December 10, 2018

Depression

An Invasive Remedy for the Big 4 Accounting Blues

Overworked and underappreciated? Running on empty, day in and day out? We have all felt it. If you have worked in Big 4 accounting and didn’t experience Sunday night anxiety, you're not human. Prolonged spells of feeling overwhelmed can lead to burnout and start to impact your mental health. (Big surprise. #AuditorProud) As cited by […]

How to Cope With Post-Busy Season Depression

When busy season ends, it takes time for many accountants to adjust to the 40ish-hour workweek again. For those of you who don't suffer from the martyrdom complex the return to a somewhat normal life is a welcome change. But for others, there are different feelings: @going_concern an article addressing getting out of post busy […]

From OCD to ADHD: Yes, Mental Health Is an Issue in Public Accounting

Being a CPA can turn you psycho. Health.com lists accounting as one of 10 careers with high rates of depression. I can vouch for the mental health risks of our profession. I went crazy during my first busy season; doctor said I had anxiety. I'd never been diagnosed with anxiety before, so that totally stressed me […]

Breaking News: Accounting is a Depressing Career

This one goes out to everyone getting up at the crack of dawn this Saturday to count inventory. Health.com identifies financial advisors and accountants as some of the most depressed workers: Stress. Stress. Stress. Most people don’t like dealing with their own retirement savings. So can you imagine handling thousands or millions of dollars for […]

Are Accountants Really That Depressed?

Apparently! Health.com churned out “10 Careers With High Rates of Depression” and lo and behold, Financial Advisors and Accountants made the list of “fields […] in which full-time workers are most likely to report an episode of major depression in a given year.”

Stress. Stress. Stress. Most people don’t like dealing with their own retirement savings. So can you imagine handling thousands or millions of dollars for other people?

“There is so much responsibility for other people’s finances and no control of the market,” Legge says. “There is guilt involved, and when (clients) are losing money, they probably have people screaming at them with regularity.”

Over at CPA Success, Bill Sheridan writes, “That strikes me as a simplistic and overly dramatic conclusion, with no mention at all of the opportunities CPAs have to help their clients improve their personal and professional lives. But what do I know?” We agree with Bill, that the write-up doesn’t really portray accountants accurately, some might say, “bullshit” but stress is part of your job. Does that mean everyone feels like running into sick room and sobbing every day? Well…maybe some of you. There are plenty of people that thrive on the stress and then there are those that bottle it up until they finally quit with a melodramatic sendoff.

Everyone knows that working long hours for weeks on end can eventually get to even the toughest of white-collar warriors but your run-of-the-mill stressed out accountant typically has methods for dealing with the the busy season blues. Some people exercise; some people get their religion on; some people drink/smoke/snort themselves into oblivion. Do those things work? Sure, sometimes. But we’ve all worked with that person who you expect to suddenly not show up. Are there more of those people than there used to be? Hard to say. Maybe we should talk about it. Let it out; it will feel good. Plus, we’re cheaper than a therapist.

An Open Thread on Accountants’ Salaries at the Big 4: What Do You Make?

money.jpgWe received a request over the weekend to discuss everyone’s favorite topic: money.

This is a great idea on many levels since A) it’s been quite some time since we’ve dedicated a post to the subject B) there are plenty of newbies that have started since then but mostly C) knowing what everyone else is making is your God-given right.

Hopefully, this new thread will get everyone up to speed (or just completely pissed off on a Monday) and ready to run through brick walls in 2010.
In the comments, provide the following:
• Salary without bonus, bonus amount
• Level
• Practice (audit/tax/advisory), practice subgroup
• Firm, city/region
• Other notes/complaints
The reader requesting the thread, was kind enough to provide their details:
• $52k, $3k (in start year, bonus was a whopping $0 this year)
• Associate 2
• Audit
• PwC, Northern California

This is an equal opportunity post so regardless of your firm, get your numbers out there (this means you: GT, BDO, RSM/M&P, Crowe, Moss Adams, anyone else).

UPDATE, Tuesday: Thanks for all the input so far. Feel free to email us if you want to give us more details on your salary or ideas or other related thread discussions.

Other money related discussions:
Problem of the Day: Do You Quit Your High-Paying Job with the Idiot Boss?
Satisfied with Your Salary?
Problem of the Day: Your Staff Makes the Same Money As You (Maybe More)