Thanks for mentioning best roles for introverts/extroverts. I hadn't realized one would be better for introverts so I appreciate this knowledge since I'm in the beginning of my schooling.

@TheFinancialController

3 жыл бұрын

Cool Lea. Go crush it!!!

@hectorotis1291

2 жыл бұрын

I guess Im asking randomly but does someone know a tool to get back into an instagram account..? I somehow forgot the login password. I would love any assistance you can give me.

I'm 7/8 years into this process. Also left after 2 years. Really excellent summary 👍

Your videos are so clear about daily worklife, education and work requirements, career strategizing, etc. Very helpful and entertaining.

Holy shit, this is actually useful for someone working in PA. Although most people say its best to leave at senior, since manager apparently starts to overprice themselves for industry positions.

@TheFinancialController

3 жыл бұрын

Agree with that. Thanks for stopping by

Bill you are having very passionate about Accounting profession. 👏💐

Thank you so much for taking the time to make and edit this video! Your channel is a comprehensive guide for us looking on how to develop our accounting careers. I appreciate your straightforward yet interesting videos.

Extremely helpful!!! Great job done buddy.. Looking forward to more of your videos!!!

highly underrated channel. I have just started in public accounting your videos are a really great resource and has helped me see the options of what to do after a few years. A video covering some of the most handiest excel functions and where you used them would be really helpfull.

@TheFinancialController

3 жыл бұрын

Happy to be helpful and sure will cover excel in the future

This was very helpful as I was just pondering how does one navigate the terrain so to speak to a controller or CFO role. Thank you. You are helping a lot of people.

@TheFinancialController

3 жыл бұрын

Thanks for the kind words!

I felt such as I was talking during this video, so well expressed as I currently working for a Big4 company and feeling the exact same way...The lack of financial motives along with the workload is the reason that Big4 companies keep pushing away the high performers and high IQs employees who once they were attracted by those firms. Impacting with this way the quality of the output of Big4s...

Thank you for this Sir! I'm currently in my 3rd year tenure in public accounting, and has been a senior audit associate for over 1.5 years. I'm at the point of looking into other options. This really helped. Looking forward to more videos like this!

@TheFinancialController

3 жыл бұрын

Sounds good, will be sure to put out more stuff on exit opportunities

@dnlktmnn

3 жыл бұрын

Keep us Updates!!

@quarantinekitchen6909

3 жыл бұрын

Help -! Been at my firm 4 years still staff. And firm hired 3 outside seniors. With no CPA 👨‍💼 wtf help -!? Do I stay or leave. The work environment is blehhhh. Not good or bad

We are thankful to you for your expertise!!

Thank you so much for all your advices!

@TheFinancialController

3 жыл бұрын

You are welcome Salonn

Great video! Really liked how you presented it all so well.

@TheFinancialController

4 жыл бұрын

Thank you!

Thanks for this video. This helps me a lot in planning my career trajectory😊

@TheFinancialController

3 жыл бұрын

Thanks Bret! Best of luck

Will you please consider making a video on the career path you would recommend for those students who want to gain practical education and work experience to ultimately prepare themselves for starting and growing their own firm? I would really appreciate this kind of video since most accounting videos focus on becoming the best employee wo discussing a strategy for developing an end goal of preparing oneself to become self employed. Thankyou!

Your videos helped to get me an accounting internship at a top 15 accounting firm. Thank you.

@TheFinancialController

2 жыл бұрын

Great to hear!!

Thanks you Bill hanna for sharing of your students

Thanks for the video. This was great.

thank you for such great insights into these financial roles and their pathways.

@TheFinancialController

Жыл бұрын

You are welcome!

Very helpful. Thank you for the content

@TheFinancialController

3 жыл бұрын

Glad it’s helpful :)

I went straight to fin director after 8 years in PA. In hindsight, I learned everything I needed to be in this position by the 6th busy season. Everything after the PA 6th year *IMO*, was radically increasing the probability of the partnership ... squeezing the pulp from the souls of non existing or brain dead staff, managing and finding outsource people in other departments, countries or alliance offices, or hoarding the entire portfolio of client relations to myself. My favorite internal inspection comment was "the partner appears to have no involvement on the engagement"😂 I thought I wanted to be a partner at the time. There was nothing like demoing my next position working in private engagements by doing Everything for them. All the systems and GL skills that you don't learn in PA came from that.

