accounting department 2017 department · pdf filewe miss you pete! pursuing graduate school....

2017 DEPARTMENT AWARDS and RECOGNITION

Upper Right:

Upper Left:

Right:

Lower Left: 2016 Deloitte FanTAXtic Competition National Finalist Team (left to right): Edward Taylor (faculty advisor), Andrew Breckel, Nikita Patel, Ellen Ubl, Marissa Cohen, and Ryan Pierpont.

Classes of 2016-2017 Employers: Antares Capital Bank of America Merrill Lynch Booz Allen Hamilton Cantor Fitzgerald Citigroup Deloitte LLP Deutsche Bank EY LLP General Electric Grant Thornton LLP KPMG LLP

Harris Williams & Co Jefferies & Co. JP Morgan Chase KPMG LLP Landmark Partners Morningstar Needham & Company Nomura Point72 Asset Management Prudential Capital Group PwC LLP RSM LLP UBS

2017 DEPARTMENT RECOGNITION

Boston College, and especially the accounting department, extends best wishes to G. Peter

Wilson, who retired this year after 20 years of distinguished service. Pete will be greatly missed

by students, faculty and staff, and remains a legend at Boston College. Pete's unending quest to inspire others to think deeply has been evident in his enthusiasm for research on financial reporting,

taxation and disclosure. While conducting that research, he also published an article, “Teaching and Learning can be Energizing,” indicating his

broad interests in both research and teaching. This passion continued throughout his career as he is the recipient of numerous awards, including the inaugural Innovation in Financial Accounting Education Award presented by the Financial

Accounting and Reporting Section of the American Accounting Association in 2016. Pete

and his wife Carolyn have moved to St. Petersburg, where they are enjoying the weather and time with their children and grandchildren.

We miss you Pete!

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 Boston College graduates. At the end of the 2016 year, 1,509 Boston College alumni work for one of the Big 4 firms with 301 (20%) attaining the top positions of partner, principal or director. If you have any questions, talk to your accounting professor or contact Professor Edward Taylor by email at taylored@ bc. edu.

In a 2016 report examining the educational backgrounds of C-suite executives in a portfolio of 675 of America’s leading companies from Fortune and S&P 500 Indexes (http:www.cristkolder. com/ media/ 1755/volatility-report-americas-leadingcompanies.pdf), Crist/Kolder Associates document that Accounting was nearly 50% more popular (152) as the next most popular major (Economics with 102) among CFOs, and was also the fourth most popular among CEOs. Accounting is clearly important to a successful executive. In a world of Big Data, the accountants’ 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 succeed. In the latest CPA exam results (2016), Boston College candidates passed 74% of all sections of the exam compared to 48.7% nationally. For candidates who took the exam within one year of graduation, the pass rate is even more impressive at 81.8% compared to 54.4% nationally.

Not surprisingly, our graduates are highly sought after. In our 2017 survey of seniors prior to graduation, we find that 96% had secured employment or were

ACCOUNTING @ BC

ACCOUNTING GRADUATES’ PLACEMENT: 2006-2017

ACCOUNTING DEPARTMENT

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

EVER TO EXCEL FALL 2017

2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 Avg. Big 4 PublicAccounting Firms

56 84 65 64 62 73 70 67 56 62 58 74 66 (55%) (58%) (53%) (51%) (52%) (50%) (42%) (42%) (44%) (45%) (42%) (57%) (49%)

Other Public Accounting Firms

5 8 5 3 12 9 9 9 4 11 9 6 8 (5%) (6%) (4%) (2%) (10%) (6%) (6%) (6%) (3%) (8%) (7%) (5%) (6%)

Financial Services 19 20 26 27 15 20 29 17 20 17 20 12 20 Consulting 1 3 5 2 4 3 2 7 4 6 7 1 4 Others 2 3 4 4 6 10 7 4 7 6 5 13 6 Total Non-Public Accounting Firms

22 26 35 33 25 33 38 28 31 29 32 26 30 (22%) (18%) (28%) (26%) (21%) (23%) (23%) (18%) (24%) (21%) (23%) (20%) (22%)

