Is accounting the dream job of the next generation? How do their aspirations differ from what the accounting profession offers?
The future will be different. Organisations won’t attract, nurture or retain their finance leaders in the same way as before.
Why is this research important?
High speed innovation and pace of change have created a ‘new normal’. And with drivers like globalisation and digitisation influencing the future, the opportunities for the accountancy profession are greater than ever to help promote global economic growth and prosperity.
What is the view of the next generation?
This survey suggests that the younger generation in the accountancy profession (those aged 18-36 years) are well equipped to deal with change driven by technology and globalisation. They have a global outlook, often expect to work in another country in their next role or at some time in their careers. They are technologically savvy and unafraid of technology. They want work-life balance and variety of experiences and they’ll switch jobs quickly to get what they want from their careers.
And because their mobility aspirations will put pressure on engagement and retention, the employer-employee proposition will be increasingly redefined.
Graph showing barriers to career progression. Lack of capacity/available roles is the top barrier.
How will they change the profession?
The career goals and ambitions of the youngest generation will impact the profession on a number of dimensions. Changing ways of working are driving a change in talent priorities. The ’job for life’ no longer applies. The profession is entering a new age of collaboration between smart tools and smart people.
"The next generation in finance understands their careers’ global context. They see the value of international experience and recognise the career benefits that exposure to globalisation brings."
International roles are part of career strategy
Almost 19,000 respondents under the age of 36 from 150 countries participated, making this one of the largest ever surveys across the global profession.
Generation Next see few boundaries - entry into the profession is a pathway to a broad range of business opportunities. They’re ambitious for quick progression, happy to switch sector and want to work globally.
The next generation in finance understand the global context in which their careers are taking place.