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Insider Information for Prospective Texas McCombs Students

Category: Careers (page 3 of 5)

Tips to Stay Connected, Productive, and Sane While Working Remotely

Stuck at home? Telecommuting and leadership expert David Harrison shares 8 tips for how to make the most of this unusual work-from-home moment.

By: Sara Robberson Lentz

 

 

An unprecedented number of people across the world — from CEOs to college students — now find themselves working from home. For some, this change is causing anxiety and uncertainty about how to maintain productivity.

David Harrison is a management professor at the McCombs School of Business and a research expert on effective telecommuting and leadership. We reached out to him for advice on how to make the most of telecommuting while practicing social distancing during the COVID-19 pandemic.

“The data on telecommuting is overwhelmingly positive,” he says. “Our meta-analysis found that people who telecommuted actually had higher performance. The only downside was a possible drop in the quality of their relationship with their co-workers.”

His biggest advice is to keep the virtual communication portals open. “Maintaining a connection with your peers and team is crucial,” he says. “You should be prepared to communicate more frequently about your day-to-day processes.”

Harrison believes this could be an opportunity to see how telecommuting works in new settings such as the classroom. He encourages others to remember this is uncharted territory for many, and we are all in it together. “Be more patient, be more generous, and be more open. Hopefully you are picking up new skills,” he says.

Here are his tips for how to succeed at embracing this telecommuting change:

1. Stay connected with peers.

Social connection is good for psychological health and task completion habits. Do what you can to bring peers into your circle. Ask them questions and alert them when you have something going on that could be a joint online activity. For students, if you don’t have a virtual study group, now’s the time to make one.

2. All of us need non-task interactions alongside getting work done.

Communication builds trust, particularly through a narrow medium such as virtual (rather than face-to-face) work. Set aside the first 5 minutes of any meeting for “check-ins” about how the rest of life is going. There will be plenty to talk about during the next few weeks and even months.

3. Shared emotion is vital.

Don’t ignore your and others’ mood(s). If a virtual partner is feeling down and you’re giddy and goofy, that’s not helpful. Empathy matters. It builds trust and keeps the relationship going, even though the emotional cues are harder to pick up. The shared experience — the synchronization — is what matters. So, use face-based interaction when you can. Show support and you’ll get support.

4. Structure your day.

Create a schedule of online or virtual activities and stick to it. Routine is your rock, particularly when everything else is fluctuating around you.

5. Patience, patience, patience with technology is another key.

Things that used to go fast are going to slow down as everyone tries to crowd into the same bandwidth. All learning curves are steep at first. You will most likely get computer-frustrated. Have an outlet. (I have a hacky sack that is getting extra use right now).

6. Be able to show your work.

If you aren’t seen, people generally don’t think you are doing stuff. Try and create a trail and visibility for what you are doing by sending more emails, drafts, or even photos of your work. It’s important to involve others in what you are doing and for them to see proof of that.

7. Find apps to help you digitize.

If you’re working on things that are not digital docs, you need a way to translate them online. I recommend investing in a smartphone app that goes from photo to pdf. Some excellent apps are free, including a native app in the Google Suite and my favorite, “Tiny PDF.”

8. Take a learning orientation, not a performance orientation, to this weird time.

Think about how this part of your life is helping you develop your repertoire of virtual collaboration skills. You’ll definitely use them again. If you master Zoom, try Microsoft Teams, and so on. In the long run, and paradoxically, a learning orientation creates better performance because of the breadth of talent you’ve amassed.

Learn About the MPA Consulting Club!

Are you looking for a career in consulting or advisory? Then you have come to the right place! We interviewed Sarah Childers, MPA ’20 and former president of the Master in Professional Accounting Consulting Club (MPA CC), to tell us more about this student org and its resources for MPA students at Texas McCombs.

WHAT IS THE MPA CONSULTING CLUB?
The MPA Consulting Club is an organization to prepare and inform MPA students about careers in advisory and consulting.

