Category Archives: Career

recruiting, internship, professional development, career workshops and events

When All Else Fails, Go With Your Gut!

Professor Jeri Seidman
Professor Jeri Seidman

People don’t necessarily make better decisions when they are more informed. I think intuition is more important than information, most of the time. In the book, Blink, bestselling author Malcolm Gladwell talks about how people often make great decisions based on an inner feeling. It’s a really good read.

Anyway, I found this to be true (at least for myself) this semester.

I really like my Intro to Tax with Professor Jeri Seidman, not because I love learning about rules (or more appropriately, their exceptions) though the night, but because of the way they focus on preparing students for real work (and world) issues. For example, I was watching the MSNBC show, “Meet the Press” last week and David Axelrod, White House senior adviser, was talking about the some challenges associated with extending the Bush tax cuts. I appreciate some of the problems he was talking to a much larger degree now, more so because Professor Seidman had briefly talked about about them in class. And that feels good. Another speaker (whom I don’t remember now) was talking about why there there may be no real correlation between tax cuts and job creation, which I found pretty interesting as well. I ended up discussing some of these topics during an interview, and found myself really getting along with the person who was interviewing me! (Side note – regarding bringing politics into interviews – I would say…Please don’t do it!) However, the fact that I had an opinion was something that my interviewer really liked. And his responses and questions really helped me gauge the culture of the firm I was interviewing with. Basically, what I think I am trying to say is, I have found myself leaning towards firms for inexplicable reasons. People always talked about “culture-fit” and I thought that it was just a lot of nice sounding words. It’s not. Many of my classmates also talk about “gut feelings” and how they have helped make their decisions about which firms to join. I really believe that is what it boils down to for most people. Feeling comfortable.

So what is the culture at UT? Well, the culture is defined by the people here. And what words would I use to describe them?

Energetic? Yes, for sure.

Ethical? Yep.

Professional.

Fun.

But what makes faculty and students at UT stand out?

….Being here for three months, I would  say it is the standards they strive for.

So, if you ever find yourself trying to make a decision for school, work or anything else…and you have some tough choices, try narrowing them down based on instinct. And if UT is one of those choices, just think to yourself: Do I want to be with people who set the bar high? If you answered yes, then you would fit right in!

Deloitte’s CEO Barry Salzberg Visits Texas

Mr. Barry Salzberg, CEO, Deloitte
Mr. Barry Salzberg, CEO, Deloitte

Two of the most respected professionals in the business field were having a conversation onstage and I couldn’t pass up the opportunity to become a part of the audience. Deloitte’s CEO Barry Salzberg was interviewed by Dean Thomas Gilligan through the Distinguished Speakers Series hosted by the Undergraduate Business Council. It was interesting to hear the insight of someone who truly excels in his field. After hearing him speak, I thought of Mr. Salzberg not only as a very intelligent professional, but a true leader that everyone should look up to.

The Leader

Mr. Salzberg talked about his very first job as a payroll clerk at the New York City Board of Education. From a young age, he was already acquainted with numbers, calculating teachers’ income. Because he was working for educators, Mr. Salzberg developed a passion for education and the value it brings to every individual.

Moving on in his career, Mr. Salzberg worked as a tax accountant. He established himself as the “go-to person” of clients and co-workers by being accessible and by teaching himself to be technically knowledgeable. He did more than just serve his clients; he took every opportunity to learn and broaden his skills.  He even went to law school, not with the goal of practicing law, but to expand his way of thinking and be a better tax professional. This determination has catapulted him to become a partner. As a partner, he focused on working with people –promoting diversity, developing a harmonious environment, and being open to all kinds of people. He emphasized the importance of communication, transparency, and the ability to lead in difficult times as tools to become an effective leader.

Although Mr. Salzberg has been very successful in his field, he said that he also had made some mistakes in the past. Mr. Salzberg recalled an incident he encountered as a partner. He and his team had successfully resolved a major client issue, but he failed to communicate that to the then-chairman of Deloitte what his team had accomplished. This miscommunication caught the chairman off guard when he had a conversation with the client. Since then, Mr. Salzberg says has been enlightened to the true importance of communication, and of not catching someone off guard.

