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Some Advice Please!

 
#1 Some Advice Please!
25/05/2003 00:00

Tom

Hi,

I'm just about to graduate and wondering which of the following options would be the best to pursue. I'm interested in both consultancy and accountancy. If I trained as an accountant, how easy would it be for me to then move into consultancy? (I prefer this option as I would have the safety net of a professional qualification which some consultancies don't offer). Or should I apply straight for consultancy jobs but without the security of the aforementioned?

Cheers,

Tom

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#2 Re: Some Advice Please!
26/05/2003 00:00

Dave

In short Accountancy with ACCA or CPA, can lead to Tax, Legal and Corporate finance specialisations. Training directly from the age of 18 under the wing of a good firm is probably the best way. Later it can even lead to a CFO position. Consultancy then will be geared towards those finance domains. ( as in D&T) However, if you're asking about Management Consultancy well that's a whole different ball game... Routes are many but the key factor is your expertise developed over some years to benefit managers, etc. In the past the MBA was a "passport", however, with shrewd clients today and deals constructed on a "proof in the pudding" results...simply drumming out what was learned in MBA school will not guarantee a fat assignment fee. As far as safety nets are concerned there aren't any, appart from becoming a medical doctor.

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#3 accountancy qualification not a dream ticket!
29/05/2003 00:00

Tony, Top-Consultant

Tom - if you train as an accountant at one of the big firms like Deloitte, PwC, etc. then further down the line you may well be able to push to be transferred into a consulting or "business advisory" role within the same firm. However, if you're looking to join a "pure" consultancy then you should be advised that accountants in these firms are few and far between. The transition to say a strategy consultancy firm would be quite tough - you'd arguably be better joining these firms straight away and working your way up... or doing a couple of years in a strategic / analytical role at a blue-chip company and then moving into consulting. Hope that helps & good luck, Tony

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#4 Re: Some Advice Please!
04/06/2003 00:00

Andrea

Tom,

My experience has been that recognized, professional designations are a good idea in any case (e.g. CA). If you’re targeting for success in management consulting, I recommend a Master's degree. I suggest talking to people who’ve recently completed their CA and are in their first year at an accounting firm, and with new graduates who’ve recently joined one of your preferred consulting firms – your post-secondary institution should be able to help with alumni contacts. You may find a preference based on their experiences. Good luck!

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