10-05-2011, 07:18 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by haris_alshafi</i>
<br />Thankss alot DxB.Raf, One more thing I would like to ask is what do you suggest to someone who has just 10-11 months left till he becomes a member, should he apply to firms for articles or avoid them entirely and just cover the industry asI was thinking of applying for ICAEW articles in Dubai.
Thanks once again mate!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Becoming ACCA member does not require firm experience. You can complete your PER and TDM in both worlds.
Regarding continuing in firm or making a career in industry depends entirely on you and your long term plans. There are pros and cons of both.
In practice, you get the chance of making PR with the industry people. There is a clear growth and career path from associate to partner step by step. Annual apparaisals and promotions are usually better in practice specially Big4. You are almost sure that if you do everything right, you will become a manager after certain period, then S.Manager and so on. The drawbacks include repetitice tasks if you are in audit. Normally it becomes a problem if you want to move to industry after working for 7+ years in a practice. Yout hen become the practice guy. Also as i mentioned before firms are limited and jobs are limited.
In industry, you get the real experience of preparing accounts and other finance matters rather than just auditing the prepared FS. Industry experience is generally highly regarded. All the elder senior professionals i know tell me that only stay in firm after articles if i want to go to the partner level. Otherwise change it immidiately after articleship. That is one view. Salaries are better in firms for higher disignations specially. However, industry growth is no confirmed. You may find youself working for a company where the Finance Manager designation is already filled and you are not being promoted as manager. In such cases people switch companies to grow.
Once you quit firms its hard to get back in. Like you did your 3 years articles than worked in industry for 5 years and going back to practice would not get you manager designation even though you got 8 years under your belt.
So you need to decide immidiately after you finish your articles. This decision is crucial. So keep your long term plans in mind.
If you are an ACCA, i would not prefer you goin for ICAEW. It's better you go for CIMA.
<br />Thankss alot DxB.Raf, One more thing I would like to ask is what do you suggest to someone who has just 10-11 months left till he becomes a member, should he apply to firms for articles or avoid them entirely and just cover the industry asI was thinking of applying for ICAEW articles in Dubai.
Thanks once again mate!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Becoming ACCA member does not require firm experience. You can complete your PER and TDM in both worlds.
Regarding continuing in firm or making a career in industry depends entirely on you and your long term plans. There are pros and cons of both.
In practice, you get the chance of making PR with the industry people. There is a clear growth and career path from associate to partner step by step. Annual apparaisals and promotions are usually better in practice specially Big4. You are almost sure that if you do everything right, you will become a manager after certain period, then S.Manager and so on. The drawbacks include repetitice tasks if you are in audit. Normally it becomes a problem if you want to move to industry after working for 7+ years in a practice. Yout hen become the practice guy. Also as i mentioned before firms are limited and jobs are limited.
In industry, you get the real experience of preparing accounts and other finance matters rather than just auditing the prepared FS. Industry experience is generally highly regarded. All the elder senior professionals i know tell me that only stay in firm after articles if i want to go to the partner level. Otherwise change it immidiately after articleship. That is one view. Salaries are better in firms for higher disignations specially. However, industry growth is no confirmed. You may find youself working for a company where the Finance Manager designation is already filled and you are not being promoted as manager. In such cases people switch companies to grow.
Once you quit firms its hard to get back in. Like you did your 3 years articles than worked in industry for 5 years and going back to practice would not get you manager designation even though you got 8 years under your belt.
So you need to decide immidiately after you finish your articles. This decision is crucial. So keep your long term plans in mind.
If you are an ACCA, i would not prefer you goin for ICAEW. It's better you go for CIMA.