I quit my accounting job.
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- Опубліковано 27 сер 2024
- Hey guys,
In this video I talk about why I quit my job as a tax manager and why I decided to leave the accounting industry. I also talk about what I plan to do next in my career and what's in store for this channel.
See you in the next one,
Jen
😊 My Contact Info:
Instagram: / financialmatter
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#iquit #iresign #leavingmyjob #accounting
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Yes! PTL! I love how you're so brave for taking on your dreams instead of just keeping your head down and surviving day to day. I know you haven't figured it all out, but that's okay! No one has! I can't wait to see more content on this channel. I know you've already taught me so much about my finances (through this channel and off) and it's made such a huge impact in my life for the better. Can't wait for others to benefit from all of your hard work and experiences!
Your welcome
Good night jen
I’ve been an accountant for 20 years and I hate it with all my heart. I struggle with severe depression because I don’t know how to get out. I want to be free so bad, I’m a VP now, make money but I cry everyday over it.
If you are interested, become a teacher....there are so many teacher preparation programs out there for career changes with no experience in education.
@@jovannicruz261 Take a job in private sector cuz public accounting can be as brutal.
Find ur passion accounting is a soul sucking profession if you work under a boss that doesn’t value . Balance is key
@@isranhanif6593 What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
What does it mean when it’s your 2nd week at work and you’ve been kind of nervous because you’re new to the job but you ask one of your trainers and she says your doing great and she asks “how long have you been here, since last week?” “I reply “yes since last week” and she says “yeah you’re doing really good”. But she has given more work to the one that has been there for 7 months and the guy who’s been there for 1 month, and not me…. Does that mean she doesn’t think I’m ready for that amount of work? I work for the city as an accounting clerk. ….. am I just overthinking it? I was working really fast and balancing with my money while the others were kind of messing up with their counting and then all of a sudden yesterday and today they started working faster than usual…… any thoughts? Like I’m not sure if I’m being useful or resourceful
Is accounting environment supposed to be like this?
Stay out of the big 4 firms and work for a local or regional firm. You’ll work 30 hours during the summer and 60 max during tax season. Not bad at all
I am currently working in big 4 and can relate to this during the busy season it's so horrible that I cannot even get a proper 6 hours of sleep.
I have been watching you since I was an undergrad in accounting. Currently on my last year of school, going for my masters and I still learn a lot from your videos. I think you will be an excellent teacher and wish you the best. 👍
Thanks so much Nicholas! Wish you the best in your studies as well!
I’m literally in the same boat. I have worked for the same public accounting firm for 4 years now am an a senior accountant. I was fresh out of college when I first started working here and noticed right away that this wasn’t for me. The stress is so much and it gives me severe anxiety. Now that I am a few years in I have tried to put my foot down a bit more to have a better work life balance but I think that people have this expectation that I will be able to put in the extra hours and do everything right away because that’s how I have always been. I am exhausted and looking to leave public accounting
Hey Kenicke - yes definitely agree with you. The times I had the most difficulty with others was when I was trying to separate work from my personal life. I was in the "in" group if I put in the crazy hours or if I was the most dedicated worker in the office. When I begin to prioritize life outside of work, that's when the problems started to occur. I even worked for a firm where we had "mandatory hours" during busy seasons. For instance we would have to work 55-60 chargeable hours. This highlighted the fact that the focus was on quantity of hours and not efficiency. Because this was a standard, I decided to leave public accounting. I don't know when the best time for you to leave is but definitely continue to see where you want to be in 5-10 years and if your current workplace aligns with your values.
❤ Hope you will move out to a better place soon, good luck!
Honestly it’s draining, very draining. These employers want you to give them your soul just mean month ends. Am like when do you get a breather? Time to relax? 80+hours is not good for anyone. Sure the money might be good but your mental health suffering. No matter how I look at it. These clients don’t even care about you. And managers don’t care either. That’s the sad part.
Hey Donna - just subscribed to your channel! Definitely curious as to what videos you will upload!
