Accountants are expensive. If you have access to your firm’s rate card, you’ll probably find that they charge exorbitant prices to the client on a per-hour basis. It’s not uncommon for a know-nothing associate fresh out of college to cost the client $180 or more per hour. Directors’ and partners’ rates regularly clear $800 per […]
Why Clients Hire Public Accounting Firms Read More »
Picture two colleagues. The first is a new equity partner. He’s been with your firm for two years and is an excellent salesman. He’s personable and good at training his subordinates. He’s also strict about meeting client deadlines, realistic or not, and expects his employees to treat client deadlines with similar respect. The second is
How to Corporate – Soft Power Versus Hard Power Read More »
As you spend more time in public accounting, you’re almost guaranteed to hear from a recruiter working for a rival firm looking to poach you. Over the course of a five-year career, I’ve jumped firms twice, entertained around ten offers from competitors, and held dozens of chats with recruiters. This makes me something of a
Switching Between Public Accounting Firms: Pros, Cons, and Execution Read More »
One of the most difficult parts of getting ahead in public accounting is recognizing when you’re in a position to succeed versus when you’re set up to fail. In many ways, they may not feel that different. In both cases, you may have great coworkers and feel welcome. Alternatively, you may be stressed and ground
Knowing When You’re in a Good Place and When To Get Out Read More »
In business school, we’re drilled about the benefits of negotiating in our careers. A series of short conversations can yield more pay and better benefits for those willing to try. For a variety of reasons, many people fail to negotiate when the opportunities present themselves. The whole process is inherently awkward. Initiating a salary discussion
Recognizing When to Negotiate in Public Accounting Read More »
In August of 2021, EisnerAmper, a national public accounting firm, announced a strategic investment from private equity firm TowerBrook Capital Partners. On April 11, 2022, Citrin Cooperman, another national public accounting firm, announced a deal with New Mountain Capital, a private equity group, to sell a majority of its shares. On June 30, 2022, Cherry
The Rise of Private Equity in Public Accounting Read More »