The Association of Chartered Certified Accountants (ACCA) Qualification opens doors to a range of career opportunities, states the latest Members Career Survey produced by the global body for professional accountants.
Ninety-three percent of those surveyed in Singapore said they believed the qualification helped them to obtain their jobs. More than half of the survey respondents in the country - 57 per cent - plan to, or have already, started their own businesses.
“It is great news that the majority of our members here in Singapore believe the qualification has stood them in good stead for getting their feet on the career ladder," says Leong Soo Yee, head of ACCA Singapore.
“This is typical of ACCA’s core values, which include accessibility and opportunity. The results show how mobile the qualification is, as it is allowing our members to start careers in the fields they aspire to be in as students.”
In the global report, results show 73 percent of those surveyed aim to achieve their career ambitions in the next four years.
The global survey also shows 63 percent of ACCA members surveyed have multi-sector experience. Moves between sectors happen in all directions, but most frequently to and from the corporate sector.
One in three respondents intends to stay with his or her current employer for more than three years. In the past 12 months, 31 percent of respondents have changed jobs – more than half of such job moves taking place within the same organisation (51 percent of all job changes).
Leading a finance team; working in a specialist finance role; and working in another country; are the top three career achievements already recorded by ACCA members. Survey respondents have many future ambitions, but 61 percent are aiming, with their next career move, to gain a more senior position.
The survey also finds 32 percent of respondents globally are thinking of starting their own business later in their careers.
ACCA members who hold positions such as chief executive, chairman or president , as well as those working as CFOs, COOs, finance directors, audit directors, executive directors, general managers and commercial directors, are relatively more likely to have multi-sector experience (70%). In contrast, proprietors, managing partners, partners and sole practitioners are less likely to do so (40%).
“Results show that many believe working abroad is key to expanding career horizons. 66 percent value the opportunity to gain additional skills and knowledge, while 62 percent want to experience another culture,” says Neil Stevenson, ACCA’s executive director – brand.