RateMyPlacement’s guide to undergraduate placements & internships in Accountancy & Finance
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PwC
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Featured Opportunities in Accountancy & Finance
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Work & Industry Guide
Real Experiences
Hi guys, it's Chris here. Meet Lizzie. She's on Internship at Grant Thornton this year. Find out what she's been up to, and what a typical student experience is like on Internship in the Accountancy & Finance industry.
Also here in the Accountancy & Finance Work & Industry Guide you can find information on some of the key-player companies, as well as jobs and reviews you may want to read through.
Lizzie at Grant Thornton
- Experience
- Internship
- Company
- Grant Thornton
- Job Title
- Audit Summer Intern (Manchester)
- Dates
- June 2011 – August 2011
- University
- Durham University
- Course
- Economics
Questions & Answers
- How have you found the training?
Excellent. I did two days of e-learning exercises to learn how Grant Thornton operates and how audits are done, which was very interactive. The knowledge itself involved a lot of detail, but obviously necessary if we were to go out and represent the firm. I also took part in a two-day training course at the firm’s training centre in Bradenham, Buckinghamshire, a true highlight of the internship. It allowed me to get to know other interns from across the country, while learning new skills, as well as being extremely well fed!
- How did your internship help you get a graduate training programme at Grant Thornton?
I was already preparing to apply for a graduate position at the end of the programme, if I performed well obviously. The internship itself just assured me that this business line and the company were definitely the route I wanted to take. It also meant in my final interview I had more than enough to talk about.
- What work did you get involved in on the placement?
I took part in a variety of audits, ranging from colleges, big companies and hotel chains. I was thrown in the deep end; talking on numerous occasions to managing and financial directors. I also did a lot of work in the office, for example helping out anyone who had accounts to check. I also spent a few days in other departments.
- What were the highlights?
Definitely the training days at Bradenham; painting a school in London as part of a corporate responsibility day; the office summer barbecue, and my days at the hotel chain audit.
- And the toughest parts?
Two things: accepting the fact I had to ask a lot of questions because I was new to the firm and getting my head around the financial jargon. Everyone in the office made this easy for me though, never seeming to get annoyed even if I didn’t understand things that for them would have been very basic. Also the travelling is something I had to get used to, along with the early mornings – it was almost like being back in my old school routine!
- What advice would you give to someone thinking of applying for the placement?
Make your application stand out, go to all the events offered at the office itself or at the university you are studying, and just get to know employees. Ask them all as many questions as you can and make it evident in your application that you have actually been to the events. Showing a keen interest prior to your application will definitely help set your application apart from the others.
- Best piece of advice you were given during your placement?
To make sure that when I start my graduate programme I try and spend an hour a night studying, so that all my weekends won’t be eaten up with revision, even though I know some will be!
- What does the future hold for you?
It's not long now until I join the firm as a graduate. So the future holds… exams, exams and more exams, alongside working and trying to get used to the work routine, especially when compared to my university lifestyle!
Background
The accountancy and finance sector consists of firms offering a variety of professional services for organisations and individuals including audit and assurance, tax, advisory and outsourced services. All large businesses and many small to medium sized enterprises (SMEs) have a finance function that could potentially employ finance staff.
Accountancy and finance professionals have a wide range of responsibilities, from ensuring that company finances remain 'healthy', to analysing if the organisation can afford to expand or diversify, and making sure routine functions such as paying members of staff and suppliers are completed accurately and on time. Their functions are integral to their employer's decision-making processes and also crucial for long-term organisational stability and growth.
Accounting and finance professionals operate across every industry, and generally work in one of the following:
- Industry: In other profit making firms across all sectors ranging from engineering and media companies, to insurance and investment firms.
- Private practice: These range from large UK based firms which offer a broad range of audit, accountancy, taxation, and consultancy services, including research and organisational development, to small and mid-tier accountancy firms who operate locally in every town across the UK.
- Public sector: These are organisations such as the NHS, local authorities, schools, the government, charities and other non-profit making organisations.
Accountancy and finance is a broad term which can refer to the full spectrum of specialisms including auditing, bookkeeping, payroll, financial accounting, forensic accounting, corporate treasury, tax consultancy, insolvency management, plus many more. Important skills to succeed with a career in accountancy and finance include good communication and analytical skills, a high attention to detail and level of accuracy and both numeracy and IT skills.
To find out more, visit Directions, the Financial Skills Partnership careers website.
Jobs in Accountancy & Finance
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Grant Thornton 12-Month Placements
Grant Thornton
Application deadline: 29th Feb 2012 |
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Grant Thornton Summer Internships
Grant Thornton
Application deadline: 29th Feb 2012 |
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Summer Internship Programme
BDO
Application deadline: Ongoing |
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Undergraduate Opportunities with Deloitte
Deloitte
Application deadline: Ongoing |
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Insight Business Placements
PwC
Application deadline: Ongoing |
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Work Experience Videos Guides
We’ve teamed up with those employment experts at Career Player to ensure you get some cracking advice on finding your perfect placement or internship in Accountancy & Finance.