ACCA survey finds accountants expect shift to flexible career paths

Core Insights - The accountancy profession is expected to see a shift towards flexible, non-linear career paths by 2035, with 51% of respondents anticipating this change [1][2] - A significant portion, 35%, believes that both traditional linear and flexible career models will coexist [1] Survey Findings - The survey involved approximately 2,600 ACCA members and future members, along with 145 employers, and is detailed in the report titled "Career Paths Reimagined" [2] - The report emphasizes the need for finance professionals to prepare for a more flexible career structure, outlining essential capabilities for future success [2] Skills and Mindset - Key skills identified include interpersonal abilities, technology skills, core technical expertise, and the development of specialist knowledge [3] - A curious and adaptable mindset is increasingly important for career advancement [3] Career Trends - The report predicts that career breaks and "micro-retirements" will become more common as working lives extend [3] - The changing landscape of accountancy is reshaping the profession's role, according to ACCA chief executive Helen Brand [3] Influencing Factors - Technology is recognized as the most significant force reshaping careers and workplaces, followed by personal expectations, geopolitics, economics, and societal expectations [4][5] - The rise of flexible career paths is linked to evolving organizational structures, rapid technological advancements, demographic changes, and dissatisfaction with senior roles affecting work-life balance [5] Conclusion - The report suggests that those who adapt to these changes will find rewarding careers in finance and accountancy [6]