Practice makes perfect with ACCA

The vast majority of graduates wanting to pursue a career in accountancy enter the profession via the practice route, signing up for a three year training contract. Many go on to forge a highly successful, varied and lucrative career within practice, with many going on to become a partner.

Many more use the practice route as a solid building block on which to qualify as an accountant, gain the essential knowledge and skills as well as a number of years’ experience, post-qualification, that will advance their careers in different industries.

The Big Four accountancy firms – PricewaterhouseCoopers, Deloitte, KPMG and Ernst & Young - dominate accountancy recruitment in the UK, but medium-sized and smaller firms have much to offer graduates, too. Deciding what type of firm you’d like to work for is an important first step for graduates.

Starting salaries depend on the size and location of the firm. London pays more than the regions and larger firms pay more than smaller ones. Outside of the Big Four firms, the top 12 firms offer around £25,000 as a starting salary, with a generous and flexible benefits package. However, once qualified, salaries will double, and depending on your employer your pay package may increase as you pass exams.

Expect a warm, sociable and supportive environment, but the first three years will be hard working balancing work and study. It is well worth it though.

Next month in Bright Futures ACCA will be looking at careers in Financial services.

ACCA is your ticket to success in any sector, anywhere in the world. Start your journey today at www.accaglobal.com/ukgraduates