ICAEW APPRENTICESHIP

Becomeamazingwith an ICAEWApprenticeship.

Time to expect the unexpected with apprenticeships with ICAEW Apprenticeships are a great way to start working in the sector of your choice, while studying towards a qualification and gaining practical skills – win, win.

By doing an accounting apprenticeship with ICAEW, you’ll develop all the knowledge, skills and behaviours that employers are looking for. It could also be your first step to qualifying as a chartered accountant. Whether you’ve just finished school or university, or are looking to change careers, at any age, we’ll get you there.

Throughout the apprenticeship you’ll be earning a salary and, most importantly, you won’t have to pay for your training at all, as the employer covers the costs – it’s a no brainer.

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ICAEW APPRENTICESHIP

Watch yourself flourish in your dream lifeYou can do two accounting apprenticeships with ICAEW: the Level 4 Accounting Technician Apprenticeship and the Level 7 Accountancy Professional Apprenticeship.

147countries

ICAEW has 157,800 members working in

EARN WHILE YOU LEARN

GAIN A GLOBALLY-RECOGNISED

QUALIFICATION

DEVELOP TECHNICAL AND

PROFESSIONAL SKILLS

IMPROVE YOUR LONG-TERM CAREER

PROSPECTS

ACCESS NETWORKING

OPPORTUNITIES

ICAEW APPRENTICESHIP ICAEW APPRENTICESHIP

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LEVEL 4 - ACCOUNTING TECHNICIAN APPRENTICESHIP

• Study for the ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB).

• Equivalent to the first year of a Bachelor’s degree.

• Typically 18-24 months to complete.

• On completion, you will have a stand-alone qualification. You can then complete some additional requirements to secure ICAEW Business and Finance Professional (BFP) status and progress onto the ACA.

LEVEL 7 - ACCOUNTANCY PROFESSIONAL APPRENTICESHIP

• Study for the ACA Chartered Accountant qualification.

• Equivalent to a Master’s degree.

• Typically 36 to 48 months to complete, depending on prior experience.

• Once you have completed all elements of the apprenticeship, you will need to fulfil some additional requirements of the ACA qualification in order to qualify as an ICAEW Chartered Accountant.

WHAT IT TAKESFor Level 4, there are no set entry requirements but you must have GCSEs in English and Maths (grades A-C/9-4) or equivalent by the time you sit the end-point assessment. For Level 7, the minimum requirements are the same as for the ACA. This includes two A-level passes (grades A*- E) or equivalent, plus three GCSE passes at grades A-C/9-4. Employers may also set their own criteria.

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What does obliterating the field with unbelievable talent look like?Throughout your apprenticeship, you will also gain practical work experience and develop your ethical and professional development skills as part of the ACA.

Another key benefit is that your employer is required to provide you with 20% off-the-job training as part of your apprenticeship. This is any learning that improves your professional development and is undertaken outside of the normal day-to-day working environment but within normal working hours.

Accounting

Accounting

Audit and Assurance

Corporate Reporting

Law

Law

Business Planning

Strategic Business Management

Assurance

Assurance

Financial Accounting and Reporting

Management Information

Management Information

Financial Management

Business, Technology and Finance

Business, Technology and Finance

Business Strategy and Technology

Principles of Taxation

Principles of Taxation

Tax ComplianceLEVEL 4 - ACCOUNTING TECHNICIAN APPRENTICESHIP

LEVEL 7 - ACCOUNTANCY PROFESSIONAL APPRENTICESHIP

ICAEW CFAB (6 MODULES)

ON-PROGRAMME ASSESSMENT

ON-PROGRAMME ASSESSMENT

END-POINT ASSESSMENT

END-POINT ASSESSMENT

ACA (14 MODULES)

Training file and quarterly progress reviews

Training file and six-monthly progress reviews

Portfolio and reflective statement

Project report

Role simulation exam

Case Study (last ACA module)

KEY: Advanced Level Professional Level Certificate Level (ICAEW CFAB)

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ICAEW APPRENTICESHIP ICAEW APPRENTICESHIP

What route to choose?It’s not an easy choice, but whether you choose to do an apprenticeship or go to university, you’ll end up with the same ACA qualification (or sometimes, as part of Level 7, you might even end up doing an apprenticeship or your employer might put you on the ACA). And employers won’t prefer one route over another, so go for it, what have you got to lose?

BECOME AN ICAEW CHARTERED ACCOUNTANT

STRAIGHT TO WORK

UNIVERSITY FIRST

Complete remainder of the ACA2-3 years

Level 4 Accounting Technician Apprenticeship (ICAEW CFAB)

1-2 years

Study any degree 3-4 years

Complete a graduate ACA training agreement

2-3 years

School leaver programme or Level 7 Apprenticeship.

Complete the ACA 2-3 years

*Employer-affiliated degree. Gain work experience and complete ACA modules.

4 years

* This is a degree delivered in partnership with ICAEW, offering practical work experience days and enables further ACA module progression. Upon completing the degree, graduates will finish the remainder of the ACA and any remaining days of practical work experience.

ICAEW APPRENTICESHIP

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ICAEW APPRENTICESHIP

Straight to work

POINTS TO CONSIDER

CAREER GOALS

If you know you want to be a chartered accountant and don’t want to wait around, this is the best option to kick-start your career earlier.

MONEY

By going straight to work, you’ll have the opportunity to earn while you learn, avoiding the expense of university. What’s more, your employer will pay your ACA fees for you. Plus, your salary will increase as you progress through the qualification. Taking this route doesn’t impact on your future earning potential either: there’s only one ACA qualification.

SOCIAL LIFE

If you go straight into work and training, you won’t be missing out on the social part of life, after all, you’ll be meeting plenty of people who are doing the same thing as you. With ICAEW society events and employers’ sports teams, there’s always something fun to get involved in.

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Support when you need it the most‘Coming straight from A-levels into a professional job can be daunting. However, I was provided with lots of support from my employer and ICAEW.’

WHY DID YOU DECIDE TO START AN ICAEW APPRENTICESHIP?I always thought that university was the ‘only’ way towards a successful career. Whilst applying to university I applied for a scholarship with BPP. It was a tough decision but ultimately it was the cost of university that stopped me from pursuing it.

HOW WAS THE MOVE FROM A-LEVEL TO AN ICAEW APPRENTICESHIP?Coming straight from A-levels can be daunting. However, I was provided with lots of support from my employer and ICAEW. The best thing in comparison to life at school is that you can focus on work and social events. You always get to join in with the fun!

WHAT’S THE BEST PART OF YOUR JOB?There’s a huge opportunity for continuous growth. You are given more responsibilities as your experience grows. This makes the job challenging but highly rewarding.

To find out more visit icaew.com/apprenticeships

Job title: Senior Auditor Employer: EY

Tooba Siddiqui

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Become an ICAEW Chartered Accountant

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Chartered accountants are talented, ethical and committed professionals. There are more than 1.8m chartered accountants and students in the world, and more than 187,800 of them are members and students of ICAEW. All of the top 100 global brands employ chartered accountants.*

Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor over 12,000 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct. We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.

ICAEW is the first major professional body to be carbon neutral, demonstrating our commitment to tackle climate change and supporting UN Sustainable Development Goal 13.

We are proud to be a founding member of Chartered Accountants Worldwide, a network of 750,000 members across 190 countries which promotes the expertise and skills of chartered accountants around the world. We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.

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