How much do ACCA Undergrad students earn on their first jobs?

[fasugg]

I'm going to be going to LUMS for my Acounting and Finance undergraduate degree next year. Just wanted some info about what prospects i'll have once i graduate.

 

[Radz]

Depending upon how well you can understand and do work after completing ACCA. In pakistan you can expect 40k+ , I have seen experienced and professional ACCA people earning upto 150k-200k per month abroad, but offcourse it takes time & experience to reach at that earning level.

 

[limpix007]

shuru shuru me to zada kuch nahe miley ga .... lekin after you develop experience you can get five figure salary

 

[talalthegreat]

You do know that ACCA and LUMS undergrad are different, right?

 

[fasugg]

You do know that ACCA and LUMS undergrad are different, right?

I do sorry, but apparently both degrees are almost on an equal level.

 

[Pakiyoungster]

I do sorry, but apparently both degrees are almost on an equal level.

sorry my friend u cant compare ACCA member ( 3 years practical experience holder) with BA ACCOUNTING AND FINANCE (lums)..
yes ACCA affiliates and lums grads are quite comparable

 

[fasugg]

My bad then.

Sent from my LT30p using Tapatalk

 

[abobobilly]

[MENTION=57295]fasugg[/MENTION]! ACCA is not a "degree". Its a Certification. In Pakistan, it has been declared equivalent to a M.Com degree (i believe thats when you complete that 3 year work experience as well)

 

[Kashan123999]

So B.S accounting and finance isn't worth it then? Even from LUMS?


Sent from my iPhone using Tapatalk

 

[abobobilly]

So B.S accounting and finance isn't worth it then? Even from LUMS?

Short answer. It'll be worth more than ACCA, in Pakistan.

But,

You are comparing a "Bachelors" Degree ... "Degree" ... with a "Masters Equivalent" certification. There is heck of a lot of difference between the two. ACCAs quality of education is much higher. However, its frowned upon in Pakistan because of ICAPs (CA) monopoly here.

Still, You'll be able to encash yourself much MUCH better because of LUMS.

 

[Kashan123999]

Short answer. It'll be worth more than ACCA, in Pakistan.

But,

You are comparing a "Bachelors" Degree ... "Degree" ... with a "Masters Equivalent" certification. There is heck of a lot of difference between the two. ACCAs quality of education is much higher. However, its frowned upon in Pakistan because of ICAPs (CA) monopoly here.

Still, You'll be able to encash yourself much MUCH better because of LUMS.

ahan thank you so what about doing ACCA/ICMA/CFA/CPA/ICA after B.S ACF from LUMS,i mean ACCA ka to mjhy pta hai 9 papers exempt hojaty hain,5 dene hote hain,so what about giving 5 papers and then intern from a good Firm..? and baqi Accountancy fields ka mainy suna hai after b.s accounting firms waly khood hee training krwaty hain especially ICAEW waghera mein aisa hota hai? what about that?

 

[Aamishaz]

I'm going to be going to LUMS for my Acounting and Finance undergraduate degree next year. Just wanted some info about what prospects i'll have once i graduate.

if u get admission in LUMS and complete ur undergraduate, and graduate from there, honestly u dont need ACCA. ACCA is now on the stage where IT and Computer field was in early 90s. now almost every other graduate and even matric student start preparing for ACCA. (FIA). market is so saturated of ACCA students now that its almost useless to do it as of now. this is 2014. if a student starts his ACCA, it takes a minimum of 3 to 3.5 years to complete studies (yeah i know u can complete ACCA studies in 2.5 years but who do u know that attempted 4 papers in one sitting? any one??? almost NONE!) then u need ur articleship. thats another 3 years. sure u can start it early during studies after some pepers, but believe me that woule not only tripple the burden on u for the articleship and studies but also that would hinder ur sittings in the papers.
after part qualifying (9 papers) the best u will get from intership is like 8-10K MAX! and they will get almost every other work from u in the office. u will have to stay late at the office and do everything u are told to do. u will have to ask people to share the knowledge with u, their experiences their skills but NO ONE WILL TELL U ANYTHING! yes thats the reality in almost 95% of the accountancy firms and banks and multinational companies out there.
and then after 5 or 6 years of shit load of hardwork, do u think u would be the only one doing ACCA in that time? NOPE.
there are already many qualified ACCAs out there.

