Master's student with a CPA cannot get a Big 4 entry-level position, need help! - Page 2

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    Topic
  • #189466
    Lunchboxx
    Member

    Hello current and future CPAs!

    I never thought I would have to write this post, but I am freaking out about not having a full time offer lined up. During this semester I attended my large University’s career fair and applied at 5 companies(the big 4 and 1 mid-size firms) for a spring(January) 2015 start date audit position. Out of the 5, only one of the big 4 firms followed up and offered me an interview. After the first interview, I was declined the office visit.

    I just couldn’t understand why all my applications failed, I am about to graduate with a Master’s of Accountancy in December with a very high GPA(3.85) and high passing CPA scores(see below). I also completed a successful internship at a mid-sized firm (I did not enjoy the firm that I did my internship at). I was also in my school’s Beta Alpha Psi chapter for 2 years(a huge plus at our school).

    After my failed interview, I reached out to my interviewer and asked him what could have went wrong. He told me that during the interview I appeared nervous(this did not make sense to me). During the interview, I recalled myself being mostly confident and answering the interview questions very intelligently. To be honest, I feel as if the interviewers reason was complete BS and there was another underline reason for me not getting the job(such as the firm needing a diversity hire, the Partner’s son getting the job over me or a really attractive girl interviewed for the same job as me).

    This angers me because I feel as if I’m one of the most qualified candidates out there. Compared to my peers, I have one of the highest GPAs, I am the only one with passing CPA scores, and I have an outgoing personality. Yet, people with low GPAs with no hope of getting a CPA(that look up to me) have full-time offers and I don’t.

    Based on the experience that I described to you guys, can you guys shed some light as to why I cannot seem to get a job?

    Sorry if I seem critical, but I am extremely furious that all my hard work doesn’t seem to be paying off 🙁

    AUD - 93
    REG - 96
    BEC - 92
    FAR - 90

    Done!

Viewing 15 replies - 16 through 30 (of 52 total)
  • Author
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  • #614344
    ScarletKnightCPA
    Participant

    I'm pretty sick and tired of people complaining about losing the job out to a ‘diversity' candidate. I am from an under-represented minority group. It's never helped me one bit in getting a job.

    Look up studies online with resumes that have ‘diversity' names. They are far less likely to receive a call back for an interview period.

    Far: 76 (Wiley Test Bank)
    Aud: 77 (Wiley Test Bank)
    Reg: 61, 76 (Wiley book, Wiley Test Bank)
    Bec: 86 (Wiley Test Bank)

    MBA in progress

    #614345

    “I know through my internship that I am a superstar auditor, I communicate very well with clients and I ‘m very proficient at performing audit procedures efficiently and effectively.”

    This is exactly the attitude you need to check at the door, for several reasons. One, you are not a superstar auditor with 1 busy season of intern experience and you're better off approaching it from the complete opposite spectrum – “I've only had one busy season of audit experience but am excited to dive in and start learning everything I can”. You say the word superstar or hint at the fact that you think you are a superstar and the seniors will be laughing at you over lunch that day.

    Two, that is not a good way to approach discussing your strengths. You need to come up with things you've done that SHOW that you have those strengths, not just coming out and saying yea I am a great auditor with superb communication skills with clients after a single busy season internship. You need to be confident, but be confident about your POTENTIAL. You aren't fooling anyone by acting like you're god's gift to GAAP/GAAS coming right out of college. For all intents and purposes, you don't know shit and aren't expected to – that is why we put you guys through so much training and have you complete audit programs and do basic audit work, etc.

    Everyone always talks about being confident in interviews but never talks about the importance of being humble. Know where you stand in the world. There are hundreds of other kids coming out of the same program (or similar) as you with good or better grades – you aren't a special snowflake.

    Sorry if that is harsh but I'm trying to help you out – I've been on the other side of that table.

