The Student Room Group

Routes to the ACA qualification

Dear all

Seen one or two posts referring to different routes into the ACA qualification and becoming an ICAEW Chartered Accountant so here's a quick run down of how you could find the perfect route for you:

ICAEW CFAB - this is a standalone qualification of six modules, which you could study through distance learning, a tuition provider and online. No entry qualifications required - it normally takes around a year to complete. It's also the first six modules of the ACA so could give you a headstart with an employer.

AAT-ACA route - this is an apprenticeship route which you could take straight from school at the age of 16, again no entry requirements unless an employer specifies them. It's also a fasttrack route into the ACA qualification and will take in total five or six years in total.

Higher Apprenticeship Audit/Assurance route - you could study straight after your A levels - this route can take you all the way to becoming an ICAEW Chartered Accountant.

A Levels - you can join as a school leaver direct into an ACA training agreement - this route takes you between three to five years.

Graduates - all degree disciplines are welcomed by employers if you want to apply for an ACA training agreement. Generally, employers don't require higher degrees, just great grades at first degree level.

If you have any questions or queries about the ACA and becoming an ICAEW Chartered Accountant, then just drop me a line!

Louise
Reply 1
I was wondering whether I can study for an economics degree and also do the ACA to become a chartered accountant at the same time
Reply 2
If my Uni does not offer exemptions, can I study alongside a degree?
Reply 3
Original post by Shah_C
I was wondering whether I can study for an economics degree and also do the ACA to become a chartered accountant at the same time


Original post by Quroh
If my Uni does not offer exemptions, can I study alongside a degree?


You're both new members who joined within a day of each other, posted at near enough the same time and asked near enough the same question. If you're not the same person then you might be sole mates!

There's nothing stopping you from studying ACA modules at the same time as your degree. However bear in mind;

1) It's demanding. Do you actually want to do both at the same time? Messing up your degree over taking to many exams would be very silly!

2) You can't qualify without the experience days. So you won't actually qualify any quicker than someone starting after graduation. Are you actually better off doing it now while you have to pay for it yourself?
Reply 4
Hi Louise,

I am currently a student entering my final year, well on course for a first.
However, my problem is my A-Level grades. I have exceptional grades at GCSE and throughout my degree but my A-Level years were a shambles
I have nowhere near the required amount that most employers state, but I am one hundred percent determined to gain my ACA qualification.
What are the possible routes available to me to get a training contract without going through the process of applying for graduate roles, knowing I will be rejected on the basis of my A-Levels.

Thanks in advance,
U.
Reply 5
The website says you need 450 on the job experience, so can i do the modules first independantly and then do the trainingon its own for a year and a bit
Original post by Shah_C
The website says you need 450 on the job experience, so can i do the modules first independantly and then do the trainingon its own for a year and a bit
You need to be in a training contract for 3 years minimum. The 450 days is basically to ensure that a certain proportion of those 3 years is made up of relevant experience.

Pretty sure ACA allow you to do as far as the CFAB independently - then you could get a three year training contract and ACA qualify. Personally though if you want to go that route I would suggest you do ACCA, not ACA.
Reply 7
Hi Louise, jumping straight to my situation...i am from india coming with 5 years of equity research experience with a US based hedge fund and decided to take up masters in finance and CFA along side which i successfully cleared this july, 2013. Have been constantly applying for jobs with no luck as I possess nil UK experience. Completely frustrated but not entirely given up, please advice in all honestly, would it make any sense to take up ACA now given my priority is to get a paying job in wealth management where my previous qualifications and experience is tested too. Let me be specific, how easy or difficult it is to get in touch with employers or training contracts through thi sroute. WIll my previous experience and qualifications work against me? I am 35 year old , how does stack against young ACA students? which is the fastest route for me?

cheers
Original post by keen05
Hi Louise, jumping straight to my situation...i am from india coming with 5 years of equity research experience with a US based hedge fund and decided to take up masters in finance and CFA along side which i successfully cleared this july, 2013. Have been constantly applying for jobs with no luck as I possess nil UK experience. Completely frustrated but not entirely given up, please advice in all honestly, would it make any sense to take up ACA now given my priority is to get a paying job in wealth management where my previous qualifications and experience is tested too. Let me be specific, how easy or difficult it is to get in touch with employers or training contracts through thi sroute. WIll my previous experience and qualifications work against me? I am 35 year old , how does stack against young ACA students? which is the fastest route for me?

cheers

Why are you considering doing the ACA? To be an accountant or just because you think it will get you a job? If the latter then you are wasting your time. With the CFA and a masters in finance under your belt you need to be persistent in your job search. Get detailed feedback as to why you are not getting any job offers. Yes it is tough without any experience but you have to keep trying, if UK is not working then don't limit yourself here, you will have to look in your home country or elsewhere in order to gain experience.
Reply 9
Original post by Tokyoround
Why are you considering doing the ACA? To be an accountant or just because you think it will get you a job? If the latter then you are wasting your time. With the CFA and a masters in finance under your belt you need to be persistent in your job search. Get detailed feedback as to why you are not getting any job offers. Yes it is tough without any experience but you have to keep trying, if UK is not working then don't limit yourself here, you will have to look in your home country or elsewhere in order to gain experience.


He mentions he has "5 years of equity research experience with a US based hedge fund". Can't see the ACA being a great choice for him at this stage.
Original post by ICAEW Advisor Helen
Dear all

Seen one or two posts referring to different routes into the ACA qualification and becoming an ICAEW Chartered Accountant so here's a quick run down of how you could find the perfect route for you:

ICAEW CFAB - this is a standalone qualification of six modules, which you could study through distance learning, a tuition provider and online. No entry qualifications required - it normally takes around a year to complete. It's also the first six modules of the ACA so could give you a headstart with an employer.

AAT-ACA route - this is an apprenticeship route which you could take straight from school at the age of 16, again no entry requirements unless an employer specifies them. It's also a fasttrack route into the ACA qualification and will take in total five or six years in total.

Higher Apprenticeship Audit/Assurance route - you could study straight after your A levels - this route can take you all the way to becoming an ICAEW Chartered Accountant.

A Levels - you can join as a school leaver direct into an ACA training agreement - this route takes you between three to five years.

Graduates - all degree disciplines are welcomed by employers if you want to apply for an ACA training agreement. Generally, employers don't require higher degrees, just great grades at first degree level.

If you have any questions or queries about the ACA and becoming an ICAEW Chartered Accountant, then just drop me a line!

Louise

hello, Helen, im currently an CFAB student, and i have a question, if a student have completed 6 modules, can he enter professional module exams?
Original post by U.Ahmed
Hi Louise,
I am currently a student entering my final year, well on course for a first.
However, my problem is my A-Level grades. I have exceptional grades at GCSE and throughout my degree but my A-Level years were a shambles
I have nowhere near the required amount that most employers state, but I am one hundred percent determined to gain my ACA qualification.
What are the possible routes available to me to get a training contract without going through the process of applying for graduate roles, knowing I will be rejected on the basis of my A-Levels.
Thanks in advance,
U.


Same with me, is it possible to do aca?

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