Accounting When it’s newcomers season |
- When it’s newcomers season
- A lot of posts claim that Accountants and CPA's enjoy "sky is the limit" compensation in their later career. How?
- Recruiting Season Timeline
- Feeling unmotivated and unhappy after my buddy got fired..
- Assistance with question from Intermediate 1
- Advice needed - already want to leave B4
- Accepting an Offer with a firm
- Life after college without cpa or going to big 4? (Analysts, etc.)
- How do you work when you stopped caring?
- Jumping to another Big 4 firm (advice needed)
- DUI 7 years ago, Background Check Disclosure Question
- Canadian CPA/Recruitment/Job HELP
- Underpaid?
- Taking BEC Tuesday; any last advice?
- Working in Financial Services Audit in Chicago
- Accounting and Computer Science: Major/Minor or Double Major?
- What's a realistic career path for an accounting graduate who wants to eventually work in the investments industry?
- Our Queen (0:40 second and on)
- Big 4 Tax - How many hours a week do you work during winter busy season?
- Masters, but what focus?
- PwC Background Check
- [US - CA] KPMG Phone Policy
- Exit Op Experience
- Advice wanted for big 4 internship!
| Posted: 04 Nov 2018 10:57 AM PST
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| Posted: 04 Nov 2018 07:07 PM PST Big 4 salaries are relatively modest when compared to medicine, law, and programming. Do accountants make up for the gap later in life by taking on corporate leadership positions? [link] [comments]  | ||
| Posted: 04 Nov 2018 06:45 AM PST Hi guys. Probably like a lot of other Juniors/Seniors going through recruiting season the last couple weeks, I have been obsessively checking this subreddit trying to find tips for interviews and to understand the whole recruiting process. Thankfully, it has finally come to an end and I just wanted to outline my whole recruiting season experience as it might be helpful for people down the road that check this subreddit. The whole process was very rewarding for myself. It was very discouraging at times due to the sheer amount of rejection you receive, but in the end it was all worth it. For a little bit of context I go to a target school in the northeast that is about ten minutes away from a largish city. I'm currently a senior with a 3.42 GPA who did a Corporate internship last summer with a F500 company. I basically had no leadership experience besides some volunteering I did earlier in college that I tried my best to exaggerate in interviews. All of the interviews I got were through my school's job board website. My goal was to land a big 4 job in audit. 9/14 - My School's Business Career Fair Pretty much your typical college career fair. Long lines with the big 4, small lines with smaller firms. The big 4 booths were all staffed with interns that worked at the firm from the summer. I sort of felt like even talking to them was a waste of time so instead I focused on speaking with firms like GT, BDO, Baker Tilly, and smaller regional firms. Nothing too exciting happened here besides getting some business card and just introducing yourself to recruiters and staff. After the fair, I followed up with everyone I had spoken to and let them know that I had applied to jobs they had available. Over the next few weeks, I found myself with several on campus interviews that I did nothing to get besides applying to the firm's online posting on my school's job site. 9/28 - Interview #1 Firm: Small Regional Position: Audit Associate First public accounting interview... Def bombed it lol. I knew I came across as super awkward and nervous. I'm a pretty quiet/shy/introverted person and let my nerves get the best of me. Have never heard back from this firm. 9/30 - Interview #2 Firm: EY Position: FSO Assurance Associate EY's first round of interviews this year were all prerecorded video interview questions and I knew right away that I had bombed them lol. I thought the questions they asked were pretty difficult and there's just something awkward about looking at yourself in your webcam. Heard back a few days later that i got rejected. 10/2 - Interview #3 Firm: Deloitte Position: Risk and Financial Advisory Associate Deloitte consisted of two 30 min on campus interviews back to back for the first round. Was very conversational and the two interviewers did the large majority of the talking. It felt as if they were just trying to sell Deloitte to me the whole time. Thought the interview went ok and was sort of expecting to get an invite to the second round. Nope. Rejected about a week and a half later. 10/4 - Interview #4 Firm: KPMG Position: Audit Associate Like Deloitte it consisted of two back to back 30 min on campus interviews with a partner and senior manager. Definitely what I thought was my best interview yet and was told at the end of the interview that they would be making decisions that same day. Three weeks went by and I still did not hear back from KPMG until I got a rejection email. However we'll be revisiting KPMG later. 