Some 167,000 PQs have been studying over five years to obtain their professional qualification, according to the latest stats from the Financial Reporting Council. That is 28% of all students signed up with ACCA, CIMA, CIPFA, ICAEW, CAI, ICAS and AIA.
The good news is this figure in down two percentage points on last year.
Some 597, 106 PQs are currently studying with the seven bodies. And, while ACCA has the most students still studying with them after five years, three other professional bodies have a higher percentage of their students stuck with them for five years or more
Some 54% of CIPFA students are still not qualified after half a decade with the institute. The AIA has just over 50% of its students with it after five years, and 35% of CIMA PQs have still not passed all their exams after the same period.
The accountancy body with the lowest percentage of students still studying after five years is ICAS. Just 5% are still studying after this time.
For more from the FRC’s key trend survey see our feature in the latest issue: https://issuu.com/pqpublishing/docs/web_pq_nov22
