Back to Uni- Two accountancy & finance students share their thoughts.

It’s September which can only mean one thing- the new beginning of another university year. The dust (sand) from the summer has settled, course books have been purchased and people have been reacquainted through the usual fresher's weeks antics.

For this week’s blog we thought we would talk to two budding future accountants, Ciaran & Jessica, to get their perspective on their subject choices and international career prospects.

Jessica has just started her 2^nd year as an accountancy and finance student, whilst Ciaran is about to embark on his final year at university. So how do their views differ?
 

What made you want to choose to study accountancy & finance?

Jessica: I studied Accounting in 5th year at school and I found it really interesting, so it was a no-brainer when choosing what to study at university.

Ciaran: I didn’t really know what I wanted to do to begin with, I just knew accountancy & finance was a solid investment as a subject with a clear career path.

Did international opportunities in the future impact your university or subject choice?

Jessica: International opportunities are easily available and regularly suggested at university, so I am glad that I have the option to go abroad if I wish to do so in the future. However, this didn't have a great influence on my decision on where I chose to study.

Ciaran: My university has a lot of international ties so that did definitely impact my choice. When I chose accountancy & finance I did so knowing that it was a universal subject that could be very useful for a career at home or abroad.

Which country would you most like to work in and why?

Jessica: I would love to work in London and to experience the fast-paced life of an accountant living in the City. I've been down to visit a few friends there already and love the place!

Ciaran: Most of the people I know who’ve left to go abroad have recommended Australia or New Zealand, so I’d probably go out there to travel for a year after I’ve finished with my degree, then see what I think.

 

Would you like to specialise in any particular sector and why?

Jessica: Luckily I'm only starting second year so have plenty of time to still decide what I want to specialise in.

Ciaran: I’m doing my dissertation in Corporate Financing the areas it covers really interest me, so hopefully I'll be able to find a job in that field after I graduate/become qualified.

What companies/company would you like to work for and why?

 Jessica: I would love to work for one of the Big 4 because they have offices all over the world allowing for lots of travelling opportunities. They seem like great companies to work for with a big variety of people from different backgrounds.

Ciaran: I’m quite keen to run my own business one day, but before that I would love to get the chance to work for one of top ten firms and learn from some the best. My best mate works for Mazars UK and is really enjoying it there.

Do you know any other accountants that have been overseas and if so, what was their experience?

 Jessica: Yes, I know someone who travelled to Italy and lived there for two years while working as an accountant. He had a great time as he was able to learn some Italian and loved the culture there.

Ciaran: Most accountants that I know tend to stay in the UK but after the whole Brexit result people have started to consider other options.

What do you think would be the biggest challenge in an international move?

Jessica: I think the biggest challenge would be overcoming an language barriers or trying to fit in to the local culture.

Ciaran: Biggest challenge would be leaving friends and family behind. It’s easier these days with Skype and WhatsApp but it could still be tough when you need support.

What would be the most exciting thing about an international move?

Jessica: For me, the most exciting thing would be making connections and becoming friends with lots of people in a different country. Also being able to possibly speak a different language and communicate with the locals would be an amazing skill to pick up as you work.

Ciaran: Getting to test yourself in a different environment and that buzz of arriving somewhere new, where you don’t know anyone. I would say I'm quite confident so would revel in the opportunity to move abroad.

From all of us here at Think Global Recruitment we would like to wish Ciaran and Jessica the best of luck with the year ahead, we know they'll do great!

 

Dave’s Story: Conquering the fear of the unknown!

Think Global Recruitment helped David make the move from Zimbabwe to Perth, Australia in 2007 where he still lives today managing his own accountancy business. We recently caught up with him to find out about his experience and any advice he would offer to others.

How did you feel before the move?

 “At that stage it was really just a fear of the unknown. I’d never lived away from home so I didn’t know how it would turn out. I had it in my head that I was just going to make the move overseas and see how it goes. I knew that it was going to be unchartered territory”.

How long did it take to settle in?

“It took six months to a year to really settle in. You find yourself calling home frequently at the start. You then get to experience the new culture, new people and meet new friends.”

With multicultural societies like Perth you have such a vast range of nationalities. There is such an acceptance of cultures that makes it very easy to fit in quickly”.

So with so many cities in Australia why from why did you choose to settle in Perth?

“I’ve been to visit other places like Sydney and Melbourne but I’ve found that those cities are too busy for me.  I really enjoy the lifestyle here and have built up a good client base for my business."

And what about the professional experience?
 

 “Having had previous Big Four experience it was building upon what I had learnt already. I was working with clients in oil and gas, the work was demanding but it did meet expectations. The professional ethics on the work side lived up to expectations”.

And the biggest benefit?
 

“Career progression- The sky is the limit depending on what someone wants to do. If someone wants to start their own business in the future, it would be really worth doing!

Even if somebody wanted to go into commerce, the companies here are bigger and you can get exposure to their main head offices”.

Advice to other accountants think of making the move?

 "If someone isn’t sure, give it six months and see how it goes. If it doesn’t work there’s no harm in trying, it’s definitely worth it. I would really encourage people to go out there and see how they get on”.

How did Think Global Recruitment assist you ?

 

“A mate of mine gave me your contact details and when I called up the lady she asked me which country I want to go to, I said, 'Australia, then Canada and maybe the US'. A few days later she comes back and says ‘I’ve got an opportunity for a Big Four firm in Australia, and then she talked me through the process. She was really good and when I got the job she helped with the onboarding process.  Even a few months later she called up just to check how I was doing and sent me a Think Global souvenir”.
 

What would you say are the advantages of applying for a job through Think Global Recruitment?

