Being an intern pays off at Jericho firm
Roger Ciacco, managing partner of Satty, Levine and Ciacco accounting, was an intern at the Jericho firm in 1969. Frank Sluter, an intern in the 1980s, will become managing partner next January. Credit: Danielle Finkelstein
Intern season is starting at many companies on Long Island, and there is an important story for new interns in the Jericho-based accounting firm Satty, Levine and Ciacco.
Roger Ciacco, 65, started there as an intern in 1969. He is now managing partner of the firm, which has 33 employees. Frank Sluter, 45, started there in 1987, also as an intern. He is to become managing partner in January when Ciacco plans to semiretire.
It pays to be an intern, Ciacco and Sluter said. Ciacco was drafted into the Army and served a year in Vietnam in 1968, then attended Pace College. He became an intern at the firm while at Pace and started full-time in 1971. Then, there were two partners and one staffer, he said. He rose as the firm grew in the boom years of the 1990s.
Ciacco was mentored by the senior partners, and he mentored Sluter, he said. Sluter interned while he was a Baruch College student, and became full-time in 1989.
Sluter says that he has had other offers, but decided to stay. "It pays to show loyalty to a company," he said. "I see resumes now from people who've been out of college 10 years, and they've already had five jobs. We've got to instill loyalty into younger people."
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