The market for newly qualified accountants is the busiest it has been in my five years working in recruitment and you will certainly have some good options available to you should you decide to leave practice. The first job you take outside of practice is an important decision to make, and it is a choice that you should put some serious thought and consideration in to.
What kind of job would I like to do?
As a newly qualified ACA accountant the experience will be attractive to a variety of different employers. Rather than just having the mind-set to take any job that is not external audit, decide what kind of jobyou would genuinely like to do. There is the option to move into financial accounting/financial reporting/financial analysis/internal audit etc. jobs. The first job you move into outside of practice may shape your career for the next 3-5 years. Given the amount of time you have spent studying, working long hours etc. in external audit, it is important that you move into a job type that you will genuinely enjoy and hopefully stay in for a number of years.
What kind of industry would I like to work in?
If you have spent 3-4 years working in audit you will have first-hand knowledge of companies in a variety of industries. Think about companies that you have audited that you would actually like to work for yourself and then target a job in a similar organisation. If you decide to continue your career in Dublin you are lucky in that there are a number of large employers in most industry sectors including Banking, Insurance, Funds and Multinationals. Even Irish owned SMEs and start-up companies are starting to hire again. It will be easier to secure a job in the industry sector that you audited but some companies will see that your skills are transferable and will offer you an opportunity to change sectors. Speak to your recruiter about which companies will give you this option.
Should I stay working in practice beyond my training contract?
Whilst a significant percentage of accountants working in audit will want to leave practice as soon as their training contract expires a lot will want to stay working in practice. This can be a good option for some candidates. You can progress to managerial level, manage larger teams and be exposed to more senior stakeholders in a variety of different companies. This will be advantageous to some candidates in the long term. However if you are not going to be exposed to anything new by staying on in your current role then it may be better to move on.
There is also the option to move to a different accountancy practice on completion of your training contract. Big 4/Top 7 audit firms are always looking to hire good auditor seniors. Changing accountancy practices may give you exposure to new clients and may give you an opportunity to audit clients in a different sector than you are used to. If you qualified in a Top 20 practice it may be a good idea to get a year experience in a Big 4 audit firm if the ultimate aim is to get a role in one of the big multinational/financial service organisations.
What is most important to you in a new job?
All candidates will have different motives for leaving practice. For some they will want to join an organisation big enough whereby they can constantly progress and develop over the next 5-10 years. Others will prefer to go into a role that will offer more variety and more of a mental challenge. For some newly qualified accountants after spending three years working 60 hours a week they will just want a job that will allow them to finish work every day at 5pm. Whatever your motivation, there will be different options available.
If using a recruiter be honest with them and this will result in you interviewing with the most appropriate companies for your skill set. Also speak to colleagues in years above you in practice who have left to join companies in industry as they will be able to give you first-hand information as to whate roles outside of practice really are like.
Get your CV updated
Until you interview your CV is the only document you have to describe your skills and experience. Despite all the resources available to candidates (CV templates, CV advice online etc.) some qualified accountants still cannot prepare good CVs. Your CV should do you justice and describe all relevant experience you have built up over your training contract. If you are unsure about CV layout or what to include then speak to a recruiter directly and they can help you with this process. In general your CV should be clear, concise, easy to read and very informative (facts and figures). If you have trained in audit list the different clients you have audited and describe their size (turnover, number of employees etc.) and industry sector. Recruiters see hundreds of CVs from Big 4 candidates every year and most CVs look very similar – what distinguishes one from the other is the different clients that you have worked on. Your audit clients will also be the first thing employers will look at when reviewing your application along with your educational record.
In certain cases your recruiter may get you to tailor your CV for an application to a specific role – this will significantly increase your chance of securing an interview.