And yes it is super draining. I felt like work took so much of my time and energy that I had very little to give in other aspects of my life. I hope you find a better workplace yourself and that you take breaks and take care of yourself!
@@FinancialMatter So what did you ladies end up doing? Still in Accounting?
Just took far. I have my bs in economics. I feel so drained, have a buddy that's a CPA and he doesn't seem happy. Just feels so depressing and I'm not motivated to do anything else after
@@FinancialMatter What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Can totally relate to this. I quit my typical corporate accounting job, moved from the city back to the province during pandemic. I still currently work as an accountant tho but I now work from home. Now I can really say I have a good work-life balance which I deprived myself for a very long time. The pandemic indeed brought to light the importance of some life stuffs that we took for granted.
Yess! That’s so good to hear.. that you have a good work/life balance now! I’m glad you were about to assess what you wanted during the pandemic! 👍💛
would you say accounting is worth it if I work remote? I really want an accounting degree but prioritize my free time over a job. idc if I make less money either, just want a good job I could potentially go further with.
@@freddougman58 What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
What does it mean when it’s your 2nd week at work and you’ve been kind of nervous because you’re new to the job but you ask one of your trainers and she says your doing great and she asks “how long have you been here, since last week?” “I reply “yes since last week” and she says “yeah you’re doing really good”. But she has given more work to the one that has been there for 7 months and the guy who’s been there for 1 month, and not me…. Does that mean she doesn’t think I’m ready for that amount of work? I work for the city as an accounting clerk. ….. am I just overthinking it? I was working really fast and balancing with my money while the others were kind of messing up with their counting and then all of a sudden yesterday and today they started working faster than usual…… any thoughts? Like I’m not sure if I’m being useful or resourceful
Is accounting environment supposed to be like this?
Banking sucks balls as well. Working till 3am is not something I want to do 5 months of the year, every single year. And when I'm sick, management constantly calling/texting me to log-in from home and help out..that's when I draw the line....I quit. I can't live like this anymore.
Thanks so much for making this video. I’ve been in public accounting for4 years. 2 years on the review and compilation side and the last two years working in transaction advisory. I just switched jobs and have been SO stressed. The amount of time, anxiety, and energy spent on my job has become nearly too much to handle. It’s encouraging that I’m not the only one. It is a struggle to figure out what the next move should be and to completely exit the financial services realm.
I'm a solo practitioner, tax prep for individuals and small businesses. It takes a while to get clientele via referrals.. (You can always buy a small practice from an older CPA who is retiring though). I set my own hours and only keep a relatively small practice. I've been doing it for over 15 years. I couldn't ever work for a CPA firm boss again.
Do you have to be a CPA to do this?
@@candice446 You can do tax preparation with an "enrolled agent" designation. It merely requires passing a test given by the IRS. But the "prestige" and perhaps ability to charge higher hourly rates is better with a "CPA" license.
How much can you make? Is it similar to what you made when you work for someone
@@yanfenli1249 In Honolulu, Hawaii I charge $200 per hour. I do sometimes go down, especially if I know I wasted time or somehow it shouldn't have taken so long. In big cities (Chicago, Los Angeles, etc.) I believe the rate is higher.
I would never again work for someone else. I have the work experience and knowledge...why would I let someone else earn the profit? Plus, I llke the freedom of doing what I want...as long as I meet the customer's/client's needs.
Kudos to you. I feel ya on why the change is needed. For my team's sanity and the team's bigger individual life & financial goals, we just let 42% of our tax clients go. Refocus on putting family first, dramatically reduce stress and no more missing out on family stuff. I look forward to seeing what you do going forward.
Nice one.
Holy COW, we have the exact same career progression! I did two years in B4 and then moved to a mid sized firm. After getting more free time, I’ve also realized that I just can’t do public anymore, and I don’t think that it’s any better in industry. It seems like I’m burning out every couple of months, and it’s really not sustainable. It feels like I’ve lost the first three years of my post-college life, suffered a lot health wise, and I don’t want this future for myself. I’m looking to reset into a field that treats its workers better and compensates them better, too. Happy for you that you got out, and thank you for making people like me feel less alone in our decisions to leave when most people just stick it out.
