![Big-four-logos[1].jpg](https://i.imgur.com/Lvg8mmV.jpg "Big-four-logos[1].jpg")
>that feel when losers are afraid their jobs will get automated
>that feel when big 4
>that feel when your job is unautomatable
why the fuck is finance and accounting never mentioned among god-tier degrees
I earn GREAT dosh for this country, I have an h1b1 visa so I can fly to the US, job puts me in comfy hotels (dont worry I never stay longer than two weeks - a month tops and dont plan to) and talking to important people. Life as a corporate suit is fucking great.
Keep crying about corporations you sad sacks of starbucks barista shit maybe your next customer will leave a tip kek
Enjoy your soul crushing job that never leads anywhere. Oh yeah guess you haven't heard the future of FinTech. To finance degree will be useless soon as well
>>72361627
>big 4
>unautomatable
I hope you're working in advisory (financial or tech).
Because I'm currently working on a project at KPMG to automate a huge part of IFRS accounting.
Source to picture: Frey, C. B., & Osborne, M. A. (2013). The future of employment: how susceptible are jobs to computerisation. September, 7, 2013.
>>72361929
Corporate finance (managemnt consulting, investment banking etc) will probably be useful as long as we have some semblance of capitalism around.
>that feel when your job is unautomatable
Keep dreaming
>>72361627
And Finally, Big4 is like bottom tier of acceptable finance jobs (top tier accounting and "omfg I can't believe I ended up working for an accounting firm" for tech).
>>72362607
nigga I'm not a data input drone, I'm in audit
that shit aint getting automated, theres all sorts of stuff you wont automate unless you have an AI and you spergs wont have that for a long time
>>72362607
IBM Watson transfer pricing project?
Keep some op sec nigga
>>72361627
What is the most redpilled degree?
Economics?
Enginnering of any kind?
Computer Science?
>>72362999
>audit
>not a data input drone
Audit is the epitome of data input drone.
>>72363855
Finance is probably the most degenerate, cocaine fuelled degree. Perhaps the most redpilled too, because you're truly leaving humanity behind.
>>72363307
>>72363855
STEM if you're an autist
economics graduates end up in shitty bank clerk or sales jobs like these assholes who call you up proposing a better bank account and shit
pick finance over it if you're thinking about working with money
you need at least one foreign language, if its english it better be real good
>>72363307
>op sec
There's no fucking op sec in these firms. Everyone is telling everybody about upcoming firm acquisitons, the next headline numbers for quarterly reports etc. I guess the tech folks also leak security backdoors to their hacker buddies, but those guys are too autist to speak to the rest of us.
>>72365085
Maybe in Poland, here econ graduates work in investment banking, stockbroking etc.
>>72365085
Econ graduates from actual schools do analyst work for giant firms who need their decisions modeled.
>>72361627
PWC is "insourcing" a lot of their tax work to India.
I don't think finance will be automated before OP retires. Honestly he is a lot more profitable in the short term because he pays for his own food and operating costs. His salary is meager compared the the upkeep and R&D on a finance machine as proficient as him. Stem is also relatively unautomatable, but can still be outsourced.
The people we will see getting replaced in the next 20 years are cashiers at big stores (this is already happening, but self checkout isn't the best,) car salesmen by online ordering, much of retail by the Internet and so on. Honestly I am fine with a basic income, as it will be needed soon, as long as people on basic income don't have more than 1 child per person (2 per couple)
All the CFO's i know came from those 4. It's either CFO or Partner (at the 4) for those who are talented at those firm.
Well I'm happy I went to the field witch is almost impossible to automate, medicine. Some aspects yes, but you still gonna need a doc.
>>72366255
Witch doctor?
>>72365954
My first internship (3 years ago) was for one of these as an auditor. During my 4 months, like 5 people from our department alone (we have 6 audit departments) left for controller/cfo positions. 4 people came back from having been CFO/Controller and now they were able to sell themselves as auditors to the firms they came from. Huge revolving door policy.
>>72365444
Big4 has investmebt banking activities (handling IPO's, mergers etc). Usually for smaller deals and they never take any assets on their own balance sheet as the likes of JPMorgan does in the US (to share risk and rewards with the transaction)
>>72365605
So, should I do finances or eco?
>>72366579
Doesn't matter. Trust me (from a résumé standpoint).
