BMW X5
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Post Reply
 
Thread Tools Search this Thread
      12-26-2019, 02:41 PM   #419
MKSixer
Major General
MKSixer's Avatar
19902
Rep
8,868
Posts

Drives: 2015 BMW i8, E63 M6, 328d
Join Date: Jun 2015
Location: Southeast United States

iTrader: (0)

Garage List
2016 M4 GTS (Allotted)  [0.00]
2013 BMW 328d  [0.00]
2007 BMW M6  [5.00]
2015 BMW i8  [5.00]
Quote:
Originally Posted by NemesisX View Post
No it's not. You're talking about unicorns. Stop acting like rare incomes in your profession are "somewhat common."

My dad's a professor. He makes a little over $1 million a year ($400k base plus $1000 an hour consulting). It is by no means common to make that as a professor. It's incredibly rare. Most professors barely hit six figures and senior professors may make it up to $150,000/year.

He would never recommend that my brother and I become professors just because he makes a million a year. In fact he actively warned us against doing so.

It's the same story with CPAs. To suggest someone go to grad school and then cite some CFO/CPA that makes $2 million a year as an example is deceptive.
It really isn't that atypical. I know half a dozen CPAs who make at least 300K per year each. And both of my parents were full professors and made 150K per year, plus, each 30 years ago.
__________________
Several actors have played James Bond, Sean Connery IS James Bond...

Lewi6, First of His Name, Destroyer of Careers, Master of Pole Positions, 6X WDC, Master of All Tracks, Scorer of Maximum Points, Whisperer of Tires, Minimizer of Fuel Utilization, Maximizer of Consistency in Finishing. Look Upon Him With DRED.
Appreciate 1
Run Silent13208.50

      12-26-2019, 02:50 PM   #420
Run Silent
Run Deep
Run Silent's Avatar
United_States
13209
Rep
3,772
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by NemesisX View Post
No it's not. You're talking about unicorns. Stop acting like rare incomes in your profession are "somewhat common."

My dad's a professor. He makes a little over $1 million a year ($400k base plus $1000 an hour consulting). It is by no means common to make that as a professor. It's incredibly rare. Most professors barely hit six figures and senior professors may make it up to $150,000/year.

He would never recommend that my brother and I become professors just because he makes a million a year. In fact he actively warned us against doing so.

It's the same story with CPAs. To suggest someone go to grad school and then cite some CFO/CPA that makes $2 million a year as an example is deceptive.
FWIW - I live in a very low paying part of the country and here is the current opening availability from my local recruiter.

Attached Images
  
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 1
MKSixer19902.00

      12-27-2019, 06:47 AM   #421
hooligan_COLD
Space Shuttle Door Gunner
hooligan_COLD's Avatar
5003
Rep
4,229
Posts

Drives: '15 X1 35i M Sport
Join Date: Nov 2017
Location: Back in the Mitten

iTrader: (0)

Quote:
Originally Posted by eluded View Post
Quote:
Originally Posted by cmyx6go View Post
Quote:
Originally Posted by TheWatchGuy View Post
fucking women take everything in a divorce.
Ummm, no. Angry, resentful spouses take everything regardless of gender.

My ex husband was awarded the house, half my 401k and lifetime alimony....The court officers gasped a few holy shits when the judge read the settlement in open court.
I heard a similar story like this. A Doctor friend I knew just seemed poor for some reason and it just did not add up. Later I found out she was supporting her ex-husband with alimony and child support and that is why she had no money.

When I was told this story My friend took a look at me and asked what was wrong.... And I told her, please just give me a few minutes to take this in and enjoy this moment.
Doesn't sound like you're much of a friend, honestly.
Appreciate 3
cmyx6go3561.50
MKSixer19902.00
Run Silent13208.50

      12-27-2019, 06:54 AM   #422
MKSixer
Major General
MKSixer's Avatar
19902
Rep
8,868
Posts

Drives: 2015 BMW i8, E63 M6, 328d
Join Date: Jun 2015
Location: Southeast United States

iTrader: (0)

Garage List
2016 M4 GTS (Allotted)  [0.00]
2013 BMW 328d  [0.00]
2007 BMW M6  [5.00]
2015 BMW i8  [5.00]
Quote:
Originally Posted by Run Silent View Post
FWIW - I live in a very low paying part of the country and here is the current opening availability from my local recruiter.

#datadrivenlife
__________________
Several actors have played James Bond, Sean Connery IS James Bond...

