BUFFALO, N.Y. -- Matthew Silver, a master’s student in the
University at Buffalo School of Management, has been selected as
one of only six students nationwide to earn a postgraduate
technical assistantship (PTA) with the Financial Accounting
Standards Board (FASB).
The FASB establishes accounting and financial reporting
standards for all businesses in the United States. Landing an
assistantship with the organization is considered the B-school
equivalent of clerking for a U.S. Supreme Court justice.
Silver, of Plainview, earned a bachelor’s degree at the UB
School of Management in 2013 and will graduate with a Master of
Science in accounting in May.
He is one of three School of Management students in the past two
years to be accepted into an assistantship with either the FASB or
its counterpart for state and local governments, the Governmental
Accounting Standards Board (GASB). UB is the only school in Western
New York with graduates who have earned PTAs at the FASB or
“UB will be well-represented with Matt as a FASB
intern,” says Kathy O’Donnell, assistant professor of
accounting in the School of Management, who recommended Silver.
“Matt is exceptionally mature and dependable. He is a poised
and confident young man who has always demonstrated a high level of
During the one-year program, FASB interns become highly involved
in the accounting standards-setting process to develop an in-depth
understanding of the roles played by preparers, auditors and users
of financial information.
Silver will work on all phases of his assigned project,
including reviewing and analyzing published research, preparing
memorandums on technical issues and evaluating accounting proposals
from other organizations.
“My immediate reaction was shock and total excitement. I
couldn’t believe I was chosen out of hundreds of applicants
across the country,” he says. “Now that it’s had
time to sink in, I’m focusing on how I can prepare to
contribute to the best of my ability. I’m eager to learn more
about accounting standards and have a role in setting new
Silver has already secured a position with
PricewaterhouseCoopers (PwC) after he completes his
He previously interned in the core assurance practice at
PwC’s New York office, where he participated in a quarterly
review for a large entertainment business and a year-end audit for
a multinational company. Through PwC’s Project Belize, he
also taught financial literacy to school-aged children in Belize
“Matt has the recognized potential to eventually be a PwC
partner,” says Mark Bruno, Lake Erie market sourcing leader
at PwC. “He gets noticed because of his pleasant enthusiasm
and his consistent high performance. His internship performance was
exceptional, so our goal is to keep him challenged and coach his
Silver also is a recipient of the SUNY Chancellor’s Award
for Student Excellence, and earned the New York State Society of
CPAs Outstanding Graduate and Undergraduate awards for having the
highest GPA in his accounting class.
“Our accounting professors really care about their
students and try to ensure that we understand the material,”
he says. “My education at the School of Management has been
instrumental in allowing me to succeed at the FASB and wherever
else my career will take me.”
Among large schools in New York with at least 150 candidates for
the 2013 CPA exam, the UB School of Management had the highest pass
rate for first-time candidates with 65.7 percent, surpassing state
and national averages. The school had 113 first-time candidates
pass the exam, more than any other institution in Western New
The UB School of Management is recognized for its emphasis on
real-world learning, community and economic impact, and the global
perspective of its faculty, students and alumni. The school also
has been ranked by Bloomberg Businessweek, the Financial Times,
Forbes and U.S. News & World Report for the quality of its
programs and the return on investment it provides its graduates.
For more information about the UB School of Management, visit mgt.buffalo.edu.