lulz » Fri Mar 02, 2012 6:05 pm

.
Last edited by rad lulz on Sun Apr 21, 2013 4:29 pm, edited 1 time in total.

User avatar
nickjive
Posts: 121
Joined: Sat Jun 04, 2011 10:29 pm

Re: Worked 41 hours by tuesday night

Postby nickjive » Fri Mar 02, 2012 6:07 pm

story

JG7773
Posts: 333
Joined: Mon Mar 22, 2010 2:02 am

Re: Worked 41 hours by tuesday night

Postby JG7773 » Fri Mar 02, 2012 6:08 pm

Bro.

User avatar
NYC Law
Posts: 1569
Joined: Thu May 26, 2011 3:33 pm

Re: Worked 41 hours by tuesday night

Postby NYC Law » Fri Mar 02, 2012 6:09 pm

Everything I've read said most accountants work 40-45 hours a week. I mean, it is the high point of tax season, so yeah, hours might be a little rough right now.

User avatar
gaud
Posts: 5790
Joined: Sat Feb 05, 2011 2:58 am

Re: Worked 41 hours by tuesday night

Postby gaud » Fri Mar 02, 2012 6:11 pm

ben4847 wrote:If I'm going to work like a house elf, I may as well get paid like a malfoy.


Are we making HP puns?

Image

User avatar
Mce252
Posts: 940
Joined: Thu Jun 11, 2009 12:43 pm

Re: Worked 41 hours by tuesday night

Postby Mce252 » Fri Mar 02, 2012 6:16 pm

ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit season and chances are you won't get a big law job.

User avatar
TrojanHopeful
Posts: 385
Joined: Sun Apr 04, 2010 1:37 am

Re: Worked 41 hours by tuesday night

Postby TrojanHopeful » Fri Mar 02, 2012 6:28 pm

Mce252 wrote:
ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit tax season and chances are you won't get a big law job.


just sayin

User avatar
birdlaw117
Posts: 2167
Joined: Thu Sep 16, 2010 12:19 am

Re: Worked 41 hours by tuesday night

Postby birdlaw117 » Fri Mar 02, 2012 6:30 pm

TrojanHopeful wrote:
Mce252 wrote:
ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit tax season and chances are you won't get a big law job.


just sayin

It's both. Just sayin.

User avatar
Extension_Cord
Posts: 592
Joined: Mon Sep 05, 2011 3:15 pm

Re: Worked 41 hours by tuesday night

Postby Extension_Cord » Fri Mar 02, 2012 6:41 pm

Please share more.

User avatar
doubletacct
Posts: 2
Joined: Tue Feb 28, 2012 12:12 am

Re: Worked 41 hours by tuesday night

Postby doubletacct » Fri Mar 02, 2012 6:47 pm

Op is correct.
Can't comment on Biglaw, but I know for a fact auditors work 65+ hrs for minimal pay

User avatar
NYC Law
Posts: 1569
Joined: Thu May 26, 2011 3:33 pm

Re: Worked 41 hours by tuesday night

Postby NYC Law » Fri Mar 02, 2012 6:56 pm

doubletacct wrote:Op is correct.
Can't comment on Biglaw, but I know for a fact auditors work 65+ hrs for minimal pay


$55k with just a Bachelors isn't 'minimal pay'.

User avatar
Mce252
Posts: 940
Joined: Thu Jun 11, 2009 12:43 pm

Re: Worked 41 hours by tuesday night

Postby Mce252 » Fri Mar 02, 2012 8:25 pm

TrojanHopeful wrote:
Mce252 wrote:
ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit tax season and chances are you won't get a big law job.


just sayin



It's always tax season for a Big 4 accountant. Audit is what causes ridiculous hours.

User avatar
Gail
Posts: 977
Joined: Thu Nov 10, 2011 11:11 am

Re: Worked 41 hours by tuesday night

Postby Gail » Sat Mar 03, 2012 2:54 pm

Mce252 wrote:
ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit season and chances are you won't get a big law job.


chances are, very few people here would have gotten a big 4 job.

just sayin

User avatar
Mce252
Posts: 940
Joined: Thu Jun 11, 2009 12:43 pm

Re: Worked 41 hours by tuesday night

Postby Mce252 » Sat Mar 03, 2012 5:05 pm

Gail wrote:
Mce252 wrote:
ben4847 wrote:My brother is an accountant, and just told me that this week he had worked 41 hours by Tuesday night.