10/5 - Interview #5 Firm: Regional firm with large presence in my city (~200 total staff) Position: Tax Associate I had been in regular contact with this firm ever since the career fair and I thought that it was my best shot yet. All the staff people I had spoken to seemed to like me and I could tell that I was making the best effort out of all the other candidates to get to know everyone at the preinterview social. Interview with a tax partner who came across like a super villain. He was super cold and really turned me off from the firm. Didn't matter in the end because a few days later my candidacy was rejected. 10/5 - Interview #6 Firm: CohnReznick Position: Audit Associate Second on campus interview of the day. I honestly loved my interviewer. We talked a ton about the NFL and college sports and he seemed like a really cool guy. Interview went well and I got my first invitation to the second round of interviews. However the closest office the firm had to me was about 4 hours away, so I ultimately rescinded that offer. Not sure why I even interviewed with them in the first place. 10/9 - Interview #7 Firm: PwC Position: Risk Assurance Associate Interview with a partner from the local office. First time I thought like I genuinely killed it in an interview. By the 7th one, I felt like I was finally getting the hang of interviews. Got called back two days later saying that I would be invited to the final round of interviews which would be conducted with a partner from another city via Google Hangouts. I got to meet with a lot of the staff at my city's office and they were all super kind and from what they were saying it seemed like they had several positions that needed filled. Thought this was a lock and I was super excited. More on PwC later... 10/10 - Interview #8 Firm: BDO Position: Audit Associate On campus interview which was all conversational and resume based. The recruiter was very impressed with my questions I had for her. Once again I thought I killed it. Found out the same day that I would be invited to an office visit the following week. More on BDO later. 10/11 - Interview #9 Firm: BKD Position: Audit Associate After my previous interviews this week, I came in to this one super confident. The recruiter I interviewed with on campus seemed like a great guy and we talked about the NFL pretty much the whole interview. Found out the next day that I would be invited to an office visit that would take place the following week. 10/16 - Interview #10 Firm: BKD Part II; Office Visit Position: Audit Associate Myself and about 10 other kids were there for the office visit. About half of them were interviewing for internships. Thought the interviews with the two partners went very well. Both were thirty minutes and conversational where I seemed like I was asking most of the questions. After the interviews, we all went to lunch with some of the staff. Overall, a pleasant experience but I did not walk away super confident. Heard back about a week later with a rejection email. 10/19 - Interview #11 Firm: PwC Part II; Google Hangout Position: Risk Assurance Associate Interviewed with a partner for about 30 mins via Google Hangout. Thought it was my best interview yet. I walked away from it thinking I had to got a job offer from PwC and I couldn't have been happier. At the end of the interview, the partner had said that this went very well and he looked forward in being in touch with me. I followed up with a thank you email that same day and he replied back in about 5 mins thanking me for my time saying that I had a bright future ahead of me. A few days later, I got the rejection email. I was honestly devastated at this point and thought my chances of finding a public accounting job were 0. At this point, I only had one more opportunity with BDO. 10/23 - Interview #12 Firm: BDO Part II; Office Interview Position: Audit Associate Myself and about 25 other kids were at the office for two back to back 15 minute interviews that all took place in the same room. It was kinda odd as I could hardly hear my interviewer with all the noise in the room. Thought my first interview went very well. Once again we talked about football the whole time and from my resume we found out we had a mutual acquaintance that we talked about. Second interview was kinda weird. The interviewer did not speak english very well and was very cold. Walked away from this experience feeling ok about it. As of 11/4, I still have yet to hear back so I'm assuming that's not a good sign. Now at this point in the recruiting process, my morale is at an all time low. I've gotten rejected 9 times and I felt like my chances at working in public accounting were non existent. I went home to visit my family because I felt so sad about not being able to find a job, especially when I thought I had one guaranteed with PwC. I didn't know what to do and was basically banking on either getting good news from BDO, or hoping some opportunities would reappear during Spring recruiting. That's until I got an email from a KPMG recruiter on 10/30. The email said that they could not offer me a position in audit, but if I were interested I could come in for an interview for either Tax or Advisory, as they still needed to fill some positions. I said I would like to interview for Tax and the interview was scheduled for 11/2. 