How to Land Your First Accounting Job in the UK without Prior Experience or an Accounting Degree
Table of Contents
- Introduction
- The Relevance of a University Degree in Accounting
- The Importance of Professional Qualifications
- Necessary Skills for an Accountant
- Job Application Strategy
- Considerations for Accounting Practice Jobs
- Considerations for Industry Jobs
- Tips for Successful Job Applications
- FAQ
Introduction
Throughout my career as a senior management accountant in London, I have had the opportunity to help individuals land their first accounting jobs, even without prior experience or an accounting degree. In this blog, I want to share the advice I gave to someone in this exact situation, as well as the importance of seeking advice when starting out in the accounting field.
Before we dive into the content, let me provide some context about my qualifications and experience. I am a qualified accountant with five years of experience working in both industry and accounting practice. I have worked with individuals from diverse educational backgrounds, including successful accountants who did not have a university degree or studied a completely different field.
In this blog, I will discuss the alternative paths to getting an accounting job in the UK, outside of a university degree. I will explain the significance of professional qualifications, such as the Association of Accounting Technicians (AAT), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), and the Institute of Chartered Accountants in England and Wales. These qualifications carry more weight in the accounting industry than a university degree.
I will also address the challenge of starting these qualifications with no accounting background and the importance of completing all the exams to build a solid foundation of accounting knowledge. Additionally, I will outline the essential skills for accountants, including numeracy, analytical skills, and proficiency in Excel.
The blog will then delve into strategies for finding accounting jobs without prior experience or an accounting-related degree. I will discuss the two main sectors to consider: accounting practice and industry. While both sectors offer opportunities, accounting practice firms tend to be more willing to provide training contracts to individuals without a background in accounting. I will explain the benefits of a training contract and the potential limitations, such as lower starting salaries and contractual obligations.
I hope this blog serves as valuable advice for those looking to break into the accounting field without the traditional qualifications. Let’s explore the various paths to landing your first accounting job in the UK!
The Relevance of a University Degree in Accounting
As a senior management accountant with experience working in both industry and accounting practice, I have had the opportunity to work with individuals from diverse educational backgrounds. I have seen successful accountants who did not have a university degree or studied a completely different field. This highlights the fact that in the UK, a university degree is less relevant than other qualifications when it comes to getting an accounting job.
Professional qualifications, such as the Association of Accounting Technicians (AAT), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), and the Institute of Chartered Accountants in England and Wales, carry more weight in the accounting industry than a university degree. These qualifications demonstrate commitment and show that you are serious about a career in accounting.
For individuals without prior accounting experience or an accounting-related degree, pursuing one of these professional qualifications is key. Starting the qualification before applying for jobs can enhance your chances of success. Employers are more likely to consider candidates who have already started their qualification, as it shows dedication and a genuine interest in the field.
It is important to note that starting these qualifications with no accounting background means completing all the exams. While having an accounting or business degree may grant exemptions from a few exams, starting from the basics can provide a solid foundation of accounting knowledge. Employers value a comprehensive understanding of accounting principles, so taking all the exams is often seen as an advantage.
In addition to qualifications, highlighting your skills during the job search is crucial. Numeracy skills are essential for accountants, as working with numbers is a fundamental aspect of the role. Emphasizing your analytical skills can also set you apart, especially if you are pursuing a career as a management accountant, where the ability to analyze and interpret financial data is crucial.
Lastly, proficiency in Excel is a necessary skill for accountants, as most companies utilize spreadsheets for financial analysis and reporting. Familiarize yourself with basic functions and formulas, such as SUM, COUNT, VLOOKUP, and pivot tables. Including intermediate Excel skills on your resume can significantly increase your chances of attracting the attention of hiring managers.
Exploring Job Opportunities
If you have no prior work experience in accounting and no accounting-related degree, there are two main sectors to consider when applying for accounting jobs: accounting practice and industry.
Accounting practice firms, such as the “Big Four” (KPMG, EY, Deloitte, and PwC), specialize in providing accounting and financial services to clients. These firms often offer training contracts to individuals without an accounting background. Training contracts include financial sponsorship for your qualification, such as covering course and exam fees, and may provide time off for study purposes.