Valuable info sir!

unique insights and in my experience as a CPA pretty spot on!

@TheFinancialController

3 жыл бұрын

I tried :)

@DanielA-iz1eg

3 жыл бұрын

@@quarantinekitchen6909 search the #Danthemancpa on Linkedin and you will find my profile. I can give you better quality advice there rather than in a public forum.

Great information!

Thank you so much for your videos!

@TheFinancialController

2 жыл бұрын

Thanks brother!

Can you make a video about LinkedIn and linking with recruiters. I’m goin to transfer to a state school that does get recruited but I have no clue about how to set up my LinkedIn for them (I’m not worried about gpa being an obstacle) very good videos btw

@TheFinancialController

4 жыл бұрын

Ok random will factor this in my schedule. Let me know what else would be interesting for you to learn.

What a great video!

phenomenal video

I feel like when it comes to employers, not all public accounting experience is treated equally. I have 5 years of public accounting experience at boutique firms and I’m at the same level as people who spent half that time in big four then transitioned to industry

@TheFinancialController

3 жыл бұрын

Interesting observation and probably very true. I guess what you miss by staying in public is exposure to budget and ERP integration

@aaronrayk

Жыл бұрын

@Lilman Yellow even when you start out as associate?

@jd0879

Жыл бұрын

@@aaronraykhat’s false on his part. I’d say after 8-12 months you’re put into more leadership roles but it doesn’t really begin until the 18 month mark. Definitely not right away

thank you, this was pricless!

@TheFinancialController

3 жыл бұрын

🙏 thanks

Thank you Bill for this video as always super informative! How can I gain experience to get a job as FP&A in accounting?

Can you make a video on the transferable skills from senior auditor to senior financial analyst? It would help alot!

@TheFinancialController

3 жыл бұрын

Oh interesting idea ok

@marcolko10

2 жыл бұрын

@@TheFinancialController I second that. Since getting an analyst role is harder from an audit senior position, what are your thoughts on getting a sr accountant role and then try to get into a sr analyst role?

Tks for this!

@TheFinancialController

11 ай бұрын

My pleasure!

Thank you ❤❤❤

Hi Sir, can you make a video about pros and cons of working in shared service centre ? Thanks!

@TheFinancialController

3 жыл бұрын

Hi. I will look into it

It should be noted with 5-6 years in large or med public accounting experience it’s also possible to transfer to mgr or director of fp&a if you wanted.

@scoobyproper13

2 жыл бұрын

I'm Interested in FP&A. I'll be starting as Big 4 Auditor later this year. What is the best service line within Public Accounting to land FP&A Role?

@boomds5602

2 жыл бұрын

You can do it with audit but it’s harder than say an advisory position. Audit experience isn’t super applicable to FP&A positions. It depends also what kind of advisory you would be doing. FP&A roles are not that easy to get coming from Big 4 in my experience.

@boomds5602

2 жыл бұрын

Also, he answered this in his video

Congrats on 100k!

@TheFinancialController

2 жыл бұрын

Thank you!

Thank you so much for your sharing and insight. I guess you have to be an audit in Big 4 and then you could become controller. Then how about tax people? Do they have chances to become controller? Would you make a video talk about different career paths for audit and tax in both public accounting firm and industry?

@TheFinancialController

3 жыл бұрын

Hey Adam yeah will make a vid on that. Generally I have not seen a tax person make it to controller. But they do have other lucrative paths

@adamallen3099

3 жыл бұрын

@@TheFinancialController And may I ask what they are? I have a problem choose my career between audit and tax. I guess you were auditor in Big 4, right?

@Blamh

3 жыл бұрын

Thank you for asking this. I'm starting in tax this year at a big 4 & would really be interested in a video similar to this one for those in tax

Hey Bill. I love your channel, thanks for all the valuable advice. I have had some recruiters tell me that it's a waste of time to spend more than 4 years in PA, because your skills become very specialized and not applicable to an industry role. (Granted they were trying to persuade me to take a job offer). What are your thoughts?

