Accounting Internships

Deloitte Interview Questions

2010-02-20T02:26:00.000-08:00

Interview at Deloitte might vary very much.
You might have a behavioral, case or a general interview.
Before you for an interview ask your friends who had interview with Deloitte and
get their feedback on what type of interview you had. Being prepared will increase your chances of getting your desired accounting internship.

But assuming that you are still in college it will most likely that you will have
a behavioral interview.
First of all, google behavioral interviews and answer as many questions as you can
since it will really make a difference at the end of the day.
And basically search on google and find out more about behavioral interviews.
Also don't forget to go over your resume and prepare a couple of examples from each line on your resume. The example should include a problem which you had and how you solved it.
So it could be we had some issues and I suggested to implement this type of system or blah blah.

Anyhow here are some of the questions which I found that they could ask.
And you have to remember that your goal is not just to be able to answer the questions, but be able to bring an example to the question which will make you shine. Sell yourself! Get that accounting Internship!
Btw. If you know of more possible questions which could be used at Deloitte then please share it with everyone by commenting

"Give an example of a situation in which you had adversity in a group and how did you solved it?"

"Describe a time where you were in a team where a conflict occured. How did you solve the conflict, what was the outcome of the group project?"

"Describe a situation where you were asked to lead a group and tell me what you did that was both effective and ineffective in motivating your group members."

"Describe a time when you have asked for feedback from someone."

"Describe a group project you worked on. What was your role and how did you make it succeed?"

"Give a very specific example of a time when you had to prioritize and put something else above academic activities."

These two questions below are taken directly from the deloiite's career site
“How did you go about deciding on your class project recommendation?”

“Give me an example of when you had to deal with adversity. How did you resolve it?”

Good luck on finding your accounting internships

What To Do During recruitment?

2009-12-18T11:55:00.001-08:00

Not surprisingly, most interns are hired during accounting recruitment events.
So you really have to go to those career fairs.

I will tell you some insight on what exactly recruiters like to see during the recruitment.

First of all your appearance.
Go to Man's Warehouse and buy a nice $500 dollar dark suite, dark blue tie, and s white or blue shirt. Make sure you look professional, that includes your hair, handshake, smiles, everything. If you don't wear suite, you don't look professional... remember that. It is important for any accounting internships

Before talking to the recruiter, make sure you know if you are interested in a full time position or an internship. Don't just say, I am interested in both. But it is always better to say that you are interested in an internship unless you already had an internship with them because 90% of their new hires went through an internship program with the very same company. So you do the math.

Also, absolutely make sure which division you want to work for. Are you interested in Audit, Tax or transfer pricing or whatever. Don't just say that your interested both in Audit and Tax Accounting Internships or that you are interested in Audit but would also consider Tax. Because this means that you don't know what you want from your career and that you are not goal oriented.

Basically make sure which location you are applying for and for what time (summer/winter). It is always better to check what they actually are offering. Because Delloite might be hiring only two Audit accounting interns for their Chicago location from your school.
And you say that you want to go for Tax, or that you want to work in New York... You will not get anything.

So basically do the research, be prepared and good luck.
There are more beneficial posts, so keep on reading.

Good luck on your search for accounting internships

What are Big Four Companies looking for in Accounting Interns

2009-12-18T11:45:00.000-08:00

I haven't written for a while but this is the most updated post with up to date information what qualities Big Four Companies are looking for when hiring interns.

Most Important is Of course GPA
And I am not talking about your overall GPA but your Accounting GPA. Your Accounting GPA has to be high. Of course how it should be depends on the University which you attend.
But most of the Big Four companies won't even look at your resume if you don't have above 3.4
So get that GPA up if you really want to get accounting internships

Also important is the Leadership Skills.
Do you hold any officer positions in any student run organizations, if not, then you should.
Join Accounting organizations of your school, stay after organizational meetings and talk to the president of the organization or/and the adviser and ask them if you can become an officer. This will look really good on your resume.

Previous Work/Internship experience.
Of course if you interned with some really good company, then even if you don't have a high GPA, you might still get the internship. But if you worked as an accounting clerk for a small company, it is not as important as your resume. Still having some experience will look good on your resume.

Community involvement - is surprisingly also important.
Do some volunteering and make sure your bring that during recruitment events or in an actual interview.

I wish you luck on finding your accounting Internship

How to get an Accounting Internship

2009-07-01T16:21:00.000-07:00

In this blog, I will provide you with step by step instructions that will help you in your internship search.
First of all you should start by reading this post Accounting Internship and you can navigate from there.

Accounting Internships in Michigan

2009-04-06T19:05:00.000-07:00

Accounting Internship in Michigan

I will just simply list accounting companies in Michigan.