Lewi6, First of His Name, Destroyer of Careers, Master of Pole Positions, 6X WDC, Master of All Tracks, Scorer of Maximum Points, Whisperer of Tires, Minimizer of Fuel Utilization, Maximizer of Consistency in Finishing. Look Upon Him With DRED.
Appreciate 1
Run Silent13208.50

      12-27-2019, 07:12 AM   #423
stevenc
Coming Soon
United_States
123
Rep
943
Posts

Drives: 2015 BMW M4 Alphine White MT
Join Date: Apr 2008
Location: Houston, TX

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
Sorry man, you're wrong. Literally every single manager or above in accounting in a decent size company is making six figures. This would be about 4-6 years of experience.

There isn't a single big 4 accountant who is a manager or above making less than six figures. Just those four companies alone probably employee over a hundred thousand people.

If this is news to you, then I don't know what else I can say. I am a CPA - I don't have a single friend who is in the accounting field that I know who is making less than about 80k a year - and those making that are young kids. Anyone at mid level management or better is 100k plus.

In addition - I never said 2mil a year was 'common' - I said $200K a year was common - and it is.

Both of you are right. Since im the guy who sparked the conversation, ill say i make around $400k as a partner for regional firm. HOWEVER that is not the norm. A good CPA can expect to make around $100,000 - $130,000 once they make manager. There are plenty of average CPA's who will make $75,000. To make real money you will need to make partner or go into industry (senior management level).

As with all professions, you need to be smart and hard working to earn the real money. Average people will earn average wages regardless of their certifications.
Appreciate 2
      12-27-2019, 12:23 PM   #424
DETRoadster
Space Force - 4 Star General
DETRoadster's Avatar
6476
Rep
2,850
Posts

Drives: M2 MG 6MT / Moto Guzzi V7
Join Date: Jul 2016
Location: Seattle

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
Quote:
Originally Posted by IllSic_Design View Post

Man if only I'd known/they told us in high school that a CPA could make this much money I would have for sure have worked to get in to the career. I've always been pretty good with numbers.
So go back to school? I did. I started out in the government intelligence sector. After being blown up, I got out of that line of work and went back to grad school.

Can make partner at a big four firm in about 12-15 years. Income will typically be high 6 figures to start, several million per year after some seniority.

CFO at last employer was a CPA, made about $750K/yr plus about another $1.2m/yr in deferred comp, total around $2m/yr total compensation.

He was 36.


I clearly took the wrong route 25 years ago with engineering and need to go back to school. Lol.
Appreciate 2
Run Silent13208.50
minn196581.00

      12-27-2019, 12:42 PM   #425
Run Silent
Run Deep
Run Silent's Avatar
United_States
13209
Rep
3,772
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by DETRoadster View Post
I clearly took the wrong route 25 years ago with engineering and need to go back to school. Lol.
Lol - probably not. Engineering pays quite well and probably less stress than dealing with the numbers.
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 2
Rmtt3623.00

      12-27-2019, 01:04 PM   #426
Rmtt
Lieutenant Colonel
Rmtt's Avatar
United_States
3623
Rep
1,900
Posts

Drives: 2011 BMW 128i, 2008 LS3 C6
Join Date: Jan 2019
Location: South Carolina

iTrader: (3)

Quote:
Originally Posted by Run Silent View Post
Lol - probably not. Engineering pays quite well and probably less stress than dealing with the numbers.
I've always been pretty good with numbers and math came easy...that's why I went into Engineering. But I wouldn't want to "crunch" numbers all day long...no offense Run Silent .

In the last 10 years or so, most entry level Engineers I have worked with depending on type typically start in the $90's range and end up breaking $100K after the yearly bonus.

Amount of time in and management is when you really start to break into the Mid $150's+. I have a ME and CH E...plus a Maintenance group reporting to me.

You can also do freelance work like you mentioned in the other thread especially if a PE. I used to do a lot of that (7 years) almost doubling my salary....but came to realize that it wasn't worth my time once you average out the extra taxes you pay past a certain point vs. the time away from family.

So now I just do consulting work on the side if I want to. I consider it "play" money whether it be cars or investing. But I support maybe 2-3 local businesses now...so not much.

But something as simple as programming terminals for POS in restaurant chains can bring in easy money very quickly especially if you offer fair rates and have good customer service skills in my field of work.
__________________
Everybody has a gameplan....until they get punched in the mouth.
Appreciate 2
Run Silent13208.50
MKSixer19902.00

      12-27-2019, 01:15 PM   #427
DETRoadster
Space Force - 4 Star General
DETRoadster's Avatar
6476
Rep
2,850
Posts

Drives: M2 MG 6MT / Moto Guzzi V7
Join Date: Jul 2016
Location: Seattle

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
Lol - probably not. Engineering pays quite well and probably less stress than dealing with the numbers.
Engineering doesn't pay THAT well!

