Everything you wanted to know or should know about accounting

<p>sounds like your son likes E&Y, the recruiting process seems pretty cool.</p>

<p>let us know if he gets the job</p>

<p>ok so i’m so confused right now.
i’m a college freshman and after this year my GPA will be like a 2.8-2.9. (i had swine flu in the beginning of the year and i was in and out of hospitals :frowning: ) i was also a bio major at LSU now i changing to accounting.
with that GPA i cannot transfer to UT(Texas). They take ppl with a 3.4+, and their business school takes ppl with 3.8+
since i will have like 42-45 hours, it is going to be so hard to bring my GPA up.</p>

<p>I really want to stay in Austin so i’m going to go to St. Edward’s for accounting.
the problem is that they are not AASCB accredited, they are only a member (whats the diff?).
WHAT AM I GOING TO DO? i want a really good job offers, great job offers at that, and i feel like St. Edward’s is going to hold me back (it’s such a small school and not a B school).
since accounting is 5 years undergrad, should i transfer to UT after 3 yrs of undergrad (one year would be from LSU) and then finish my last 2yrs there.
is this all wrong? i’m majorly confused, mostly cuz my school is only a member of AACSB and not really well known. and i also i want to be able to bring my GPA up to be able to have some time left to attend UT. (i heard the more hours you have the harder to move your GPA up)</p>

<p>sry this is long, i just need some help. i’m sad and confused.</p>

<p>Manayy</p>

<p>I started this problem for you on the UT section. I’m sorry for that. I posted that about AASCB to show another poster (who I don’t particularly care for) that he doesn’t know what he is talking about. I didn’t meant to cause you problems. Others here can fully address the AASCB thing. All I ever meant to do was call someone out for an incorrect statement. Why he haunts the UT board, I’ll never know. </p>

<p>As far as UT’s MPA program, your GPA will be figured on your last two years of undergrad. You mention wanting to pull it up. You also state you have two years left. In a way, this gives you a clean slate. Do your best at St Eds for two years and you’ll set yourself up nicely for a masters at UT. Also, if you decide to go elsewhere, other schools do the same thing. Illinois and North Carolina for example. However, I don’t know if all, or even most, universities do it that way.</p>

<p>Congratulations to your son for securing all 4 big 4 interviews. That’s quite a feat. He must be the brightest kid in all his classes and for that matter the whole business school, which must be one of the top accounting schools, to accomplish such a thing.
Really, you have to be brain-dead to not be able to hold a conversation and be social with big 4 recruiters.</p>

<p>I know qualified, worthy people who were not able to secure a single interview with the big 4 during their junior year. Sucks to know that all the big 4 firms are so concentrated on particular schools that every one of them can offer interviews to one student at a top school and they cannot offer even one interview to a student at a lesser known school. </p>

<p>So concentrated.</p>

<p>his son probably had a 4.0 all through college.</p>

<p>:] very nice thread to read through, even though its a lot. My question is:</p>

<p>If I graduate with an undergrad degree in accounting in the Chicago area, is it easy to get a job at a big 4 company in say, San Francisco? Or do graduates typically just stay in the area they graduate from?</p>

<p>Thanks.</p>

<p>From what I can see, if you’re an all star candidate, good grades, outgoing, good worker, you can go anywhere. If only that was so easy…</p>

<p>joshyclavat,
Well, first of all you have to get a job in Chicago and then, after you will have some experience in big 4, you can transfer to any state and even go to another countries to work at their branches.</p>

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<p>He’s not the top student in his program by a long shot, but he has done well in school (he had to to get into the program he’s in) and he has done some things “right” along the way in terms of what his resume looks like, things the recruiters have stressed, like leadership and being part of a team. So I would definitely say that while grades are important, they are not the only thing they are looking for. What my son has heard is that if you have a 3.5 or better, along with other things they are looking for, you’re ok with the Big 4, but if you are trying for corporate, say like Exxon, they won’t even look at you unless you have a 3.7 or better.</p>

<p>The Big 4 do recruit highly at the school he attends, especially hunting for kids in the program he’s in, so I do think that factors in tremendously. It might be a bummer to kids in other programs, but I will say that the kids who are in the program he is in worked their hiney’s off to get into it, and I guess the companies know that, historically, the kids who come out of it are well prepared and will be successful, hence they’ll keep recruiting there.</p>

