Deciding whether to pursue CIMA (Chartered Institute of Management Accountants) or ACCA (Association of Chartered Certified Accountants) exams before joining EY FS Audit is an important decision that depends on your career goals and current circumstances. Here are some factors to consider:
Professional Growth: Both CIMA and ACCA are globally recognized qualifications that can significantly enhance your professional profile. If you have the time and motivation, starting these qualifications at your current job can provide a competitive edge when joining a firm like EY.
Alignment with Career Goals: Determine which qualification aligns better with your long-term aspirations. ACCA is often favored for its comprehensive coverage of financial and management Accounting which is well-suited for roles within Audit, whereas CIMA is more focused on the management Accounting and business strategy aspects, which might be useful if you are leaning more towards consultancy roles within the financial services sector.
Current Job Support: Assess whether your current employer offers support such as study leave or financial assistance for exam fees. If so, taking advantage of these benefits could make pursuing a qualification more feasible.
Workload and Time Management: Consider your workload and personal commitments. Studying for these qualifications is demanding, often requiring substantial evening and weekend time commitments. If your current job is demanding, you may struggle to balance work and study effectively.
EY FS Audit Requirements: Research if EY requires or encourages employees to hold specific qualifications. Some audit firms prefer their staff to have certain certifications and may even offer their own support for these exams once you join.
Networking Opportunities: Engaging with professional Accounting bodies can also offer networking opportunities that could benefit your future role at EY.
Ultimately, pursuing CIMA or ACCA at your current job can be advantageous, but ensure it aligns with your career goals, you’re able to manage the workload, and that it complements your future plans with EY.
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