![1461622646751[1].gif](https://i.imgur.com/dv11Ovk.gif "1461622646751[1].gif")
Accounting is gonna be one of the first to go you fucking idiot. You just need a smart computer brain, not even any complex physical operations involved (which are actually what hold automation back, e.g. chicken fileting/fish processing).
Shithead pole get the fuck out
>>72366697
Which one seems better from own business standpoint?
>>72366769
Not same pole, but at least auditing gonna stay. Sometimes to get certain information you need that human connection.
>>72362607
Models will be automated?
>>72366880
Finance. (I assume you mean founding your own business)
>>72366769
Yup, one of the biggest issues isn't that big4 is too slow to automate. They are way ahead of the huge banks etc.
The problems is that clients have a lot of their shit in absolutely insanely stupid formats or in physical form. Once you get their data in shape so that it can be made compatible with big4 systems, a simple excel =if() function in excel will eliminate 50% of what audit associates do now
>>72366880
If you want to start your own business econ is probably better, as it teaches you how to model data which is exactly what you need to do to start a firm. Finance is if you are more interested in investing. Either way you'll likely be doing grunt work for a finance company for a few years out of school.
>>72367099
>>72367151
Yes, thanks.
>>72367069
Photoshop + databse of sexy stock models
>>72367203
Finance definitely. Microeconomics is alright if you want to model a market. But for understanding your own firm, evaluating if some project is worthwhile etc, finance is much better.
Accounting is literally the fastest sinking ship when it comes to automation right now. Does Poland not have computers or something?
>>72361627
if you do finance you are most likely stealing money from society with rare exceptions.
>>72367592
Stealing isn't the same as getting dumb chumps to pay you fees for not understanding simple concepts.
>>72361627
Finance and accounting get more automated every year...what took a team of 5 people before just takes 1 now. Computers have taken a lot of the busy work out of evaluating individuals by letting you compile most of their information into a handful of algorithms, place them on curves and, based on where they fall, determine about them whatever you need.
It will be a long tim before Finance and Accounting takes another big automation jump, it might never happen, but don't pretend it's never happened.
>>72367592
>you are most likely stealing money from society
Elaborate on your zero-sum game, please.
>>72367964
The current financial system (atleast in the US) is designed to profit the people who control it (banks) instead of doing of what it was designed to do: providing people with a way to simplify transactions (money). This is the cause of the central bank being privately owned and the fractional reserve banking system. The issue of currency should be in the hands of the people/govt and not private interests.
>>72368382
So if i buy stocks of Amazon at $50 per share and sell it later for $250 per share, i somehow stole money?
Banks do not own the financial system. I don't even know what you mean by that. Banks play a very crucial part though.
I don't think you stupid cucks understand the importance of business development at th4 big four. The data imput of an auditor can be automated but the business development side makes auditing at big4 unautomatable
>>72367893
Too bad it doesnt.
We live in a time where some older senior partners were pre Enron, pre computers really. Busy still sucks and takes just as long even with computers.
Accounting isnt do the bookeeping at the 4 year degree level. Its looking for fraud and offering assurance which can never be done by a computer. A big part of audit is checking over automated processes to see if they are adequate.
Apparently you're a green accountant...
It's a disappearing profession, software is allowing one person to do the job of 20 people.
>>72362999
Audit is EXACTLY data input drone.
>>72366964
No auditing is already being sent to India.
>a tenth of the cost
>quicker
>never a mistake
>>72362607
>bookeeping
>audit
yea you can discount that because those are so far apart and they just included them together.
Its like putting doctor and and hospital admin clerk together as the same job
>>72361627
But brother, you've got to fight jewry.
>>72361627
Great dosh at Polish standards is like 500€ per month.
>>72368721
No.
But good luck consistently making a lot money on the stock market without some sort of connections.
The banks control the issue of currency, that's the definition of owning the financial system.
once in a while /pol/ has an interesting thread whew
>>72365085
STEM is a meme. Only the engineers and computer scientists make money.
>>72361627
Deloitte does my taxes. I cant wait to get rid of them, theyre ripping me of, unfortunately the other accountants keep messing up.
>>72369292
>literally this retarded
jesus christ you leaves need better colleges
>>72369292
>that's the definition of owning the financial system.
It literally isn't. Banks are just financial vehicles.
>But good luck consistently making a lot money on the stock market without some sort of connections.
You should buy gold and hide it in a secret bunker.
Seriously though, you don't need connections to invest in the stock market and make compound gains over time. Do you even know what a balance sheet is? Do you know what a call or put option is?
