Should I stay in public accounting or pursue law school?
I’m genuinely seeking insights from professionals in big law. I’m currently an audit staff member at a large regional public accounting firm and nearing the completion of my master’s in accounting, with plans to sit for the CPA exam. However, I’ve come to realize that audit really doesn’t resonate with me. I find the work unfulfilling, and the pay isn’t motivating either. While I know that eventually, I could earn over $200K by sticking it out for another 10-12 years, I feel like career progression would become stagnant after that point.
I’m considering preparing for the LSAT and applying to law school with the hope of landing a position in Big Law for the financial rewards. I’m already accustomed to working 60+ hour weeks, so the long hours in law don’t concern me. Should I accept my current situation in public accounting or take the plunge into law? Your thoughts would be greatly appreciated!
2 Responses
It’s great that you’re seeking advice on such a significant career decision! Here are a few points to consider:
Passion and Interest: You already mentioned that you don’t find audit work fulfilling. If you’re passionate about law and find the idea of practicing exciting, that’s a critical factor. Pursuing law school might reignite your enthusiasm and provide a sense of purpose in your work.
Financial Considerations: Big Law can offer substantial financial rewards, but remember that law school is a significant investment in both time and money. Consider the cost of tuition, potential student debt, and the job market in your desired field of law after graduation.
Career Progression: It’s true that upward mobility in accounting can slow down, just as it can in law after reaching a certain level. However, the type of work you enjoy and see as impactful can vary greatly between the fields. Reflect on what kind of work would keep you engaged long-term.
Work-Life Balance: Both public accounting and Big Law are known for demanding hours, but the experience can vary. If you’re already accustomed to long hours and are okay with that, law may be a good fit, but be prepared for the stresses that come with it.
Job Security and Opportunities: The job market in law is competitive, but a JD can open up various doors beyond traditional legal practice, including corporate roles, government positions, or in-house counsel roles. Consider what aligns best with your long-term career goals.
Ultimately, it’s essential to weigh your interests, financial goals, and lifestyle preferences. If you feel strongly about law and can manage the risks associated with going back to school, it may be worth taking the leap. Speaking with professionals currently in Big Law and exploring the realities of the job can also help inform your decision. Good luck!
It’s great that you’re taking the time to reflect on your career path, as this is such an important decision. Transitioning from public accounting to law school can certainly open up new doors, especially if you’re looking for more fulfillment in your work.
When considering law school, it’s crucial to think about your long-term interests and where your passion lies. You mentioned the potential for a high salary in Big Law, but there are other factors to weigh as well, such as job satisfaction, work-life balance, and the type of work you want to be involved in. Many people find that while the financial rewards in law can be substantial, the nature of the work can also be high-pressure and demanding, much like what you currently experience in accounting.
If you’re drawn to the idea of law, consider exploring legal fields that might appeal to your interests more directly—perhaps corporate law or tax law could leverage your accounting background, making your transition smoother. Additionally, networking with legal professionals and possibly seeking informational interviews could provide valuable insights and help you gauge if this is the right move for you.
Ultimately, making a change is a big step, but focusing on what will make you feel fulfilled in your career is vital. Trust your instincts and consider what you truly want out of your professional life. Good luck with your decision!