WHY WAS MPA CC STARTED, AND HOW LONG HAS IT BEEN IN EXISTENCE?
Recruiting for consulting and advisory is quite different than audit and tax, and it requires additional steps in recruitment strategy and interview preparation. Therefore, a few MPAs started this student org three years ago to help students prepare for a career in consulting/advisory.

HOW DOES THIS ORGANIZATION HELP MPA STUDENTS?
It provides resources for interview prep, case partners, workshops with employers, networking with employers and alumni, mentorship, recruitment strategy development, case interview preparation, and more.

WHAT’S YOUR FAVORITE PART ABOUT MPA CONSULTING CLUB?
Mentorship! You can learn a lot from other students’ recruiting successes and mishaps. It’s a great community full of intelligent, driven MPAs.

WHAT KIND OF EVENTS DOES MPA CC HOST?
We host networking and technical workshops (valuation, deck-building, case prep), as well as informational (what is consulting/advisory, who recruits at Texas McCombs, how do I recruit) and social events.

HOW HAS MPA CC PREPARED YOU FOR SUCCESS IN YOUR PROFESSIONAL CAREER?
It has given me more insight into consulting/advisory so I know what to expect in the working world (and what positions I would excel in). Mentorship has also guided me in choosing the right job and company, and from a technical standpoint, I feel prepared for interviews and financial modeling.

HOW CAN STUDENTS JOIN MPA CC?
Come to a meeting! There are annual dues (contact Xinyi Lu for more information). You can also fill out this interest form or visit our website at texasmpacc.org to learn more.

IS THERE ANYTHING ELSE YOU WOULD LIKE TO SHARE ABOUT MPA CC?
Those interested in investment banking may benefit from the mentorship and technical workshops that MPA CC offers.

To connect with the current MPA CC Executive Board members, view their homepage or send them a message.

What is the Best Way to Become a CPA?

You’ve decided to become a Certified Public Accountant, but you’re not sure how to go about getting there. A bachelor’s degree, even in accounting, is typically not sufficient, as most states require 150 hours of college credit (plus other educational and work experience requirements) for the CPA license. Here are a couple of options to consider if you are set on pursuing this career path:

  1. Take the required accounting coursework for CPA exam eligibility as a non-degree-seeking student. Available at some colleges and universities, a non-degree-seeking option may be a good fit if you are already working and have built a professional network. This approach would help you meet the requirements for the CPA exam and may provide more choices in course delivery, such as evening, weekend or online classes.
  2.  Study a graduate degree in accounting, such as the Texas McCombs MPA. This is a great option if you are seeking employment opportunities, want to expand your professional network and would like to enroll as a full-time student. The benefits of a structured master’s degree program include dedicated career services, connections with students and alumni, networking opportunities with employers and the addition of a higher-level degree to your credentials. Most graduate accounting programs require specific pre-enrollment courses. The Texas McCombs MPA helps you to make an easy transition to a new career by requiring only five pre-enrollment requirements, which can be completed at a local community college.

Contact us if the Texas McCombs MPA sounds like a good match for you!

MPA Alumnus Profile: Isaiah Massey

Ten years ago, Isaiah Massey (traditional MPA ’09) was named an Elijah Watt Sells Award winner. He started his professional career with Deloitte in Houston and now is the CFO of CAZ Investments. Read on to learn more about Isaiah and his journey from auditor to CFO.

WHAT’S YOUR STORY, ISAIAH?
My family continues to be the greatest success of my life. Professor Clement told me once that my spouse would be the greatest driver of my success, and he was correct. I have been married to my wife, Hope, for 13 years and we have two sons: Ridge, 6, and Kruz, 4. The time I spend with them gives me the strength of character it takes to be successful in my profession. At CAZ Investments, I have a team that I can trust and we support our team’s success both in the workplace and at home. My role here deals with all things legal, compliance, and accounting/reporting, but the team is what sets the experience apart.

WHY DID YOU CHOOSE TO STUDY ACCOUNTING?
Originally, I went to Wichita State to become a math teacher since I excelled in math in high school and teachers were the only professionals I knew growing up in Dexter, Kansas (a town of about 100 people). While I have a high level of respect for teachers, I quickly grew bored with the content. An accounting professor challenged me to pivot; I read a few chapters of the textbook and immediately knew it was something I enjoyed and could be successful in.

