November 21, 2018

Aspiring CPA Wants to Know if Grad School GPA, CFE Will Overshadow Lackluster Undergrad GPA

Back with another edition of “I need advice from a bunch of strange accountants,” a soon-to-be MSA grad is concerned about their low undergrad GPA. Will the Big 4 crush him out like a stale Parliament?

Have a question about your winding career road? Concerned about a recent pest problem and not sure how to handle it? Watching other companies bail on their new logos and wondering if you should do the same? Email us at [email protected] and we’ll give you some better options than Helvetica.

Meanwhile, Back on cI graduated from college with a BA in business and have a 3.1 undergrad gpa. After working in a supply chain department for three years I left a low-level management position for a one year full-time MSA program. I will graduate next summer and I currently have a 3.9 gpa. Also, I recently passed the CFE exam, I will be CPA eligible in December, and I’m hoping to join BAP.

What advice can you give me for when talking to recruiters or attending job fairs this fall? Will firms look past my unimpressive undergrad gpa if I keep my grad gpa high? How do recruiters typically view candidates that are a few years out of undergrad and have little accounting work experience? Is there anything I can do to positively differentiate myself from students who are following the traditional 5-year accounting path? Will I have a shot with the Big 4? I really want to work in public accounting, but if I don’t get competitive offers from large firms I may stay in school and pursue an MBA.

Have we talked about grades in the past? Sigh. We’ll go over this again.

In this day and age, the Big 4 is being more choosey with their entry-level hires. They simply aren’t pulling hobos off the street, asking them to pick up a calculator and start solving client’s financial reporting and tax issues. That said, your low undergrad will likely put you at a disadvantage versus your fellow recruits, especially in the eyes of set-in-their-ways partners who look at grades as a measure of potential success within their firm (which only takes the best and brightest!).

Is it bullshit? In the opinion of the editor – yes. But that’s the dealio, so let’s move on.

Judging by your pending CFE credential, it sounds as though you could possibly be interested in forensics. If that is the case, this interest and your CFE – that your tradish 5-year grad won’t have – differentiates you from the pack. You know exactly what you want to do and you have tangible proof. USE THAT to stand out from the crowd. There may be a 23 year-old 4.0 wunderkind that has the firms drooling but they have not one iota about that person’s ambitions. You know exactly what you want. Make them understand why that will be an asset to them.

And what about your previous work experience combined with your graduate GPA? DWB says that can help you too:

Sounds like you had a successful stint in the corporate world once you graduated. One could also assume you found your legs; you have a good head on your shoulders moving up to a management role. Your recent work history and grades during the MSA program are more indicative of your abilities than what you did when you were 20.

The odds are still against you but you’ve got a shot. And if you really want to work in public accounting, don’t forget that the Big 4 is not the end all to be all. Grant Thornton just picked up Huron Consulting’s investigations practice which could be a good fit for you. Many of the other top ten firms (choose your list: Vault or IPA) out there will have forensics shops, so your public accounting aspirations can easily be realized. Get out there and make it happen.

Back with another edition of “I need advice from a bunch of strange accountants,” a soon-to-be MSA grad is concerned about their low undergrad GPA. Will the Big 4 crush him out like a stale Parliament?

Have a question about your winding career road? Concerned about a recent pest problem and not sure how to handle it? Watching other companies bail on their new logos and wondering if you should do the same? Email us at [email protected] and we’ll give you some better options than Helvetica.

Meanwhile, Back on campus:

I graduated from college with a BA in business and have a 3.1 undergrad gpa. After working in a supply chain department for three years I left a low-level management position for a one year full-time MSA program. I will graduate next summer and I currently have a 3.9 gpa. Also, I recently passed the CFE exam, I will be CPA eligible in December, and I’m hoping to join BAP.

What advice can you give me for when talking to recruiters or attending job fairs this fall? Will firms look past my unimpressive undergrad gpa if I keep my grad gpa high? How do recruiters typically view candidates that are a few years out of undergrad and have little accounting work experience? Is there anything I can do to positively differentiate myself from students who are following the traditional 5-year accounting path? Will I have a shot with the Big 4? I really want to work in public accounting, but if I don’t get competitive offers from large firms I may stay in school and pursue an MBA.

Have we talked about grades in the past? Sigh. We’ll go over this again.

In this day and age, the Big 4 is being more choosey with their entry-level hires. They simply aren’t pulling hobos off the street, asking them to pick up a calculator and start solving client’s financial reporting and tax issues. That said, your low undergrad will likely put you at a disadvantage versus your fellow recruits, especially in the eyes of set-in-their-ways partners who look at grades as a measure of potential success within their firm (which only takes the best and brightest!).

Is it bullshit? In the opinion of the editor – yes. But that’s the dealio, so let’s move on.

Judging by your pending CFE credential, it sounds as though you could possibly be interested in forensics. If that is the case, this interest and your CFE – that your tradish 5-year grad won’t have – differentiates you from the pack. You know exactly what you want to do and you have tangible proof. USE THAT to stand out from the crowd. There may be a 23 year-old 4.0 wunderkind that has the firms drooling but they have not one iota about that person’s ambitions. You know exactly what you want. Make them understand why that will be an asset to them.

And what about your previous work experience combined with your graduate GPA? DWB says that can help you too:

Sounds like you had a successful stint in the corporate world once you graduated. One could also assume you found your legs; you have a good head on your shoulders moving up to a management role. Your recent work history and grades during the MSA program are more indicative of your abilities than what you did when you were 20.

The odds are still against you but you’ve got a shot. And if you really want to work in public accounting, don’t forget that the Big 4 is not the end all to be all. Grant Thornton just picked up Huron Consulting’s investigations practice which could be a good fit for you. Many of the other top ten firms (choose your list: Vault or IPA) out there will have forensics shops, so your public accounting aspirations can easily be realized. Get out there and make it happen.

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Is G to the T run by a secret group of Al Pacino-esque figures that are working against the forces of good?
Maybe not but the otherwise boring-assness of that particular lobby is def working too hard to not be noticed…