    FAR: 1/12/13 ... 82
    REG: 8/30/14 ... 75
    AUD: August 2013 ... 89
    BEC: July 2013 ... 84

    DONE

    #614346
    mla1169
    Participant

    and one more thing, you are very young. Don't get all frustrated because you're not walking into your dream job the second you finish school. If big 4 REALLY is your dream, getting rejected right now doesn't mean it can't happen in a year or 2. Explore other options in the meantime, you may even come across an entirely new dream!

    Sometimes the things you want don't come exactly when you want them. And that's ok.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #614347
    Tripp11
    Member

    “I know through my internship that I am a superstar auditor, I communicate very well with clients and I ‘m very proficient at performing audit procedures efficiently and effectively.”

    SUPERSTAR AUDITOR

    I'm certain not a single thing anyone has said in this forum has sunk in yet, but continue on with the “I'm a rock star” bit and see how far it gets you.

    AUD - 93
    BEC - 80
    REG - 86
    FAR - 83

    #614348
    Lunchboxx
    Member

    @Normal Person, Thanks for the constructive criticism, it is the best way to learn in my opinion. Maybe I am too cocky about certain things(internship experience and credentials) and I need to learn to be more humble.

    My biggest problem was that I only had 1 interview and I treated it as if it was my only shot at success. I put way too much pressure on myself to great for the interview. When I got to the interview, I was under such immense pressure that I wasn't my normal self and came across as desperate which led me to brag about credentials(out of desperation). I did however intelligently answer all of the regular interview questions but my desperation for the rest of the interview could have been the deal breaker.

    AUD - 93
    REG - 96
    BEC - 92
    FAR - 90

    Done!

    #614349
    acamp
    Participant

    “I know through my internship that I am a superstar auditor” *facepalm* most interns where I work get offers? What's going on with this firm where you were a superstar?

    What about the other Big4? Did you network with the recruiters or just drop your resume? Everyone has a wonderful GPA, but as other have mentioned, you need to sell yourself.

    Self proclaimed: Highest ratio of Replies to Others v. Posts Created on A71

    California CPA - Big4 Aud Manager Alum - Private Accounting at Startups

    FAR, REG and BEC with Ninja Notes + WTB Only

    Ninja + Wiley Test Bank: [FAR - 81] [REG - 76] [BEC - 88] [AUD - 73](doh!)

    Becker Videos: [AUD - 82]

    California CPA

    #614350

    Lunchboxx- GPA, CPA exam score, and Master's gets you in the door. Personality and can do attitude gets you the job. I wasn't at your interview, but it is all about being likeable and trainable in my opinion. Once you get in the door I would never talk about my credentials (unless asked). They know them that is why you are there (and it is on a piece of paper they are looking at). You need to answer for them why you are a fit for the job (hard worker I did x to get through college, able to overcome adversity …ex X, able to perform under pressure, desire to do the best possible, desire to learn and challenge yourself, and etc). Be sure they know you are a team player. Sacrifice for team goals etc.

    Don't be afraid to ask them what they are looking for and what they need in an associate. Then related those to your experiences. Aka I was able to work under pressure in x situation and think I would be to handle that.

    You seem like a bright individual. In my opinion the Big 4 is not the be all end all. I have worked in the Big 4, I have worked for a regional firm, and I have worked in corporations. I learned the most at the regional firm by a long shot. Career wise you are in a marathon not a sprint. Your CPA and your Master's opens doors as your career progresses. Right now they could use anybody to review bank recs and tie out inventory.

    #614351
    Anonymous
    Inactive

    You are not a superstar auditor lol. Frankly, you don't know a thing. It's great you have drive and are eager to do well in this profession, but you need to relax and realize you are nothing but a tiny peon at this point. You can grow, and you will, but EVERYONE does their time in the trenches, even people who are fast-tracked. They just do a bit less.

    #614352
    Anonymous
    Inactive

    Hey, Lunchboxx, I am at your age, finished my undergraduate degree with honors, having my honor's thesis published, and did 3 internships in different fields over the years, and now I have a 3.93 GPA in my Macc program. I also have all my exams passed (see scores below). And yet, I have never heard anything back from EY and just got rejected by Deloitte after on-campus interviews. Point being, you are not the only one who is exceptional on paper. There are many many college graduates like us out there. Never give up and always do self-reflection, that's how we grow. When the time comes, we will be ready. Good luck and keep us posted on how you do.