Having a leadership coach was also something that helped Mr. Salzberg become a more promising leader. As the CEO of a multibillion dollar company, there were some areas that he needed to improve on to become a better leader. He mentioned that he has been working with his leadership coach to handle dissenting situations more effectively. No wonder he shines not only in the accounting field, but in the leadership arena as well.

Deloitte and Globalization

Mr. Salzberg also talked about what differentiates Deloitte, LLP from other professional services firms. He emphasized the firm’s “breadth of competencies” and the “depth of services” it provides. It is also a culture-focused firm that has become more diverse through the years and has continued to keep up with economic globalization. Although the firm continues to face the challenge of uncertainty and strain on human resources, the firm maintains to provide meaningful service and participate in promoting the “interconnectedness of the world economy.”

Words from the Leader

Who wouldn’t want to seek the advice of one of the most respected professionals in the business field?

Mr. Salzberg mentioned the importance of having a mentor that provides one with objective advice and criticism. Mentors “broaden [one’s] experience base.” Mentors make a person realize things that an individual would not have seen otherwise. He advised the students to “have different mentors today than what you’ll have tomorrow” and that we must pick our own mentors and believe in their advice.

He also stressed the significance of having a work-life balance. Effective time management and planning are both very important. “You should not believe for one second that you have to choose [between the two].”

In terms of finding your place in the business world, he mentioned that the company you should pick is the one that “has passion for the cause of what you’re doing,” and must have the value set that matches your own.

Last, Mr. Salzberg affirmed the value of having a personal brand in order to stand out. “You need to be who you are–someone who really understands that they are a person unto themselves…and you know that person is somebody who is filled with integrity, sincere, no issues whatsoever about what they are saying. Somebody who has the trust of others, and who themselves is trustworthy.”

Recruiting Series: I. What Do I Talk About?

After a week’s hiatus, I’m back to address some questions that I have been asked by some third-year students. As my usual blog style, though, I’d like to talk about some of the week’s tidbits first.

Congratulations to Texas Basketball

Tristan Thompson (13) shoots over a defender.

Congratulations to the Texas Men’s Basketball Team for kicking off the season with two victories in the 2K Sports Classic benefiting Coaches vs. Cancer. Good luck this season, and I look forward to supporting the team in their next game against Illinois on November 18.

New Concept Statement?
Don’t look now, but it looks like Concept Statements No.1 and No.2 may be gone! Check out SFAC No.8, which was completed with collaboration from the IASB.

The Fed will Buy $600B of Treasury Securities
(Why is this important again? Umm, because we’re business students, and we live in this country.) The Fed announced last week that it will buy Treasury securities in an attempt to stimulate the economy. The hope is that interest rates will be pushed even lower, encouraging people to go out and spend. (Recall the composition of GDP.) There are concerns about what this policy will do to inflation and asset bubbles. Here is the Fed’s official statement, and here is an article to supplement it.

Anyway, onto the main topic.

What do I Talk About When I’m Talking With Recruiters?

Johnny Carson hosted The Tonight Show from 1962-1992.

There will only be one Johnny Carson, but that doesn’t mean you have the option to remain unseen and unheard during recruiting season. One of the questions I receive from third-year students is What do I talk about?! This is totally a valid question, and it’s more of an art than a science. From being there, I know that I had to somewhat reinvent myself in order to survive. From being the quiet guy in the corner to being a guy who would orchestrate the conversation, I’m going to relate what I had to do in order to escape anonymity in recruiting season.

