Excerpted from the United Kingdom Career Guide
According to the British Recruiting and Employment Confederation trade association (REC), there is continuing demand by employers for high levels of skills and qualifications across the sectors of accountancy, banking, financial analysis and trading, insurance and investment. Most jobs within the sector are in accounting and bookkeeping, which account for 551,000 jobs in the workforce. Though the City of London is still the center of the UK’s accounting and financial services industry, there are also substantial financial hubs in Manchester, Leeds, Bristol, Edinburgh, Glasgow and Cardiff. In summary, as the recession recovers, the main challenge for employers will be attracting skilled staff.
Certification and Education Requirements
While it is possible to be appointed to a finance and accountancy-related position without undertaking formal chartered accountancy training, this is generally rare in the United Kingdom. Furthermore, it is increasingly rare to find individuals wishing to become a chartered accountant who have not completed an undergraduate degree. This degree does not need to be business related. While there are relatively few chartered accountants who have MBAs, this is becoming more common and is tremendously advantageous in terms of obtaining strategically-oriented positions.
Organizations and Trade Associations
Association of Chartered Certified Accountants (ACCA)
The ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It aims to offer business-relevant qualifications to people around the world who seek a career in accountancy, finance and management. The organization supports approximately 14,000 members and 404,000 students throughout their careers, providing services through a network of 83 offices and active centers. Its focus is on professional values, ethics and governance, and the organization delivers value-added services through 57 global accountancy partnerships, working closely with multinational and small entities to promote global standards and support. Member services include careers support, an e-learning portal, publications and networking.
29 Lincoln’s Fields
London WC2A 3EE
Tel: +44 20 7059 5000
Fax: +44 20 7059 5050
Published daily, the Financial Times gives the latest UK and international business, finance, economic and political news. It also includes comment and analysis, including global company and business school rankings. The publication offers news alerts, RSS feeds and job opportunities. Subscription information and contact details can be found on the website.
Tel: +44 20 7775 6248
This is just a short sample of what you’ll find in over 100 pages of information in the complete United Kingdom Guide.