Why Some Newly Qualified ACAs Move and Others Keep Searching

The job market remains challenging for those looking to leave practice. Since the start of the year, I’ve met with over 200 newly qualified accountants exploring their first move into industry and have spoken with many more. A common theme? Despite strong CVs and motivation to move, many are still searching for the right opportunity months later.

So, what differentiates those who successfully make the move from those still looking?

1. Speed is Half the Battle

In a quieter market, where there are far more candidates than roles, speed can make all the difference. Most shortlists are pulled together within 48 hours of a role being released, so waiting until the weekend to respond could mean missing out entirely.

I know how demanding audit can be, and I don’t say this lightly, but moving quickly really does matter right now. Being proactive, even if it’s just a short “yes, I’m interested” reply, can often be the deciding factor.

2. Making Connections Matters

I make a point of meeting every candidate I believe I can genuinely help move into industry. When new opportunities arise, the first people I contact are those I have already built a relationship with.

Often that alone is enough to fill a shortlist. If you have not taken the time to connect, you may never hear about the best roles.

I understand the hesitation. There are plenty of recruiters who give the industry a bad name through ghosting, overpromising, or misrepresentation. The key is finding someone you trust and the best way to do that is through word of mouth. Ask your peers who they’ve used and who they’d recommend.

3. Clarity of Direction

You don’t need to have all the answers, this is your first move, after all, but having some direction helps immensely. Are you drawn to Corporate Finance, FP&A, or Financial Reporting? Do you prefer a large corporate or a smaller, fast-paced environment? What about hybrid working expectations or working hours?

Even if these preferences change, having a broad sense of what appeals helps me match you to the right roles. A vague answer like “anything but audit” (understandable as it is!) makes it harder to identify opportunities that truly fit.

In a competitive market, clarity ensures you’re only being put forward for roles you’re likely to be excited by and that you’ll move forward with if offered.

4. Type of Role & Realistic Timelines

Breaking into Corporate Finance typically takes longer than moving into an accounting-focused position. If you’re set on that path, are you taking the right steps such as completing relevant courses, seeking valuations exposure on audits, or applying internally?

Even then, it’s a competitive transition. Consider your “cut-off point”, how long are you prepared to hold out before broadening your search? Leaving it too late can mean you become more senior within audit, which can make it harder to move into commercial or analytical roles later on. Sometimes, a well-chosen “stepping-stone” role is the smartest route toward your end goal.

5. Your CV Matters More Than You Think

A handful of bullet points won’t do justice to three years of audit experience.

The best CVs highlight:

• Key clients and your role on audits
• Specific achievements and responsibilities
• Industry exposure and notable projects
• Qualifications and education

As a rule of thumb, candidates tend to move into industries they have audited. Unless you disliked a sector, targeting familiar industries gives you the best chance of success, especially for commercial finance or corporate finance roles.

In short: the current market rewards those who are proactive, well-prepared, and clear on what they want. Building relationships, responding quickly, and presenting your experience thoughtfully can make all the difference in securing the right move.