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.