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  1. #1
    VAV vav's Avatar
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    How much do ACCOUNTANTS make in canada?

    Okay when i graduate i want to go to shulich and get a bacherls of business there, then become an accountant. After that do my required hours/courses/exams and become a CA.

    i was just wondering how much do accountants make yearly when:
    1) they start off after finishing university
    2) they got a bit of experience but still arn't a CA
    3) they are a CA
    4) open your own accounting firm

    numbers dont have to be exact, just a range.
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  2. #2
    ***Misc Ikariam Crue*** morgansd12's Avatar
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    Originally Posted by vav
    Okay when i graduate i want to go to shulich and get a bacherls of business there, then become an accountant. After that do my required hours/courses/exams and become a CA.

    i was just wondering how much do accountants make yearly when:
    1) they start off after finishing university
    2) they got a bit of experience but still arn't a CA
    3) they are a CA
    4) open your own accounting firm

    numbers dont have to be exact, just a range.
    1)$USD 30,000
    2)$USD 40,000
    3)$USD 50,000
    4)$USD 75,000+
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  3. #3
    VAV vav's Avatar
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    ew are you serious? I thought CAs made at least like 130000+, but when opening firm i guess its a business so depends how it can do, can go from 0 to millions
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  4. #4
    VAV vav's Avatar
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    btw wat else can i do after i get business degree at shulich
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  5. #5
    gigglefart Dreamscapes's Avatar
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    It depends on how good you are at cooking the books and not getting caught.

    At one of my old jobs... the accountant showed up with a new car that was well beyond their limits (according to what her salary was).

    As it turns out she had been embezzling for a good while and got caught.. had to let a ****load of people go after an investigation as we had a lot less money coming in than what we thought.
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  6. #6
    Registered User HeavyLifta2's Avatar
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    Originally Posted by vav
    Okay when i graduate i want to go to shulich and get a bacherls of business there, then become an accountant. After that do my required hours/courses/exams and become a CA.

    i was just wondering how much do accountants make yearly when:
    1) they start off after finishing university
    2) they got a bit of experience but still arn't a CA
    3) they are a CA
    4) open your own accounting firm

    numbers dont have to be exact, just a range.
    These are the CORRECT numbers..I just graduated from UofT with my B.com and I'm starting with Deloitte in September.

    These are Big 4 Salaries (KPMG, PwC, D&T and E&Y)

    1) Starting salary this year for auditors : $45,000
    2) After 3 years: ~$60K
    3) After 5 years: ~$80K
    4) Who knows...the average partner at a big 4 makes 500K/year.
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  7. #7
    Registered User HeavyLifta2's Avatar
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    Originally Posted by vav
    btw wat else can i do after i get business degree at shulich
    Learn how to spell the name of the school properly? (Schulich)
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  8. #8
    ***Misc Ikariam Crue*** morgansd12's Avatar
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    Originally Posted by HeavyLifta2
    These are the CORRECT numbers..I just graduated from UofT with my B.com and I'm starting with Deloitte in September.

    These are Big 4 Salaries (KPMG, PwC, D&T and E&Y)

    1) Starting salary this year for auditors : $45,000
    2) After 3 years: ~$60K
    3) After 5 years: ~$80K
    4) Who knows...the average partner at a big 4 makes 500K/year.

    Those are the TOP salaries, what the rest of the accountants get is a bit lower. Did Deloitte tell you how many accountants they have vs. how many partners they have?
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  9. #9
    VAV vav's Avatar
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    damn those are so low , how am i supposed to buy a hummer with getting 60- 70 grand a year. what are other fields in which i can go to after university which will earn more money?
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  10. #10
    Registered User HeavyLifta2's Avatar
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    Originally Posted by morgansd12
    Those are the TOP salaries, what the rest of the accountants get is a bit lower. Did Deloitte tell you how many accountants they have vs. how many partners they have?
    Those are the average salaries for the big 4. Keep in mind those are also the auditing salaries. I was able to join a specialty group (transfer pricing) where the salaries are higher.

    But partners are obviously the minority at a firm. Only 2% of new hires go on to become partners. I don't intend to stick around long enough to make partner..I'll probably go into industry after 5-7 years.
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    ***Misc Ikariam Crue*** morgansd12's Avatar
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    Originally Posted by HeavyLifta2
    Those are the average salaries for the big 4. Keep in mind those are also the auditing salaries. I was able to join a specialty group (transfer pricing) where the salaries are higher.

    But partners are obviously the minority at a firm. Only 2% of new hires go on to become partners. I don't intend to stick around long enough to make partner..I'll probably go into industry after 5-7 years.

    cool...congrats on getting in with the big 4. I graduate at the end of the year, and I know guys with 3.5 GPA hwo didn't even come close to getting a job. This is in San Diego though, competition is pretty stiff and there aren't many openings. We had 64 students apply for 8 INTERN positions with the big 4. I think our salaries are a bit lower out here as well.
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  12. #12
    Registered User HeavyLifta2's Avatar
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    Originally Posted by morgansd12
    cool...congrats on getting in with the big 4. I graduate at the end of the year, and I know guys with 3.5 GPA hwo didn't even come close to getting a job. This is in San Diego though, competition is pretty stiff and there aren't many openings. We had 64 students apply for 8 INTERN positions with the big 4. I think our salaries are a bit lower out here as well.
    Wow, that market is brutal, you would think the current business climate and legislation such as SOX would create a better job market for accountants there. Recruiting here is done in September, and I would say a bit over half of my graduating class got jobs with the Big4.
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  13. #13
    ***Misc Ikariam Crue*** morgansd12's Avatar
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    Originally Posted by HeavyLifta2
    Wow, that market is brutal, you would think the current business climate and legislation such as SOX would create a better job market for accountants there. Recruiting here is done in September, and I would say a bit over half of my graduating class got jobs with the Big4.

