• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

CADETSHIPS 2012 Discussion Thread (5 Viewers)

Status
Not open for further replies.

cc18

New Member
Joined
Jul 5, 2012
Messages
4
Gender
Male
HSC
2012
I am just a bit surprised by how effective the BAcc marketing has been.
I dont think it has been that effective to be honest. I was the only one from my school that applied for it, whilst a lot of others applied for cadetships. Its just the careers adviser strongly recommends co-ops over cadetships, arguing that with cadetships, you work relentlessly for shit pay.

On another note, the 8-10k when you are not working, does that refer to the study grants that you are given during full-time university studies?
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
I dont think it has been that effective to be honest. I was the only one from my school that applied for it, whilst a lot of others applied for cadetships. Its just the careers adviser strongly recommends co-ops over cadetships, arguing that with cadetships, you work relentlessly for shit pay.

On another note, the 8-10k when you are not working, does that refer to the study grants that you are given during full-time university studies?
When I said the marketing has been effective, I was referring that you are very pro BAcc for all the wrong reasons. If you had wanted BAcc because it gives you a close knit social group/network, opportunities to work in three different but related fields, and you also receive scholarship money without having to apply for the normal internships, then I would've said fair call. But your reasons sound largely focussed on monetary and the short term, in which case I would also question whether scholarships/cadetships are even something you should be considering if those are your motives. Don't think I am being hard on you in isolation- there are plenty of people who talk about cadetships here who also have no idea about it and I am more than happy to help set them straight. On that note though, returning cadets obviously re-enter at a higher position than soemone who did BAcc if they were to go to the same organisation- so if you have your heart/mind set on a particular firm/company then obviously applying direct rather than through a scholarship program will be beneficial.

And yes I was referring to study grants.
 

cc18

New Member
Joined
Jul 5, 2012
Messages
4
Gender
Male
HSC
2012
I am only considering monetary and the short term because I have already weighed up the other advantages and disadvantages in relation to both programs and i guess the only aspect that i'm not sure of relates to the salaries/monetary benefits of both. As you can see, my first post was in regards to salaries as such.

Further, I dont see a cadetship as to taking that much out of my social life because I've grown use to managing my time effectively. With the closely knit social network that BAcc students have with each other, cadetships have the same especially in the big 4 where they hire more than just 1 cadet per line of service. Industry placement works out to be about the same (BAcc 3x 6month placement whereas Cadetship, say PwC has 2 years of full time in the 2nd and 3rd year, so yes it does have 6months more). I was also aware that BAcc undergrads fast track some subjects in uni by commencing earlier than others so that they make time for industry placement. On another note, I am related to 3 BAcc alumni so that has probably attributed largely to my bias.

But above all, thanks for helping!
 

tambam

Member
Joined
Dec 31, 2010
Messages
507
Gender
Female
HSC
2011
Quick question, BAcc (UTS) or Cadetship (@ one of the Big 4)? because BAcc is also sponsored by the Big 4 and others and you get to choose where you want to work for your 18 months of industry placement.
You don't necessarily get to choose where you work, particularly if everyone wants to do their internships at the big 4.

With BAcc, it's $45,000 over 3 years (tax-free) and statistically, 98% of graduates have starting salaries of $65k+, and also keeping in mind that they would also enjoy a better life at uni since they dont work full time.
I doubt it. I think graduate salaries are standardised across Chartered Accountant firms, or something along those lines. And the figures are nowhere near as high.
With some cadetships, upon graduation you return to the firm as a Senior Accountant or Senior Graduate, with 2 years of full time experience under your belt, meaning you have a great advantage over other graduates.
However, as a coop, there's a specially created 'position' for each intern as they complete their 6 months. But realistically, the company won't invest as much time in training and teaching you, and from what I've heard the work is less meaningful in that you're there for the experience rather than as an employee. Also part of your scholarship in 3rd year is conditional on accepting an offer at a sponsor firm.
Also in terms of career progression and scope of learning, 2 years at a big 4 will look better than a few 6 month internships. Keep in mind many commerce/business graduates will also have internships under their belt.

I am only considering monetary and the short term because I have already weighed up the other advantages and disadvantages in relation to both programs and i guess the only aspect that i'm not sure of relates to the salaries/monetary benefits of both. As you can see, my first post was in regards to salaries as such.
The monetary benefits should not even be something to consider. I've done the calculations and it works out pretty much the same, even factoring in tax.

Reiterating what seremify said, it really depends on what you want out of your work experience.
If you want career progression and know what you want out of an accounting career, go for a cadetship.
If you just want to 'have a go' at being an accountant in different companies and possibly in different roles, eg. if you're unsure which service line you want to go into, or whether you want to be an accountant in an insurance company, big 4 or whatever, then go for a coop.