While starting salaries in accounting practice firms may be lower, the training and support provided can lead to long-term career growth. However, it is important to carefully review the terms of a training contract, as some contracts may require you to work for the company for a certain number of years during or after completing your qualification.
In contrast, the industry sector encompasses non-accounting practice organizations, such as large corporations (e.g., Toyota, Unilever, Amazon) and financial institutions (e.g., HSBC). While opportunities in industry are available, accounting practice firms tend to be more open to hiring individuals without accounting backgrounds due to their focus on specialized accounting services.
When searching for accounting jobs, consider the benefits of both sectors and choose the path that aligns with your career goals and circumstances. Remember that starting your professional qualification before applying for jobs can greatly enhance your chances of success.
Breaking into the accounting field without a traditional accounting degree is possible. By gaining professional qualifications, emphasizing relevant skills, and exploring job opportunities in accounting practice and industry, you can pave the way for a successful career in accounting.
The Importance of Professional Qualifications
When pursuing a career in accounting without prior experience or an accounting degree, obtaining professional qualifications is crucial. Here are some reasons why:
Pick a Professional Qualification
Choose one of the professional qualifications available, such as the Association of Accounting Technicians (AAT), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), or the Institute of Chartered Accountants in England and Wales. These qualifications hold more weight in the industry than a university degree.
Start Studying Before Applying for Jobs
Begin studying for the chosen qualification before applying for accounting jobs. Employers are more likely to consider candidates who have already started their qualification, as it demonstrates dedication and a genuine interest in the field.
Show Commitment Through Starting a Qualification
Starting a professional qualification shows commitment to a career in accounting. It proves to potential employers that you are serious about pursuing a role in the field, especially if your previous education is unrelated to accounting. Highlighting this commitment can give you an edge in the job search process.
Lack of Exam Exemptions for Non-Accounting Background
If you do not have a background in accounting, be prepared to complete all the exams for your chosen qualification. While an accounting or business degree may grant exemptions from some exams, starting from the basics can provide a solid foundation of accounting knowledge. Employers value a comprehensive understanding of accounting principles, so taking all the exams is often seen as an advantage.
Necessary Skills for an Accountant
When pursuing a career in accounting, several necessary skills can help you succeed in the field:
Highlighting the Importance of Transferable Skills
While a university degree is not necessarily a requirement for getting an accounting job in the UK, it is important to highlight your transferable skills. These skills can include strong communication, problem-solving, and organizational abilities. Employers value candidates who can adapt their skills to the accounting field, even if their prior experience is in a different industry.
Emphasis on Numeracy Skills and Their Relevance in Accounting
As an accountant, working with numbers is a fundamental aspect of the role. Therefore, having strong numeracy skills is essential. During your job search, make sure to highlight your ability to work with numbers and perform calculations accurately. This can set you apart from other candidates and demonstrate your suitability for the role.
Discussion on the Requirement for Analytical Skills
In addition to numeracy skills, accountants also need strong analytical abilities. This involves the ability to analyze and interpret financial data, identify trends, and make informed decisions based on the information at hand. During interviews or on your resume, emphasize your analytical skills to showcase your ability to provide valuable insights and contribute to the financial health of an organization.
In-depth Explanation of the Essential Skill of Excel Spreadsheet
Proficiency in Excel is a necessary skill for accountants. Most companies utilize spreadsheets for financial analysis and reporting. Familiarize yourself with basic functions and formulas, such as SUM, COUNT, VLOOKUP, and pivot tables. Including intermediate Excel skills on your resume can significantly increase your chances of attracting the attention of hiring managers. Demonstrating your ability to use Excel effectively can show that you are ready to handle the technical aspects of the job.
Job Application Strategy
When applying for accounting jobs without prior experience or an accounting-related degree, it is important to consider the two main sectors: accounting practice and industry.
Accounting practice firms specialize in providing accounting and financial services to clients. These firms are often more willing to provide training contracts to individuals without a background in accounting. Training contracts typically include financial sponsorship for your qualification, such as covering course and exam fees, and may provide time off for study purposes. Starting your career in an accounting practice firm can lead to long-term career growth, although starting salaries may be lower and there may be contractual obligations to consider.