11/2 - Interview #13 Firm: KPMG Part II; Office Interview Position: Tax Associate Back to back 30 minute interviews with a partner and senior manager. Overall, they were pretty behavioral and I got the chance to ask a lot of questions. I thought the interviews went pretty well, but not my best. Did not feel all that great walking out because I felt like I squandered my last chance. A few hours after the interview the partner called me and told me I would be receiving an offer. I probably sounded like an idiot over the phone because of how excited I was. Recruiting was finally over, and although it was not my first choice, I couldn't be happier to be able to work for a Big 4 firm (at least for now lol). Overall, the recruiting takes a lot out of you and the rejection sucks. However, it's very rewarding in the end even if you just improve your interviewing skills for the next time around. Wish everyone the best as they go throughout the process. [link] [comments]  | ||
| Feeling unmotivated and unhappy after my buddy got fired.. Posted: 04 Nov 2018 07:14 PM PST Post is kind of summed up in the title but I'm feeling pretty shitty after one of my best friends from work was fired out of the blue recently. Everyone knows that work is work but when you have a few people you can relate to it makes it a hell of a lot better which is why I'm struggling with it. Do any of you have similar experiences or advice for how I can approach this and move forward? [link] [comments]  | ||
| Assistance with question from Intermediate 1 Posted: 04 Nov 2018 08:12 PM PST "When are sales recognized when returns of merchandise are material and reasonably predictable?" I can't make sense of this question. Wouldn't the sale be recognized...on the date of the sale? Seems too simple to be the answer. I know we set up an allowance account with an estimate of what we expect to be returned (which is a % of the sales revenue), but how would that affect when we recognize the sale? [link] [comments]  | ||
| Advice needed - already want to leave B4 Posted: 04 Nov 2018 08:24 AM PST I hope this doesn't come across as me bitching, but I want to lay out my situation and get some good advice. I started in B4 audit 3 months ago and I don't think I've ever been more depressed and anxious in my entire life. I can't enjoy my evenings/weekends because all I think about is work and how I have to go back. Here are the reasons why I hate this job:
If I'm already this miserable, I don't know how the fuck I'm going to make it through busy season. I can't believe that I ever thought I would be cut out for this job. My plan is to try to stick it out for a year, but I don't even know if I will be able to do that, depending on how busy season goes. All I want out of a job is to work my 40 hours and go home. I don't give a fuck about being rich. I don't want to be a leader. I think I would be fine making 50-70k for the rest of my life because I don't want kids. Has anyone else felt this way? Did it get better, or did you leave? And to those that did leave, any recommendations on what I should do? I'm thinking I should either look for a government job or staff accountant role in industry. Once I have that, I'll make it clear that I'm not interested in being promoted. Or perhaps I am just not cut out for accounting at all? Any advice would be appreciated. [link] [comments]  | ||
| Accepting an Offer with a firm Posted: 04 Nov 2018 09:08 PM PST Hello Everyone, I'm a new member to reddit and first time poster to this forum. I'd like to ask for a little perspective and guidance on an issue I'm having. I recently received an offer for a summer internship at a firm I really want to join in CA. It's a mid-tier firm. I have accepted my offer letter, but the rest of the offer is contingent on a background check. Here's the honest truth. I was arrested for DUI in another state, in 2011, one month away from the sentencing day. I have not any brush with the law since, other than a speeding ticket 3 years ago. I haven't even drank since, not do I want to. How should I disclose this? Should I disclose this? If I do will I get rejected? Has anyone had experience with this matter? Should I report this to the third party background researcher or the recruiters at the firm? Any advice or help will be much appreciated. Thank you. [link] [comments]  | ||
| Life after college without cpa or going to big 4? (Analysts, etc.) Posted: 04 Nov 2018 01:56 PM PST i just kind of want a summary of everyone's life after college if they didn't get CPA or didn 't go to big 4 and salary, etc. [link] [comments]  | ||
