When most people hear the word 鈥渁ccounting鈥�, an image of number crunchers working away in dull cubicles often comes to mind, but Senior Accounting major, Megan Young, paints a very different picture. 鈥淚t鈥檚 not just doing taxes and filling out returns. It鈥檚 a lot of research, a lot of client interaction, too. That鈥檚 a misconception about working in taxes; that you just sit in your cube and grind out tax returns, when there鈥檚 really a lot of client interaction, and a lot of interaction with the audit department and the federal tax group, too.鈥�
Megan is currently interning in the State and Local Tax department of the accounting and consulting firm, BDO Akron, where she has been working since August of 2016. Prior to her time with BDO, Megan interned at a small aerospace factory doing cost accounting. Through her time as intern, she has had the opportunity to have paid, real-world work experience while gaining a glimpse of how diverse the world of accounting can be.
鈥淭here are so many different fields. I went from a factory to your typical 9-5 office. It鈥檚 so interesting working with different industries. Even if I鈥檓 working on a tax return for different technologies, there are people inventing things and then I get to do their returns. It鈥檚 fascinating to me!鈥�
Finding a Path
Hearing these words, it鈥檚 not too surprising to learn that Megan has had her sights set on accounting for many years. 鈥淪tarting in 8th grade, I knew I wanted to be in accounting. I鈥檓 a nerd like that鈥t was practical and I knew I could do a lot with the degree鈥� My mom always said 鈥榊ou鈥檙e going to be an engineer or an accountant, that鈥檚 just the way your brain works鈥�. I really took that to heart and looked into both careers. Business was interesting and it鈥檚 changing, especially with technology, and that really piqued my interest.鈥�In high school, Megan began to explore options for continuing her education. 鈥淚 started looking into schools and I learned that Akron has a top 25 accounting program鈥 could commute, stay at home for a couple years, save some money, but still get a quality education.鈥�
Beginning classes at 91传媒在线, Megan, like many college freshman, had an idea of the field she wanted to study, but was not yet sure where her degree would lead. Through CBA sponsored events, such as Evening With the Accountants, and involvement in student organizations, Megan was able to gain a clearer picture of the accounting world and where she would fit within it.
鈥淚 wasn鈥檛 really sure what I wanted to do with accounting my Freshman year. Putting myself out there wasn鈥檛 something I was comfortable with. I鈥檇 just go to class and go home and I wasn鈥檛 involved in any organizations. My Sophomore year, I started getting involved with the Accounting Association, and my Junior year I joined PSE (Pi Sigma Epsilon, a co-ed professional sales and marketing fraternity), and took on an officer role in IMA (Institute of Management Accountants). I learned to put myself out there, and if I want something, I have to go get it for myself鈥� As I鈥檝e taken more classes and gained more experiences, I鈥檝e discovered the niche areas that I might be interested in. The more I鈥檝e explored the minors [at the CBA], I鈥檝e already been able to add on to my accounting education. It鈥檚 a really good business school we have here.鈥�
Internships
A key in shaping Megan鈥檚 path have been her internships. While most students typically begin their first internships as upperclassmen, Megan, encouraged by the relationships she had built at the CBA, began her first internship at the end of her Sophomore year.
While the CBA has a fulltime Internship Coordinator who works with hundreds of students and employers each year, Megan followed a different path. 鈥淚n the accounting program, they definitely encourage you to get an internship. Junior year is the typical time, but I鈥檝e been going to Evening With the Accountants since Freshman year, trying to meet people and get a better idea of what accounting is really like. I was looking at opportunities and I found my first internship 鈥� in fact, I found both my internships 鈥� through LinkedIn. I tell people if they鈥檙e looking for internships, use it! It鈥檚 great for introducing people.鈥�
Megan鈥檚 first internship experience was unique, taking her into the field of cost accounting at an aerospace manufacturer in Mentor, OH. 鈥淚t was basically a wax factory. They made wax molds that would then make jet engines. So, right next to one of those machines was my little desk and I got to do the cost accounting, sitting with a little timer to time the processes and figure out the costs.鈥�
While she enjoyed her work in the factory, the hour drive to Mentor soon became too much and Megan turned to LinkedIn once again in search of another opportunity. 鈥淲hen I went in for the interview, I had a connection on LinkedIn that I鈥檇 met in the firm. I actually almost ran into her in the hallway. I saw her there and we had a quick conversation. I think my interviewer saw that and thought 鈥極h, she knows people here!鈥� That might have helped me, too. It really shows how important LinkedIn is.鈥�
Now, as an intern with BDO, Megan鈥檚 workday is highly varied, offering her a chance to learn about multiple facets of the tax realm of accounting. Far from your typical image of a coffee-fetching intern, Megan is involved in real work every day.