WHY DID YOU DECIDE TO MOVE TO TEXAS TO EARN YOUR MPA?
I wanted to go to the best school possible, and UT Austin was at the top of the rankings. The program also helped to make it financially possible for me to attend, which I continue to appreciate. It was a school and region that I was generally familiar with from growing up in the Midwest, so that also put it above other great schools.

WHAT WAS YOUR FAVORITE CLASS WHILE AT TEXAS McCOMBS?
I took two classes from Professor Robert Prentice: a course in CPA ethics and a course in insider trading/applied finance law. He wrote his own textbooks, loved mornings like I did, and is one of the most genuine people that I have ever met. He cared about each student and how we were doing on a daily basis. Over the course of my tenure at Texas McCombs, I remember Professor Prentice, Professor Clement, and Professor Granof all offering me personal advice that went beyond the classroom and actually changed how I lived and what I valued. For them to care at that level was very special, and I continue to appreciate them and view them as great teachers and leaders who influenced me.

HOW DID YOU FIND OUT YOU WERE A SELLS AWARD WINNER?
Someone from the AICPA called to tell me that I won the award. It was fairly late in the evening and I was still onsite at a Deloitte client, so the first person I told was my manager (a fellow UT grad, Asylbek Osmonov). I initially thought it was a practical joke of some sort because the call was outside of normal business hours and I never thought it was likely that I would win, but the caller knew so many details that by the time I hung up, I knew it was legitimate.

TELL US ABOUT YOUR CAREER PATH.
I was at Deloitte for a few years, then left to work in Austin at a company called Stratfor. I was lucky to have great leaders to learn from at both places. Shea Morenz, also a UT grad, was my CEO at Stratfor and I am not sure that I can ever repay the confidence and trust he placed in me as a young accountant, as he propelled me into a leadership role as Stratfor’s CFO. He gave me room to grow, forgave my arrogance and mistakes, and continues to be supportive of me today. Currently I am CFO at CAZ Investments in Houston.

WHAT IS CAZ INVESTMENTS?
CAZ Investments is an investment manager that provides access to investments that might otherwise be unavailable to our investors. We embody our leadership and our team in our culture, and we value each other more than we value ourselves. That spirit of selflessness in the team permeates to how we value and work with our investors, sponsors, and vendors. To me, that is what sets us apart.

WHAT’S NEXT FOR YOU?
A rural boy from Kansas who had never heard of accounting as a profession until he was 19 has wandered into being educated at the best schools and taught to lead by great men and women. I couldn’t predict the details, but if history tells me anything I will look up in five years and realize that I continue to be a very blessed individual.

Recruiting for Full-Time Positions While in the MPA Program

Recruiting for full-time positions starts the first week MPA students arrive on campus. The MPA program hosts multiple events in different formats so incoming students have the opportunity to meet representatives from a wide range of organizations. Let’s explore the fall recruiting events and what they entail.

MPA Career Lunch
The MPA Career Lunch is the first recruiting event of the semester and is held during Orientation. This is normally where students first meet recruiters. Approximately ten organizations attend MPA Career Lunch, and each give a brief introduction while highlighting topics that affect their company and industry, such as market trends and regulatory changes. Each company’s representatives then sit and interact with students during lunch. Afterwards, a networking dessert reception is held so students have a chance to connect with all organizations attending MPA Career Lunch. A similar event called MPA Career Dinner also takes place during the spring semester.

Day 2 Networking with Recruiter 4

Students connect with a Briggs & Veselka Co. recruiter during the MPA Career Lunch.

MPA Meet the Firms: A Speed Networking Event
Meet the Firms is another event that occurs during Orientation. It provides a venue for students to connect with recruiters in a format that offers both a structured speed networking and more informal open networking. Think of speed networking as “speed dating” – two students sit with an employer and the trio have the chance network. After seven minutes, the two students rotate to a new employer. On the other side of the room, students can meet other companies they did not encounter during speed networking. All in all, 20 organizations were present at Meet the Firms. This is another event that takes place during the spring semester.

