Best courses for getting into Fund Accounting?

pog it

Hey there,
I noticed a part time diploma in DBS in Accountancy and Finance.

Could anyone recommend this? Or another course that might be better?

I noticed in a job advert for a fund accountant job in Wexford that a diploma or degree was required. Is a diploma normally enough to get into it?

Also, does anyone know of anywhere I can apply to for work experience.. a bit of voluntary even?

Thanks!

Climber

Hi,

I wouldn't advise you to do a diploma/degree that specialises in something so specific as Fund accounting. What happens if after a few years working in the area you decide that you want to work at something else?

I reccommend that you do a general Business degree.

Any specific fund accounting skills will be given to you when you start working i.e. induction/on the job training.

I wouldn't dream of doing volunteer work! You'd be exploited. Why don't you just get a job in a fund accounting company? there are loads of jobs going at the minute.

Good luck

The CCAinsider

Tipperary Institute were talking about a level 8 accounting and finance degree with a fund accounting option. But any general accounting or commerce degree will do, all of the fund companies have their own proprietary internal systems and will train you up once you start. You may even get in without a degree, and do part time ACCA while you are there.

Mr. Incognito

In my experience Fund accountants will take ANYONE, but commerce is your best bet

shewasoctober

I don't know that they will take anyone, though I'm sure there are some places out there who will. But, when I was applying for trainee position, every fund accountant trainee position advertised wanted someone with a business degree, which I do not have. But, as always, it's worth a try. In terms of a degree, a good business degree would get you started.

I'm not sure how old you, college age or older, or if you have any kind of degree or experience. Your best bet would be to start working on a business degree, possibly with a concentration in commerce, finance, or accounting. I would also consider looking at the ICAI or ACCA websites to see what exemptions are offered for the degree programs you are considering. Keep in mind that many of the Fund Accountant Graduate opportunities require a minimum of a 2.2 in Business/Finance/Commerce.

Good luck. Cheers!

pog it

Thanks guys, that's a brilliant bit of help

turf

Climber wrote: »

Hi,

there are loads of jobs going at the minute.

Good luck

?

The CCAinsider

There are always lots of jobs in fund accounting. It is boring, but well paid. Only do it as a stepping stone to something else, and ideally use it as a stepping stone to doing professional accounting exams or other further education. You will find that most of the people in fund accounting are doing ACCA or similar exams as a way to get out. You will be worked hard, paid well, fully supported in doing ACCA, you will be in a large group of people doing the exact same work and all doing the same professional exams and all looking to get out once they are qualified. The career ladder in fund accounting pretty much stops at Senior Fund Accountant unless you can move sideways within a larger bank. You will probably not even get enough depth of experience in fund accounting to get your training records approved by ACCA to become a member, so you may need an additional year in a more varied job to become an accountant.

turf

i more intend to get into front office.. i signed on for level 1 of the cfa exams now in december. only 700euro and not too big a commitment to i can change my mind and do something else fairly easy.. i dont want to be a regular acountant tho