CPA with experience and unemployed

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Globalists have ruined America in Saint Clair Shores, Michigan

6 months ago

The News article is to sustain college enrollments and nothing more. Colleges are for profit and the government provides the student loans with little documentation. It is similar to the mortgage crisis. Artificial demand created by government (easy financing) creates an increase in students, and a massive increase in tuitions (profit for colleges), and abundance of accounting graduates. Meanwhile, corporations are sending more and more accounting positions to India and Asia. You play by the rules and get screwed.

I am a CPA who was laid off from a large MNC along with all of the accountants, except 1-most of the positions were off-shored. This is the second time for me. I have had many interviews and no luck. I am in my 40's with 8 years of corporate accounting experience, advanced at excel, and tier one software. The IDEAL candidate is 24-30 with 2-5 years of experience. The market for me is much, much smaller.

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Jobless Banker in Fort Worth, Texas

1 month ago

joe in Brooklyn, New York said: is this true? How so? What companies are doing this?

I stumbled onto this and am quite surprised to hear accounting majors with CPAs and experience that can not find work. I have a BA in History, an MBA in management, 4+ years experience in Insurance Underwriting and 5+ years experience in Fund Accounting. Despite this, I have been unemployed for about 4 years. My last job was at a large bank that moved a third of my department to Mumbai, India. The positions were strictly back office roles that had no direct contact to the clients so no one noticed. I was offered the opportunity to move to Mumbai but I declined due to personal family reasons. The other two-thirds was relocated to less expensive parts of the U.S. but it was done after I resigned. I only found out after several months when a former subordinate contacted me for reference. They explained the ordeal and I was not surprised by the decisions made but at the same time angered that the decision was made after I resigned. I was averaging 70-80 hours a week up to 2009, advised superiors that this was not sustainable, so they changed some work so that I would average about 65 hours a week. They also wanted to cut expenses... My advice at the time was move the department to a cheaper part of the U.S. to cut back on things that don't directly influence the ability to get work done (ie. cheaper rent, lower tax expense, move work to an area of the U.S. that has a lower cost of living so employees will have more take home pay). Nothing changed so I resigned... By the end of 2010 I was mentally and physically exhausted on trying to get employees to work more for less when all I wanted was more staff. Nice to know they did it after I left.

To answer your question though, I know a large bank that moved an entire departments wire transfer team (well, not the team but the work) to India and Guam. Don't worry though, that stuff still has to clear the Fed. ;-)

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Tray from Fargo, ND

9 days ago

Hi guys,
I just wanted to say that I have been reading posts like these for awhile and I must say that if you are struggling finding an accounting job, you might want to consider relocating. I am currently active duty Navy stationed in Fargo. I am a physically fit African American male 23 years old and I attend Post University Online graduating with my BA in Accounting in August 2015. Most of the people in this area attend big name universities like North Dakota State (NDSU) and Minnesota State (MSU). So I was pretty nervous how I would rank up against others applying for accounting positions out here with my online degree. However, the Navy messed up on my contract and now I have to get out (honorably) in 90 days after expecting to be in the service for another 2 years.
I have a two year old son to take care of too and $18 grand in debt. So like I said, I was nervous as heck when they told me I had to get out but I have to survive and have no choice but to get on my grind for me and my son. Well last week I was browsing accounting positions on Indeed.com in this area that I believed I qualified for (I do this every day). My job in the military is working with payroll, service records, auditing, and data entry. It’s the closest occupational match the Navy has for accounting students, but our systems are entirely different than the civilian sector that uses QuickBooks, Peachtree, SOX, etc. Well I found one job I believed I qualified for and posted a quick resume and listed that I already had my BA when I really graduated in August.

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Tray from Fargo, ND (cont'd)

9 days ago

But the website did not allow me to list I was a current student anticipating graduation in a few months so any employer seeing it believed I already had my degree but I only have my Associate’s in Accounting right now.
Well I got an email requesting an interview and I went. Now I will stop right here and come back in a moment. The reason I mentioned my age and my fitness level earlier in my post is because I read online from Forbes.com that employers are seeking younger adults to fill their vacancies as well as people who are physically fit. I guess it just makes their business look better from a customer’s perspective to have someone who is in shape doing business with them. Now let’s go back to my job interview. So I get there and right off the back I felt a bit of tension because I was not what they expected (meaning skin color) and they interviewed me (the guy who emailed me and the CPA I will be working for; a female).
The guy questioned me about the school I attended and how soon I would graduate since I had ‘lied’ about my BA. I told him the truth that it was in a few months but that option was not available on the website so I listed that I had my degree. I did feel that my degree carried a bit of stigma with it being strictly online courses from a brick and mortar institution. But I didn’t care. I got a son to take care of, the Navy screwed me over, and I not only know my accounting material but mastered it. I was actually waiting for them to ask me some accounting questions so I could show them, but instead, their only concern was about my GPA which is currently a 3.5. I then proceeded to tell him about my experience in the military, my job, and then the CPA spoke about what I would be doing and that was it.

