r/financialindependence • u/fidgit86 • Aug 13 '21

What do you do that you earn six figures?

It seems like a lot of people make a lot of money and it seems like I’m missing out on something. So those of you that do, whats your occupation that pays so well?

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u/danxthexman 32M / 68% SR Aug 13 '21

Accounting

1

u/larkdaddygaming Aug 13 '21

Big 4. 6 years if you include bonus

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u/Poo_Panther Aug 13 '21

finance recruiter - you can get it in 4 if you move to industry with a big 4 foundation

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u/larkdaddygaming Aug 13 '21

Sure. But if I stay, I can get $400k in 12 and I’m not getting that in industry. Long game over short.

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u/Poo_Panther Aug 13 '21

Yes definitely if you make Partner. It does become political, what partner/s you work under, how your annual reviews are and then ultimately when it comes time for the class of new Partners, how many are they bringing on that year and how many people are in the running etc. I've seen plenty of people hold out, not get Partner and get stuck in the Managing Director role - then they want out and it's difficult because to make similar comp in industry you're competing against people who have been in industry for years.

So yes I agree you can and best of luck to you but it doesn't work out for everyone. A lot of the people I've worked with who did wind up staying and made partner had done a rotation in the national practice.

Not sure your client base but I've also place VPs & CFOs who started in Big 4, moved to industry before Manager and are now in the 12 years range who make well north of 400K annually. Tends to be more on the alternative investment side though to be fair such as PE or VC shops.

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u/larkdaddygaming 29d ago

Yeah that is an extremely rare situation though, even rarer than making partner. But I agree with everything you say. It comes down to making a bet on yourself and then you just have to accept what pans out.

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u/Poo_Panther 29d ago

Agreed. I think it also depends on what market you're in and how big and competitive it is as well. I'm in a big city in the northeast and there is a lot of competition so i've only seen it through that lense.

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u/larkdaddygaming 29d ago

Yes. In medium COL so very different