What Accounting Firms Look For in New Hires

There has never been a better time to enter the accounting profession. Accounting firms of every size are eager to get versatile individuals onto their teams. Here are four ways that you can separate yourself from your peers and stand out to recruiters.

1: Get to the next level with the CPA Exam

Firms want those they hire to be CPA eligible and on the path of pursuing the credential. A desire to obtain your CPA license not only shows that you are committed to the profession, but it also is a great indicator to firms of determination and dedication. It is generally recommended that you begin the process of sitting for the CPA Exam as soon as you meet the 120-credit requirement. Studies have shown that individuals who take the exam immediately after that have substantially higher success rates.

Not only do firms highly encourage taking the exam, but most will also pay for your exam and study materials and award a bonus if you pass the exam within your first three years. For the larger firms, this bonus is typically around $5,000 if you pass within the first year.

2: Technical skills

As technology continues to evolve, recent graduates must be skilled with the information systems used in the accounting world. Recruiters agree that candidates must have critical-thinking skills and an in-depth knowledge of Microsoft Excel going into the workforce. While a lot of the formal training happens during the onboarding process, having a basic understanding of the technology can give new hires a big leg up.

Careers in accounting are becoming increasingly automated, which means that entry-level accountants now have much more critical roles within the firm. Long gone are the days of repetitive bookkeeping tasks and long journal entries made with pen and paper.

3: Communication skills

It is a common misconception that accountants work in solitude. For new accounting grads, it is important to realize that public accounting is a service industry, which makes strong written, verbal and client communication skills essential. It is not rare for new hires to meet with clients the first week on the job. Those who are able to effectively communicate with clients and others within their firm are likely to achieve higher success.

Written communication is also paramount to the success of a public accountant. Being able to present complex information in a clear and concise manner allows a firm to work effectively and efficiently. Examples of written materials an accountant may prepare are financial reports, strategic plans, proposals and memos.

4: Be well-rounded

Many of your peers will have a similar education level, so it is important to find ways to set yourself apart from the crowd. One way to do this is by getting involved on campus and within your community. Joining your university’s Beta Alpha Psi or accounting club and taking on a leadership role can help show your commitment to accounting while also providing you great networking opportunities. Recruiters will also take work experience into account, and having a background in business can help show that you are ready for a professional role.

In conclusion

There are countless factors to consider when looking at all of the options in public accounting, such as firm size, work-life balance and how much you are going to get paid. Connecting with recruiters and accountants can give you insight into a how a firm might be right for you. Most importantly, find a firm that shares your values and has a culture that fits who you are as a person.