Meet with a recruiter
Meeting with a recruiter in person will be much more beneficial that just having a phone call with them. At an initial meeting you can have an open and honest conversation around what kind of job you actually want. This should result in you only being put forward to jobs you would be genuinely interested in rather than being submitted to ten different jobs just because your skill set is desired by the client. Applying to jobs of no appeal to you is a waste of the recruiter’s and the client’s time and does not reflect well on you either. By meeting with the recruiter at the beginning of your job search you will also distinguish yourself from the other hundred candidates coming out of training contracts at the same time. A good recruiter will also be able to match you to a company environment that will suit your personality as well as your skill set.
Don’t wait for someone to approach you – be proactive and contact a recruitment consultant yourself. It is nice to be approached about a job and feel as though you are being headhunted for a specific role, however often the recruiters with the most jobs for you will not have the time to search through LinkedIn for hours to find suitable candidates. By registering your details with a good recruitment consultant you will ensure that you are kept aware of all suitable job opportunities that may arise. Even if you are not looking for a role immediately the best way to find out about good jobs is by having a relationship with the recruiter that will be speaking to these companies. Also, recruiters that have worked with companies for a number of years tend to be able to influence clients into meeting candidates that they have met and can personally recommend.
By applying to a job through an agency you should be able to gain a competitive advantage over applicants that apply directly. Your recruiter will be able to give you advice about the company, the work environment, the hiring manager and also be able to conduct interview preparation with you. They will also be able to keep you better informed of the timelines involved in the process and will be able to ensure the hiring manager makes a quick decision if you are interviewing with a couple of different companies.
What salary can I get?
Naturally the salary you attain in a new job is an important factor when making your decision about what company to join. Luckily as a qualified ACA accountant in Dublin you can expect to receive a good salary in the current market. Companies in different industries pay different various salaries so have a look at salary guides for an idea of what you may be eligible for. Sometimes companies will offer lower salaries at first but with a view to increasing your remuneration and benefits as you progress whereas other companies will offer a higher salary initially but will offer no salary increase or no room for career progression over the next three years. Be open minded regarding salary and listen to the advice of your recruitment consultant as well as from fellow colleagues, managers etc. The first job you take outside of practice is an important decision and taking a short term view in terms of salary expectations may not be the best move in the longer term. Also, in reality a couple of grand difference in salary is going to make little difference to your monthly take home pay.
Should I take a contract job?
A lot of candidates will only consider permanent jobs when looking to change. Whilst this is understandable in some circumstances (mortgage application etc.), ruling out contract roles can seriously limit your options. The majority of large multinational or financial services companies in Dublin tend to offer contract roles initially. In general these tend to be permanent in all but name and will be extended beyond the initial fixed term contract. Again your recruiter will be able to offer you advice around which companies will make you permanent and which ones won’t.
I plan on going travelling after my training contract ends
On completion of a training contract or within a year of qualifying, a large percentage of accountants will go abroad to travel or to work. Depending on your personal circumstances you may be better off staying in your current practice for six months before going away whereas in the majority of cases it may be good to try and get 6-12 months industry experience before going away as this will make your CV look more marketable when you decide to return to Ireland. Of course this is dependent on individual circumstance and jobs on offer.
If I fail my FAEs?
If you fail your exams you will still have a significant number of options available to you. The first thing you should consider is whether you plan on repeating your ACA exams the following year. If this is the case, the best option will likely be to stay working in practice as no company in industry will offer you the amount of study leave that you will get in practice. If you are unhappy in your role maybe consider joining another audit firm that will offer a new environment and new clients to work with.
A good option for a lot of candidates is to change to ACCA. This is still a prestigious qualification that will be hugely beneficial to you over the course of your career. You will be exempt from most exams and should be able to qualify within a year. The exam format is much friendlier to people in full time jobs than ACA exams are. The majority of accountants that train in industry will undertake ACCA exams rather than ACA ones. If you want to stay doing ACA maybe consider taking a contract role until next summer and then take a couple of months off to study for your FAEs once again.
