What are the rewards on qualification?

Now more than ever employers are seeking quality finance professionals for their organisations. Once you have been admitted as a member the Chartered Accountancy qualification will certainly open up an extensive range of job and career opportunities even in the current environment. The Careers Team here in Chartered Accountants Ireland are well placed to see the exciting opportunities that arise for Chartered Accountants even now in a challenging market. We are still being contacted on a regular basis by organisations in practice, industry and financial services, here in Ireland and internationally specifically seeking Chartered Accountants for opportunities at all levels.


Demand for qualified Chartered Accountants

The training you receive to become a Chartered Accountant is well recognised and respected by employers on a global level. It provides you with the foundation from which you can further develop your career in practice, industry and financial services. The demand in the market for qualified Chartered Accountants is constant. The market within the area of practice and professional services has been particularly strong in recent years with many of the larger firms actively recruiting and there is no indication of any change currently.  Similarly, many smaller firms have been building out their teams and have also been consistently recruiting. 


Earning potential

Newly qualified

€45 – 55k depending on: experience, location and sector

Two - three years qualified

€60 - 70k depending on experience

Salary levels for accountants have continued to grow with the market rate for newly qualified accountants currently in the region of 45 – 55k depending on a range of variables including experience, location and sector. Within 2- 3 years of qualification you can expect your salary to have increased to a level of 60 - 70k€ depending on the experience you gain. Therefore you can see that there is a definite return on your investment of time and effort in obtaining the Chartered Accountancy qualification.


Business opportunities

If you decide that you would like to diversify from the area of practice upon qualification, as in excess of 60% of our members do, there is a myriad of choice out in the market. A typical route for a recently qualified Chartered Accountant would be to obtain a role as a Financial Accountant within industry. A role of this nature will provide broad exposure to the day to day running of a finance function and will act as a platform from which to advance your career even further. Many members choose this route with the role of Financial Controller or Finance Director being their target. Ultimately it can even lead on to roles such as CFO or Chief Executive.


data-analytics

Emerging opportunities

An area in particular where there has been a significant increase in demand is for Chartered Accountants with strong analysis and interpretation skills for roles such as Finance or Business Analysts. These positions have a very strong business and commercial dimension to them and allow you to work at the leading edge of the decision making and strategy process for a business. There are currently excellent career development opportunities in this area as many corporates move towards a business partnering model in their finance functions globally.


Banking and financial services

Financial services and banking is another sector which offers excellent career opportunities and rewards for accountants. You can opt for more mainstream financial accounting roles or if you wish to specialise you can also do so by considering areas such are fund accounting, insurance, corporate finance, corporate governance and compliance. The area of compliance and corporate governance in particular has experienced strong growth levels in recent years and this is set to continue with increased regulation.


Your international passport

The Irish Chartered Accountancy qualification is very well respected on a global level including in the UK, Australia, Bermuda and New Zealand. Irish Chartered Accountants can expect that the qualification will open the door to many opportunities abroad also and we as to an international network of Chartered Accountants. If you are interested in global mobility the Chartered Accountancy qualification is your ticket to success.


An unrivalled professional network

As a qualified Chartered Accountant you will become part of a significant professional network, not just in Ireland but also internationally. This network will be an invaluable asset as you look to advance and progress your career providing you with access to a wide range of contacts and opportunities. The qualification undoubtedly provides you with access to an unrivalled professional network which you can leverage to your advantage. Attending events run by the Leinster Society and other district societies as well as by the Young Professionals Committee are the ideal way to meet and connect with other members.


Careers coaching service (free)

A distinguishing feature of the service you receive from Chartered Accountants Ireland when you qualify and become a member is a bespoke in-house career coaching and recruitment service where you can avail of a range of free impartial career supports including access to a panel of over 150 career mentors all of whom are qualified Chartered Accountants. They are available to provide you with invaluable career advice and insights based on their own career experiences.


Professional development

Qualifying as a Chartered Accountant is just the beginning of your career journey and a whole world of opportunities await. To ensure that you are well positioned to take advantage of these opportunities you will need to ensure that your skills and competencies evolve in line with your career. To help you to track your progress you can use our bespoke competency tool which will enable your professional development.


Overview

Ultimately armed with the Chartered Accountancy qualification you are in a position to embark on an exciting career journey where the qualification will open up a myriad of opportunities. With strategic planning, a strong work ethic and a positive mental attitude you can go far.


Have a query?

If you have a query, please refer to our support & services page and contact the relevant department with your query.