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Postgraduate courses help

Hi all,

I want to make a career change to an accountant, from my current position as a junior economist in the civil service. I'm pretty confident about this transition and its future prospects. I am also strongly considering a postgraduate degree in MSc Accounting & Finance, which seems to make the most sense for me at the moment, where previously I hold a BSc Economics from a non-RG uni.

I've applied for Queen's University (Belfast) and Cardiff, but I've just been rejected from the former on the grounds of academic requirements. Will continue to apply for other unis.

Does anyone have any advice they can give me? I guess firstly how does one get into accounting with little experience, and if a master's degree helps, which one is the best? Despite achieving a First for my BSc, I'm worried that it still may not be enough to meet their criteria as I don't come from an accounting background.
Original post by Telifa
Hi all,
I want to make a career change to an accountant, from my current position as a junior economist in the civil service. I'm pretty confident about this transition and its future prospects. I am also strongly considering a postgraduate degree in MSc Accounting & Finance, which seems to make the most sense for me at the moment, where previously I hold a BSc Economics from a non-RG uni.
I've applied for Queen's University (Belfast) and Cardiff, but I've just been rejected from the former on the grounds of academic requirements. Will continue to apply for other unis.
Does anyone have any advice they can give me? I guess firstly how does one get into accounting with little experience, and if a master's degree helps, which one is the best? Despite achieving a First for my BSc, I'm worried that it still may not be enough to meet their criteria as I don't come from an accounting background.

If you have done any research into the role, you would quickly find out that you won't need a degree to go into accounting in industry (for academia, the degree is required). If anything, it would be a lot slower and more expensive to do things through a degree. Most graduate employers would be fine with you just having your degree, so long you jump through their other hoops.

I've applied for Queen's University (Belfast) and Cardiff, but I've just been rejected from the former on the grounds of academic requirements.
Most standard MScs in accounting generally won't have any requirements for any specific subject and you should be more than fine if you have at least a 2:1. Queen's and Cardiff are particular MScs where they require you to have prior degrees in accounting/finance (or sufficient coverage of either subjects); these degrees would typically help you to progress onto accounting research and aren't what you would be looking for.

I guess firstly how does one get into accounting with little experience, and if a master's degree helps, which one is the best?
Apply for an entry level role, be it as a graduate or as a junior accountant.
A master's degree won't give you any advantage over anyone with a degree in any other subject or who have just left school, if it's to work in industry. The key thing is that you have high A Level grades, since passing A Level is the main requirement of all professional accounting qualifications e.g. ACCA, ACA, ICAS, CAI, AIA, CIMA, CIPFA. Entry requirements for accounting roles in other countries (other than the US and Canada) tend to be similar.

Despite achieving a First for my BSc, I'm worried that it still may not be enough to meet their criteria as I don't come from an accounting background.
If you look at the profiles of accountants from any accounting firm or accounting role, you would quickly find out that you won't need a degree in accounting. In fact, it doesn't really matter. You have people who have no degrees, have done degrees in wide ranging subjects such as philosophy, medicine, French, history, etc., or people with poor grades but worked their way up through professional qualifications such as AAT.

Does anyone have any advice they can give me?
Decide which area of accounting you wish to go into. I primarily class them as:

•

Economist accountants - nothing to do with mainstream accounting and more to do with economics

•

Financial accountants - people who work in accounting practices

•

Management accountants - people who work in the accounting department of a large company

•

Public finance - people who work as an accountant in the public sector i.e. it's not about profit maximisation

There are further sub-specialisms, but it might be too early to look into them if you don't know what you specifically want to do. These can include: corporate finance, financial analyst, tax, consulting, audit.

Once you have found out which area of accounting that you want to work in, speak to accountants who work in the specific area that you want to work in and see if it's actually something you want to do. For most parts, you would quickly realise it's more about accurate reporting, and doing a lot of data entry quickly as opposed to using any maths.

