<p>kitty, that was not to you.</p>
<p>You should be able to find a job, but the B4 is a toss up.</p>
<p>Okay Goose thanks for letting me know.</p>
<p>Man, this thread exploded.</p>
<p>Guys, if you cant get a job with the big 4 because you have a 3.2, just apply to investment banks. You will work slightly more hours, make double the money and those places put more emphasis on your ec’s and how you interview. </p>
<p>FYI, as someone who has been out of school for a while and knows many people in the big 4, there is no cut off and there are no flat out minimums.</p>
<p>I work 2 hours outside the bay area in the california valley at a regional CPA firm. We require a 3.5 gpa for entry level. I have a 3.7 gpa. However work experience trumps gpa. We recently hired a senior accountant that graduated 5 years ago with a 3.1 gpa.</p>
<p>He is a licensed CPA with 5 years of public accounting experience which trumps gpa.</p>
<p>A 3.4 gpa is not good unless it is from Cal Poly SLO, SDSU or CSU Northridge as they all have excellent accounting programs.</p>
<p>You wouldn’t meet the gpa requirements for my firm and it is far from a big 4!</p>
<p>Yawn, every f500 firm has a 3.0 cut off. You don’t know crap. I’ve been on a lot of forums, but when you have high school kids answering questions you know things are screwed up. </p>
<p>Like I’ve said before. If an accounting firm won’t hire you with a 3.3, consider yourself lucky. Network and get a banking job so you can make 2x the money. </p>
<p>What a joke.</p>
<p>LOL</p>
<p>MSFHQ </p>
<p>Some people don’t want to do banking. The hours you have to work to make the big buxx are too much. Also there is no guarantee you will make twice the money. Adjusted for cost of living I make more money than my friend that works in investment banking in manhattan. He also works more hours than I do. </p>
<p>Initially banking doesn’t even pay that well and most people burn out quickly. My friend only made 90k last year and we works in a bulge bracket. He was also a Columbia graduate near the top of his class.</p>
<p>[Goldman</a> Sachs Analyst Salary in New York City | Glassdoor.com](<a href=“http://www.glassdoor.com/Salary/Goldman-Sachs-Analyst-New-York-City-Salaries-EJI_IE2800.0,13_KO14,21_IL.22,35_IM615.htm]Goldman”>http://www.glassdoor.com/Salary/Goldman-Sachs-Analyst-New-York-City-Salaries-EJI_IE2800.0,13_KO14,21_IL.22,35_IM615.htm)</p>
<p>I am full of crap? Even at GS the average Analyst doesn’t make twice what I make. The banking industry has too many ups and downs.</p>
<p>A 3.3 gpa from my tier 4 school would not get you into banking. A 3.7 gpa from my school can get you a 60k salary in SF with the big 4.</p>
<p>1) Banking makes double Big 4 all the time, every time. My friend has his Macc, starting at PWC in NYC and his base is 55K. Banking is 70K base, 10K sign on and usually 50% or more in end of year bonus. Top bucket was seeing 80-90% of base. All in is 130-140K</p>
<p>2) Yes, a low GPA from a T4 school will hurt you. If you go to a relatively well known school with a 3.3 you can get into anything you want as long as your GPA is above a 3.0. </p>
<p>Yes, some people don’t want to do the hours, which is fine, but the point is that you can get a much more lucrative position with a lower GPA is an accounting firm balks. Nothing to cry about, just move on and make more money. </p>
<p>Apples to Apples, a 1st year in banking and a 1st year in accounting, the banker will make double. I have numerous personal data points as well as salary and bonus reports. As I have mentioned before, 55K , big 4, Macc, NYC. That is well below IB base.</p>
<p>Glassdoor doesn’t have all the bonus information. It also does not include other benefits such as a corporate expense account and year end bonus. Also, “GS Analyst” can mean anything. It doesn’t necessarily mean Investment Banking Analyst. It can mean financial analyst for the IB division (FP&A) but not an “IB analyst” everyone is referring to. ANDDD for people in the know, GS pays much less than other firms for IBD.</p>
