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Subject Topic: getting rehired with <1yr of experience (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Kfan
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Posted: 09 Nov 2009 at 15:01 | IP Logged  

Who usually does business valuation work? MBA's or CPA's? Or would someone start off in audit possibly and then move into that area later?
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Dawgie
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Posted: 09 Nov 2009 at 15:02 | IP Logged  

I have enough liquidity to pay off a top MSA program right now.  I can work for about 3 years and save up for most of the MBA. I'd say I'm living pretty comfortably right now.  I have 0 loans right now.

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Dawgie
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Posted: 09 Nov 2009 at 15:07 | IP Logged  

Kfan wrote:
Who usually does business valuation work? MBA's or CPA's? Or would someone start off in audit possibly and then move into that area later?

I asked around.  You can get in straight from top accounting undergrad programs. However, that it is very competitive.  The other option is to become a CFA.  They look highly upon those with it, since it is more finance related work.

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rainnyl
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Posted: 09 Nov 2009 at 21:28 | IP Logged  

I don't know if I would consider a MSA.  I think getting my CPA is enough, especially if I don't plan on staying in public accounting.  For private industries, isn't a MBA worth more?


Not to go off topic... Dawgie: You must have a very impressive resume to land that corporate financial analyst job.  Good for you!  Out of curiosity, how did you find out about that position?

But for the rest of us not lucky enough to have a high GPA, who's only gotten one busy season worth of experience (so it was more like an extended internship than a real job), what type of possibilities are we looking at?  I don't think the market's gotten any better, if anything, those unemployment numbers keep going up. 
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Dawgie
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Posted: 09 Nov 2009 at 23:59 | IP Logged  

A low ranked MBA isn't worth much.  To be honest an MBA for corporate accounting is not that important.  It's not going to automatically make you into a Director or VP.  That all just comes through experience and showing how good you are.  Having the CPA will definitely help.  If you want to be a CFO on the other hand, then a top 10 MBA will serve you very well.

Like I've mentioned in the past, I've had like 4-5 internships in the past before getting 1 year of Big 4 exp + finishing my CPA.  So I have had a lot of various accounting experience that include public accounting (tax/bookkeeping/compilations), internal audit, and external audit.  I am also a very amazing interviewer, it is very obvious I am confident in my skills and I have a lot to offer.

Honestly in your position, if you can't get into a decent private accounting role by January, I would consider applying to top MSA programs.   I mentioned in another thread, where the guy got really pissed, that a low ranked MBA is practically worthless.  It is really true.  Anything outside of Top 20 hardly gives you any value.  In fact, it probably works against you.  It's like, "Why would this guy pick a subpar program?" it says something about your personality.  Don't forget MSA is typically significantly cheaper than MBA and isn't 2 years.  Ride out the economy and allow a top MSA to help place you into a solid job.

After I got laid off, I still got numerous interviews.  I made it deep into the later rounds at top companies but you can't always win when dealing with a lot of qualified candidates in such a rough economy.  I never lost confidence though, not even for a split second, just keep applying to everything worthy in sight.
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