E&Y’s annual intern conference invaded Orlando yesterday and the ‘Berg had Director of Campus Recruiting, Dan Black on to discuss Gen Y and why they are pre-tay, pret-tay, pret-tay important to the future of the firm.
Interns
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E&Y
Ernst & Young Striving for Fewer “Cookie Cutter” Engagement Teams
By Caleb Newquist
Now that it’s officially August, that means a few things:
1) Everyone around starts bitching how summer is almost over
2) The tax compliance folks take a field trip to the nearest Radio Shack to stock up on their batteries for the two and a half month stretch and
3) This year’s interns starting getting their offers for fulltime employment.
Good afternoon and Happy Thursday, people. For the sake of your sanity I decided not to write about LeBron James and his impending decision*. Today I wanted to focus on something that is plaguing all of us right now – the summer months.
What the devil are you talking about, Daniel?
You heard me, my accounting cohorts. The summer months are traditionally a down time for most public accounting professionals due to the accounting cycle combined with the influx of extra hands on deck (i.e. peppy interns). The lack of significant workloads during July and August can be enough to drive even the most motivated accountant to the breaking point of boredom.
Here are a few tips to get you through the days ahead once you reach the max weekly usage on Pandora:
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News
If You Were Expecting a Nice Breezy Internship with Plante & Moran, You’re Going to Be Disappointed
By Caleb NewquistThis is serious P&M interns. You probably thought this little summer jaunt at P&M would be just an easy way to get some overtime hours and blow all your money on booze. Well. Actually, it might be you’ll also be expected to walk in on Monday and pull your weight.
Coffee jockeys? No. Xerox duty? Of course but it will be only the important documents. But scavenger hunts? Forget it. The only scavenger hunt you’ll be going is for material misstatements.
Bienvenidos
…kind words from John Veihmeyer? Obviously! Bagels with schmear? This isn’t 2007. Happy hours where the booze flows like wine? TBD.
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Big 4, Careers, The Big 4: A "Professional" Racket
Just a Cog In The Big 4 Machine
By Francine McKenna
Attrition levels in the Big 4 are at historic lows. People are staying, if they can, because of generally weak prospects outside. Unfortunately, the Big 4 and next tier are still cutting, as evidenced by news on this site and consistent reports on re: The Auditors.
The pace in the external job market for former Big 4 audit and tax professionals is picking up slightly. There are jobs in industry, but it’s best to scout those carefully and make sure you’re “the one” before planning your good-bye party. The CFOs seem to be unable to make up their minds about hiring:
Summer interns are en route to an office near you; either already on board or on their way this week, sporting their early summer tans. Just in time for the work load to shrivel up to next to nothing and summer hours to be instituted – gotta love the timing! But nonetheless summer intern season is a wonderful time of year, and I want to make sure GC helps celebrate the summer.
Today’s post is a cry for help on two different levels (has my job really come to the point of groveling?). Here’s the scoop:
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Deloitte
Former Deloitte Intern Not So Good at Gambling on Corporate Card, Lying About It
By Caleb NewquistIn blatant-misuse-of-the-corporate-credit-card news, a former Deloitte “trainee/student” (let’s assume an intern, shall we?) has admitted to racking up over £8,800 in gambling debt on his Deloitte issued credit card.
Continuing with the busy season theme, let’s touch on everyone’s favorite coffee jockeys, the interns. This isn’t prime season for interns at accounting firms but we know there are a few lucky (?) teams out there that have an extra set of hands on deck.
Getting serious for two, this time of year, everyone is under pressure to get things done and if you happen to have an intern on your team, they either make your job infinitely easier or they are the bane of your existence. If you fall into the latter category, why is this the case?
It’s pretty easy for you to conclude that the blade of grass tapping you on the shoulder every ten minutes is the person at fault but a lot of times, interns get thrown into bad situations where they end up working for seniors or managers that are so swamped (or helpless) that they can only think about their own workload while there’s a 21 year old that needs something to do (besides looking through menus and making copies).
