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Who Has Advice on Picking a Subgroup in a Big 4 Tax Practice?

We received a request from a young reader who got an email for their start date this summer and now needs some help picking a subgroup.

I am trying to decide between pass-throughs, C-Corps, and Consulting/research/writing.

Personally, our take is to remember some of the people that recruited you. If you felt like you would enjoy working with a particular person that you met during that process, start there. Shoot them an email asking them about the practice that they work in, what the work is like, what are the pros, cons, etc. Chances are they’ve spent time in other practices, so you ask for their opinion on those as well.

Since there are plenty of seasoned Big 4 tax gurus out there, help the soon-to-be new associate out. Advice along the lines of, “You’re screwed, they all suck,” and “Stay in school as long as you can, the real world is a bitch,” while grounded in some truth, is not what your future associates are requesting.

GC Weekend: How Did You Choose Your Firm?

Thumbnail image for BelushiCollege.jpgRecruitment is still going on in many parts of the country and soon little grasshopper accountants will have to make a decision on where their career will start. Their decisions will be based on many factors, including but not exclusive to:
The obvious
• Benefits
• The people they meet
• Perceived prestige of the firm (or lack thereof)
• Work/life balance
Web CPA has a piece from last week written by an HR service professional that makes the point the better benefits will yield better employees for a firm.

Okay, maybe. As important as benefits packages are, most firms offer competitive packages that won’t serve as a deal-breaker. That still doesn’t stop some partners from boasting about standard options that most companies already have, however.
While we’re not crazy about the idea that benefits serve as the major selling point for employers, it does bring up the interesting question of how you were originally sold on your current (or former) firm?
Regardless of how you feel about your employer now, you were probably excited to start working for said company at some point. If you’ve hated your employer since day one then you seriously need to consider talking to someone. No one put a gun to your head to take the job so what was it that convinced you?
Maybe it was the firm with the coolest schwag? Maybe you were getting the extra-special hustle from a partner. Or maybe you just took what you could get.
Whatever your reasons for jumping on board, discuss them in the comments in order to give the recruits out there some guidance with some non-firm responses. Recruits if you’ve already made a choice, discuss who and why. For the rest of you, if you knew then what you know now, would you make the same choice? Some recruits are still getting the pitch now so let’s give them the straight shit. They’re going to be working for you, after all.

Accounting Student Demands

Maybe demands are a stretch but they do have some ideas of what they would like. CPA Success has a short list that covers stuff that isn’t related to money or free booze:

• Mentoring with senior people in your organization.
• An understand the big picture and why they are doing things.
• A career pathway or road map: What are the rules of the game and what do they need to do to get promoted?
• Flexibility when possible. They believe work is an activity, not a place to go.
• An open-door policy to the senior management.
• Involvement and a sense that they are valued for their talents and education.

How realistic do you, as the current members of the bean counter workforce, believe these to be? “Rules of the game” sounds a little like, “how do I get promoted without being good at my job”. Plus, “sense that they are valued for their talents” isn’t exactly a strong suit from what we hear.
Are students in for a rude awakening? Help them out people For the students out there, feel free to add other demands to the list, this can’t cover everything. Run with it.

The Enigma of Business Casual and Other Questions Recruits Ask

business casual?.jpgWe brought up recruiting yesterday which brings up many questions from the students out there who are looking to impress the firms that are coming to campus.
KPMG has some suggestions including getting a haircut and reminding everyone that “college attire does not necessarily equal business casual attire”.
This is good to know because sometimes wearing your sweats to class gets really convenient and changing clothes should typically delayed until you’re ready to go to the bar.
Since we have some the best and brightest readers we’ll put it out to them to give the co-eds some suggestions on how to land their first gig. Our only suggestions would be to show up sober and wear shoes but use your judgment as such formalities are often overrated.