You know what the starting salary at a big 4 accounting firm is?
You know what the starting salary at well over 100 law firms is?

That's why I'm going to law school. If I'm going to work like a house elf, I may as well get paid like a malfoy.


It's audit season and chances are you won't get a big law job.


chances are, very few people here would have gotten a big 4 job.

just sayin


Well that's not a stacked inference at all. What the hell are we even talking about? Whether my chances as an accountant would have been the same had I pursued it instead of the law and, if the chances are greater, whether the lower pay is worth hours that may or may not be similar?

/thread

Sandro
Posts: 2526
Joined: Sat Jul 18, 2009 12:12 am

Re: Worked 41 hours by tuesday night

Postby Sandro » Sun Mar 04, 2012 4:32 am

NYC Law wrote:
doubletacct wrote:Op is correct.
Can't comment on Biglaw, but I know for a fact auditors work 65+ hrs for minimal pay


$55k with just a Bachelors isn't 'minimal pay'.


In TLS land it is, compared to the 100k consulting/wall st job you can easily get right out of undergrad 8)

TheFactor
Posts: 789
Joined: Wed Feb 23, 2011 3:12 pm

Re: Worked 41 hours by tuesday night

Postby TheFactor » Mon Mar 05, 2012 11:44 pm

COOL MAN!

Riles246
Posts: 96
Joined: Fri Mar 27, 2009 12:29 pm

Re: Worked 41 hours by tuesday night

Postby Riles246 » Wed Mar 07, 2012 2:39 pm

As a former Big4 senior associate, let me first say that it is NOT tax season. It is audit season. The only accountants doing taxes right now are those who work at TTT firms that handle individual returns, since corporations file their returns September 15. Even the tax guys are doing audits right now, since auditing the tax provision is a big part of what a tax associate does at the Big4.

Also, I will just say that most associates, at least on the tax side, do not charge more than 2000 hours per year. There are 70 hour weeks, but then there are also weeks where you just spend the whole day on youtube or looking for stuff to do. There are many departments in biglaw that are like this too.

So anyway, 41 hours by Tuesday sucks but definitely doesn't happen all year long. And if you look at the salary of a 4th year associate at Big4 then you look at the salary of 80%+ law students, you'll see that it's not a bad way for a 25 year old to earn a living (since you get to start at 21). I chose law school because I want to stay in tax and ramp up my earning power, but I just wanted to chime in and defend my former colleagues' career choices. It's also nice for them to have doors opened to CFO and other C level positions, since Big4's are like resume gold.

User avatar
birdlaw117
Posts: 2167
Joined: Thu Sep 16, 2010 12:19 am

Re: Worked 41 hours by tuesday night

Postby birdlaw117 » Wed Mar 07, 2012 2:44 pm

Riles246 wrote:As a former Big4 senior associate, let me first say that it is NOT tax season. It is audit season. The only accountants doing taxes right now are those who work at TTT firms that handle individual returns, since corporations file their returns September 15.

If a corporation is operating on a calendar year basis their return is due in a week. While most large corporations operate on a fiscal year basis, Big 4 firms, as well as most firms, also prepare returns smaller and mid-size corporations that operate largely on a year end basis.

Oh, and you most people don't finish UG by 21, let alone start at a Big 4 firm (since they start in the fall).

Essentially, either you were a shitty associate that didn't observe what was going on around you, or you're making shit up.

Riles246
Posts: 96
Joined: Fri Mar 27, 2009 12:29 pm

Re: Worked 41 hours by tuesday night

Postby Riles246 » Wed Mar 07, 2012 2:53 pm

birdlaw117 wrote:If a corporation is operating on a calendar year basis their return is due in a week. While most large corporations operate on a fiscal year basis, Big 4 firms, as well as most firms, also prepare returns smaller and mid-size corporations that operate largely on a year end basis.

Oh, and you most people don't finish UG by 21, let alone start at a Big 4 firm (since they start in the fall).

Essentially, either you were a shitty associate that didn't observe what was going on around you, or you're making shit up.


