When the Great Recession hit in 2008, there were far more job candidates than jobs available. Now, as the UK economy continues to recover, job prospects are increasingly abundant. In fact, graduate recruitment at the UK’s top employers is forecasted to reach its highest level this year in more than a decade. In addition to the unemployment rate dropping to 5.4% — the lowest it’s been in seven years — many UK industries, including accounting and finance, are experiencing a shortage of skilled professionals, making the market even riper for job seekers.
According to an article in The Telegraph, there are sound reasons to pursue accountancy qualifications and a career in finance. First, it is a highly useful skillset that can translate effectively into many fields, including law, advertising and more.
Second, accountants and finance experts have greater ability to tolerate market and career peaks and valleys than other professionals. They can rely on the bread and butter of accounting — tax laws, accounting standards and industry regulations — when other, more growth-focused opportunities are less prevalent.
Third, and most convincingly, the current marketplace, which is experiencing a shortage of qualified candidates, offers a very appealing and unique opportunity. Many finance organisations are looking for people to help support their growth-based initiatives and drive productivity. There’s a shortage of qualified candidates due to the recession; and, as reported by many CFOs, many candidates simply don’t demonstrate the technical expertise that is so highly valued in this field. This is where education comes in.
If you’re interested in gaining the skills and expertise needed to achieve success in accounting and finance, especially now while the field is ripe with opportunity, consider earning your Management and Professional Accounting BA (Hons) at CUC Online. This programme is for busy adults either looking to advance within the field or make a career path change. Successful completion of this course can enhance your ability to apply for accounting positions within various organisations or aid career progression. You could also look for jobs such as trainee finance manager or trainee financial controller – positions that have a level of responsibility and good salary prospects.