Grad/Law School/Volunteer Work

14 19 10 15 9 9 12 11 2 6 6 8 10 (14%) (13%) (8%) (12%) (8%) (6%) (7%) (7%) (2%) (4%) (4%) (6%) (42%)

Undecided/Still Looking

4 8 6 11 8 10 29 33 21 13 16 0 13 (4%) (6%) (5%) (9%) (7%) (7%) (21%) (21%) (16%) (9%) (12%) (0%) (10%)

No Response 0 0 2 0 3 11 5 11 14 16 16 15 8 (0%) (0%) (2%) (0%) (2%) (8%) (7%) (7%) (11%) (12%) (12) (12%) (6%)

Total 101 145 123 126 119 145 163 159 128 137 137 129 134

Total CSOM 553 531 442 468 488 443 501 468 476 510 534 485 492

% Accounting 18% 27% 28% 27% 24% 33% 33% 34% 27% 27% 26% 27% 27%

CPA Exam Excellence

Six Boston College graduates have earned the Elijah Sells Award

since 2012:

Anthony Salomone ‘12 Mark Stankevitz ‘12

Marcos E. Carreño ‘15 Courtney Folgeman ‘15

Jiaqi Gong ‘15 Mark Piorkowski ‘15

Percentage of

graduates who would recommend majoring in

accounting at BC.

96% 96%

92%94%

2014 2015 2016 2017

Boston College Carroll School of Management

Accounting Department

Fulton Hall 520 140 Commonwealth Avenue

Chestnut Hill, MA 02467 617-552-3940

[email protected]

OVERALL CPA PASS RATES: 2008-2016

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 2008-2016 Uniform CPA Examination School Performance book published by the National State Boards of Accountancy (NASBA).

FIRST TIME EXAM CANDIDATES’ CPA PASS RATES: 2008-2016

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 accounting 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.

Antares Capital Bank of America Merrill Lynch Booz Allen Hamilton Cantor Fitzgerald Citigroup Deloitte LLP Deutsche Bank EY LLP

FTI Consulting General Electric Grant Thornton LLP KPMG LLP Harris Williams & Co. Jefferies & Company JP Morgan Chase Landmark Partners

Morningstar Needham & Company Nomura Point72 Asset Management Prudential Capital Group PricewaterhouseCoopers LLP RSM LLP UBS

Classes of 2016-2017 Employers

Seven Boston College graduates have earned the Elijah Sells Award

since 2012:

Anthony Salomone ‘12Mark Stankevitz ‘12

Marcos E. Carreño ‘15Courtney Folgeman ‘15

Jiaqi Gong ‘15Mark Piorkowski ‘15

James Scott Deuschle ‘16

49.8% 50.0% 48.3% 45.5% 48.9% 49.4% 49.5% 49.8% 48.7%

67.1% 67.0% 68.4% 69.0% 68.5% 69.8% 72.0% 74.1% 74.00%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

2008 2009 2010 2011 2012 2013 2014 2015 2016

Overall CPA Pass Rate

National

BC

2017 DEPARTMENT AWARDS and RECOGNITION

Upper Right:

Upper Left:

Right:

Lower Left: 2016 Deloitte FanTAXtic Competition National Finalist Team (left to right): Edward Taylor (faculty advisor), Andrew Breckel, Nikita Patel, Ellen Ubl, Marissa Cohen, and Ryan Pierpont.

Classes of 2016-2017 Employers: Antares Capital Bank of America Merrill Lynch Booz Allen Hamilton Cantor Fitzgerald Citigroup Deloitte LLP Deutsche Bank EY LLP General Electric Grant Thornton LLP KPMG LLP

Harris Williams & Co Jefferies & Co. JP Morgan Chase KPMG LLP Landmark Partners Morningstar Needham & Company Nomura Point72 Asset Management Prudential Capital Group PwC LLP RSM LLP UBS

2017 DEPARTMENT RECOGNITION

Boston College, and especially the accounting department, extends best wishes to G. Peter

