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ACA is an Institute of Chartered Accountants in England and Wales and internationally recognised qualification.
Below, Tom talks about his journey from initially deciding on a career in finance, making the choice between university or an apprenticeship, and how he persevered in the pursuit of his chosen career.
"In February 2017 I decided that long term I wanted to train to become an accountant as a future career and so I started to look for suitable work experience in this field. I applied to the ‘Big Four’ financial services firms, PwC, Deloitte, EY and KPMG, for a place on the week-long paid work experience programmes offered during the summer holidays. However, I was unsuccessful at this time but learnt a great deal about the process and where I could improve.
At the same time, I was considering whether an apprenticeship or university would work best work for me. Initially I had ambitions to study economics and finance at university, either UCL, LSE or Warwick. Taking the university route would mean a 4-year university course followed by a further 3 years at an accountancy firm to qualify.
The apprenticeship route is quicker to reach the end goal and you are paid whilst you learn, rather than accumulating debt. I considered the experience of friends and family and the combination of everything gave me a view on what I thought would suit me best.
My unsuccessful applications to the work experience programmes had shown me that preparation and timeliness were very important to successfully securing a place on competitive apprenticeship programmes. With this in mind, I prepared thoroughly and when the Ernst & Young apprenticeship applications opened in summer 2017, I applied straight away submitting my CV from my holiday in Cornwall.
My application was accepted and I was quickly sent a set of online aptitude tests to complete, including maths and verbal reasoning tests. Once I had passed these tests I was then onto the third stage, an online situational judgement test which included a set of multiple choice questions on real life business scenarios. I researched the best approach and applied my learning to the answers. Success at this stage resulted in being invited to the 4th stage of selection, a day at an assessment centre in one of the EY London offices. After successfully completing this final step, I was finally offered a place on the programme.
Now, instead of attending university I will be moving to London to joining Ernst & Young and studying for 5 years towards my ACA qualification which has the potential to open up opportunities worldwide.
I will not only have no student debt but will also be earning a respectable salary throughout my studies. It has been a tough entry process but if I had the choice between university and an apprenticeship again, I would make the same choice."
We wish Tom all the best as he starts on the first step of what is sure to be a rewarding and exciting career!
Ernst & Young offers a comprehensive range of careers advice and opportunities. Read more about this on their website here.