“The guidance that you give, the preparation…you would ring up before the interview, after the interview, finding out how it has gone and following up with it with the employer as well.
Highly recommended.”

 

It's fantastic for us hearing people's stories after we have worked with them. From all of us at Think Global Recruitment would wish like to wish Dave and his family the very best for the future!

If this story has inspired you and you would like to hear more please get in touch by emailing pmcloughlin@thinkgr.com

 

 

Market Update: Where are we Post-Brexit?

The results of Markit’s recent PMI (the Purchasing Managers Index) survey has the put the minds of the British public at ease (for now) as the unexpected rebound of the service sector adds to a string of positive market news on exports, jobs and houses.

Markit recorded the biggest month on month increase in the survey’s history and shows figures increasing from 47.4 in July to 52.9, far exceeding the 50 mark needed for growth.The service sector makes up a staggering 80% of the UK economy

 

From these results it is now clear that Britain will avoid the expected recession many thought would follow after the June's historic vote.

"The services PMI completes a triple-whammy of good economic data for the UK in the last three trading sessions and indicates that businesses are returning to normal after the initial shock of the vote rocked confidence," said Neil Wilson, a financial market analyst at ETX Capital.

 

Britain’s economic situation is looking brighter with the value of the pound going up on a seven week high against the value of the dollar - $1.3375, and the value of the pound beginning to steady.

Credit Suisse and Morgan Stanley have both 'rowed back' on their predictions after the better than expected results. Bank of England Governor, Mark Carney, has described himself as feeling 'absolutely serene' with the banks preparations and actions which he says allowed Britain's economy to 'sail through' the shock impact following the referendum.
 

The City of London, however, is not sitting on its hands and has already stepped up lobbying efforts with the new Chancellor Philip Hammond to ensure that processes are not rushed and to stress the importance of access to the single market. The Financial Services industry accounts for more than 12% of the UK's exports, contributing £60 billion in tax and employing 1 million people.

How are the Big Four after the Brexit vote?

Deloitte

Deloitte’s UK revenues have grown at the fastest rate in a decade, according the latest figures.The company experienced a “landmark” year in Scotland, strengthened its Transaction Services practice in the North of England and Group revenue for Deloitte has increased by 11.2 per cent for the year to May 2016 to £3.1bn.

Managing Partner, David Sproul, has suggested that the government should not reduce hiring skilled migrants: “The government must recognise that further restricting skilled migrants could be detrimental to the UK’s ability to attract global investment and the diverse pool of international talent that has supported our country’s growth”.
 

KPMG
 

KPMG continues to be the preferred UK's auditor for stock market clients, having created six new contracts in the last quarter. The Head of KPMG's deal advisory practice in the Midlands has stated that there is still a healthy appetite for deals in the region describing the environment as conducive.  

 

PWC
 

PWC remains in second place behind KPMG with 369 total clients and has come out confidently stating that London's dynamism means that it would remain agile and resilient to any potential fallout from Brexit and that the City had managed to  'pull away' from other global rivals this year.
 

EY
 

 EY has noted the opportunities for businesses that will come as a result of any renogiations and has stated that due to UK's strong performance in the past year it has retained it's spot as the number one place in Europe for foreign investment.

 

The future is looking a lot brighter than many experts initially thought, we now await to see how the new government intends to take Britain forward.
 

If you'd like to hear more about our market updates then register for our newsletter by emailing pmcloughlin@thinkgr.com.

Jordan's Story: From a hectic life in Chicago to a happy life in the Netherlands!

 

Last year Think Global Recruitment assisted Jordan in securing a role in the Netherlands with a Big Four Firm which he says has offered him offer endless opportunities ever since.

We recently got in touch with him to tell us more about his new life.

Jordan began his career in Chicago, USA but now lives and works in the sunny Netherlands as an Audit Senior, living in the multicultural capital Amsterdam and making the daily commute to his job in Zwolle.

 

"I was driven by the opportunity for international exposure, especially with the Big 4 in Europe. I wanted a better work life/balance than I had in Chicago and wanted the challenge of working in a new continent."

At first Jordan felt concerned about how his wife would feel in their new home and how long it would take for both of them to settle in, these fears quickly dissipated by the warm welcome they received when they moved in.

 “Once my wife arrived, everything fell into place. I’m really enjoying life in Europe and I think everyone should make the move. My firm is fantastic, I am busy but feel motivated and happy in my new role. I feel like the move is all I could of hoped for.”

Life in Holland

Jordan is making use of Holland’s central location by taking advantage of the travel opportunities having spent the New Year in Italy and visiting other cities that are near to his home in Amsterdam. With a notably improved work/life balance, this has freed him up to make the most of his surroundings in central Europe, and is enjoying his new sunnier climate.

So what does Jordan think about the people in his new found continent?

 "Europe feels much more culturally diverse than the USA. People are much more tolerant and welcoming here". 

 

 

Working overseas

 

“I have advised all of my colleagues and work mates in Chicago to spend time working abroad as it improves their CVs and they can grow as people. Learning new methodologies and ways of working are just some of the advantages gained from an international move as well as exposure to different cultures and languages."

 

 

 

Our Service

“My consultant really listened to me and my wishes. He understood what I was looking for in my international move and really guided me through the process. He gave me lots of time and information so that I could make an informed decision. Think Global Recruitment gave me honest advice, helpful interview preparation and an impressive list of potential roles. Clearly you have well-connected consultants with lots of industry knowledge.

This move definitely helped to enhance my career, allowing for the opportunity for me demonstrate my adaptability and willingness to challenge myself."

We wish Jordan and his wife all the best with their new life in the Netherlands!


If this story has inspired you and you would like to hear more please get in touch by emailing pmcloughlin@thinkgr.com.