Category Archives: Recruiting

Experiences and thoughts on the recruiting process.

New to Austin and Ready to Go

IMG_8515Hello to the UT MPA blogosphere! My name is Olivia and I am currently gearing up to start my tMPA experience in about a week.  First…some information about my background. My undergraduate degree is in Fine Arts, so my path to the UT MPA is a bit atypical. Though I was strong in math in high school and started off in Engineering as a college freshman, I quickly discovered the dark rooms on UPenn’s campus and fell hard for photography. When I graduated with my bachelors, I headed out to San Francisco on a whim and soon found myself at a 9-5 desk job that included a sprinkling of Accounts Payable. Yearning for more, I signed up for an evening Financial Accounting class. That class quickly spiraled into more coursework that inspired me to  research graduate programs.

Two years and four months after that first Financial Accounting class, I am thrilled to be writing on this blog, which was akin to a bible for me throughout my application process. I moved to Austin just under a month ago, and so far I am loving it. Truthfully, a lot of my time has gone to setting up my apartment, brushing up my resume, and most significantly, hunkering down and making my way through a 243 page learning resource that the MPA office mailed out to those of us enrolled in Financial Accounting this summer called “Solid Footing.” I just finished it and must admit, I feel like a master of debits and credits. Hard work aside, I have had some time to explore the city. Some of my favorite experiences have been: meditating in The Color Inside, eating at Kin and Comfort (unique and delicious Thai/Southern fusion), lingering on Rainey Street (especially on a weekend afternoon), exploring The Ransom Center (their WWI exhibit is incredible), seeing Obvious Child at Violet Crown (the theater has a modern design, reserved seating, and tasty food), relaxing on Spider House’s patio, and tubing on the Guadalupe River. High on my to-do list are the Umlaf Museum and Sculpture Garden, Lady Bird Johnson Wildflower Center, the Baylor Street Art Wall, and ziplining on Lake Travis at night. Between all of the festivals, museums and galleries, restaurants, parks, and historical landmarks, I don’t think I will run out of things to do in Austin anytime soon.

Though I could easily occupy my time with non-academic, non-career pursuits, there is work to be done! I came to Austin for UT’s MPA program of course, and things will kick off for me this summer with ACC 381 – Financial Accounting with Brian Lendecky and ACC 380K.11 – Introduction to Taxation with Terri Holbrook. This is a pretty typical summer schedule for those entering the tMPA, unless you come to UT with academic waivers. After 5 weeks of those courses, we have a week of orientation. The orientation schedule was recently published and it is a jam-packed week including a faculty lunch, an Academic Advising presentation, a career panel, an etiquette dinner and finally, a two and a half hour career fair. Five days later, fall classes officially start. There really won’t be a break for most MPAs as BA 285T – Financial Management with Ramesh Rao starts during orientation week, before the start of most Fall classes.

I’m ready. Are you?

Recruiting: Semester Wrap-Up

Dwight_MemCan it really be the end of the semester already?! Time flies when you are having fun and that is exactly what the recruiting semester as an MPA is, FUN! As the semester comes to a close, I realize I have had such a great experience recruiting and have learned so much more about all of the firms. I have been taken to all sorts of different restaurants, venues, etc. around Austin that I have never been to, all due to recruiting events.

I last left off talking about interview week. Well after interview week, you get your callbacks inviting you either for an office visit or maybe just inviting you to recruiting events. Each firm has a different process as far as when they schedule your office visits. They are really good at communicating this with you and are always available for any questions you may have. After you get the callbacks, you start getting invited to one event per firm per week until your finals period. Be prepared to be busy!! I suggest keeping all of your options open, recruiting with as many companies as you can, but be careful to not bite off more than you can chew. School is just as important as finding the perfect job (since you need to graduate to even start your job!) so really think about your schedule before moving forward with recruiting. Once you start attending recruiting events, you sort of find your niche. You will be recruiting with the same group of students usually for each firm and you will start seeing the same recruiters at each event every week, which helps you make new friends both with recruiters and students. Then after all of the events, you will have your office visits! If all goes well, after your office visits you may receive an internship offer. The decision is never easy, but as long as you go with your gut you will end up where you are suppose to be!

I hope you guys have enjoyed reading my recruiting process as much as I have enjoyed going through it. Third year MPAs usually do one of three things during the summer after their third year: industry internship, summer school, or study abroad (sometimes study abroad and summer school together). I will be doing a full semester of classes this summer. I hope that everyone had a great semester and that your summer is filled with good times!! Oh, and good luck on finals! 🙂

Recruiting: Interview Week

The crazy week of interviews and pre-interview dinners is past and somehow I have managed to survive. How did I survive you ask? Was it nonstop coffee and late-night studying? Was it doing my hair/makeup everyday (which I usually do not do)? Was it dressing business professional nearly everyday of the week despite the hot, muggy temperatures outside? YES. Despite all of this, it was also an incredible experience. Yes, I admit, it was scary being interviewed by partners consecutively but I feel so much more confident now. And who doesn’t like getting treated to steak dinner every night for a week? No complaints there.

The W Hotel, Downtown Austin

Pre-Interview Dinners

The firms will host a “pre-interview dinner” each night before your interview with them the next day. The dinners will be at a nice place or hotel downtown, such as the Omni or the W. They are usually catered with amazing food and also may include a fun event, such as casino games and a short presentation. At these dinners you will get a chance to speak with your interviewer. This is extremely helpful because it will help you feel more relaxed for the interview the next day. If you can make some good conversation with this partner at the dinner, the same good vibes are sure to carry over into your interview the next day. Also, please do not forget about etiquette at these dinners! You may be nervous and forget which forks and knives to use (hint hint….I did that) but that is OKAY! Remember that nobody is perfect, and you are bound to make a few mistakes here and there. Focus on what you can do to make recruiting successful (clean clothes, good sleep, etiquette) and forget about the stuff that is out of your control (redness, sweating, whatever!). Just keep smiling and know that they really do just want to get to know you!

