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Business Professionals Share Career Advice with Accounting Students

by
Margaret Ruggieri
April 17, 2002

On April 17, 2002, the Providence College Accountancy Department sponsored a panel presentation, Beyond the Big 5:  Career Options in Accounting.  The panel consisted of area business professionals, several of whom are Providence College alumni, who all have an accounting background. The theme of the evening was that a background in accounting is very marketable and allows for many career options.  The panelists included:

Dennis Carvalho ’77
President
Ploy-Flex Circuits, Inc.

Chris Feisthamel ’83
VP of Client Services
Fidelity Investments

Patricia Cerilli ’79
Mullen, Scorpio & Cerilli

G. Russell Griffiths
Special Agent
FBI

Joseph Consoli, CPA
Special Agent
FBI

Robert McDonald
Former IRS Agent
Batchelor, Frechette, McCrory & Michael

To a group of approximately 50 students, each panelist spoke about:

  • their career path

  • their “typical” day

  • rewards/challenges

  • hindsight:  Would they do anything differently

  • general career advice

Starting a Career in Accounting

Most of the panelists began their career working for one of the Big 5 accounting firms and felt that the experience was invaluable and suggested that starting with a Big 5 firm is probably the best way to start a career in accounting. 

Patricia Cerilli, who began her career with Deloitte, Haskins, and Sells (now Deloitte, Touche, & Tohmatsu) suggested that students simply treat their experience with a Big 5 accounting firm as a “continuation of their schooling” and approach their first few years in a Big 5 firm with optimism and a willingness to get involved. 

Dennis Carvalho added that his experience with PriceWaterhouse (now PricewaterhouseCoopers) allowed him to meet so many different people.  According to Carvalho, taking advantage of this opportunity to network with other professionals and clients was a great stepping-stone for his career.

While at Coopers & Lybrand (now PricewaterhouseCoopers) in Hartford, Connecticut, Chris Feisthamel was exposed to many different industries, including newspapers and manufacturing.  Chris reiterated Dennis and Patricia’s comments by stating that his experience with the Big 5 was great training because it allowed him to really develop his people skills

What Next?

Starting with a Big 5 accounting firm is a great way to start a career, but for a variety of reasons, most people do not remain with a Big 5 accounting firm for the remainder of their career. 

Why?  At least two reasons why some leave Big 5 firms is because they more control over their destiny and/or because they are looking to expand their horizons beyond the financial aspect.  After the Big 5, Dennis worked in a variety of functional areas including internal auditing and consulting for a turnaround business.  He even started his own jewelry business for a couple of years.

This desire for more control over her life is what eventually led Patricia Cerilli to join her current CPA firm (Mullen, Scorpio & Cerilli).  Being a partner of a small CPA firm has many advantages, according to Patricia.  She gets to spend more time with her family and she can be more involved in helping her non-profit clients reach their goals, and this makes her career rewarding to her.

Something Different

One under-considered option is a career in law enforcement with the FBI. 

After graduating from Bentley College in 1988, Joe Consoli started with the IRS and worked there until he was 23—the minimum age requirement for the FBI.  Joe said that he didn’t want a desk job and that’s what made him consider the FBI. 

Russell Griffiths began his career with Westinghouse in Washington, D.C., but became disillusioned with business in general.  Wanting to make a career change, he attended a career fair and learned about the FBI.  Russell started with the FBI in 1991 and was promptly moved from Washington, D.C. to Boston where he was put into the drug task force. 

Both Russell and Joe agree that the work they perform for the FBI is widely diverse.  They spend a lot of time on white-collar crime, but it would not be unusual for them to be switched to organized crime, bank robberies, kidnapping cases, or even counter-terrorism—especially after the September 11 terrorist attacks on the United States.  According to Joe, most new FBI hires start with a fairly easy task such as performing background checks on individuals and should, at times, expect long work hours.

The FBI application process is rigorous.  As mentioned earlier, applicants must be 23 years old and have 3 years of work experience.  However, applicants with accounting experience are only required to be 23 years old.  In response to a question from a student, Russell mentions that the FBI receives approximately 70,000 applications per year and only about 900 applicants are hired after the extensive application process that includes polygraph (i.e., lie-detector) tests, background checks, and 16 weeks of training in Quantico, Virginia.  Russell strongly emphasized honesty and integrity as two crucial qualities that the FBI must see in an applicant.

General Advice

Some of the general advice offered to the students included:  being a leader, asking for more responsibility, being optimistic, demonstrating a willingness to learn, keeping an open mind about your career, being open to moving outside of the financial area, being a volunteer and team player at work. 

Bob McDonald stressed that students should really look to a career that they will truly enjoy doing.  He followed up this advice with a story of how his son started his career with Fidelity Investments and eventually got a job with the New England Patriots.  His son will even receive a Super Bowl ring for his work with the Patriots!

Kaizen, added Chris Feisthamel, is a Japanese philosophy that stresses continuous improvement.  Chris stated his firm, Fidelity Investments, is successful because of this philosophy whereby each individual within the organization simply tries to perform his or her job better day-by-day.  Chris added that perhaps students could apply a Kaizen point-of-view towards their future careers.

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