Anonymous shouted (please don't write in capital letters!)
I AM POST GRADUATE FROM INDIA IN COMMERCE AND BUSINESS ADMINISTRATION.I CAME TO UK 2 YEARS AGO AND NOW HOLD A PERMANENT VISA HERE. I AM IN THE FINAL STAGE OF ACCA. I HAVE WORKING KNOWLEDGE OF MS OFFICE, EXCEL AND POWERPOINT. AT THE MOMENT I AM WORKING IN TESCO AS A TEAM LEADER. CAN I GET A JOB IN ACOUNTING WITH SUCH BACKGROUND AND WHAT SALARY I CAN EXPECT.
A consultant in the commerce and industry division of Marks Sattin wrote:
It is possible for you to get a job within accounting. You have all the theoretical knowledge, but no practical knowledge, which means that even though you are in the final stages of your accountancy qualification you will need to start in a slightly more junior role to gain experience. There are many great junior roles out there, which would offer you support for your studies and the opportunity to progress further on. It may be an idea to start off in an accounts assistant role. You should aim for a salary of £20k minimum.
About the WH Marks Sattin Job Doctor
WH Marks Sattin is a specialist recruitment agency dealing with accountancy, finance, tax and consultancy professionals. This is our Job Doctor forum/blog.
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We will try to answer your question in 3 to 5 days.
http://www.whmarkssattin.com/
Looking for jobs in IT? Why not talk to our sister company Greythorn - specialist IT recruiter.
Looking for a career change? Want some advice on which industries are good to get into at the moment?
Go on, ask our consultants some questions! If you want you can comment on our answers... We hope you find it useful!
1. Click "comments" on any of the previous posts (even if it isn't related to your question
2. Type in your question in the box
3. Select "anonymous" if you don't have your own account
4. Click "Publish your comment"
We will try to answer your question in 3 to 5 days.
http://www.whmarkssattin.com/
Looking for jobs in IT? Why not talk to our sister company Greythorn - specialist IT recruiter.
Thursday, 28 June 2007
Moving from banking into practice
Anonymous wrote:
I am a newly qualified ACCA. I have trained in banking although work has included stat account prep for pensions and companies. What is the easiest way for me to get into practice and what salary could I expect?
A consultant in the practice team at Marks Sattin replied:
It is usually very difficult for someone who has not worked in professional services to join a practice. One of the most important aspects of working in public practice is the client interaction and communication. Someone who has not trained in a client facing role will lack some of the soft skills required. However the fact that your work has included accounts preparation would be advantageous. If you have sent in your CV, one of our consultants will be able to look at your work experience and academics and see if we can help you.
Good luck!
I am a newly qualified ACCA. I have trained in banking although work has included stat account prep for pensions and companies. What is the easiest way for me to get into practice and what salary could I expect?
A consultant in the practice team at Marks Sattin replied:
It is usually very difficult for someone who has not worked in professional services to join a practice. One of the most important aspects of working in public practice is the client interaction and communication. Someone who has not trained in a client facing role will lack some of the soft skills required. However the fact that your work has included accounts preparation would be advantageous. If you have sent in your CV, one of our consultants will be able to look at your work experience and academics and see if we can help you.
Good luck!
Friday, 1 June 2007
Moving into an accounts department
Anonymous wrote:
I worked as a senior process executive in order management department in India. Now I moved to the UK with visa status HSMP dependant. I want to move to an accounts department but my educational background is in accountancy and finance. Please let me know how can I approach this change.
A manager at Marks Sattin replied:
Firstly, I would need to know what the process executive role entailed. My initial thoughts are that it is the equivalent of the purchase ledger department in the UK. If so, the obvious route would be to look into this area of accounts. Many accountants start at this level and gradually work through the ranks. The next position would be an accounts assistant and then either assistand management accountant or assistant financial accountant, depending on your experience gained.
My advice would be to keep your options open and use the knowledge gained previously. It may be that you won't be able to start out as a senior but by proving your ability, the advancement in large corporations is very quick.
Good luck
I worked as a senior process executive in order management department in India. Now I moved to the UK with visa status HSMP dependant. I want to move to an accounts department but my educational background is in accountancy and finance. Please let me know how can I approach this change.
A manager at Marks Sattin replied:
Firstly, I would need to know what the process executive role entailed. My initial thoughts are that it is the equivalent of the purchase ledger department in the UK. If so, the obvious route would be to look into this area of accounts. Many accountants start at this level and gradually work through the ranks. The next position would be an accounts assistant and then either assistand management accountant or assistant financial accountant, depending on your experience gained.
My advice would be to keep your options open and use the knowledge gained previously. It may be that you won't be able to start out as a senior but by proving your ability, the advancement in large corporations is very quick.
