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Not an accounting major but doesnt Atl have one of the best job markets in the country? Surprised youve had to wait this long.
Any Accounting majors/accountants on NT?
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hey guys I’m a junior accounting major looking to do a 5 year program to get my bachelors and masters. I’m leaning towards auditing. does anyone know whats the average starting salary for auditing is?
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~$55k.
Source: I have friends at Big 4 firms, also you can check salaries from colleges, for example one figure from a strong accounting program said average was around $50-55k.
Source: I have friends at Big 4 firms, also you can check salaries from colleges, for example one figure from a strong accounting program said average was around $50-55k.
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Depends where you work. In NYC you are looking at 57k with a BS or 59k with a masters at a Big4 and a little over 60k-65k in a national or regional. My firm pays 65k + 1.5k/2.5k bonus depending if you interned or are just a direct campus/referral hire. But in NYC we are highly underpaid for what the cost of living is, only SF is more expensive.
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Thanks! I'm currently at school in NYC and I want to start my career here...I'm just trying to see what all the options are with and without a CPA, my school pushes becoming a CPA so hard that they don't even show you what you can do or what options you have without being a CPA
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Which school are you attending if you don't mind me asking?
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St. John's University
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They have a solid network in accounting you should be fine. Try to find an internship at a smaller firm if you have time for 3 days per week. Most of the mid-tier ones keep interns on like that throughout the year. The top 10-15 prefer seasonal interns during their busy periods and summer.
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301216baller
Banned
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....disregard
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EddieDoyers
formerly eddiengambino
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Just did an interview yesterday for a tax auditor position
Wish me luck NT
Wish me luck NT
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good luck!
T0INE
formerly toine2983
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Good luck my accounting brethen.
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Just started my first accounting class, I got a 80% on the HW quiz because it's one day late and I didn't think the professor had started assignments since the first week 
Question though, AJ pays its own taxes and has two owners = partnership right? It got marked as wrong...
Question though, AJ pays its own taxes and has two owners = partnership right? It got marked as wrong...
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Partnership don't pay federal taxes. They provide their owners K-1 and the owners pay taxes on their individual returns.
EddieDoyers
formerly eddiengambino
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rare
are you taking taxation?
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My little brother's interested in accounting. He's a freshman in college now.
Does the networking game still apply to accounting as much as it does to finance? What is the best game plan for him to get up to speed (and not look like a total moron in an interview)?
Thanks, fam.
Does the networking game still apply to accounting as much as it does to finance? What is the best game plan for him to get up to speed (and not look like a total moron in an interview)?
Thanks, fam.
EddieDoyers
formerly eddiengambino
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Definitely you have to network your way through in order to even get opportunities to have at least interviews. Tell him to join business orgs/frats or Accounting Society if his school has one. I joined Accounting Society my junior year of college and I found it pretty resourceful in getting to meet people who work for the Big 4, going to Accounting career fairs, and getting tours at various firms. It will give him an idea of how the industry is.
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It's Financial Accounting, pretty basic level course. I'm only a sophomore in college. That was an example of one of the questions it had.
EddieDoyers
formerly eddiengambino
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Interesting they asked you a question on partnership, although it's pretty general. I wasn't taught that until I took my upper division accounting classes, but I already knew by then
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Lol I guess the setup was weird, it's basically chapter 1 discussing the principles, types of accounting (opportunities), the kinds of business (sole proprietorship, partnership, corporation). So far I'm liking it and I got a 96 on the first quiz.Interesting they asked you a question on partnership, although it's pretty general. I wasn't taught that until I took my upper division accounting classes, but I already knew by then
T0INE
formerly toine2983
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All of this.
I joined the Beta Alpha Psi chapter at my college and it allowed the opportunity to interact with professionals from all types of firms including the Big 4.
EddieDoyers
formerly eddiengambino
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Here's an update: So I just heard back about the tax auditor position and they told me all vacanies were filled, but they will keep me on file for the next 6 months if a vacancy pops up. I doubt I will get anything though.
Also just applied for the premium auditor trainee position for the Hartfold, going to need to take the online assessment test soon
Also just applied for the premium auditor trainee position for the Hartfold, going to need to take the online assessment test soon
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I agreed with this post so much, especially when it comes to recruitment and not knowing anything initially. Just be normal and engaging, but don't come off desperate. Like literally I have seen so many of my classmates doing some bizarre things that they otherwise would not be doing if it weren't for the pressure to impress. You would be surprised how far being normal can take you. I would say say as long your GPA is above 3.3, all it matter thats you're a normal human being to them because they just want something they can tolerate for 10+ hrs a day during busy season.
