BAcc 2008 Applicants to 2009 entry (1 Viewer)

dingusmagee

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Re: BAcc 2008...

Hi i was just wondering if anyone actually doing the course could tell how many hours/days a week the full time study component of the course takes up?

Would there be time for a part time job if you wanted to do one?

thanks
 

3li

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Re: BAcc 2008...

yea when doing full time study

initially for first year its spread out for 5 years so that u can maximise uni life and its 5 subjects that semester 1.

then in second year where there are no internships, (full time uni) its about 12 hrs a week and we do 4 subjects.

most of the baccs have taken the 2 day a week option, leaving 3 days for leisure or work.

in fact lots of bacc get offered part time positions at sponsor/internship places for 2-3 days a week on top of uni

this means scholarship + anywhere from 400-600 a week from work = lots of spending money
 

zepro

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Re: BAcc 2008...

I heard that people who do the Bachelor of Accounting don't have any holidays?
 

3li

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Re: BAcc 2008...

wrong
we have same hols as every1 except for wen uni begins each year, the summer hols

in which case we begin in mid jan (1st year) late jan (2nd year) etc instead of the normal march, apart from that each other break is the same.
 

201055

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Re: BAcc 2008...

Just adding to the holidays bit, you have to appreciate it is technically 3 year theory + 1 year practical experience squished into a 3 year degree, so some 'fasttrack' periods (early jan, for example) are designed to take some subjects out during the 'summer' semesters.

In addition to the fasttrack, for 1st year (2nd semester) when you begin work placements, there may be a chance you will have to start earlier depending on the sponsor employer's requests, but of course that just means you finish your internship earlier as well.


EDIT~ I've received a reply from admin. The BaCC 2009 Applications link will be online either today or tomorrow. The link is at: http://www.business.uts.edu.au/bofacc/application/appform_partb.html.

If you need more information regarding the Bachelor of Accounting Course in general, go to: www.bachelorofaccounting.com
 
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zepro

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Re: BAcc 2008...

It's just that I heard from some people that BAccs get 5 weeks holiday in a year, including the 2 weeks in January before they start...

But I do agree, 4 years of study in 3 years means sacrifices.

Still, it's quite a heavy workload. And if you look at some of the sponsors, like Transgrid... why would anyone want to do an internship there?
 

dingusmagee

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Re: BAcc 2008...

3li said:
initially for first year its spread out for 5 years so that u can maximise uni life and its 5 subjects that semester 1.
wat do u mean by spread out for 5 years?
 

3li

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Re: BAcc 2008...

sorry i meant spread out for 5 days a week
 

3li

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Re: BAcc 2008...

there are reasons for and against transgrid
the pt is theres so many sponsors so if u dont like one. go to another. theres gna be a bacc who wuld prefer transgrid over u.

also we get more holidays than that, its literally the same as everyone else bar the first summer holiday where we start in jan instead of the usual march (which evry1 else starts on)
 

zepro

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Re: BAcc 2008...

That's cool then, I get what you mean. Not everyone can go to Macquarie Bank.

A quick question though, for those of us who may be apprehensive toward committing to a career in Accounting, would you say Accounting would be a good choice, even though it's so narrow?
 

dingusmagee

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Re: BAcc 2008...

do you get to choose which sponser organisation you get to work with? or is it chosen for you?
 

3li

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Re: BAcc 2008...

zepro said:
That's cool then, I get what you mean. Not everyone can go to Macquarie Bank.

A quick question though, for those of us who may be apprehensive toward committing to a career in Accounting, would you say Accounting would be a good choice, even though it's so narrow?
thing with macq is not every1 wants to go there, cos not every1 mite wanna do a finance major. baccs are all rounders and it just happens that out of the 35-40 baccs only 5 want to go macq. and for our year (07 intake) macq sponsored 5 positions.

my understanding is that most ppl get wat they want. i got my first preference and most ppl will too, those who don't will get at least their top 5. it really depends. but then again all the sponsors are good in one way or another and have pros and cons. i can say bad pts about macq and good pts about transgrid.

in terms of the accounting as a career, the aim of bacc is to produce quality accounting graduates and its encouraged to do ca and be a excellent accountant. however thats not to say that baccs dont, and u mite find down the track that yes, accounting is useful, but u want to pursue other fields like front office finance or trading. in these situations its still possible, and i know many baccs who have gone down this path

at the end of the day the option is urs, ur not limited to any one career. even within accounting u can do fudns accounting, mgmt accounting, financial, risk management, list goes on..
 

Allan vB

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Re: BAcc 2008...

That funny cos I'd be hoping to get into Macquarie... From what I've heard, they push a really competitive atmosphere and work ethic, which I really like. They also encourage creative freedom (within reason) so accounting and finance doesn't have to be all numbers, facts and figures - which is also good! There are heaps of sponsors to choose from that all represent different industry sectors and focuses.

I just applied, part A that is... I'll wait with part B until I do a few more things to improve my chances. I feel closer already. Would anyone have a copy of their part B that I could look over? I'm unsure of the sort of things to put in for some of the sections. I would ask someone I know, but I don't actually have anyone from my school applying with me. It would be much appreciated.
 

zepro

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Re: BAcc 2008...

So accounting isn't just debits and credits, like what they teach us is Business Studies?

