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re: Accounting Majors -- Any experiences here?

Posted on 6/16/20 at 9:28 am to
Posted by UniqueNewYork
Member since Jan 2016
77 posts
Posted on 6/16/20 at 9:28 am to
The hardest classes for me were Cost but it was because I had a horrible teacher. CPA exam just takes a lot of time and dedication. I did public at 2 different firms for a total of 6 years. I moved around between audit, tax, and consulting which helped me be very well rounded. Now in private and do not miss public at all. Making way more $$ with better benefits in private.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36379 posts
Posted on 6/16/20 at 9:29 am to
quote:

The hours can be long, and the work under appreciated by both your bosses and clients.


This certainly can be true, I've found that it is pretty unique to your experience though. Some client teams have a totally toxic culture and can't keep associates long enough to become seniors. Others get along great and turnover is low and people tend to only leave for better opportunities with congratulations from their coworkers.
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 9:32 am to
quote:

I'm also fine with going industry and never becoming a CPA. Obviously my intentions are to sit for the CPA exam, but if it doesn't happen it isn't the end of the world.


Do not go into accounting without becoming a CPA. Doesn’t matter if you never do public, that credential makes you exponentially more marketable.
Posted by DeafJam73
Baton Rouge
Member since Sep 2010
19122 posts
Posted on 6/16/20 at 9:33 am to
My fiance has an accounting degree and is one test away from her CPA license. The courses were tough, but if you have a good math background and study, you should do just fine. The she was a dual major, so she had more work than really necessary. It’s a good field to get into. The money is good and job security is pretty solid. Even during the COVID situation, she had plenty of overtime and pulled in some good bonuses. The CPA is rough. It’s four exams that must be completed within 18 months. It’s a frick ton of information, most of it is irrelevant to her daily responsibilities. But when she gets licensed, she will be on track to make partner at her firm. So, take that for what it’s worth.
Posted by roobedoo
hall summit
Member since Jun 2008
1273 posts
Posted on 6/16/20 at 9:35 am to
Hey Mingo,

TX A&M, Uncle Ernie, EY.
He is in A&M PPA program.


Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36379 posts
Posted on 6/16/20 at 9:38 am to
quote:

TX A&M, Uncle Ernie, EY.
He is in A&M PPA program


He'll enjoy it, sucks it happened with all this Covid shite going on, but he'll still learn a lot.

My advice, everyone knows you don't know what you're doing, just work hard and try to learn as much as you can.
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 9:39 am to
quote:

Don't let that deter you. You might feel out of place at one of the Big 4's at that age, but in my experience there are a lot of recent CPAs that age going to work at the smaller, regional CPA firms.


Agree with this, but don’t necessarily rule out big 4. But are a regional Or local firm? You might feel out of place for a year or two but you would anyway in a new job
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 9:45 am to
quote:

This isn't really how on campus recruiting works at all.

Source: me that does on campus recruiting.


Then a lot has changed, because that is exactly the experience I had on both sides.
Posted by Odysseus32
Member since Dec 2009
9734 posts
Posted on 6/16/20 at 9:45 am to
quote:

I'm at a Big 4 in Dallas, thats what I'll tell you


If you dont mind sharing some knowledge, whats the protocol on recruiting students who may want to work in different cities when they arr in a specific city? For instance, Im at Boise State but Id very much like to move closer to home (Cenla). Id love the opportunity to work in Houston, New Orleans, Mobile, etc. But I'm sure that if a recruiter heard that they would just see a headache, if its even feasible. Would the best course of action just be to stay In Boise until I got a few years of public experience? This is all assuming that I go through the recruiting process and school smoothly, of course. I know thats not always a given.
Posted by roobedoo
hall summit
Member since Jun 2008
1273 posts
Posted on 6/16/20 at 9:46 am to
Price, Grant and RSM also recruited him out of Dallas. If you are with one of those, maybe you all were on a call together.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40185 posts
Posted on 6/16/20 at 9:50 am to
quote:

You don't go through the school to get resumes and grades and all that mostly. I know at LSU they have job postings on their recruiting type site (can't recall the name off the top of my head) but those are just links to the postings. All resumes and transcripts are going to have to be loaded onto the firms hiring portals.


Interesting. Now that I'm at a small firm, we don't have a formal recruiting process (no need). But when we are looking to hire a graduate, we work with a website called Handshake and we get resumes and transcripts directly from the local colleges (SLU, UNO, Tulane, Loyola, etc).