so, yall be thinking like, hey dude, why u soar about ACCA? well, i have been there. i have done 1.5 years of my articleship. from P.W (u know the rest ) .

my point, dont start it now. its almost dead now. market in pakistan is almost dead for ACCA. my concern is when u study so hard for something so difficult and honestly TOO EXPENSIVE, what u are getting?? a "CERTIFICAION" NOT a DEGREE!!!


in the international market a certification is a certification but a Degree has its value! if u know that u would stay here in Paksitan. dont waste ur money, time and efforts on ACCA.

and let me tell u a ground reality. many many students in pakistan join ACCA cause they think its easy, they will complete in like 2 years and start articleship in the second year and complete within no time. and also because they will get lots of "BURGER GIRLS"

another fact, for instance u fail in any examination, u would not believe it but its true, that u will get so frustrated that u might even leave ACCA altogether. i have seen many people who once failed, got so disappointed they left ACCA.

and its a psychological fact that once u finish ur studies u will feel like , and infact u should feel like, u should be given at least 5 figure starting pay above 50K or something. and why not, u have already spend AT LEAST,

• 1700+ UK Pounds for ACCA fees (Registration fee, CBEs fee, papers fee, annual subscription fee etc)
• 500,000 Paki Rupees (Tuition fee)
• 50,000 to 60,000 Paki rupees (Books, registers, transport etc) [NOT including clothing and recreational money like entertainment, eating out, personal expenses etc!]

that makes it all roughly Rs 86000 and thats just a rough estimate. it surely can increase or decrease but not by that big of a margin.
so think before u start if off!

so, i will recommend to every body who is newly intermediate to avoid ACCA. if;

• u want to save urself from too much hardwork with no so compelling result
• u want to get a proper degree, BBA, BA, BComm etc
• u belong to a middle class family and u dont have a good financing back and dont need to get ur self stuck into something that needs a lot of money, effort, TIME, and lots of BRAINS!

u dont believe what i said, go search market for a finance job, audit and accounting job. most of the times u will find BComm degree holders working there and ACCAs just wandering around for a good job.


now, being part of ACCA, i m not saying its just plain useless to join ACCA. it provides a lot of opportunities. u just need to do ur homework. u have to plan. u need a pretty solid financier. u should definitely have great interest towards maths. anybody who does not have interest in Maths should not even look towards ACCA. its easy in the beginning but it get tougher as u go along. u should know that u will be comfortable to work a lot harder than other fields.
unless, ofcourse u have some one supporting u for easy job, like some relative or someone with ties in good position in an Approved Employer Organization.
but thats very rare and this perk is not available to everyone, right?

PS:

this all was my personal point of view and a very genuine advise-***-suggestion to everybody, based on my experience. ur experience can be better than mine or even worst. i told the ground reality of the market. u can experience it ur self.
and before starting "ACCA" u should know that u belong to a country where its very very easy to attack an INTERNATIONAL AIRPORT and which is undergoing ARMED FORCES OPERATIONS all over the country. do u think any multinational company would continue its operations here, sans new ones coming here for business???
THINK...!

 

[MonoQ]

[MENTION=59744]Aamishaz[/MENTION]
u just nailed it bro.

 

[Kashan123999]

if u get admission in LUMS and complete ur undergraduate, and graduate from there, honestly u dont need ACCA. ACCA is now on the stage where IT and Computer field was in early 90s. now almost every other graduate and even matric student start preparing for ACCA. (FIA). market is so saturated of ACCA students now that its almost useless to do it as of now. this is 2014. if a student starts his ACCA, it takes a minimum of 3 to 3.5 years to complete studies (yeah i know u can complete ACCA studies in 2.5 years but who do u know that attempted 4 papers in one sitting? any one??? almost NONE!) then u need ur articleship. thats another 3 years. sure u can start it early during studies after some pepers, but believe me that woule not only tripple the burden on u for the articleship and studies but also that would hinder ur sittings in the papers.
after part qualifying (9 papers) the best u will get from intership is like 8-10K MAX! and they will get almost every other work from u in the office. u will have to stay late at the office and do everything u are told to do. u will have to ask people to share the knowledge with u, their experiences their skills but NO ONE WILL TELL U ANYTHING! yes thats the reality in almost 95% of the accountancy firms and banks and multinational companies out there.
and then after 5 or 6 years of shit load of hardwork, do u think u would be the only one doing ACCA in that time? NOPE.
there are already many qualified ACCAs out there.

