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Education
Degree Not Always Enough: University Grads Need Work Experience, According to CFOs Surveyed
TORONTO - A new survey confirms the "Catch-22" that every
entry-level job seeker seems to face: you can't get a job without experience,
but you can't get experience without a job. Eight out of 10 chief financial
officers (CFOs) interviewed said it is important for accounting and finance
graduates to have gained work experience in the field while in university.
The survey was developed by Accountemps. It was conducted by an independent research firm and is based on telephone interviews with more than 270 CFOs across Canada.
CFOs were asked, "How important is it for entry-level accounting and
finance professionals to have gained work experience in the field while in
university?" Their responses:
Very important.............................. 43%
Somewhat important.......................... 37%
Somewhat unimportant........................ 8%
Not at all important........................ 12%
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100%
"In today's business environment, companies are looking for new hires who
can contribute immediately, even in entry-level roles," said Kathryn Bolt,
president for Accountemps' Canadian operations. "Summer internships may still
be offered by companies not actively hiring and can provide solid work
experience and the potential to become a full-time job."
For new entrants to the job market, Bolt advises candidates to be
flexible, proactive and creative. "A stand-out resume that highlights a strong
work ethic, sound communication skills and technical proficiency through
internships, volunteer work and temporary employment will help recent
graduates land a job in a competitive market."
Five tips for new graduates looking to broaden their
work experience:
1. Consider an internship. Taking an internship when a full-time
position isn't available may be a new graduate's best bet to gain
hands-on learning in the workplace. Interns not only develop
essential workplace skills, but they also build their professional
network.
2. Try part time. Part-time work is a great way to gain experience and
showcase skills to a potential employer who may not have the
resources to extend a full-time offer right away.
3. Look for temporary options. Staffing firms frequently have temporary
assignments for which students or recent university graduates may be
a match.
4. Volunteer your services. Helping out a community organization or
trade association in your field is a great way to keep your
experience current and expand your network.
5. Make the most of your current job. Even if your current job isn't in
your field or industry of choice, look for creative ways to enhance
your skills. Volunteer for assignments beyond your job description.
Most employers today are happy to have an employee willing to take
the initiative.
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