Skip to main content

degrees

"the type of education most people have at the Big 4? What types of degrees and what level e.g. undergrad, postgrad?"

Most of the staff associates and senior associates have a Masters degree in accounting, along with a bachelor's degree in accounting. Managers and above usually have a bachelor's in accounting.
The main reason the staff and seniors have Masters' degrees is because some states require that CPA candidates have a 150 credits. So the colleges decided to offer Masters degrees (30 degrees) in order to meet this requirement and thus give candidates another degree.

Either way, it really doesn't matter. All that does is whether you have a CPA or not. Most staff associates are studying for it. Some seniors have it. And, with very few exceptions, all managers and above are required to have it. Whether you have a master's degree or not really doesn't matter, it's basically a way to get you to the 150 credit requirement.

Comments

Anonymous said…
I work for a Big 4 in a major market and I would say only about 10% max of seniors and staff have a masters degree in accounting. I assume that is because there are two "pathways" to getting a CPA in California, one of which does not require 150 credit hours.

It would make sense that offices in states that require 150 credit hours would have seniors and staff that mostly have masters degrees.
notfordisplay said…
right, it really depends on the region. If you need 150 credits for a CPA, then most people get masters degrees in order to meet that requirement. If not, a bachelor's is good enough. The CPA matters, nothing else really.
Anonymous said…
Hi. As an undergraduate student from California can I still apply to Big 4 with a minor in accounting but major in sociology?
notfordisplay said…
Sure, as long as you have the required accounting credits to take the cpa exam. You would just need to convince the big 4 recruiters that you do have the credits required to sit for the exam. Hope this helps.
Anonymous said…
What happens if you do not attain a CPA within 2-3 years? Thanks.

Popular posts from this blog

ADP/Payroll

Just realized that the very payroll/adp reports we all enjoyed looking at in order to see how much our client contacts made, now seem to piss me off. Especially when your main contact, who couldn't tell a debit from a credit, makes significantly more than you, and leaves at 5. It's almost guaranteed to get you in a foul mood and yak with your team about the ridiculous salaries that certain employees get when compared to yours.

should you choose to audit financial services?

I'm trying to decide whether to audit financial services companies or non-financial services companies. What would you say are the pros and cons of either industries? Do individuals who choose non-FS have less career mobility within the firm or if they decide not to stay with the B4 after a few years? Really depends on what you'd like to do after (unless you really love auditing). If you want to a controller,etc. at a p/e firm or a hedge fund down the road, you'd want to go into financial services. The pay won't be too bad, especially if you get a share of the insane bonuses they dole out. If you want to audit industries with tangible products and want to get a better understanding of the operations of such businesses, then other industries are the way to go.In terms of mobility outside the firm, auditing other industries is the way to go since you have plenty of options when you exit the audit world. For example, in 2008, after Lehman collapsed, it was incredibly hard ...

auditing vs consulting

I was wondering if you could break down the career opportunities in auditing and consulting (in a big 4). I know that consulting pays more in a big 4 and has more interesting work, but it seems that auditing has extremely good exit opportunities (Financial controller, CFO etc). Any thoughts on which is better in the long run? Well there's different consulting services offered by public accounting companies - the most popular being IT consulting and risk consulting. There are also other consulting services offered, but these two hire the most. Do they pay more? Yes, but not by much. Not enough for you to say: Shoot, the $$ is a huge reason for me to move over. Is the work more interesting than audit? Yes. You're actually looking over a company's processes and telling them what to do instead of what not to do (audit). Everyone I know who's made the switch likes it waay better than audit. In the long run though, choosing audit vs consulting really depends on what you want ...