@TheFinancialController

2 жыл бұрын

Your skills would get super specialized. But that's sometimes a good thing depending on exit strategy. For instance, those who spend 7-10 years can exit to become Head of Financial Reporting or SEC Reporting. So yes, highly specialized but in a good way. I took a different route as I left after 2 years, as I explain in the video.

Getting a CFA designation or to be technical pursuing the designation as in passing the level one exams could go a long way to helping one into finance .

@TheFinancialController

3 жыл бұрын

Agreed

Hi Bill, what’s your opinion about to form your self without to expense many time inside a firm and taking forming courses ?

Cool. I'll tailor an audit program.

Thanks Sir! May I also ask for the timing for exit in TAX in the BIG 4? I just currently got my CPA license and reviewing for my US CMA.

A lot of good points here imo. But if you know that you want to end up in finance, it doesn't make sense to take them time to become CPA eligible (which usually means a 5th year out of undergrad). To be sure, I would take a lot of accounting courses in undergrad (e.g. Intermediate, Financial Statement Analysis) as that will always be helpful. But it makes no sense to spend the time (and money!) to become CPA eligible just so you can get Audit experience on your resume, especially if you are going to leave in 2 years.

@TheFinancialController

3 жыл бұрын

Not gonna disagree. But I’ll say there is more than one way to skin a cat :) it’s just which poison do you pick...

Very useful video

@TheFinancialController

3 жыл бұрын

Great 👍🏿

Having been GM of multi-million $ restaurants for many years, I feel that those skills of reading financial statements, time management, etc are already in my wheelhouse. I have recently finished my bachelor's in accounting because I want to change careers. I am leaning away from taxation and audits. Working with teams is my strength, as well as budgets and forecasting. Would you agree that a CMA is probably a better fit for me?

Public acccounting is great for experience and knowledge but, tax season is an absolute killer for me. Im on my 7th tax season and every year gets harder and harder to manage my work life balance. Tax season sucks and I am miserable doing this crap. I would love to have an internal accounting role and actually see my kids for more than 5 hours per week.

Good information

@TheFinancialController

3 жыл бұрын

Thanks!

Could you make a video to exit from Big 4 audit to more Corporate Finance/ FP&A roles? How easy it is to transfer into Corporate Finance or transactions teams at B4

@TheFinancialController

2 жыл бұрын

Ok

Thank you for the valuable advices. If i am not seeking to be a CFO, what would be the next step after being a Financial Controller?

@TheFinancialController

2 жыл бұрын

VP of accounting and maybe chief accounting officer

Any insights similar to this video for folks in advisory roles?

Any suggestions for tax senior associates? Most senior accounting positions want audit associates instead of tax.

Thank you so much, I am really confused about my position as a tax consultant but aim to be a Finance Director in the future, thus, i dont know my right career path or what is true way to me ?

Sir, plz tells about cma

ah wow, i'm glad i found this channel. Very informative!

@TheFinancialController

3 жыл бұрын

Thanks 🙏

Hey thanks for the video. Very good content. Do you by chance know of an exit plan for Tax route in public accounting? Thanks

@TheFinancialController

3 жыл бұрын

Hi, I am working on this idea for a future vid in collaboration with my wife who works in Tax

@annaye9395

2 жыл бұрын

Hi im senior 1 in tax now and also wonder what are my exit opportunities, did you happen to move successfully to another job?

Intersting channel!

@TheFinancialController

4 жыл бұрын

🙏 thanks!

After several years in the industry is it worth going to work for big public accounting firm?. Also, what’s the general workload as a sr accounting associate in the firm working as a consultant?…

How many years did you work as a senior accountant and accountant manager?

What is your take on switching to valuations after 2 yrs in audit and then going the corporate finance route?

@TheFinancialController

2 жыл бұрын

I like it Robert. That's a good route for VP FP&A and CFO beyond that.

I am pursuing (cma finals) in india, for me it is good to so( US cma)or cpa what is better to my professional line

What would a guy in public accounting in Tax do ?