You will still have lots of options available to you to move into industry. You have the same amount of work experience as those that are qualified and your skillset will still be in demand to employers. You may not command the same salary that qualified accountants can but you will still get a good package. You will also have a year’s experience in industry (rather than another twelve months in practice) and when you qualify next year you should be able to command the same salary as your work colleagues who pass the exams this year.
If you have any questions on your present position or are interested in roles that Sigmar has on offer please contact our team – firstname.lastname@example.org or call 01-4744600.
Posted by Recruitment Consultant, Sigmar on 4 December 2017
Five Ways To Impress Your Boss
Five Ways To Impress Your Boss
This may come as a shock, no one expects you to be perfect and know everything, even your boss! Sometimes you may feel like you’re not good enough and worry that you can’t impress your manager, but it is actually easier than you think and you’re probably doing some of these things already… 1. Dress to Impress Make sure your personal hygiene is impeccable. One of the worst office offences is bad body odour. Once you have your personal hygiene in check, dress smart. Dressing well will impress your superiors and your fellow colleagues. It will also give a little extra confidence while you do your day to day tasks. via GIPHY 2. Timekeeping Traffic, public transport, school runs, they can be a nightmare in the mornings and we’ve all been there, but it’s no excuse to be late for work constantly. Want to make a good impression? Be on time! Even if it means you have to leave earlier in the morning. If you want to impress your boss, you have to make real effort and show you are reliable. Bad time-keeping is a pet hate for managers. Remember: When you are late, show you understand that time-keeping and attendance matters and always inform your manager that you’re late. A quick text or phone call can really make all the difference. via GIPHY 3. Socialise If you want to impress at work, get involved in social events with your colleagues. It’s important for managers to see you gel with the rest of the staff and integrate with the culture of the business. If there isn’t a social scene in work why not try to organise something yourself? You could suggest after work drinks, a running club, a book club? Getting involved is impressive to a boss, but if you can organise your own social activity, that will definitely get your managers attention. via GIPHY 4. Share Ideas Don’t be afraid to tell your boss about ideas you have. Managers appreciate someone who takes their own initiative and wants to help improve things. It’s a great way for your boss to know you care about your role and the company and that you want to make it even better by putting your stamp on things. via GIPHY 5. Be Prepared Always be prepared to work. When you come in in the morning be ready to hit the ground running. When you attend meetings have all the relevant information and documents needed. Remember, you’ve been appointed this role and if your boss sees you struggling in it, it’s not going to impress him/her. Always being prepared and showing your boss you can manage your task will impress your boss and even increase your opportunity for a promotion. via GIPHY It’s always good to remember, not everyone is perfect, and your boss doesn’t expect you to be. Trying your best should always be enough to impress your boss. All a boss wants is an employee who’s working hard and is happy in the company and with the work they do.
How to Land that Promotion
How to Land that Promotion
If you have been in a job for some time, you may feel like you are ready to take on more responsibility or feel you deserve an added amount to your salary. The way you can accomplish this is by doing the following: Own Projects from Start To Finish Creating your own project and implanting it from start to finish is a great way to get a promotion. Showing you have the initiative and determination to carry out your own project will give you the opportunity to be given more responsibility. via GIPHY Do Things You Don’t Have to Do Don’t be the person who says “That’s not my job” and refuses to do tasks they are asked outside their job specification. Sometimes in order to get noticed and to get ahead you need to be willing to do jobs you don’t want to do. via GIPHY Be Prepared Always be prepared to work. When you come in in the morning be ready to hit the ground running. When you attend meetings have all the relevant information and documents needed. Remember, a promotion is a company giving you more responsibility. If you’re not handling what you’re doing then how do you expect to be given more? Always being prepared will impress your boss and increase your chances of a promotion. via GIPHY Be Positive Coming into the office every day and complaining about how you don’t want to be in work or giving out about the work you have to do or complaining about your colleagues, will never land