How much do Chartered Accountants get paid? (Practice and Industry)
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- čas přidán 18. 02. 2020
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Hi All, when I started in finance and accounting, due to my ignorance, I was unaware of the jobs that were available to me. So I thought I would make a video given a summary of the jobs and pay, from my experience that you can expect from becoming a chartered accountant.
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I started this channel as I was becoming more and more aware that my friends and family were relatively clueless when it came to knowing where they should be putting there money. Having studied Accounting and Finance at Uni, becoming a ACA Chartered Accountant at PwC, over 5 years working in commercial finance and whilst reading copious amounts of investing and "self help books" I realised I probably have something to offer people.
I want these videos to be informative as possible and help you, the listener, so please do subscribe and leave a comment on what you like and what you may want me to talk about in the future!
Thanks again!
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I feel this should be shown in every university! I naturally fell into industry by chance 😂 and never left. Really interesting info especially on salary brackets. Thanks!
Love your blog man , thank you for clarifying things , nice spirit 👍
Brilliant! this will help many people. I wish i knew this when i first started!
Nice and concise explanation of career paths. Really insightful and honest content on your channel.
That was super helpful! Such clear concise information :)
Currently studying A&F, I’m in first year and just watched this! Thanks.
Highly appreciate for sharing this knowledge!
Studying A+F at Newcastle University and i found this video very clear and informative thank you.
This was funny and so true. As a junior you’re really at the end of the food change
Role intro 👈🏻 hah! Great video once again!
great paul apreciated keep it going
I enjoyed this thank u!!!
this is great thank you !
Keep moving - good advice
I loved this! Very timely for me to watch today!
Learned a lot from this vid!
I loved your graph 😂
Go into Practice and avoid industry, often you don't learn as much. In Practice you deal with a wide variety of clients and business.
Go into industry if you want more of an understanding of how businesses operate, But start off in practice first.
Depends. Practice entry pays £18k-£23k. Entry level roles in industry pay £30k
@@financekid9416 Yh don’t follow the money first, know your craft maybe get a training contract and complete your qualification . The money will come you have ages for that , make sure you get a good start though
@@salahaddin2009 You do know industry also offers training contract. Also ACCA is way harder than ACA/ICAEW. Look at the pass rates too. Plus if you have practice experience, you can only go into financial accounting roles and not FBP etc
@@financekid9416ACCA people don’t have to be on a training contract to take exams. So not a comparable candidate pool
finally some decent information thankyou
Really liked your video ...very much informative. Can you make a video on monthly expenses ..standard of living of charted accountants with 45K of salary?
This was very interesting
Interesting article but needs more preparation, just like a set of accounts.
5:40 ahh man the accuracy hahaha
cool intro!
You should put a small mirror behind your camera so you can know if its recording or not without getting up in the middle of the video, although it didn't affect the video in anyway, just an idea.
Thank you for sharing your insightful video. You have helped me understand much more clearly on the breakdown of the Industry's department roles based on what I had learned and graduated in my BSc Accounting and Finance degree. Date Stamp: 27sept21
is BSc Accounting and Finance worth it if I wish to pursue ACCA later on?
I must say I'm really enjoying your videos Paul. I do have a question. Are accountants salaried or do they get overtime? 😊
Lol I wish I was paid overtime haha
i wonder why they dont give courses on careers in uni, it would make unis a lot more appealing. i appreciate this so much.
If someone was aiming for a cfo in industry, what career path would you recommend? I'm guessing start off in practice but what department audit? Tax? Or something else?
tax
@@curiousgeorgia11.11 you must work in tax, who cares about tax people outside of tax
Thank you very much for nice video. Are you sure that 45 is the highest age to become a partner at firm?
You can make partner in your 30’s but you will need to create the opportunity, otherwise it’s deadman shoes.
In the early 1980’s , painters and decorators got jobs as money brokers in the City and made £300,000 per year +
The background music is incredibly annoying and distracting! Apart from that, great video :)
Internal audit under the CFO? Where have you seen this? Internal audit is usually reporting to the Board of Directors, auditors must be indépendant from the CEO or CFO line of authority, otherwise they can’t be independent.
Internal is not independent. The clue is in the word. You might be getting it confused with external auditors ? Thanks
@@1sweetlittleprincess In the US, it is a SEC (Security Exchange Commission) rule to have internal audit being independent and reporting only to the Board of Directors.
can a chartered accountant become ceo of a industry
Yes - 1/5 of ftse100 companies are.
Quick question ; can I become an accountant without a Bachelor ? :D
Yes, is the short answer. Visit the websites of the Chartered accountancy bodies, ICAEW, ACCA, CIMA and, for non-profit sectors, CIPFA. You will see that that their education schemes are open access to everyone. There is also the AAT for accounting technician level; and IAB and ICB for training in professional bookkeeping. But remember, experience is valuable to employers, so try and combine both. Even voluntary, unpaid bookkeeping/accounting work is very much recognised.
What made you leave audit?
Probably the working hours. I also found pwc didnt recognise your efforts as much as they could...
@@PaulHarrisCZcams If the working hours were better, do you think you would’ve stayed in Audit?
JK shah classes is treating education as a joke. They're playing with the future of children with their false schemes.
Teachers are trying their best to get ahead in time learning online teaching.
But what is Jk shah classes doing? Not paying them? This is the time when everyone is paying over and above the salaries to those in need.
108 teachers have left JK shah classes because of non payment.
Shocked to see Experienced teachers leaving, like:
Sagar Vora ( Tax Faculty)
Himanshu Patel ( SFM Faculty)
Meenal Dhedia ( Accounting Standard Faculty)
Tejas Bhatt ( Law Faculty)
Kalpesh Mehta ( Accounts Faculty)
Thakur Desai ( IDT Faculty)
Harshad Gor ( Accounts Faculty)
Anup kantaria ( Costing Faculty)
Students are being given scholarship without merit.
How can you expect competitive spirit and learning environment in class when the students being admitted are given scholarships only for discount and not merit!
WHO AM I? I am one of the Faculty who just left!
Will you still upload videos? I enjoy your content :)
Laptop currently broken. Should get another one in the next week..
Just finished my first year end audit, I have to say. Audit is shit. Dont join big 4 audit….
Put a mirror behind the camera
Genius
I wouldn't take this career path too seriously. It's a very flawed model due to the failure on behalf of Government to effectively govern the capitalist system in the UK (Blame the CMA) leading to an oligopoly of these accountancy partnerships that unfortunately have led to massive capital outflows out of the UK as no-one trusts any of the audits & annual reports produced. Contributing to one of the largest decreases in standards of living over the past decade since the world wars.