Anonymous wrote
Dear Job Doctor,
You mentioned in an earlier blog that the best time to move across to banking as a newly qualified ACA is pretty much directly upon qualification. At which level would a newly qualified ACA slot in within investment banking? As an analyst or an associate?
Thanks for all your help.
A senior consultant in WH Marks Sattin's Financial Services team replied
The level a newly qualified ACA comes into an investment banking team at can vary somewhat between banks, whilst the perceived strength of the candidate can also be taken into account. Generally most will come in at either a senior analyst or first year associate level. Some banks prefer to offer an analyst position with promotion to associate after 12 months to allow time to 'bed in' to their new surroundings in investment banking, others prefer to bring the ACAs on at an associate level with a 'sink or swim' mentality to push them to excel in their first year. Either way, it's a big change from accountancy so the best advice is to only move to a bank where you think there is a good chance you will excel in your first 12 months.
All the best
WH Marks Sattin
Click for the latest finance jobs
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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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.
Friday, 13 November 2009
Wednesday, 28 October 2009
Best time to move from accounancy practice to banking/private equity
Anonymous wrote
When is the best time to make the career move from accountancy practice to banking/private equity?
Is it immediately after qualifying or after promotion to manager?
Many thanks
A consultant in WH Marks Sattin's Private Equity team replied
I would suggest immediately after qualifying, as more companies look for a newly qualified accountant who they can mould themselves, rather than an experienced manager. If you are set on a career move into banking or private equity you need to be ready to move as soon as you qualify if you want to pick up the best roles.
All the best
WH Marks Sattin
Click for the latest private equity jobs
When is the best time to make the career move from accountancy practice to banking/private equity?
Is it immediately after qualifying or after promotion to manager?
Many thanks
A consultant in WH Marks Sattin's Private Equity team replied
I would suggest immediately after qualifying, as more companies look for a newly qualified accountant who they can mould themselves, rather than an experienced manager. If you are set on a career move into banking or private equity you need to be ready to move as soon as you qualify if you want to pick up the best roles.
All the best
WH Marks Sattin
Click for the latest private equity jobs
Monday, 26 October 2009
Pursuing a career in practice with a CIMA qualification
Anonymous wrote
Hi,
I am a newly qualified CIMA member and have gained 5 years pre qualified experience working in the Pharmaceutical industry. I would really like to pursue a career in practice with a long term view to run my own practice.
How likely am i to be able to get a job working in an accountancy firm if i am CIMA qualified and not ACA or ACCA qualified?
Thank you
A consultant in WH Marks Sattin's Practice Division replied
Thank you for your enquiry.
The market is very competitive at the moment and it is client driven. Clients are looking for perfect matches for their roles and for candidates with strong transferable skills or who have worked in similar environments. It is difficult for candidates to get roles in practice if they have worked in industry for 2 years or more. I think you will find it difficult but it is definitely worth a try.
If you want advice on how best to put together your CV please give me a call on 0207 747 9754.
Regards
Ewa
WH Marks Sattin
Click for the latest Practice jobs
Hi,
I am a newly qualified CIMA member and have gained 5 years pre qualified experience working in the Pharmaceutical industry. I would really like to pursue a career in practice with a long term view to run my own practice.
How likely am i to be able to get a job working in an accountancy firm if i am CIMA qualified and not ACA or ACCA qualified?
Thank you
A consultant in WH Marks Sattin's Practice Division replied
Thank you for your enquiry.
The market is very competitive at the moment and it is client driven. Clients are looking for perfect matches for their roles and for candidates with strong transferable skills or who have worked in similar environments. It is difficult for candidates to get roles in practice if they have worked in industry for 2 years or more. I think you will find it difficult but it is definitely worth a try.
If you want advice on how best to put together your CV please give me a call on 0207 747 9754.
Regards
Ewa
WH Marks Sattin
Click for the latest Practice jobs
Completing ACA qualification with the Big 4
Anonymous wrote
Hi,
I currently work in audit for a top 20 accountancy firm and have recently become part qualified. Is there any chance for me to find a role in audit in one of the Big 4 and complete my ACA qualification there?
A Consultant at WH Marks Sattin responded
Congratulations on becoming Part Qualified. Unfortunately at the moment it is really hard to move from a top 20 to a Big 4 at that level. The Big 4 have had a recruitment freeze on for most of their departments for the last year. If you are really interested I would recommend giving the recruitment team a call direct and discussing your chances. I would not submit your CV as it could hinder your chances of getting a role once the market picks up.