When you tell people that you're doing the "Bachelor of Accounting", how do people react? Because obviously Accountants have some unflattering stereotypes attached to their title... like my parents are dead set on me doing Law or something, but I'd prefer to do something business-y...

Oh, and what kind of income prospects are there for BAcc graduates? Like, since BAcc is "exclusive", and you do the internships, I assume the starting salary would be around 50K?
 

redom

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Re: BAcc 2008...

Hmm as a first year, the first semester is 4 days a week, not 5. Its 15hrs, 3hrs for each of the 5 subjects. So yeah, it is abit more intense then the normal bachelor's degree, but in saying tht, quite a few of the first year bacc's have part time work. Its manageable.

Haha, yeah it sometimes isnt that grand telling people i do "Bachelor of Accounting". Lots of random people (family friends) have no idea its a scholarship course and has all the benefits. Other times you get the "omg, *shocked expression*" look where people know what the actual course is. And in terms of prestigee saying "im a Bacc" is pretty kool too!...well i think so anyway!

Starting salaries, yeah itll be around that 50K mark. Id imagine by the time you guys graduate itll be a few K higher.

In terms of where you want to do your internships, as a first year listning to many of the sponsers, the choice is endless!...Before i began the course, i thought yeah Macq Bank and a Big 4. But listning to some of the other companies and what they offer...well i think ill be happy experiencing work from quite a number of the sponsers!

Hope that helps!:)
 
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201055

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Re: BAcc 2008...

zepro said:
A quick question though, for those of us who may be apprehensive toward committing to a career in Accounting, would you say Accounting would be a good choice, even though it's so narrow?
Just to add onto that, the 'Bachelor of Accounting' degree is almost a replica of the common 'Bachelor of Business' normal degree. A seperate name was selected to differentiate this co-operative scholarship course from the rest.

And like Evan has said, accounting is actually quite a broad discipline; it sets the base foundations for any business-related career, and many BaCC graduates have actually chosen management accounting (ie. working in commercial firms) over a pure chartered accounting field.

So don't be put off by the name, accounting is actually a very general, broad area that leads on to many more specialised fields (eg. marketing, finance, investment banking, etc).
 

201055

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Re: BAcc 2008...

zepro said:
So accounting isn't just debits and credits, like what they teach us is Business Studies?

When you tell people that you're doing the "Bachelor of Accounting", how do people react? Because obviously Accountants have some unflattering stereotypes attached to their title... like my parents are dead set on me doing Law or something, but I'd prefer to do something business-y...

Oh, and what kind of income prospects are there for BAcc graduates? Like, since BAcc is "exclusive", and you do the internships, I assume the starting salary would be around 50K?
Haha, well like any subject, you need the base knowledge before being able to moving further. 'Debit and credits' is like learning the accounting alphabet.

Yes, the name 'Bachelor of Accounting' isn't the greatest thing to say, that's why I always deliberately say the next mouthful of words, "...co-operative scholarship program!" :) Its something we're also trying to push, the typical stereotype of accountants number-crunching, sitting at a desk rifling through paper 9-5 no longer holds true. Today its about actually getting out of the office, speaking with real clients, and presenting your findings to both your supervisors and/or the client's shareholders. Its something I can confirm first-hand while working on my first internship.

Based on feedback from BaCC graduates, the average starting salary is 45K-75K, depending on your specialisation/ company you get into. Its also agreed within 5 years the average salary can hit $105K+ (Which is typically the time required to hit senior consultant/ junior manager).
 

zepro

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Re: BAcc 2008...

Yeah I see what you're saying. It's not quite the same anymore, but it does still seem off putting, especially when you compare Accounting (back office) to something like Finance (front office), it just seems so much more appealing, Regardless, I think BAcc does offer quite a lot, from what I've been hearing.

Are the internships really hard? Like, I can imagine that as a first year, you wouldn't exactly have much information and knowledge to apply, other than, dare I say, debits and credits?

Also, is it necessary to do any post graduate courses? My mum's hell bent on me doing an MBA or something that sounds prestigious...
 

3li

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Re: BAcc 2008...

zepro said:
Yeah I see what you're saying. It's not quite the same anymore, but it does still seem off putting, especially when you compare Accounting (back office) to something like Finance (front office), it just seems so much more appealing, Regardless, I think BAcc does offer quite a lot, from what I've been hearing.

Are the internships really hard? Like, I can imagine that as a first year, you wouldn't exactly have much information and knowledge to apply, other than, dare I say, debits and credits?

Also, is it necessary to do any post graduate courses? My mum's hell bent on me doing an MBA or something that sounds prestigious...
Those are some fair comments you raise, and id saythat the internships arent difficult. They are what you make of them and most baccs do really well in them in terms of performing on the job and relating to colleagues. This is bcos if you apply yourself and have a passion for what your doing, generally you'll do well regardless of the experience and knowledge you lack. that goes for everything, but in particular baccs are selected because of their well-roundedness so that shouldnt be a problem.

personally Im a fast learner so i pretty much learnt my role in 2 weeks( thats not to say my role is difficult, as many of my senior colleagues struggled in doing what i was doing), but others might be different and it really just depends on where you end up and where your passion lies. I personally found it a learning curve and have gained lots of benefits internally and externally.
 

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