Are you an accounting student or a recent graduate looking for real-world experience in the industry? Then, you know how important landing that accounting firm internship is in your career journey.
Internships are hands-on learning opportunities you don’t get from a textbook. They provide networking potential and a direct path to full-time employment.
However, competition for these positions can be fierce. Many candidates vie for limited openings at top firms. To stand out, you need a combination of strong academic performance, technical skills, networking abilities, and a proactive approach to the application process.
Are you wondering how to differentiate yourself from other candidates and secure a CPA firm internship? This article should help answer your questions. From preparing your resume to acing the interview, we’ll leave no stone unturned.
Setting a Strong Foundation with Skills
Develop the skills and qualifications employers want before applying for an internship. Accounting firms expect you to have a solid academic background. It’s the practical skills and industry knowledge that will set you apart.
Here’s how you can hone those additional skills:
Technical Skills
Develop a good grasp of fundamental accounting principles and technical skills. Make sure you are proficient in:
- Accounting software: Programs like QuickBooks, Xero, and Sage are widely used in the industry.
- Microsoft Excel: Strong Excel skills, including functions like VLOOKUP, pivot tables, and financial modeling, can give you an edge.
- Financial reporting and tax knowledge: Understand Generally Accepted Accounting Principles (GAAP) and basic tax regulations.
Enrolling in extra courses or obtaining relevant certifications, such as a Certified Bookkeeper (CB) or Microsoft Excel Specialist, can make you more competitive.
Soft Skills
You’ll often assist with client interactions, data analysis, and financial audits as an intern.
In addition to your technical expertise, accounting firms value soft skills that indicate professionalism and adaptability. These include strong communication, time management, and problem-solving abilities.
Demonstrate leadership through extracurricular activities, group projects, or part-time jobs to impress recruiters.
Creating a Competitive Resume and Cover Letter
Your resume and cover letter are the first impressions employers have of you. A compelling application highlights your achievements, relevant coursework, and experience. Here’s how to make your resume and cover letter stand out.
A Rousing Resume
Your well-structured resume should include:
Education
List your degree, major, expected graduation date, and any relevant coursework (e.g., Taxation, Financial Accounting, Auditing).
Work Experience
If you have prior jobs or internships, highlight accounting-related tasks, such as bookkeeping, financial reporting, or reconciliations.
Technical Skills
Emphasize your proficiency in accounting software, data analysis tools, and spreadsheet management.
Leadership and Involvement
Highlight your participation in student organizations, volunteer work, or leadership roles.
Use action-oriented language and quantify achievements when possible. For instance, instead of saying—“Assisted with financial reports,”—write something like—“Prepared financial statements for a small business, reducing errors by 20%.”
An Eye-Catching Cover Letter
Your cover letter complements your resume by explaining why you are an excellent fit for the role. Include the following points:
- Why you are interested in the firm and the specific internship
- How your academic background and skills align with the firm’s expectations
- A brief example of your experience demonstrating problem-solving or teamwork skills
- A closing statement expressing enthusiasm for the opportunity and a request for an interview
Personalizing your cover letter for each firm, rather than using a generic template, significantly improves your chances of standing out.
Networking to Unlock Opportunities
Don’t underestimate the power of networking in securing an accounting intern job. Establishing relationships with industry professionals provides insights into job openings and increases your visibility with recruiters.
Need some networking pointers? Put these tips into action.
Leverage LinkedIn and Professional Organizations
A well-maintained LinkedIn profile lets you connect with accountants, hiring managers, and recruiters. Join groups like the American Institute of CPAs (AICPA) Student Community and participate in discussions to increase your industry presence.
Additionally, attend career fairs, workshops, and networking events hosted by organizations like Beta Alpha Psi or your local CPA societies. These organizations can help you establish connections with potential employers.
Set Up Informational Interviews
An informational interview is an excellent way to gain insights into the industry while making valuable connections. Reach out to professionals at accounting firms and request a brief meeting to learn about their experiences and career paths. While the goal is not to ask for a job directly, these conversations can lead to internship referrals or mentorship opportunities.
Acing the Interview
Once you secure an interview, your next step is preparing for it. Accounting firm interviews typically include a mix of technical and behavioral questions.
Common Questions
Expect questions like, “Why do you want to intern at our firm?” “Tell us about a time you worked in a team to solve a problem,” and “Explain a complex financial concept in simple terms.”
Practice answering questions like these to demonstrate your technical, communication, and problem-solving skills.
Showcase Your Fit for the Firm
Each accounting firm’s culture is unique. Research the company beforehand and tailor your responses. Highlight qualities that align with the firm’s values, such as attention to detail, analytical thinking, or adaptability.
