Post on 30-Jun-2020
are highly sought after. In our
2015 survey of seniors before
graduation, we find that 93% had
already secured employment or
were pursuing graduate school.
Over half the class had obtained a
position with one of the Big 4
accounting firms. They will join a
large network of BC graduates. At
year-end 2015, 1,360 BC alumni
work for one of the Big 4 firms
with 238 (18%) attaining the top
positions of partner, principal or
director.
If you have questions, talk to
your accounting professor or visit
the department office in Fulton
520.
In a 2015 report examining the
educational backgrounds of C-
suite executives in 630 companies
belonging to the Fortune and
S&P 500 (http://www.cristkolder.
com/reports/Summer-2015-Vol-
atility-Report-FINAL.pdf ), Crist|
Kolder Associates document that
Accounting was almost twice as
popular (187) as the runner-up
major (Economics with 95)
among CFOs and was also the
fourth most popular major among
CEOs.
Why is Accounting so im-
portant to a successful executive?
In a world of Big Data, the ac-
countants’ knowledge of how
financial information is generated,
translated and utilized provides a
framework for understanding how
entities operate and succeed.
At Boston College, we provide
our accounting majors with the
knowledge and skill set to suc-
ceed. In the latest CPA exam
results (2014), BC candidates
passed 72% of all sections of the
exam compared to 47% national-
ly. For candidates who took the
exam within one year of gradua-
tion, the pass rate is even more
impressive at 82.5% compared to
59.7% nationally.
Not surprisingly, our graduates
ACCOUNTING @ BC
IN THIS ISSUE
Placement statistics
Starting salaries
BC Alumni in the Big 4
Internship statistics
CPA Exam Pass Rates
Department Awards & Recognitions
List of Employers
SPRING 2016
ACCOUNTING DEPARTMENT
ACCOUNTING GRADUATES’ PLACEMENT: 2006-2015
EVER TO EXCEL
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 Ave
Big 4 Public 65 64 62 73 70 67 56 62 58 74 65
Accounting Firms (53%) (51%) (52%) (50%) (42%) (42%) (44%) (45%) (42%) (57%) (46%)
Other Public 5 3 12 9 9 9 4 11 9 6 8
Accounting Firms (4%) (2%) (10%) (6%) (6%) (6%) (3%) (8%) (7%) (5%) (6%)
Financial Services 26 27 15 20 29 17 20 17 20 12 20
Consulting 5 2 4 3 2 7 4 6 7 1 4
Others 4 4 6 10 7 4 7 6 5 13 5
Total non-public accounting 35 33 25 33 38 28 31 29 32 26 31
firms (28%) (26%) (21%) (23%) (23%) (18%) (24%) (21%) (23%) (20%) (21%)
Grad/Law School/Volunteer 10 15 9 9 12 11 2 6 6 8 9
Work (8%) (12%) (8%) (6%) (7%) (7%) (2%) (4%) (4%) (6%) (6%)
Undecided/Still Looking 6 11 8 10 29 33 21 13 16 0 14
(5%) (9%) (7%) (7%) (21%) (21%) (16%) (9%) (12%) (0%) (10%)
No Response 2 0 3 11 5 11 14 16 16 15 9
(2%) (0%) (2%) (8%) (7%) (7%) (11%) (12%) (12%) (12%) (10%)
Total 123 126 119 145 163 159 128 137 137 129 137
Total CSOM 442 468 488 443 501 468 476 510 534 485 482
% Accounting 28% 27% 24% 33% 33% 34% 27% 27% 26% 27% 28%
BC ACCOUNTING GRADS’ INTERNSHIP PLACEMENT DATA: 2013-2015
Percentage of graduates who said they would major in
accounting again
SPRING 2016 Page 2
This graph tabulates the percentage of accounting majors from the class of 2013-2015 who had
junior and sophomore internships and their average monthly internship pay.
BC ACCOUNTING GRADS’ MEDIAN STARTING SALARIES: 2013-2015
This graph tabulates the mean starting salaries and bonuses for the classes of 2013-2015 by type
of firm and for all accounting graduates.
BC Alumni in the Big 4
1,360 BC alumni currently work for one of the Big 4 accounting firms. 18% (238) are partners, principals or directors and 24% (331) are managers or senior managers.