As for stress, well, I had a nice low-stress job for 10 years when I was just an engineer, doing my engineer thing. Punch in, punch out, design truck parts. Then I had to go and get all ambitious and move into "management." I do very little actual engineering anymore now that I'm a VP. I set global product strategy and have teams in the UK, Manila, and China. So with the time zones, my day starts at 6:00 AM and ends whenever I finally put the phone down; usually around 10:00 PM. Stress is up, blood pressure is up, wife is on my case. Most days I wish I was "just" an engineer again.

Oh well. 15 more years and I'm out!
Appreciate 0
      12-27-2019, 01:27 PM   #428
Run Silent
Run Deep
Run Silent's Avatar
United_States
13209
Rep
3,772
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by DETRoadster View Post
Engineering doesn't pay THAT well!

As for stress, well, I had a nice low-stress job for 10 years when I was just an engineer, doing my engineer thing. Punch in, punch out, design truck parts. Then I had to go and get all ambitious and move into "management." I do very little actual engineering anymore now that I'm a VP. I set global product strategy and have teams in the UK, Manila, and China. So with the time zones, my day starts at 6:00 AM and ends whenever I finally put the phone down; usually around 10:00 PM. Stress is up, blood pressure is up, wife is on my case. Most days I wish I was "just" an engineer again.

Oh well. 15 more years and I'm out!
Pace yourself, my man - it isn't worth it. I get into the office about 815am and typically leave the office around 630pm or so. The only major issue is that I have a very long commute.

I don't take work home and rarely answer emails when not in the office. It's pretty stressful and go-go-go when I am here at work, but I leave it there when I pack up as much as I can.

Don't live to work, my friend.
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 4
Rmtt3623.00
MKSixer19902.00
minn196581.00

      12-27-2019, 03:18 PM   #429
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
4414
Rep
3,861
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

Quote:
Originally Posted by Run Silent View Post
Sorry man, you're wrong. Literally every single manager or above in accounting in a decent size company is making six figures. This would be about 4-6 years of experience.

There isn't a single big 4 accountant who is a manager or above making less than six figures. Just those four companies alone probably employee over a hundred thousand people.

If this is news to you, then I don't know what else I can say. I am a CPA - I don't have a single friend who is in the accounting field that I know who is making less than about 80k a year - and those making that are young kids. Anyone at mid level management or better is 100k plus.

In addition - I never said 2mil a year was 'common' - I said $200K a year was common - and it is.
Iíve been a self-employed CPA for 19 years and my clients are corporate CPAs. I think this is exactly right.
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
Appreciate 2
Run Silent13208.50
MKSixer19902.00

      12-27-2019, 10:22 PM   #430
FuriouslyFast
Stop. Hammer Time.
FuriouslyFast's Avatar
United_States
774
Rep
370
Posts

Drives: Miss Daisy
Join Date: Jul 2019
Location: PA

iTrader: (0)

Garage List
Quote:
Originally Posted by R3dliner View Post
What successful female with a high income especially in NYC is not? Shit doesn't exist.
She's pretty frugal but does have her bag collections.
That's my point. They ALL are...regardless of income
Appreciate 0
      12-28-2019, 04:17 PM   #431
adc100
Lieutenant Colonel
1683
Rep
1,977
Posts

Drives: 2018 Forester XT
Join Date: Sep 2018
Location: Elizabethtown PA

iTrader: (0)

Quote:
Originally Posted by ragingpanda View Post
Isn't that what women do when they 'win' in family court (which women win 90% of the time)?
That is a ver biased statement and is not true. You are saying in a divorce where the woman did not work and stayed home to raise the kids made out bc she got half and support for the kids??? Is that what you are saying. Family court is a joke in many cases but it in general does not favor the woman.
Appreciate 0
      12-28-2019, 04:21 PM   #432
adc100
Lieutenant Colonel
1683
Rep
1,977
Posts

Drives: 2018 Forester XT
Join Date: Sep 2018
Location: Elizabethtown PA

iTrader: (0)

Quote:
Originally Posted by DETRoadster View Post
2 words...Pre...Nup...
Exactly!!!!
Appreciate 0
      12-30-2019, 07:37 AM   #433
FuriouslyFast
Stop. Hammer Time.
FuriouslyFast's Avatar
United_States
774
Rep
370
Posts

Drives: Miss Daisy
Join Date: Jul 2019
Location: PA

iTrader: (0)

Garage List
Quote:
Originally Posted by adc100 View Post
That is a ver biased statement and is not true. You are saying in a divorce where the woman did not work and stayed home to raise the kids made out bc she got half and support for the kids??? Is that what you are saying. Family court is a joke in many cases but it in general does not favor the woman.
Proof?
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:25 PM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST