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Apprenticeship Audit & Accountancy Jobs

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          Helping you find a career in audit & accountancy

          If you work in audit and accountancy, you could be doing lots of different jobs. You could be writing reports, analysing finances, deciding on future budgets and working with financial data.

          Accountancy professionals are responsible for maintaining the financial records of a company and keeping the books balanced. They also monitor the ingoings and outgoings of a company in order to work out profits (or losses) and set budgets for the future.

          Auditing is a branch of accountancy. It's responsible for monitoring accounting activites and , making sure calculations are correct and legitimate. Often auditing is done by a private, third-party company to avoid bias.

          Most roles require some kind of qualification because you have to learn the correct procedures, rules and regulations of the industry. However, if you have a head for numbers and can prove that you're passionate about industry, an apprenticeship may be for you.

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          FAQs
          Skills required for a career in the Audit & accountancy industry

          You'll need to feel comfortable working with numbers because they will be a huge part of your job. Employers also value soft skills such as negotiation and teamwork.

          Other skills employers and recruiters look for are:

          Typical Audit & accountancy career progression routes

          You should be in a position to apply for junior roles in accountancy & audit after you complete your apprenticeship. You might have to pass more exams to go into a senior position and your employer might sponsor you too.

          Some of the biggest and most respected employers in the accountancy and audit field offer apprenticeship schemes. They're very structured and allow you to work, earn and study at the same time.

          Typical Career Development for the Audit & accountancy industry

          After you've completed your apprenticeship, you can go to university to increase your professional standing.

          The CIMA (Chartered Institute of Management Accountants) is a professional qualification made up of 12 exams. The course takes most people around four years to complete is highly respected among employers. Many employers will support you to get this qualification.

          Another way to develop your career is by completing the ACCA (Association of Chartered Certified Accountants) qualification. This also takes around 4 years to complete. Most of those taking the ACCA work whilst studying as the course requires you to have three years of work experience.

          If you want an audit job within the public sector, you'll need a Chartered Institute of Public Finance and Accountancy (CIPFA) professional qualification.

          The National Audit Office (NAO) also offers a three year training scheme for graduates.

          How much do Audit & accountancy professionals get paid?

          As an apprentice, you'll earn a minimum of £3.90 per hour if you're under 19 or in the first year of your apprenticeship. You'll earn the National Minimum Wage if you're over 19, which works out at around £150 - £240 per week.

          Trainees in this industry typically earn between £20,000 and £30,000. You can earn up to £60,000 after you've gained a professional qualification and have some experience behind you.

          Here are the average salaries for some roles within the sector:

          Financial controller - £47,658 Credit control manager - £32,765 Trainee accountant - £20,000 - £30,000 Chartered accountant - £34,637 - £56,000 Qualified auditor - £32,000 - £53,000

          What qualifications do I need for a Audit & accountancy career

          To get a job in the accountancy or audit sector as a school leaver, it's a good idea to undertake a vocational qualification. A diploma, certificate or short course can give you the practical skills you need to get a job in the field.

          Professional organisations, as well as colleges, can provide these qualifications or advise you on the best courses to apply for.

          Alternatively, you could look at apprenticeships in accountancy or audit. Apprenticeships allow you to study and work at the same time. They can be a great route for those who know what they want to do early and don't want to burden themselves with the time and debt of university.

          Audit & accountancy further reading

          Institute and Faculty of Actuaries
          Institute of Chartered Accountants England and Wales
          Institute of Chartered Accountants Scotland
          Chartered Accounts Ireland
          Royal Economic Society
          Institute of Financial Accountants
          Chartered Insurance Institute
          Chartered Institute of Public Finance Accountancy (CIPFA)
          British Insurance Brokers' Association
          UK Finance
          The Association of International Accountants
          Association of British Insurers
          The Association of Accounting Technicians Chartered Institute of Management Accountants
          Association of Chartered Certified Accountants
          The National Skills Academy for Financial Services
          National Audit Office