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Tray from Fargo, ND (Part 3)

9 days ago

I came in with a nice three piece $100 suit from Halberstadt’s and everyone just kept complimenting me but the CPA also noted in a jokingly way that the environment was not that formal so business casual attire is acceptable. I also say ‘yes sir’ and ‘no ma’am’ whenever I speak to people older than me out of respect.
To conclude, after my 20 minute interview, they informed me I start part time until I get out the military in 90 days and then my job will be full time. I will be working with A/P, Payroll, and Reconciliations.

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Jobless Banker in Grand Prairie, Texas

9 days ago

Tray from Fargo, ND (Part 3) said: I came in with a nice three piece $100 suit from Halberstadt’s and everyone just kept complimenting me but the CPA also noted in a jokingly way that the environment was not that formal so business casual attire is acceptable. I also say ‘yes sir’ and ‘no ma’am’ whenever I speak to people older than me out of respect.
To conclude, after my 20 minute interview, they informed me I start part time until I get out the military in 90 days and then my job will be full time. I will be working with A/P, Payroll, and Reconciliations.

Long post... but congratulations. Thanks for serving. My mother and father retired from the military after 30 years. My dad always insisted I should join but I never felt the need and always had decent jobs to pay my way to get a BA and an MBA. Now I am 42 and even if I wanted to join I am now too old. It's rather sad that you are being forced out of service. I can recall as a kid my parents commenting that so long as you were willing and able to commit yourself to the military, you could find a good retirement and could find a good civilian job provided your MOS was in something practical and useful. Seems like it's much harder now-a-days. Best of luck and skill your future.

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Redd in Hattiesburg, Mississippi

8 days ago

I'm moving to Atlanta, GA, next month because there are absolutely no accounting jobs in my area here in poor old MISSISSIPPI! I'm a 22yr old black female with a Bachelor's in Accounting and about 2yrs of experience under my belt. All of the accounting firms in my area are 99% white so I was immediately counted out when it came to on campus interviews. The job market looks great in Atlanta as far as accounting goes. I'm hoping I can land a staff accounting job before February. PRAY FOR ME!

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Tray in Fargo, North Dakota

8 days ago

Redd in Hattiesburg, Mississippi said: I'm moving to Atlanta, GA, next month because there are absolutely no accounting jobs in my area here in poor old MISSISSIPPI! I'm a 22yr old black female with a Bachelor's in Accounting and about 2yrs of experience under my belt. All of the accounting firms in my area are 99% white so I was immediately counted out when it came to on campus interviews. The job market looks great in Atlanta as far as accounting goes. I'm hoping I can land a staff accounting job before February. PRAY FOR ME!

Well good luck to you. It is all about selling yourself and being honest during the interview. Also, if they ask you "So, tell me about yourself", mention that you are currently pursuing your MAcc (since you already have your BA) and that you also are looking into getting your CPA but have to fulfill the credit hours from your MAcc first. It just shows that you are seeking more than just a degree and really want this as a career. Just my personal input. Again, good luck to you.

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Tray in Fargo, North Dakota

8 days ago

Jobless Banker in Grand Prairie, Texas said: Long post... but congratulations. Thanks for serving. My mother and father retired from the military after 30 years. My dad always insisted I should join but I never felt the need and always had decent jobs to pay my way to get a BA and an MBA. Now I am 42 and even if I wanted to join I am now too old. It's rather sad that you are being forced out of service. I can recall as a kid my parents commenting that so long as you were willing and able to commit yourself to the military, you could find a good retirement and could find a good civilian job provided your MOS was in something practical and useful. Seems like it's much harder now-a-days. Best of luck and skill your future.

Yes it is a shame but the military is downsizing and looking for any way to put someone out. They could have fought to keep me in or made a few phone calls; however, it was less "leg work" as one career counselor stated if they put me out. In the end it worked out for me as I have a job lined up in the field I am studying, I no longer have to be treated like a slave doing anything and everything someone who outranks me tells me to do, and I am leaving better than I came in (minus the student loan debt).

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