you a promotion. If you’re unhappy doing what you do and you complain constantly, your boss isn’t going to feel comfortable giving you a promotion. via GIPHY Avoid Office Gossip You can’t control workplace gossip, but you can control how to react to it. Not getting involved in office gossip and politics will mean you keep your professionalism. Those who take part in gossip can become known as unprofessional, immature and untrustworthy and none of those characteristics will help you get a promotion. Any time someone tries to involve you in drama, simply say you are not interested and leave the conversation. via GIPHY If you feel you're doing all the above and you have mastered your role and feel like you’re ready to take on more responsibility, it may be time to ask for a promotion. Click here for our blog on How to Ask for a Promotion
The Benefits of Using LinkedIn Effectively
The Benefits of Using LinkedIn Effectively
LinkedIn has been around since 2002 and you’d think 16 years is enough time to master something but essentially people are still using LinkedIn wrong or avoid using it because they don’t know how. This blog will give you a guide to LinkedIn and how it can be used effectively to benefit your career. Who Should Use LinkedIn? Some people understand LinkedIn to be an online CV and it should only be used by jobseekers. This isn’t the case. There is a certain audience for LinkedIn and it does include jobseekers but that’s not all. This is who should use LinkedIn: Anyone in a job Anyone looking for a job Students Freelancers Recruiters Someone who has something to contribute about their industry Someone with an interest in connecting with professionals If you’re any of the above, LinkedIn could be the perfect social media platform for you. However, you will need to know how to use it effectively, depending on your reason for using it. Benefits of LinkedIn if you are Employed: Networking LinkedIn has 500 million users from all over the globe in different industries. This gives you the opportunity to connect with so many different people and broaden your professional connections. This could give you new opportunities for you in your current role. Sharing Ideas & Learning New Things In our current day to day tasks we come across many obstacles. LinkedIn can be a great opportunity to share these difficulties and how you overcame them. Chances are if you found it difficult, so did another person. Sharing your experiences on LinkedIn can help other professionals like yourself with issues and vice versa. LinkedIn gives professionals the opportunity to learn and share new things. Motivation Motivated was the most overused word on LinkedIn in 2014 and 2015 and it’s still in the top 10 of most used words in 2018. Motivation can be infectious on LinkedIn. Everyday new posts on new learnings and achievements are illustrated. If you’re looking to boost your creativity or just looking for some inspiration, then LinkedIn’s newsfeed is a great place to start. Benefits of LinkedIn if you are Job Seeking: Showcasing Your Talent and Experience Your profile is essentially an online CV and it can highlight all your relevant experience and skills to potential employers. A lot of job applications and job boards, require a LinkedIn page to submit your details. In order for you highlight your professional resume, it is essential for you to have a LinkedIn account. Reach Out to Employers/Hiring Mangers/Recruiters LinkedIn gives jobs seekers the opportunity to approach hiring managers about available positions. If you’re thinking of applying for a job or you already have applied, why not connect with the hiring manager and introduce yourself? It could be the thing that makes you stand out and be offered a job. Keeping Active During Your Job Search LinkedIn has 3 million active job listings on the platform. Even if you don’t have any interviews lined up, you can stay active by networking on LinkedIn and searching for available jobs. LinkedIn is a great way to stay active in your job hunt. Benefits of LinkedIn if you are a Student: Learn from Professionals in your Industry Following and connecting with professionals who work in the field you are studying in is a great way to learn more about what you are studying and what to expect when you receive your qualification. Build a Network Before you even start your professional career you could already have a bank of professional people in your network, all from LinkedIn. Benefits of LinkedIn if you work Freelance: Showcase your Work You can have an entire online portfolio on your LinkedIn profile that can showcase all your experience. You can share this among your connections who can also do the same. It's a great way to advertise your expertise.
Ever wonder what it would be like to work as a Sigmar Recruiter?
Ever wonder what it would be like to work as a Sigmar Recruiter?
Here at Sigmar our Recruiters work hard but have a lot of fun along the way. Check out what it's like to spend a day as a Sigmar Recruiter... If you want to be a Recruitment Consultant in Sigmar. Check out our job opportunities here