鈥淎s an intern in a small department 鈥� there鈥檚 about 8 of us 鈥� I never really know exactly what I鈥檓 going to be working on, especially when it鈥檚 not the busy season. I might work on different calculations, I do research, I shadow the senior management. The great thing about State and Local Tax is there are sales and little taxes that you wouldn鈥檛 expect. We have a big restaurant group in our firm, so I can look at the different taxes restaurants have to pay to open a business, what all that entails. I get to learn about a lot of different industries. Sometimes we鈥檒l have client notices that the State will send and I get to deal with those, call the State, find out more about what鈥檚 going on. I鈥檓 learning something every day...鈥�
As Megan is learning, internships offer the opportunity to bring together and put into practice skills from a wide variety of courses. 鈥淟ately, I鈥檝e been doing returns which require a lot of calculations in Excel, so the spreadsheet course was definitely an important one to take. I鈥檓 taking Advanced Spreadsheet in the fall, because that鈥檚 an accounting elective that鈥檚 going to be very useful to me. Public speaking was also helpful. I talk with people in management all the time, there is client interaction, and you have to present yourself well. Management and Organizational Behavior were helpful classes. Understanding the people you work with and how everybody differs is so important. Interacting with people differently to fit their styles, I think that鈥檚 important, too鈥鈥檝e really been able to develop myself interpersonally through my classes and put it into practice at my internship.鈥�
Making Connections: The Institute of Management Accountants
Heading into her final year at the CBA, one of Megan鈥檚 goals as IMA president is to help her fellow students understand the wide variety of career options within the field of accounting.
鈥淭here are so many niches for accounting, especially in Akron. There鈥檚 the forensic accounting, joint Master鈥檚 degree, and other…I think when people hear 鈥榓ccounting鈥�, they think 鈥榩ublic accounting鈥�, so it鈥檚 really interesting to try to get people to think more about managerial, if they want to work with a company or work up to a CFO or CEO…鈥�
One of the ways Megan plans to achieve this goal is through the student organization of which she is currently president, the IMA.
鈥淚MA is a great organization because professionals have their own chapters and then there are the student chapters. My selling point when I鈥檓 trying to recruit is our monthly dinners. Every month, IMA hosts dinners with accountants. There are two speakers and they love when students come, so I try to attend as often as I can…We鈥檝e made some good connections with area accountants there. You could get to sit next to a CFO! It鈥檚 really interesting and you get to make so many great connections. Honestly, the Northeast Ohio area, even the accounting world, feels small once you start building connections. I鈥檝e had recruiters reach out to me, or had people reach out to me from opportunities within the student organizations…it鈥檚 been very beneficial.鈥�
Working a professional internship while taking classes and acting as a student organization President is a lot to take on, but Megan relates that her employers are careful to put her education first.
鈥淭hey鈥檙e very understanding. Classes come first to them鈥 work about 3 days a week, 9-5. With the busy season, I was almost full time, sometimes staying late at night but it was never too crazy. I think the latest I was there was 9pm. It鈥檚 all manageable.鈥�
Career Ready
For Megan, the future holds nearly endless possibilities. As an accounting major with a minor in Information Systems and Entrepreneurship, as well as two years of real-world experience under her belt, she will be hitting the ground running.
鈥淚 always tell people. If you have an opportunity--it might not be the most glamorous opportunity--but if you have any opportunity to get your foot in the door, just try something in your industry. Go for it. I was in a wax factory. It wasn鈥檛 glamorous. I was waking up early, driving an hour to Mentor; but I got my first taste of accounting, and it was a talking point in my interview for my next internship…鈥�
As she heads into her final year at 91传媒在线, Megan will continue her internship with BDO through her graduation in May 2018. Like many other Zips, Megan finds the end bittersweet. 鈥淚t鈥檚 really interesting feeling like 鈥楾his is my last year?!鈥� and all that that entails. Preparing for graduation, hopefully getting my job offer after graduation… finishing up and finishing strong and taking my student organization, IMA, and seeing how we can grow that and pass it on to someone else. Just kind of wrapping up. It鈥檚 happy, but also, this was fun, and I know I鈥檒l miss it when I leave.鈥�
We will be following more CBA students on their adventures throughout the summer. Be sure to check back here and follow us on Facebook, Twitter, and Instagram to keep up with the latest stories!
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