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Accounting and Finance

Overview:

Saudi Arabia’s economy has recorded another success at the end of 2015, leading its banking sector into taking advantage of the government’s expansionist fiscal policy and the large number of projects this has created. Opportunities are growing in different areas of the financial sector as well, primarily in the lending department among the country’s smaller businesses. Regulatory reform and intense competition still challenge the Kingdom’s banks, but the overall stability shows that these issues can be tackled from a position of strength. Graduating with a degree in business, economics, accountancy or finance can lead to plenty of open doors to build a career in Saudi Arabia’s financial sector.

Source: https://www.oxfordbusinessgroup.com/overview/position-strength-growth-continues-banks-diversifying-their-revenues-while-there-has-been-shift


Job Opportunities:

  • Accounting technician: prepare the financial information that professional accountants or business managers use when making decisions.
  • Actuarial analyst: use statistical formulas to assess risk.
  • Chartered accountant: offer financial advice, audit accounts and provide trustworthy information about financial records.
  • Chartered certified accountant: maximize profitability and efficiency or ensure value for money on behalf of employer or client, often assessing business possibilities.
  • Chartered management accountant: prepare, develop and analyse key financial information to ensure that an organisation's management makes well-informed decisions to ensure future stability, growth and profitability.
  • Chartered public finance accountant: responsible for ensuring the effective operation of accounting and financial activities in public sector organisations.
  • Forensic accountant: investigate financial discrepancies and inaccuracies such as fraudulent activity, financial misrepresentation or misconduct and disputes.
  • Stockbroker: support individuals or institutions (clients) to make informed decisions on investing in the right stocks and markets at the right time.This could go in three directions:
    • discretionary - you will manage all investments and make decisions on clients' behalf and buy and sell shares on the stock market.
    • advisory - you will advise on appropriate investments, without directly making the decisions and you will not be involved in the direct purchase of assets. In institutional broking this is the main way in which you will operate.
    • executive - you will engage in investment activities only on explicit request from your clients.

Source: https://www.prospects.ac.uk/careers-advice/what-can-i-do-with-my-degree/accountancy-and-finance


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Key Employers:


Advice:

Becoming a qualified accountant requires a professional accountancy qualification. In order to begin a career in accountancy, work experience is very valuable in helping you acquire the skills and experiences that employers look for in an applicant. If you did not have the opportunity to do a work placement during your degree, it is beneficial to look for paid or unpaid experience in the field that you find most fulfilling.

Work experience may include part-time work at a local accountancy bank or work experience or an internship in the finance department of any organization or company. It is important to portray office and admin skills, as well as the ability to work with number and budgets.

InternsME is a good place to start in the search for graduate experience. Remember to keep checking for new internship opportunities consistently.

Source: https://www.internsme.com