Good luck
Tuesday, 22 May 2007
How quickly will I find a job? I have an HSMP visa...
Anonymous wrote
Hi, I am a candidate who is seeking employment in the UK, I have the HSMP with my visa. I just want to know how FAST AND EASY it will be before I get a job in the UK. I have over four years experience with one of the Big 4 audit companies, am currently a senior.
A manager within the professional services team at Marks Sattin wrote:
It really depends where you are currently working. If you're qualified with an ACA/CPA in a country that is recognised by the ICAEW (Accounting board England and Wales) such as Australia, South Africa or New Zealand then it will be very easy, otherwise it may be more difficult. It's also worth bearing in mind that we have more ACAs qualifying from the Big 4 than ever before this year and as such, moving away from audit may not be as easy as it once was.
We hope this answers your question. For more information on Big 4 jobs at Marks Sattin, visit www.markssattin.co.uk/big4
Hi, I am a candidate who is seeking employment in the UK, I have the HSMP with my visa. I just want to know how FAST AND EASY it will be before I get a job in the UK. I have over four years experience with one of the Big 4 audit companies, am currently a senior.
A manager within the professional services team at Marks Sattin wrote:
It really depends where you are currently working. If you're qualified with an ACA/CPA in a country that is recognised by the ICAEW (Accounting board England and Wales) such as Australia, South Africa or New Zealand then it will be very easy, otherwise it may be more difficult. It's also worth bearing in mind that we have more ACAs qualifying from the Big 4 than ever before this year and as such, moving away from audit may not be as easy as it once was.
We hope this answers your question. For more information on Big 4 jobs at Marks Sattin, visit www.markssattin.co.uk/big4
Tuesday, 24 April 2007
Moving away from commerce
Anonymous wrote:
"I have been working within commerce for the past five years. How easy is it for me to move into another area such as banking or public practice?"
A divisional manager for IMI at Marks Sattin responded:
It really depends what you have been doing in commerce and what level you are at. The more senior you are the harder it is generally to make the switch as people are spending significant sums of money to acquire skilled people in positions that are often more client or commercially facing, and so industry experience becomes more key.
A move into practice is a good possibility if you possess year end statutory skills, or applicable skills to corporate recovery, insolvency, tax or transaction services. Accountancy practice is undergoing a boom in demand for their services, so demand for good candidates is also strong and they are very good at providing the necessary training to get you up to speed.
The financial services industry is somewhat different. Financial services is famed for paying huge salaries and is an attractive sector, so the supply vs demand equation is more skewed towards the employers. For roles that are management reporting focussed, particularly around costs, the industry experience tends to matter less as typical costs in financial services companies are very similar to any other service sector. When it comes to statutory reporting in financial services, companies tend to demand relevant industry experience because of the unique nature of the business and the complexity of their balance sheets. With recent accounting standards changes under IFRS that apply mostly to financial services companies around, eg embedded derivatives, revenue recognition and deferred accounting, experience of financial services becomes more important. The breadth of financial services roles for accountants is often wider, eg in risk and fund reporting, so applicable skills are sought.
I hope this helps, and please feel free to call any financial services consultant for more tailored advice surrounding your own individual experience.
"I have been working within commerce for the past five years. How easy is it for me to move into another area such as banking or public practice?"
A divisional manager for IMI at Marks Sattin responded:
It really depends what you have been doing in commerce and what level you are at. The more senior you are the harder it is generally to make the switch as people are spending significant sums of money to acquire skilled people in positions that are often more client or commercially facing, and so industry experience becomes more key.
A move into practice is a good possibility if you possess year end statutory skills, or applicable skills to corporate recovery, insolvency, tax or transaction services. Accountancy practice is undergoing a boom in demand for their services, so demand for good candidates is also strong and they are very good at providing the necessary training to get you up to speed.
The financial services industry is somewhat different. Financial services is famed for paying huge salaries and is an attractive sector, so the supply vs demand equation is more skewed towards the employers. For roles that are management reporting focussed, particularly around costs, the industry experience tends to matter less as typical costs in financial services companies are very similar to any other service sector. When it comes to statutory reporting in financial services, companies tend to demand relevant industry experience because of the unique nature of the business and the complexity of their balance sheets. With recent accounting standards changes under IFRS that apply mostly to financial services companies around, eg embedded derivatives, revenue recognition and deferred accounting, experience of financial services becomes more important. The breadth of financial services roles for accountants is often wider, eg in risk and fund reporting, so applicable skills are sought.
I hope this helps, and please feel free to call any financial services consultant for more tailored advice surrounding your own individual experience.
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