By 2035 how, when and where finance professionals work, as well as the nature of the work itself, will look very different, says a new survey by ACCA (the Association of Chartered Certified Accountants).
According to the study, 53% of Middle East respondents believed that flexible career paths will replace linear paths within the next decade. A further three in ten (31%) in the region expected the two approaches to coexist equally.
Findings from the Middle East reveal a region that is optimistic, globally connected and increasingly opportunity-driven in how finance professionals approach their careers. ACCA’s regional data shows strong confidence in future career prospects, alongside growing expectations for flexibility, international mobility and skills-based progression.
Skill sets need for future success
Preparing for this flexible career structure is at the core of suggested actions made in ACCA’s major new report, Career paths reimagined. Around 2,600 ACCA members and future members together with 145 employers took part in the global research which identified the relevant skills sets that finance professionals should nurture for future career success.
Focusing on inter-personal, technology and technical skills and developing specialisms feature strongly, as well as having a curious and flexible mindset. Career breaks and ‘micro-retirements’ are likely to increase as professionals work longer.
ACCA Chief Executive Helen Brand said: ‘Accountancy is being redefined in ways that are reshaping and expanding the role of the profession. While traditional career paths are giving way to more flexible, individualised routes that are shaped by skills rather than titles, opportunities to grow and thrive have never been greater for those prepared to embrace change.’
“To be successful, finance professionals must be willing to let go of outdated expectations and embrace a future which will see the rise of hyper-personalised careers featuring more flexibility but less predictability. Taking greater ownership of your career and learning is key – continually developing the right skills is essential to navigating a flexible workplace,” the study says.
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