Advantages: Great way into finance or management Disadvantages: Hard work, takes a long time
can add the letters ACMA after your name. If you can obtain a further three years high level(forming company strategy) you can apply for fellowship and get the letters FCMA after your name.
During qualification you can probably work as an assistant account which has salaries from 16,000gdp upwards(depending on other factors). Gradually as you gain experience and qualifications this increases. It takes a minimium three years to qualify(depending on progress with the exams and suitability of work experience). Once qualified there are many possible careers open. However examples of work are an analyst, a financial controller or general management. There really is no upper limit to salary as many who sit on the boards of large companies have CIMA qualifications.
After you have qualified you will have a broad understanding ...
Advantages: Sky-high career and earnings potential Disadvantages: Hard work and requires effort.
. You then need to research the industry in preparation for an examination question, which might quite simply be: "XXX is looking to invest in Y company. Discuss and recommend..."
After completion of all of these exams, you then need to apply for full membership. For this you need to have evidence of actual work experience to prove that you can not only answer exam style questions, but put them into practice.
Once accepted into the institute, and awarded the letters ACMA after your name, your career options are numerous; from Management Accountant, to Financial Director, and even CFO (Chief Financial Officer.)
I am still currently studying and am about to complete the Managerial phase. This qualification can be studied under varying methods, in varying countries, to suit you: distance learning, buy the books and enter the exams ...