Day 3 Speed Networking 2

A recruiter from Phillips 66 shakes hands with an MPA student.

MPA Mock Interview Day
Mock Interview Day is held during the second week of class. This event allows MPA students to practice and improve their interviewing skills by signing up for mock interviews with recruiters. 20 different companies come to campus to mock interview students. Not only is this a great way for students to meet targeted organizations where they’d like to work, but it also gives them more confidence going in to actual interviews. After each mock interview, the recruiter fills out a feedback form which is given to the MPA Career Services team. Feedback is then relayed to the student so they can prepare for upcoming interviews. Mock Interview Day takes place in the spring, as well.

Mock Interviews

Students chat with recruiters before mock interviews.

MPA Industry Night
MPA Industry Night is held during the third week of class. Students attend this event to learn more about the industry employers that hire MPAs. Ten companies travel to UT’s campus and host three 25-minute information sessions that provide students a brief overview of their organization, culture, and career opportunities. After the info sessions, students have the option to connect with all participating employers at a networking reception. It is great way for students to learn more about an organization, then meet with a recruiter one-on-one.

Industry Night 1

 MPA students mingle with recruiters from Dell and ExxonMobil at Industry Night.

These four events all take place within the first few weeks of school, but resume and LinkedIn workshops, career advising, peer-to-peer mock interviews, employer interviews, and more are continuously happening throughout the semester and year. Our program strives to offer a positive and helpful recruiting experience by providing multiple avenues for students to meet recruiters and prepare for interviews so they have a job secured by graduation.

Keep an eye out for more career information throughout the year by checking back on this blog and our Facebook, Twitter, and Instagram pages!

How Sweet It Is: MPA Alumna Spotlight

Texas McCombs was fortunate enough to have two Elijah Watt Sells Award winners in 2017: Hyungmin Kim and Maureen Sweet, both MPA Class of 2016 graduates. Let’s learn more about one of our winners, Maureen Sweet.

Maureen Sweet exemplifies what it is to be a top student and accounting professional. She’s hard-working, smart, and an Elijah Watt Sells Award winner. The 2016 Texas McCombs Master in Professional Accounting alumna is one of only 58 Sells Award recipients in 2017.

Maureen grew up in northeast Ohio and completed her undergraduate studies at Fordham University in the Bronx. She received her BA in Spanish Language Literature and minored in Business, and she especially enjoyed her undergraduate accounting courses. After graduating from Fordham, she managed the finances for Stupid Cancer, a nonprofit in New York City that leads the way in advocacy, research, and support for young adults with cancer. Something clicked for her while she was filing Stupid Cancer’s annual statements. She loved how she could use financial statements to gain insights into how a business operates. “It gave me a holistic picture of the company, and I learned how to problem solve,” Maureen said.

Maureen knew she had found her calling. When she began considering graduate accounting programs, Texas McCombs made her short list. Three things came to mind to explain why she chose to attend UT-Austin: the program’s prestige, the city, and her future. “The reputation of the MPA program speaks for itself. And I knew I’d love Austin,” Maureen added. “Plus, the program would help me get all my credits for the CPA exam in a short amount of time.”

While in the MPA program, Maureen grew relationships with the faculty and MPA staff members, as well as other students. She attended four of her classmates’ weddings last year!

Maureen knew she only wanted to take the CPA exam once, so studying was a top priority. A few months after completing the exam, she was contacted by the AICPA and told that she was a recipient of the esteemed Elijah Watt Sells Award. Needless to say, Maureen was beyond ecstatic. “I was extremely excited and honored to receive the Sells Award,” she commented.

In the fall of 2016, Maureen started her new career at Deloitte Tax in San Jose, California. Before she hit her two-year anniversary, Maureen was promoted to Tax Senior. “This is exactly what I wanted. I love consulting with interesting clients.” Additionally, she is taking advantage of the beautiful outdoors in the Golden State.