Personally, I chose a cadetship over the BAcc Coop, and of the dozen or so people I know who also received offers, none of them went with BAcc either.
Another anti-coop post lol, but seems like you've been fed too many pro-coop views, so its probably good for you.
 

Kamishiro

New Member
Joined
Nov 11, 2009
Messages
6
Gender
Male
HSC
2011
Received an email today from pkf saying that they're still reviewing applications and will contact me next week. Think I still have a chance? >.<
 

tambam

Member
Joined
Dec 31, 2010
Messages
507
Gender
Female
HSC
2011
Received an email today from pkf saying that they're still reviewing applications and will contact me next week. Think I still have a chance? >.<
Yeah, i'd say its likely people have cancelled interviews after receiving offers from the big 4, so good luck!
 
M

MichelleV

Guest
Received an email today from pkf saying that they're still reviewing applications and will contact me next week. Think I still have a chance? >.<
Yeah, i'd say its likely people have cancelled interviews after receiving offers from the big 4, so good luck!
I agree with this.

If they've gone to the effort to contact you to know they're still reviewing, you still have a chance.

It could be as simple as the HR person or whomever reviewed the applications has been ill and hasn't had time to review them yet :p
 

bearmac

New Member
Joined
Jul 7, 2012
Messages
2
Gender
Female
HSC
2012
Hi, I was offered a Cadetship in the Tax service line in Sydney and was wondering if anyone else had as well?
Congratulations to everyone else on offers :)
 

Jousams

New Member
Joined
Jun 16, 2012
Messages
26
Gender
Undisclosed
HSC
N/A
Hi, I was offered a Cadetship in the Tax service line in Sydney and was wondering if anyone else had as well?
Congratulations to everyone else on offers :)
Yeah I'm going to be going into tax.
What firm is yours with?
 

mangomagic

New Member
Joined
Jul 2, 2012
Messages
2
Gender
Female
HSC
2012
hey guys! Anyone here get an offer from EY in Assurance and taking it??
 

karenpvs

New Member
Joined
Nov 9, 2011
Messages
10
Gender
Female
HSC
2012
Re: Accounting Cadetships

I was just wondering, I recently received confirmation from Grant Thorton for their 2013 Cadetship program, they seem to have a really well balanced work-social life ratio compared to the big 4 and the partners seem really down to earth.
My question is, what is the remuneration/monetary benefits associated with being a cadet for GT, I'm already pretty familiar with their non-monetary benefits and honestly after doing some thorough research, GT seems like the best option for me in all consideration :cool:
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
Re: Accounting Cadetships

I was just wondering, I recently received confirmation from Grant Thorton for their 2013 Cadetship program, they seem to have a really well balanced work-social life ratio compared to the big 4 and the partners seem really down to earth.
My question is, what is the remuneration/monetary benefits associated with being a cadet for GT, I'm already pretty familiar with their non-monetary benefits and honestly after doing some thorough research, GT seems like the best option for me in all consideration :cool:
I've heard mixed things over the years so can't really comment on the overall experience... but with regards to rem, until they start making offers this year, noone will really know!
 

smdd

New Member
Joined
Jan 28, 2012
Messages
7
Gender
Male
HSC
2012
Hey guys

Has anyone got any offers from PKF yet?
I had the interview (2 employees and myself) the other day and they haven't contacted me since.
 

Jinks

Active Member
Joined
Jul 9, 2012
Messages
668
Location
Melbourne
Gender
Male
HSC
2010
Before I start I will just say i have been stalking this forum for a few months now but just decided to register!

I have been lucky enough to recieve an offer from both EY and PwC for a cadetship position, however I am completely confused regarding which offer I should be accepting, in terms of remuneration both are almost identical (PwC slightly more) and in both I would be entering the Tax divisions. In EY i would be entering Private Client Services (most likely) or possible Human Capital and for PwC in the Specialist Tax department, possibly R&D or transfer pricing, but that is just an educated guess.

Would appreciate opinions/feedback regarding my dilemma, thanks in advance!
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
10,059
Location
Sydney, Australia
Gender
Male
HSC
2005
Uni Grad
2009
Before I start I will just say i have been stalking this forum for a few months now but just decided to register!

I have been lucky enough to recieve an offer from both EY and PwC for a cadetship position, however I am completely confused regarding which offer I should be accepting, in terms of remuneration both are almost identical (PwC slightly more) and in both I would be entering the Tax divisions. In EY i would be entering Private Client Services (most likely) or possible Human Capital and for PwC in the Specialist Tax department, possibly R&D or transfer pricing, but that is just an educated guess.

Would appreciate opinions/feedback regarding my dilemma, thanks in advance!
Other than the respective divisions/teams, do you have any other thoughts/factors influencing you?
 
Status
Not open for further replies.

Users Who Are Viewing This Thread (Users: 0, Guests: 5)

Top