Loyola University Chicago

Quinlan School of Business

Baptism by hire

Baptism by hire

Quinlan launches accounting internship during tax season

Starting next spring, 19 Quinlan students will hit the ground running, working at some of Chicago's biggest accounting firms—right at the peak of tax season. The program, a collaboration between Quinlan's Accounting and Business Career Services departments, will be held January through mid April.

Because of the heavy workload during this time, or what is known as "busy season" to tax and audit professionals, students typically take the spring semester off. But for those on the fast-track to earning the 150 credit hours needed to take the Certified Public Accounting (CPA) exam, that simply isn't an option.

Quinlan’s new program eliminates that dilemma, allowing students to remain in school part time by offering six credit hours for ACCT350 (Accounting Internship) and three credit hours for a condensed version of ACCT308 (Accounting Information Systems).

Alyson Ryan, a former KPMG recruiter who now heads up Business Career Services, sat down to discuss the program's specifics. Here is what she had to say.

Why did Quinlan launch this program?
We want more of our students to intern during the busy season—the experience is better, and they earn and learn more. They get a true picture of what it's like to work in public accounting. Our location means that students do not have to relocate during the school year to work busy-season internships. We knew if we launched this program, more firms would consider Quinlan students. Dean Getz was supportive. Professors Brian Stanko and Tom Zeller made the program work from the academic side by allowing students to register for ACCT350 to get six credit hours for the internship and creating the condensed version of ACCT308 to allow students this experience and the opportunity to earn nine credits.

What companies are participating?
Firms interviewing on campus include Deloitte, Grant Thornton, KPMG, McGladrey, PwC, and WTAS. CliftonLarsonAllen, Crowe Horwath, and Steinberg Advisors have internships posted in RamblerLink.

When does it run?
Most interns start working full-time in early January 2014. Firms have various end dates, usually mid-March to mid-April.

What kind of work will students be doing?

Interns are typically hired into either the audit or tax practices. Interns during busy season do the same entry-level work as first-year associates.

What are the requirements?
Firms usually recruit about 10 months in advance for winter internships. Students should be earning their 150 credit hours by December 2014 or May 2015 to work as interns during the 2014 busy season. Firms require that applicants be accounting majors planning to sit for the CPA exam, and the GPA minimums range from 3.0 to 3.3.

Please contact Business Career Services for more information.