91%
95%95%
96%
93%
2011 2012 2013 2014 2015
87% 90%85%
45%
51%48%
$3,689 $3,728 $3,772
$2,731
$2,372
$1,911
$0
$1,000
$2,000
$3,000
$4,000
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015
Jr Internships Soph Internships Jr salary Soph salary
0
100
200
300
400
500
Deloitte E&Y KPMG PwC
223 19296
280
8895
52
9647 71
28
92
Staff Managers Partner/Principal/Directors
FIRST-TIME EXAM CANDIDATES’ CPA PASS RATES, 2008-2014
SPRING 2016 Page 3
Boston College
Carroll School of Management
Accounting Department
Fulton Hall 520
140 Commonwealth Ave
Chestnut Hill, MA 02467
617-552-3940
CSOM.Accounting@bc.edu
OVERALL CPA PASS RATES: 2006-2014
There are four parts to the CPA exam. Overall pass rates are calculated by dividing the
total number of successful attempts by the total attempts in all four parts of the exam.
CPA exam results are taken from the 2006-2014 Uniform CPA Examination School Per-
formance book published by the National State Boards of Accountancy (NASBA).
This table presents the overall pass rates for first-time exam candidates who took the exam
within one year of graduation. Because candidates can take the exam even without an ac-
counting degree and can retake the exam multiple times, pass rates of first-time candidates
taken within one year of graduation better reflect the results of recent accounting graduates.
CPA Exam Excellence
Kevin Roberts ‘12 2014 MA CPA Exam Second
Honors
Percentage of graduates who would recommend majoring
in accounting at BC
97%
95%
98%
96%96%
2011 2012 2013 2014 2015
59.8%
69.3%67.1% 67.0%
68.4% 69.0% 68.5% 69.8%72.0%
49.2%51.6% 52.0% 52.0% 51.4%
43.7%46.6%
47.6%47.2%
43.7%
48.2%49.8% 50.0%
48.3%
45.5%48.8% 49.4% 49.5%
30%
35%
40%
45%
50%
55%
60%
65%
70%
75%
2006 2007 2008 2009 2010 2011 2012 2013 2014
Boston College New England National
59.4%
60.4%
60.4%
56.1%
61.0%
60.5% 61.6%59.4%
58.4%
61.7%
55.9%
61.5%
60.4% 59.7%
71.8%74.7%
82.8%79.9%
83.7% 83.2% 82.5%
40%
50%
60%
70%
80%
90%
2008 2009 2010 2011 2012 2013 2014
National New England BC
2015 DEPARTMENT AWARDS and RECOGNITION
CLASSES OF 2014-2015 EMPLOYERS
Grant Thornton LLP Greentech Capital Advisors Hancock Capital Management ING Financial Partners Jefferies & Co. John Hancock Johnson & Johnson Johnson O’Connor Feron LLP JP Morgan Chase Keefe Bruyette and Woods KeyBanc Kelmar Associates KPMG LLP Liberty Mutual MacQuarie Bank Malone Bailey LLP Marcum LLP McGladrey (now RSM) Northern Trust Corporation PwC LLP Prudential Capital Group Putnam Investments Raymond James Rothstein, Kass & Company State Street Bank TD Bank Securities Teach for America True Partners Tax Consulting UBS United Health Group US Coast Guard VM turbo Wells Fargo Bank Wolf & Company
Aetna AIG Anchin Block & Anchin LLP Andersen Tax (WTAS) Bain Capital Baidu Inc. Baker, Newman & Noyes Barclays Capital BDO Blackstone Group Blum Shapiro Broadhaven Capital Partners Cantor Commercial Real Estate CCMP Capital Charles River Associates Citigroup Clifton Larsen Allen LLP Cohn Reznick CSN Stores Deloitte LLP Deloitte Consulting Defense Contract Audit Agency Definitive Healthcare Design Communications Ltd Deutsche Bank Digital Capital Advisors Dixon Hughes PLLC Duff & Phelps LLC Ellington Management Group EY LLP Eze Software Feeley & Driscoll FTI Consulting General Electric Goldman Sachs
Above: Naming of CSOM Teaching Seminar as the Wilson Teaching Seminar, in honor of
Prof. Pete Wilson. Faculty from L ro R: Susan Shu, Alvis Lo, Lian Fen Lee, Jeff Cohen,
Pete Wilson, Sugata Roychowdhury, Dean Andy Boynton, Carolyn Wilson, Amy Hutton,
Vishal Baloria, Ewa Sletten, Mark Bradshaw and Billy Soo.
Right: 2015 PwC Challenge National Finalist Team (L to R): Jay Nam, Kira Welcenbach,
Jennifer Leserman , Kira Weingartner and Karen Lin, all class of 2018.
Below: 2015 Deloitte Fantaxtic Competition National Finalist Team (L to r): John Gri-
maldi ‘18, Abby Sirus ‘16, Nick Romano ‘16, Reba Hatcher ‘16, Kevin Reardon, ‘18.