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What degree should I do to become a chartered accountant?

I was planning on doing PPE (philosophy, politics and economics) to then do accountancy but now I’m not so sure how PPE and Accountancy would link together. HELP PLS

Reply 1

Original post by BennyBun
I was planning on doing PPE (philosophy, politics and economics) to then do accountancy but now I’m not so sure how PPE and Accountancy would link together. HELP PLS

Don't worry about it.

Currently on a grad scheme myself and most people here aren't from an accounting/finance background.

Big 4 and most other top 10 Accounting firms don't really require a specific degree. I studied accounting and finance and as a result I'm just better prepared for the professional qualification exams to become chartered. You could pick a degree which gives exemptions, meaning you would effectively have less exams to do to become qualified but taking the exemptions is at the discretion of your employer. The big firms essentially want an individual who fits their values/culture and is able to learn and handle pressure, obtaining a 2:1 or above and meeting their other requirements is also important.

My advice, go for PPE if that's what you enjoy. Review the entry requirements for the firms that you would want to join (Big4, mid-market or any other). Then make your decision.

If you are still in between picking courses however, I personally believe a STEM major would be the most beneficial as you would be able to apply for much more different grad schemes/entry level roles in tech or corporate finance etc.

Reply 2

Don't worry about it.
Currently on a grad scheme myself and most people here aren't from an accounting/finance background.
Big 4 and most other top 10 Accounting firms don't really require a specific degree. I studied accounting and finance and as a result I'm just better prepared for the professional qualification exams to become chartered. You could pick a degree which gives exemptions, meaning you would effectively have less exams to do to become qualified but taking the exemptions is at the discretion of your employer. The big firms essentially want an individual who fits their values/culture and is able to learn and handle pressure, obtaining a 2:1 or above and meeting their other requirements is also important.
My advice, go for PPE if that's what you enjoy. Review the entry requirements for the firms that you would want to join (Big4, mid-market or any other). Then make your decision.
If you are still in between picking courses however, I personally believe a STEM major would be the most beneficial as you would be able to apply for much more different grad schemes/entry level roles in tech or corporate finance etc.
Thank you so much! About the STEM subjects I honestly don’t know which one I would do; specially since I specifically want to work as a chartered accountant. Also, should I apply for the accountancy firms after my degree, then after the 3 years apply for ACA?

Reply 3

Original post by BennyBun
Thank you so much! About the STEM subjects I honestly don’t know which one I would do; specially since I specifically want to work as a chartered accountant. Also, should I apply for the accountancy firms after my degree, then after the 3 years apply for ACA?

Well firstly, grad schemes at the top accountancy firms will train you up and have you sit the exams to become qualified in the first 3 years anyway. My grad scheme has me on the ACA, and expecting me to complete in 3 years since starting. The typical route for a grad scheme at Big4 and middle-market firms (RSM, BDO, GT etc) is Associate for the first 3 years (complete the ACA in this period), then upon qualifying move to Assistant Manager (typically with a pay bump to around 45k-55k). After that it likely takes 2-3 years (very dependent on your competency and relations with the more senior managers) to become a Manager and then a similar time span and requirements to make Senior Manager (hopping across firms can speed this process).

As far as your subjects go, pick PPE if your interested in it and would find it fun. A friend of mine who I met after joining came from a Music degree. Doing an Accounting related course can grant exemptions from certain ACA exams (my firm allows me to take exemptions and since I did an Accounting course, I don't have to sit around 6 of the ACA exams). If you are wanting to become an Accountant and to maximise your exemptions, check the ICAEW CPL site and search the course + uni to see what exemptions it can give you (and if there is a certain pass mark to achieve the exemption): https://apps.icaew.com/cpldirectory?pk_vid=221c3da65a36f30f17178716467a95ff

Taking the typical approach of studying Accounting (or Accounting and Finance like I did) *can* help with getting in if you mention it in interviews but the course you study isn't what they specifically look for. For graduate schemes, they hire based on your individual characteristics and quality: If you are teachable and willing to learn, motivated, align with their values, have reasons why you want to join them and the department etc. Only reason I mentioned STEM subjects was so that you may apply for grad schemes outside the scope of accounting (I've come across some non-accounting graduate schemes that want STEM degrees).

Going for PPE is perfectly acceptable to see yourself as a Chartered Accountant within 3 years post-graduating. If you want my opinion on a couple STEM alternatives, Mathematics for one and Economics for another. Both are respectable especially when studied at a Russell Group University. If I could do it all again, I would pick PPE at Uni of Oxford, due to how hard it apparently is and I would've enjoyed the Politics/Philosophy.
(edited 10 months ago)

Reply 4

Well firstly, grad schemes at the top accountancy firms will train you up and have you sit the exams to become qualified in the first 3 years anyway. My grad scheme has me on the ACA, and expecting me to complete in 3 years since starting. The typical route for a grad scheme at Big4 and middle-market firms (RSM, BDO, GT etc) is Associate for the first 3 years (complete the ACA in this period), then upon qualifying move to Assistant Manager (typically with a pay bump to around 45k-55k). After that it likely takes 2-3 years (very dependent on your competency and relations with the more senior managers) to become a Manager and then a similar time span and requirements to make Senior Manager (hopping across firms can speed this process).
As far as your subjects go, pick PPE if your interested in it and would find it fun. A friend of mine who I met after joining came from a Music degree. Doing an Accounting related course can grant exemptions from certain ACA exams (my firm allows me to take exemptions and since I did an Accounting course, I don't have to sit around 6 of the ACA exams). If you are wanting to become an Accountant and to maximise your exemptions, check the ICAEW CPL site and search the course + uni to see what exemptions it can give you (and if there is a certain pass mark to achieve the exemption): https://apps.icaew.com/cpldirectory?pk_vid=221c3da65a36f30f17178716467a95ff
Taking the typical approach of studying Accounting (or Accounting and Finance like I did) *can* help with getting in if you mention it in interviews but the course you study isn't what they specifically look for. For graduate schemes, they hire based on your individual characteristics and quality: If you are teachable and willing to learn, motivated, align with their values, have reasons why you want to join them and the department etc. Only reason I mentioned STEM subjects was so that you may apply for grad schemes outside the scope of accounting (I've come across some non-accounting graduate schemes that want STEM degrees).
Going for PPE is perfectly acceptable to see yourself as a Chartered Accountant within 3 years post-graduating. If you want my opinion on a couple STEM alternatives, Mathematics for one and Economics for another. Both are respectable especially when studied at a Russell Group University. If I could do it all again, I would pick PPE at Uni of Oxford, due to how hard it apparently is and I would've enjoyed the Politics/Philosophy.


