Trainee contract or masters for CAP2

Alfred Borden

Well just want everyones opinions in which is perhaps the best and maybe less challenging route to go? offered a masters starting next week but wouldnt mind going out and earning money instead, is it harder to pass CAP2 while working, and is it easier to pass maybe through college?

jus_tin4

If you pass cap 2 you will be a more employable, if you can source a training contract then I would say take it with both arms! It will mean working and studying but you will also be on your way to gain the experience!

I am currently doing the elevation programmes hoping to secure a training contract after this, as my result weren't the strongest and I was unprepared tbh when doing the applications!

So really it depends on what you would be happier doing and what's available to you

Hope that's helps in some way!

Alfred Borden

jus_tin4 wrote: »

If you pass cap 2 you will be a more employable, if you can source a training contract then I would say take it with both arms! It will mean working and studying but you will also be on your way to gain the experience!

I am currently doing the elevation programmes hoping to secure a training contract after this, as my result weren't the strongest and I was unprepared tbh when doing the applications!

So really it depends on what you would be happier doing and what's available to you

Hope that's helps in some way!

Thank you, see i dont feel like doing another year in college at the moment so undecided. What are the elevation programmes? i wasnt too happy with mine either.

TitianGerm

jus_tin4 wrote: »

If you pass cap 2 you will be a more employable, if you can source a training contract then I would say take it with both arms! It will mean working and studying but you will also be on your way to gain the experience!

I am currently doing the elevation programmes hoping to secure a training contract after this, as my result weren't the strongest and I was unprepared tbh when doing the applications!

So really it depends on what you would be happier doing and what's available to you

Hope that's helps in some way!

Hi guys. I'd say agree and if you can get a training contract take it. I graduated in 08 and had a bad second year in college so dragged my results way down and lost my exemptions. I sat my cap 1 last year on the elevation and passed well. I didn't have the money to do all 4 exams on Cap 2 so just did 2 and have those exams in 3 weeks. It's been though but well worth it and lucky enough I managed to get a trainee contract 2 weeks ago !!!

jus_tin4

I'm doing mine through ACA but ACCA do one I believe! It's a tough call! But just think it through is the best advice I can give at the moment as I'm currently just starting this journey! It's a hard one butibelieve it's worth it!

Alfred Borden

thanks for all the advice, was a little confused, think im going to take the year out and work and maybe do a masters next year and then maybe try get a training contract but that will probably change again.

smcgiff

Agree with the advice above re taking a contract if you can.

Accountancy is a practical profession. I see little point taking on a taught masters, lectured by someone who is likely never to have worked outside of academia.

I would always choose an applicant with even a few prof exams and even a little experience over someone that got exemptions through a masters.

freeze4real

Raf32 wrote: »

thanks for all the advice, was a little confused, think im going to take the year out and work and maybe do a masters next year and then maybe try get a training contract but that will probably change again.

I thought you got offered a TC by ey.

smcgiff wrote: »

Agree with the advice above re taking a contract if you can.

How does a TC actually work ?

smcgiff

freeze4real wrote: »

How does a TC actually work ?

It's a bit like an apprenticeship. You start off on low 20's, they give very generous study leave (CAI, not so much the others) pay your exam fees maybe even student fees. You work hard and earn a profession.