I had a bulletproof degree

Wow, how good choices can have bad outcomes these days. I went back to school for accounting. I figured it was one of those careers that would not be touched in good or bad times. I have been working until recently and have two years of experience. Accounting has such a need to maintain an image that we kept hiring regardless of workloads going down. We recently hired two staff, and I though to myself that it could not be a good idea because less and less work had been coming in. My industry was not hit at first because of outstanding engagements, but as those played out many clients decided that an audit was not at the top of the priority list. This was especially true for smaller companies that were not required to have an audit.
So what does my company do. They decided that in order to maintain an image they should let go of experienced accountants in order to allow new hires to have the job. I am so angry these days because I threw away a growing career in IT for what I thought would be job security. I have no clue where to go now. I have a skill set in a market that is becoming more and more flooded.
If I could do it again, I would have gone into health care. the only thing certain in our country is that the baby boomers are getting older. Well, wish me luck. The unemployed thing is new to me. I have generally done very well at anything I set my mind to.

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I had a bulletproof degree, 4.9 out of 5 based on 11 ratings

This post was submitted by Matt.


4 Responses to “I had a bulletproof degree”

  • Robert Says:

    Well I would cheer up, my company loves anyone with Big 4 experience, anytime the company that audits us releases someone my company is chopping at the bit to hire them.

    All of us with 10 plus years experience, MBA’s, CPA’s we all just sit around and wait for the next round of terminations, as they move towards a company whose sole purpose is to have a corporate accounting staff with audit experience regardless of the fact if they can do the day to day work to support our business units.

    They “Do What They Say”.

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  • matt Says:

    Sadly, I did not work for a big four firm. I actually wanted to see my wife so I worked for a regional firm. Big 4 may still be the place to get experience, but for us lowly individuals who did not buy into 70 hour work weeks it is getting worse. I understand the sentiment, but not all accountants have big 4 dreams and are completely in ti for the money. I have always had a knack for accounting and thought it would be a good career. Per my post above, not everything works out as planned.

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  • Dominic Says:

    Sigh. Me too. I graduated summa cum laude and passed the CPA exams. What a flop so far.

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  • Plymouth Says:

    The company is losing business, but continually hires less experienced (cheaper) staff? Then they lay off the older, more experienced (more expensive) staff? … and all for “appearances”?

    It won’t be long before they open an office in Bangalore to “keep up appearances”. It’s funny how much more aesthetically pleasing inexpensive labor is to people who don’t care about quality. But then, what do you expect from bean counters?

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