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<p>haha, no, but he’s kept his cumulative up around 3.7, but, like I said I don’t think, at least with recruiting at this school, that grades are everything. He has friends who are interviewing with Big 4 firms with lower grades than him. It seems to him that Deloitte is the only one who is really after 4.0 type kids, the others are looking for a mix of grades, experience, leadership, sociability, teamwork, etc.</p>

<p>ag54, most people here don’t realize the power of on campus recruiting. If you goto a strongly targetted school regionally or nationally, your chances of getting in with a 3.5+ GPA are VERY high.</p>

<p>i agree with @dawgie , schools want recruiters to keep recruting right? just like at Harvard ( i hear not very many people fail.)</p>

<p>I agree Deloitte is really all about the best of the best students. Can you elaborate on what kind of program he is in?
Is the program just a general accounting major at his b school?</p>

<p>@sp1212 he must be in some type of BHP</p>

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<p>He is in the “integrated MPA” program at the University of Texas. It is a program where you get your Masters of Public Accounting along with your BBA in accounting in 5 years, and have completed the requirements to sit for the CPA exam.</p>

<p>You apply at the end of the sophomore year, and if you are accepted, you begin the program junior year. Some of his classes this year have been undergrad, some graduate. I think they accept about 200 per year into the program and the requirements are (average) 3.7 gpa and A’s in your intro accounting classes (311 & 312), or at least one out of the two (critical, if you have B’s in both, don’t apply). Besides that, you have to turn in a resume and application, but it seems to be pretty numbers driven.</p>

<p>I think they make those two intro classes miserably hard to “weed out” kids who just think they want to be accountanting majors. According to my son, the joke among accounting students is, if you meet a finance major at UT, he started out an accounting major then took 311 and 312. :wink: (though, I’m sure there are plenty of kids who start out finance)</p>

<p>I have read on here advice about acctg and what a great career it can be, but from what I’ve learned from taking acctg back in undergrad and quickly realizing I was NOT cut out for accounting, and now seeing my son and his friends either love or HATE accounting - you’re not going to do well unless you have some affinity for it.</p>

<p>So what about accounting did you dislike? i was thinking of doing it but it doesnt seem like an interesting field/ seems like a boring job with a good salary / so how is UTs 5 year program better than other 5 year programs (aside from the fact that its in Mccombs)</p>

<p>Yeah usually the intro accounting classes are “weed outs” and then the intermediate financial and managerial accounting classes are a 2nd wave of “weed out” classes.</p>

<p>Pierre, every field will have things you like/dislike, take the intro business classes and figure out what you like/dislike!</p>

<p>I just didn’t do well AT ALL in my cost accounting class. (shudder at the memory!!) I vividly remember thinking before the first test that I was prepared, but when I looked down at it, I might as well have been looking at something in a foriegn language. I just didn’t get it, my mind didn’t work that way.</p>

<p>Conversely, my son loves it. To him, it’s like solving a puzzle and finding the missing components. The language and math make sense to him, he gets it.</p>

<p>I don’t know that his program is better than other 5 year programs because I have no basis of comparison. All I can say is that the recruiting is strong there, so obviously they’re doing something right. :)</p>

<p>edit to add: ditto what sp said above. That’s what I did. When I figured out acctg wasn’t for me, I took other classes until I found that really Economics was what I excelled at, so I got an econ degree, business minor.</p>

<p>Guess what I did when I first graduated those many moons ago? I was a gas accountant :wink: who knew?</p>

<p>im not really a fan of economics(taking AP micro right now)
i think alot of schools serve as recruting centers . other than great rankings its all about where the school is located imo</p>

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If you attend one of those “target” schools, you don’t have to be in some honor program to be heavily recruited. We were at an admitted students presentation session at one of those school earlier the month. According to the dept, in a “normal year” (good economy), 60~70% of the graduating classes placed into big 4. Even this year, class of 2010, close to 40% has big 4 offer.</p>

<p>There’s a positive cycle going on. Many of its alumni have high position within the firms, they’re familiar with the curriculum and quality of the program and tend to hire more from their alma mater.</p>

<p>Pierre, don’t base your opinion of econ on your highschool AP class. Intro econs, macro and micro, can be hideously dull, but when you get into upper more theoretical econ courses and electives, they can be very interesting - BUT, some people hate econ with a passion.</p>

<p>Wait until you take some college level classes before setting in stone what you will major in. Some ridiculous number of kids change their majors once (or multiple times) before settling on their final choice. College courses can be more nuanced, more difficult, more exciting, etc. You won’t know until you’ve taken some.</p>