Okay, thank you so much for your answer!

Reply 5

you don't need any degree to become a chartered accountant - could i ask if you've considered an accounting school leaver scheme or apprenticeship? especially if you've decided your end goal is to be an accountant it doesnt really make much sense to put yourself £36k in debt and missing out on 3 potential years of work experience to do a qualification that you don't actually need for your chosen career?

Reply 6

Original post by Pedr0
you don't need any degree to become a chartered accountant - could i ask if you've considered an accounting school leaver scheme or apprenticeship? especially if you've decided your end goal is to be an accountant it doesnt really make much sense to put yourself £36k in debt and missing out on 3 potential years of work experience to do a qualification that you don't actually need for your chosen career?


Hi, I know but I genuinely want to go to university; besides if I ever end up changing my mind I can still get another job with my degree

Reply 7

Original post by BennyBun
Hi, I know but I genuinely want to go to university; besides if I ever end up changing my mind I can still get another job with my degree


just to clarify as I wasn't quite sure about this reading the original post - are u considering doing PPE purely as a means to get yourself into accounting, or do u think a policy/govt/analyst type role could be a good alternative if you change your mind? If not that, then what is your 'second choice' career?

Reply 8

Original post by Pedr0
just to clarify as I wasn't quite sure about this reading the original post - are u considering doing PPE purely as a means to get yourself into accounting, or do u think a policy/govt/analyst type role could be a good alternative if you change your mind? If not that, then what is your 'second choice' career?


At the moment I don’t have a second career, but yes, it would probably still have something to do with PPE maybe a banker or so

Reply 9

Original post by BennyBun
At the moment I don’t have a second career, but yes, it would probably still have something to do with PPE maybe a banker or so


thats fair PPE is prob a good choice for you then

just throwing this out there as a potential alternative but doing a BSc in mathematics can get you into pretty lucrative careers eg quantitative analyst, actuary, and can also allow you to get onto a variety of stem grad schemes (data analysis, engineering, software) if thats a door u might like to leave open

(that said, the econ part of PPE will probably be fine for a decent amount of stem jobs - have a look on Gradcracker or Bright Network for ideas of grad roles u would be eligible to apply for)

Reply 10

Original post by Pedr0
thats fair PPE is prob a good choice for you then
just throwing this out there as a potential alternative but doing a BSc in mathematics can get you into pretty lucrative careers eg quantitative analyst, actuary, and can also allow you to get onto a variety of stem grad schemes (data analysis, engineering, software) if thats a door u might like to leave open
(that said, the econ part of PPE will probably be fine for a decent amount of stem jobs - have a look on Gradcracker or Bright Network for ideas of grad roles u would be eligible to apply for)


Okay thank you so much ! I can’t do a Bsc in mathematics as the unis I want to go to require further maths which I don’t do (in any way I’m not really planning on continuing with maths after college)

Reply 11

Don't worry about it.
Currently on a grad scheme myself and most people here aren't from an accounting/finance background.
Big 4 and most other top 10 Accounting firms don't really require a specific degree. I studied accounting and finance and as a result I'm just better prepared for the professional qualification exams to become chartered. You could pick a degree which gives exemptions, meaning you would effectively have less exams to do to become qualified but taking the exemptions is at the discretion of your employer. The big firms essentially want an individual who fits their values/culture and is able to learn and handle pressure, obtaining a 2:1 or above and meeting their other requirements is also important.
My advice, go for PPE if that's what you enjoy. Review the entry requirements for the firms that you would want to join (Big4, mid-market or any other). Then make your decision.
If you are still in between picking courses however, I personally believe a STEM major would be the most beneficial as you would be able to apply for much more different grad schemes/entry level roles in tech or corporate finance etc.

Hi, I'm about to start accounting and finance. How do you then become a chartered accountant? I've read everywhere that you have to do training for 3 years and pass a lot of exams but it seems to be so vague as to how you actually do the training. How do you apply for it and what is it like?

Reply 12

Original post by r-reputation
Hi, I'm about to start accounting and finance. How do you then become a chartered accountant? I've read everywhere that you have to do training for 3 years and pass a lot of exams but it seems to be so vague as to how you actually do the training. How do you apply for it and what is it like?

Accounting finance degree first

After that find a job that offers a study package of ACA or any other qualification you want (e.g. CIMA, CTA). Apply, and hopefully get it. They will fund the entire package with training. This would involve daily job activities as well as going to college and sitting your exams. Beware this is VERY competitive. Ideally you want to be at the big 4 or the top 10 accounting firms like RSM or something. Worst case you can apply to smaller firms but they will likely require an accounting degree.

Job role would be stuff like "Graduate audit assistant, graduate corporate tax assistant, finance graduate" or stuff like that

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