Wilson, who retired this year after 20 years of distinguished service. Pete will be greatly missed

by students, faculty and staff, and remains a legend at Boston College. Pete's unending quest to inspire others to think deeply has been evident in his enthusiasm for research on financial reporting,

taxation and disclosure. While conducting that research, he also published an article, “Teaching and Learning can be Energizing,” indicating his

broad interests in both research and teaching. This passion continued throughout his career as he is the recipient of numerous awards, including the inaugural Innovation in Financial Accounting Education Award presented by the Financial

Accounting and Reporting Section of the American Accounting Association in 2016. Pete

and his wife Carolyn have moved to St. Petersburg, where they are enjoying the weather and time with their children and grandchildren.

We miss you Pete!

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 Boston College graduates. At the end of the 2016 year, 1,509 Boston College alumni work for one of the Big 4 firms with 301 (20%) attaining the top positions of partner, principal or director. If you have any questions, talk to your accounting professor or contact Professor Edward Taylor by email at taylored@ bc. edu.

In a 2016 report examining the educational backgrounds of C-suite executives in a portfolio of 675 of America’s leading companies from Fortune and S&P 500 Indexes (http:www.cristkolder. com/ media/ 1755/volatility-report-americas-leadingcompanies.pdf), Crist/Kolder Associates document that Accounting was nearly 50% more popular (152) as the next most popular major (Economics with 102) among CFOs, and was also the fourth most popular among CEOs. Accounting is clearly important to a successful executive. In a world of Big Data, the accountants’ 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 succeed. In the latest CPA exam results (2016), Boston College candidates passed 74% of all sections of the exam compared to 48.7% nationally. For candidates who took the exam within one year of graduation, the pass rate is even more impressive at 81.8% compared to 54.4% nationally.

Not surprisingly, our graduates are highly sought after. In our 2017 survey of seniors prior to graduation, we find that 96% had secured employment or were

ACCOUNTING @ BC

ACCOUNTING GRADUATES’ PLACEMENT: 2006-2017

ACCOUNTING DEPARTMENT

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

EVER TO EXCEL FALL 2017

2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 Avg. Big 4 PublicAccounting Firms

56 84 65 64 62 73 70 67 56 62 58 74 66 (55%) (58%) (53%) (51%) (52%) (50%) (42%) (42%) (44%) (45%) (42%) (57%) (49%)

Other Public Accounting Firms

5 8 5 3 12 9 9 9 4 11 9 6 8 (5%) (6%) (4%) (2%) (10%) (6%) (6%) (6%) (3%) (8%) (7%) (5%) (6%)

Financial Services 19 20 26 27 15 20 29 17 20 17 20 12 20 Consulting 1 3 5 2 4 3 2 7 4 6 7 1 4 Others 2 3 4 4 6 10 7 4 7 6 5 13 6 Total Non-Public Accounting Firms

22 26 35 33 25 33 38 28 31 29 32 26 30 (22%) (18%) (28%) (26%) (21%) (23%) (23%) (18%) (24%) (21%) (23%) (20%) (22%)

Grad/Law School/Volunteer Work

14 19 10 15 9 9 12 11 2 6 6 8 10 (14%) (13%) (8%) (12%) (8%) (6%) (7%) (7%) (2%) (4%) (4%) (6%) (42%)

Undecided/Still Looking

4 8 6 11 8 10 29 33 21 13 16 0 13 (4%) (6%) (5%) (9%) (7%) (7%) (21%) (21%) (16%) (9%) (12%) (0%) (10%)

No Response 0 0 2 0 3 11 5 11 14 16 16 15 8 (0%) (0%) (2%) (0%) (2%) (8%) (7%) (7%) (11%) (12%) (12) (12%) (6%)

Total 101 145 123 126 119 145 163 159 128 137 137 129 134

Total CSOM 553 531 442 468 488 443 501 468 476 510 534 485 492

% Accounting 18% 27% 28% 27% 24% 33% 33% 34% 27% 27% 26% 27% 27%

accounting department 2017 department · pdf filewe miss you pete! pursuing graduate school....

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