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Accountants: Do you like your job?
- Thread starter longskate88
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Hello accountants. Had to resurrect this thread.
So as many of you know, starting August New York State will require 150 credits (5 years) to earn your accounting degree. Unfortunately for me, I have 100 credits and fall into a ****** position because if this rule wasn't implemented I would have been graduating in December if the 120 credit rule was not changed to 150.
So to the experienced accountants here: What effect do you think this will have on current accounting students and hiring? What about internships? Now that I have fallen into this category when is the ideal time to intern?
Thanks in advance
So as many of you know, starting August New York State will require 150 credits (5 years) to earn your accounting degree. Unfortunately for me, I have 100 credits and fall into a ****** position because if this rule wasn't implemented I would have been graduating in December if the 120 credit rule was not changed to 150.
So to the experienced accountants here: What effect do you think this will have on current accounting students and hiring? What about internships? Now that I have fallen into this category when is the ideal time to intern?
Thanks in advance
longskate88
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Hello accountants. Had to resurrect this thread.Originally Posted by Johnny_5
So as many of you know, starting August New York State will require 150 credits (5 years) to earn your accounting degree. Unfortunately for me, I have 100 credits and fall into a ****** position because if this rule wasn't implemented I would have been graduating in December if the 120 credit rule was not changed to 150.
So to the experienced accountants here: What effect do you think this will have on current accounting students and hiring? What about internships? Now that I have fallen into this category when is the ideal time to intern?
Thanks in advance
Johnny, are you sure it's 150 to graduate, or 150 to be eligible for the CPA? Here in CA, you need 120 to get the BA, but 150 if you want to pursue the CPA.
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No big effect. NY was one of the last major states to hold out. Just about every other state was already on the 150 rule and it's been this way for awhile.
I always thought the best time to intern was after you've completed at least 3 years and are at least 21 years old. Internships have a lot of parties/happy hours and you don't want to be the odd man out not with the rest of your coworkers because you're too young.
I always thought the best time to intern was after you've completed at least 3 years and are at least 21 years old. Internships have a lot of parties/happy hours and you don't want to be the odd man out not with the rest of your coworkers because you're too young.
longskate88
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Yep. In NY it's 150 as of August 1st.Originally Posted by Johnny_5
Man, that's tough. Ours is still 120, so I'll get my BA and then work probably, while taking the extra 30 units of CPA courses (they're offered only at night) if I decide to go for the CPA.
nicad2000
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Regarding the 150 hour rule, you will find it difficult to get hired by a public firm if you don't have a plan in place to get enough hours to become CPA-eligible. In NC, where we've had this requirement for a while, most internships take place after graduation from a four year degree and before entry into the fifth-year masters program. As I'm sure you're aware, most offers from (larger) public firms take place after the internship is concluded.
FidelCashflow
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There are salary reports issued by the CICA up to 2007. It shows a heavy skew in the median/mean salary of the CAs is mostly due to owner's earnings (partners) and work experience (most CAs in BC - 79% - earned their CAs before 2002 - the majority of CA's in BC are mid-30's or beyond). when you only look at non-owner salaries, the picture is much less rosy.Originally Posted by Viktri
Agreed. Those stats are the ultimate BS to feed new gradutes. According to the 2007 Alberta survey the average salary for a CA with a CBV is $290,286. I wanted to enroll in the CBV program right after reading that. But when I actually talked to some CBV's at big4 firms, they just laughed when I told them that.
No big effect. NY was one of the last major states to hold out. Just about every other state was already on the 150 rule and it's been this way for awhile.Originally Posted by Texasmade
I always thought the best time to intern was after you've completed at least 3 years and are at least 21 years old. Internships have a lot of parties/happy hours and you don't want to be the odd man out not with the rest of your coworkers because you're too young.
LOL. Well it's the opposite now because I am 23 years old...
longskate88
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Agreed. Those stats are the ultimate BS to feed new gradutes.Originally Posted by FidelCashflow
According to the 2007 Alberta survey the average salary for a CA with a CBV is $290,286. I wanted to enroll in the CBV program right after reading that. But when I actually talked to some CBV's at big4 firms, they just laughed when I told them that.
LOL
Viktri
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LOLOriginally Posted by longskate88
You don't get the CBV straight out of school so your comparison is invalid. From my understanding, CBV tend to make more $ because they value assets and because they tend to be more experienced (= more $).
FidelCashflow
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You don't get the CBV straight out of school so your comparison is invalid. From my understanding, CBV tend to make more $ because they value assets and because they tend to be more experienced (= more $).Originally Posted by Viktri
True, but $290K is nowhere near what your average CBV in public practice is making, unless they're a partner.
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