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The basic elements of a Formal Career Plan for a Newly Qualified Chartered Accountant in 2025.

Feb 07, 2025

To pass your CAP 2s and FAE exams in 2024/25 you need to be implementing a rigorous study plan during the year and as you approach qualification an ACA finalist will need to implement the same approach and format to your job search and career planning.

If you don't structure your job steps through a considered strategic plan you risk your career pathway making random jumps and just falling into opportunities.

Here are a few suggestions to help you build the beginning of your effective long-term career plan :

  • In 10 years as an FCA what role do you think you will want to be settled into ? What does this picture look like ? – Map it out for yourself in detail..
  • At 5 years PQE (Post Qual Experience) what role do you anticipate holding? It should be a good springboard to your 10 year target. It should be in line with the Career Pathway map - https://www.charteredaccountants.ie/Career-Pathway
  • Do an honest skillset audit – Document the skills you are proven to be strong on and identify what you are lacking and will need to shore up / develop if they are important to your 5/10 year plan
  • Speak to people – constantly! - make your career-map part of your business conversations and put your ambition to go out there in a particular direction with people.
  • Document your plan – write it down – keep a detailed spreadsheet- track and analyse it like a full ongoing long-term project that you give monthly priority to. (I have seen very average performers reach lofty career heights by giving sufficient time and attention to their career projects and ambitions – don’t put it low on your to-do list).
  • If you aim to move after qualifying then take a look at the key actions and considerations here : https://www.charteredaccountants.ie/docs/default-source/careers-recruitment-dept/ca-jobs-checklist.pdf?sfvrsn=2
  • Start meetings with a few mentors and document the tips they give you in your Career File.
  • Build your personal brand both in work and online / LinkedIn
  • Start to build your personal network in line with key career influencers
  • Put a slot in your diary each month to spend a few hours on your Career project.

There is of course a lot more to building a formal career plan but these are a few initial considerations and initial building blocks to put in place.

Once you qualify make sure you connect with your ICAI Careers Team to map out the rest of the plan and review the wide variety of ACA paths and market opportunities.

Dave Riordan (ACA)

Recruitment Specialist & Career Coach

https://www.charteredaccountants.ie/Career-Pathway

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