04-08-2005, 03:08 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by GaMbLeR</i>
<br />Dear Pracs,
I understand your point but I hope you're aware there isn't a very strong dividing line between being an ACA qualified accountant and an Analyst or Associate in an I-bank- in fact, loads of I-banking vacancies every year are filled by ACA (UK) or ACCA graduates.
Also, I would disagree with you when you mention the term "professional auditor/accountant" to make your distinction and that's because in today's world, the Big 4 and the mid-tier firms do not only offer your typical audit and tax services- they're involved in a whole lot more which includes corporate finance work, other advisory work like leveraged finance and project finance, consulting etc.- a lot of stuff that previously only the I-banks were getting involved in. In fact now, in some case, the smaller I-banks are competing with the Big 4 for advisory and corporate finance work! Anyways, this is why the Big 4 and the other mid-tier firms now prefer to now be classed as "professional services firms". So, I guess what I'm trying to imply here is yes, although there are certain distinctions, entering into one profession doesn't necessaily preclude you from the other, at least in the UK, although making the move would be quite a challenge.
Thanks for your advice, and thank you too DT. Will keep you posted!!!
Let me know if you have any thoughts in the meanwhile.
K. Hafiz.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Well, you do have a point there, so I come back to my argument and re phrase the ACA (UK) to Accountant/Auditor (and other assurance services) and CIMA to I.Banker/Corporate finance/FS Advisory etc. I hope that makes some sense.
Glad to see that you have made your decision and all the best for your career
<br />Dear Pracs,
I understand your point but I hope you're aware there isn't a very strong dividing line between being an ACA qualified accountant and an Analyst or Associate in an I-bank- in fact, loads of I-banking vacancies every year are filled by ACA (UK) or ACCA graduates.
Also, I would disagree with you when you mention the term "professional auditor/accountant" to make your distinction and that's because in today's world, the Big 4 and the mid-tier firms do not only offer your typical audit and tax services- they're involved in a whole lot more which includes corporate finance work, other advisory work like leveraged finance and project finance, consulting etc.- a lot of stuff that previously only the I-banks were getting involved in. In fact now, in some case, the smaller I-banks are competing with the Big 4 for advisory and corporate finance work! Anyways, this is why the Big 4 and the other mid-tier firms now prefer to now be classed as "professional services firms". So, I guess what I'm trying to imply here is yes, although there are certain distinctions, entering into one profession doesn't necessaily preclude you from the other, at least in the UK, although making the move would be quite a challenge.
Thanks for your advice, and thank you too DT. Will keep you posted!!!
Let me know if you have any thoughts in the meanwhile.
K. Hafiz.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Well, you do have a point there, so I come back to my argument and re phrase the ACA (UK) to Accountant/Auditor (and other assurance services) and CIMA to I.Banker/Corporate finance/FS Advisory etc. I hope that makes some sense.
Glad to see that you have made your decision and all the best for your career
