In this exercise we will attempt to determine which jobs have prerequisite training and/or experience. Relate the prerequisites to particular types of job (eg. specific industry or public practice).
Before that we will examine job descriptions, earning potential and other characteristics for a variety of financial and accounting roles. To begin with though we’ll categorize the job titles by function in either industry or public practice accounting:
Sep 25, 2019 – A controller is an individual who has responsibility for all accounting-related activities, including high-level accounting, managerial accounting, and finance activities, within a company.
Nov 21, 2019 – Corporate finance is the division of finance that deals with financing, capital structuring, and investment decisions. Corporate finance is primarily concerned with maximizing shareholder value through long and short-term financial planning and the implementation of various strategies.
May 14, 2019 – Financial analysts examine financial data and use their findings to help companies make business decisions. … An analyst must be aware of current developments in the field in which they specialize, as well as in preparing financial models to predict future economic conditions for any number of variables.
This article from ROBERT HALF’s website – lays out the distinctions between careers for accountants in industry and public caution. A word of caution here – Robert Half is in the business of selling people. Their assessment of the salaries and prospects for job seekers is often overly optimistic. This is because they are themselves in a better position if salaries are higher. For one thing they find it easier to get inventory (i.e. job seekers) if salaries are higher. Also they find it easier to successfully land candidates in jobs if salary levels are competitive. That is after all how headhunters are generally paid.
STEP ONE: To begin with we will research the roles using the WORKBC website and the following NATIONAL OCCUPATION CODES (“NOC” codes):
- NOC 1111 – Financial auditors and accountants
- NOC 1311 – Accounting technicians and bookkeepers
- NOC 1431 – Accounting and related clerks
- NOC 0111 – Financial managers
- NOC 1112 – Financial and investment analysts
- NOC 1113 – Securities agents, investment dealers and brokers
- NOC 1122 – Business management consulting
STEP TWO: Examine specific job openings in a variety of functions using examples from an online job posting website (Indeed.com)
CONTROLLERS (In Industry)
CORPORATE FINANCE (In Public Practice)
Perhaps surprisingly corporate finance roles typically come up as part of the M&A (Mergers & Acquisitions) Group within mid-size and larger public practice firms.
FINANCIAL ANALYSTS (Investment Brokers & Dealers in Securities)