Then, we choose which ones we want to contact, and reach out to those students directly.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36379 posts
Posted on 6/16/20 at 9:51 am to
quote:

If you dont mind sharing some knowledge, whats the protocol on recruiting students who may want to work in different cities when they arr in a specific city? For instance, Im at Boise State but Id very much like to move closer to home (Cenla). Id love the opportunity to work in Houston, New Orleans, Mobile, etc. But I'm sure that if a recruiter heard that they would just see a headache, if its even feasible. Would the best course of action just be to stay In Boise until I got a few years of public experience? This is all assuming that I go through the recruiting process and school smoothly, of course. I know thats not always a given.


Not a big deal at all, they'll get you in touch with a recruiter from the office you'd like to go to. They'll reach out to you and fly you in for interviews if you're a good candidate.
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 9:51 am to
quote:


If you dont mind sharing some knowledge, whats the protocol on recruiting students who may want to work in different cities when they arr in a specific city? For instance, Im at Boise State but Id very much like to move closer to home (Cenla). Id love the opportunity to work in Houston, New Orleans, Mobile, etc. But I'm sure that if a recruiter heard that they would just see a headache, if its even feasible. Would the best course of action just be to stay In Boise until I got a few years of public experience? This is all assuming that I go through the recruiting process and school smoothly, of course. I know thats not always a given.


If you are a great candidate they will accommodate you. But the best way to accomplish this would be to get an internship locally, obviously show out at said internship and land a job offer. From there, negotiate your location. Every office is typically looking for new staff.

I’m speaking of Big 4 obviously, which have a national footprint.
Posted by dgnx6
Member since Feb 2006
85531 posts
Posted on 6/16/20 at 9:53 am to
I found all accounting classes relatively easy. My struggle was in the prerequisites doing subjects I don't care about and will never use again.

And the recruiting depends on your college. I feel like UNO is way more helpful to it's accounting students than LSU was. In finding jobs and internships while in school, they even do mock interviews with you, help pick out outfits for interviews. I was really impressed.
Posted by Cocotheape
Member since Aug 2015
4242 posts
Posted on 6/16/20 at 9:54 am to
1. Recruiting varies a lot by school. If you’ve got a lot of firms recruiting and the Big 4 recruiting your school, it can be overwhelming but it’s not that bad. If you have a good GPA and decent social skills you will be fine. If you don’t have the grades, just try and show a lot of enthusiasm and interest for whatever local/regional firms you like and somebody will bite.

2. Hardest class was advanced accounting/intermediate 3. The tax courses were the least enjoyable though due to just being memorization exercises most of the time.

3. Public vs industry: I’d always recommend starting in public first, but a staff position with a large corporation can be better experience than local CPA firms depending on where you want to take your career. Industry is where most everyone ends up eventually but it’s a lot easier to move up if you come in as a manager rather than a staff.

4. CPA exam is a big time commitment, try and get it done before you start working if possible.
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 9:54 am to
I have experience with both LSU and UNO and UNO had a great program for acct
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36379 posts
Posted on 6/16/20 at 9:57 am to
quote:

But the best way to accomplish this would be to get an internship locally, obviously show out at said internship and land a job offer. From there, negotiate your location. Every office is typically looking for new staff.


Personally, I'd go ahead and intern where you want to work. The biggest component of the internship is fit within the group which you obviously aren't going to get. Getting one locally and then moving for full time is better than not getting the internship at all, though.
This post was edited on 6/16/20 at 9:59 am
Posted by dgnx6
Member since Feb 2006
85531 posts
Posted on 6/16/20 at 9:57 am to
quote:

Make good grades


This isn't necessarily true. I talked to a bunch of recruiters that only cared if I passed the CPA. They didn't care I got C's in English or biology.
This post was edited on 6/16/20 at 9:58 am
Posted by dgnx6
Member since Feb 2006
85531 posts
Posted on 6/16/20 at 10:00 am to
quote:

I have experience with both LSU and UNO and UNO had a great program for acct


My dad's friend's father was head of Tulane accounting and said to do UNO. It was much cheaper and their students pass the CPA more on the first try. Don't regret it, was dirt cheap.
Posted by OceanMan
Member since Mar 2010
22637 posts
Posted on 6/16/20 at 10:01 am to
quote:

Personally, I'd go ahead and intern where you want to work. The biggest component of the internship is fit within the group which you obviously aren't going to get. Getting one locally and then moving for full time is better than not getting the internship at all, though.


It might be difficult to intern somewhere across the country. You have a lot more leverage with a job offer than when you are looking for an internship.
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