    OVER HALF!!!!!!

    Holy ****e, are you in Texas? I am actually moving to Houston in January, pretty much given up on San Diego. Hopefully will have better luck in TX.
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  14. #14
    Registered User HeavyLifta2's Avatar
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    Originally Posted by morgansd12
    OVER HALF!!!!!!

    Holy ****e, are you in Texas? I am actually moving to Houston in January, pretty much given up on San Diego. Hopefully will have better luck in TX.
    I'm in Toronto
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  15. #15
    I am Powerlifter the next arnold's Avatar
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    Originally Posted by HeavyLifta2
    4) Who knows...the average partner at a big 4 makes 500K/year.
    you sure about that ?


    they would want to be putting in a huge amount of work to justify that ammount
    of cash
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  16. #16
    VAV vav's Avatar
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    Originally Posted by HeavyLifta2
    I'm in Toronto
    nice me too well around toronto
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  17. #17
    Registered User HeavyLifta2's Avatar
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    Originally Posted by the next arnold
    you sure about that ?


    they would want to be putting in a huge amount of work to justify that ammount
    of cash
    Partners here bill around $1200/hr to clients.

    Mind you they don't know their kids names.
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    Banned D3xter Jax's Avatar
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    Well you know, things in canda haven't been the same after they lost the US-Canada war
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    Registered User HeavyLifta2's Avatar
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    Originally Posted by D3xter Jax
    Well you know, things in canda haven't been the same after they lost the US-Canada war
    the war of 1812? Canada didn't exist back then..but the Brits did win.
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  20. #20
    VAV vav's Avatar
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    wat exactly do u mean by "partners"
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    Originally Posted by vav
    wat exactly do u mean by "partners"
    After 12-15 years with the firm..you can become partner (if you're good enough and your nose is brown enough) - Essentially, you become an equity owner (You invest a certain amount into the firm, eg: 300K) and you become a partner... accounting firms are usually afterall partnerships (they can't incorporate).
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  22. #22
    CEO'ing but not balling Shike's Avatar
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    My Dad was one of the youngest partners in Ernst and Young. I think he made it at like 26-28. Anyway, he got shipped down to Brazil and ran the office in Rio. Partners make some SERIOUS coin. 500K+ isn't that far off.

    He went into business for himself and has a really successful small firm. Making around 250k+ now and basically takes a few weeks a MONTH off for vacation. (Not during busy season though) He said if he was still at E+Y he would be making a TON more money but wouldn't have any of the freedoms he has now.

    It's all a trade-off. Money or life outside of work. Accountants can make some serious bling though.
    5 years of working out and 50 more to go.
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  23. #23
    VAV vav's Avatar
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    thanks got my faith back in accounting again
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    Originally Posted by Shike
    My Dad was one of the youngest partners in Ernst and Young. I think he made it at like 26-28. Anyway, he got shipped down to Brazil and ran the office in Rio. Partners make some SERIOUS coin. 500K+ isn't that far off.

    He went into business for himself and has a really successful small firm. Making around 250k+ now and basically takes a few weeks a MONTH off for vacation. (Not during busy season though) He said if he was still at E+Y he would be making a TON more money but wouldn't have any of the freedoms he has now.

    It's all a trade-off. Money or life outside of work. Accountants can make some serious bling though.
    Back in the 80s, it was possible (although still rare) to make partner after 8 years if you were a superstar... These days, it's a minimum of 10-12 years...

    Like you said, it's a tradeoff...do you want an M5, or would you rather know your kid's name?
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  25. #25
    VAV vav's Avatar
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    Originally Posted by HeavyLifta2
    do you want an M5, or would you rather know your kid's name?
    i choose m5, i dont even wanna have kids when i grow up
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  26. #26
    CEO'ing but not balling Shike's Avatar
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    Originally Posted by vav
    i choose m5, i dont even wanna have kids when i grow up
    Then work your tail off and you should do well.
    5 years of working out and 50 more to go.
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  27. #27
    Registered User HeavyLifta2's Avatar
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    Originally Posted by vav
    i choose m5, i dont even wanna have kids when i grow up
    Oh man you'll fit right in at Schulich...
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  28. #28
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    Angry

    I was at York U (Atkinson- B.A.S) for the last 2 years majoring in accounting. I dropped out cuz the shyt is too boring man. It drove me insane. I guess you have to be a freakin nerd to do accounting your whole life. Did you know... accountants have the second highest suicide rate after dentists??
    Right now im unemployed and totally lost as to what I should do next.
    Don't take accounting, it WILL f**K u up!
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