You really sound like me! What field are you looking into @hi?
I'm a semester away from graduating with my bachelor's and I completely hate accounting. I started off loving it but after so many nights of studying and bigger projects where I dive into rabbit holes trying to find why something isn't balanced just made me start to really hate it.
I am also a CPA and I too got burned out from public accounting. After the death of a loved one , I finally decided I will always take health over wealth for my remaining lifetime.
Heath > Wealth for sure 👏👏
Omg
Wow you are an incredible and powerful woman. I find you inspiring and refreshing ✨ I honestly would love to take courses from you, judging how great your YT content is, & how generous you are for sharing your knowledge and life with us. Thank you, we need teachers like you.
Thank you so much for your kind words & encouragement!!
I have actually been going through the same thing. I started in accounting back in late 2020 but ended up taking a job in education (a support staff role) almost a year later. Looking back, it probably wasn't the right move. I went from learning new things on a regular basis to doing almost nothing on a daily basis. It was actually pretty depressing. Now I am reconsidering my options. However, it is good to see that it is working out someone.
I'd say at least you went for it and now you know. It's never too late to start again.
OMG Jen , you are my identical twin. The whole time you were talking, I felt as though you were describing my life, 1 thing that’s different
is I got an offer to work for a big 4 for a role of a tax manager but didn’t take it thinking that the time and effort you put in is not worth it. Yes, there is money, but it cannot buy happiness. I decided to continue teaching which gives me flexibility and a feeling of contributing to someone’s growth in the long run. Good luck in your future endeavours.
I just started majoring in accounting. But for me it was always to be an artist/entrepreneur. I figured I could be much more successful having that business acumen and financial support.
How has it been for you as an artist?
@@Sol-Amar I've actually changed majors. I'm studying CAD. I figured I can still do art but as a technical illustrator.
I just came across your video. It’s funny because I am currently searching for tax accountant positions. I started college late, but during my undergrad I got an auditor internship at a mid tier firm in LA. I saw the writing on the wall (long hours and heartless seniors/partners). I quit after 10 months even though they gave me an offer.
Fast forward to 3 months ago. I got my MBA option Accounting. Now I am looking for a private company that offers work life balance and decent pay. I am also finishing my community college teacher certificate with a local state university to gain teaching experience. I got an internship at my local CC( plan to teach intro business). Definitely will agree with you about accounting. Life is short; why work your butt off for public accounting? Not worth it. Good luck! 🍀
I’m a CPA and I came to the same conclusion as well. The thing is that it started to be boring and I’m not learning anything new and there is a limit for how you can earn. Not like other industries like Medical or IT. That’s why I decided to be a software engineer. I’m still at the beginning of my journey but so enthusiastic.
I’ve been a CPA for about 7 years now (3 years in public and 4 years private) and I’ve noticed the more I commit my entire existence to work, the less stressed I am/I start to find work kind of enjoyable… but the second I start trying to have expectations for a personal life, I immediately become stressed and depressed about being in this unforgiving profession. I really need to figure something out before it’s too late.
Just came across some of your videos as searching for more experience of people who already passed CPA exams. Surprisingly, I have also imagined that I would do teaching as well after getting enough of what I need to know about the field before sharing with it others. Thanks for sharing with us your story with a lot of useful tips and good luck with your new career path :)
Thank you Michelle for your kind words!! 💛
This was the first video I watched of yours. Loved it!
Thank you!
I plan to teach too after I get my Accounting BS/MBA, and research and apply it! Good luck to you! ❤️❤️
Thank you and that's awesome to hear! Let me know how that goes!
I love that you're leaving to be a teacher! We love this!
What i cant understand in this field is chargeable hours. this concept is ridiculous !. people in this field work more and charge less just because they need to show more billables !!!
Definitely tough! Hopefully utilization becomes less of a metric as time goes on..
Paise God!!!!! I am a senior Fund Accountant left public (PwC) and went to private. There is no difference and I feel very anxious like something in me telling me it’s time to leave.
