The American Institute of Certified Public Accountants (AICPA) and Chartered Institute of Management Accountants (CIMA) have announced the introduction of the Registered Apprenticeship for Accounting and Finance Associate.
This programme aims to bolster the accountancy talent pipeline by providing an “earn and learn” opportunity for new recruits or those seeking to upskill in entry-level roles.
The newly launched AICPA and CIMA programme allows apprentices to work with participating organisations while receiving instruction through the CGMA Finance Leadership Programme.
It provides on-the-job training, a progressive wage scale, and mentorship.
The Accounting and Finance Associate Apprenticeship Programme offers advantages to both students and organisations.
It enhances social mobility by attracting a broader range of candidates earlier in their careers, and in addition it promotes retention by encouraging apprentices to stay with the employer post-apprenticeship while also enabling incumbent employees to upskill for different roles within the organisation.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFurthermore, the programme provides a bridge between education and employment by identifying promising candidates early and delivering accelerated, competency-based training.
To be eligible, candidates must be at least 16 years old and possess a high school diploma.
AICPA & CIMA Business Engagement and Growth executive vice president Tom Hood said: “The battle for talent is increasing, making the need for more skilled accounting and finance talent even more pressing.”
This apprenticeship is described as stackable, leading into the Registered Apprenticeship for Finance Business Partners Programme or following the Youth Apprenticeship Programme.
The Finance Business Partners Programme is said to be the nation’s first of its kind and registered with the US Department of Labor.
It aims to create a pool of engaged candidates for employers to develop skilled, long-term employees.
Additionally, the Youth Apprenticeship Programme, supported by the Maryland Works Grant initiative, partners with industry leaders in finance to establish a talent pipeline for high-demand fields.