If you have any questions please call me on 0207 747 9754 or email me on ewa.stefanska@whmarkssattin.com
Best of luck
WH Marks Sattin
Click to see the latest Practice jobs
Hi,
I currently work in audit for a top 20 accountancy firm and have recently become part qualified. Is there any chance for me to find a role in audit in one of the Big 4 and complete my ACA qualification there?
A Consultant at WH Marks Sattin responded
Congratulations on becoming Part Qualified. Unfortunately at the moment it is really hard to move from a top 20 to a Big 4 at that level. The Big 4 have had a recruitment freeze on for most of their departments for the last year. If you are really interested I would recommend giving the recruitment team a call direct and discussing your chances. I would not submit your CV as it could hinder your chances of getting a role once the market picks up.
If you have any questions please call me on 0207 747 9754 or email me on ewa.stefanska@whmarkssattin.com
Best of luck
WH Marks Sattin
Click to see the latest Practice jobs
Friday, 4 September 2009
ACA qualified Big 4 candidate to private equity / fund management role?
Anonymous wrote
What career options would a transaction services ACA qualified Big 4 candidate have in the job market? Is a move to private equity/fund management a possibility?
A senior consultant at WH Marks Sattin replied
In previous years there were a number of possibilities for newly qualified ACAs within Corporate Finance and Private Equity. In fact, many years ago our Front Office team here at WH Marks Sattin was started to do just that - moving the best ACAs into M&A, Equity Research and Private Equity roles. Unfortunately, during the past 18 months similar opportunities for ACAs have all but dried up due to there being fewer roles and more available candidates with experience in these areas in the market.
However, over the past month or so, we've seen requests for ACA qualified candidates from some of the corporate finance boutiques but these are only open for the very best ACAs. Clients know it's still a buyer's market so are only asking to see the strongest ACA candidates meaning that exceptional academics first time passes and experience in corporate finance (preferably) or transaction services teams at the top firms are a must to even secure an interview.
Having qualified in Transaction Services in the Big 4 you certainly stand a chance of securing interviews for these roles, but we would need to review your full background before giving more detailed feedback as competition is extremely tough. We've found that roles in Private Equity or Fund Management are currently not open to newly qualified ACAs but a move into a good corporate finance boutique or one of the banks would give you a better chance of moving to the buy side once hiring in these areas picks up.
All the best
WH Marks Sattin
If you are an exam qualified, about to qualify, or a recently qualified CA or ACA exploring your career options and need some frank advice, why not come along to our ACA career evening in October ? Contact us at acacareerevening.uk@whmarkssattin.com for more information.
What career options would a transaction services ACA qualified Big 4 candidate have in the job market? Is a move to private equity/fund management a possibility?
A senior consultant at WH Marks Sattin replied
In previous years there were a number of possibilities for newly qualified ACAs within Corporate Finance and Private Equity. In fact, many years ago our Front Office team here at WH Marks Sattin was started to do just that - moving the best ACAs into M&A, Equity Research and Private Equity roles. Unfortunately, during the past 18 months similar opportunities for ACAs have all but dried up due to there being fewer roles and more available candidates with experience in these areas in the market.
However, over the past month or so, we've seen requests for ACA qualified candidates from some of the corporate finance boutiques but these are only open for the very best ACAs. Clients know it's still a buyer's market so are only asking to see the strongest ACA candidates meaning that exceptional academics first time passes and experience in corporate finance (preferably) or transaction services teams at the top firms are a must to even secure an interview.
Having qualified in Transaction Services in the Big 4 you certainly stand a chance of securing interviews for these roles, but we would need to review your full background before giving more detailed feedback as competition is extremely tough. We've found that roles in Private Equity or Fund Management are currently not open to newly qualified ACAs but a move into a good corporate finance boutique or one of the banks would give you a better chance of moving to the buy side once hiring in these areas picks up.
All the best
WH Marks Sattin
If you are an exam qualified, about to qualify, or a recently qualified CA or ACA exploring your career options and need some frank advice, why not come along to our ACA career evening in October ? Contact us at acacareerevening.uk@whmarkssattin.com for more information.
Click here to visit our ACA accounting jobs mini site
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