Practice or industry? This is the vital career decision most newly-qualified accountants face as demand increases for their skills. Newly-qualified accountants are often keen to explore the opportunities available to them after qualifying, and for many this means making the move into Industry.
According to Hays it is estimated 60% of newly-qualified accountants working in practice will make the move away from the more 'traditional' accounting roles, opting to pursue opportunities within industry where they can benefit from a challenging varied role. The common perception amongst those taking the 'commercial finance route’, is that only Industry offers these opportunities; however this is not always the case.
There are plenty of opportunities within practice to follow diverse career routes, and employees can consider jobs that have a similar commercial nature to those they would get in Industry. Practice also offers a newly-qualified accountant the opportunity to work with a wide range of clients across all industries; giving them exposure to a wider pool of sectors and companies, enabling them to their technical knowledge up-to-date. There is also the opportunity to specialise in a number of different areas and to build a track record and deep expertise in a sector or skill base.
For newly qualified accountants, the dilemma they are faced with, and the decision they must make, will help shape the rest of their career in finance and business.
For more information, you can access the full recording of our webinar entitled; Skills to future proof your career as much as possible.