I have a economic careers function coming up subsequent week. It would focus on accounting, banking and insurance – what range of jobs is available, how you get such jobs, what courses you require to do, what expert courses you need to be undertaking to hold up to date, any conversion courses from other careers to financial careers and so on.
The banking sector in Ireland is presently undergoing a process of commercial realignment and is bracing itself for job redundancies. There are surely opportunities within the accounting, banking and insurance sectors, what are these possibilities and how anybody can position themselves to avail of future opportunities and be best ready to handle the forthcoming turmoil.
As a pre-requisite, most positions within accounting, banking and insurance demand an undergraduate qualification, and if you are considering this avenue, investigate the exemptions that the course gives in the direction of skilled qualifications. So, not only will you obtain a Degree but also exemptions against professional qualifications from the Certified Public Accountants, Chartered Accounts, Association of Chartered Licensed Accountants, the Chartered Institute of Management Accountants and even the Irish Taxation Institute. If you are unsure of a distinct region within these profession sectors, choose a generic and wider program title for example ‘Accounting and Finance’ and tailor your career course when you have a greater sense of your self versus the every day job functions of specific roles. The present development areas inside Accountancy and Finance are around auditing, compliance and threat – try and incorporate these sorts of modules inside your degree of study or professional qualification. Inside banking and investment the qualification of need is the CFA (Chartered Financial Analyst), which ought to assure profession progression and benefit.
If you are an unemployed engineering or construction skilled, taking into consideration a profession transition towards a profession in Accounting or Finance you would be effectively equipped for a profession inside this sector with your exposure to high levels for mathematics and commercial knowledge. The soft skills and cultural awareness of a career within this sector would have to be explored prior to a selection is reached. There are lots of program alternatives, for example DIT supply a a single year Conversion Post Grad Diploma program in Accounting. Ciara Murphy, from the CPA, states that ‘In recent years, a large number of men and women have switched careers to increase their job opportunities, especially these in the construction and services industry’. Accountancy remains a growing profession, with 40pc of today’s graduate jobs based in accounting and finance. At CPA Ireland we supply versatile and varied mastering options for these who want to make the adjust, with no preceding qualification or expertise needed.’
The Insurance market in Ireland contributes 9% to the national GDP and the main areas inside this space are insurance/danger management and regulation. The professional physique is the Chartered Insurance Institute (CII) and they offer you specialist qualifications in compliance, economic services and insurance up to FETAC Level 7. The Insurance sector is most likely to contract in the short term even so there are possibilities and labour shortages as Actuaries, Danger Modellers and quantitative analysts along with compliance abilities.
If you are unsure as to what path to take contemplating the investment in time and finance involved, speak to a certified and impartial profession guidance practitioner.