5 Year Master of Accounting Program and wanting to go into IB
I am currently going into my 4th year of a 5 year accounting program and will sit for my CPA after graduation. Is there a way to market this as an advantage for IB?
Biggest advantage that will give you is an extra year to recruit over students with 4 year programs. That is pretty much it. The 5th year generally is just a way to get enough credit hours to sit for the CPA in certain states, it doesn't actually make your accounting knowledge that much better. If you sit for the CPA, you may get questioned as to whether you really want to do IB because getting the CPA adds no value to your work as a banker and is costly in terms of money and time, so why would you do it? You think a bank wants you studying for a CPA exam during a live deal?
Not considering IB, obviously there are good reasons to do the 5th year Master and CPA, because it can provide some career flexibility and backup plan if things don't work out elsewhere as accounting can be an extremely safe and lucrative path. But not sure it leads to a lot of advantages in the recruiting process.
Best bet is probably to find alumni/others that are bankers that also have their CPA (can look for big 4 as past company, for example), and try to connect with them as they are most likely to view your plan in the most positive light.
Following on connecting with Alumni - To narrow your search, try bankers that entered post-MBA. I know quite a few CPAs that worked audit or TAS before switching to banking. That should give you an idea of (a) view of CPAs and (b) potential back-up plans.
Some banks appreciate having an intern who has the big 4 audit experience under their belt (long hours, shit work). The best way to market it is like being a redshirt athlete with an extra year under your belt.. the masters in accounting itself doesn’t mean anything.
most people in my 5 year program didn’t sit for the CPA if they were going banking or consulting.
I'm graduating a semester early any value to the CPA at all because of the extra time between graduating and FT?
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