I’m officially done with public Accounting.
After a decade in this field, I’m completely fed up. Working in tax has taken its toll, and as I approach my 40s, the busy seasons seem to be getting increasingly overwhelming. It feels like half the year is consumed by work, leaving little time to enjoy life and spend with family.
My big question is: what other career opportunities are out there that won’t result in a significant pay cut?
For those of you who transitioned out of public Accounting, how did you navigate the shift to non-PA roles? Was it a challenging process or relatively straightforward? I’ve been considering applying for controller positions, but I know there are other possibilities out there as well.
One response
It sounds like you’ve really been through the wringer with public Accounting, and it’s completely understandable to want a change, especially as priorities shift with family and personal life. Many people in similar situations have successfully transitioned to different roles that offer a better work-life balance while still preserving a competitive salary.
Here are some potential paths to consider:
Corporate finance or Industry Roles: Positions in corporate finance, internal Audit, or compliance can leverage your Accounting background without the demanding hours of public Accounting. Companies often value the analytical skills and financial knowledge you bring.
Controller or finance Manager: As you mentioned, a controller position is a solid option. These roles can range from overseeing a finance department to being involved in strategic decision-making, often providing a better work-life balance compared to public accounting.
Financial Planning and Analysis (FP&A): FP&A roles focus on budgeting, forecasting, and financial analysis. These positions often allow for a more stable work schedule while providing critical insights that drive business strategy.
Tax Consulting: If you enjoy tax but want to escape the busy seasonal hours, consider joining a tax consulting firm or a corporate tax department. These roles might offer more flexibility and a better schedule.
Project Management: If you enjoy guiding teams and projects, project management roles in finance or other areas related to accounting can be a great fit. Certifications in project management can enhance your qualifications.
Education or Training: If you enjoy mentoring others, consider teaching accounting or finance at a community college or university, or get involved in training and development roles within companies.
Non-Profit Sector: If you’re looking for a change in pace and purpose, many non-profits seek accounting professionals for financial oversight, and these roles often come with less stress and more flexibility.
When considering your options, it might be useful to:
Network: Reach out to former colleagues or friends in other industries. Attend industry meetups or online webinars to learn about various roles and get introductions.
Update Your Resume: Highlight your skills and experiences that are transferrable to the new roles you’re considering. Tailor your application materials to show how your expertise can benefit potential employers outside of public accounting.
Leverage LinkedIn: Use platforms like LinkedIn to explore job postings and connect with hiring managers. Engage with content related to roles you’re interested in to raise your profile.
Consider Additional Training: If there’s a specific field that intrigues you, consider taking relevant courses or certifications to bolster your qualifications.
Transitioning into a new career can come with challenges, but many have found it rewarding. Be patient with yourself, keep an open mind, and take the steps that feel right for you. Good luck!