Skip to content
AICPA-CIMA
  • AICPA & CIMA:
  • Home
  • Engage 365 Communities
  • CPE & Learning
  • My Account
Journal of Accountancy
  • TECH & AI
    • All articles
    • Artificial Intelligence (AI)
    • Microsoft Excel
    • Information Security & Privacy

    Latest Stories

    • Improve your Windows 11 productivity using Microsoft PowerToys
    • 4 Excel features that make reviewing large spreadsheets easier
    • Accounting ethics in the age of AI

  • TAX
    • All articles
    • Corporations
    • Employee benefits
    • Individuals
    • IRS procedure

    Latest Stories

    • Sixth Circuit holds home-distilling ban is constitutional
    • TIGTA: IRS unable to prevent $213 million in improper EITC payments to individuals with nonwork SSNs
    • Motion for a more definite statement denied
  • PRACTICE MANAGEMENT
    • All articles
    • Diversity, equity & inclusion
    • Human capital
    • Firm operations
    • Practice growth & client service

    Latest Stories

    • FASB proposes several incremental improvements to GAAP
    • Sixth Circuit holds home-distilling ban is constitutional
    • TIGTA: IRS unable to prevent $213 million in improper EITC payments to individuals with nonwork SSNs
  • FINANCIAL REPORTING
    • All articles
    • FASB reporting
    • IFRS
    • Private company reporting
    • SEC compliance and reporting

    Latest Stories

    • SEC proposal aims to clarify securities rules for crypto assets
    • SEC eyes e-delivery as the default over paper
    • SEC shares 3 goals in proposed 2026–2030 strategic plan
  • AUDIT
    • All articles
    • Attestation
    • Audit
    • Compilation and review
    • Peer review
    • Quality Management

    Latest Stories

    • New AICPA guidance on stablecoins, mining revenue, current auditing standards
    • ASB approves standard on auditors’ responsibilities relating to fraud
    • SAS 149 is coming: What audit teams need to know
  • MANAGEMENT ACCOUNTING
    • All articles
    • Business planning
    • Human resources
    • Risk management
    • Strategy

    Latest Stories

    • Data governance: How finance builds trust in the numbers
    • Are finance leaders moving too fast on agentic AI?
    • How to handle increased enforcement of unclaimed property notices
  • Home
  • News
  • Magazine
  • Podcast
  • Topics
Advertisement
  1. newsletter
  2. Cpa Insider
CPA INSIDER

How to bounce back from a career setback

The key is having a survival plan.

By Teri Saylor
January 29, 2018

Please note: This item is from our archives and was published in 2018. It is provided for historical reference. The content may be out of date and links may no longer function.

Related

January 16, 2018

How to negotiate from a disadvantage

January 16, 2018

Delegating like a boss

December 12, 2017

How to make a great first impression

TOPICS

  • Professional Development
    • Communication

Whether it’s a layoff, a failed project, being passed over for a job or promotion, or even being fired, most CPAs will experience a setback at some point in their careers. By taking the right steps, however, they can recover from these events and even come back stronger than before.

Joseph Rugger, CPA, CGMA, who spoke about learning from failure at the 2017 EDGE Experience conference in New Orleans, estimates most CPAs will experience three or four defining moments in their careers. “The high achievers will recognize these defining moments and bounce right back,” said Rugger, director of accounting at Jonesboro Prosthetic & Orthotic Laboratory of Jonesboro, Ark.

Rugger and career experts offer the following tips on resilience and survival:

  • Take time to reflect. Often when people suffer a setback, they either go into a depression or they try to rebound immediately, said Joyce E. A. Russell, Ph.D., the Helen and William O’Toole Dean of the Villanova School of Business in Villanova, Pa. “It is better to take some downtime and avoid doing anything rash, like lashing out in anger,” she said. “Instead, take deep breaths. Go for a hike. Get some exercise. Do something you enjoy.”
  • Create a survival plan. First, determine what happened and take some time to grieve, Russell advises. Then compartmentalize your emotions and create a plan for moving on. “Set some goals and objectives, and work on your relationships,” she said.  “It’s hard to admit failure, but if you have people in your life you can trust to open up to and goals for moving forward, you can bounce back.”
  • Own your career—including your mistakes. “Take ownership of your situation,” said Rugger, a graduate of the AICPA Leadership Academy. For example, he said, “if you get laid off, learn what signs you might have ignored, own the mistakes you made, get better, and know that you are in charge of your career. Do your best to figure out how to respond when you find yourself facing similar challenges in the future.”


    The same goes for setbacks in which you may have played a part. “Facing disciplinary action or losing your job is typically not a lightning bolt out of the blue,” said Bruce Clarke, president and CEO of Capital Associated Industries of Raleigh, N.C., a not-for-profit organization for employers. “Take all of your defenses down and put them away. Learn all you can about what happened, and think about how to improve.”

  • Polish your skills. A setback can signal that you need better communication or relationship skills, according to Russell, who advises CPAs to seek feedback on what they need to work on.


