Thursday, November 14, 2013

Career trends - Business, Accounts & Finance

Today’s volatile market has made it difficult for individuals to advance in their career in a predictable manner. With low pay scales and fear of layoffs, many people have transitioned to entrepreneurship by opening small-scale industries and production units. On the other hand, some have chosen a career in the accounting and finance field due to its healthy demand in innumerable industries. The business, finance and accounts fields are opening new opportunities besides making the business cost-effective. Here are the career trends in these fields-

Trends in Business:

  • Due to immense opportunities in this domain, self-employment is trending and is said to hold pace in the years to come. Many individuals have opened industries that cater to a wide array of establishments.
  • Modified chains are emerging at a brisk pace which allows foreign investment. This will not only increase employment but also build the nation’s economy.
  • Franchise business will see its boom in the coming years where people will prefer building a brand and provide consumers the brand through their partners (franchisees)
  • Social entrepreneurship is another BIG leap in business world, where qualified professionals are picking up businesses with a social impact that help them to contribute back to the society.

Trends in Accounts:

  • Technological advancements have had a great impact on accountancy. Various software applications have been developed to operate in managing accounts, generating finance reports as well as producing tax returns.
  • Many high-profile professions such as forensic accounting are trending career options in the domain. Some accountants also provide multiple services, working for individual clients while providing on site assistance to others.

Trends in Finance:

  • Micro funding is a trending concept in finance. In this, a large group of people fund a particular project through individual donations. This has emerged as a new way of assisting people set up new businesses. In return, donors might receive goods or favors from the business establishment.
  • Credit Unions have shown active participation in lending loans to entrepreneurs of small businesses. They have lesser interest rates and are more flexible than conventional loan schemes offered by most banks.
  • Part time Executives employment will become a reality where CXOs shall be hired part time by multiple companies to manage their business activities within budget.

Anuj Jain
Chief Counsellor
Founder, EduGroomers

EduGroomers is a professionally managed educational organization offering Unbiased Career Assessment,Counselling, and various Empowerment Training Programs for students (school andcollege), teenagers, graduates, job seekers and working professionals.
Established with an endeavor toempower and groom individuals of all ages including students (school andcollege), teenagers, graduates, job seekers, working professionals, housewivesand seniors, EduGroomers offers numerous integrated learning solutions and unmatchedCareer Advice with assistance of its adroit team of professionals and experts,who are always updated with the latest Career Opportunities and Career trends inIndia and abroad.
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Benefits of EduGroomers Programs:
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