You’ve put in the long hours and the hard graft and you are now a fully fledged qualified accountant. Congratulations! So, what’s next?
The world of accountancy and finance can seem confusing and scary at times with so much choice that is can be hard to work out your next move.
Do you stick to what you know and remain in practice? Do you move to a financial accounting role - the obvious next step with your experience? Do you try for a glamourous commercial business partner role? Or do you go somewhere in between and aim for FP&A or management accounting? Lots to think about and I’ve not even mentioned tax, treasury, group accounting, or indeed what type of business you want to work for!
Having met with countless newly qualified accountants in your situation over the past 11 years, the best thing to do is;
• Consider your ultimate career goal;
• Be open minded;
• Think about what you enjoy doing; and
• What type of business or environment is best suited to your career goals?
The truth is that your first move from practice may not be to a role that you initially envisaged. Often, it is a stepping stone - so don’t get fixated on a particular role and lose sight of what’s important, and what is actually best for your career. There’s plenty of time to climb the ladder to finance director.
For example, if your goal is to eventually be a commercial finance director, your next role does not have to be in commercial finance. You need to think long term and remember that you have plenty of time to reach your ultimate career goal. Almost all commercial finance directors will have held a reporting focused role at some point. Consider the bigger picture - a broad range of experience will help you get to the top of the finance profession.
Sometimes the best choice is a role that isn’t 100% what you want but offers you exposure to a large/dynamic business with opportunities to progress. Factors to consider:
• What is their track record of progressing people in your situation?
• Have candidates come from a similar background to you?; and
• Where are they now?
So whatever your next step is following your accountancy qualification - be open minded, research the business and not just the role that is on offer, ask the right questions of your recruiter/the employer and consider all the factors that are important to get you where you ultimately want to be.
Remember, there’s still plenty of time to get to that finance director role.
Content TypeMarket Insight Reports
View executive & interim market salaries within the North West region. Download the full North West 2018 Market Insight Report here » EXECUTIVE & INTERIM Job title Salary range Day rate Car allowance Head of Financial Planning £50,000 - £80,000 £350 - £450 £6,000 Financial Controller £60,000 - £90,000 £350 - £500 £7,000 Head of Finance £70,000 - £110,000+ £500+ £8,000 Head of Change/Transformation £90,000+ £500+ £8,000 Finance Director £90,000 - £150,000 £500 - £800 £10,000 Chief Financial Officer £100,000 - £180,000 £800 - £1,000 £10,000 View salaries in other sectors within the North West »
TeaserCommerce & Industry
Content TypeMarket Insight Reports
Part Qualified & Transactional The beginning of this year was busier than usual, with consistent job flow and healthy activity - junior professionals are less worried about moving roles with Brexit on the horizon. New budgets are set at the beginning of the year, and companies were certainly hiring. Newly Qualified 2019 got off to a subdued start, it’s often a challenging period where clients are busy with month/quarter/year end, and recruitment isn’t the priority. In addition to this, the political landscape made employers much more considered about their hiring strategy and we saw 17% less permanent roles being registered. In saying this, as the year has progressed, the volume of roles has increased and the market is buoyant. Our main challenge is that the market is in short supply of candidates. Reasons for this are that Q1 is a busy season for ACAs in practice so they do not have the time to interview, and also many permanent candidates are reluctant to move due to economic uncertainty. Qualified Interim The qualified and interim market enjoyed a successful 2018, with a record Q2 for the business. Albeit a slow start to 2019, the market gained some momentum after January. These peaks and troughs perhaps mirror the political uncertainty around how we are to leave the EU. Despite the turbulent environment, our data points towards a busy recruitment market where we are seeing increases in the number of permanent and interim roles being registered. Considering the UK’s high employment rate and the demand for high calibre individuals, there is an emphasis on engaging with passive candidates in new and innovative ways. INSIGHT: Will IR35 affect your business? Employees in the United Kingdom can be categorised as full-time, part-time, casual, freelance and contract workers, with the self-employed bracket now making up 15% of the entire working population. The number of self-employed workers jumped from 3.3 million in 2001 to 4.8 million in 2017, with a corresponding fall in the unemployment rate showing the overall boost in jobs growth from the rise in self-employment. Download the full Commerce & Industry 2019 Market Insight Report » View salaries and commentaries in other UK regions and Ireland »
TeaserFinance & Accounting
On Wednesday Marks Sattin collaborated with Charlotte Tilbury in Covent Garden to host a networking event for senior finance professionals within the financial services market. The night was a huge success, with emails pouring in from clients complimenting us on our event. The evening was planned around a master class which was hosted by two of Charlotte’s top make-up artists, using one of our clients as a model. They showed all ladies how to create a glam evening look while taking them through the full range of new and existing products on offer. All whist we sipped on prosecco and nibbled delicious treats. After the masterclass the ladies were treated to a personalised mini lesson where they could choose from a lip, eye or skin tutorial using the best products for their skin type. It was great to watch all of our clients get pampered whilst trying out new looks.To end the evening we gave each lady a voucher to redeem on Charlotte Tilbury products, the team took great care of them and walked them around the shop floor to find their preferred products. This event was a great opportunity for us to catch up with some of our hiring managers in a relaxed environment. We learnt about potential new business coming up, current contractor extensions as well as general market information. It was also a great opportunity to network with some future senior finance professionals that we will be working with. We would like to thank everyone that took the time out of their busy schedules to attend, the evening was a huge success and we hope to see you again at another event during the year!
Up to £80,000 per annum
£80,000 - £100,000
Marks Sattin are partnering with a leading manufacturing business in South Wales to recruit a Finance Director.