Just about gotten over the trauma of the level II exam and finally had some time to think about what to do next. Was wondering if anyone could offer advice on my situation:
I currently work for one of the big 4 accounting firms and hope to bag two years of audit experience by the end of the year.
The CFA has always been (and still remains) my primary professional goal and so it was never my intention to pursue a long term career in audit. So for now, I have absolutely no “investment related work experience” which would count towards the CFA charter. Alongside the CFA, I also want to obtain ACCA membership, not because I want a career in audit, but because a chartered accountant qualification is simply useful to have in the business world. I haven’t done any exams for the ACCA but am prepared to start with some papers this December.
I am asking for advice on how to efficiently achieve the work experience requirements of both the CFA and ACCA. Based on what I understood, ACCA membership status can be obtained from accounting and finance-related work experience. If the experience is not directly related to accounting, it may be prorated (i.e. if 25% of the time is relevant it would take 4 years to achieve 1 year of relevant work experience).
I am considering applying for a job that involves “investment decision-making” to get started on the work experience requirements for the CFA charter which I undertsand will take approximately 4 years to fulfill. Would any ACCA members know if it would be likely that the four years spent in such a job would also help towards the work experience requirements for the ACCA.
Essentially I would be hoping to kill two birds with one stone by gaining 4 years investment experience for the CFA while simultaneously gaining (hopefully) 1 year of experience that would be considered relevant for the ACCA - I would add this 1 year to my 2 years of directly relevant audit experience (ACCA requires 3 years relevant work experience) …. and if it all works out (and that is a big IF) I’d come out at the end of 4 years with both a CFA Charter and ACCA Membership.
Please advise, thanks for your help.