So the past 3-4 years of studying are behind you and you can now relax knowing the hard work is done and you can now look forward to what career lies ahead.
However the next stages ahead could actually be the platform for developing an excellent career or not.
Justin Barber, Director of Barber McLelland , says that the first job that a newly qualified accountant takes can determine the remainder of their career. There are no doubt a wealth of opportunities for newly qualified accountants to consider, whether this is to remain with their current employer, move to another firm of accountants or new discipline within accountancy profession or a commerce or industry position.
Key for the next move is to plan what you wish to achieve in the short, medium and long term future, considering such things as career promotions, further post qualified training, development of particular accounting or man management skills. By doing so will allow you to start to narrow down your search and to allow you to carefully select the right business and role.
One key mistake which people do experience with the first post qualified move is to be attracted by high salaries and forget many of the above factors. If you take a job purely based on salary and benefits and fail to look at the long term prospects and skills which you will develop, there could be a danger that you limit your options later in your career.
Some organisations may offer fantastic salaries to attract individuals to the role because of how niche that particular business or sector is, but this could potentially limit the post qualifying development process.
People can have a short term view, maybe thinking that they can earn a great salary for 2 to 3 years and then move onto something which they really want to do ‘let’s worry about it later’ scenario, unfortunately this mistake can be very costly!!
Our advice at Barber McLelland to all newly qualified accountants is to not stop learning and developing once they have completed their professional exams. Take advantage of the additional time you now have and develop “softer” skills that an organisation can offer such as business development skills, leadership and management techniques, all of which are so critical to be a successful professional. Also look at in-house technical training and the potential for further studies to enhance your overall skill set.
The great news for newly qualified ACA or ACCA accountants is that they are in high demand with an excellent array of opportunities. Approach the market with a plan and an element of caution which will hopefully result in making the right career choice.
Should you require any advice about the newly qualified accountancy market and options available, please do not hesitate in contacting Barber McLelland on 0114 279 2843 or email justin@bmrecruitment.co.uk.