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Subject Topic: Big 4 hiring, important factors (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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Kfan
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Posted: 24 Mar 2010 at 17:33 | IP Logged  

Not really, the auditing exam is very theory based and covers a lot of reports that most auditors probably never see. Maybe some tax experience would help some for REG, but you generally look things up at work rather than memorizing the stuff, so I don't know if the stuff would stick that much. Plus if you work for the BIG 4 you won't be doing much with partnerships and s-corps, which are tested a lot. Reg covers so much damn material that anyone is going to have to study a lot for it. There's no job that will touch everything on it.

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Xalina
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Posted: 25 Mar 2010 at 09:40 | IP Logged  

CPA exam has  little to do with being smart..its more about diligence..your scores are directly proportionate to how much quality time you spend studying..my two cents.
About the experience required to pass, it'll take less time for you to understand what the textbook is saying because you've done it in real world. Everything from audits, tax  to IT in BEC section, I was able to relate it to how things worked in my firm or at the clients that I had worked on...but it is still doable with zero prior experience..people do it all the time.


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venus girl
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Posted: 30 Mar 2010 at 19:37 | IP Logged  

fla_examer85 wrote:
ebitda wrote:
Can anyone elaborate on why passing the exams don't help for recruiting (referring to stochastic's 2nd point)? Isn't that essentially what the career pretty much comes down to--becoming a CPA? I just thought it might be a sign of dedication to the career, and a stamp of approval because they don't have to worry about you passing (or even invest in you to pass them).

The main reason I ask is, I will be taking accounting courses through an extension program to become CPA eligible (graduated in May 2009 with a finance degree but no offers, not surprisingly in this market). There is no campus recruiting there, which means I am at a disadvantage compared to current degree-seeking students that have on-campus opportunities. I thought the only way I would stand out from newly minted accounting graduates (especially MAcc students) was to have all 4 parts done beforehand. Am I not going about this correctly? Should I just network and try to get my foot into the door before taking the exams (not only Big 4 of course)?

I went to a top 3 undergrad business program, but I don't think I can even leverage the school factor that much anymore because I studied finance, not accounting. Thanks for any advice.


Because at the Big 4 they EXPECT you to be able to pass the CPA Exam.  If you can't, they were going to fire you anyway.  I've heard from some people if you are staff level and don't pass the exam in 4-5 years you automatically get the boot in a lot of Big4 offices.  Don't know if true or not.

 

I have a friend who is a year 2 senior, took 3-4 years to pass, took it like ~10 times and they were pretty supportive. Year 3 seniors w/o CPAs did get laid-off though...so she would have gone if she was up a step.

 

Anyway, to the main post, also, being personable is very important too.  There are a lot of super smart "bots" with 4.0 GPAscoming from the UCs and USC out here (LA area) and they will get looked over for students who are much more personable and will obviously be good with clients.

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venus girl
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Posted: 30 Mar 2010 at 19:40 | IP Logged  

allegro-cpa wrote:
Kfan wrote:
Yes, it's definitely the time commitment. Also, Allegro, there's very little overlap between real world accounting and the CPA Exam. The CPA Exam is much more comprehensive and detailed than 99% of real world accounting.


Ok well then it makes sense then.  The big four guys work 60+ hours and must be completely exhausted and probably can't put full effort into the exam.  You get home and probably want to go to sleep/rest.  I would have thought that at least the audit and tax sections of the cpa exam would be directly related to their job functions.  Auditor, Tax accountant, etc. 
 

 

My friend (who is done) is an auditor with the big 4 and couldn't study from Jan-April/May because of busy season.  70+ hour weeks make it impossible.

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allegro-cpa
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Posted: 31 Mar 2010 at 15:10 | IP Logged  

I have to say that if you work at the big 4 and work 70+ hours and are able to pass the CPA exam in a few months, you deserve some serious props, thats got to be hard/stressful/tiring.  That is more impressive to me than some high gpa at a good school with no work experience and only doing school.  Work + CPA passed seems to be more of a physical/mental challenge overall.

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