I am currently working in as an Assistant Management Accountant in industry and became fully AAT qualified a couple of months ago. I am now looking to progress on to ACA or ACCA which my employer offer study support for but am unsure which one to go for.
I've done some research online and people seem to have lots of different opinions on them. From what I can gather, ACA is the more prestigious qualification and harder but normally more suited to people who are wanting to pursue a career in practice as an auditor? Or is that not necessarily true.
Few queires I have:
- ACA doesn't seem to cover much management accounting and I'm worried that if I do decide to stay in management accounts for a while ACA won't be as valuable as ACCA or is that not the case?
- I thought ACA might be the best option as I may find it easier to pursue a career in practice if I decide that's what I want to go into later on as practices seem to prefer the ACA qualification. However, will it be hard for me to make the transition to practice from industy even if I'm ACA qualified as I have no practice experience?
- If I stay within management accounts or go onto financial accounting in industry will the ACA be more respected by employers and increase career prospects/pay or will it likely not make much difference?
- If I want to get into the Big 4 would it be extremely hard even if I become ACA qualified as I have no Practice experience or a degree?
- ACCA offer a degree whilst you study it with oxford brookes. Overall, if I became ACCA qualified with say a 2.1 with the applied accounting degree they offer, would that be more valuable as opposed to just being ACA qualified?
Very confused which one to pick as they both take a long time to complete and I want to make sure I choose the correct one.
Really appreciate all replies.
Thank you in advance.