EDUCATION

7 Places Where Accountancy Students Can Do Their SIWES/Industrial Training (I.T)

Places Where Accountancy Students Can Do Their SIWES/Industrial Training (I.T)

The Students Industrial Work Experience Scheme (SIWES) is a crucial part of the educational journey for accountancy students in Nigeria. It provides an opportunity to gain hands-on experience in real-world environments, bridging the gap between theoretical knowledge and practical application.

As an accountancy student, choosing the right place for your SIWES is essential for developing the skills and insights necessary to thrive in the industry. Here are some top options for accountancy students in Nigeria to consider for their SIWES or industrial training.

1. Audit and Accounting Firms

Top Choices:

KPMG Nigeria
PwC Nigeria
Deloitte Nigeria
Ernst & Young Nigeria
Grant Thornton Nigeria

These firms are part of the “Big Four” and other leading global professional services networks. They provide students with exposure to various aspects of auditing, tax, advisory, and consulting services. Working in these firms can help students develop a deep understanding of financial reporting, internal controls, and regulatory compliance.

2. Commercial Banks

Top Choices:

Guaranty Trust Bank (GTB)
Zenith Bank
First Bank of Nigeria
Access Bank
United Bank for Africa (UBA)

Interning at a bank allows accountancy students to gain experience in financial analysis, risk management, and customer relations. These skills are vital for anyone looking to work in the financial sector. Banks provide a dynamic environment where students can learn about financial products, services, and regulations.

3. Government Ministries and Agencies

Top Choices:

Central Bank of Nigeria (CBN)
Federal Inland Revenue Service (FIRS)
Budget Office of the Federation
Nigerian National Petroleum Corporation (NNPC)
Nigerian Ports Authority (NPA)

Government institutions offer a unique experience in public sector accounting and financial management. Students here can learn about budget preparation, fiscal policies, tax administration, and public finance management, which are crucial for careers in government and public accounting.

4. Manufacturing Companies

Top Choices:

Dangote Group
Nigerian Breweries
Nestlé Nigeria
Unilever Nigeria
Flour Mills of Nigeria

Manufacturing companies provide exposure to cost accounting, financial planning, and inventory management. These experiences are valuable for understanding the financial workings of large-scale production companies, helping students to develop skills in analyzing production costs and efficiency.

5. Telecommunication Companies

Top Choices:

MTN Nigeria
Airtel Nigeria
Globacom
9mobile

Telecom companies are major players in Nigeria’s economy, and interning with them offers insight into financial management within the tech industry. Accountancy students can learn about the financial aspects of network management, customer service operations, and the implementation of new technologies.

6. Non-Governmental Organizations (NGOs) and International Agencies

Top Choices:

United Nations Development Programme (UNDP)
World Bank
Oxfam Nigeria
Red Cross Society of Nigeria
ActionAid Nigeria

NGOs and international agencies are excellent choices for students interested in working in the non-profit sector. These organizations often require meticulous financial reporting and compliance with international standards, providing a unique experience in donor fund management and financial accountability.

7. Educational Institutions

Top Choices:

University of Lagos
Obafemi Awolowo University
University of Nigeria, Nsukka
Covenant University
Lagos Business School

Working in educational institutions provides accountancy students with the opportunity to engage in financial administration, budgeting, and payroll management. This option is particularly suitable for those interested in academic or administrative roles within the education sector.