Sideshow Luiz
Badges: 0
Rep:
?
#1
Report Thread starter 5 years ago
#1
I have just learned that I only managed to obtain a 2:2 degree classification from UCL (BSc Economics).

Right now, my current options are to:
1.) Accept my Master's offer to study Accounting and Finance in Queen Mary (they only need a 2:2).
2.) Accept my offer in Malaysia and work at PwC (Audit).
3.) Study for the ACCA.

I am just wondering whether going to QM to do my Master's and obtaining a distinction will do anything to my CV; while getting a distinction might look good, I wonder if it makes any difference because going to Queen Mary might look like a step down. Some of my friends have said that it will actually make my CV look worse, but all I can see on my CV right now is that glaring 2:2.

I'm also wondering how employers would view a MSc in Accounting and Finance. I think one of the reasons employers are against 2:2 candidates is that they are more likely to fail their professional exams. Will obtaining a distinction in my MSc demonstrate that I can pursue these qualifications successfully? Or should I take a year to do the ACCA? As far as I know, the ACA requires technical work experience so I can't do that without a training contract.


My reservations against opting to start working back home are a mixture of personal reasons and financial ones (the pay is ridiculously low compared to UK salaries in absolute and purchasing power terms). I will also be applying for jobs back in the UK (at the Big 4, Grant Thornton, BDO) but chances of obtaining a job look slim with my 2:2.

Any advice is greatly appreciated. Thanks guys!
0
reply
MATHSPOW!!
Badges: 10
Rep:
?
#2
Report 5 years ago
#2
**** IT JUST GO TO MALAYSIA AND DO SOMETHING CRAZY. If you think you're unlikely to get work with that 2:2 on your cv then this seems like an opportunity you could regret further down the line. Do it !!
0
reply
sunnydespair
Badges: 15
Rep:
?
#3
Report 5 years ago
#3
Hi, will pwc fund a internationally recognised qualification - you can then spend a few years in malaysia then move somewhere else after you obtain it.
0
reply
Pipsico
Badges: 14
Rep:
?
#4
Report 5 years ago
#4
Malaysia is the clear option here.

With a 2.2, sadly you will be filtered out of most of the accounting firm graduate schemes. Even with a masters, you will automatically filtered out as your first degree grade will count the most.

Do not under any circumstance take the masters in accounting and finance... It will be a complete waste of time and money. Accounting and finance masters are superfluous as you will need to study anyway when you're sponsored through ACA/ACCA with a firm.

I would take the job in Malaysia - grit your teeth and bear it. You can then move back to the UK having had the experience. Your degree grade will then not matter at all in the slightest.


Posted from TSR Mobile
0
reply
TheSpecialist
Badges: 0
Rep:
?
#5
Report 5 years ago
#5
(Original post by Pipsico)
Malaysia is the clear option here.

With a 2.2, sadly you will be filtered out of most of the accounting firm graduate schemes. Even with a masters, you will automatically filtered out as your first degree grade will count the most.

Do not under any circumstance take the masters in accounting and finance... It will be a complete waste of time and money. Accounting and finance masters are superfluous as you will need to study anyway when you're sponsored through ACA/ACCA with a firm.

I would take the job in Malaysia - grit your teeth and bear it. You can then move back to the UK having had the experience. Your degree grade will then not matter at all in the slightest.


Posted from TSR Mobile
This mirrors my thoughts and is invaluable advice. You will automatically be filtered out of graduate roles, however once you're in the industry your degree will hold little bearings if you decide to move on in the later future.
0
reply
Sideshow Luiz
Badges: 0
Rep:
?
#6
Report Thread starter 5 years ago
#6
Thanks for the replies guys,

What about studying for the ACCA in London? Do you guys feel that would be a viable option? As I said, I am just really against moving back to Malaysia but will take your advice if you guys feel this strongly about my other options.

Thanks again!
0
reply
novadragon849
Badges: 11
Rep:
?
#7
Report 5 years ago
#7
Definitely a no brainer here!

Take the offer from Malaysia and bang out the ACA with PwC. A big 4 on your CV is quite powerful for future job applications.

With a 2:2 I can almost guarantee that none of the top 20 firms will bat an eyelid at you even with a masters in the UK. You kind of struck gold here with your offer given your credentials (not mocking your 2:2 but you must be aware to some extent of what I am saying).

As someone who did a master in A&F before doing the ACA, I can say it was an utter waste of money and time in terms of getting my foot into the door.

However, the partners and managers have kind of noticed my masters once I have been working for them and have taken an interest. So in one way of another it kind of has worked in my favor in terms of better promotion opportunities over others who don't have a masters. However you still need to be good at your job!
0
reply
Pipsico
Badges: 14
Rep:
?
#8
Report 5 years ago
#8
(Original post by Sideshow Luiz)
Thanks for the replies guys,

What about studying for the ACCA in London? Do you guys feel that would be a viable option? As I said, I am just really against moving back to Malaysia but will take your advice if you guys feel this strongly about my other options.

