How to Become an Accountant in Ireland: Your Ultimate Guide
Embarking on a career in accounting in Ireland is a rewarding path that offers excellent opportunities for growth, job stability, and financial success. Whether you’re just starting your journey or considering a career change, understanding the various educational and professional routes is essential to becoming a successful accountant in Ireland.
Starting with a Diploma: A Fast Track to Accounting
For many aspiring accountants, the journey begins with a Diploma in Accounting and Finance. This qualification is equivalent to NFQ Level 6 (mapped to EQF Level 5), providing essential skills in accounting principles, bookkeeping, and financial management. This diploma is ideal for those who wish to enter the accounting field without committing to the time or cost of a full degree programme.
The Bachelor’s Degree Route
For those looking for a comprehensive education in accounting, pursuing a Bachelor’s Degree in Accounting is a popular choice. This degree typically takes 3-4 years to complete and covers in-depth topics such as taxation, auditing, and financial reporting. A degree is essential for those aiming for senior roles or pursuing further qualifications, such as ACCA.
While a bachelor’s degree offers a thorough education, it might require sacrificing working hours. However, some universities and colleges offer part-time or evening study options.
ACCA: The Gold Standard
The ACCA qualification is widely regarded as the gold standard in the accounting profession. This globally recognised qualification allows accountants to work in many different sectors and countries. ACCA students can expect to learn about financial accounting, tax, law, and auditing.
One of the benefits of pursuing ACCA is that you don’t need to have a degree to begin. Many firms in Ireland offer sponsorship for ACCA studies, making it an attractive option for career progression.
Learn more about studying ACCA in Ireland on the ACCA Global website.
Starting from Scratch: NFQ Level 5 in Accounting
If you don’t have the necessary qualifications to start with an NFQ Level 6 course or a degree, you can begin with an NFQ Level 5 Diploma in Accounting (mapped to EQF Level 4). This entry-level qualification covers foundational skills in bookkeeping, accounting systems, and payroll. It’s a great option for career changers or those looking to build up their qualifications while continuing to work.
Mastering Your Craft: The Master’s Degree in Accounting
For those aiming to reach the top of the accounting profession, pursuing a Master’s Degree in Accounting can open doors to senior positions, including roles as financial controllers or chief financial officers (CFOs). A Master’s degree offers advanced training in financial strategy, corporate governance, and high-level financial analysis.
However, many professionals opt for the ACCA qualification over a master’s degree, as it offers similar opportunities for career growth but is more globally recognised.
Accounting Qualifications in Ireland: Levels, Roles, and Salaries
Here’s a breakdown of the qualification levels, the roles you can expect at each stage, and the average salary in Ireland:
| Qualification Level | Typical Role | Average Salary in Ireland |
|---|---|---|
| NFQ Level 5 (Foundation Diploma) |
Accounts Assistant | €25,000 – €30,000 |
| NFQ Level 6 (Diploma) |
Junior Accountant, Bookkeeper | €30,000 – €40,000 |
| Bachelor’s Degree (NFQ Level 7/8) |
Financial Accountant, Audit Assistant | €40,000 – €55,000 |
| ACCA (Professional Qualification) |
Senior Accountant, Auditor | €55,000 – €70,000+ |
| Master’s Degree (NFQ Level 9) |
Financial Controller, CFO | €70,000 – €100,000+ |
For more detailed salary information, you can check out our Ireland Salary Guide 2024.
FAQs on Becoming an Accountant in Ireland
1. How long does it take to become an accountant in Ireland?
The length of time depends on the route you take. Starting with a diploma may take 1-2 years, while a bachelor’s degree typically takes 3-4 years. ACCA qualification requires passing 13 exams, which can take 3-4 years, depending on your study pace.
2. Is a degree necessary to become an accountant in Ireland?
No, a degree is not always necessary. You can start with an NFQ Level 5 or 6 diploma and progress to ACCA without having a degree. However, a degree can be advantageous if you’re aiming for senior roles or wish to pursue further academic qualifications.
3. How much does it cost to become an accountant?
The cost varies depending on the route. Diplomas are generally more affordable, with the NFQ Level 6 Diploma in Accounting and Finance costing around €220 per month. ACCA fees vary by exam entry and administration; see more on ACCA’s Ireland page.
4. Is ACCA better than a Master’s degree?
Both ACCA and a Master’s degree in accounting have their advantages. ACCA is more widely recognised globally and is often preferred by employers, especially for technical accounting roles. A Master’s degree, on the other hand, can be useful for strategic financial roles.
Conclusion: Choosing the Right Path to Become an Accountant in Ireland
Deciding how to become an accountant depends on your current qualifications, career goals, and personal circumstances. Whether you choose to start with a diploma, pursue a degree, or aim for the ACCA, there are numerous paths to suit your ambitions.
For more information on accounting courses and qualifications, visit our Courses Page, or Contact Us for guidance on choosing the best route for your accounting career.
