Doing accounting job now. ACCA or CIMA if I want to move into 'investment' later? Watch

j_charles
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Hello
I started as an accountant in september but my firm doesn't offer ACA. instead they offer ACCA or CIMA.

i don't particularly want to stay in accounting and want to move into investment/asset management or something like that (less back office, essentially).

what would the better qualification be for this decision?

thanks
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natninja
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(Original post by j_charles)
Hello
I started as an accountant in september but my firm doesn't offer ACA. instead they offer ACCA or CIMA.

i don't particularly want to stay in accounting and want to move into investment/asset management or something like that (less back office, essentially).

what would the better qualification be for this decision?

thanks
Depends more on the work you do - I'd guess that the CIMA option offers more management accounting work which you could leverage into corporate strategy and try to move into a management role as part of an in-house management team for a PE firm's investments. If you want to try to move into more of an investment analyst role then ACCA is probably better as it would be easier to move into equity research if you are a top performer which you could then leverage into a buy-side role. Having said that, if the firm doesn't offer ACA I'm guessing it's a smaller firm so moving to ER could be very difficult so start networking early if you want to do this! If your firm has an investments advisory or corporate finance team try to get an internal transfer as soon as it is appropriate (probably after you've qualified) if you don't get any offers - but again, you'd have to be one of the top performers in your team to make it and there could be resistance from within your group if you try to transfer out internally and they want to keep you.
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j_charles
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thanks for reply. it's actually very big multinational bank i work for. they just don't offer ACA. they offer AAT (don't want to do this), ACCA or CIMA.

they do have an investment advisory side here i think. i'll have to check

how hard is it to move from ACCA into investment analysis role? is this common? why is ACCA better than CIMA for this?

i appreciate your help
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