| How do you work when you stopped caring? Posted: 04 Nov 2018 04:42 PM PST Genuine question. I have gotten to the point where I stopped caring about work. I recently was burning out at B4 but luckily got to go on PTO for a few weeks thinking it would rejuvenate me. Prior to leaving I stopped answering calls and just pushing out work. Going back to work tomorrow and feel 0 motivation. Don't care about firm, client, actual project, team, etc. I don't know how to meet minimum expectations when I don't care at all. I feel like doing my 8 hours and that's it. [link] [comments]  | ||
| Jumping to another Big 4 firm (advice needed) Posted: 04 Nov 2018 05:37 PM PST Hey all, I'm currently a third year audit associate at one of the Big 4 (the one that normally promotes to senior after 3 years) in a decent sized midwest market (not Chicago). I've had good reviews and no negative feedback my first 2 years at the firm, I don't mind my clients and I get along well with my teams. However, I've been working way too many hours all summer - late nights and weekends since July. I've done great in keeping my physical and mental health in good shape since I've been here, but the last 4 months have really taken a toll on me and broken me. I was assigned as the head senior on a couple of 6/30 year-end jobs that I did in the prior year, where there hasn't been a consistent manager (spun to me as a "great opportunity" - really a way for the firm to get senior work out of well-performing third year associates while paying an associate salary). There were client issues on my 6/30 jobs as well as my normal 12/31 jobs that added a lot of extra hours that mostly fell on me, so I've had a ton of extra work on top of my fully booked schedule. My 12/31 managers know I've been really busy and have been understanding in letting me push back work where possible, but this just means that I'll be playing catch up on this work until the end of the year. Basically it means I've been working year-end hours since July and it won't slow down until after year-end in March. A couple weeks ago I was going through a really rough patch, got a message from another Big 4 recruiter in my market late at night, and followed up. I went through the interview process pretty quickly and they extended me an offer to start as a senior associate (nice pay bump, promotion, and a bonus). I was up front with why I was leaving and they assured me they'll make sure I have a normal workload, outside of year-end (I know this assurance is no guarantee). This would also give me a couple weeks between jobs to recharge, unwind, and get my life back together. When I accepted the offer and put in my notice to my current firm, all of the managers and the partners that I work with were apologetic that it got this bad for me and sad to see me go. They all had personal talks with me to try and get me to stay (there isn't really an abundance of availability in the market right now - I'd get replaced and life would go on but the teams might hurt for a bit). They offered to accommodate me in any reasonable way to convince me to stay, including redistributing my work and taking some time off before year-end. I promised them I'd reconsider over the weekend but it wouldn't be likely, and I know if I rescind my acceptance it would burn bridges permanently with the new firm (doesn't really matter that much). I'm really torn about this as I like my teams and I don't mind the firm or public accounting in general. I got unlucky in a situation that would have been hard to prevent before it happened - I don't really feel like it was anyone in particular's fault. On the other hand I'd jump forward a year of progression in my career and get a fresh start - with the flip side being that I'd have to rebuild my connections in the firm and learn all of their systems/practices in a short period of time. I'm not ready to leave the Big 4 yet, as I want to progress a little further and have better exit opportunities. I'm looking for any input from anyone who has been in a similar situation before or know people that have - jumping between Big 4 firms into the same line of service. I don't know of anyone personally who has done it and have no one to talk to for advice about this. Any help would be appreciated. TL;DR - Unhappy with the tough hours for a long period of time with current Big 4, looking to make the switch to another. Would include a promotion and pay bump. Need input/advice on my situation. [link] [comments]  | ||
