Has anyone else experienced a challenging start to their career but managed to turn things around?
I quickly realized while working remotely in my first two jobs that it wasn’t the right fit for me, leading to some significant mental health struggles. I also faced layoffs at my previous company. Now, I find myself in my fourth job in four years, holding a senior position (I was also a senior at my last firm) but earning below market rate at $78k in a high-cost-of-living area. I’m a CPA with a 3.9 GPA from college, and I continuously invest in my professional development through self-study and training in tools like SQL.
After COVID, I received excellent performance reviews at my second job once I shifted to more in-person teams, which suits my learning style better. Unfortunately, my third company was chaotic; all six of us on the Accounting team were laid off during a series of cuts in a new city. Currently, I’m at a laid-back company that has treated me well for the last eight months, but I feel my salary doesn’t reflect my credentials and years of experience.
I’m open to options like returning to school, obtaining certifications, or even shifting career paths (e.g., considering FP&A) to reach an income of $150k or more by 2030.
Any advice you might have would be greatly appreciated!
One response
It sounds like you’ve faced some significant challenges, but it’s great to see your willingness to adapt and invest in your growth! Your education and commitment to continual learning certainly set you apart. Here are a few suggestions to help you rebound and reach your income goals:
Network Actively: Connect with professionals in your desired field through LinkedIn, industry events, or local meetups. Networking can often lead to job opportunities that aren’t publicly posted.
Explore Specializations: Consider diving deeper into areas that could enhance your value, like FP&A, data analytics, or financial modeling. Since you already have a CPA and Bookkeeping skills, building expertise in these areas can definitely lead to higher-paying roles.
Leverage Your Current Position: While you’re at your current company, take on additional responsibilities that align with your interests in FP&A or other areas. Express your career goals to your manager or HR; they may offer opportunities for advancement or projects that can boost your resume.
Certifications: Look into relevant certifications like CFA (Chartered Financial Analyst), CMA (Certified Management Accountant), or other finance-related credentials that could open doors to higher-paying positions.
Consider Side Projects: Freelancing or consulting work based on your Accounting skills can provide extra income while also giving you real-world experience in various industries.
Research the Market: Stay informed about salary trends in your field. Websites like Glassdoor or Payscale can give you insights into what others with your experience and credentials are earning in your area.
Job Market Exploration: If you feel your current salary is below market value, consider seeking new opportunities. With your strong academic background and professional experience, you might be in a good position to negotiate a higher salary elsewhere.
Mindset and Mental Health: Remember to prioritize your mental well-being throughout this process. Seeking support, whether through therapy or peer networks, can help you manage stress and maintain focus on your goals.
Your journey is unique, and while it may feel rough now, many people have successfully turned their careers around by being proactive, adaptable, and persistent. Keep pushing forward, and you may find yourself exceeding your goals by 2030! Good luck!