Banks do want part-qualifieds after all

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Contrary to what we wrote a few months ago, one recruitment firm now says banks do want part-qualified CIMA and ACCA accountants after all.

Although recruiters told us banks were getting cold feet about part-qualifieds back in March, recruitment firm Morgan McKinley swears part-qualified accountants from industry and commerce are still all the rage.

Ian Hughes, manager at Morgan McKinley, says it's all down to calibre: "Banks want the best talent available - and by recruiting from major commercial players, quality is not compromised."

Hughes says part-qualifieds from industry and commerce can earn 42k-52k at associate level in financial control, while financial accountants and business analysts have been crossing over for 40k-48k.

"Well-trained part-qualifieds from blue chips appeal because of their hands-on commercial experience," says Laura Kirk of WH Marks Sattin, who adds that retail banks have also shown interest. "The exposure they get - including elements of analysis and financial control - is highly transferable into today's banking arena."

But commercial experience won't guarantee your path into financial services, says Nefino Joannides of Joslin Rowe: "It's vital to demonstrate a genuine understanding of the banking sector," she explains.

Andy Dallas of Robert Half says banks would regard candidates from insurers as having a more natural affinity - but that training in any FTSE 250 company may smooth the path to the City.

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