Starting Salary for 1st Year Accounting Trainee

RVR

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Don't mean to hijack the thread lol but what about lawyers? Like candidate attorneys. I need to apply for 2020
 

F1ve_Claw

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Don't mean to hijack the thread lol but what about lawyers? Like candidate attorneys. I need to apply for 2020
Depends on where you get in. Have seen as low as R3k a month to 20k for a 1st year C A
 
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SaadiqC

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Don't mean to hijack the thread lol but what about lawyers? Like candidate attorneys. I need to apply for 2020
A friend of mine did his law articles at Norton Rose, he got paid close to 25k first year I think, and ended on around 30k. But you work like a dog.
 

RVR

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A friend of mine did his law articles at Norton Rose, he got paid close to 25k first year I think, and ended on around 30k. But you work like a dog.
That salary is crazy good! Lol although working like a dog is not a position I want to be in. Anyways i heard they quite picky though in choosing candidates so hard to get in.
 

MNik007

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Jan 23, 2019
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Hi all.

I'm not sure if this thread is ongoing, but it's really been helpful in some ways. However I am keen on getting some real, no sugar coating advice.

I recently completed a 4 year degree (2015-2018) in the science field, and due to extremely limited jobs (it was booming when I started studying and flat out became almost non existent on career websites)

I've decided to follow a different career path in the commerce field. I got a firm offer to study bcom acc at ukzn - although I do need a student loan to cover tuition costs.

I just want to find out if I'm making a wise decision, and whether it would be possible to even get a job afterwards be it articles or general accounting? I also have second thoughts incase I get too old to do another degree (currently 21, soon 22). I understand that the course is difficult - but what isn't? I work really hard, and well under pressure.

I have mostly spoken to students regarding this, some of which have not been much help because they themselves don't know what's happening in their current life after studies.

So in short, am I making a wise decision to go ahead with becoming an accountant/CA
 

REAList_1

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Oct 12, 2011
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758
Hi all.

I'm not sure if this thread is ongoing, but it's really been helpful in some ways. However I am keen on getting some real, no sugar coating advice.

I recently completed a 4 year degree (2015-2018) in the science field, and due to extremely limited jobs (it was booming when I started studying and flat out became almost non existent on career websites)

I've decided to follow a different career path in the commerce field. I got a firm offer to study bcom acc at ukzn - although I do need a student loan to cover tuition costs.

I just want to find out if I'm making a wise decision, and whether it would be possible to even get a job afterwards be it articles or general accounting? I also have second thoughts incase I get too old to do another degree (currently 21, soon 22). I understand that the course is difficult - but what isn't? I work really hard, and well under pressure.

I have mostly spoken to students regarding this, some of which have not been much help because they themselves don't know what's happening in their current life after studies.

So in short, am I making a wise decision to go ahead with becoming an accountant/CA
My elder daughter at 32 years old is now earning R1 mill per year specialising in company tax, She has just completed her M.Com.
Tough job with low pay when doing articles (but so are all the jobs).
A colleague of mine with a BSc.Eng went off to do accounting as well. And she was well paid.
The worlds your playground after becoming a CA.
Even though the USA will not accept our CA qualifications...
This job has long hours.
 

MNik007

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Jan 23, 2019
Messages
13
My elder daughter at 32 years old is now earning R1 mill per year specialising in company tax, She has just completed her M.Com.
Tough job with low pay when doing articles (but so are all the jobs).
A colleague of mine with a BSc.Eng went off to do accounting as well. And she was well paid.
The worlds your playground after becoming a CA.
Even though the USA will not accept our CA qualifications...
This job has long hours.
I've heard that the qualifications you receive in SA for accounting is the highest in the world, and you can get a job overseas for it, if you work for one of the big 4??
 

beefymoocow

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Jun 19, 2006
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462
I've heard that the qualifications you receive in SA for accounting is the highest in the world, and you can get a job overseas for it, if you work for one of the big 4??
Yea it's quite easy to get a job. But it's a long road. And you probably hate your article years. I did. after articles at an auditing firm life does get better but you have to work for it. I know newly qualified ca's that are unemployed because their expectations are high and have no post article experience
 

Ecko_1

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Jul 6, 2017
Messages
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The job market is pretty good for CAs. We just hired 2 newly qualifieds in our department that finished articles last year at R500k packages. Articles is rough and low paying. But after that its not hard to find work and you can get into a fair variety of different roles. I'm in my 4th job 6 years after qualifying. I've been in trading, retail, manufacturing and now banking. Each role has been different.

