A growing number of ambitious professionals in Bangladesh are deciding to take a calculated risk and deviate from the traditional path of earning a bachelor’s degree right out of high school in order to make a different kind of career in the ever-changing landscape of education and employment options. Obtaining the Association of Chartered Certified Accountants (ACCA) qualification as soon as possible after A Level/HSC is becoming more and more popular as a viable and affordable option for anyone interested in a career in accounting and finance.
What is ACCA?
The Association of Chartered Certified Accountants, or ACCA, is your pass to a vibrant profession in international finance. The ACCA credential, which is adaptable and globally recognised, provides people with knowledge of accounting, finance, and company strategy. Beyond the conventional classroom setting, ACCA stands out as a great option for individuals looking for a demanding but fulfilling path to becoming a chartered certified accountant because of its practical focus, ethical standards, and global networking opportunities. With its dedication to quality and adaptable exam format, ACCA offers prospective professionals a special route to successfully negotiate the intricacies of the financial industry and make a name for themselves in a crowded employment market.
Why you should opt for ACCA over a bachelor’s degree?
Economical edge
In a nation where the cost of education can be a significant consideration, selecting ACCA over a traditional university degree provides a considerable economic advantage. Depending on the learning rate, coaching centre, and currency value, the total cost of an ACCA can vary from Tk2,40,000 to Tk4,00,000 during a projected 2.5 to 3 years timeframe.
Time efficiency
While their contemporaries enrol in three- or four-year bachelor’s degrees, ACCA applicants are headed straight for the workforce. Because of the ACCA’s simplified structure, people can finish the entire qualification in 2.5 to 3 years and become both an ACCA and a BSc by the age of 21, which prepares them for an early career entry.
Standing out in a competitive market
The ACCA’s distinct reputation in the financial and accounting industries is evidence of its demanding nature. ACCA applicants are thought to have faced significant obstacles, as evidenced by their global pass rate, which ranges from 35% to 40%. Their persistence is what makes them stand out. In a competitive work environment, employers value the commitment needed to achieve a 50% pass rate on every paper, which sets ACCA graduates apart.
Enhanced opportunities and internships
Employers are more likely to offer coveted internships to ACCA candidates than to their bachelor’s degree peers, which makes the ACCA qualification’s difficulty a benefit. This preference stems from the belief that graduates of ACCA programs have a better grasp of the subject and have demonstrated their ability to handle challenging financial situations.
Pathway to a bachelor’s degree
An additional incentive comes from ACCA’s strategic partnership with Oxford Brookes University in London. Candidates for the ACCA qualification can simultaneously pursue the ACCA qualification and acquire a bachelor’s degree by submitting their thesis to the university once they have completed nine of the 13 papers.
Depth of knowledge
Comparing ACCA’s extensive curriculum to typical bachelor’s programs, the former offers a more focused and thorough understanding of accounting. The extensive and difficult coursework progressively gives students a deep understanding of the subject, producing well-rounded individuals prepared for the intricacies of the financial industry.
In a world where career choices often follow a predictable script, opting for ACCA right after A Level or HSC in Bangladesh is like flipping the script for a blockbuster success. It is not just a choice; it is a strategic game-changer, weaving a narrative of economic savvy, time wizardry, and a passport to a bachelor’s degree. ACCA is not your run-of-the-mill qualification; it is the backstage pass to global finance, where practical prowess, unwavering ethics, and a network that spans the planet reign supreme. This is not just about being practical; it is about embarking on a transformative journey that propels ambitious professionals toward early triumphs in the fiercely competitive world of finance. Choosing ACCA straight after A Level or HSC is not just a step; it is a strategic ascent toward a vibrant, exhilarating, and decidedly rewarding professional future.