Interviews

The interviews were my favorite part of the whole week. I am not sure if I am comfortable with one-on-one interactions or if I just had really good conversations but either way the interviews went better than I expected. I am definitely the type of person that gets nervous and shows it, so my first piece of advice is to remain calm. It is not as big of a deal as you will make it out to be in your head. By your last interview of the week, you will be a pro at getting interviewed. In fact, I found myself laughing during a couple of my interviews. The partners are people just as much as we are and they enjoy jokes, too. Bottom line? Just be yourself! Do not undermine the importance of the interview, but also realize that you will be working with these people and they want to make sure your personality fits with the firm.

Things to remember for your interview: unofficial transcripts, follow-up thank you emails, and the right business attire (Yes, ladies that means pantyhose is included!).

What is a CFP?

Too often we find ourselves in a certain track, not realizing there are other paths out there also worth exploring. Accounting students are prone to this mentality with so many thinking that a CPA is the only certification worth pursuing. While this may undeniably be the Holy Grail for accounting, there are other worthwhile careers like a Certified Financial Planner or CFP that is also worth looking into. My fellow MPA student Brooks Butler has written some on this topic but I’d like to delve deeper into this particular certification, especially since we just had a speaker talk about that in our most recent MPAC General Assembly Meeting.

Mr. Pilgrim and I

CFP is a certification for those who are looking to help clients, mostly individuals and families secure their financial future. Mr. Alan Pilgrim, coordinator for the UT Professional Development Center, visited with MPAC this week and likened the profession to that of a doctor-patient relationship. A CFP is someone who helps clients in planning their finances for life events, such as having kids, paying for school, saving for retirement, etc. With the recent financial crisis in 2008 and the marketing push initiated by the CFP Board, this role has never been more important. Mr. Pilgrim asserted that this profession would be in the top five in demand careers in the next decade, especially when you consider the retiring baby boomers needing help with their finances.

There are a few caveats to a CFP, however. First, as eager as MPA students may be to jump in this opportunity, the profession and the clientele mostly reward seasoned folks. Those with significant work experience will succeed and our young age right now, according to Mr. Pilgrim, is not going to be an advantage. This is understandable because I wouldn’t trust a 21-year old with my retirement nest egg, assuming that I have one. Nonetheless, I think it is important to be aware of this, because the demand for CFP is only going to get higher and this would be an excellent opportunity 10 or 15 years down the road.

Second, with more women handling the family’s finances, Mr. Pilgrim also observed that women CFPs have become even more in demand. Given the highly personal nature of the profession, it is not far-fetched to expect clients to be able to relate to their advisors, especially the ones helping with their finances. There’s a lot of client interaction in this profession, so solid relationship building skills are absolutely imperative.

All in all, I think a CFP is a rewarding career because at the end of the day it is about helping people. It is about creating a financial security for clients and lending one’s expertise so that they may live the life they envision for themselves. The good news for us accountants is that this is a path we can take and it’s not about collecting an alphabet soup of letters just because. One has to really examine whether a certification is suitable for one’s goals and ambitions. Because in the final analysis whether it is a CPA or a CFP or something else, it is about the value we derive from it.

Recruiting: Week Three

MPA Mock Interviews

If you have ever taken BA 101, a class required of all first-year business majors, you probably know what a mock interview is. Basically, mock interviews are practice interviews. Each semester, MPA career services holds a round of mock interviews for MPA students right at the beginning of recruiting season. This semester things have been a little different as a snow day delayed the event until the end of the month.

As an MPA student, you want to take advantage of this resource and sign up for the MPA Mock Interviews as soon as you can. They are a great tool for students to gauge how well they interact during an interview and practice thinking on the spot. It’s also a great confidence builder. Sitting through three or so mock interviews will ensure you feel more at ease talking with employers. MPA Career Services brings in actual recruiters to interview you in these practice interviews. It is possible to end up practicing with the exact same recruiters you interview with at the real thing! While it’s kind of a roulette when it comes to what employer you get, no matter who you interview with it is still good practice. I encourage you to sign up for multiple!

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Resume Drop Period

Sometime around the first week of February there will be a period where you are permitted to finally apply to the job postings on OCR (Online Recruiting System). Our resume drop period just ended a few days ago and, from my experience, there are several things you need during this time. You need cover letters, a resume, official transcripts and time. While having cover letters or resumes ready might seem obvious, the fact that you need official transcripts might come as a surprise to you as it did to me and most of my friends in the program. Do not wait until the last minute to request trancripts! Some students this semester found out on the last day that you needed them and there was a possibility that school was going to be closed due to weather that day. Luckily, school remained open. However, they had major freak-outs that could have been avoided.

Lesson to be learned: Do not wait until the last minute to start applying to job postings.

You will find during the application process there are certain documents you need from the school. These applications may require you to apply online, which can take a good amount of time. Do not want to rush through your applications! Make sure to set aside a decent amount of time so that you can complete them thoroughly. The last thing you want is to lose an opportunity because you did not submit all of your documents on time.

Miss the first installments of April’s MPA recruiting experience? Check out Recruiting: Week One