Post # 1
So, I have a Bachelors in Accounting and I graduated in early 2018. I have been working full time retail as I could not find a related job and making about $14 an hr but getting a raise soon due to a good union. Its a great company and with the tuition reimbursement benefits, I started my MBA online last semester.
Now, I have been applying periodically to accounting jobs and am at the final round of interviews, not getting my hopes up or anything. But I’m getting scared of leaving my retail job, knowing I at least have an income but if I leave it might not work out. If I don’t do well there, I’ll be jobless. Also I would lose the tuition reimbursement so I would have to drop out of the MBA program until I can save enough unless i take out a student loan.
Another problem would be this opportunity is in the town next to me, so I’ll have to break my lease which doesn’t end till July and move to a slightly more expensive place as that town is a little more expensive. Besides that, its a decent opportunity, not working outside in Florida heat and I can gain accounting experience. It starts at $40K but I would essentially be paying for 2 apartments till june unless I could sublet my place.
Post # 2
- Wedding: August 2019 - City, State
I have a few questions:
- You couldn’t find even a bookkeeping job for over a year and a half, just to have relevant experience on our resume?
- Finding a job in the next town over would require you to move? Is your current town over an hours’ drive to the next one?
- Why are you only applying periodically to accounting jobs? Do you actually dislike accounting?
- Getting a simple clerk’s job would make you at least (prob more) than $14/hr., and definitely be less physically taxing than retail.
IMO, getting your MBA before having any relevant work experience would be silly. Accounting is one of the top 20 growing fields, so there are definitely jobs out there, and most anything is better than a retail job. What’s holding you back really?
Post # 3
foodie90 : To be honest, I would take the accounting job if you get offered it. I know what it is like to struggle to get that first career job out of school and it is not easy. You never know when the next opportunity will come around for you. Maybe the new job also offers tuition reimbursement, or you can push back starting your masters until you get back on your feet. Also, is it possible to get to work from your current apartment, even if it takes a little longer for a few months? Or you can try to find somebody to sublet from you. You can also try to negotiate for a slightly higher salary to help offset the costs, or they may offer you more than 40K a year.
Post # 4
misstomorris : i was doing a merchadise/retail program/internship after graduation that ended in june last year, so I just stayed after. I probably got comfortable and was slacking tbh. Unfortunately, yes, its a 2 1/2 hr drive with good traffic.
Post # 5
foodie90 : You’ve said it pretty clearly – you’re comfortable.
There’s nothing wrong with being comfortable as long as it supports both your short and long term goals. Does your current position do that?
As nice as a post-grad degree would be, it doesn’t neccessarily make you more hireable. It makes you more expensive, but this may not be viewed as worth it if you don’t have any practical experience. Don’t mistake potential career development for real career development.
If you really want to work in this field, I think you know that you should take the job. There will always be reasons not to do it (moving etc.), but those are short term inconveniences. Think about where you want to be in 5 years. Ultimately you know best.
Post # 6
Check the terms of your current company’s tuition reimbursement program. Most companies require that you stay working for the company for a certain length of time after getting the reimbursement or else you’re required to pay it back.
Post # 7
sandiegobee : not my company, that I know as it was even promoted that way when the benefit program launched
Post # 8
foodie90 : don’t get your MBA before you have done some actual work in the industry. Then you fall into the “over-qualified, under-experienced” pool of workers, which is a much harder pool to get a job from.
You need to leave retail. Period. You have a bachelor’s degree in Accounting. Why bother doing it if you want to stay in retail? $14ph isn’t a great salary, unfortunately. And with this retail climate, it’s pretty darn risky to choose to stay in it. The longer you stay, the harder it’ll be to leave.
Post # 9
I know its not good pay, im just making enough to cover rent and bills sometimes barely. I guess thats why I feel stuck.
Post # 10
foodie90 : echoing others I would try to get a higher paying accounting job before doing your MBA. I have a lot of friends and family that did their MBAs and the most successful had some experience before pursing it. It’s actually the case in most fields though – someone with experience is going to be a better employee than someone with a ton of education who has never actually done the work.
Post # 11
Another person coming to say don’t get your MBA without 3-5 years of experience minimum. An MBA is as much about networking as it is education. Getting one directly after undergrad will make you overeducated and underqualified simultaneously. And doing one online can ruin the benefits of business school, particularly if you ever decide to pivot to something more prestigious and need a big name behind you.
I have a Master of Accounting and have been working in the field for 7 years, 6ish in FP&A (the industry I happily landed in). Accounting jobs grow on trees. I have never spent more than a month or so looking for work. Get out of retail. It’s holding you back, and the longer it goes, the more hiring managers will wonder why you couldn’t find a job in a highly employable field.