    #614353
    Herbieherb
    Participant

    If you brag about your cpa exam scores, makes you sound like a loser/db

    NEW YORK- DONE

    #614354
    juuustin
    Member

    To hammer home the point that personality and interview skills >>>>>>>>>>>>>> credentials, let me share my story briefly.

    I am 26 and a recent graduate of an online accounting program. It was my second degree so I do have the 150+ credits, however. I have been in the full-time workforce doing something completely and utterly unrelated to accounting for four years. I interviewed with a Big 4 two weeks after graduating from the online program, and received an offer a week later.

    How did I do this? Well, networking to get the interview was obviously the biggest part. But once I arrived at the office, I was cool, calm, collected, and confident. Now I'm certain some of that had to do with the fact that I had a well paying job that I could fall back on, but it still bears repeating that confidence is key. There was more laughter in the two hours I spent in the office than there were behavioral questions or accounting jargon. My personality trends to humor and I decided going in that I wasn't going to stifle that just because it was an interview with two partners and a senior manager. Now I'm not saying go in there like a clown, but don't be afraid to “chum up” if that is your normal disposition. As everyone else has said, they need to be able to stand you for extended hours. Being relaxed and yourself will certainly help them see exactly what type of person you are.

    MD Candidate: 10/1/14

    FAR - 87 (11/23/14)
    REG - 87 (1/30/15)
    BEC - 89 (4/19/15)
    AUD - 98 (5/30/15)

    Ethics - 100

    Experience - In Progress!

    #614355

    Lunchboxx,

    Let me weigh in here. I am about to graduate in December with an MS in accounting from a decent program, just like you. My GPA is 3.6 (rounded up, of course), have not passed a CPA part yet (been trying), have a little accounting work experience, but not in audit. Anyhoo, this hiring season I have really been putting the pedal to the metal, and have gotten 8-10 different interviews (I'm actually losing count). Only one Big 4 has given me a chance, but I made it to final round (in a few weeks).

    Anyway, I've already been rejected by 2 midsizes. I think I did ok at one, but the other one I went overboard trying to prove how good i was. I got axed quick. Somehow, the interviews where I was just being myself, I got asked back for second, and now third rounds. So, I think really it just comes down to practice. In my heart, I know I'm a loyal, good guy who no one would regret taking a chance on in the long run, but I'm so scared of coming across as a witless doormat, that I get too brash. It's hard to control, since it's akin to going on a date with a girl and trying to impress her, and you're not comfortable to begin with and haven't found that spark. I think you just need more practice. I'm at the point now where I seriously feel like I have nothing to lose. I'm just going to go in, be myself, and if we laugh and yuck it up during the interview, so be it. I am who I am, take it or leave it. And somehow, I'm confident about this. Just be yourself, man.

    AUD - 84
    BEC - 88
    FAR - 81
    REG - 79
    If I passed so can you!!
    #614356
    Anonymous
    Inactive

    “I never thought I would have to write this post, but I am freaking out about not having a full time offer lined up. During this semester I attended my large University's career fair and applied at 5 companies(the big 4 and 1 mid-size firms) for a spring(January) 2015 start date audit position.”

    I feel like applying for a January Start date in Sept/Oct is a little off-track. Don't they fill most, not all, of these positions during interviews during the previous year. At this point, I'd bet that they have more Fall 2015/Winter 2016 position openings than January 2015. Also, 5 companies is NOT a lot, and you haven't even graduated yet, so don't freak out too much – a lot of people don't get jobs until 3-6 months after graduating.

    “Out of the 5, only one of the big 4 firms followed up and offered me an interview.”

