The Student Room Group

Finance career question

I am currently in year 11 and would love to do a financial career. My plan is to take a Maths, Further maths, Economics & Accounting A-levels however as a foreigner I know that I might struggle more than I should with Econ because it’s a essay heavy subject. My other choice is to do Maths, Further maths, physics and Accounting. My thought process is: physics even if I get a low grade is still respected for attempting it Acc is just a good A-level to put into personal statement if I’d like to do an apprenticeship right after sixth form and maths is there because I enjoy it. However my parents insist on doing Maths, Chemistry and Biology so that I can get into medicine if I get good grades but I’m not sure if I’ll be able to do finance as a plan B.
( ps sorry if all of this is confusing, correct me and ask questions!)
Original post by uhgighki
I am currently in year 11 and would love to do a financial career. My plan is to take a Maths, Further maths, Economics & Accounting A-levels however as a foreigner I know that I might struggle more than I should with Econ because it’s a essay heavy subject. My other choice is to do Maths, Further maths, physics and Accounting. My thought process is: physics even if I get a low grade is still respected for attempting it Acc is just a good A-level to put into personal statement if I’d like to do an apprenticeship right after sixth form and maths is there because I enjoy it. However my parents insist on doing Maths, Chemistry and Biology so that I can get into medicine if I get good grades but I’m not sure if I’ll be able to do finance as a plan B.
( ps sorry if all of this is confusing, correct me and ask questions!)

Just out of interest, which country do you intend to work in? I can give you the requirements to work in the UK finance sector, but if that's not what you want, it's a bit redundant to mention it. Also, you should really be specific about which role in finance that you want to go for. There are about 10-15 different roles, each with very specific requirements, so don't lump them all together.

In terms of accounting, I can almost guarantee that doing A Level Accounting would do nothing to help in any case. To get into accounting, you would need a professional accounting qualification, not the A Level and the A Level won't count towards any exemptions in any country as far as I know.
If you want to do an accounting degree, you can do. However, do note that by having the degree won't make getting into accounting any easier. All it does is gives you exemptions towards some of the modules in your professional accounting qualification (whichever that might be). There is absolutely no requirement to have the degree in order to enroll onto the professional qualification or to even get the job.
What most employers would look for (in terms of qualifications) is high A Level grades in any subject (more or less the same criteria for any accounting qualification, unless there are very quantitative finance modules), so you can more or less go in with just A Levels.

Whilst a degree in economics or finance won't help you get into the finance sector (unless you are solely intent on going into academic research), if you want to do a degree in these area, you would only need Maths for most degrees. FM would help for pickier unis. The third A Level can be anything you want.
If you really want to stretch it, quantitative degrees such as maths, physics, and engineering tend to help a bit more in finance from what I have heard (not that it would exempt you from getting what you need for the roles that you have in mind). In this sense, physics A Level might be borderline helpful. However, that's usually only relevant for quantitative roles, as opposed to front office roles.

Whilst doing a degree in medicine won't hurt you getting into finance in the UK, it's still a very difficult degree to get into. It's also not a degree that I recommend people getting if they don't intend to go into medicine. For one, you would need to spend 5 years getting a degree, which is significantly longer than most other degrees, and it doesn't help you in any case. Getting a degree in medicine like a trophy is a waste of time and money.
Ultimately though, it's your life to live and you would have to make the decision of what you want to study and what to do. If you still want to do a degree in medicine regardless, then that's you. However, if it's only your parents' wishes, then they don't have a say on how you get to live.
Reply 2
Original post by MindMax2000
Just out of interest, which country do you intend to work in? I can give you the requirements to work in the UK finance sector, but if that's not what you want, it's a bit redundant to mention it. Also, you should really be specific about which role in finance that you want to go for. There are about 10-15 different roles, each with very specific requirements, so don't lump them all together.

In terms of accounting, I can almost guarantee that doing A Level Accounting would do nothing to help in any case. To get into accounting, you would need a professional accounting qualification, not the A Level and the A Level won't count towards any exemptions in any country as far as I know.
If you want to do an accounting degree, you can do. However, do note that by having the degree won't make getting into accounting any easier. All it does is gives you exemptions towards some of the modules in your professional accounting qualification (whichever that might be). There is absolutely no requirement to have the degree in order to enroll onto the professional qualification or to even get the job.
What most employers would look for (in terms of qualifications) is high A Level grades in any subject (more or less the same criteria for any accounting qualification, unless there are very quantitative finance modules), so you can more or less go in with just A Levels.

Whilst a degree in economics or finance won't help you get into the finance sector (unless you are solely intent on going into academic research), if you want to do a degree in these area, you would only need Maths for most degrees. FM would help for pickier unis. The third A Level can be anything you want.
If you really want to stretch it, quantitative degrees such as maths, physics, and engineering tend to help a bit more in finance from what I have heard (not that it would exempt you from getting what you need for the roles that you have in mind). In this sense, physics A Level might be borderline helpful. However, that's usually only relevant for quantitative roles, as opposed to front office roles.

