A Palo Alto, CA-based CPA firm that most of you guys have never heard of has the top accounting internship program in the U.S. and the second-best overall internship program in the country, according to Vault-Firsthand’s ranking of the top internship programs in the U.S. for 2023.
Vault-Firsthand said this about the summer internship program at Frank, Rimerman + Co., which had a score of 9.495 out of 10 and was ranked No. 2 in the top 100 overall internship programs in the U.S.:
Regarding Frank, Rimerman + Co.’s career development opportunities, one intern said, “The firm really takes the time to put together all of our training and work schedules to maximize our experience. It is very easy to network with anyone at the firm because they are all so approachable and willing to share their thoughts and experiences with you.” Another intern said the best aspects of the internship program are “the people, the culture, the work-life balance, and the transparency.”
The process from moving to Frank Rimerman intern to employee after graduation was clearly communicated as well, according to the following intern review: “The expectations of interns and full-time employees were made clear to us many times throughout the program. In fact, we were warned of the few circumstances which would cause us not to receive an offer. Towards the end of the internship, the recruiters met with us one on one and shared the feedback they had been receiving on us, hinting at which direction the company was leaning in terms of our offer. This level of clarity and honesty from an employer is greatly appreciated.”
Oooo, I wonder what those “few circumstances” are? Making derogatory remarks to a co-worker? Sitting on a partner’s desk while Snapchatting? Watching porn in their cubicle? Taking a three-day vacation without telling anyone?
This past summer, Vault-Firsthand surveyed more than 12,000 current and former interns from more than 130 internship programs about their actual internship experiences. On a scale of 1 to 10, with 10 being the highest and 1 being the lowest, respondents were asked to rate their internship experiences in six core areas:
- Quality of life;
- Compensation and benefits;
- Interview process;
- Career development;
- Full-time employment prospects; and
To determine an overall score for each program, the ratings were assigned relative weights based on what interns told Vault-Firsthand they value most in an internship. The overall scores are based on the following weighted formula:
- 30% career development;
- 20% employment prospects;
- 20% quality of life;
- 20% compensation;
- 5% diversity; and
- 5% interview process.
Vault-Firsthand then compiled rankings of the top internship programs in more than 25 different areas, including best overall internships, best internships by industry, and most prestigious internships.
Here are the 25 firms with the best internships in the accounting profession for 2023, according to Vault-Firsthand:
1. Frank, Rimerman + Co. (Summer Internship)
3. Elliot Davis
5. EisnerAmper (Audit Internship, Tax Internship)
6. Moss Adams (Summer Internship)
7. Grant Thornton
8. Frazier Deeter
9. Baker Tilly (Accounting Internship)
10. Plante Moran
13. H&CO (Brilliant)
14. BDO USA
18. Wipfli (Accounting Internship)
20. CBIZ MHM
21. PKF O’Connor Davies
22. Cherry Bekaert
23. Lumsden McCormick
24. Eide Bailly (Accounting and Technology Internship Programs)
Soon-to-be accounting grads who only care about interning at a prestigious accounting firm can choose from one of the Big 4 because all of them are among the 50 most prestigious internships in the U.S.:
25. EY (EY Launch)
27 PwC (Summer Internship)
If you’re interested in seeing past Vault accounting internship rankings, you can find them here: 2022, 2021, 2020, and 2019.