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/stroker919 Aug 13 '21

Big 4 stinks. You’re punished for doing things faster than the engagement. You also have to sit around at horrible offices is boring places when it’s not pandemic. When you leave it’s like a survivor’s group out in the world.

Small companies don’t understand what they are paying for so they pay poorly and are set up poorly.

Medium companies are a huge mess and pay begrudgingly.

You need 10-15 years and luck to be at six figures in a medium size market.

Have observed 15 years of accounting career.

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u/Poo_Panther Aug 13 '21

I do finance recruiting and just placed an almost 3 yr big 4 auditor into a GL focused Manager role for 115k base, 15% bonus and 20k options. Requires 1 in office day per week permanently.

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u/useribarelynoher Aug 13 '21

Wow. What were the most important qualifying factors?

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u/Poo_Panther Aug 13 '21

The company was a pre-IPO biotech. The qualifications were they need to have audited biotech companies, ideally seeing both public and private company audits.

Then the interview was judging their ability to run the close with as little oversight as possible with hopes they’ll be able to help with S1 as they approach IPO in the future and SEC reporting & technical accounting issues down the road. The hiring manager knows how to do all these things so he was willing to train in any or all of these areas, but the person they wound up hiring he felt wouldn’t need much training based on the number and type of biotech engagements they’d seen.

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u/useribarelynoher Aug 13 '21

Thank you for the insightful response!