Academic and Professional Benefits
The aim of this collaboration is to maximize the learning and experience of students through two years of academic studies at UNIC, followed by two years at Bayes, during which they attend Deloitte workshops and also engage in rich internship experiences with Deloitte.
It is ideal for students intending to pursue a career in the accounting profession and financial services industry, be it as Auditors, Tax advisers, Risk management consultants, Data analysts or in any other specialty where financial accounting is a central element.
In view of the constant change in the landscape of the accounting profession and the constant search for innovation and excellence, an innovative package was designed, which intends to equip ambitious students with the knowledge and experience required to maximise their career opportunities and also their earning potential.
This collaboration seeks to provide students with the skills employers in the field are looking for, such as: detailed knowledge of financial accounting, financial reporting, auditing, taxation, risk management, cost and management accounting and financial statements analysis. The academic knowledge, together with practical work competences, will give candidates the confidence to succeed in a wide range of accounting and
business job positions.
Through this collaboration, students can, in as little as 4 years, complete their academic studies and obtain their degree from Bayes– BSc in Accounting and Finance.
Furthermore, they can take advantage of the exemptions they can gain for professional qualifications such as the ACCA and ACA.
This programme would be of particular interest to anyone eager to pursue a professional qualification such as the ACA, ACCA, CFA, ADIT, CMA, CPA and CIA accordingly. This programme provides additional advantages such as exemptions for qualifications for the ACCA and ACA, and automatic registration for the University Student Scheme of the ICAEW and the Accelerate programme of the ACCA.
Professional experience with Deloitte
Equally important to academic degrees and professional qualifications is exposure to the real work experience.
Students enrolled in the international programme in Accounting and Finance will participate in tailored and prestigious business skills workshops delivered by Deloitte professionals. They will also experience the life of Deloitte professionals through the internships offered to them. Students can earn up to 32 weeks (approximately 160 days) of professional experience and knowledge, which is vital for the required practical work element, leading to their elected Professional Qualification. As such, they may be eligible to become a member of a Professional Body (such as ICAEW and ACCA) earlier, as their internship period will count as training experience for their qualification.
Employability and business skills workshops
Students will also attend a number of employability and business skills workshops which will take place during the Summer semester of the 1st year of academic studies with UNIC. These will be assessed workshops and will act as an integral element of training with Deloitte. The areas of focus will be:
- Analytical thinking and problem solving
- Compliance and legislative implications
- Communication skills and working in teams
- Ethical and professional standards in practice
- Innovation and technology topics, such as cybersecurity and cloud computing, fintech, big data and data analytics, the impact of artificial intelligence
- Emotional intelligence
- Professional judgement and creativity in practice
School Apolytirion of at least average 19/20 overall (including 19/20 and above in Maths) or a minimum of AAA in A-Levels (preferably in Accounting, Economics, and Mathematics, or equivalent).
Any Cyprus public school results on individual modules – could be considered as GCE A’ levels, grade A (e.g. final grade 19/20 and above in Accounting, Maths, Physics, Economics).
The number of student places is very limited. Deloitte also reserves the right to select the successful candidates to participate in the practical component of this programme.
An interview and official recruitment process will be organised by Deloitte concerning the practical component.
How it works
Upon commencement of the programme, Deloitte will invite candidates meeting the above degree entry criteria for an interview and skills assessment for the Deloitte internship programme. Successful candidates will then join the programme and will follow the specified semester breakdown. Students will not have the option to select their modules to be attended each semester.
As the Accounting degrees in both UNIC and Bayes follow a flexible credit transfer system (ECTS), credits will be awarded for the Bayes degree, assuming academic courses are completed at UNIC and vice versa.
Throughout the design of these degrees, core topics have been selected to be completed through academic courses, to obtain the maximum of exemptions from specific professional qualifications.
Students will secure internships with Deloitte that will run during the 2nd and 3rd years. By performing well on their internships and by achieving a minimum of 2:1 (Bayes) or 3.5 CPA (UNIC) throughout the degree, students may be potentially eligible for a graduate job offer from Deloitte.
Yearly Breakdown of Study Route
- Full-time study at the University of Nicosia, taking 5 modules in each of the Fall and Spring semesters respectively and 2 modules in the Summer semester.
- Furthermore, over two weeks in June, business and employability skills workshops will run with a focus on areas listed in Academic and Professional Benefits section.
- Full-time and part-time study at UNIC, taking 5 modules in the Fall semester, 2 modules in the Spring semester and 2 modules in the Summer semester.
- Over the Spring and Summer Semesters, students will be, alongside their studies, joining a 16-20 week internship.
- The Deloitte internship ensures confirmed participation, without any preliminary conditions before attending.
- Students have the opportunity to transfer to Bayes Business School to obtain the Bayes Bachelor Degree “BSc Accounting and Finance”.
- Full-time study at Bayes Business School, taking 5 modules in each of the Fall and Spring semesters respectively.
- Over the Summer Semester, students will attend a 12-16 week internship, without any other academic courses.
- By performing well on their internships and throughout the degree by achieving a minimum of 2:1 (Bayes) or 3.5 CPA (UNIC), students may be potentially eligible for a conditional graduate job offer by Deloitte, upon completion of their studies, one level up from where most graduates start.
- Full-time study at the Bayes Business School taking 5 modules in each of the Fall and Spring semesters respectively.
- There would be no further internship during the Summer semester.
- Students can opt to complete their remaining Papers for ACA or ACCA accordingly by attending the remaining modules, leading
to the Professional Qualifications, with Globaltraining, Nicosia.
- This programme is designed for students also pursuing a career in any service line of the Financial Sector. Following their academic studies, participants could secure a job position with Deloitte, while continuing their studies to obtain other professional qualifications, such as; ACA, ACCA, CFA, ADIT, CMA, CPA and CIA.
- Professional qualifications could be sponsored by Deloitte and it is expected that students will need about 1-2 years postgraduation, for their completion of the professional exams leading towards membership.
- Students will also be eligible to become a member earlier than three years, post their academic studies, as the experience gained from their internships can also be taken into account for their required training experience for the designated professional qualification bodies.
Annual tuition fees at the University of Nicosia are €8.880 for EU students and €9.120 for international students for the 2019/20 academic year.
Annual tuition fees at Bayes Business School are £9.250 for EU students and £19.000 for international students for the 2020 intake.
Students opting to also proceed with their professional qualification exams will incur an additional cost depending on the mode of delivery of papers opted.
Other fees such as application, registration etc are not included.
Each Academic Year, the Government of Cyprus accepts applications to provide funding to students. Eligible students are all Cypriot citizens or EU citizens who are permanent residents of the Republic of Cyprus. More information online: www.moec.gov.cy/ypiresia_foititikis_merimnas
Students registered in this programme are not eligible for any further UNIC academic scholarships.
City, University of London provides and recommends a number of funding options to help students meet the cost of university.
Specifically, a Bayes Business School International Scholarship is available. This is a merit-based scholarship for overseas students applying for Bayes undergraduate courses. International students starting a Bayes undergraduate course are eligible for this scholarship, which is awarded based on academic merit: https://www.bayes.city.ac.uk/study/undergraduate/application-and-funding/scholarships
Deloitte will sponsor the internships for students, who could potentially use this income to partially repay their academic fees.