It's a great route Jack. Go for it. The experience you earn will be worth more than the salary you lose. I suppose your ability to get a well paid job will depend on the market and your own ability but it should do you no harm. Chartered Accountants with INTEGRITY like Bandage are loaded.
Chartered Accountancy is a wonderful journey and I recommend it very highly. The big 4 actually prepare glossy brochures to attract the best graduate candidates every year and they usually request the brightest, best and most successful former trainees to provide a quote of recommendation. I am thrilled to announce exclusively on TFK that the audit partner that I worked under has been in touch seeking my contribution to the 2011/12 glossy graduate hire brochure. What an honour.
Fantastic news Bandage, I knew you were in the running.
Poor KIB Man still pretending he enjoyed his "eye opening" experience in London.
Go for it Jack. Hours can be a bit shit relative to the pay when you're training but it's excellent experience and employment opportunities afterwards are excellent. It can be a bit like an extension from college with lots of people around the same age. Some arseholes obviously but you'd get to meet loads of people you wouldn't normally meet - for example the tallest man I've ever seen is a Chartered Accountant.
Didn't know the college vibe had more or less finished. Probable knock on implications would include less sniffy finger opportunities with female trainees so Captain Jack should factor that into his thinking also.
As an FYI - I don't think the experience has changed much from ClarkeyCat/Bandage's time, there's still very much a college culture among the trainees, there's just not as many sponsored booze events as before.
briantinnion has called this one spot on, the fourth level college thing buzz is still there but less free booze than back in the mid 00s. Although 1 or 2 of the big 4 are ridiculously busy and are throwing around a few free pints to keep the minions happy-ish.
If you're happy enough with what you've seen during your co-op I'd commit to getting the qualification. As the others have said it's a great qualification to have and you'll still be quite young when you're qualified(unlike me for example but everything's relative). If you don't fancy it then you can fuck off and do something else, or travel and get work relatively easily.
The exams have changed since the other CAs on here sat them and are way fucking harder now with pass rates between 30 and 50%. Looking at the past papers from the old syllabus its easy to see why the country is in the mess it is with some of the clowns that scraped through the handy exams calling the shots.
CAP2 is a proper cunt of an examination. Doing the masters gives you an exemption from that so it may be worth it, particularly if they'll pay for it which I presume they would. Then again it's a tough enough year and a few punters I know who came from the masters struggled badly with the case study nature of the new FAEs, which is ridiculous because there's a full year to adapt but people who'd gone through it at CAP2 grasped it a bit easier. There's plenty of study leave so it's well doable.
My preference would be to go straight into the job but it depends on how much you like college I suppose.
At the end of it all you'll join and elite club with Rocko, briantinnion, Bandage, farmy and Clarkeycat. Truly a wonderful feeling.
It's on nights like tonight when I'm experiencing crushing disappointment that I cling to my chartered accountancy qualification for solace. What a privilege and joy to be a member of this dignified body of people.:clap: