Accounting Career Paths Workshop Mike Paolini, Sr. Associate Director Career Resource Center (CRC), 308 Alfiero Student Center Common Industry Areas PUBLIC ACCOUNTING: Big 4 & Regional Firms CORPORATE (PRIVATE): Banks, Companies, etc. GOVERNMENT: Federal & State Agencies and Military - IRS, FDIC, NYS Controller, NYS Dept. of Taxation & Finance, Defense Contract Audit Agency, etc. Big 4 Public Accounting Firms are: PricewaterhouseCoopers (PwC), Ernst & Young (E&Y), Deloitte & Touché (D&T) and KPMG Major Corporate Firms are: M&T Bank, HSBC Bank, Sodexho Marriott, IBM and National Fuel, etc. Most Common Accounting Service/Practice Areas Audit: also referred to as External Audit and/or Assurance Internal Audit: sometimes also referred to using word “Risk” or within “Advisory” “Risk” practices in Big 4 pub. acct. firms IT Audit: Information Assurance Tax Fraud Examination (emerging) Description of Audit (External) Service/Practice in Public Accounting Services many publicly traded client firms. Provides outside (external) perspective (opinion) on financial reporting practices of client firms. Opinions center upon level of compliance and consistency with financial reporting standards. Standards defined by SEC, GAAP, FASB, IFRS etc. Provides trusted assurance to client firms and operates in public trust regarding veracity of financial information reported by client firms Description of Internal Audit & IT Audit Services/Practices in Pub. Acct. Services many major Fortune 500 client firms. Provides in-depth assistance to existing internal audit/accounting staff, or functions as outsourced internal auditors, for client firms. Examines financial implications of operational efficiencies or inefficiencies within each client firm (internal) Recommends operational control mechanisms and other improvements designed to enhance efficiency and minimize financial or other types of risk Advises management on implementation strategies to optimize business practices/operations for best results IT Audit does all of the above with particular focus on the use of technology within client firms Common Entry Job Titles by Service/Practice in Public Acctg. Audit: Audit Staff, Assurance Assoc., Staff Audit, Staff Accountant, Audit Intern, Assurance Intern, etc. Internal Audit: Enterprise Risk Assoc., Business Risk Assoc., Internal Audit Staff; Internal Auditor, ERS Intern, BRS Intern, Internal Audit Intern, etc. IT Audit: Information Risk Assoc., Technology Risk Services Staff; IT Audit Staff, Info. Risk Intern, IRM Intern, etc. Tax: Tax Staff, Staff Accountant, Tax Intern, etc. Some Common Entry Job Titles in Corporate, Govt. Acctg. & General Mgt. Internal Auditor, Auditor, Staff Audit, Accountant, Staff Accountant Accounting Intern, Summer Intern, Accounting Co-op, etc. Fraud Examiner, Bank Examiner (Govt.) Accounting Financial Analyst (M&T) Financial Accounting Analyst (HSBC) Corporate Auditor, Internal Consultant, Corp. Audit Staff Tax Auditor, Tax Auditor Trainee Business Analyst, Financial Analyst Budget Analyst, Loan Analyst, Credit Analyst Mgt. Development Trainee, Officer Development Trainee And More! Key Desired Skills/Attributes by Accounting Recruiters Leadership: Student Clubs, Part Time Jobs, Activities Team: Class Project Teams, Athletics, etc. Communication: Writing on Resume, Interview, Help Desk & Sales Support Jobs Problem Solving: Resume Statements & Interview Answers focused on solutions Customer/Client Service: Service Jobs Key Desired Skills/Attributes by Accounting Recruiters, continued… Well Rounded/Involved: Volunteer & Extra-Curricular Time Management/Organizational: Ability to juggle activities on your resume Analytical Accounting Skills: GPA, Academic Honors and Achievements Focus/Interest in Accounting: Objective on resume framed around internship in public accounting, internal audit or other Get Ready Now for Early Recruiting Opportunities at Big 4 Public Accounting Firms! Summer Internship Opportunities at CRC! Sch. of Mgt., Career Resource Center (CRC), Recruiting Hub at 308 Alfiero Mike Paolini, CRC Senior Associate Director, Accounting Career Advisor Some Big 4 Public Accounting Opportunities Recruited for in Sophomore Year Some Big 4 Public Accounting Firms, Recruit Juniors in Fall (1st Semester of Junior Year) Resumes Collected Online Through CRC Website Don’t What to do? Call to Action! delay; prepare a resume now or enhance your existing resume to make it more effective Use CRC Online Resume Guide & CRC Resume Templates, see link below Consult CRC Resume Tips page for help at http://mgt.buffalo.edu/home/career/students/prep/tools/corresp ondence/resume Submit resumes via CRC Job Opportunities Site at http://mgt.buffalo.edu/career/students/opportunities/jobs Consult CRC Interviewing page at http://mgt.buffalo.edu/home/career/students/prep/tools/intervi ewing What To Include on RÉSUMÉ Contact Information An Objective focused on internship in public accounting Education (college level only) GPA of 3.0+ Experience (part time jobs, internships etc.) Computer Skills Activities, Honors and/or Affiliations, Clubs Volunteer work A What Not To Include on RÉSUMÉ title such as “résumé” Salary requirements A date Personal information The words “ I ”, “ Me ” or “My” or other personal pronouns False information Reasons for changing jobs TOP RÉSUMÉ ERRORS Spelling and grammatical errors Typos (MUST be error free in every way) Sloppy disorganized format Poor use of print attributes Too much/not enough white space Lack of action verbs Inconsistent verb tense TOP RÉSUMÉ ERRORS Continued… Failure to expand on community/student activities Poor objective, does not define industry or functional area of interest Failure to focus on transferable skills Failure to focus on accomplishments Inappropriate e-mail address