Additionally, prepare to discuss relevant experiences, even if they are not directly related to accounting. Employers value transferable skills from retail jobs, research projects, or volunteer roles.
Gaining Experience Before Your Internship
If you’re struggling to secure an accounting firm internship, gaining experience through alternative methods can improve your candidacy. Consider:
- Freelancing—Offer financial analysis or bookkeeping services to small businesses.
- Online Certifications—Platforms like Coursera or Udemy provide affordable courses on tax preparation, audit techniques, and data analytics.
- Volunteering—Nonprofits often need assistance with financial record-keeping, giving you hands-on experience.
Taking these initiatives strengthens your resume and demonstrates proactive learning and commitment to the field.
Working Towards Your Goal
Strategic planning helps you get noticed and earn a CPA firm internship. Continue building your technical expertise, refining your soft skills, and creating an outstanding resume. Take advantage of networking opportunities and prepare for interviews to position yourself as a top candidate.
Accounting internships are a gateway to full-time roles in the industry. Invest effort in every stage of the application process so that you put your best foot forward. Whether you’re a student, recent graduate, or career changer, these steps can significantly improve your chances of securing an opportunity at a reputable firm.
FAQs
1. How do I find an accounting firm internship near me?
To find an accounting internship near you, start by searching on job boards like Indeed, Glassdoor, and LinkedIn using keywords such as "accounting intern jobs near me" or "CPA firm internship." Additionally, check the career pages of local CPA firms and universities, as they often list internship opportunities. Attending networking events and career fairs can also help you connect with firms looking for interns.
2. What qualifications do I need to apply for an accounting internship?
Most accounting firms require applicants currently enrolled in or recently graduated from a finance or accounting-related degree program. Strong academic performance, knowledge of accounting principles, and proficiency in Microsoft Excel and accounting software like QuickBooks can strengthen your application. Some firms may also prefer candidates working toward their CPA certification or other relevant credentials.
3. When should I start applying for accounting internships?
Start applying for internships at least three to six months before the desired start date. Many firms, especially larger CPA firms, recruit interns in the fall for summer internships, so keeping track of application deadlines is crucial. If you’re looking for internships outside of structured programs, you may find opportunities available year-round at smaller firms.
4. Do accounting internships pay, or are they unpaid?
Most CPA firm internships offer paid positions, particularly at mid-sized and large firms. The compensation varies depending on the company, location, and your experience level, with some internships paying hourly wages or a stipend. However, some small firms or nonprofits may offer unpaid internships, focusing on hands-on experience and networking benefits instead.
5. What should I include in my resume for an accounting internship?
Your resume should include details on your education, relevant coursework, technical skills, and any work or leadership experience. Highlight your familiarity with accounting software, financial reporting, and Excel functions to showcase your technical expertise. If you lack formal accounting experience, include part-time jobs, volunteer work, or extracurricular activities demonstrating relevant skills like problem-solving and attention to detail.
6. How can networking help me land an accounting internship?
Networking allows you to make connections with professionals who can refer you to internship opportunities before they are publicly listed. Attending career fairs, accounting society events, and LinkedIn networking sessions can help you meet industry professionals. Building relationships with professors and alumni can also lead to referrals or mentorship opportunities that enhance your chances of landing an internship.
7. What questions should I expect in an accounting internship interview?
Expect a mix of behavioral and technical questions during your interview. Common questions include “Why do you want to intern at our firm?”, “Tell us about a time you worked in a team to solve a problem,” and “How would you explain a complex financial concept to someone without an accounting background?” Technical questions may involve basic accounting principles, financial statement analysis, and Excel functions.
8. Can an accounting internship lead to a full-time job?
Yes, many accounting firm internships serve as a pipeline to full-time employment. Firms often use internships as a way to assess potential hires, and interns who perform well may receive job offers upon graduation. To increase your chances, demonstrate a strong work ethic, adaptability, and a willingness to learn during your internship.
9. What are the biggest mistakes to avoid when applying for an accounting internship?
Common mistakes include submitting generic resumes and cover letters, failing to research the firm before an interview, and neglecting to follow up after applying. Candidates should also ensure their LinkedIn profiles are updated, as many recruiters review online presence before scheduling interviews. Lastly, failing to prepare for technical questions can weaken your performance in the interview process.
10. How can I gain experience if I can’t find an accounting internship?
If you’re struggling to secure an internship, consider freelancing, online certifications, or volunteer work to build your experience. Many nonprofits and small businesses need accounting help, which can provide valuable hands-on learning. Online courses in tax preparation, bookkeeping, or financial analysis can also help strengthen your resume and increase your chances of securing an internship in the future.