Thanks again!
I wouldn't advise you to study ACCA by yourself. You will still be in the same situation later - having to find a firm to train you as you will need the 3 years experience.

You however could opt to abandon your plan of big 4 (or any top 20 for that matter) and try and find an accounting firm that will accept your 2.2. Or try your hand in industry. But it would be a much much tougher path to take, with no guarantee of a job.

The fact you have a job offer now is fantastic. You could try it out and if you really hate it in a year or twos time, you would at least have a number of exams under your belt and valuable work experience in big 4. A much better position to enter into industry, or move sideways to train at the UK accounting firms.


Posted from TSR Mobile
0
reply
Tokyoround
Badges: 13
Rep:
?
#9
Report 5 years ago
#9
Malaysia all the way. Great opportunity.
0
reply
NikolaT
Badges: 15
Rep:
?
#10
Report 5 years ago
#10
Many would-be accountants I know would do anything to be in your position! Go to Malaysia and enjoy yourself!
0
reply
AW1983
Badges: 10
Rep:
?
#11
Report 5 years ago
#11
(Original post by Sideshow Luiz)
I have just learned that I only managed to obtain a 2:2 degree classification from UCL (BSc Economics).

Right now, my current options are to:
1.) Accept my Master's offer to study Accounting and Finance in Queen Mary (they only need a 2:2).
2.) Accept my offer in Malaysia and work at PwC (Audit).
3.) Study for the ACCA.

I am just wondering whether going to QM to do my Master's and obtaining a distinction will do anything to my CV; while getting a distinction might look good, I wonder if it makes any difference because going to Queen Mary might look like a step down. Some of my friends have said that it will actually make my CV look worse, but all I can see on my CV right now is that glaring 2:2.

I'm also wondering how employers would view a MSc in Accounting and Finance. I think one of the reasons employers are against 2:2 candidates is that they are more likely to fail their professional exams. Will obtaining a distinction in my MSc demonstrate that I can pursue these qualifications successfully? Or should I take a year to do the ACCA? As far as I know, the ACA requires technical work experience so I can't do that without a training contract.


My reservations against opting to start working back home are a mixture of personal reasons and financial ones (the pay is ridiculously low compared to UK salaries in absolute and purchasing power terms). I will also be applying for jobs back in the UK (at the Big 4, Grant Thornton, BDO) but chances of obtaining a job look slim with my 2:2.

Any advice is greatly appreciated. Thanks guys!
This one is a no brainer. Go to Malaysia and work for PwC. Reasons are as follows:

1) In many parts of the world (less so in the UK), accounting job adverts will say something like 'big 4 experience preferred.'

2) Almost all jobs for experienced hires also say 'must be CFAB qualified.' I've never seen one that says must have a masters degree. Just to clarify, they often now say 'or CIMA' as CIMA is no longer a member of CFAB, of its own volition.

3) Masters degrees are meant to be qualifications in a field your so passionate about that you will dedicate your life's work to it. Nowadays, students with the funding or deep enough pockets go and get vague ones that you don't need any work experience to get on to in order to enhance their job prospects. The general consensus in most fields are that it won't, not least because the recruitment website's auto filters will still pick up your first degree and A-Levels.

4) There is no point studying ACCA on your own. The exams are worthless without the work experience.

If you go to PwC and get your accounting qualification, barring doing anything illegal, you will be set for life. I can't say the same thing about either of the alternatives.
0
reply
sonic_dream
Badges: 0
Rep:
?
#12
Report 5 years ago
#12
Out of interest, how or why did PwC Malaysia not filter out the OP's 2:2, whereas he/she won't even go through the first phase over here?
0
reply
Hedgeman49
Badges: 14
Rep:
?
#13
Report 5 years ago
#13
(Original post by sonic_dream)
Out of interest, how or why did PwC Malaysia not filter out the OP's 2:2, whereas he/she won't even go through the first phase over here?
Big 4 firms aren't one entity, each country / region has its own member firm and will operate alone in hiring so can set whatever hiring policy they want within reason.
0
reply
I love shopping
Badges: 13
Rep:
?
#14
Report 5 years ago
#14
Take the PwC job in Malaysia! Like others have said, doing a masters won't stop employers in the UK from filtering you out based on your 2.2. A masters would be a huge waste of time and money, not to mention you'll be letting go of an amazing opportunity to work at the big 4. At this stage in your life, you shouldn't worry so much about the pay - once you're qualified, you would not only get paid a lot more but you would be in a better position to get a good job in the UK.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top

What's your favourite genre?

Rock (183)
23.83%
Pop (187)
24.35%
Jazz (30)
3.91%
Classical (46)
5.99%
Hip-Hop (145)
18.88%
Electronic (50)
6.51%
Indie (127)
16.54%

Watched Threads

View All