If you are sure about the above, then I would recommend applying for an internship to see if it's actually something you want to do. I would recommend getting through the internship in one piece though.
Reply 2
Original post by MindMax2000
If you have done any research into the role, you would quickly find out that you won't need a degree to go into accounting in industry (for academia, the degree is required). If anything, it would be a lot slower and more expensive to do things through a degree. Most graduate employers would be fine with you just having your degree, so long you jump through their other hoops.
I've applied for Queen's University (Belfast) and Cardiff, but I've just been rejected from the former on the grounds of academic requirements.
Most standard MScs in accounting generally won't have any requirements for any specific subject and you should be more than fine if you have at least a 2:1. Queen's and Cardiff are particular MScs where they require you to have prior degrees in accounting/finance (or sufficient coverage of either subjects); these degrees would typically help you to progress onto accounting research and aren't what you would be looking for.
I guess firstly how does one get into accounting with little experience, and if a master's degree helps, which one is the best?
Apply for an entry level role, be it as a graduate or as a junior accountant.
A master's degree won't give you any advantage over anyone with a degree in any other subject or who have just left school, if it's to work in industry. The key thing is that you have high A Level grades, since passing A Level is the main requirement of all professional accounting qualifications e.g. ACCA, ACA, ICAS, CAI, AIA, CIMA, CIPFA. Entry requirements for accounting roles in other countries (other than the US and Canada) tend to be similar.
Despite achieving a First for my BSc, I'm worried that it still may not be enough to meet their criteria as I don't come from an accounting background.
If you look at the profiles of accountants from any accounting firm or accounting role, you would quickly find out that you won't need a degree in accounting. In fact, it doesn't really matter. You have people who have no degrees, have done degrees in wide ranging subjects such as philosophy, medicine, French, history, etc., or people with poor grades but worked their way up through professional qualifications such as AAT.
Does anyone have any advice they can give me?
Decide which area of accounting you wish to go into. I primarily class them as:

•

Economist accountants - nothing to do with mainstream accounting and more to do with economics

•

Financial accountants - people who work in accounting practices

•

Management accountants - people who work in the accounting department of a large company

•

Public finance - people who work as an accountant in the public sector i.e. it's not about profit maximisation

There are further sub-specialisms, but it might be too early to look into them if you don't know what you specifically want to do. These can include: corporate finance, financial analyst, tax, consulting, audit.
Once you have found out which area of accounting that you want to work in, speak to accountants who work in the specific area that you want to work in and see if it's actually something you want to do. For most parts, you would quickly realise it's more about accurate reporting, and doing a lot of data entry quickly as opposed to using any maths.
If you are sure about the above, then I would recommend applying for an internship to see if it's actually something you want to do. I would recommend getting through the internship in one piece though.

Thanks, really comprehensive answer. My only thing with A-levels is that my A-levels are not high, although I have extenuating circumstances at the time (though up to the employer to decide if it's acceptable). I would hope that the GCSEs and BSc results make up for it, but if not would apprenticeships be the answer or would that overqualify me, and go the graduate route instead?

I've applied for PwC again, I did get to the interview stage a few years ago as they're lax with the A-level requirements. I think the other Big 4 firms have taken recent measures to do so too, however part of me thinks I won't have as much luck. Will probably give it a crack anyway.
Original post by Telifa
Thanks, really comprehensive answer. My only thing with A-levels is that my A-levels are not high, although I have extenuating circumstances at the time (though up to the employer to decide if it's acceptable). I would hope that the GCSEs and BSc results make up for it, but if not would apprenticeships be the answer or would that overqualify me, and go the graduate route instead?
I've applied for PwC again, I did get to the interview stage a few years ago as they're lax with the A-level requirements. I think the other Big 4 firms have taken recent measures to do so too, however part of me thinks I won't have as much luck. Will probably give it a crack anyway.

My only thing with A-levels is that my A-levels are not high
They would still generally judge you by your A Level grades since the sort of study and exam strategies you require to use emulate more like A Levels than uni studies. Professional accounting qualifications are not like degrees in the least.
Having said that, the accounting firms would care more about whether you would be able to pass your exams the first time round more than anything regarding your grades.

I would hope that the GCSEs and BSc results make up for it
I suppose they do to an extent. I mean your BSc results are impressive enough for most employers.

would apprenticeships be the answer or would that overqualify me
There's no rule to say graduates can't apply for apprenticeships. Yes, you can come across as a bit overqualified since the qualifications are on different levels, but you are still working on the same basis as anyone aiming to become an accountant.
Whether you come across as overqualified or not would depend more on the employer. Yes, you can probably do a lot of the work with your eyes closed (please don't do this in accounting), but at the same time you know nothing about accounting i.e. you're not any different than any other applicant. What I wouldn't try to do is to upstage your line manager, which then can possibly land you in hot water (even if it's no fault of your own).

go the graduate route instead?
I'd go through the graduate route where possible.

Will probably give it a crack anyway.
Good luck

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