There are plenty of paths you can pursue in the accountancy field – and we’re here to help get you there.
Whether you’re looking to work in the private or public sector, there are an additional 80,000 accounting jobs popping up over the next few decades. That’s a lot of openings for qualified individuals.
Once you have the right skills, you’ll need to choose the right specialty to enter. We’ve gathered three simples steps for you to learn about becoming an accountant in the UK.
1. Get qualified
You can apply to an accountancy role with any degree but having the relevant qualifications will put your CV at a clear advantage. In addition to an accounting degree, there are many qualifications awarded by the industry’s leading professional bodies that will help you progress in your career. Examples include:
- AAT: typically the minimum level expected of an accountant – made up of four qualifications across three levels
- ACCA: made up of two levels – Fundamentals and Professionals
- AIA: the highest award – by completing this, you can achieve qualified accountant status
- ACA: 450 days of practical work experience and 15 exam modules
- CIMA: exclusively relevant to a career in management accounting which requires you to have the postgraduate level CIMA qualification
Our Accounting with Management programme is a brilliant first step to take on your professional journey. And it’s accredited by the ICAEW, CIMA, and ACCA.
2. Get specialised
Now you’ve got your qualifications, it’s time to decide what to specialise in.
Accounting careers are typically split into two areas: financial or management accounting. Financial accounting provides financial information to external stakeholders while management accounts provide information to people within an organisation.
Many people enter the field through financial accountancy, which can lead to specialisms in areas such as:
- Forensic Accounting
- Corporate finance
- Business recovery
3. Get experience
Alongside education, real-world experience is an excellent way to set yourself apart in the job market.
Many large financial companies such as Deloitte or KPMG offer summer internships and work placements. Whilst highly competitive, the programmes are a great way for you to gain professional experience.
Another option is to secure a graduate scheme in accounting, business, banking, or finance. There are schemes within these fields that allow you to work while you study. This way, you can gain vital experience while studying for the relevant qualifications you need, such as the ACA.
If you don’t have a degree, there are alternative paths to take into account – like apprenticeships through the AAT. Securing an apprenticeship means you can learn practical skills and earn a wage, while still studying to achieve the relevant qualifications. It’s a great way to fast-track your career and achieve chartered accountant status.
Whatever route you choose, you’ll be in for a very fulfilling role.
Apply to our Accounting with Management programme to kick-start your career today!