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Intermediate Accounting 1 and 2 and jobs

Posted on 6/18/12 at 6:08 pm
Posted by bicroundstic2008662
New Orleans
Member since Feb 2010
1527 posts
Posted on 6/18/12 at 6:08 pm
So everyone tells me that the intermediate accounting classes (1 and 2) are very important for Big 4 jobs in accounting along with a solid GPA. So I have a question. I received a C in Intermediate 1 and an A in Intermediate 2. Will the A possibly trump that C being that you need to know Intermediate 1 to even understand Intermediate 2 or is Big 4 out of the question for now? TIA
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 6/18/12 at 6:25 pm to
Good question...I hated Intermediate 1 and I'm taking Intermediate 2 right now during this summer .
Posted by reb13
Member since May 2010
10905 posts
Posted on 6/18/12 at 6:42 pm to
I know people that got C's in both intermediates and still got a big 4 internship. It is all about going to the beta alpha psi events and working the recruiters. I even know kids with a sub 3.0 gpa that got offers. Also you need to be flexible, if you want to go to Nola you need to be a cant miss recruit. But there is a lot more opportunity in Houston. I just finished the recruiting process so feel free to ask more questions.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 6/18/12 at 6:49 pm to
I am under the impression that big4 doesn't look at individual grades during recruitment. I'm not 100% though.

I got a B in both of those classes too. I only studied the night before tests because I was bored out of my mind with that stuff.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 6/18/12 at 6:50 pm to
quote:

Good question...I hated Intermediate 1 and I'm taking Intermediate 2 right now during this summer .



And you want to be an accountant?
Posted by schexyoung
Deaf Valley
Member since May 2008
6534 posts
Posted on 6/18/12 at 6:52 pm to
Most top ten public accounting firms require at least a 3.2 Accounting GPA. When we recruit that is our minimum (we ask for your overall GPA too). The major GPA is only a portion though, we consider personal/interview skills, employment and other activities outside of school.

If you didn't have a job through out college you had better have a solid GPA and be really impressive in person.
Posted by CalcuttaTigah
Member since Jul 2009
770 posts
Posted on 6/18/12 at 7:09 pm to
I will be the first to tell you that it isn't that big of a deal. Just make sure your overall accounting GPA is solid.
Posted by ladytiger118
Member since Aug 2009
20922 posts
Posted on 6/18/12 at 10:47 pm to
I preferred Cost Accounting; much easier . Plus I'm doing the Internal Audit concentration at LSU. Trying to expand my horizons so I won't be totally pigeon-holed into one accounting sector vs. another. You have to admit, Int 1 and 2 are not very fun in terms of subject matter but Int Acct it is crucial to the CPA exam.
Posted by kennypowers816
New Orleans
Member since Jan 2010
2446 posts
Posted on 6/19/12 at 11:27 am to
As others have said, I wouldn't worry about your letter grades in an individual class.

From my experience, you often might not even submit your transcript until you basically have the job locked up. So just keep your GPA up, your resume looking good and don't act like a tool. You'll be good.
Posted by yellowfin
Coastal Bar
Member since May 2006
97639 posts
Posted on 6/19/12 at 2:12 pm to
quote:

Good question...I hated Intermediate 1 and I'm taking Intermediate 2 right now during this summer .


If you hated these classes you should really think about changing your major
Posted by OceanMan
Member since Mar 2010
20019 posts
Posted on 6/19/12 at 2:26 pm to
One class grade does not knock you out of contention for Big 4, at all. A solid overall GPA will be the most important factor, also join Beta Alpha Psi if you havent already.

There are a good bit of threads that cover this on the Money board (although maybe hard to find).

I will just say that the most important thing about getting into the Big 4 is your interview; if they like you and can see themselves working with you on a daily basis, you will get an offer. Of course, your resume needs to be good enough to get that interview, but again, one grade will not make a difference. they will not look at individual grades until you have already accepted an offer.
Posted by OceanMan
Member since Mar 2010
20019 posts
Posted on 6/19/12 at 2:28 pm to
quote:

I got a B in both of those classes too. I only studied the night before tests because I was bored out of my mind with that stuff.


And you want to be an accountant?
Posted by meldawg399
nola
Member since Oct 2008
1168 posts
Posted on 6/20/12 at 11:43 am to
quote:

So everyone tells me that the intermediate accounting classes (1 and 2) are very important for Big 4 jobs in accounting along with a solid GPA. So I have a question. I received a C in Intermediate 1 and an A in Intermediate 2. Will the A possibly trump that C being that you need to know Intermediate 1 to even understand Intermediate 2 or is Big 4 out of the question for now? TIA


When I was with the Big 4, I think we looked at overall GPA and accounting GPA and didn't pay as much attention to individual classes. Advanced degrees help and leadership in BAP helps. I think we had an unwritten rule BAP Presidents always make it to the office interview.......
Posted by meldawg399
nola
Member since Oct 2008
1168 posts
Posted on 6/20/12 at 11:44 am to
quote:

Most top ten public accounting firms require at least a 3.2 Accounting GPA.


At the height of the recession mine required a 3.5 but before that it was a 3.0 to beconsidered.
Posted by reb13
Member since May 2010
10905 posts
Posted on 6/20/12 at 11:48 am to
quote:

At the height of the recession mine required a 3.5 but before that it was a 3.0 to beconsidered.


That makes sense. And like I said before it matters WHERE you are looking. Houston all the firms are growing, but Nola not really. Also as far as I know lsu does all of their recruiting in the fall. But all the Texas cities do their recruiting in the spring, so they are at a disadvantage.
Posted by meldawg399
nola
Member since Oct 2008
1168 posts
Posted on 6/20/12 at 11:51 am to
Nola's a pretty stagnant market.....knowing people helps too if you're that lucky. Either family who know partners/managers or knowing several staff 1-2 yrs. in who had class with/will go to bat for you is a big advantage too.....especially in a smaller market.
Posted by reb13
Member since May 2010
10905 posts
Posted on 6/20/12 at 11:53 am to
quote:

Posted by meldawg399 Nola's a pretty stagnant market.....knowing people helps too if you're that lucky. Either family who know partners/managers or knowing several staff 1-2 yrs. in who had class with/will go to bat for you is a big advantage too.....especially in a smaller market.


Just like Memphis, birmingham, etc. there just is not a lot of incoming business.
Posted by Tigerbait46
Member since Dec 2005
8017 posts
Posted on 6/20/12 at 8:25 pm to
I received worse grades than those in Int 1 & 2 and work at a Big 4. I'm definitely the exception, however, and don't recommend slacking in these classes. Internship experience and interpersonal skills trump grades, but the grades def get you a foot in the door.
Posted by The Future
Smallville, KS
Member since Oct 2009
22661 posts
Posted on 6/20/12 at 10:37 pm to
I had a buddy work for one of the big 4, shitty pay and long arse hours only to be laid Off after tax season because of lack of work.

You would be much better served getting a less stressful job with less hours and more pay
Posted by Tigah1
Member since Oct 2009
85 posts
Posted on 6/21/12 at 12:12 am to
Screw the B4 and get a job at Shell or BASF. Good pay, no stress and great hours! Play golf every Friday.
This post was edited on 6/21/12 at 12:18 am
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