The ICAEW and PricewaterhouseCoopers have developed an accountancy degree that will cut the time it takes to qualify as a member of the institute to just one year after leaving college.
Students on the four-year sandwich course, which opens next September at the University of Newcastle-upon-Tyne, will be attached to a PwC office for work placements.
After obtaining their business accounting and finance degrees, graduates will need to complete just one more year of training in order to qualify as chartered accountants.
Brian Chiplin, executive director of education and training at the ICAEW, said: ‘This new entry route gives students the flexibility which they increasingly require, while helping them to gain a leading business qualification.’
PwC held talks with other UK accountancy bodies, including ICAS, but said only the ICAEW was able to meet the timescale that the firm and the university wanted. Caragh Merrick, partner at PwC, said: ‘By enabling students to complete some of their professional qualification before they graduate, this degree programme allows students to sample the industry and gain constructive work experience.
It also minimises any doubling up created by some academic studies and professional training.’
Newcastle University’s website is at www.ncl.ac.uk.
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