First off, before telling you topics to talk about, know that I am not the best at this skill. The art of conversation is extremely difficult, and it is still something that I am learning today. (Just when I thought I had mastered the skill, I realized I had developed the opposite problem—I don’t shut up.) Learn from classmates who are really good at this. Second, I can’t stress the importance of being well-rested during recruiting events. You’ll be energized, and, perhaps even more importantly, you’ll be better able to think before you speak. There’s nothing worse than finally having the confidence to carry a solid conversation, and then blurting some faux pas….with confidence. You need to be mentally alert, and when you are, then you have the opportunity to get crafty and use elements such as wit, humor, emotion, etc. Continue reading Recruiting Series: I. What Do I Talk About?

My Accounting Story: Not Your Typical Daytime Drama

by Riny Varghese

Why accounting? My family, friends, teachers, recruiters, almost everyone has asked me that question. To be honest, I’ve been asking myself the same question every day. Growing up, it never crossed my mind that I would be an accountant. So how did it all begin? This isn’t your typical afternoon soap opera…This is the story…

Decision to pick accounting

I graduated high school with a set goal that I would be a journalist. However, after realizing that it was not the career I could see myself doing for the rest of my life, I let go of this goal and decided to consider other options. I went to a community college in California, where I took so many random classes, none of which would lead me to a clear career path. I went through a period of confusion and frequently switched majors. I thought I was going to be an engineer, a computer scientist, a pharmacist, or an English teacher. I was in a state of panic, because I didn’t know what to do with my life. That’s when I decided to take the careers assessment test at my college’s counseling center, and voila–accounting was one of the most compatible careers for me. Coming from a family of engineers, I did not know anything about this field. I decided to take an accounting class and liked it. Close to the end of the semester, my accounting professor talked with me to ask if I was interested in majoring in the subject. I told him I was considering it, but he reassured me that it is a great field to get into and that he could see my potential to do well in the subject.

Transferring to the McCombs School of Business and the MPA program

I was very excited that I got into the No. 1 Accounting program in the nation. Unfortunately, my first semester in the program was far from a smooth ride. I was struggling to keep up with all my classes, and I felt that I was very unprepared for the rigor of courses in McCombs, not to mention the MPA program. It was the first time I received C’s on my exams.  I questioned my abilities, my motivation, my career path–why am I in accounting? I went through another period of confusion. I was about to switch majors again, when I realized that I was just trying to escape failure. I am not a quitter. I changed my perspective and learned to appreciate my classes, regardless of how hard they were. I realized that I’m in school to learn and not to get a 4.0. This perspective took so much pressure off my shoulders. I enjoyed accounting again, which is why I am happily blogging about it.

The Tax Track

So now that I’m firmly determined to do accounting, which accounting path should I pursue? Continue reading My Accounting Story: Not Your Typical Daytime Drama

An Insight into the MPA Recruiting Process

By Riny Varghese
 For this week’s blog, I want to go back two months and share some unique experiences I had during the first few weeks into the MPA program. One of those things was definitely the “Open House” event, during which I had the opportunity to meet with partners and recruiters of three top-tier public accounting firms in New York. How? Well, this was an initiative spearheaded by the Director of the program, Jim Franklin, and the MPA recruiting office to assist students interested in working in cities outside of Austin. They organized “Open Houses” for key cities, both within and out of Texas. We had the freedom to choose the cities and companies that we were most interested in, from the list of participating firms. At this point, I think I may need to clarify this: it was our responsibility to pay for our traveling expenses. The cost of travel for a class of more than 100 would be too formidable for either the school or the companies to undertake at this point. Now I chose New York because my family eventually hopes to settle down there (That’s another plus of being part of this program – you actually have options as far as the cities you want to live in!). I met with two of the Big 4 and one of the top six public accounting firms. The experience was very informative, since I could ask questions specific to my location of preference. The recruiting process, specifically for New York, became clearer to me as well. But the best thing was being able to meet these folks without the pressure of having to interview with them. Because of that, the whole recruiting process became less intimidating.

The second event I really enjoyed was the recruiter panel session during orientation week. During this session, representatives from four sectors (government, consulting, Big 4 public accounting and regional public accounting) talked to us about the recruiting process. Continue reading An Insight into the MPA Recruiting Process