| DUI 7 years ago, Background Check Disclosure Question Posted: 04 Nov 2018 09:18 PM PST Hello Everyone, I'm a new member to reddit and first time poster to this forum. I'd like to ask for a little perspective and guidance on an issue I'm having. I recently received an offer for a summer internship at a firm I really want to join in CA. It's a mid-tier firm. I have accepted my offer letter, but the rest of the offer is contingent on a background check. Here's the honest truth. I was arrested for DUI in another state, in 2011, one month away from the sentencing day. I have not any brush with the law since, other than a speeding ticket 3 years ago. I haven't even drank since, not do I want to. How should I disclose this? Should I disclose this? If I do will I get rejected? Has anyone had experience with this matter? Should I report this to the third party background researcher or the recruiters at the firm? Any advice or help will be much appreciated. Thank you. [link] [comments]  | ||
| Canadian CPA/Recruitment/Job HELP Posted: 04 Nov 2018 06:40 PM PST I'm about 8 months from finishing my Bachelors of Commerce from Athabasca Univeristy, which is a correspondence University in Canada. My GPA is currently at 3.7. Because there is no physical campus, there are no job fairs or recruitment opportunities. How much is this going to hurt me once I start applying for jobs? I currently work fulltime at a law firm managing their accounts (for 3 yrs) so I do have some experience but not much. I'm so worried that come time to apply after graduation, I'm going to be screwed. Like really screwed. I've made no contacts, and I have no idea how to get started except for sending emails to every firm in the area basically being like "hi! Whats your recruitment/hiring process, can I apply" which I feel like will get me no where. I was thinking if I don't get hired after graduation, I would just do the CPA Pep while keeping my current job, and that may give me an edge once I've completed it. Any advice or suggestions on what my next steps should be would be so appreciated! [link] [comments]  | ||
| Posted: 04 Nov 2018 06:33 PM PST Background: Small firm (2 partners, 4 full time employees, 1 part time); small town in the Deep South Sorry for this wall of text, but I feel like all the details are relevant. I started as the only employee in their payroll company 6 years ago with a bachelors in int'l business at $25,000/year. After a year, I started working part time on the accounting side as well helping with bookkeeping and tax season for the partner that owned the payroll company. At this time I decided to go back to school and get my accounting degree. They allowed me to take classes during working hours as long as I made up the hours and I graduated in 2015. I knew they would never voluntarily move me to the accounting side because I did my job very well for very little money ($27,500/year) so I started looking for other jobs. I was offered $35,000/year from a state job. My boss didn't want me to leave so he matched the offer and made a staff accountant position for me and I started at the beginning of 2016. The person they hired to replace me at the payroll job didn't cut it so from May - July 2016 I also did the payroll job (they did pay me extra for that time.) I started studying for the CPA exam after tax season in 2016 and they allowed me to study for the exam during work hours as long as all my other work was done. In 2017 our receptionist left so from May - August of that year I helped do that job along with my coworkers and studied while I did the receptionist job. The first two tax seasons were busy and tiring but not unbearable, but last tax season was awful. From the 2nd week in January until the end of February it was "normal" tax season hours (every Saturday, some Sundays, coming in 2 hours early, staying at least an hour late.) but starting March 1st, I came in 4 hours early and stayed at least an hour late every day of the week. My boss gave me a $5,000 raise after tax season but I'm not sure if that's for a project I worked on or a raise conditional on passing my exam. I also got $1,500 tax season bonus. I passed my exams in September of this year and was reimbursed for everything I spent on taking them. So now I've got my license and I make $40,000/year. This tax season I expect to work more than I did during the last one because we've acquired two other accountants' tax clients. Is this normal or am I underpaid? I don't want to be greedy because they have been accommodating for school and the exam, but I also don't want to sell myself short while killing myself during tax season. [link] [comments]  | ||
| Taking BEC Tuesday; any last advice? Posted: 04 Nov 2018 07:50 PM PST | ||
| Working in Financial Services Audit in Chicago Posted: 04 Nov 2018 07:33 PM PST Accounting brothers and sisters, I have an offer from a national firm in Chicago (GT/BDO/RSM) where I would work specifically in the Financial Services group. I have another offer from a slightly smaller firm where there is no specific industry that I would start in. I was originally pretty set on the first offer but have been reading that auditing in financial services can be a nightmare. Can anyone share any personal insights of auditing in financial services? Would I be limiting myself in the future by specializing this early? Thanks! [link] [comments]  | ||
