<p>BusinessMom: I think it will be accurate enough to say that this year was really competitive/tough in terms of internship and job prospects for both juniors and seniors. It’s tough but not impossible. However, I will advise (safe to say that most will agree) that for your daughter to be successful she needs to start as early as possible in getting experience in the accounting industry. The Big 4 has leadership/externship programs solely for sophomores. She needs to take advantage of that. And gpa matters a lot for getting pick for interviews for both externship and internship. A little bit different from seniors trying to land a job. I think because there’s a lot of people who’ve applied for internship, these accounting firms have set up a control in their system that automatically rejects students below the gpa they’ve set for (some 3.0 some 3.2, I think).</p>
<p>Grades are curve and so if she studies hard enough and talks to the professor if she has question, she’ll be able to do well. UCSB has a lot of resources for accounting students. Not only the classes are extensive (we get choices from financial accounting to managerial to auditing and even forensic accounting, not to mention international accounting) but the professors teaching these classes are highly qualified in the industry.</p>
<p>I personally didn’t go for internship this year (my junior year) because I have quite a work experience that would help me get a job when I graduate next year. I’m a transfer student and before I transferred to UCSB, I was working full time while doing my transfer studies. However, my boyfriend did apply and from his experience, he was told that as much as 800 or more people applied for the internship positions, 40 people chosen for interview, and 2-5 (depending on the firm) will get the position. And this is for the whole west coast schools. He’s still waiting for the decisions. It also doesn’t help that the economy is down. But anything can happen within the time your daughter is ready for her internship/externship applications.</p>
<p>From what’s currently happening right now with the economy, one thing is sure that accountants will find a job. Currently in the news, there are accounting rule changes happening and from that the better the accounting program a student is in right now, the better they will be prepared coming out of college and landing a job. </p>
<p>I hope this info helps you out.</p>
<p>TWSA50: There are pros and cons working for a big firm and a smaller one. For big auditing firms like the big 4, you will have the chance to work on big multinational corps, which later on will help you out if you do decide to jump ships (i.e. becoming a CFO or controller for any corporation). The knowledge you get from auditing public firms is a very valuable asset to other companies. For smaller firms, you get more hands on experience with several departments and more option of choosing what you want to do (auditing to taxation) and less competitive atmosphere and more team based (a lot more contact with the partners of the firm). Regarding about the pay, its not much of a difference, its just how long you stay in which position. I wish I could show you the Robert Half 2009 Salary guide for accountants - it’s a link from my professors website and I’m not sure how you can access it if you’re not a student, you can try googling it. </p>
<p>About your question if the school prepares their students to sit for CPA exam. As a matter of fact, yes they do. Again, we have an extensive choices for accounting classes that a student can take. We even have the Accounting Info System -I think they changed it to just Info System- that is useful in learning the Access program that most big companies use or require for their accounting hire to have a knowledge of. And our professors are CPAs themselves.</p>