Big 4 offer contingency

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  • #190982
    Onthespotcpa
    Member

    Hey guys,

    I have Summer internship offer for next year and I just took my econ final which im so sure that I screwed this up.

    Im expecting c- at least and possibly D. The thing is i wont be able to retake this course so it will drastically lower my overall gpa.

    When i got the offer, my gpa was around 2.9. (Im econ major and i suffered severely on econ courses)

    With this semester, it will probably go little lower. The only good part of my gpa is that i got all A’s on my accounting courses (16 units)

    With that said, should i seriously worry about offer getting rescinded?

    My offer said contingent upon maintaining your academic status, which is really vague.

    Even with this shitty gpa, will i a chance to be extended full time offer later?

    I feel like garbage now…

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  • #636054

    Do not worry about it. I also have an offer from Big 4 summer tax internship. From what I understand over at r/Accounting – reddit, this question has already been asked.

    All they care about it you getting the 150 credits to become CPA eligible. Do not tell them that you did bad in the class. You are already in there. They only care that you are on track to get 150 credits, and will have them before working full time. If you're failing out of everything, then they will rescind the offer.

    Although, you may have to retake the class if you get a C- or a D. I know in some schools of business and accountancy those two letter grades do not count.

    Now…gotta get back studying FAR. Take care.

    #636055
    fuzyfro89
    Participant

    It's possible, but less likely since you screwed up in a non-accounting major course.

    I would avoid doing it again, as that would be worrisome that you're just letting things go, but once should be alright. You may be questioned about it prior to starting, so be prepared to show that you have improved.

    They generally get transcripts before you start working (so an updated transcript in May/June) and some firms even ask once per semester, so you may have to address it sooner.

    Be honest, and don't screw up again.

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