Big 4 Alum and CPA checking in.
Overall I'm happy with my decision to pursue a career in accounting. Here's what I did:
-Maintained a 3.5 GPA in college.
-Snagged an internship at a big 4 my junior year.
-During my internship I knew nothing. The key to succeeding is having a great attitude. Smile, nod your head, and do what you're told to do with enthusiasm on your face. Don't try to reinvent the wheel. Got an offer for a full time job.
-With that full time offer under my belt, I went nuts my senior year in college. My GPA dropped to just above 3.0 by the time I graduated. Luckily, they didn't retract their offer.
-Graduated college and started work. Reality hit me hard. Worked 50 to 60 hours a week on average. Pulled a few all nighters, had no social life, yambs were scarce, I was miserable. Spent 4 years doing that......BUT......those were the most important years of my professional career. Learned so much. After working 12 hour days, I would come home to study for the CPA exam, till like midnight. Wake up and do it again. Passed my CPA. Learned so much from the job, both technical accounting wise and human psychology in the work environment wise as well. Most valuable years of my life thus far.
-By the time I turned 27, after 4 years at big 4, as a CPA, I got a job offer from one of the clients I audited. A manager position getting paid over $110k. Work life balance is amazing, 40 hours a week. I'm home by 6 everyday.
-I honestly think landing my job now would only be possible by going through that pain period where I had no life for 4 years. When people see Big 4 + CPA on your resume, they KNOW you are serious about your career. I'm not the smartest guy in the world. You don't have to be. If you are good with people, and somewhat intelligent, with drive and ambition, you'll do well.
I just went through that process last fall at my Master's Accountancy program at UC Irvine and ended up accepting an offer at Mid-Tier firm because I really like the culture there. My only advice for selecting firm is choose the OFFICE, not the firm, that best fits you. The culture in Deloitte in LA is a lot different than the one in Orange County , etc.
I interned during this past busy season and it was afterwards that I decided that the office was right for me.
Best of luck to my fello Nters that recruiting this upcoming Fall.
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For those of you that did public audit, how long did it take till you felt like you actually understood accounting/technical stuff? When did you felt you could confidently say u knew how to audit a company and actually understood what is going on?
I'm at a big regional and started in auditing 5 months ago. Got a 3.9 GPA in my Masters program and 90's on all exams except REG. Yet, simple concepts evade me like crazy. I see people 1.8 years and they seem like they are speaking a different language and comprehension level. Yet, some of them have failed FAR 2+ times, or still are only done with 1 or 2 exams.
For example, I'm doing control testing for the 2nd time and a lot lot lot of stuff makes just the most superficial sense to me. Mostly, it feels like I don't get anything because I've never done any journal entries, reconciliations, etc in a bookkeeper/private company so when I'm discussing that sort of stuff with my team/client I feel pretty confused a lot of the times. Also, I'm used to looking at stuff in book format or written down. It is hard for me to follow people speaking about debits and credits using words.
Honestly, my biggest fear is they will promote me to senior way way way before I'm ready. They already view me as the "go to staff" and have had me on first year clients, doing the entire testing section myself, etc. I know it all sounds good but I genuinely want to learn...not in a rush at all to get ahead. I'm in this career for the long haul and think there is a certain base knowledge and "grind" that is necessary to drill in that solid base of technical accounting proficiency.
I'm at a big regional and started in auditing 5 months ago. Got a 3.9 GPA in my Masters program and 90's on all exams except REG. Yet, simple concepts evade me like crazy. I see people 1.8 years and they seem like they are speaking a different language and comprehension level. Yet, some of them have failed FAR 2+ times, or still are only done with 1 or 2 exams.
For example, I'm doing control testing for the 2nd time and a lot lot lot of stuff makes just the most superficial sense to me. Mostly, it feels like I don't get anything because I've never done any journal entries, reconciliations, etc in a bookkeeper/private company so when I'm discussing that sort of stuff with my team/client I feel pretty confused a lot of the times. Also, I'm used to looking at stuff in book format or written down. It is hard for me to follow people speaking about debits and credits using words.
Honestly, my biggest fear is they will promote me to senior way way way before I'm ready. They already view me as the "go to staff" and have had me on first year clients, doing the entire testing section myself, etc. I know it all sounds good but I genuinely want to learn...not in a rush at all to get ahead. I'm in this career for the long haul and think there is a certain base knowledge and "grind" that is necessary to drill in that solid base of technical accounting proficiency.
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