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Old 05-27-2009 | 11:44 AM
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Default No Pay Job For Experience

I was browsing the local job listings on craigslist today and found this:

A certified Public Accountant with master degree in Accounting living in Bothell, has two more years experience working as financial analyst in a big company, constructing and maintaining various database, optimizing data processing model, usage information verification, forecasting and auditing, reconciling accounts receivable issues with vendors, writing UNIX shell scripts, using PL/SQL and SAP. Very good at computer. Passed all CPA exams and got CPA license in 2009 while taking care of the baby. Looking for no-pay position to accumulate experience in Accounting/Finance.
I guess aviation isn't the only industry with people like this! Is this why I'm having such a hard time finding another job?!?!
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Old 05-27-2009 | 12:26 PM
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What do you think an internship is?
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Old 05-27-2009 | 12:47 PM
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Originally Posted by tr disagree
What do you think an internship is?
Something that you do when you're in college or fresh out with little to no work experience.

This person (apparently) has a masters degree, a CPA, two years of experience in multiple industries, and proficiency with industry software. If this person cannot, at the very least, find employment as a first-year audit associate, (for $30-40K/yr), then the local economy and accounting industry is seriously in the crapper.
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Old 05-27-2009 | 12:57 PM
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Originally Posted by waflyboy
Something that you do when you're in college or fresh out with little to no work experience.

This person (apparently) has a masters degree, a CPA, two years of experience in multiple industries, and proficiency with industry software. If this person cannot, at the very least, find employment as a first-year audit associate, (for $30-40K/yr), then the local economy and accounting industry is seriously in the crapper.
seriously with a masters dg, I think this person is looking at the wrong places to work, or has a criminal background.
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Old 05-27-2009 | 01:03 PM
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I call BS to this. CPAs can find jobs. They aren't all over the place, but they are around.

My guess is that this guy needs work experience to qualify for CPA certification and requires flexibility as well for the kid. A no pay situation in a part time capacity would allow the work experience needed to apply for a CPA license in his state. Most states require 1-2 years working under other CPAs. His background doesn't appear to include that.
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Old 05-27-2009 | 08:16 PM
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Not quite...as a CPA you need to be:
a.) Actively working as a CPA
-and-
b.) accumulate about 20 hrs or so (state dependent)
each year in order to keep your CPA license (which requires a masters degree now).
So, I would say they are trying to keep their license active until they feel they can drop the kid in daycare and go back to work. I have a friend doing this same thing until her kid is older and she won't feel guilty about dropping him into daycare. It's a good deal for a smaller company that needs a CPA to audit (often required for loans) or tax prep.

HTH
Spongebob
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Old 05-28-2009 | 07:17 AM
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Originally Posted by Spongebob
Not quite...as a CPA you need to be:
a.) Actively working as a CPA
-and-
b.) accumulate about 20 hrs or so (state dependent)
each year in order to keep your CPA license (which requires a masters degree now).
Just to clear this up:

It probably varies from state to state. In my state, Bryris is correct; a CPA candidate must have 2,000 hours of work experience before qualifying for a license.

A master's degree is not required in Washington (and I don't believe it's required in most states). However, a bachelor's degree is required, plus the credit equivalent a 5th year of college.

In WA there is no work experience requirement to keep a CPA license active; however a minimum amount of continuing education courses are required.

Originally Posted by bryris
My guess is that this guy needs work experience to qualify for CPA certification and requires flexibility as well for the kid.
I agree; this might be what she's looking for. But fundamentally, I believe that working for free to get this experience is not much different than a corporate operator enticing a local CFI to fly right seat in a Citation for free.
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Old 05-30-2009 | 03:32 PM
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Sorry, my bad, that should have said "20 hrs of continuing education". Most college accounting programs will give you the Masters after the 5th year, so essentially a moot point, according to my co-workers (I work for a big-4).

Sorry for the confusion,
Spongebob
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Old 05-30-2009 | 04:10 PM
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Originally Posted by tr disagree
What do you think an internship is?
Something I was paid $20/hr for in 1999.

Everybody in my class worked as an intern for a couple of years in college (engineering), and we were all paid ok (I was actually on the lower end of the scale).
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Old 06-03-2009 | 12:19 PM
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Originally Posted by Spongebob
Most college accounting programs will give you the Masters after the 5th year, so essentially a moot point, according to my co-workers (I work for a big-4).
Again, to clarify: a masters can be earned during the fifth year at many schools by completing specific coursework for a masters program. However, the requirement in WA is not for a fifth year of accounting courses; simply a fifth year of college credit.

I've heard that the original spirit behind this requirement was to produce a candidate with a broader educational background, since the scope of accounting coursework tends to be rather focused. However, many (perhaps most) candidates now obtain their fifth year through continued accounting education.

Originally Posted by wrxpilot
Everybody in my class worked as an intern for a couple of years in college (engineering), and we were all paid ok (I was actually on the lower end of the scale).
Exactly!

Last edited by waflyboy; 06-03-2009 at 02:55 PM.
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