Junior Accountant in Need of Advice - Should I quit my job to peruse education?
I'm 24 and currently an Assistant Management Accountant at an SME with over 3 years post university experience. I am studying towards CIMA (Chartered Institute of Management Accountants).
I am considering handing in my notice without another job lined up and taking some time out so either 6 months by which time I'd be a part-qualified accountant (worth 35k starting) or take a full year off work and just get the qualification done (starting 45-50k).
My current job pays a measly just under 22k when I've seen similar assistant accounting roles with a few years of experience paying 28-30k in my area. My job since it has not been mandatory in recent times is not allowing me to work from home at all and the study support which the recruiter duped me into thinking is fantastic is only the book and a question bank per exam (worth £250..).
As the studying has been difficult and slow with being tired going to the office everyday I feel like I want to finish this ASAP and not spend my 20s declining friends events as I'm "too busy studying this weekend".
I have been good with saving and my investments and current account in total are worth just under £60,000. I live at home, pay £100 a month rent, cheap 10 year old car not on finance and my only other financial obligations are my phone contract and gym membership (food at home).
I understand this is a lucky situation as most people qualify while working (takes forever even in 30s).
I have just tested the water and barely applied and already got 2 final interviews soon. One is a remote job 27k and the other is 1 day a week office the rest remote 30-35k. I am led to believe that finding a job in south-east UK in my field isn't a problem.
Would it be wise to quit my job (With my savings the juice time wise isn't worth the squeeze at this job) and study full time using my own money to fund classrooms even it if sets me back 6-7k in total and then just get a better job (or even while studying)? Or do you guys suggest not taking time off? My only concern is the potential "Career Gap" future employers may see. But with minimal time and study support I am so tempted just to get it over and done with and move on with my life.
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