You seem to have really strong feels about things that you probably don't have all that much knowledge about.
>>72369741
how am I wrong m8
>>72361627
>Being proud of literally serving Jews
Kill yourself
>>72369833
You make me upset wrong.
>>72369774
I said consistently making a lot of money. Sure you can get about 5-6% per year in relative safety.
And what the fuck does gold have to do with anything.
>>72369741
Please don't bunch this autist along with the rest of us. Some Canadians (maybe like 3%) actually have taken an economics course and know what they are talking about.
Accounting/finance degree holder here
>>72369999
You need to shut the fuck up and go away. Stop making us look bad with your autism
Keep loving your monotonous life of office work. I'll be welding up refurbed gas lines in the US for $170k a year and making it in 6 months, taking the rest of the year off. No end in sight
>>72369999
You can make good returns in the stock market consistently (you have to expect volatility) and make compound gains over time.
>>72370081
wew
Just keep flaming me instead of presenting an actual argument about how private interests don't control the monetary/financial system.
>>72369587
>paying more to receive a better, higher-quality service
How is that ripping you off, dumb leafposter?
>>72370350
Sure I'm not arguing against that.
>>72370497
>>72369999
>I said consistently making a lot of money
>??????
Do you see a trend in this picture?
>>72361627
>finance
>literally shuffling numbers around
>not automatable
I'm working with a company that develops desktop automation software. It's going to put a lot of accountants out of a job OP. Enjoy it while you can.
>>72370379
I don't know what you think "making a lot of money in the stock market" is, but even Warren Buffett only makes 15-20% per year, if that. All autistic libtards seem to think people triple their investments yearly and just amass this mountain of cash.
In addition, if you aren't completely braindead you know that an index fund makes way more than 6% pa
But please tell me more about how it's all the 1% fault
>>72370497
>>72370650
>The Standard & Poor's 500 is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy. The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles.
Why exactly can't you participate in that? Hedge yourself against inflation, save up for retirement, etc.
MSF student at a non target here. Got an internship this summer doing loans and asset backed securities at GM Financial. I'm hoping I'll be able to spin the ABS part of the job to get into a fixed income group at an investment bank but I'm also looking into consulting
>>72361627
I interviewed at EY for a TAS finance internship but didn't get it so I'm bummed :(
However my best friend's dad just interviewed to being a Senior Director at KPMG in the advisory division
>>72362607
You better do it bro, for all finance people in the world. Accountants are unjustly smug when finance has better opportunities and is more exciting
>>72361627
A Polack is happy that he works for a foreign company kek
btw. do they need lawyers there?
>>72361627
Not for long
>>72370844
>"""only""" 15-20% per year
index funds don't make "way more" than 6%, max you will get is probably around 8% taking into account inflation and taxes.
>>72370962
You can but you probably won't become a millionaire from that while the govt. taxes you to pay the enormous debts they have taken from the banks that issue the money and then lend it to them.
>>72369774
shut the fuck up faggot you know exactly what >>72369292 is talking about. stop trying to legitimize your kike banking system. You make up financial instruments (re: derivatives) trade them and your bets fail. then you come crying to the tax payer for a bail out. you also make up money out of nothing by fractional reserve banking. lets not even get started on the stock market, which if it werent for derivatives, QE/money injections from the FED and artificially low interest rates (NOT THE FREE MARKET HERE) the dji would be like 2,000 you would be out of a job, and banks would become irrelevant.
the free market has absolutely nothing to do with your bullshit overvaluations of tech stocks like amazon, fuck off.
p/e is off the charts and these tech IPO's are obviously a bubble.
>>72370379
Work your way up to become that private interest instead of libtard moaning on here.
You're not achieving anything.
>>72371418
You don't have to buy an index fund. There are several well-diversified funds that doesn't track an index.
>>72369774
wew wew lad
>>72364985
>>72369014
are you two fucking retarded?
audit is the opposite of data input
audit is when you take the data that some 'bookkeeper' inputted and check formulas, reconcile shit with pivot tables and shit etc etc
fucking retards
>>72369774
WEW
E
W
>>72369774
600+ TRILLION
WOWOWOWOWOW
HEHEHEHE BANKING
SO PROFITABLE
HEHEHEHE
>tfw doctor
>tfw you will never be out of work
>tfw even if the happening happens you remain useful
>>72371418
If you took 5 seconds to google you would understand that's not how ROI works.
But I really like how your numbers change once someone calls you out on them. Typical libtard.
