Jobs and Careers Winter 2022/23 - 172

to handle tricky issues such as recovering
debts or starting legal action.
What qualifications do I need? There
are various routes in, including degrees
and diplomas in business, finance or
accounting. Apprenticeships are also
available if you have good enough GCSEs.
Advanced qualifications are available
from the Chartered Institute of Credit
Management (CICM).
How much can I earn? Gaining a college
diploma or completing an apprenticeship
will let you enter the workplace as a credit
controller on £16,000. If you join as a
graduate you will earn closer to £27,000.
Senior credit managers will earn £50,000.
based in the wealth division of private
banks can earn more than £100,000.
PRIVATE PRACTICE
ACCOUNTANT (PPA)
As a PPA, your duties include preparing
financial statements, business plans and
budget reports, producing accounts,
auditing, managing clients' spending and
costs, filing tax returns and giving tax
advice, helping businesses in financial
difficulty and investigating fraud (forensic
accounting). You'll deal with all these in a
small accountancy practice; in larger firms,
you're more likely to specialise in one area.
MANAGEMENT
ACCOUNTANT
As well as looking after a company's
accounts, management accountants advise
on the financial implications of business
decisions, and prepare reports, budgets,
commentaries and financial statements.
Similar roles are available in the public
and not-for-profit sectors.
What qualifications do I need? Any degree
is accepted, although qualifications in
accountancy, mathematical, management
or business subjects are useful. Professional
accountancy bodies you can train with
include CIMA.
Want a career with six-figure salaries and
massive bonuses? Then finance is for you
What qualifications do I need? You
will often need two A-levels and three
GCSEs grade 9 to 4 (A* to C). You don't
need a degree or maths A-level, but you
must qualify with one of the following
professional bodies: the Association of
Chartered Certified Accountants (ACCA),
the Institute of Chartered Accountants
in England and Wales (ICAEW), the
Association of International Accountants
(AIA) or the Chartered Institute of
Management Accountants (CIMA).
How much can I earn? Salaries start around
£22,000, rising to £50,000 or more with
experience. Partners can expect to earn
more than £100,000.
How much can I earn? Salaries for graduates
start around £25,000 and can increase
substantially after you pass the relevant
professional examinations. An average
basic salary of over £33,600 is usual for
someone studying for a professional
qualification with CIMA, and CIMAqualified
professionals earning, on average,
just over £64,000, including bonuses.
CREDIT MANAGER
Credit managers oversee finance offered by
their company and manage the debts owed.
This means making decisions as to when
to offer credit, checking credit ratings and
ensuring payments are made. You may have
172 /// JOBS & CAREERS /// jobsandcareersmag.com
ACTUARY
They assess the risk of events and their
possible financial implications, in
industries such as banking, investment
management, insurance and pensions.
Using mathematical modelling techniques,
you'll analyse probability and risk, prepare
presentations and reports, and develop new
financial products.
What qualifications do I need? A degree
in actuarial science, economics, maths,
statistics or similar. You'll then have to train
for actuarial exams, with the Institute and
Faculty of Actuaries (IFoA). You can do
this through an actuarial apprenticeship.
It generally takes three to five years to
complete your training, but it can take
up to 10 years to become fully qualified.
How much can I earn? Between £25,000
and £35,000 for a graduate; from £40,000
to £110,000 for senior positions to over
£200,000 for chiefs or partners.
Find out more
* Association of Chartered
Certified Accountants
accaglobal.com/uk
* Chartered Institute of Credit
Management
cicm.com
* Chartered Institute of
Management Accounting
cimaglobal.com
* Financial Conduct Authority
fca.org.uk
* Institute and Faculty of Actuaries
actuaries.org.uk
* Pensions Management Institute
pensions-pmi.org.uk
https://www.accaglobal.com/uk/en.html https://www.cicm.com/ https://www.cimaglobal.com/ https://www.fca.org.uk/ https://actuaries.org.uk/ https://www.pensions-pmi.org.uk/ https://www.jobsandcareersmag.com/
Jobs and Careers Winter 2022/23

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