Questions about ACCA’s employment abroad.

The employment prospects of ACCA are so good? Why are there not many people taking the exam?

There are several reasons why fewer people take the ACCA exam:

1. They are daunted by the difficulty of ACCA. Because ACCA is generally more difficult, some students who are afraid that they will fail the exam may give up taking the ACCA exam at the beginning.

2. There is a lack of progress in ACCA’s English requirements. Because ACCA is an all-English exam, many candidates who are not confident in their English simply choose to give up.

3. I am afraid that the ACCA exam will last too long. ACCA takes 13 of the 15 exams, and the normal duration is 3-4 years. Many candidates feel that they cannot persist for that long, so they choose to give up.

The editor of Gao Dun will introduce to you the employment prospects of ACCA:

1. The Big Four Accounting Firms

All the Big Four Accounting Firms I like ACCA students very much. Even if I don't pass all the subjects, ACCA still has an advantage in the interviews of the four major universities. After working in the Big Four for 3-5 years, there is a high hope of going abroad to study business school or transfer to a high-threshold industry such as consulting and investment banking, so it is known as a "talent springboard."

The "Big Four" have two positions: auditing and consulting. The consulting salary is slightly higher than that of auditing. General reference salary for newcomers: PricewaterhouseCoopers 100,000 RMB/year, plus business travel subsidies and bonuses, it may reach 130,000 RMB/year. Those who often work outside may be close to 160,000 RMB/year. The other three are all better than PwC The road is slightly higher. As the working hours increase, the salary will also increase rapidly.

2. Domestic accounting firms

The salary of domestic accounting firms, which account for the majority of the industry, is slightly lower than that of the "Big Four", but after working for a few years, the salary is 25-35 There is also a salary of 10,000 years. Moreover, in terms of work intensity, the pressure of domestic firms is correspondingly lower than that of the “Big Four”.

3. State-owned large and medium-sized enterprises

Domestic corporate finance starting salaries are generally not very high. The starting salary for fresh graduates is generally 50,000-80,000 yuan in the first year, but if After becoming a financial director or manager, the annual salary can reach 300,000. For those with ACCA qualifications, career development will be very fast, and salary increases will also be large.

4. Some large foreign companies with very high employee benefits

The salaries in foreign companies may not be as high as those in investment banks and consulting companies, but fortunately, job responsibilities are clear and personal training is provided. The diversity of prospects is far greater than that of investment banks, and the practicality is greater than that of consulting companies, which is very beneficial to future business work. Moreover, the work intensity of foreign companies is generally much lower than that of investment banks, and it comes with many training opportunities, which can be said to be very cost-effective.

The reference salary of some large foreign companies (different departments often vary greatly, whichever is higher in the first year): P&G marketing or finance department 70,000-100,000 RMB/year, Maersk 100,000 -200,000, Mars is about 120,000. Johnson & Johnson and Unilever are slightly lower than P&G.

5. Foreign commercial banks or universal banks

For example, ABN AMRO, Industrial Bank, HSBC, Barclays, etc., the gap between their investment banks and commercial banks is not very big, but There are also certain differences in each department, and they are often much higher than ordinary consumer banking and insurance positions. In any case, these foreign-funded universal banks give people more comprehensive training than investment banks, and the probability of switching between various departments is greater, so the future may not be as good as that of investment banks or consulting companies.

Reference salary for foreign-funded universal banks: investment banking positions can reach 400,000-800,000 RMB/year, commercial banking positions can reach 70,000-120,000 RMB/year, and the better ones may reach 200,000 RMB/year. Year.

6. Foreign investment banks

Specifically refers to Goldman Sachs, Morgan Stanley, Citigroup Global Investment Bank, Lehman Brothers, Deutsche Bank, Credit Suisse First Boston, UBS Warburg The first-class overseas investment banks, etc., all have representative offices or branches in China. Investment banks recruit graduates in China in different working locations such as Tokyo, Hong Kong, Singapore, Beijing, and Shanghai.

Investment banking reference salary (first year graduate student, undergraduate student may be slightly lower): Goldman Sachs Tokyo 900,000 RMB/year, Deutsche Asia Pacific 750,000 RMB/year, Morgan Stanley Beijing 250,000 RMB/year year (year-end dividends are calculated separately).

When competing with job seekers of the same qualifications, it is very important to have an ACCA International Accountant Certificate. ACCA subjects include business strategy, risk analysis and other contents, which are extremely convincing for investment market practitioners, and this certificate will also become your secret weapon for entering investment banks.

7. Joint ventures or Chinese-funded investment banks

Including CICC and Gaohua Securities, Bank of China International can barely be counted as one. In fact, CICC is equivalent to the Chinese branch of Morgan Stanley, with extremely high wages. Gaohua is equivalent to the Chinese branch of Goldman Sachs. It has been established recently and its future is still unclear. You can refer to foreign investment banks for wages, which are generally slightly lower.

8. Foreign consulting companies

Specifically refers to first-class overseas consulting companies such as McKinsey, Bain, Boston Consulting Group, Monitor Group, Mercer, Accenture, etc., which can be divided into Management consulting, investment consulting, human resources consulting, market consulting, technical consulting and other sectors. The salary gap between consulting companies is relatively large, but you can get a substantial salary increase after working for 3-5 years. The salary of a senior consultant is second only to investment banking in the financial field. But the working hours are much less than those in investment banks.

Reference salaries at consulting firms: McKinsey and Bain 150,000-200,000 RMB/year, Roland Berger 100,000 RMB/year, and the rest are in between. The salary increases by RMB 100 in the second year and RMB 50-100 in the third year. After three to four years, the annual salary can generally exceed RMB 500,000.

9. Internet companies

Everyone must know the current salary of Internet companies. Fresh graduates basically have a monthly salary of 1-2w, and the current chief financial executive of Alibaba - Wu Ms. Wei is a senior member of ACCA. Over the years, ACCA has provided many international accounting talents to Alibaba, and they have become indispensable and important managers in Alibaba's financial positions. They are not only Alibaba, Tencent, Huawei and other domestic high-tech companies, but also foreign companies such as Google. Very much recognized by ACCA.

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