<p>Here is an actual salary.</p>
<p>85k base as a first year
10k sign on
$125/per day expense budget (food, car, grocery) ~ 40-45k
25k year end bonus</p>
<p>This puts you at about 160k a year total comp.</p>
<p>MSFHQsite, “Like I’ve said before. If an accounting firm won’t hire you with a 3.3, consider yourself lucky. Network and get a banking job so you can make 2x the money.”</p>
<p>Do you currently know people who were recruited by banks with that kind of GPA? I thought that in order to get into investment banking a person has to go to a top school and get a 3.5+ GPA. Though it is certainly possible to get into commercial banking. </p>
<p>MSFHQsite, how do IBs value an accounting degree? I personally haven’t heard anyone get into IB with an UG in accounting. Would they prefer a math/physics major over accounting/finance?</p>
<p>MSFHQ said to work at an investment bank. Not work in investment banking. Investment banks have accounting departments.</p>
<p>Show me the reports that confirm all these claims. So far I have provided evidence for my claim. Show me your evidence!</p>
<p>1) You post a clown link to Glass Door which doesn’t specify between back office GS and front office. Investment bankers in NYC at GS make 70k base with at least 10k sign on. Bonuses are around the 50-70k makes.</p>
<p>[2011</a> Investment Banking Bonuses | Mergers & Inquisitions](<a href=“http://www.mergersandinquisitions.com/2011-investment-banking-analyst-bonuses/]2011”>http://www.mergersandinquisitions.com/2011-investment-banking-analyst-bonuses/)</p>
<p>2) I currently know people who had between a 3.0-3.5 and work in investment banking as bankers, front office. No accounting at an investment bank, but bankers. </p>
<p>Bankers 100% make more than an accountant. I find it laughable that anyone would doubt that.</p>
<p>3-3,5 from a top tier school
3,7-4 from a normal school
3,9+ from a ****ty school.</p>
<p>Here is another link with IB salaries:</p>
<p>[Salaries</a> in Investment Banking](<a href=“http://www.careers-in-finance.com/ibsal.htm]Salaries”>http://www.careers-in-finance.com/ibsal.htm)</p>
<p>MSFHQsite, “No accounting at an investment bank, but bankers.”</p>
<p>Could you explain that? Are you taking about accounting majors or what?</p>
<p>
</p>
<p>*** are you trying to prove? Of course investment bankers make more than B4 accountants–no one in their right mind would argue against that. The Ibankers also work the equivalent of two full-time jobs to reach their salaries, so it is not without sacrifice.</p>
<p>You are full of **** if you think the top IB firms take people with poor GPAs.</p>
<p>IB v. Accounting are two completely different fields–they shouldn’t be compared.</p>
<p>Full of ****? How about someone who works in the industry and has friends with GPA’s between 3.0-3.5 and work for bulge bracket banks. </p>
<p>@ tosh - Banks have finance departments that deal with tax and accounting. </p>
<p>What I mean is that you can work as a banker with an accounting degree or you can work at a bank, doing accounting. See the difference.</p>
<p>I guess being full of crap means actually experiencing something, having friends who actually work in investment banking and being old enough to know recruiters, head hunters and other professionals that help people get into these type of careers.</p>
<p>I had ibanking opportunities; I know the industry.</p>
<p>The only people having a chance at BB firms with average GPAs would need an Ivy pedigree. </p>
<p>IB and management consulting are the two most sought after entry level positions in the business world = the highest requirements and expectations from candidates.</p>
<p>Having an opportunity and working in the industry are two different things. If you go to a T50 school with a 3.0 or above, you can break in. You need to network and prepare, but it is absolutely possible. </p>
<p>The level of misinformation on this site is staggering. </p>
<p>Management consulting is very different and much more snobby.</p>