Cadetships 2008/09

[LeeLoo]

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i dont do economics or business studies but im really interested in getting a cadetship. do you need that knowledge to do well in accounting?

[redruM]

Originally Posted by LeeLoo

i dont do economics or business studies but im really interested in getting a cadetship. do you need that knowledge to do well in accounting?

No. You don't need to have either subject to get into an accounting degree (which is what you basically need for a cadetship).

You pick up the knowledge during uni.

[LeeLoo]

oh yay! thats cool

btw, who's going to the info evening on 24th may? =]

[seremify007]

Originally Posted by kow_dude

It's unfortunate that employers still judge a book by its cover.

Don't forget though, clients will also judge you upon first impressions. So if you are someone who typically doesn't leave a positive first impression, what do you think your clients will say? Especially if you consider the chargeout rates nowadays...

Originally Posted by LeeLoo

i dont do economics or business studies but im really interested in getting a cadetship. do you need that knowledge to do well in accounting?

I'm inclined to think that if you're interested, then that makes all the difference. However, remember that a cadetship is aimed at people who already intended to study Accounting (or at least Commerce/Business) at uni. If you're only going to be studying Accounting BECAUSE you got offered a cadetship, the program might not be that interesting/exciting for you.

[c0okies]

Originally Posted by seremify007

remember that a cadetship is aimed at people who already intended to study Accounting (or at least Commerce/Business) at uni. If you're only going to be studying Accounting BECAUSE you got offered a cadetship, the program might not be that interesting/exciting for you.

just HAD to tell you guys

e&y doesn't follow this expectation. I'm not sure about the auditing division but (correct me if i'm wrong) in the tax division, you're allowed to do a combined law degree - and it doesnt have to be combined with commerce.

OR you could do commerce + some other course =)

[an1tzz]

hey just a quick question, are cadetships mostly for 4 years?

[Meads]

Originally Posted by c0okies

just HAD to tell you guys

e&y doesn't follow this expectation. I'm not sure about the auditing division but (correct me if i'm wrong) in the tax division, you're allowed to do a combined law degree - and it doesnt have to be combined with commerce.

OR you could do commerce + some other course =)

Combined law degree yes. Whether or not you dont have to do commerce/business degree with it is open to discussion with EY.

[sweet-g]

Originally Posted by an1tzz

hey just a quick question, are cadetships mostly for 4 years?

The UTS cadetship is 4 years as opposed to the normal business course of 3 years. I for myself see UTS as the best uni for a cadetship.

[Vagabond]

What is the relationship between UTS and course length? A cadetship will be 4 years in length regardless of whether you go to UNSW, UTS or Macquarie.

[seremify007]

Originally Posted by c0okies

just HAD to tell you guys

e&y doesn't follow this expectation. I'm not sure about the auditing division but (correct me if i'm wrong) in the tax division, you're allowed to do a combined law degree - and it doesnt have to be combined with commerce.

OR you could do commerce + some other course =)

Are you sure? I'm pretty confident that most firms offering accounting cadetships are expecting the people to study accounting. It doesn't matter if you study something else like Law with it (and some firms, even PwC) will permit Comm/Law on a cadetship; but ultimately, you still need to study Accounting.

IMO if you're doing tax... I'm inclined to think studying accounting would be very useful/beneficial to you too.

Originally Posted by sweet-g

The UTS cadetship is 4 years as opposed to the normal business course of 3 years. I for myself see UTS as the best uni for a cadetship.

What are you talking about o_O "UTS cadetship"? Cadetships are run by the individual firms, not the unis.

[roadcone]

Originally Posted by seremify007

Are you sure? I'm pretty confident that most firms offering accounting cadetships are expecting the people to study accounting. It doesn't matter if you study something else like Law with it (and some firms, even PwC) will permit Comm/Law on a cadetship; but ultimately, you still need to study Accounting.

IMO if you're doing tax... I'm inclined to think studying accounting would be very useful/beneficial to you too.



What are you talking about o_O "UTS cadetship"? Cadetships are run by the individual firms, not the unis.

Tax is a bit different in that you don't necessarily have to do your CA because it isn't a requirement to practice. In fact in some firms it is preferable that you go and do your Masters as opposed to CA. As such, doing an accounting based degree isn't actually necessary and by I can assure you that when hiring into tax those with odd degrees are often accepted. And lets face it, your commerce degree / accounting major is actually of very little help practically when you are at work.

[seremify007]

So if someone is working on a tax cadetship, they don't even have to study Accounting at all? How will they understand the basics of things like GST payable/input tax credits, transfer pricing, gst agents, tax structures, etc...? I mean some stuff will obviously be taught on the job, but there's the theory side which I can't see how else you could learn.

Btw, is Tax considered a major in itself? If so, then I understand where you're coming from... but I was always under the impression Tax is part of Accounting.

[c0okies]

Originally Posted by seremify007

1.So if someone is working on a tax cadetship, they don't even have to study Accounting at all?


2. How will they understand the basics of things like GST payable/input tax credits, transfer pricing, gst agents, tax structures, etc...?

3. Btw, is Tax considered a major in itself?

1. yes

2. training, practical work

3. not sure

=)

[Meads]

Originally Posted by seremify007

So if someone is working on a tax cadetship, they don't even have to study Accounting at all? How will they understand the basics of things like GST payable/input tax credits, transfer pricing, gst agents, tax structures, etc...? I mean some stuff will obviously be taught on the job, but there's the theory side which I can't see how else you could learn.

Btw, is Tax considered a major in itself? If so, then I understand where you're coming from... but I was always under the impression Tax is part of Accounting.

You do not have to do an accounting major if your working in tax. There a few people working with me who are not doing an accounting major.

Tax I have since learnt is a very specialised area, by no means do I think it is fair to say that 'tax' is part of accounting. Tax law changes every day, etc, etc. If you did an accounting major and went to work in tax at a firm, you are by no means prepared to dive straight in...you would have to do all the training and learn it all on the job. There is like one tax subject in an accounting degree? You wont learn effective tax structuring in an accounting degree.

Tax is not a major, however it is a sub-major at some universities. It SHOULD be a major, but according to a lectuerer I spoke to, it is considered too specialised and they simply would not get the numbers to run it.

I do work in tax btw, just in case people think im assuming/fabricating.

[La Divina]

Hey does anyone know what the cadet intake is for the Big4? I am aware that Deloitte doesn't take many, but does anyone know about the others? I hear its around 30 each - can someone confirm?