Practice vs In-House | Accounting & Finance Careers

Career Advice: Practice vs In-House, Accounting and Finance careers.?

by Conor Martin

Are you coming to a significant career milestone and feeling unsure about what to do next? If so, you're not alone. Choosing the right path in the Accounting and Finance industry can be challenging, especially when there are so many options available. In this article, I will?explore some potential career paths and offer practical advice on how to make the best decision for you and your career.?

Stay in Practice?

If you thoroughly enjoy your current service line, pursuing it up to the Manager level can be a great?option. This will give you the opportunity to reassess your ambitions and determine whether you're more suited for this type of work or not. As you progress, the workload and autonomy can change, so it's essential to keep evaluating your options along the way.?

Alternatively, you can internally move into a different area that interests you to gain new experience. For instance, you can join a Deals team or Consulting and Transformation. Consultancy services are continually evolving to meet clients' needs, and your existing skills can transfer nicely, particularly within your existing firm.?

Leave Practice?

If you're considering leaving practice, the path forward can be unclear and overwhelming. However, speaking with a career consultant can be invaluable in helping you identify where to start and take those first steps. Additionally, your network can be an excellent resource for finding new opportunities. Reach out to former colleagues who have already moved and ask about their experiences. This will give you an idea of what's out there, and you'll learn about different job titles and organizational structures, and learn some of the pros and cons of leaving practice.?

Before you take the leap, ask yourself where you want to be in a few years and the skills you'll need to get there. Focus on finding a role that will help you develop these skills. If you decide to move, remember that there is a learning curve in each new role and organisation, and your new team will understand that too.?

Take Time off and Travel or Relocate?

Travelling or relocating to a new country can be a popular path for many recently qualified accounting and finance professionals, with Australia and UAE being the top destinations for many of the candidates I have encountered. If you're considering this option, it's a good idea to utilise your network to get firsthand advice on what to expect in your new location. If you do want to gain specific experience before heading off, I would recommend a short-term contract role in the specific area to help build your knowledge.?

Next Steps?

No matter what you're thinking, speaking with a career consultant like myself and the?team here at Fortis Recruitment is a great starting point. As a qualified accountant,?with experience in the industry, I understand the landscape?along with the day-to-day responsibilities within Accounting & Finance roles. This insight allows me to have honest conversations with my candidates and help figure out what might be out there and what options are more suited to the?first move out of practice. Don't be afraid to explore your options and ask for advice; it's essential to make the right decision for your career.?

My team and I are working with some fantastic employers, with a range of roles. If you are interested in making a move in your career, reach out for a confidential discussion today at?[email protected] ?or?click here to browse our open roles .??