{ "media_type": "text", "post_content": "Curious, \n\nare there any Ivy league grads in public accounting? \n\nIf so, where you from? I cant picture a Harvard, Yale grad doing audit, where most of their friends are making millions 🙈😆😄", "post_id": "5d4e13bb17bd870021679b7a", "reply_count": 29, "vote_count": 4, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }

Curious, are there any Ivy league grads in public accounting? If so, where you from? I cant picture a Harvard, Yale grad doing audit, where most of their friends are making millions 🙈😆😄

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They’re around. But they’re in strategy consulting and tech consulting and all those niche areas where the firm pays better - definitely not in audit. And even most Ivy League grads aren’t making millions right out of college

likehelpfulupliftingsmart

There are some in audit. I’ve worked with two different Ivy League grads during my 3 years in audit (Cornell and Brown)

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Cornell offers an accounting major and Wharton used to many moons ago. There are actually a number of audit partners with Wharton undergraduate degrees out there. Most were hired by Arthur Andersen and are exceptionally bright!

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They don’t have accounting programs in undergrad

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Yup. Wharton (UPenn) and HBS doesn’t even have an accounting program.

Have a bunch of friends who graduated Harvard business school. Many of them have been trained to think strategically and take chances. Risk/reward. Some of them jump from one venture to another and don’t stick. Interestingly, I’ve found some to be unemployed and ‘in between’ gigs too often.

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Yea agree while some are trust fund babies, others fall into the trap of perception too. At alumni events, they are not seen as ‘successful’ unless they are working on some new gig. I’ve seen some just make sh!t up before a reunion.

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LOL this explains soo much. I was surprised I didn’t meet any ice leaguers at training

helpful

I did a linkedin search on this. There are a lot of Ivy League grads with Big 4. I haven’t seen anyone doing audit though. Maybe just my network but it makes sense given it might be easier/more reasonal for them to land a consulting/banking gig if they follow business routes. Most of them aren’t qualified to sit for the cpa exam anyway (# of credits and accounting classes wise)

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Is audit considered a fallback/backup position nowadays? I’ve always thought auditing was fairly competitive (compared to industry) and have always found my audit colleagues to be very competent. Not sure if that is an anomaly though.

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I went to the Harvard of the Midwest

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PwC8 - I am sure there are many schools that make similar claims. Chicago and Northwestern are also both great schools.

I think you have an unrealistic view of Ivy League grads if you think they are making millions right out of undergrad

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There are some, but not a lot. I’m always surprised when LinkedIn browsing and finding someone in tax or audit who used to go to Ivy League. Big 4’s main targets these days are state schools

We have a partner in our group who went to Harvard Business school... One of the smartest guys I’ve ever met!

There most likely aren’t any in audit and if so its extremely rare. However, in Advisory some are from Cornell occasionally. Deloitte Consulting will absolutely have ivy league people. Tax sometimes has principals or other higher level people come in with JD’s from Ivy or occasionally someone went to an Ivy undergrad and got a JD from a lesser know program and they may be in tax.

I will add that very few HBS alumni know how to read a balance sheet. True story… not too long ago I went on a few dates with an HBS student. I was telling him that I loved accounting and wanted to pursue my cpa. He turned to me and said, at HBS we are told that we only need to know the very basics because we will pay someone to do the work for us. He clearly didn’t understand the rules behind Sarbox

Well I mean HBS (and most MBA programs) teaches you to be strategic and be able to oversee a business, not to get into the rules and the details. The skill to successfully manage a business without getting too into the details is important

I had a partner with a degree from Columbia but not common

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