So I guess you've read the tax code, but it's clear that you've never actually worked in the field. It's cool that you're trying, though. And that you feel confident enough to call people names even though your facts are wrong. Large corporations ALWAYS file extensions on their returns and as a result, their returns are due September 15. The numbers aren't even ready by March 15 since the financial statements aren't even due until March 15. So unless you work at a tiny accounting firm that deals with individuals or small companies, or you happen to be in a small group at the Big4 that deals with uber-wealthy people, you are not dealing with tax returns right now.

And are you seriously arguing about whether people start when they are 21 or 22?! Sorry, I never ran a poll of when the new associates birthdays were so that I could figure out if they were 21 or 22 by their september start date. Clearly a good reason to call someone a "shitty associate", thanks.

User avatar
20130312
Posts: 3842
Joined: Wed Nov 09, 2011 8:53 pm

Re: Worked 41 hours by tuesday night

Postby 20130312 » Wed Mar 07, 2012 2:54 pm

NYC Law wrote:
doubletacct wrote:Op is correct.
Can't comment on Biglaw, but I know for a fact auditors work 65+ hrs for minimal pay


$55k with just a Bachelors isn't 'minimal pay'.


It is for a 65+ hr/wk gig.

User avatar
Stanford4Me
Posts: 6045
Joined: Thu Jan 10, 2008 1:23 am

Re: Worked 41 hours by tuesday night

Postby Stanford4Me » Wed Mar 07, 2012 2:59 pm

Tax accountants are always working long hours and that is just exacerbated by "tax season." Audit accountants work ridiculous hours year round. I met up with a friend of Christmas break who works for one of the Big 4 and he told me he usually leaves the office around 7 each night and Saturdays are expected, with Sunday being a 50/50 chance of working. He was averaging between 65 - 70 hours and making like $60k or something like that. Not good return, IMO, especially since partnership prospects are just as bleak, and pay increases don't match Big Law.

I still don't recommend law school.

User avatar
Guchster
Posts: 1205
Joined: Wed Apr 06, 2011 9:38 pm

Re: Worked 41 hours by tuesday night

Postby Guchster » Wed Mar 07, 2012 3:03 pm

birdlaw117 wrote:
Riles246 wrote:As a former Big4 senior associate, let me first say that it is NOT tax season. It is audit season. The only accountants doing taxes right now are those who work at TTT firms that handle individual returns, since corporations file their returns September 15.

If a corporation is operating on a calendar year basis their return is due in a week. While most large corporations operate on a fiscal year basis, Big 4 firms, as well as most firms, also prepare returns smaller and mid-size corporations that operate largely on a year end basis.

Oh, and you most people don't finish UG by 21, let alone start at a Big 4 firm (since they start in the fall).

Essentially, either you were a shitty associate that didn't observe what was going on around you, or you're making shit up.



8)

Riles246
Posts: 96
Joined: Fri Mar 27, 2009 12:29 pm

Re: Worked 41 hours by tuesday night

Postby Riles246 » Wed Mar 07, 2012 4:18 pm

I guess Guchster didn't see my response to the inaccurate, classless response to my initial post. Whatever.

But I need to clarify for some in this thread that just because your friends say they "average" 65-70 hour weeks does not make it so. When I was at the Big4, they would circulate a quarterly utilization report. At the end of the year, maybe 5% of our entire region was over 100% utilization. 100% is equal to 2080 charged hours. The goal was 83%, and the majority fell between 70 and 90. This means that, on average, the associates billed around 1600 hours per year. This is waaaaaay less than "averaging 70 hour weeks". Your friends are complaining to you during their peaks, and silent during their troughs.

Big 4 is a great place to be if you can handle unpredictability. I liked it and might go back after LS. Unlike fellow posters, I am not in this thread to call people disrespectful names, only to provide my experiences. If you have trouble making biglaw, or just want a different option, the Big 4 is not a bad choice at all.
Last edited by Riles246 on Wed Mar 07, 2012 6:29 pm, edited 1 time in total.

User avatar
RMstratosphere
Posts: 443
Joined: Fri Jul 10, 2009 2:25 pm

Re: Worked 41 hours by tuesday night

Postby RMstratosphere » Wed Mar 07, 2012 4:30 pm

My brother works a lot so I'm going to law school. Ancient fucking aliens.




Return to “Forum for Law School Students”

Who is online

Users browsing this forum: deadthrone7, LawHammer, Stubbazubba and 12 guests