One of the biggest dilemmas facing accountancy students is how quickly they should jump into the employment pool, and how long they should take to build their qualifications.
It really has a lot to do with personal choice whether you want to progress from a Foundation Degree or HND, to the everyday experience of the world of work, or stay on and do a final year degree. If you are already in work and have accountancy qualifications, it could be that you too are wondering whether time out to study for a degree is a good investment in your future?
According to the 2017 High Fliers report on the UK Graduate Market “The country’s top employers plan to increase their graduate recruitment by a further 4.3% in 2017, the fifth consecutive year that graduate vacancies have grown.”
The more comprehensive 2016 copy of the report pointed out that the biggest growth in graduate vacancies is expected to be in sectors that include banking & finance
Ramping up your qualifications to a degree level is clearly going to open up increasing numbers of doors for you. Something to keep in mind is depending on your existing qualifications, you can also consider a top up degree in a different speciality, such as business for example.
Accountancy and business finance are tough marketplaces, developing at a rapid pace thanks to new technology and increasingly complex economic pressures. The way in which practical and theoretical education is balanced in a top up degree does provide you with greater opportunities to start or resume a few more rungs up the career ladder. A Management Top up Degree shows employers that you mean business, and it can give them confidence that the up to date knowledge you have warrants more attractive positions and salaries.
One of the best reasons to do other qualifications before doing your degree final year, is that it provides you with an opportunity to “take a break”. Three years of study can be intense. Being able to return to college in London with 12 months work experience under your belt may change your whole perspective on what you learn. Incidentally, the door is still open for that top up degree if you use the break year to back-pack round Thailand too!
Management Top up Degre is different, not more of the same
Another thing to think about is that a top up degree is not just “more of the same” or fine tuning what you already know. At Mont Rose college in Ilford, the top up degree year for accountancy creates greater understanding and insight into how it translates into corporate reporting, business strategy, international finance and investment management, for example.
And who knows, this year of study could inspire you to go even further, with a Master’s Degree or PhD in your chosen subject.
It’s as much about your ambition and where you see yourself in a few years, as your abilities. The point you choose to exit college for the “real world”, depends on how big an impact you want to make in the “real world”.