I had a dream I was let go, and I felt like it was God telling me and im asking God what should I do. Because if I don’t move God will make you move !! Lolol. I spoke to my professor and he said you should consider teaching. I am also a Sunday school teacher. Seeing you went through the same and also a believer gives me so much faith!! ❤❤❤ thank you
hey, Could you pls help me get a job?
Good luck to your new path, Jen! Know that God will be with you!
Thanks so much! You as well!
Good luck to you for the future, we still appreciate the videos you produce and your knowledge. 🙂👍
The accounting job can be quite 'taxing', (no pun intended 😉). I'm still waiting to begin my journey with accounting as I'm still in education.
I would love to see you do a video on how to balance accounting work and life in the future. ✌️
Thanks RH!! More videos to come 😊
@@FinancialMatter Hey hope you're well! Hope to see some new videos soon. 👍✌️
What does it mean when it’s your 2nd week at work and you’ve been kind of nervous because you’re new to the job but you ask one of your trainers and she says your doing great and she asks “how long have you been here, since last week?” “I reply “yes since last week” and she says “yeah you’re doing really good”. But she has given more work to the one that has been there for 7 months and the guy who’s been there for 1 month, and not me…. Does that mean she doesn’t think I’m ready for that amount of work? I work for the city as an accounting clerk. ….. am I just overthinking it? I was working really fast and balancing with my money while the others were kind of messing up with their counting and then all of a sudden yesterday and today they started working faster than usual…… any thoughts? Like I’m not sure if I’m being useful or resourceful
Is accounting environment supposed to be like this?
@@deny49676 I had an accounting job recently, it was my first job in accounting and was in the same position, I'm really inexperienced. I was really left in the dark with most tasks I was given and felt I wasn't getting much support so I left the job.
In my opinion, if you're being told you're doing fine just accept what they are saying. Don't overthink it, (your bosses will tell you when something needs completing), if you've got work to do, do it. If no work to do, just chill until you get some more.
You'll be fine 👍
@@RH-YT what is the trainers talk to them two but as soon as I appear they all stop talking? Is that a good sign or bad sign?
Omg I’m about to study accounting. But almost everyone here hate working as an accountants. Makes me worried 😟
Good luck to your new journey!
Wisk you well!
Will definitely continue supporting your channel 😉
Thanks for the support!! 🥰
yesss so proud of you! good luck to your new journey!
thanks so much Caroline!
I love how you searched for God and put your faith in him. I ask all the time if I am on the right path as well
You can literally find this exact same video from every profession. I think the profession is not the issue but the job and the boss and toxic work environment
I have been an auditor for the big 4 and mid sized firms and now an accountant. I hate these jobs, I find myself staring at the wall contemplating my life, for average pay. I also have an MBA but I just don’t know where to go from here? The accounting pay is not great at the moment compared to other professions considering the amount of stress and hours you are put through
Not a cpa, but I've been in the accounting field for 22 yrs and restless and burned out. I was at a crossroads 7 yrs ago and left and returned back to accounting. I am back again asking myself do i want to stay in accounting? Finally at manager level and so tired.
Hi Rebecca! I’m amazed at your 22 years of experience in the accounting field! What industry/field did you go into when you left accounting?
That's the beautiful thing about Acct/Finance. You can use it anywhere. I love nonprofit and that's where I'm heading to God first. I feel like I have my career but I'm giving back to the community as well. God bless you.
I've tried over an over to find a job outside accounting but haven't yet found someone to give me a chance as they go by my cv which stated I've been in accounting for over 6 years. My only other option is train and qualify in something else, but I barely have the time to study/the energy these days. I'd love to just quit an hope for the best but having a mortgage and bills I can't.
😒
I’m still in accounting too~ I wasn’t able to make any switches yet either.
Accounting is a horrible proffession. The long unpaid hours, the university degree and cpa. The money is not that good when you think about the long unpaid hours and study required.
Strange industry because its a badge of honour to work long hours and hate your life
Only work houy
why are there unpaid hours?
@@mariamocyreemaningding5094 salary based.