The industry sector encompasses non-accounting practice organizations, such as large corporations and financial institutions. While opportunities in industry are available, accounting practice firms tend to be more open to hiring individuals without accounting backgrounds due to their specialization in accounting services.
When searching for accounting jobs, carefully consider the benefits of both sectors and choose the path that aligns with your career goals and circumstances. It is important to note that starting your professional qualification before applying for jobs can greatly enhance your chances of success, as it demonstrates dedication and a genuine interest in the field.
Accounting practice firms offer a unique opportunity for individuals without prior experience or an accounting-related degree to enter the field. By considering the benefits of a training contract and weighing the potential limitations, you can make an informed decision about your career path in accounting.
Breaking into the accounting field without a traditional accounting degree is possible. By gaining professional qualifications, emphasizing relevant skills, and exploring job opportunities in accounting practice and industry, you can pave the way for a successful career in accounting.
Considerations for Accounting Practice Jobs
When pursuing a career in accounting, one of the main sectors to consider for job opportunities is accounting practice. However, there are several considerations to keep in mind when exploring accounting practice jobs:
Financial Support for Qualifications
One of the benefits of working in an accounting practice firm is the financial support provided for professional qualifications. Many firms, including the well-known “Big Four” firms, offer training contracts that include sponsorship for your qualification. This sponsorship typically covers course and exam fees, and some firms may even provide time off for study purposes. It’s important to carefully review the terms of the training contract to understand the level of financial support provided.
Lower Starting Salary
While accounting practice firms may provide financial support for qualifications, it’s important to note that starting salaries in these firms may be lower compared to other sectors. This is due to the investment the firm is making in your training and development. It’s important to consider your financial situation and weigh the potential long-term career growth against the lower starting salary.
Work Requirement
Another important consideration is the potential requirement to work for a certain number of years during or after completing your qualification. Some training contracts may include contractual obligations that require you to work for the firm for a specific period. It’s crucial to carefully read and understand the terms and conditions of the training contract before committing.
Understanding Training Contract Terms
When considering a training contract, it’s essential to fully understand the terms and conditions. Take the time to carefully review the contract and seek clarification on any clauses or requirements that you may be unsure about. Make sure that the terms align with your career goals and that you are comfortable with the commitments and obligations outlined in the contract.
By considering these factors, you can make an informed decision about pursuing an accounting practice job. While the financial support for qualifications and potential long-term career growth can be enticing, it’s important to weigh these benefits against the lower starting salary and potential work requirements. Understanding the terms and conditions of a training contract is crucial for setting realistic expectations and ensuring a positive career experience.
Considerations for Industry Jobs
When exploring job opportunities in the accounting field, it’s important to consider the different sectors available. One sector to consider is industry, which includes non-accounting practice organizations such as large corporations and financial institutions. Here are some considerations to keep in mind when pursuing industry jobs:
Explanation of Industry Companies and their Accounting Departments
Industry companies have their accounting departments that handle the financial aspects of the organization. These departments are responsible for tasks such as financial reporting, budgeting, and analysis. It’s important to understand the role of the accounting department within the company and how it contributes to the overall financial health of the organization.
Comparison of Opportunities in Industry versus Accounting Practices
While both industry and accounting practice offer opportunities for accounting professionals, it’s important to understand the differences between the two sectors. Accounting practice firms, such as the “Big Four,” specialize in providing accounting and financial services to clients. These firms often offer training contracts to individuals without an accounting background. On the other hand, industry companies may have a wider range of job roles available within their accounting departments, allowing for more diverse career paths.
Discussion on the Need for Networking and Showcasing Skills in Industry Applications
When applying for industry jobs, networking and showcasing your skills are crucial. Building a professional network can help you connect with potential employers and learn about job opportunities. Additionally, highlighting your skills and relevant experience on your resume and in interviews is important. Employers in the industry sector are looking for candidates who can contribute to the financial success of the organization, so showcasing your skills and accomplishments is essential.
Importance of Considering Long-Term Career Progression in Industry
When pursuing a career in the industry sector, it’s important to consider long-term career progression. Industry companies often have structured career paths and opportunities for advancement. It’s important to evaluate the potential for growth and development within the company and consider how this aligns with your career goals. Additionally, industry experience can provide valuable skills and knowledge that can be transferred to other sectors in the future.