So what do you do if you've gone way past 6 years? What's the exit strategy?

@TheFinancialController

3 жыл бұрын

Exit to a Sr manager of accounting or FPA at a large company. Or a controller at a startup/small company

How long did it take you from when you started your public accounting at PWC to being offered a controller position?

@TheFinancialController

3 жыл бұрын

7-8 years

Wow,interesting channel.

@TheFinancialController

3 жыл бұрын

Thanks!

Hi, Really useful video thanks. But i was wondering, if my goal is to become a CFO, but Im currently an auditor, do you think its more suitable to go for ACCA/CPA or CFA? Thanks

@TheFinancialController

3 жыл бұрын

If you are an auditor I highly recommend you capitalize on that experience by getting your CPA. Later on think about either: a) MBA or CFA or better yet b) taking a slight pay cut to get the right CFO experience, which is working in FP&A

is it viable for a manager / senior manager in M&A tax to switch over to a financial controller / CFO role? would extra study such as short courses in financial modelling , masters in finance or MBA help to show finance skills for such transition?

@TheFinancialController

2 жыл бұрын

It’s a hard transition, but maybe to a CFO role at a small company at first (less than $30M revenue) to get foot in the door. An MBA also can be good

Did you personally get your CPA when working in public accounting? And do you need a cpa to become a financial controller?

@TheFinancialController

2 жыл бұрын

CPA was obtained a few years after public accounting. CPA makes it a lot easier to become a controller

Do you think it would be more beneficial to go to the audit side of public accounting as opposed to tax? Or does it not matter which side you choose?

@TheFinancialController

2 жыл бұрын

Both can be very rewarding career satisfaction and money wise. I tend to like audit route for its many exit options

@kylepetruzziello3321

2 жыл бұрын

@@TheFinancialController yeah I am more concerned with the exit opportunities. I have more experience in tax and therefore get more interviews/offers in tax haven’t gotten any in audit. Am I limiting my potential exit opportunities by taking a tax offer?

@boomds5602

2 жыл бұрын

Yes Kyle you are. You won’t be able to work in anything other than tax upon exit.

Hi, new subscriber, I am actually in my husbands account. You came from heaven I have been struggling with my career long term goals. Is working for the government considered public accounting? I am wondering if I should go and work for the city or if I should go in the same path as you, which sounds great since I am an introvert. Thank you so much for clarifying everything, I am starting to feel better about my current career path.

@TheFinancialController

2 жыл бұрын

Hi. No public accounting is different than government. You can look up the definition online. My path has worked out really well for me :)

Became a CFO for a listed company without CPA, accounting degree or public accounting practice. Over a decade of industry experience is all I got. Is MBA a good degree or CPA/CFA?

@TheFinancialController

2 жыл бұрын

Experience counts far more than degrees :)

Hello Sir, really nice explanation, I want to ask you that after spending more than 5 years in public accounting, and clear CFA exams along with work do we have chance to be a CFO. In short:- Do we have chance to become a CFO if we clear CFA exam but our experience is in accounting. Eagerly waiting for your response, Thank You 😊.

@TheFinancialController

2 жыл бұрын

Yes, but you gotta work hard and learn tons

@Yankee_1000

2 жыл бұрын

@@TheFinancialController yes sir, I am ready for it 👍

@boomds5602

2 жыл бұрын

Lol what? Most CFOs have a CPA in my experience

Hey Bill, I am a little confused on my next move I should take. My overall goal is to be a CFO of a mid-large size company. I started off as a financial analyst in commercial banking sector for 2 1/2 years and transitioned into a Big 4 firm as an auditor currently studying to get my CPA license. What would you recommend my next step to be afterwards?

@TheFinancialController

9 ай бұрын

you will need to shift gears toward financial planning and analysis, rather than audit/accounting

have you ever heard or thought about senior auditor became a equity research/investment banker at securities or asset management? How about the chances? Gettin higher bcs we're ex auditor who hv deeper accounting knowledges?

@TheFinancialController

3 жыл бұрын

Yes but maybe a 5% chance and only for those who are very quick thinkers

@adrianoctopratama3106

3 жыл бұрын

@@TheFinancialController ah i see bcs we don't have experience in managing of fund right? but only in examining of FS based on GAAP....