Delloite - offices are listed below
Ann Arbor, Detroit, Grand Rapids, Lansing, Midland
PWC
Detroit, Grand Rapids
Ernst & Young
Detroit, Grand Rapids, Troy
KPMG
Detroit

Accounting internships in Michigan other then the Big Four

Grant Thornton
Detroit
B D O S e i d m a n
Grand Rapids, Kalamazoo, Troy
C r o w e H o r w a r t h
It has offices all over the state.
U H Y
South field, Sterling Heights
V i r c h o v K r a u s e & Co.
S o u t h f i e l d
The R e h m a n n Group
It also has offices all over for you to search Accounting Internships in Michigan
D o e r e n M a y h e w
Troy
Y e o & Y e o
Locations are all over the Michigan.

This is the list of accounting companies in Michigan. Some of them may not be hiring any interns at this point, but most of the are I believe.
If you know more accounting companies in Michigan, please let me know.

I hope it helps you in your search for "accounting internships in Michigan"

Internships in Accounting

2009-04-06T09:07:00.000-07:00

Internships in Accounting

There is basically two ways you can go,
Audit or Tax.

If you are working for the big four then you are going to stay in that department. And if you get a job with in Audit, then you most likely will become and Auditor.

Therefore, before getting internships in accounting, you should ask yourself - Do I want to be an accountant for the upcoming 5 or more years. If the question is yes then your best shot is to get internships in accounting with the Big Four or other big companies (scroll down for the full list).

But the answer is no, and you just want to get internships in accounting and jobs in accounting so that you can get an entry job and you main wish is to move to other fields. Then, you should really look for a job at your local area. Pick out the big companies in which you want to work, they most like have internships in accounting area. If you are working for big company it is always a good idea to go for audit since it is the kind of job where you will learn how to do everything.

In a year or so, you can probably move to some other department, like finance department.

Good luck on your internships in accounting.

Paid Accounting Internships

2009-04-06T08:59:00.001-07:00

Paid Accounting Internships
I have good news for accounting majors,
But you probably already know this. Well basically speaking most of accounting internships are paid.

So you don't have to go around searching for paid accounting internships, just search for any internship.

Big Four companies pay somewhere between $21-25 per hour, so that is awesome.
And for other companies it really varies, so you should expect to get paid above $10, but most like $15.

For more information just read more in this blog, and don't search for paid accounting internships anymore

Summer Accounting Internships

2009-04-05T20:17:00.000-07:00

Summer Accounting Internships

Big Four accounting companies have summer leadership programs.
It usually last for a week or two, and then most likely you will get an internship with them the following year.

I know that D e l l o i t e starts to recruit for their summer leadership programs in the winter semester. I do not what the other companies policies are but most likely they will recruit during winter semester as well.

I know that big four usually does not provide summer accounting internships, it is usually done in the fall or winter semester. To make things short if you are looking for a summer accounting internships with the big four then you are late. You might have a good luck on doing it next fall or winter.

However, many other accounting companies are still recruiting students for summer accounting internships. Go check out the article labeled other accounting companies for the complete list of big accounting companies that should help you in finding your summer accounting internship.

Internship Search Websites

2009-03-29T20:11:00.000-07:00

I really like the Career Builder
It is free and it probably has the most amount of internships and jobs listed

Please feel free to add anything you know that was helpful in your internship searches

I checked out the nuResume, it is actually a really cool website, so check it out.
Thanks Claire for the comment

Accounting Internship

2009-03-27T21:51:00.000-07:00

Big Four

Ernst & Young
Price water house Coopers
D e l o i t t e
K P M G

Other Major Companies
to get an accounting Internship with.

Grant Thornton
R S M M c G l a d e r y
C B I Z
B D O S e i d m a n
C r o w e Group
P l a n t e & Moran
B K D

Read this blog, as I will tell you from my own experience how to get an internship in accounting area.

Rather than giving you bunch of links to some websites I will actually give you some advice that will be very helpful to you in finding internships not only in accounting but in any other area.

Ok Here it goes...

Step 1
(complete this step only if you can)
Get an internship with one of the Big Four Accounting Companies!

Who is the big four? ( in case if you didn't know)
Ernst & Young, Price water house Coopers, K P M G and D e l o i t t e.

Why get an internship with them?

Yeah it might sound repetitive to you as some of your professor might have already told you about this, but they are right. Getting an internship with the Big Four will open to you all the accounting doors.

How do you do it?
First

Register on their career services website.

Why?

In order to apply for an internship with the big four you should always first register on their website. You should understand that searching for an internship is not like searching for a job as companies most likely will never list their internships on some job boards especially big companies and they will require you to register on their website.

Ernst & Young
Price water house Coopers
K P M G
D e l o i t t e Touche

It will ask you to fill out a long application - do it. Register to all of them, some of them will ask you to fill out a survey about yourself which will probably take 5-10 minutes - do that as well. Answer all questions correctly as they will check with your University.

OK, now that you have registered on their career page, comes the next step

Step 2

Go to their Campus Career Recruitment.

You can find that information on their website. But I would rather check with your university career services since when I tried to find information on their website about their recruitment on my campus they said that they were not having any, but my university career services confirmed the opposite.

So check with your career services department

Big four companies most often have recruiters that will come to campuses mostly during fall, and recruit certain number of students based on the prestige of your university and their University - Big Four relationships. Make sure you attend these recruitment. If it is not offered in your University than check with other Universities around your area, they most certainly should have recruitment in any top two universities in your state.

