I am currently a rising junior at the University of Texas - Austin as a BBA accounting major. I completed my sophomore year with a 3.25 GPA increasing from a dismal 3.0 GPA from my freshman year (although the point increase is not very impressive). As far as my career goals/interests go I would like to see myself getting an internship in industry/fortune 500 (GE or Boeing ideally) or at one of the Big 4 in their Audit division (ideally PwC).
There are a few problems with my career path though. Firstly I have no major significant work experience. The only remote business related experience I have had was as a corporate relations/development intern at a non-profit firm and that was the summer prior to my freshman year in college and also I served as a Tax intern this past spring at a Tax firm locally. This year I started to heavily recruit using our online recruitment system and some local places (literally applying daily and consistently) but with no luck I didn’t receive any interviews and I also got the same response from the HR people “Sorry we are only look for juniors. Try again next year”. With this I couldn’t find ANYTHING for this summer and so I spent this summer traveling and I don’t know how this will fare when recruiters see that I haven’t done anything finance related this summer. This was a little sample of my terrible luck.
The other issue is my GPA. Although I have a decent alibi for it being fairly low in the beginning (I took all my hard major classes in the beginning like an idiot) I feel like its still going to kill my chances slowly. The good thing out of this though is that now I don’t have any necessarily difficult classes now that I knocked them out, but this still puts me at a disadvantage because I feel like I am automatically booted from all the company positions that I would like to apply to. For the companies that I am interested in I have noticed that the GPA requirements are a minimum of a 3.25 (and some even 3.5 especially Deloitte and PwC) so that automatically puts me at the lower end of the range almost realistically killing my chances of getting an interview.
Lastly but more worse is that I recently was notified that I didn't get into the 5 year BBA/MAcc integrated program here at UT Austin. For those of you not familiar it is a program that allows students to get their Masters in Professional Accountancy Degree and BBA degree in 5 years and be able to sit for the CPA. This is specifically worrisome for me because there are rumors here that those in the integrated MAcc program steal all the Big 4 jobs from the regular BBA Accounting students so I am really worried about that.
With this my questions are:
1) How badly does my GPA and lack of Work experience hinder me from getting a Big 4 audit position or Fortune 500 corporate finance position( preferably out of Texas)
2) If any of you know do the integrated MPA students steal all the Big 4 positions from those who aren't in such a program? Or is it they get a boost because they will be able to sit for the CPA exam before actually working full time?
3) If the big 4 do take traditional BBA accounting students how would the job progression work since I am looking to enter work after graduation? Do they let you go after 2 or so years since you don't have a CPA or do they reimburse you to go back to school get a MAcc and sit for the CPA?
4) If I don't happen to get in to the integrated program again next year is it worth applying to an MAcc program/MPA program separately or should i just immediately sit for the CPA once I reach my 150 hours? IS there a necessary benefit to doing a MAcc?
5) **For those that do know: How heavily do other Big 4 offices recruit here at UT Austin if known? Are we limited to Texas Big 4 offices only or other major city offices?
I apologize for such a long post but I am sort of freaking out here!
I appreciate you all for taking the time reading this. Any suggestions, tips, help is very much appreciated