@adrianoctopratama3106

3 жыл бұрын

@@TheFinancialController perhaps we have to hold CFA level 1 first hmmm

Hey Mate, currently in an undergraduate role doing audit at a public practice whilst in uni. End goal working in private finance. Would love some tips or advice on making this possible Thanks legend

@TheFinancialController

3 жыл бұрын

Hey There. I have some videos on similar topics so feel free to explore the channel. I will do more on corporate finance roles. Actually tomorrow’s video is on the financial analyst roles

@sw4197

3 жыл бұрын

@@TheFinancialController Thanks, I really appreciate it. Do any of the videos provide strategies on entering those markets, rather than just descriptions? Cheers

@TheFinancialController

3 жыл бұрын

Perhaps you can tell me your major and they role you aspire to and what kind of company you want to ideally work for. And I will see if it makes a good video topic

@sw4197

3 жыл бұрын

@@TheFinancialController I’m currently studying a bachelor of commerce (Major Finance and Accounting). It’s very common to get a commercial accounting undergraduate role which is what I’ve done - much harder to get initially into private finance. May have the opportunity to do some paraplanning but I have been told audit can be super useful. Very early on in my career so anything finance would be interesting, perhaps fp&a, M&A, Financial controller etc. Thanks for the help

Bill, is it possible to become a controller coming from a Big 4 Tax role? What would be the best time to exit so I'm not "stuck" in tax?

@TheFinancialController

3 ай бұрын

it's rare. I would recommend rotating to an audit role for 1-2 years then exit to Accounting Manager or Sr Manager role as stepping stone to Controller

Hello sir, Work experience before clearing the 4 cpa exams are considered for cpa license or we have to work only after clearing the exams

@TheFinancialController

2 жыл бұрын

work experience even before the exam is valid, as long as you work under the supervision of a CPA

Could someone start in Tax planning and then move to private for a financial controller position?

@TheFinancialController

2 жыл бұрын

Unlikely but not impossible

This is for auditing? What about for tax?

Hi there, I have working in big four accounting firm in Belgium for almost 3 years. I’m shifting to London and I wanted to know if it’s still possible to start as a controller in private sector.

@TheFinancialController

3 жыл бұрын

Yes but I would say start out as an accounting manager before controller to strengthen your skills before taking a big role like a controller

@almasarabi475

3 жыл бұрын

@@TheFinancialController Thanks for the reply! Is the shift from Big four firm to accounting manager in private company in London easy?

@TheFinancialController

3 жыл бұрын

In the US yes. I would think in the UK as well.

When referring to public accounting, are you talking about both tax and audit? Or is this career path only applicable to auditors?

@TheFinancialController

Жыл бұрын

Audit. Thanks for asking for clarification

@Apologetic-medic

Жыл бұрын

@@TheFinancialController Thanks Bill! I’m currently a tax intern. It would be interesting to see a video on exit opportunities for public accountant in tax.

@TheFinancialController

Жыл бұрын

Sure will have something on this at some point

Could you move from a sr accountant role to a sr financial analyst position?

@TheFinancialController

3 жыл бұрын

Yes but like always say. You got to take some intermediary steps to make this transition. Meaning begin to do analyst tasks at current role to get good at it

What if I work in Tax (not Audit) for Public Accounting, what jobs are available to me in Private? I also already have my CPA and willing to also get a CMA.

@TheFinancialController

2 жыл бұрын

Tax manager/director

@kenicke579

2 жыл бұрын

In the same boat as you and I think that we are stuck in tax

@Immortalkalashnikov

2 жыл бұрын

@@kenicke579 I ask myself everyday why I chose this dreaded path. I am ready to get tf out of tax. And I work for a Fortune 500 in tax. Went from public to private, it's just as bad.

Hey Bill I have a question. I am 28 and I am about to finish my bachelors degree. I already have the full 150 credit hours for the cpa exam. Should I consider getting my masters or should I not do it? I already have my foot in the door with PwC I did an internship this summer and will be returning with them next summer.