@@mariamocyreemaningding5094 P means unpaid studying hours. Even the smartest of people end up repeating years sometimes if their heart’s really not in it and even if you graduate with a first there’s still more soul-crushing CPA to study for for a good few years afterwards. I won’t say it’s a bad profession by any means (and accountants are very-much needed) but you’ve got to be sure from the off that it’s what you really want to do, not just what you feel like you have to do because you missed out on medicine or biochem. and didn’t think it would be practical to go further down the social sciences route.
This exact thing happened to me. I was the team champion but as soon as I started to prioritize myself I was the worst employee. I was still in public accounting. Actually my last day was last Friday.
Thanks for sharing your journey!
Best of luck on this new chapter of your life! :)
Thanks girl! 💛
I dont understand why some companies let you work overtime to finish the bookkeeping.
I finish the bookkeeping from yesterday, in the morning of today and today’s bookkeeping, in the morning of tomorrow..
I work in a family business as the finance person. So its flexible for me.
Hi I've learned a lot from your videos! I have taken Principles of Financial Accounting and I am taking Principles of Managerial Accounting now but I don't really feel like what I am learning sounds anything like what accountants here on youtube do. Did you also take those classes and if so do you remember what they were like?
In the public accounting space, most people focus on either tax accounting or auditing. However, what you learn in financial accounting is applicable in our day-to-day. I personally, as a tax person, didn’t use too much managerial accounting except when I was studying for BEC of the CPA exam!
Definitely I found application of Principles of Managerial Accounting in private/industrial accounting field. But Jen is right. A good chunk of Accounting is focused in either tax or auditing. All of this depends where you want to apply yourself into the field.
Go and work for a medium size company doing accounting. Stay away from tax and audit
So you won't get back to Accounting right? What is the next profession are you heading to?
Never liked tax. Doing my taxes is one thing but doing it all year? Nope. Have you tried corporate? It's a different world and a CPA will take you far.
Just like real estate. Everyone will buy a home, either for themselves or their landlord. Congrats on making the jump!
11 years as an accountant. I am tired of it. The hours are the same even in industry at least for me. I am saving to buy a franchise in senior care or janitorial services. I'm done
Did you work 7 days a week?
I'm learning accounting right now as online student while I work and learn part time at my job, and I'm already feeling too much pressure to learn quickly online and in the company. Also, my boss does not have moral values so it makes the job difficult because he trusts me but I've been told he makes bad business decisions. How do you deal with that?
During busy season it was normal that people worked on the weekends (at least one day). However, that was just my team. Each team has their own culture and expectations. When does your part time job end?
@@FinancialMatter Thanks for the reply! I guess your'e right. At the company I work for, which is a small business, my part time job doesn't "end," but rather I'm in the learning phase, I've been trained on the job since October, and I guess it would just be up to me if I felt like it wasn't working out. Sometimes, it's good, sometimes it's stressful. I guess it's like that with any job.
I've completed my masters and was until few days back looking to pursue CPA but after looking lots of videos on accountants being CPAs leaving their jobs.
I'm questioning myself to whether pursue CPA or not.
so yeah I would like to ask you if CPA is worth to be pursued in 2024?
Good luck on your journey!!
Thanks Angeli!
Kudos to you choosing your own peace ❤
amazing video, thanks for your honesty.
Good luck!
Being in tax is up there with audit being the most awful fields of accounting.
Isn't teaching WAY less money though , in my country ,school teachers make almost half as much as mid-career accountants and I don't think it is much different in the US ( isn't underpaid teachers kinda of an issue in America too?) .
Hey! This was a personal decision after looking at what my passions/values were. I wouldn't go into the teaching field for the money but because that is what I would truly enjoy! There are ways you can build multiple streams of income (and it doesn't have to come from your one job)!
It’s good for you to search for something new. I probably will be searching for a job after this season.
Accounting to me feels so lonely, i feel like theres rarely interaction/talking needed between the team. Im going into inside sales, pay is around the same. I guess if you have your CPA , you hve an opportunity to make more than sales, but too monotonous.
