How to Choose the Right Accountancy Course in the UK for you

For international students, a career as a finance analyst is one of the most coveted careers in finance services industry. As a finance analyst, the main aim is to pore over data to identify or evaluate outcomes for business decisions.

A finance analyst can work in junior and senior capacities within a firm. They

As an auditor, with leading expertise in audit and assurance, they help to build and enhance trust and transparency between businesses and the public.

Auditors report on emerging issues and protect the public interest. They can help companies, investors, and the general public make more informed.

Becoming a chartered accountant is perhaps the most obvious career path after studying for an accountancy degree in the UK. Accountants in the UK give financial advice, audit accounts, and may provide help with financial reporting, tax, and other financial matters.

Stockbrokers buy and sell stocks with a view to making profits for commercial clients, and give investment advice to clients too. If you’re interested in investing and like the idea of a fast-paced work environment, stockbroking could be a great choice for you, provided you can handle a high-pressure career.

Data analyst

Data analysts collate, analyse, record, and interpret data for a range of businesses and institutions with a view to tracking performance and market trends.

Each university will have its own set of entry requirements. Higher entrance standards will apply to top universities than to others.

Undergraduate:

If a student passes the entry requirements listed below, they will often receive an offer from a reputable UK university:

Academic Entry Requirement

==> A-levels: AAB
==> International Baccalaureate (IB) Diploma: 34-36 points
==> UCAS tariff point: 160 to 180 UCAS points

English Language Requirements

==> IELTS: 6.5 (no sub-band lower than 6.0)
==> TOEFL (IBT): 93

Postgraduate:

A decent accountancy postgraduate study in a UK university often has the following academic entry requirements:

Academic Entry Requirement

2:1 or above (or international equivalent) in a subject with high mathematical/quantitative content.

English Language Entry Requirement

IELTS: 7.0 (no sub-band lower than 6.5)

Tuition fees for an accountancy degree in the UK

For an undergraduate accountancy degree in the UK, the average annual tuition is between

£18,525 and £23,079; for a postgraduate program, it is between £16,001 and £28,900. (Depending on the nature and duration of the course, and the institution chosen).

The experience, exposure, and certifications you’ll gain while studying makes the price of an accountancy degree in the UK worthwhile.

==> Under graduation course -£18,525 -£40,079
==> Post-graduation course- £16,000-£28,900

These tuition fees are depending on the nature and duration of your course and also the institution you have chosen.

If you choose the main course without any placement year these fees will apply but in the foundation course and if you need any placement year it will be different and facilities will be also different.

Required Documents for accountancy degree in the UK

==> A copy of the officially completed degree certificate
– Official academic transcripts, detailing the subjects studied and grades obtained

– Official English translations of the certificates and transcripts, if required.

==> Reference letters: Mostly 1 to 2 reference links are required while applying.
==> University specified statement of purpose/personal essay
==> Updated Curriculum Vitae highlighting professional work experience and relevant skills.
==> GRE/GMAT scores (if required)
==> Official ID including passport
==> Financial affidavits as proof of funding

Top Accounting Courses in United Kingdom:

==> Bachelor/ Masters of Accounting
==> Bachelor/ Master’s degree of Finance
==> Cost accounting and management
==> Macroeconomics
==> management

Why study Accountancy in the UK?

The universities in the UK are among the best in the world. Every accountancy graduate from a UK institution possesses extensive exposure, knowledge, and accounting literacy abilities that are sought after by businesses all over the world. Not only that, but the nation also provides the following advantages:

==> Study time is flexible, so students can involve in part-time, full-time jobs along with a placement year.
==> UK is known for being one of the largest financial hubs of the world. So luckily in UK for international students, so many jobs to in and they can work globally renowned companies.
==> UK universities maintain their professional relationship with many corporate, multinational and government companies. If you are eligible, you can get a chance to work for experience.
==> Many UK degrees offer some classes to prepare students for Chartered Accounting examinations.
==> UK universities mainly focus on practical and theoretical knowledge so after graduation students become expert with communicational and computational skills.
==> Study in accounting and financial management can be your best for your career in UK.

Further research==>

Graduates with an accountancy degree frequently take positions that demand further financial certifications to advance.

Typical options include:

==> Qualification from the Association of Accounting Technicians (AAT)
==> Qualification from the Association of Chartered Certified Accountants (ACCA)
==> The professional designations of Chartered Financial Analyst (CFA) and Chartered Institute of Management Accountants (CIMA)
==> Diploma for Professional Bankers.
Depending on the courses and credits you earned for your accountancy degree in the UK, you can be exempt from taking certain of these exams as a graduate.

Some postgraduate programs, like an MSc in actuarial science, prepare you to work in a more specialized area of the financial business. Additionally, you can pursue a PhD in particular branches of finance, including banking or trade statistics.

Duration of accountancy course

==> Undergraduate level: It is typically a three-year program with identical modules in each university covering subjects including bookkeeping, statistics, and credit and financial analytics. In a nutshell, the first year is intended to lay the groundwork for your introduction to basic financial and economic principles. While choosing your own modules in subsequent years can help you gain knowledge about accountancy degrees in the UK. You will eventually need to deliver a dissertation that you worked on for a full year.
==> Masters level: It is a graduate program that lasts ten to twelve months and is available both full- and part-time. Only the University of Cambridge offers a two-year part-time program among all the leading universities that offer the program.

What do graduates in accountancy do?

27 per cent of graduates are employed as chartered and certified accountants. Bookkeepers, payroll supervisors, and wages clerks make up the second-most popular professions (10%).

Eight of the top ten positions held by recent graduates are associated with their field of study.

Conclusion

This is just a selection of what can be done in the UK with an Accountancy BSc. An accountancy course in the UK may help you to become an actuary, a mortgage advisor, a conveyancer, a retail banker, a tax adviser, or to follow any number of related careers. For more advice and assistance applying for an accountancy course in the UK, don’t hesitate to get in touch with us.