    This could indicate something bad about your resume and/or networking skills but maybe not. 1/5 odds is not necessarily bad – hundreds of kids apply for interview slots and there are only so much to go around. That's why you should always apply to more than 5 places during recruiting season.

    “After the first interview, I was declined the office visit.”

    Getting rejected from 1 interview (your first). Makes sense. Most people do. I wouldn't read too much into this – still reflect and try to improve but it doesn't mean you did bad.

    “I just couldn't understand why all my applications failed, I am about to graduate with a Master's of Accountancy in December with a very high GPA(3.85) and high passing CPA scores(see below). I also completed a successful internship at a mid-sized firm (I did not enjoy the firm that I did my internship at). I was also in my school's Beta Alpha Psi chapter for 2 years(a huge plus at our school).”

    You know, now that I think of it – I sorta agree. I would think you would have gotten more interviews. Although – if you spoke negatively AT ALL about your internship/firm, or left on bad terms, you'd be immediately crossed off the list. Also, if your school is just super competitive (there are a lot of high grade students) and the firms are not hiring that many people in your area (either due to lack of need or having converted just the right amount of interns from the prior year) – that would have had an impact too. Also if you bragged/mentioned that your scores were in the 90's or that the CPA exam wasn't that hard, you'd be crossed off the list. Also……it could have been a lot of things.

    “After my failed interview, I reached out to my interviewer and asked him what could have went wrong. He told me that during the interview I appeared nervous(this did not make sense to me). During the interview, I recalled myself being mostly confident and answering the interview questions very intelligently. To be honest, I feel as if the interviewers reason was complete BS and there was another underline reason for me not getting the job(such as the firm needing a diversity hire, the Partner's son getting the job over me or a really attractive girl interviewed for the same job as me).”

    Maybe he rejected you because he thought you were snobby or arrogant? You don't have to do ANYTHING wrong to not get picked. He just had to like someone ‘slightly' better. If he is interviewing 15 -20 people, all of whom have great grades and experience, and he is only hiring two, he'll pick who he likes/thinks is the best. He doesn't have to pick you because you did anything wrong – even if everyone kills their interviews it doesn't magically create more spots.

    “This angers me because I feel as if I'm one of the most qualified candidates out there. Compared to my peers, I have one of the highest GPAs, I am the only one with passing CPA scores, and I have an outgoing personality. Yet, people with low GPAs with no hope of getting a CPA(that look up to me) have full-time offers and I don't.”

    I understand why you are angry, but life is not fair. Auditing is not rocket science – a monkey could do 95% of it. A lot of times (most of the time?) the 4.0 student gets passed over.

    “Based on the experience that I described to you guys, can you guys shed some light as to why I cannot seem to get a job?”

    Calm down – you haven't even graduated yet and have only applied at 5 companies (all in public at that). If you really wanted a job, you could get one.

    “Sorry if I seem critical, but I am extremely furious that all my hard work doesn't seem to be paying off 🙁 “

    Once again, premature to be saying this. Just because you do everything “right” doesn't mean it will be easy and everything will work out exactly the way you imagined. It will pay off in the end though. If you really start applying all over, you'll probably be sitting pretty in a new job in 2-5 months.

    #614357
    thechapman
    Member

    Did you purport to be a CPA like you do in the title of the thread? That would be a big no-no as well considering you don't have a license

    Passed - 2014

    #614358
    Lunchboxx
    Member

    @Peanut Butter is Good, Good Luck with your recruitement, it's a shame interview personality is so important for our career field. I bet both of us can be great auditors since most of the work is fairly easy and communicating with the client isn't nerve racking.

    @Anonny, Thank you so much for the in-depth breakdown of my story. You made me feel better about myself and made me realize that no one how perfect I am, there is still a chance of things not working out the way I want them to.

    @Thechapman, No, I told my recruiter that I passed the CPA exam but I was still missing work experience to be a licensed CPA. The title was misleading.

    AUD - 93
    REG - 96
    BEC - 92
    FAR - 90

    Done!

Viewing 15 replies - 16 through 30 (of 52 total)
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