@TheFinancialController

10 ай бұрын

If you have enough for the cpa exam, the only reason for me to get a masters is if you want down the line would like to teach college courses

@andrewcastaneda2023

10 ай бұрын

@@TheFinancialControllerI appreciate your response, thanks a lot! You’ve videos have really helped me plan my future. You rock!

What about for someone who wants to specialize in Forensic Accounting?

@TheFinancialController

2 жыл бұрын

You probably should spend a couple of years in audit then ask to transfer to forensic accounting practice at the same firm (if they have it) or move to another firm that offers it

@leonpierre7376

2 жыл бұрын

@@TheFinancialController Thank You.

@leonpierre7376

2 жыл бұрын

@@TheFinancialController I plan on getting my CPA as well. Also, while I am working in the forensic accounting department, should I get the credentials CFE,CFF, and ABV?

Can i move to banking sector after 8 plus years of experience by taking ciia?.i'm interested to work as investment banker for swiss bank is it possible

@TheFinancialController

3 жыл бұрын

Sorry Atif not familiar with banking.

@atifraziuddin7116

3 жыл бұрын

Ok,thnx

How about CPA firm owner

@TheFinancialController

3 жыл бұрын

For that, 5-7 years in public is best, but 3-5 can do if you are motivated

@thabrokenrecord3340

3 жыл бұрын

@@TheFinancialController Thank you for your prompt response, I appreciate it

Do you have to have a CPA license in order to become a senior accountant?

@TheFinancialController

3 жыл бұрын

No. That’s more for accounting manager

@diliniperera2546

3 жыл бұрын

@@TheFinancialController Thanks

but what happen if i am in tax?

@TheFinancialController

3 жыл бұрын

My experience is in audit

Is MBA necessary to become CFO, for a CPA?

@TheFinancialController

3 жыл бұрын

In 90% of cases yes

@majidareef3555

3 жыл бұрын

@@TheFinancialController thanks sir. So most of the public accountant are struck in controller position.

@TheFinancialController

3 жыл бұрын

Controller, VP of accounting and Chief Accounting Officer

Is this regional or big 4 public accounting in general

@TheFinancialController

3 жыл бұрын

Both

I feel like to become a CFO at a medium to large firm is to get an MBA.

@TheFinancialController

3 жыл бұрын

An MBA will certainly help

@hezron1997

3 жыл бұрын

Nah, u better have a CPA with Financial controller or CFO experience from a small firm.

Hi, informative video! Would like some guidance on my career, i am an introvert and just graduated about 1yr ago, currently working as a junior fp&a and thinking of pursing ny career towards financial reporting / financial controller. Would an experience in public accounting (big 4) be necessary for me to reach my career goal as an sr mgmt fin reporting/ controller?

@TheFinancialController

3 жыл бұрын

Not necessary but will sure make it much more attainable and at higher salary

@Katsumotoyeah

3 жыл бұрын

@@TheFinancialController how are the hours in big4 though i heard its quite bad

Is the business analyst and financial analyst the same? what route should I take. Currently an audit associate in KPMG

@TheFinancialController

2 жыл бұрын

Not the same. And being in audit is agile enough to hit either. Fin analyst more realistic

I just want to take the Donald Draper path instead.

@TheFinancialController

3 жыл бұрын

Yeah I would too if I can

Think you will ever pursue the CFO role?

@TheFinancialController

10 ай бұрын

no, I like controller work actually

@lawrencebrown8821

10 ай бұрын

@@TheFinancialController is there a way to schedule a call with you and ask for advice for someone just getting into the accounting world?

What about ambiverts? :D

@TheFinancialController

3 жыл бұрын

Good question. You tell me :)

@elmarlion

3 жыл бұрын

@@TheFinancialController Even for ambiverts I would prefer accounting. Less stress - Longer life. Tomorrow I have an interview for Financial Reporting Intern position. I hope I get through. 🙂

@TheFinancialController

3 жыл бұрын

True! And good luck!

We are not all auditors.

@TheFinancialController

3 жыл бұрын

True. I feel like a robot 🤖

dont enter public accounting or accounting in general , really u need to do something better with your life than this dead end job.