Note: If you don't go to the career recruitment you most likely will not get an internship. It's a must for you to go to a career recruitment unless your uncle can get you an internship position. If you don't have it in your University than check with the career services of a different University. Call them and they should be able to help you.

Well did you like the article?
Was it helpful? Or did you know it all already?
Either way if you want to know more just keep on reading as I will tell you more about their hiring strategy and some interview tips.

International Students

2009-03-27T09:49:00.000-07:00

You are an international student

First thing you should know is that it will be very hard for you to get an internship with the big four

Why?
-They have to offer you a sponsorship (H1B visa), which costs money and effort
-When you first come to work for a company you are just a liability, they have to train you, teach you and then you will become an asset. Well what they are afraid of is that - what if you will just leave back to your country after they have put so much effort into you?

And remember only the Big Four accounting companies offer you a sponsorship, none other accounting companies will do that for you. So if you want to stay in America you have to get an internship wit them. And of course you can always become an illegal immigrant!

What you will need

Your GPA has to be at least 0.2-0.3 higher than what American student GPA needs to be. Just go to my main page and whatever requirement you see there add about 10-30% more to it and you should have a pretty good idea

Big Four Salary

2009-03-26T17:02:00.001-07:00

Big Four companies

Ernst & Young
Price water house Coopers
D e lo i t t e
K P M G

Big Four Salary for entry level accountants
Your salary may really vary by your first position as well as with your location.
If you are working in New York you will probably be paid more than if you are working in some small town for instance.

But on average, entry level big four salary is from
$45,000 - $55,000 plus bonuses $1,000 - $8,000

Entry level salaries for each company as follows

Delloite - $50,000 to $54,999
Ernst & Young - $50,000 to $54,999
KPMG - $50000 to $54999
PWC - $50,000 to $54,999

Big four salary for accounting internships

Deloitte - $24.50 per/hour
KPMG - $24.00 per/hour
PriceWC- $23.80 per/hour
Ernst - $22.50 per/hour

So over their Internship period you will be making around $10,000 dollars.

I have been trying to get some data for entry level salary for big four but it is rather hard to be exact since it varies so much depending on the city you are applying for work and also the department at which you will be working and so on. But toughly they pay about 43-60K for college graduates.

Accounting Resume

2009-03-25T05:59:00.000-07:00

I want to give you couple of hints about your resume,

First of all if you still have your high school resume,
or your resume includes information from your high school get rid it of it.
Whatever accomplishments you have done in high school are in your past now.

I could talk about resumes for hours, but I will just give you some very important highlights

Now that you have got your resume,
Very Important

It has to be 1 page long, do not have a resume that is longer than one page

It has to be easy to read

It should include following information

Your name and address
Your Objective
University, Major, Expected Graduation
GPA - you have to include it
Classes that you have taken related to your major
Your work experience
Leadership
Skills
References - If you don't have any references just say some thing like "reference is available upon request" - but its good to include reference

This is it, don't include anything more.

After you get your resume don't, go make an appointment with someone at your career services department so that they can take a look at it.

Hints

Put whatever GPA is higher, if your major GPA is 3.5 but your overall GPA is 3.2 then put your major GPA

Other than big four

2009-03-25T05:49:00.000-07:00

You didn't get an internship with the big four
Second Option

If you tried to get an internship with the Big Four, and you gave it your best shot but it just seems like you are not gonna make it, well don't worry you have more options

There are other companies who have less rigorous selection process , and you should be able to score at this level.

I have put the name of the most famous accounting companies that are prestigious after the big four. You should register at least for couple of them on their career webpage.

Grant Thornton
R S M M c G l a d e r y
C B I Z
B D O S e i d m a n
C r o w e Group
P l a n t e & Moran
B K D

Some of them might not have position at particular states so check what they have to offer first, and try to go to their career recruitment.

Btw. I just made up this Big seven name since there seven companies I listed.
Maybe, if I included the big four than I could have named it Big Eleven, but big seven sounds better.

Hint!
Talk to some of your professors in accounting field they probably know some internship openings. Networking, Networking and once again Networking is the key for success.

Big Four Minimum Requirments

2009-03-24T20:38:00.000-07:00

Since everybody wants to get an internship with the Big Four
They have very rigorous selection process.

Ernst & Young
Price water house Coopers
D e l o i t t e
K P M G

First of all you should be at least a sophomore, junior/senior preferably - no freshman

This is what you will need at least:

If your GPA is below 3.0, than don't even bother to apply for an internship with the big four as they will not even consider your application.

What GPA is good for them?

Some of them have requirements such as at least 3.3
I can not tell you the least GPA should have as it will vary with the Prestige of you University, however for a decent University such as Ohio State, or some other State University GPA of 3.4 and up should have a pretty good shot at getting an internship.

Notice: If you are international student requirements are different for you therefore
scroll down on this page and find the section for international students.

Next comes your leadership skills