CADETSHIPS 2012 Discussion Thread (1 Viewer)

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seremify007

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LOOOOL did that :( i had to crack some stupid joke as soon as i made that mistake to save my backside and divert the interviewers' attention away from that mishap ;/ phew!

Glad it didn't affect the final decision outcome :p But yeah having made that mistake, do take due care coz it can become really awkward and the interviewers may even take offence (especially at the big 4) lol
LOL... one day I should do a more detailed write up on what not to do/say in your interview. Here's another pointer for those reading along in detail- if you are going to mention you read the newspaper daily (and the fin, and a list of other publications), make sure you have something decent to say when the interviewer asks for an example of something you've read. Mentioning the budget or the Eurozone crisis without having anything more to add other than a one or two word answer definitely does not leave a good impression.

I remember an accountant at some info thing back in 2010 told me that you can expect to earn AT LEAST 100k once you have held your CA qualification for 5 years. But that was back in 2010, and we won't be getting our CAs before 2017-18 so gotta take annual pay rises into consideration ..so it's a bit too hard to say what we could be earning as CAs 8-10 years down the track from now :/
CA qualification for 5 years? That is a very conservative estimate (presumably it ensures everyone can reach it?). I've had my qualification for less than half a year and my base salary not including bonus is higher than that- and I'm still with my respective firm from when I was a cadet.

Does anyone know anything about BAcc reserves, they said I had a 50-75% chance of receiving an offer, but I'm tempted at this point to just send in my cadet contract, just to secure my position =/
Such is life but the reality is that the decision you make now between BAcc and a cadetship won't totally make or break your future. You can always do other things later on. If the cadetship is with a firm you want to work with (as opposed to just accepting because they made you an offer) I'd go for that.
 

mishme

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Do you mean right after you get your CA or for all people who are working and have a CA? MichelleV's comment is more the former rather than the latter I'd say.
Well both really. How much would you say for the latter?
 

mishme

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I have an interview scheduled 1st week back to school 0.0?
Oh okay =/ It was probably just for my business unit then! Also, I know they're waiting for us to accept/decline before sending out other offers (if needed)
 

seremify007

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Well both really. How much would you say for the latter?
Hard to say given there are any CAs out there in the world, and not all of them are necessarily in accounting roles, etc... But assuming they were, then it would definitely be more than $100k I'd say. This is pure speculation though- if you are really determined to find out there are various accounting salary guides for Australia on the Internet from reputable recruitment agencies and finance journalists. That being said I wouldn't let this steer you too much yet as remuneration can change very easily and really it comes down to you as an individual. I wouldn't be too worried about living poor though.
 

Lollipop94

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Hi guys, I'm new to this thread but I was just wondering if someone could give an indication of te average salary for accounting cadets in Melbourne? I've received offers form two mid tier firms and the variations between the two salaries was quite surprising.
 

seremify007

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Hi guys, I'm new to this thread but I was just wondering if someone could give an indication of te average salary for accounting cadets in Melbourne? I've received offers form two mid tier firms and the variations between the two salaries was quite surprising.
I don't know the Melbournes for sure (feel free to PM me if you want to contribute it to my database- all anonymous) but the general range for mid-tiers/big4 so far is $30-$35k. The real differences I should add will be in the detail such as leave entitlements, textbook allowances, study grants, whether or not graduate salary is determined now or at the prevailing market rate when you rejoin, etc.
 

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Hi guys, I'm new to this thread but I was just wondering if someone could give an indication of te average salary for accounting cadets in Melbourne? I've received offers form two mid tier firms and the variations between the two salaries was quite surprising.
So i have received contracts from 2 of the Big 4, both are around 34,000 in terms of salary and around 8-10k for the study grant during the 2 year study periods, hope that helps!
 

Lollipop94

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Thanks for your help
also Would a cadet, given good performance at the firm and university, be likely to receive a raise in the first two years of employment? For example if undertaking a cadetship with the first two years being full time work, part time uni, will the salary change in that time or remain constant?
 