    Rugger recommends being purposeful and strategic with continuing education. Pursue it even if your organization won’t pay for it, Rugger said: “Do spend the money to get the skills you need, even outside the traditional accounting skill set.”

  • Develop a support network. A strong support group that includes mentors, trusted friends, family members and even professional career coaches can help you stay focused and positive in the face of setbacks or failures.


    “Build your networks, hone your relationships and be proactive about seeking out mentors, both inside and outside your employer and your profession,” Russell said. “Become active in a state CPA society or the AICPA, and take advantage of opportunities to network and build your leadership skills.”

To give yourself confidence going forward, recall obstacles you’ve overcome in the past. As Rugger noted, CPAs all have one major accomplishment in common: They’ve passed one of the most difficult professional licensing exams out there. “We come from a place of resilience,” he said.

Advertisement

Teri Saylor is a freelance writer in Raleigh, N.C. To comment on this article or to suggest an idea for another article, contact Courtney Vien, a senior editor for magazines and newsletters at the Association of International Certified Professional Accountants.

Advertisement

latest news

September 2, 2026

FASB proposes several incremental improvements to GAAP

August 31, 2026

IRS enforcement activity fell despite record tax collections, TIGTA says

August 28, 2026

Why many Americans don’t retire on their own terms

August 25, 2026

IRS should automate name, address changes, AICPA says

August 25, 2026

New AICPA guidance on stablecoins, mining revenue, current auditing standards

Advertisement

Most Read

4 Social Security rules that surprise clients — and some advisers
4 Medicare rules that surprise clients — and some advisers
Real-life ways small firms use AI
IRS updates overtime deduction FAQs, adds reporting details
Final rule will eliminate BOI reporting for US entities
Advertisement

Podcast

August 27, 2026

Finance’s chemistry lesson: The guardian-to-catalyst transformation

August 20, 2026

An innovative state society CEO and her view of accounting’s future

August 13, 2026

AI gets the headlines, but it’s not the whole story for finance leaders

Features

How CPAs can expand from tax into personal financial planning
How CPAs can expand from tax into personal financial planning

How CPAs can expand from tax into personal financial planning

A recipe for sanctions: AI-hallucinated citations in tax
A recipe for sanctions: AI-hallucinated citations in tax

A recipe for sanctions: AI-hallucinated citations in tax

2026 tax software survey
2026 tax software survey

2026 tax software survey

A CPA playbook to help prevent disaster fraud
A CPA playbook to help prevent disaster fraud

A CPA playbook to help prevent disaster fraud

Strategic planning for tax advisory
Strategic planning for tax advisory

Strategic planning for tax advisory

SPONSORED REPORT

Agentic accounting has arrived: What’s hype and what’s real?

Artificial intelligence (AI) is moving beyond chatbots and into accounting workflows. A new generation of agentic AI tools can plan, execute, and adapt as they complete tasks, raising expectations for what automation can do inside firms and finance departments. What can agentic AI realistically do today and what challenges are there in its implementation? Find out in this Journal of Accountancy sponsored report.

From The Tax Adviser

August 31, 2026

What today’s clients expect from their CPA and how firms are responding

August 31, 2026

2026 tax software survey

August 31, 2026

A risk framework for AI use in tax administration and preparation

July 31, 2026

Current developments in S corporations

MAGAZINE

September 2026

September 2026

September 2026
August 2026

August 2026

August 2026
July 2026

July 2026

July 2026
June 2026

June 2026

June 2026
May 2026

May 2026

May 2026
April 2026

April 2026

April 2026
March 2026

March 2026

March 2026
February 2026

February 2026

February 2026
January 2026

January 2026

January 2026
December 2025

December 2025

December 2025
November 2025

November 2025

November 2025
October 2025

October 2025

October 2025
view all

View All

http://JofA_Default_Mag_cover_small_official_blue

PUSH NOTIFICATIONS

Learn about important news

This quick guide walks you through the process of enabling and troubleshooting push notifications from the JofA on your computer or phone.

CPA LETTER DAILY EMAIL

CPA Letter Logo

Subscribe to the daily CPA Letter

Stay on top of the biggest news affecting the profession every business day. Follow this link to your marketing preferences on aicpa-cima.com to subscribe. If you don't already have an aicpa-cima.com account, create one for free and then navigate to your marketing preferences.

Connect

  • X Logo JofA on X
  • facebook JofA on Facebook

HOME

  • News
  • Monthly issues
  • Podcast
  • A&A Focus
  • PFP Digest
  • Academic Update
  • Topics
  • RSS feed rss feed
  • Site map

ABOUT

  • Contact us
  • Advertise
  • Submit an article
  • Editorial calendar
  • Privacy policy
  • Terms & conditions

SUBSCRIBE

  • Academic Update
  • CPE Express

AICPA & CIMA SITES

  • AICPA-CIMA.com
  • Global Engagement Center
  • Financial Management (FM)
  • The Tax Adviser
  • AICPA Insights
  • Global Career Hub
AICPA & CIMA

© 2026 Association of International Certified Professional Accountants. All rights reserved.

Reliable. Resourceful. Respected.