>>72371726
is correct, index funds usually add unnecessary fees
Hold the fuck up, am I gonna be fucked with an accounting degree? Should I change my major?
the day will come when we hang these fucking banker kikes
The next generation of automation is going to wipe out the lower-paying white-collar jobs. Hell, my little department of 10 people was able to lay off 2 people this year just because of some program an Indian programmer developed.
>>72371615
how is being against the current financial system (that HEAVILY favors the people controlling it) being a liberal?
Isn't /pol/ for the """free market""".
>>72372104
Bullshit. Give it a generation. Healthcare is one of the areas where the most automation is being done.
>>72364985
I have an economics degree and I am a risk analyst
>>72361627
>Finance and account
>Unautomatable
OH KAY
>>72372130
>around 6% is somehow wrong.
>ROI somehow has anything to do with 6-8% being wrong
ok
>>72361627
>standing on the precipice of the collective goal of technology: tools that use themselves
>MUH JOBS
Humanity was a mistake.
>>72371540
You just assume that everyone who trades derivatives fail. No one is bailing me out if i lose money on derivatives. We need a central bank to control inflation. The stock price of Amazon goes up based on increased revenue, profit, calculation of future CF and so on. This isn't witchcraft.
Why do i even bother explaining. You do you. Each their own.
>>72371517
govt. taxes you to pay the enormous debts they have taken from the banks that issue the money and then lend it to them.
This whole statement is false. Using the financial crisis of 2008 as an example is not representative in grand scheme of things.
Also remember that they repay their loans.
See this: http://www.investopedia.com/articles/markets/022016/if-you-had-purchased-100-netflix-2009-nflx.asp
An example. You can do very well in the stock market if you're willing to learn some basic principles of finance.
>>72372130
You could buy ETFs if you want to avoid annual fees.
I don't even know what the fuck I'm arguing about at this point but my point is:
You are paying taxes so the govt can pay back the loans they took from the bank to bail out the banks when they get in trouble.
It's genius really.
Either go full "free market" where when a company fails it fails or go full communist where a companies losses but also the profits belong to the govt. The current system privatizes profits and socializes losses.
>>72372382
Remember when liberitarianism wasn't about opposing the financial system or government?
Yeah me neither.
>>72372813
>You are paying taxes so the govt can pay back the loans they took from the bank to bail out the banks when they get in trouble.
No, no, no. You view economics as /pol/. Capitalism, free-market this. Socialism, neo-economic Rothschild, private FED that.
It's math and contexts. No one stictly follows any economic theory from xyz nobels-prize winner or Adam Smith for that matter. No, it is not some scheme or a big conspiracy.
>>72372928
I am not opposing the govt. and I am not a libertarian. A libertarian society wouldn't work because the monetary power would end up in private hands or there would be a clusterfuck of currencies issued by banks and corporations like in the US in the 19th century.
>>72361627
>entirely based on values, rules, and parameters
>unautomatable
Poland, are you fucking stupid?
>>72362999
Those guys who lose their jobs to a computer program either learn to do your job or die.
Guess what that will mean for your qualification?
>>72373243
>No one stictly follows any economic theory from xyz nobels-prize winner or Adam Smith for that matter. No, it is not some scheme or a big conspiracy.
This is the real red pill. Modern economies are entirely based on politicians running from one brush fire to the next, always trying to stomp them out and usually failing.
>big 4
>stable jobs
LEL
They pay grads well (~$60K out of college with good bonuses) and work them to the bone, twelve to fourteen hour days. Get some moderate raises and bonus payouts. Then if you don't work yourself raw to make it to management, they cut you after three years in favor of a new wave of college kids.
My Uni's business school was a feeder to Big 4 firms and most people I know that graduated in my class (2012) are either no longer at a Big 4 company or hate their lives and are actively looking at getting out.
>>72372813
>I don't even know what the fuck I'm arguing about at this point
Every liberal. Thanks for further proving my point.
>>72373243
The fact that monetary power is controlled by private interests and not the people who it is supposed to serve might not be a conspiracy but it's true. There is no good reason to allow people who's interests are to make more money for themselves to control a system that is supposed to serve the people.
>>72373812
You still haven't told me how I am a liberal tho.
>>72373312
You have to stop viewing the world as left - right, conservative - liberal, capitalism - socialism, free-market - regulated market.
You should also avoid associating yourself with groups in general.