As for the future, Maureen plans on staying in public accounting and enjoying the opportunity to see a broad range of experiences with her clients. “I’m looking forward to continuing to be in a career that challenges me every day,” Maureen said. And we here at Texas McCombs cannot wait to see how she changes the world.

Texas McCombs’ other Sells Awards winner in 2017, Hyungmin Kim, is a BBA graduate of Seoul National University and earned his MPA in 2016. He is currently employed with The Dow Chemical Company in Midland, Michigan.

 

Read more updates from the Department of Accounting in the fall issue of The Accounting Times.

Conversations with MPA Career Services

What types of careers are possible with an MPA degree?

Conversations with Career Services is an opportunity for prospective students to uncover the full range of career options the MPA program can offer.  From investment banking to finance from consulting to advisory… our students have gone there.

Come join the career services team for small group discussions on your dream job.  This is a great opportunity to dispel some myths, uncover some new information, and get your questions answered.

RSVP and join us! Pizza will be served at the conclusion of the session.

DATE:  April 20, 2018

TIME: 11 a.m. – 12 p.m.

LOCATION: UT-Austin, Room: UTC 1.102

Questions? Contact peermpa@mccombs.utexas.edu

Why the Texas MPA?

Tower #1 for Rose Bowl national championship Jan. 8, 2006_6618

Why should you attend the MPA program at UT-Austin? Consider this…

1) Top-Ranked Accounting: The McCombs School of Business graduate and undergraduate accounting programs are Ranked #1 with U.S. News and the Public Accounting Report. What contributes to our reputation for excellence?

2) High Quality Campus: The University of Texas at Austin is ranked highly in the nation and the world. Attending a top national university offers distinct advantages, such as access to

3) Great Place to Live: Would you like to live in a city that offers a relatively moderate cost of living and other attractive features? The city of Austin regularly tops many rankings, such as the city most likely to prosper over the next 10 yearsone of the top cities for job seekers and fastest growing city. Austin offers great weather and plenty of outdoor activities in a laid-back, friendly environment and consistently receives high accolades for quality of life, innovation, employment opportunities, cost of living…and the list goes on….

4) Longhorn Spirit: The University of Texas at Austin is filled with history and traditions and plenty of exciting athletic events.

Want to learn more about our program from a student’s perspective? Read Live and Learn, our student blog, or contact an MPA student ambassador.

Hook ’em!

Is Accounting Right for You?

Are you seeking a stable and rewarding career?

Do you have strong analytical and communication skills?

Do you enjoy creative problem solving and working with others?

Would you like to start your own business or help one grow?

Accounting may be a good fit for you! Individuals with accounting skills work in a variety of settings, such as public accounting, banking, consulting, health care, real estate, technology, nonprofit, government and entertainment.

Accountants provide the financial foundation of business. They are trusted advisors and help companies remain competitive in the global economy. Whereas other professions may be affected by economic down cycles, accountants are in high demand, even in turbulent times.

Did you know that junior-level accountants in a large firm typically make between $68,000-$90,000 per year, and those with more experience can make up to six or seven figures? Here are a few examples from Robert Half, 2018 Salary Guide for Accounting and Finance Professionals:

  • Chief Financial Officer: $119,000-$497,000
  • Controller: $90,500-$220,500
  • Financial Analyst Manager: $83,500-$159,250
  • Forensic Accountant: $75,000-$143,250
  • Internal Audit Manager: $87,500-$167,000
  • Tax Director: $109,500-$268,000

Add 15% to these numbers if you have a graduate degree, CPA license or other certification.

Want to explore more? Try these websites:
www.startheregoplaces.com/students/

www.thiswaytocpa.com/profession/

 

 

The Obsolete Accountant?

Will accountants become obsolete?

What is the role of the future auditor?

Jeff Johanns, accounting lecturer at the McCombs School of Buiness and former U.S. Assurance Risk Management Leader at PricewaterhouseCoopers LLP, provides insights in this recent article:

The Myth of the Obsolete Accountant

 

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