Jinks

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Thanks for your help
also Would a cadet, given good performance at the firm and university, be likely to receive a raise in the first two years of employment? For example if undertaking a cadetship with the first two years being full time work, part time uni, will the salary change in that time or remain constant?
I haven't started my cadetship but i can confirm that from what current cadets told me, the pay increases from the first-second year, usually by 2-3k to match the new contract offered to cadets of that year. One of the people i spoke to started on 31k, then moved to 34k in the second year and that is what was offered to new cadets in that year.
 

seremify007

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At the very least you probably will get CPI increase unless the economy goes backwards.
 

OMGITzJustin

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Any news from Grant Thornton anyone? they seem to be extremely quiet...
 
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Lollipop94

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Just an update to anyone that is interested, I decided to go with the trainee/cadetship offer from PwC opposed to EY, as I went into this whole application process wanting to work in a corporate or specialist division of tax, both which will be possible at PwC, whilst EY only offered Private Client Services or Human Capital, both with their own advantages but not particularly what I saw myself doing in the long term. Although the same fields were possible at EY later on, the idea of completing a cadetship, only to find out you don't like your division and come back as a graduate in order to do a rotation was not particularly appealing to me personally (some people might like the idea).

Hopefully my experience with the cadetship process so far will be useful to others, and I look forward to contributing to this forum more in the future as I undertake my traineeship!

Am I correct in saying the Pwc traineeship program is based upon your first year (ie. next year) being full time uni, and then you get into full time work the following year? I was just wondering of some of the posters in this thread who have undertaken cadetships or know detail about them could explain the strengths (if any) opposed to the typical programs with two year full time job, uni part time and then the subsequent two years being full time uni, part-time/ vacation work? Just for my own curioisity more than anything
 

Lollipop94

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Also, besides from obvious implications of signing a cadetship offer at one firm and later rejecting it such as jeopordisation of future employment at said firm, is there any legal implications?? Ie. could they sue?? I know it's obviously not a good thing to do, I don't need to be told that, I would just like some clarification on the effects of doing so. (could they, say if they knew people at other firms, give a bad reputation to the person who accepted and later declined their offer?? Or is thr defamation or something haha)
 

Jinks

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Am I correct in saying the Pwc traineeship program is based upon your first year (ie. next year) being full time uni, and then you get into full time work the following year? I was just wondering of some of the posters in this thread who have undertaken cadetships or know detail about them could explain the strengths (if any) opposed to the typical programs with two year full time job, uni part time and then the subsequent two years being full time uni, part-time/ vacation work? Just for my own curioisity more than anything
For me both EY and PwC had compulsory first year uni, so I didn't have a choice really.

I keep getting told its better to do first year uni full time because you can relax, or "enjoy the uni life" etc. In saying that I would have liked to work first year simply to have a break from full time study, also you are splitting first year uni into 2 parts and apparently first year uni is easier to manage part time opposed to second year part time.

I think it really comes down to personal preference there is no real better option.

I also forgot to mention the fact that if you work part time for the first 2 years you will probably be more likely to get part time work in your 3rd and 4th year, whereas I doubt I will be offered any work in my first year due to absolutely no experience.
 

Jinks

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Also, besides from obvious implications of signing a cadetship offer at one firm and later rejecting it such as jeopordisation of future employment at said firm, is there any legal implications?? Ie. could they sue?? I know it's obviously not a good thing to do, I don't need to be told that, I would just like some clarification on the effects of doing so. (could they, say if they knew people at other firms, give a bad reputation to the person who accepted and later declined their offer?? Or is thr defamation or something haha)
I would say legally there are no implication as most firms would say employment commences 2013, even if you are at uni full time first year. Also the contract depends on you getting into a single, 3 year, relevant degree, you can always pick up a double degree and void the contract :p
 

seremify007

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I only did business law in uni (as opposed to full on law) but I'd say it'd be difficult since it would only be for breach or frustration of contract. There aren't any damages other than the grant, which they would probably seek to recoup if you cancelled.
 
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