So I qualified about 10 years ago in a small practice as an ACA. Got made redundant and decided to turn to industry as felt I would enjoy it more, which I have.
fast forward about 10 years and I am a finance manager working for a large company on 60k. I would say this is a commercially focussed/business partnering role. I do like it but there is no further progression here so the only way for me to progress really is to move on.
Going to be honest & upfront. I can’t seem to progress in industry. I have been looking for a year and it’s just not working out. I bash away at things like gaap web and reed. Talk to recruiters. Don’t hear anything back. Have had some interviews but it seems as though they want your experience & knowledge to match their job spec. And I don’t see how that’s possible as all sectors and companies work differently. So unless you find exactly the same company, it is difficult to stand a chance.
As a result of this, I have been thinking about maybe going back into practice on the basis that it should be easier to transfer to different firms and progress that way as audit is audit and accounts is accounts. And maybe I can setup myself one day? As it has been 10 years though, I don’t know if I could get back into practice. I’m so out of touch with accounting standards & tax rules that I couldn’t see myself managing newly qualifieds who know more than me. Most of my time in industry hasn’t required me to have this knowledge.
Basically I am having a crisis and I don’t know what to do. I was always told whilst studying to persevere with those ACA exams as having that qualification will make you really strong in the job market. But I feel like I am back to where I started when I graduated out of university 15 years ago.
Please help me work out what to do with my career? My heart does lie in industry but I can’t stick with this if I am relying on recruiters calling me.
Also as I have forgotten accounting, reporting & tax standards (10 years!) are there any courses I can go on that get you back on track? I’m not referring to CPD courses but courses that can get you back on track as a lot of industry jobs still need it?
Thanks for your help.