Whilst doing a degree in medicine won't hurt you getting into finance in the UK, it's still a very difficult degree to get into. It's also not a degree that I recommend people getting if they don't intend to go into medicine. For one, you would need to spend 5 years getting a degree, which is significantly longer than most other degrees, and it doesn't help you in any case. Getting a degree in medicine like a trophy is a waste of time and money.
Ultimately though, it's your life to live and you would have to make the decision of what you want to study and what to do. If you still want to do a degree in medicine regardless, then that's you. However, if it's only your parents' wishes, then they don't have a say on how you get to live.

Thank you for such a quick response! I intend to spend at least 10 years in Uk but I don’t think I’ll stay long here. I’m still really undecided on specific career but my very end goal is to become a commercial finance manager( I know how unrealistic it sounds). So I overall don’t need Econ and accounting? However what I am overall afraid of is if I take the physics and something else, it would definitely be harder so I am scared to not get good grades.
Original post by uhgighki
Thank you for such a quick response! I intend to spend at least 10 years in Uk but I don’t think I’ll stay long here. I’m still really undecided on specific career but my very end goal is to become a commercial finance manager( I know how unrealistic it sounds). So I overall don’t need Econ and accounting? However what I am overall afraid of is if I take the physics and something else, it would definitely be harder so I am scared to not get good grades.

No, you don't need a degree in finance, economics, or accounting to go into finance.

Unfortunately there is no universal definition for a role as a commercial finance manager. Looking through a sample of job listings, it seems being a qualified accountant would be sufficient:
https://careers.dyson.com/en-gb/job-description/commercial-finance-manager/JR22720
https://www.sodexojobs.co.uk/jobs/job/Commercial-Finance-Manager/56574
https://www.michaelpage.co.uk/job-detail/commercial-finance-manager/ref/jn-102023-6207225
https://www.reed.co.uk/jobs/commercial-finance-manager/51933511?source=searchResults&filter=%2Fjobs%2Fcommercial-finance-manager-jobs
https://www.reed.co.uk/jobs/commercial-finance-manager/51761482?source=searchResults&filter=%2Fjobs%2Fcommercial-finance-manager-jobs

The most commonly quoted accounting qualifications are ACCA, CIMA, and ACA. ACCA and ACA generally ask for passes at A Levels, whereas CIMA doesn't have any requirements to start.
Do note: to become fully qualified in any accounting qualification, you would need the minimum number of years of qualified work experience, under the same person that is qualified in the qualification e.g. you cannot become CIMA qualified whilst working under an ACCA accountant, it needs to be a CIMA qualified accountant; similar with ACCA and ACA.
One company is interestingly is asking for a degree in a relevant area, which I am not entirely sure what they mean.

There are other professional accounting qualifications such as ICAS, CAI, AIA, etc. (see: https://en.wikipedia.org/wiki/British_qualified_accountants), but the above tend to be the most popular. ACA would be my recommendation because you can move into more careers and fields with it than CIMA and ACCA. The only drawback of ACA is that it's not as internationally recognised as ACCA, so if you intend to work in another country chances are it's either not recognised (so you would need to study another professional accounting qualification suitable for the country or do one that's internationally recognised in most countries such as ACCA) or you have to convert the qualification to the local professional accounting qualification (if they accept it) + do the necessary work experience to qualify.
Do note: although they are all more or less the same, ACA is regarded as a better qualification than ACCA. In your case, I don't particularly matters, but still ACA trumps ACCA.
Do also note: just because you are qualified in one accounting body, it does not exclude you from qualifying in another e.g. after qualifying in ACA for example, you can then do 4 more papers to qualify under ACCA (after paying a big fee for all of your exemptions) if you then do the necessary qualified work experience under an ACCA accountant.

As you did not specify which other countries you intend to work in, I would leave it up to you how far ahead you want to plan and whether you want your qualification to be valid in your home country. If you want more detail, then you would need to detail what your intentions are.

Do also note, just because you can work as a commercial finance manager in the UK without a degree, it does not necessarily mean you won't need one in your home country. As I don't know which country you intend to work in and what the requirements to be a commercial finance manager is in your home country, I would leave this up to you to research.

So I overall don’t need Econ and accounting?
Not if you intend to work in the UK. From the look of things, just 3 very good A Levels in any subjects.
A degree in economics is great if you intend to become an economist or teach economics, but generally that's the sort of jobs that requires such a degree. You don't need an accounting degree to work in accounting in the UK (you would need one or sufficient number of accounting classes in your degree in the US and Canada though).

what I am overall afraid of is if I take the physics and something else, it would definitely be harder so I am scared to not get good grades.
As the line of work that you want to get into doesn't really depend on you studying specific subjects, I would focus on doing the subjects where you would get the highest grades, much to my disappointment.
If you can get the highest grades in maths, fm, and economics, then take those subjects.