>I'm xyz because: this and this and that
You'll avoid having to defend theories and ideas that are flawed one way or another. They're all flawed one way or another, but you're gonna stick with your team- The team that you ''associate'' yourself with. Even if they're fundamentally wrong on this particular issue.
The last part is more a ''me to you''. Do whatever with it.
>>72373833
>pic
>>72372678
>Amazon goes up based on increased revenue, profit, calculation of future CF and so on
oh yeah im sure there is tons of "calculation", fucking liberal arts losers
none of you even pass precalculus
>We need a central bank to control inflation
whether you believe this or not, they have without a doubt failed at doing that. so we need them to exist so they can be huge failures at what they claim to "provide?"
kill yourself
>>72361627
>a pole in finance
Sure. You at least don't have to worry about automation within the toilet scrubbing business.
>>72374150
>>72373903
>You have to stop viewing the world as left - right, conservative - liberal, capitalism - socialism, free-market - regulated market.
My theories are a mix of different things. I am still reading books from different sides of the spectrum smith, del mar, etc.
In my opinion the issue of money should be controlled by the govt and banks of issue should be outlawed or atleast heavily regulated.
However I am not against capitalism and free markets even if there are some problems with them that should be regulated by the govt.
>>72374150
The current central bank is privately owned which is in part why it isn't doing what it needs to do.
>>72361627
I thought all polish people were plumbers.
wtf.
>>72361627
>Adding and subtracting, the degree
>takes advantage of arcane tax code
Trump is going to fuck your shit up. Welcome to the age of TurboGAAP
>>72374372
Read a text book about finance. Pic related if possible. All of it.
You should also pick up a book about corporate finance and valuation. Asset classes too.
>>72374853
Not a ''textbook'' textbook, but more for fun.
>>72361929
You ever think that people actually enjoy accounting and finance? Some people take general interest in it. Just because you think it sucks doesn't mean everyone else does you pleb
Inb4 accounting major
>I ain't
>>72375473
Only vidya and TV can be interesting to those people. No one raises an eye when someone likes to collect stamps.
>>72363855
Econ major here, it is pretty redpilled
>>72374853
I took around 4 finance classes and 3 accounting in college. I'll look into it thought. I'm just trying to read into the popular economic theories right now.
accounting and CPA work are much different, i understand /pol/ is a trollfest, but this is basic knowledge.
Even if pajeet programs automation, someone must audit the program etc.
>get your CPA
>get a cozy job
>>72364985
Econ major here, just got job in risk management. Good pay. Enjoyable. The jobs you described are for Econ majors with shit gpa who didn't study.
>>72365605
Idk bruh, keep in mind that Econ is more theoretical than finance if that's your gig. It's mine.
>>72375784
>popular economic theories
It's honeslty not worth it if you have to prioritize your time. I'll never speak against knowledge though.
>took around 4 finance classes and 3 accounting in college
It's not that i don't believe you, but: >>72367592 >>72369292
>>72371517 >>72372813
>>72361627
turbo tax meets AI, boom you only know math now
>in 5 years
>>72376187
I am not very good at explaining maybe
>>72374372
>In my opinion the issue of money should be controlled by the govt and banks of issue should be outlawed or atleast heavily regulated.
>However I am not against capitalism and free markets even if there are some problems with them that should be regulated by the govt.
Is my position.
>>72376376
>The banks control the issue of currency, that's the definition of owning the financial system.
>if you do finance you are most likely stealing money from society with rare exceptions.
>the govt. taxes you to pay the enormous debts they have taken from the banks that issue the money and then lend it to them.
>if you do finance you are most likely stealing money
>most likely stealing
>I am not very good at explaining maybe
Maybe.
ITT: Edge basement memes meet real life
>>72376556
maybe.
>The banks control the issue of currency.
>That power should not be in private hands because it will be used not to facilitate trade and industry but to enrich the people controlling it at the expense of encouraging trade and industry.
>If you work in finance you are part of that system.
>>72376870
https://www.federalreserve.gov/faqs/about_14986.htm
I honestly doubt that you took any courses in finance.
There is sooo much wrong.......
I'm off to bed.
>>72366769
Accounting major here.
Having a system helps, but you still need someone to check the ever-changing regulations to ensure everything runs smoothly.
>>72377450
It's not owned by the govt.
Govt can't really influence it.
It has private investors.
Somehow not privately owned because technicalities.
>>72377820
You have literally been brainwashed. Check all the related questions in the link.
This isn't funny. What the fuck.