| Accounting and Computer Science: Major/Minor or Double Major? Posted: 04 Nov 2018 10:42 PM PST I'm currently attending a state university, and I'm blessed enough to have full ride scholarship. So, I was thinking I might as well take up something along with accounting. I went in undeclared, but I knew I'd probably end up majoring in accounting anyways. My advisor recently told me I need to declare a major at the end of semester because I came in with some credits from high school. A little background with accounting. I took an intro course after I dropped a class. I remember thinking I'll probably hate this, but I ended it up loving more than anything. Our teacher wanted us to learn the "old-fashion way," so we did everything on paper. But, I think that made me appreciate the process more. Going through the accounting cycle was so much fun, and I learned that my strong point is working with data. I also took a computer programming class after that. I also really liked learning the basics of coding and programming, making basic HTML web pages and making certain things work. After analyzing my university's majors list, I've assured myself that I see myself with a future in accounting. I liked it a lot in high school, so I might as well major in it. But, I'm really interested in seeing how computer science. But, after reviewing my university's requirements, I'm a little hesitant. It would be a big commitment seeing that I'll have to take three other math classes (Calc 2, Applied Linear Algebra, and Math Foundations of CS). In addition, it'll be a bunch of computer science along with my business/accounting classes. But, on the other hand, I keep saying if I stick it out, I'll have two degrees to fall back on. Or should I just major in accounting with a minor in computer science. Will I be ok doing this? I'm honestly just a little lost, but any advice will be greatly appreciated. Thanks! [link] [comments]  | ||
| Posted: 04 Nov 2018 10:00 PM PST Assuming non-target school, fresh grad with accounting degree, and willing to spend x amount of years in a formal accounting firm before possibly transferring over to investments. Examples of investments industry would be: equity analyst for pension funds, investment groups, big banks, etc. [link] [comments]  | ||
| Our Queen (0:40 second and on) Posted: 04 Nov 2018 09:58 PM PST
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| Big 4 Tax - How many hours a week do you work during winter busy season? Posted: 04 Nov 2018 11:19 AM PST | ||
| Posted: 04 Nov 2018 09:50 PM PST I'm finally going back for my MBA (need the other 30 credit hours to sit for the CPA anyway, might as well). I would've liked to do something with IT/comp science, but obviously I don't have that background with a BBA, major in accounting. I met with an admissions director, and she suggested a focus in business analytics might be a good fit. I don't know anyone with an MBA, let alone someone with this focus. Anyone have any thoughts/advice? [link] [comments]  | ||
| Posted: 04 Nov 2018 09:46 PM PST Hey guys, I'm curious about what things Big 4 Firms May rescind an offer for on a background check. I have a felony assault and DUI conviction (unrelated incidents) from 2013, shortly after leaving military service. Obviously this is significant, and I expect to have to explain the events, but I have never been in trouble otherwise, and I have completed all requirements I had from it. How worried about this should I be? [link] [comments]  | ||
| Posted: 04 Nov 2018 09:37 PM PST I will be joining KPMG's tax group as a senior in the next couple of weeks, which means I will be leaving my current firm where the firm provided phone has doubled as my personal phone. Just wanted to see if it would be possible to buy a new phone now and then I can use that with KPMG and have them reimburse me each month for the network/data charges, or if I'm required to get a phone through them. TIA [link] [comments]  | ||
| Posted: 04 Nov 2018 05:38 PM PST For those who left as senior or had friends who left as senior; did you find that it was better leaving for their desired industry in a decent role, or not their desired industry in a better role? I'm currently trying to decide between an FP&A role at a distribution company, and a Senior Analyst role at a financial services company ( more desired industry.) Is it hard changing industries after the initial exit into industry jobs? Thanks! [link] [comments]  | ||
| Advice wanted for big 4 internship! Posted: 04 Nov 2018 05:16 PM PST I am accepting an offer to intern for Deloitte as an audit intern for the spring of 2019 and was wondering what advice anybody might have for me! And also thanks for everybody for their help during this whole recruitment process! That shit is stressful [link] [comments]  |
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