If you do have a specific career in finance that you really want, then it's a good idea to look into it now as opposed to leaving it a few years down the line. If you want to look through the job profiles yourself, see:
https://nationalcareers.service.gov.uk/job-categories/business-and-finance
https://www.careerpilot.org.uk/job-sectors/finance-accounting/job-profiles
https://www.prospects.ac.uk/job-profiles/browse-sector/accountancy-banking-and-finance
https://www.life-pilot.co.uk/job-sectors/finance-accounting/job-profiles
Reply 4
Original post by MindMax2000
No, you don't need a degree in finance, economics, or accounting to go into finance.

Unfortunately there is no universal definition for a role as a commercial finance manager. Looking through a sample of job listings, it seems being a qualified accountant would be sufficient:
https://careers.dyson.com/en-gb/job-description/commercial-finance-manager/JR22720
https://www.sodexojobs.co.uk/jobs/job/Commercial-Finance-Manager/56574
https://www.michaelpage.co.uk/job-detail/commercial-finance-manager/ref/jn-102023-6207225
https://www.reed.co.uk/jobs/commercial-finance-manager/51933511?source=searchResults&filter=%2Fjobs%2Fcommercial-finance-manager-jobs
https://www.reed.co.uk/jobs/commercial-finance-manager/51761482?source=searchResults&filter=%2Fjobs%2Fcommercial-finance-manager-jobs

The most commonly quoted accounting qualifications are ACCA, CIMA, and ACA. ACCA and ACA generally ask for passes at A Levels, whereas CIMA doesn't have any requirements to start.
Do note: to become fully qualified in any accounting qualification, you would need the minimum number of years of qualified work experience, under the same person that is qualified in the qualification e.g. you cannot become CIMA qualified whilst working under an ACCA accountant, it needs to be a CIMA qualified accountant; similar with ACCA and ACA.
One company is interestingly is asking for a degree in a relevant area, which I am not entirely sure what they mean.

There are other professional accounting qualifications such as ICAS, CAI, AIA, etc. (see: https://en.wikipedia.org/wiki/British_qualified_accountants), but the above tend to be the most popular. ACA would be my recommendation because you can move into more careers and fields with it than CIMA and ACCA. The only drawback of ACA is that it's not as internationally recognised as ACCA, so if you intend to work in another country chances are it's either not recognised (so you would need to study another professional accounting qualification suitable for the country or do one that's internationally recognised in most countries such as ACCA) or you have to convert the qualification to the local professional accounting qualification (if they accept it) + do the necessary work experience to qualify.
Do note: although they are all more or less the same, ACA is regarded as a better qualification than ACCA. In your case, I don't particularly matters, but still ACA trumps ACCA.
Do also note: just because you are qualified in one accounting body, it does not exclude you from qualifying in another e.g. after qualifying in ACA for example, you can then do 4 more papers to qualify under ACCA (after paying a big fee for all of your exemptions) if you then do the necessary qualified work experience under an ACCA accountant.

As you did not specify which other countries you intend to work in, I would leave it up to you how far ahead you want to plan and whether you want your qualification to be valid in your home country. If you want more detail, then you would need to detail what your intentions are.

Do also note, just because you can work as a commercial finance manager in the UK without a degree, it does not necessarily mean you won't need one in your home country. As I don't know which country you intend to work in and what the requirements to be a commercial finance manager is in your home country, I would leave this up to you to research.

So I overall don’t need Econ and accounting?
Not if you intend to work in the UK. From the look of things, just 3 very good A Levels in any subjects.
A degree in economics is great if you intend to become an economist or teach economics, but generally that's the sort of jobs that requires such a degree. You don't need an accounting degree to work in accounting in the UK (you would need one or sufficient number of accounting classes in your degree in the US and Canada though).

what I am overall afraid of is if I take the physics and something else, it would definitely be harder so I am scared to not get good grades.
As the line of work that you want to get into doesn't really depend on you studying specific subjects, I would focus on doing the subjects where you would get the highest grades, much to my disappointment.
If you can get the highest grades in maths, fm, and economics, then take those subjects.

If you do have a specific career in finance that you really want, then it's a good idea to look into it now as opposed to leaving it a few years down the line. If you want to look through the job profiles yourself, see:
https://nationalcareers.service.gov.uk/job-categories/business-and-finance
https://www.careerpilot.org.uk/job-sectors/finance-accounting/job-profiles
https://www.prospects.ac.uk/job-profiles/browse-sector/accountancy-banking-and-finance
https://www.life-pilot.co.uk/job-sectors/finance-accounting/job-profiles

Thank you very much for helping so much! So if I take any a levels (+maths), and get fairly high grades it should be enough to start this career. I’ve also seen a traineeship available in my area which I’m thinking of attending during summer, I hope this will help me to get maybe an apprenticeship after sixth form and or an internship in which I’ll work towards like it was said the qualifications like ICAS, ACCA, SIMA etc. snd just slowly build experience. Does this sound like a plan?)))))

Quick Reply

Latest