Questions for Guidance
Hey everyone! This is going to be a lengthy post, so I appreciate your patience as I share my thoughts and ask for advice. 😭
To give some context, I’m an ACCA student from India. I’ve completed 7 papers and am currently awaiting results for PM. The only paper I have left in the skills section is tax, which I plan to take in June. I’m also in my second year of pursuing a BCOM degree, with graduation on the horizon next year.
I’m eager to start my Practical Experience Requirements (PER) and have applied to a few firms, but I’m unsure what to expect and could really use some guidance.
For those who have already begun their PER, here are my questions:
- At what point in your studies did you start working?
- What was your initial salary when you joined your firm?
- Did your firm provide salary increments as you completed your papers?
- Is there a reimbursement for exam fees at your firm?
- Were you granted any study leave before your exams?
- Which department did you join, and what were your work hours like?
- Did you manage to take exams every quarter, or how many papers were you able to attempt in a year after starting?
- Would you recommend starting the PER while studying, or is it better to wait until you become an affiliate?
- How many firms did you interview with before making a decision?
- Did you have any exit options when you joined, and what was the notice period?
I’ll keep updating this post if I think of any more questions. I know it’s quite a list, but I’d really appreciate any insights you can share.
P.S.: If you’re from another country, feel free to share your experiences too! I’m interested in learning how the process works in other places. Thank you!
One response
Hi there! First off, it’s great to see your dedication to both ACCA and your BCOM studies. I understand how overwhelming it can feel when you’re about to start your Professional Experience Requirement (PER). I’ll do my best to answer your questions based on my experiences and insights:
Many students often begin their PER after completing around 6-7 papers. Since you have completed 7 papers, you’re in a good position to start working.
What kind of salary did you get when you joined initially?
Salaries can vary significantly by location, firm size, and market demand. In India, fresh associates might expect a salary range of INR 3 to 6 lakhs per annum, though this can be higher in bigger firms or specific roles.
Did your firm give you any kind of increment as when you finished your papers?
Some firms offer increments or promotions based on the completion of papers. This is usually established upfront during the hiring process. It’s definitely worth discussing during interviews.
Does your firm reimburse your exam fees?
Many firms have policies to reimburse exam fees partially or fully upon passing your papers. Check with the firms you’re applying to for their specific policies.
Did you get any study leave prior to exams?
Most firms provide some form of study leave for employees preparing for ACCA exams. The amount of leave can vary but typically ranges from a few days to a couple of weeks, depending on the firm’s policies.
What department did you join and what did your work hours look like?
Departments vary based on your interests and firm structure. Common entry points include Audit, tax, and advisory. Work hours can be demanding, especially around deadlines, with some firms expecting 40-50 hours a week or more during busy seasons.
Did you give papers every quarter or how many papers were you able to give once a year after joining?
Many students manage to give 2-3 papers a year while working. The pace can depend on your workload and how well you manage your time.
Do you recommend starting PER while studying or wait until you become an affiliate?
Starting your PER while studying can be beneficial. It allows you to apply theoretical knowledge practically, which can enhance your understanding and possibly help you with your exam preparation.
How many places did you interview at before deciding where you should join?
It varies for everyone. Some find a good match after one or two interviews, while others may attend several before deciding. It’s important to find a firm that fits your career goals and values.
Did you have any exit options while joining and what was the notice period?
Feel free to reach out if you have any more questions or need further clarifications on anything. Good luck with your PER journey! You’ve got this! 😊