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Accounting Open House 4/21/2006 I am very biased
All over the country similar scenes are playing out as accounting firms large and small sweeten the pot in order to lure or retain employees. The Big Four have doubled their assurance staffs in the past five years and are expected to nearly double them again in the next five, thanks largely to Section 404 of Sarbanes-Oxley. • ......."It's an extremely competitive hiring environment today," says Craig Nickerson, CFO of Dynetech Corp.,
......"We'll have an incredible shortage of accountants for the next 10 to 15 years," predicts Allan D. Koltin, president and CEO of PDI Global Inc., • ...... Money is certainly one way to get people's attention. Entry-level annual salaries now average $45,000, according to career-oriented Website Vault.com, a 9 percent increase over last year's rate, and accounting salaries are rising faster than the typical 5 percent increase in other professions. Once in the door, recent grads can expect to see raises of 5 to 10 percent a year. • ..... Fifty percent of CFOs surveyed say they do plan to loosen the purse strings not only to attract new hires but to retain current staff as well.
ACCOUNTING STUDENTS ARE THE BEST STUDENTS IN THE ORFALEA COLLEGE OF BUSINESS
2004-05 may have been an exceptional year But it wasn’t that unusual
NEXT YEAR LOOKS JUST AS GOOD Spring Banquet 5/15/2005 $30,000 in scholarships
$36,000 worth of Scholarships presented May 15, 2004 at the Accounting Spring Banquet
Great Employers Great Jobs
“By the way, of the 12 or so schools we go to for Acctg/Finance our Corporate Recruiting Dept rates Cal and Cal Poly as our best two universities”
“Lockheed Martin has recently upgraded Cal Poly to a key school …..”
Career Services graduate status report 2004-05 Most jobs in Bus College 92 jobs median salary $45,000 Summer internships -summer 2005 63 paid internships with Big 4 alone Link to Career Services
Career Services graduate status report 2003-04 Most jobs in Bus College 2002-03 Most jobs in Bus College 2001-02 Most jobs in Bus College 2000-01 Most jobs in Bus College 1999-00 Most jobs in Bus College 1998-99 Most jobs in Bus College 1997-98 Most jobs in Bus College
Career Services graduate status report 2004-05 Most jobs in Bus College 92 jobs median salary $45,000 Summer internships -summer 2005 63 paid internships with Big 4 alone Link to Career Services
Summer internships • Barbich Longcrier Hooper & King • ChevronDeloitte • Ernst & Young Gallo • Frank, Rimerman • Grant Thornton KPMG • Moss Levy Hartzheim Perry-Smith • PricewaterhouseCooper Tribune
Sophomore Leadership Programs • Deloitte • Ernst & Young • . Grant Thornton • KPMG • . PricewaterhouseCooper
Jobs - recent article But just wait: Gen X'ers will be in high demand when the Baby Boomers move to retire by Rick Telberg While many graduating college students have surrendered hope of finding a job in this beleaguered economy, accounting majorsappear to be in hot demand and winning record high salaries.
Good teachers Spring 2005 3.52 / 4.00 Average evaluations for all accounting classes
Good teachers Of the 6 areas in the College Accounting has had the highest or second highest evaluations 20 times in the last 24 quarters
Practicalreal life stuff In June PricewaterhouseCoopers trained 4 accounting faculty for a week
Practicalreal life stuff In June KPMG had 2 accounting faculty come to LA for 1 ½ day update
Practiclereal life stuff Over the summer KPMG allowed me to participate in over 3 weeks of their audit methodology training
path to the CFO’s office MBA CFO CPA
Accounting alum are Partners @ • Deloitte • Ernst & Young • KPMG • PricewaterhouseCoopers • Grant Thornton • Barbich Longcrier Hooper & King • Bartlett Pringle & Wolf • Damitz Brooks Nightingale Turner & Morrisset • Glenn Burdette Phillips & Bryson • Seiler & Co
San Jose Sharks Ken Caveney Dir of Finance • ResourcesSteve Giusto CFO • Macerich Tom O'Hern Exec VP & CFO • Balboa Life Setareh Pouraghabagher, Senior VP • Southeast Toyota Corky Nelson CFO • Danger Inc Nancy Hilker CFO • Caesars Wally Barr Pres & CEO • Renovis John Doyle VP & CFO • Cuesta Constr Andy Kief President • Bell Industries Tracy A. Edwards Pres & CEO, ret • Brocade Michael Byrd President, ret • Hambrecht & Quist Patrick J. Allen CFO, ret • Caesars Wally Barr CEO, ret
Dean’s Advisory Council 2003 Impressions of the members survey for the Oct 2003 meeting
Dean’s Advisory Council 2003 • Recruited by major accounting firms disproportionately to the size of the college • Advisory Council that functions in significantly active and practical ways • Faculty that blends academia with experienced practitioners • Top accounting program for top accounting students to go to top accounting firms
Dean’s Advisory Council 2003 • Excellent professors almost all around • Tough and rigorous academic program • Very successful track record for developing highly skilled, highly demanded graduates • Focus in practical aspects of accounting. Grads are pretty much ready made for Big 4 firms and programs align with their requirements
Dean’s Advisory Council 2003 • Excellent track record placing Cal Poly grads with the Big 4 • Good reputation in the Big 4 community • Not focused as much on corporate accounting needs as much as might be required by industry • Excellent network within the school itself as well as with Cal Poly accounting grads in industry
Dean’s Advisory Council 2003 • Leading edge teaching and curriculum • High caliber faculty • Industry recognizes for outstanding quality
Strategic Planning Process 2002 Summer of 2002 survey of Alumni & Employers
Strategic Planning Process 2002 The survey question The students in this Area/concentration receive a high-quality business education Highest ranking Accounting
Strategic Planning Process 2002 The survey question The students in this Area/concentration receive preferential consideration from employers in my industry Highest ranking tie Accounting & MIS (management)
Great students Great employers Great jobs Successful alum