so, yall be thinking like, hey dude, why u soar about ACCA? well, i have been there. i have done 1.5 years of my articleship. from P.W (u know the rest ) .

my point, dont start it now. its almost dead now. market in pakistan is almost dead for ACCA. my concern is when u study so hard for something so difficult and honestly TOO EXPENSIVE, what u are getting?? a "CERTIFICAION" NOT a DEGREE!!!


in the international market a certification is a certification but a Degree has its value! if u know that u would stay here in Paksitan. dont waste ur money, time and efforts on ACCA.

and let me tell u a ground reality. many many students in pakistan join ACCA cause they think its easy, they will complete in like 2 years and start articleship in the second year and complete within no time. and also because they will get lots of "BURGER GIRLS"

another fact, for instance u fail in any examination, u would not believe it but its true, that u will get so frustrated that u might even leave ACCA altogether. i have seen many people who once failed, got so disappointed they left ACCA.

and its a psychological fact that once u finish ur studies u will feel like , and infact u should feel like, u should be given at least 5 figure starting pay above 50K or something. and why not, u have already spend AT LEAST,

• 1700+ UK Pounds for ACCA fees (Registration fee, CBEs fee, papers fee, annual subscription fee etc)
• 500,000 Paki Rupees (Tuition fee)
• 50,000 to 60,000 Paki rupees (Books, registers, transport etc) [NOT including clothing and recreational money like entertainment, eating out, personal expenses etc!]

that makes it all roughly Rs 86000 and thats just a rough estimate. it surely can increase or decrease but not by that big of a margin.
so think before u start if off!

so, i will recommend to every body who is newly intermediate to avoid ACCA. if;

• u want to save urself from too much hardwork with no so compelling result
• u want to get a proper degree, BBA, BA, BComm etc
• u belong to a middle class family and u dont have a good financing back and dont need to get ur self stuck into something that needs a lot of money, effort, TIME, and lots of BRAINS!

u dont believe what i said, go search market for a finance job, audit and accounting job. most of the times u will find BComm degree holders working there and ACCAs just wandering around for a good job.


now, being part of ACCA, i m not saying its just plain useless to join ACCA. it provides a lot of opportunities. u just need to do ur homework. u have to plan. u need a pretty solid financier. u should definitely have great interest towards maths. anybody who does not have interest in Maths should not even look towards ACCA. its easy in the beginning but it get tougher as u go along. u should know that u will be comfortable to work a lot harder than other fields.
unless, ofcourse u have some one supporting u for easy job, like some relative or someone with ties in good position in an Approved Employer Organization.
but thats very rare and this perk is not available to everyone, right?

PS:

this all was my personal point of view and a very genuine advise-***-suggestion to everybody, based on my experience. ur experience can be better than mine or even worst. i told the ground reality of the market. u can experience it ur self.
and before starting "ACCA" u should know that u belong to a country where its very very easy to attack an INTERNATIONAL AIRPORT and which is undergoing ARMED FORCES OPERATIONS all over the country. do u think any multinational company would continue its operations here, sans new ones coming here for business???
THINK...!

I just got disturbed hearing all that and another person testifying your statement by saying nailed it man,i recently got enrolled in LUMS and looking forward to pursue ACF and bhai jaan i really need your help


Sent from my iPhone using Tapatalk

 

[Kashan123999]

Bump.

I have a question: what type
Of jobs i can get after graduating in accounting and finance from LUMS?how much will i get payed,what are the future prospects? What are the other prospects after accounting and finance like i am really interested in doing management accounting so looking to pursue CIMA?what about MBA after accounting and finance? I really don't want to burden my parents much after graduation,and i want to sort of pay them back in 3 to 4 years after graduation...please can anyone help me?


Sent from my iPhone using Tapatalk