What are the prospects for certified public accountants now?

It is estimated that the demand for certified public accountants will reach 300,000 in 2020. The current actual number is more than 100,000, and the gap is very large. The development prospects are also good, and there will be more choices.

After passing the CPA certificate, you can generally:

1. Enter the enterprise to work in finance, cost and management, financial management, internal audit, etc.;

2. Enter the financial industry to engage in accounting-related work in banks, securities industries and other financial institutions;

3. Enter administrative institutions such as schools, hospitals, welfare charities, etc. to serve in accounting and internal auditing work, Generally corresponding to the administrative level of civil servants;

4. Enter an accounting firm to engage in attestation services, tax agency, asset evaluation, accounting services, management consulting, etc.

Industry selection: After passing the CPA exam, the industry development is very broad:

The four major accounting firms

PricewaterhouseCoopers, KPMG, Deloitte, Ernst & Young.

Their salaries are not high and may not be worth it compared to the complicated workload, but their reputations are very good. After working for 3-5 years, there is great hope of studying in business schools abroad or transferring to other foreign companies. Therefore, it is known as the "Talent Springboard".

Even if you are engaged in general audit work in the "Big Four", there are many opportunities to learn and practice business consulting. It is worth noting that the “Big Four” do not encourage employees to go to business school earlier, so there may be obstacles in this regard.

Reference salary for new hires of college graduates from the Big Four accounting firms:

PricewaterhouseCoopers 100,000 RMB/year, plus business travel subsidies and bonuses, it may reach 130,000 RMB RMB/year, and those who often work outside may be close to 160,000 RMB/year. The other three majors are all slightly higher than PwC.

The salary of consulting positions is slightly higher than that of auditing positions. However, if you are already a charter holder and join one of the four major accounting firms, your annual salary is generally around 300,000-400,000 yuan. As your working hours increase, if you become a partner, your salary will be immeasurable. An annual salary of one million yuan will be Very average among the four partners.

At Deloitte, if you pass five CPA exams at once, you will not only be reimbursed for all exam and material purchase costs, but will also receive a reward of 10,000 yuan. If you pass the CPA exam twice or more, you will be rewarded with 5,000 and all expenses will be reimbursed. After passing the exam, you will receive a CPA subsidy of 500 per month plus your salary. ?

With the exception of Deloitte, in any other of the Big Four, those who apply for CPA not only have exam leave, but also receive corresponding bonuses or salary increases after passing the exam.

Domestic Accounting Firms

The salary of certificate holders of domestic accounting firms, which account for the majority of the industry, is indeed slightly lower than that of the "Big Four", but it is 250,000-350,000. The annual salary is also a reflection of the holder’s own value.

You will be rewarded for your hard work. In terms of work intensity, the pressure of domestic firms is correspondingly lower than that of the "Big Four".

State-owned large and medium-sized enterprises

Domestic corporate financial starting salaries are generally not very high. The starting salary for fresh graduates in the first year is generally 50,000-80,000 yuan, but for those who have focused on For certificate holders, career development will be very fast, and salary increases will also be large.

Reference salary: According to the financial statements published by domestic listed companies, the annual salary of many financial directors or managers mostly reaches 300,000.

Some large foreign companies with very high employee benefits?

These positions are relatively scattered, but most of them are concentrated in financial management, marketing, strategic planning and other departments.

Foreign companies recognized as having high remuneration and bright future include: Procter & Gamble, Mars, Maersk, Daimler-Chrysler, General Motors’ financial department, etc.

The salary is not as high as that of investment banks and consulting companies, but the personal training and diversity of prospects far exceed that of investment banks, and the practicality exceeds that of consulting companies, which is very beneficial to future business work.

The work intensity of the above-mentioned foreign companies is generally much lower than that of investment banks, and comes with many training opportunities, and the "performance-price ratio" is very high.

Reference salary of some large foreign companies: (different departments often vary greatly, whichever is higher in the first year):

P&G marketing or finance department 70,000-10 10,000 RMB/year, Maersk 100,000-200,000, Mars about 120,000. Johnson & Johnson and Unilever are slightly lower than P&G.

Foreign-funded commercial banks or universal banks

For example, ABN AMRO, Société Générale, HSBC, Barclays, etc., the gap between their investment banks and commercial banks is not very big, but each There are also certain differences in departmental wages.

Higher-paying positions such as corporate finance (equivalent to investment banking) and private banking are often much higher than general consumer banking and insurance positions. In any case, these foreign-funded universal banks give people more comprehensive training than investment banks, and the probability of switching between various departments is greater, so the future may not be as good as that of investment banks or consulting companies.

Reference salary for foreign-funded universal banks: investment banking positions can reach 400,000-800,000 RMB/year, commercial banking positions can reach 70,000-120,000 RMB/year, and the better ones may reach 200,000 RMB/year. Year.

Foreign investment banks

Specifically refers to overseas investment banks such as Goldman Sachs, Morgan Stanley, Citigroup Global Investment Bank, Lehman Brothers, Deutsche Bank, Credit Suisse First Boston, UBS Warburg, etc. The first-class investment banks all have representative offices or branches in China.

Investment banks recruit graduates in China from different working locations such as Tokyo, Hong Kong, Singapore, Beijing, and Shanghai. After working in any top investment bank for 3 years and applying to a top business school in the United States, you are almost certain to succeed. Your future is limitless after graduating from an MBA.

Investment banking reference salary: (first year graduate student, undergraduate student may be slightly lower): Goldman Sachs Tokyo 900,000 RMB/year, Deutsche Asia Pacific 750,000 RMB/year, Morgan Stanley Beijing 250,000 RMB /year (year-end dividends are calculated separately).

Joint ventures or Chinese-funded investment banks

Including CICC and Gaohua Securities, BOC International can barely be counted as one.

In fact, CICC is equivalent to the Chinese branch of Morgan Stanley, with extremely high wages. Gaohua is equivalent to the Chinese branch of Goldman Sachs. It has just been established for more than a year and its future is still unclear.

Reference salary: The salary can refer to foreign investment banks, which is generally slightly lower.

Foreign-funded consulting companies

Specifically refers to first-class overseas consulting companies such as McKinsey, Bain, Boston Consulting Group, Monitor Group, Mercer, Accenture, etc., which can be divided into management consulting , investment consulting, human resources consulting, market consulting, technical consulting and other sectors.

The salary gap in consulting companies is relatively large, but you can get a substantial salary increase after working for 3-5 years. The salary of senior consultants is no less than that of investment bankers. You can basically succeed in applying to top business schools in the United States at consulting companies, and your future will be broader after graduating from an MBA.

Reference salaries at consulting firms: McKinsey and Bain 150,000-200,000 RMB/year, Roland Berger 100,000 RMB/year, and the rest are in between. The salary increases by RMB 100 in the second year and RMB 50-100 in the third year. After three to four years, the annual salary can generally exceed RMB 500,000.