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Why Study Accounting?. You want to be a CPA, audit tax or advisory services. But for many, public accounting is “ultimate internship” You want to be important member of management team in a business You want to run your own business
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Why Study Accounting? • You want to be a CPA, audit tax or advisory services. But for many, public accounting is “ultimate internship” • You want to be important member of management team in a business • You want to run your own business • You thought you wanted finance and took Intermediate Accounting • You want the most rigorous preparation for business
Why Accounting at UWM? Big Draws • Huge alumni support with 60 years of graduates • Award winning professors (12 – 15) dedicated to teaching, technology, research • Newly introduced PhD program (2 in WI) • CPA in Residence for career planning Only one in WI) • Placement 3+ times and huge employer base • Integrated 4/5 year Masters program (4 in WI) • Number 23 in the Nation on CPA Exam • Necessary experience is right here! • Active student organization (BAP)
The Interests You Should Have: • Practical math, numerical analysis, Excel • Quantitative problem solver, objective • Interested in financial matters – this is the road to a career in finance! • Willing to study harder than others! (15 hour Intermediate) • Quest for complete understanding over memorization • Prefer to work with others in teams • Enjoy explaining technical information • Don’t want to be bookkeeper, want to support and make decisions – But HS bookkeeping helps
Career Options • Demand still strong for CPA’s • Major source for “Final 4” – Importance • CPA firms are insisting on internships • There are opportunities (and interest) in industry and finance • Foundation for Management • Pay $40,000 - $50,000+signing/exam bonuses + “Exam done” bonus • CPA means 5 years & Masters Degree
What do Employers Look For? • 3.25 GPA for the best opportunities • Relevant Job Experience • Extra-curricular involvement • Personality and presentational ability • Take more speech than required • Understanding of Finance • Put your electives here • References – do you want someone to talk to your boss?
Action Points Freshman- focus on math and English - Consider the Business Scholars Program - Gain business experience Sophomore–Intro accounting (B)/ Intermediate Accounting (B) (3.00 in Jan. 10) - Business foundations - start on accounting work experience (We have seminars) Junior – Start on 2 acct courses per semester – you will receive detailed plan. 3 semester plan requires summer school - Join Beta Alpha Psi - Get Tax done early (jobs and career choice) - Interview for Internship in spring of senior year, or summer following senior year (only for 5 year students)
Senior Year Fall • Interview for full time if leaving after 4 years Or • Apply to graduate school • Take GMAT (Study first!) • Apply for scholarships, TA positions
Special Considerations • There are two MS-PA Choices: tax and financial • Undergraduate International study experiences available as your required International Course • E&Y Study Abroad in first summer of graduate year – International Accounting • Seamless transition to graduate school – as long as you apply and take GMAT • Start grad. Program in July/September • Graduate support options vary
How to Survive Intermediate • B+ in 201 and do extra credit, break dependence on “Wiley Plus” • One repeat, but low priority • Study between each of 3 classes • Miss a lecture or lab and blow 5 points! • If 4 other classes, one is “light” • Work? One less course and 15 hour max. • Never get behind, get help (available every day) • Exams are 100% (assignments + lecture examples) No cramming or memorization • Study groups are a big help and create competitive environment • Less than a B means you did not figure out how to study!
