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Master of Accountancy

  • 20-09-2007 2:23pm
    #1
    bananarepublic
    Closed Accounts Posts: 87 ✭✭


    Question is there any point in doing a Master of Accountancy after college. Regardless if a company pays for it or not.

    I am under the impression it still takes a further 3 years to become a chartered accountant anyway. the only difference i see is that you dont take 2 exams. Is this correct. Therefore how does it still take 3 years part time plus one year full time doing a masters to be come qualified.

    Therefore would one be better taking a job and doing the caf1,caf2,caf3 part time in the evening , getting it paid for my the company plus study leave straight out of college rather than taking the offer of doing a masters of accountancy.

    cheers for the help


Comments

  • #2
    Newaglish
    Registered Users, Registered Users 2 Posts: 2,734 ✭✭✭Newaglish


    Yeah, it's personal choice really - the way it works is:

    If you don't do a masters, you have a 3.5 year training contract and will have to sit CAP1, CAP2 and FAE exams. You may already be exempt from all or part of CAP1, depending on the subjects covered in your course.

    If you do a masters, you have a 3 year training contract and will only have to sit FAE exams.

    I wouldn't advise a masters unless you really like being in college. It makes no difference otherwise - it actually takes longer to qualify if you stay to do the masters (6 months extra). Also, exams in work aren't too bad (lots of time off, etc. plus bonuses for passing)


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