Everything you wanted to know or should know about accounting

<p>avg. entry level work week is 45 hours at ernst&young according to businessweek
[Ernst</a> & Young profile for young professionals: BusinessWeek](<a href=“Businessweek - Bloomberg”>Businessweek - Bloomberg)</p>

<p>3 year retention rate is around 50% for all the big 4
60 hour weeks are probably during tax season</p>

<p>doesn’t that go for all big 4 and not just deloitte?</p>

<p>Everything that you read is a lie.</p>

<p>For those that have the CPA:</p>

<p>What are the simulations like on the exams? How exactly are they presented?</p>

<p>It’s no different than answering a series of multiple choice qusetions. Not intimidating at all.</p>

<p>There is plenty of chatter in Congress about imposing a Value Added Tax. This is an administrative nightmare for businesses, but will add to the demand for additional accountants and CPAs.</p>

<p>does an accounting curriculum at a CSU school prepare you for the CPA exam or will I have to do extra “digging” to prepare for the exam?</p>

<p>Okay so recruiting is over for the 2011 kids at UT. Every kid my son knows got big four offers. He got offers from 3 out of four and chose PWC. So the economy didn’t seem to put a damper on hiring. </p>

<p>Good luck to everybody who’s looking. Jobs are out there!</p>

<p>For those who are trashing big four jobs, I hope you find what you’re looking for. For some, big four opens the door to a bright future. The kids know going into it that they will be worked to death starting out, but that’s all part of paying your dues. I work in the oil services industry and we work 60 hour weeks regularly too </p>

<p>Welcome to adulthood.</p>

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<p>That’s statistically relevant.</p>

<p>UT = #1 Accounting school, that is the power of strong on campus recruiting. Not surprised at all. I don’t trash Big 4, I trash the entire profession.</p>

<p>When the official stats come out I will post them. But, considering the program is fairly small and they are all going through recruiting at the same time, I will stand by the point that statistically a large percentage of kids got offers.</p>

<p>Does anyone know what the reputation of Pepperdine’s accounting program is?</p>

<p>Folks, Please read post number 1 in this thread. I see lots of repetitive questions. </p>

<p>Again, let me reiterate: generally the school that you attend for accounting is generally irrelevant. As long as it is accredited by the appropriate accrediting body, the school will be fine. The only effect that a school has is that partners from that state will usually recruit from the local state schools. In addition, going to school in a state that you want to work in should guarantee that the accounting program will comply with that state’s requirements for sitting for the CPA.</p>

<p>So if the school doesn’t matter, what does matter? The answer is two folds: Get a strong GPA and have a decent interview. You can then contact firms in any state and probably get an interview at most of them if they are hiring. Again, the reputation of the school doesn’t matter much. Likewise, many “soft” factors also are irrelevant such as athletics, membership in Beta Alpha Psi, etc. </p>

<p>However,I want to add one more factor that is getting a lot more important lately: get an internship before you graduate at a good firm. Getting that type of experience will help in obtaining jobs. Moreover, if you do well in the internship, the firm might hire you when you graduate. More accounting firms are resorting to hiring their new people from the interns that they have had. Although there is no best time to get an internship, it will be easier to get one in the summer just after either your sophomore year or , even better, your junior year.</p>

<p>The reason why questions keep getting brought up is because you keep telling people school doesn’t matter. When in fact, they obviously do. I’m sure ag64 isn’t the only person that thinks schools matter.</p>

<p>Not to mention that your personal vendetta against BAP is causing you to mislead a lot of people on this forum. And if athletics don’t matter, why is FootballBanker so successful?</p>

<p>No Dawgie, folks just don’t believe that the school attended doesn’t matter. There is this ingrained thinking that ranking means something. However, for undergraduate accounting programs, this is not the case. It only matters in that partners from that state will go to their local schools to recruit and that local schools will have the curriculum necessary for qualifying to sit for that state’s CPA exam. Kids with great grades can go out of state and interview too. It just takes a little more drive to contact partners in out of state firms instead of waiting for them to come on campus.</p>

<p>However, I guess people will believe what they want to believe.</p>

<p>Sorry taxguy, but rankings do matter. You are going to sit here and tell me that the Top 5 ranked accounting programs by PAR are not superior than the other schools in terms of job placement? Stop being delusional.</p>

<p>Yes, Dawgie, Not only am I going to tell you that,but please contact accounting firms outside of where the top 5 schools are located. Ask the local partners in Florida, Maryland, Virginia and NY where they recruit from. Just ask them.</p>

<p>Why would I ask them? When I was interviewing for KPMG at the Boston Office, I saw 3 kids from BYU and 3 from UT Austin. I already know the answer, it is you who doesn’t. Those 3 ended up at Deloitte where I went.</p>

<p>I think taxguy is always talking about smart kids, aka kids with a high GPA. Even at a tier 3 school, there could be a few kids who work for 3.9s and get a descent internship. That is the recipe for what employers want. The kid with a 3.8 at a descent public uni. will still have a strong chance at a Big 4 interview, from what I understand. Just because a target school will have a higher % of offers doesn’t mean they will have ALL the offers. If a person is willing to work for something, they will get it. Even if there peers are destined for mediocrity.</p>