When I was in articles there was a guy in his 40s that decided to quit being a pharmacist and become a CA. He is now a Financial Director in a listed company earning in excess of R2m
 

REAList_1

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Joined
Oct 12, 2011
Messages
758
I've heard that the qualifications you receive in SA for accounting is the highest in the world, and you can get a job overseas for it, if you work for one of the big 4??
Many countries protect their citizens by making entry difficult especially where passing public exams are required.
USA for CAs, Aus and New Zeeland for mining engineering and the RSA for doctors. :)
The better way of achieving this qualification is to get a bursary from an international company where you have to work your bursary back.
My daughter did it this way and she had a far less stress free career than her brother who could not get a bursary in accounting as he is white. But he also became more competitive as well due to the challenges you face as a male in the free world. He became a md of a new company in another country when he was 29, not accounting related btw.
This career is not just about checking books - it is a stepping stone into the world. But you also can stay in a small town and be the local guy checking company books. Nothing wrong with that.
My daughter has just been given a new job evaluating and developing capital tax between aquisitions and mergers (normally $billion projects) across the world. And one of her friends was given the job to develop procedures for customers buying products across the world.
This should motivate you to look at the long term prospects in this career.
 
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cguy

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Jan 2, 2013
Messages
4,771
Hi all.

I'm not sure if this thread is ongoing, but it's really been helpful in some ways. However I am keen on getting some real, no sugar coating advice.

I recently completed a 4 year degree (2015-2018) in the science field, and due to extremely limited jobs (it was booming when I started studying and flat out became almost non existent on career websites)

I've decided to follow a different career path in the commerce field. I got a firm offer to study bcom acc at ukzn - although I do need a student loan to cover tuition costs.

I just want to find out if I'm making a wise decision, and whether it would be possible to even get a job afterwards be it articles or general accounting? I also have second thoughts incase I get too old to do another degree (currently 21, soon 22). I understand that the course is difficult - but what isn't? I work really hard, and well under pressure.

I have mostly spoken to students regarding this, some of which have not been much help because they themselves don't know what's happening in their current life after studies.

So in short, am I making a wise decision to go ahead with becoming an accountant/CA
Which science field?
 

cguy

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Jan 2, 2013
Messages
4,771
Microbiology
Yeah, I can see the issues with that - most of the microbiology jobs also tend to require PhD level qualifications.

Did you by any chance do any computational microbiology? Protein folding, etc.? Getting postgrad qualifications in that may make you more employable as a microbiologist, and have the side effect that you build enough skills to do certain types of software development as an alternative. I know a few people who’s careers bounced back and forth between the two.
 

MNik007

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Jan 23, 2019
Messages
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Yeah, I can see the issues with that - most of the microbiology jobs also tend to require PhD level qualifications.

Did you by any chance do any computational microbiology? Protein folding, etc.? Getting postgrad qualifications in that may make you more employable as a microbiologist, and have the side effect that you build enough skills to do certain types of software development as an alternative. I know a few people who’s careers bounced back and forth between the two.
I didn't do any of that, in fact I did it through DUT and they lack most of the softwares and technology, and the lecturers don't help at all. I've done very basic things in my years, but while studying it, my own lecturers have told us that it's just not worth it anymore since there's no growth and many of them are leaving their professions. Kinda sad for those of us who sacrificed many years of studying, only to get to your final year and have professors tell you that you've made a mistake choosing this field.

Scientists don't get recognized for the work that they do, when it can really change the world. Lol
 

HeftyCrab

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Mar 26, 2009
Messages
2,223
Hi all.

I'm not sure if this thread is ongoing, but it's really been helpful in some ways. However I am keen on getting some real, no sugar coating advice.

I recently completed a 4 year degree (2015-2018) in the science field, and due to extremely limited jobs (it was booming when I started studying and flat out became almost non existent on career websites)

I've decided to follow a different career path in the commerce field. I got a firm offer to study bcom acc at ukzn - although I do need a student loan to cover tuition costs.

I just want to find out if I'm making a wise decision, and whether it would be possible to even get a job afterwards be it articles or general accounting? I also have second thoughts incase I get too old to do another degree (currently 21, soon 22). I understand that the course is difficult - but what isn't? I work really hard, and well under pressure.

I have mostly spoken to students regarding this, some of which have not been much help because they themselves don't know what's happening in their current life after studies.

So in short, am I making a wise decision to go ahead with becoming an accountant/CA
Have you ever been exposed to accounting? If you dont dream about accounting at night, dont go study it.

I would say rather try to leverage your existing degree (e.g. lots of banks take engineering students for roles, even though they dont have a commerce background). Perhaps open a new thread, as more people might read it.
 
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