HELP ME I QUIT MY JOB BEEN UNEMPLOYED 7 MONTHS. I FEEL INCOMPOTENT SO I TOOK MY CPA IM 2/4. BUT I GET SENIOR ROLES BUT DONT FEEL COMPETENT
What does it mean when it’s your 2nd week at work and you’ve been kind of nervous because you’re new to the job but you ask one of your trainers and she says your doing great and she asks “how long have you been here, since last week?” “I reply “yes since last week” and she says “yeah you’re doing really good”. But she has given more work to the one that has been there for 7 months and the guy who’s been there for 1 month, and not me…. Does that mean she doesn’t think I’m ready for that amount of work? I work for the city as an accounting clerk. ….. am I just overthinking it? I was working really fast and balancing with my money while the others were kind of messing up with their counting and then all of a sudden yesterday and today they started working faster than usual…… any thoughts? Like I’m not sure if I’m being useful or resourceful
Hi Jen, this is my last year of high school and I’ll be majoring as an accountant next year.
I just wanted to ask, is this is the right way to go if you’re someone who’s into business and want to start your own company?
I really love to teach but at the same time the pay is really low for an average teacher and it does not really align with what I’m striving to achieve, what do you think? Should I commence with accounting as it will help me monetarily and knowledgeably OR should I cancel it and major for something I love to do but have low income and basically no hope of starting a business?
Start with something you love is always better.
@@vovanminh999 but the pay is really low and in saudi arabia being a teacher means you have no talent and no future, social pressure and low income make me hesitant to be honest..
@@vovanminh999 What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Wow long video. Very informative. Thanks
May I ask which jobs can one change after worked in accounting please?
Good luck to you in the future :)
Thank you Brian!
No more videos?
Excellent advice
That’s real love stories like this not everything is as it seems
I’ve been in it for 4 months and I’m looking for other jobs atm
I'm a classroom teacher currently and thinking of switching my career to accounting...
go for it. why not? If you're mentally prepared and as long as you make sure you work out and physically fit.. everything will be alright
Accountants are just the plumbers of business. It is a tedious, nerve wracking job for people like me who has no raw talents, creativities, and entrepreneurship to begin with. 😂 I am also too poor to quit, too old to find a sugar daddy. Luck you!
Good advice
Wait come back
I’m back! New video posting Sundays @ 5!
Good testimony
Thank you!
Thanks
FROM MY EXPERIANCE ACCOUNTANTS ARE MEAN AND PASSIVE AGRESSIVE
Amen to Jesus
I want to shift from accounting into healthcare. Idk if its practical for me to go back to school now that I'm already turning 26
I’m 25 and left engineering for accounting. Now I’m worried I’ve made a mistake lol
26 is no age (trust me). Go back to school.
I think it’s a grass is greener scenario…I used to work in healthcare then went back to school in engineering then finally I’m now working in accounting. They all have their pros and cons, it’s just about choosing the work or field you like to do or enjoy the most. Healthcare is extremely people oriented, you will literally be tending to patients or talking to other disciplines for at least 90% of your day. If you enjoy being around people then go for it. I felt emotionally burnt out and exhausted at the end of the day. Personally, I’m a more task based oriented person so it wasn’t the right fit. As for software engineering, coding was fun as a hobby. But as a job, you need to like building things, finding bugs that could literally days to figure out. I also just didn’t have the patience or passion in terms of software architecture which are more senior roles. So I didn’t see my career going anywhere except being a coder for the rest of my life and being stagnant. We always believe that another career path will be better but they all have their downsides. It’s just figuring out which cons you will be able to tolerate more and overlook…also 26 is really young still to switch! I finished my accounting degree at 33! My take was that I was going to turn 33 anyways so might as well do it.
@@AS-bq7sc if you like accounting, do not be discouraged. As you progress in the field, there got to be a space you can enjoy working...
Amen
Just don't join an MLM after this lol
❤❤❤
To Jesus
🙏🏿🙏🏿🙏🏿🙏🏿🤗🤗🤗🤗
Dang, my Asian cutie ☺😚😙😘
best wish
Thank you!!