Overall, considering industry jobs can offer a unique and diverse range of opportunities for accounting professionals. Understanding the role of accounting departments within industry companies, comparing opportunities in industry versus accounting practices, networking and showcasing skills in industry applications, and considering long-term career progression are all important factors to consider when exploring industry job opportunities.
Tips for Successful Job Applications
When applying for accounting jobs without prior experience or an accounting-related degree, several tips can help increase your chances of success:
Importance of Tailoring the CV and Cover Letter to the Accounting Field
One of the most important aspects of a successful job application is tailoring your CV and cover letter to the accounting field. Highlight your relevant skills, qualifications, and experiences that demonstrate your commitment to a career in accounting. Be sure to showcase any internships, volunteer work, or relevant coursework that you have completed.
Highlighting Relevant Skills and Qualifications
Emphasize your numeracy skills, analytical abilities, and proficiency in Excel. These skills are essential for accountants and will set you apart from other candidates. Include specific examples of how you have used these skills in past experiences or coursework.
Including Intermediate Excel Skills in the Application
Excel is a necessary tool for accountants, so it is important to include your proficiency in Excel on your application. Familiarize yourself with basic functions and formulas, such as SUM, COUNT, VLOOKUP, and pivot tables. Highlighting your intermediate Excel skills can significantly increase your chances of attracting the attention of hiring managers.
Emphasizing the Importance of a Professional and Error-Free Application
Ensure that your application is professional and error-free. Pay attention to grammar, spelling, and formatting. Use a clear and professional font, and double-check that all information is accurate. A well-presented and error-free application demonstrates attention to detail and professionalism.
FAQ
Answers to frequently asked questions about landing accounting jobs
- Q: Do I need a university degree to get an accounting job in the UK?
- A: No, a university degree is not necessarily the main requirement for getting an accounting job. Professional qualifications hold more weight in the industry.
- Q: Which professional qualifications should I pursue for an accounting job?
- A: Consider qualifications such as the Association of Accounting Technicians (AAT), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA), or the Institute of Chartered Accountants in England and Wales.
- Q: Should I start studying for a professional qualification before applying for jobs?
- A: Yes, starting your qualification before applying shows dedication and a genuine interest in the field, increasing your chances of success.
- Q: Do I need to complete all the exams for my chosen qualification?
- A: Yes, if you have no accounting background, it is recommended to complete all the exams to build a solid foundation of accounting knowledge.
- Q: What skills should I highlight during my job search?
- A: Emphasize numeracy skills, analytical abilities, and proficiency in Excel. These skills are essential for accountants.
- Q: Should I apply for jobs in accounting practice or industry?
- A: Both sectors offer opportunities, but accounting practice firms may be more open to hiring individuals without accounting backgrounds. Consider the benefits and choose the path that aligns with your career goals.
Additional tips for success
- – Tailor your CV and cover letter to the accounting field, highlighting relevant skills and qualifications.
- – Emphasize your numeracy skills, analytical abilities, and intermediate Excel skills during applications.
- – Ensure your application is professional and error-free, paying attention to grammar, spelling, and formatting.
- – Start your professional qualification before applying for jobs to demonstrate commitment and interest.
- – Network and showcase your skills to potential employers in the industry sector.
- – Consider the financial support and long-term career growth opportunities offered by accounting practice firms.
- – Read and understand the terms and conditions of a training contract before committing.
- – Understand the role of accounting departments in industry companies and showcase your skills and accomplishments during applications.
- – Consider the potential for growth and development within industry companies for long-term career progression.
Resources for further information and support
- – Association of Accounting Technicians (AAT): [website link]
- – Association of Chartered Certified Accountants (ACCA): [website link]
- – Chartered Institute of Management Accountants (CIMA): [website link]
- – Institute of Chartered Accountants in England and Wales: [website link]
Engagement and comments
I hope this section has provided valuable information and tips for landing accounting jobs in the UK. If you have any further questions or experiences to share, I encourage you to leave a comment below. Let’s support each other in our accounting career journeys!