Pursuing an ACCA career is an excellent decision to ensure a bright future. But if you are worried about whether you will find a suitable ACCA job if you choose not to apply for ACCA membership or if you can begin your career while still completing the course,. The good news is that you can still apply for jobs even if you just have partial ACCA qualifications!
You might be wondering if taking some of your ACCA examinations will help your career or if you need to take all 13 exams to be regarded as a qualified, employable accountant. In this blog, we will explore the career scope of a partly qualified ACCA professional. Before we move, let’s understand the different definitions of partly qualified among employers and students. Like,
- A student who has only a portion of their qualifications remaining after receiving exemptions
- A student with professional strategic-level written exam experience
- The absence of 36 months of appropriate job experience for a student
- After completing a foundational or applied skills level, a student has chosen to pursue another degree.
- All of these descriptions have some validity for both students and businesses. Where does it leave you, though?
Now, you can compare and find if you are partly qualified for ACCA. Next, we will understand this phrase in-depth and then check the ACCA career opportunities.
What Does It Mean to Be Partly Qualified for ACCA?
Let’s quickly go through the components of the ACCA (Association of Chartered Certified Accountants) qualification before delving into the requirements for being partially qualified:
- 13 exams divided into 3 levels:
- Applied Knowledge (3 papers)
- Applied Skills (6 papers)
- Strategic Professional (4 papers)
- 20 hours of Ethics and Professional Skills module
- 36 months of experience in a related field
You can become an ACCA member if you fulfill the requirements listed above. In technical terms, a student is deemed “partly qualified” if they have begun their ACCA qualifications but have only met one or two of the three qualifying requirements specified above.
However, research indicates that according to the organization, the term “partly qualified ACCA” might mean different things.
It usually refers to a student who has passed all but the strategic professional level of the first two exam levels.
After finishing the Applied Knowledge and Applied Skills levels, a student has chosen to pursue another degree.
Alternatively, a student seeking a career while pursuing the strategic professional level.
Since their previous exams demonstrate their proficiency in important areas, including financial accounting, taxation, and performance management, these students can confidently assume the label of partly qualified ACCA. It demonstrates to the company that the candidate possesses the fundamental knowledge needed to start working.
Can Someone Who is Only Partly Qualified for ACCA Get a Job?
In the field of accounting and finance, having some qualifications opens up a lot of opportunities. Because they possess the necessary basic knowledge, practical skills, and industry aptitude, employers frequently seek out ACCA candidates who are partly qualified. Depending on your degree of completion, you can apply for a variety of entry-level to mid-tier roles.
Best ACCA Jobs
- Accounting Intern
- Junior Account Manager
- Junior Business Analyst
- Bookkeeper
- Credit Control Assistant
- Accounting Technician
- Trainee Auditor
ACCA Salary for Partially Qualified Candidates
You can increase your income even before you become a chartered certified accountant with ACCA membership by completing the foundational and applied-level exams.
The annual salary range for full-time trainee accountants is £28,000 to £35,000. If an applicant is dedicated to the company for a certain amount of time, some companies will agree to cover the remaining ACCA course fees.
Your earning potential increases over time as you pass more ACCA examinations and get work experience. ACCA members who are fully qualified frequently command much better incomes and more senior positions.
Frequently Asked Questions (FAQs)
Q1. Can I get a job if I am partly qualified in ACCA?
Ans: Yes! For positions like junior auditor, financial analyst, and accounts assistant, many organizations look for ACCA experts with some degree of qualification.
Q2. Is it better to wait until I’m fully qualified to apply for jobs?
Ans: Not always. As you finish your qualifications, you can start your work and acquire useful experience that will help you after you’re completely qualified.
Q3. Which industries hire partly qualified ACCA candidates?
Ans: A wide range of industries, including banking, finance, auditing, taxation, and consulting, hire partially trained ACCA professionals. Some of the well-known companies that ACCA students are frequently hired by are KPMG, EY, and PwC.
Q4. Which countries are best for partly qualified ACCA candidates?
Ans: With good pay and room for advancement, ACCA provides access to a wide range of career options in the United States, the UK, the UAE, and India. Even after qualifying in some ACCA exams, ACCA professionals can attain significant career milestones by utilizing their qualifications and matching their talents to the demands of the global market.