Thousands of UK accountants and finance professionals were able to change jobs in the last 12 months showing the resilience of finance careers during a global health and economic crisis.
A total of 5,908 of the 33,522 UK accountants who are qualified or studying for the ACCA qualification* and are listed on LinkedIn changed their profile to show a new employer in the period – which is 17.6%.
The ACCA Careers website, which has hosted 2.8m job adverts in the last year, and networking and jobs pioneer LinkedIn analysed the data of UK finance professionals with or studying the qualification to find the statistic.
The revealing jobs data from LinkedIn comes as ACCA launch their free new Career Navigator tool to help accountants and finance professionals take advantage of job opportunities in the resilient sector.
The Career Navigator has analysed more than 120 private and public sector finance roles and outlines the skills and experience required, so members and students can plot their career path, right from junior levels to chief executive. Where they lack training, the tool will link them to Continuous Professional Development (CPD) courses to fill the gaps.
ACCA aims to help students and members to grow into senior leadership roles by identifying exactly what capabilities are required at every level and helping them to map their own skills. The tool will make it transparent to them what steps they need to take in order to give them the competitive edge to achieve the next step in their career path.
If a management accountant aspires to become a chief financial officer (CFO), Career Navigator will help to open the door to their next step, recommending courses to achieve the targeted learning and skills required. It will also link to inspiring case studies of CFOs in ACCA’s magazine Accounting and Business.
The Career Navigator also offers links to current vacancies on the ACCA Careers site at the level members are researching, so that they can seamlessly apply for a new role if they are a good match for the skills and experience needed.
ACCA Careers carries over 200,000 jobs each month with global opportunities for accountancy and finance professionals at all levels. It also offers careers advice and virtual careers fairs, including a recent one in September for UK members and students.
Over the last year, hiring hotspots for hiring activity are London, Cardiff, Glasgow and Birmingham, according to data from ACCA Careers.
Claire Bennison, head of ACCA UK, said: ‘With the current skills crisis building in the UK, it’s more important than ever for organisations like ours to partner with accountants and finance professionals to help them to direct their own career journeys.
‘There’s also a real opportunity for us to support employers with workforce planning by helping them to think ahead on skills and development so they have the capabilities in their teams that they need to succeed.’
Nigel Bicknell, head of ACCA Careers, said: ‘It’s clear that ACCA talent in the UK has been able to maintain a very strong career position throughout the pandemic.
‘Our qualified accountants and students continue to be in high demand and are paid well for their skills, many of which have been showcased by the economic effects of the pandemic. The demand for forward thinking sustainable business and finance professionals, across all sectors globally, has never been greater.
‘We believe the Career Navigator can give another boost to finance professionals’ careers. Knowing what skills you need right now, and in the future, is key to long-term career and business success. Our tool brings together everything you need to set your route to success.’