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Kenyan students aspire to senior corporate positions – ACCA report

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Eighty-two per cent of Kenya’s students hope to attain senior positions in their current area of work reveals the Students and affiliates salary and career survey 2012 produced by ACCA (the Association of Chartered Certified Accountants).

The latest findings from this global research also revealed 81 per cent of the respondents aim to lead a finance team. The report’s findings capture information on the salaries, bonuses and benefits of ACCA students and affiliates, including students studying for the foundation level qualifications around the world. The report also records their typical working hours, their career plans and priorities.

The global survey received 22,379 responses from ACCA students and affiliates who participated in an online survey conducted in the second quarter of 2012.

Some key highlights In the 12 months preceding this survey, 63 per cent of ACCA students and affiliates received a pay rise, with two-thirds (65 per cent) of these gaining an increase of at least six per cent. Of ACCA students and affiliates receiving a bonus, 53 per cent were awarded a larger bonus than in the previous year, with little variation across sectors.

ACCA students are ambitious and understand the opportunities an ACCA qualification gives them are extensive,  84 per cent aim to gain a more senior position in their current area, 75 per cent want to lead a finance team and 64 per cent plan to start their own business at some point in their career.

Many employers provide benefits such as study leave and payment of various student fees. This shows they support the students while they progress through their studies.  Anthony Kariuki, Country Manager for ACCA Kenya, said: “The majority of our students in Kenya received pay rises, particularly those in the financial services and public sectors, at 71 per cent and 67 per cent respectively. Healthcare, pension plans and study leave seem to be the most popular benefits given by employers in the country as well.”

He added, “In general, this research shows that accountancy generates financial rewards and it offers diverse career opportunities over many sectors. ACCA’s core purpose is to offer opportunities to people of talent, regardless of their background. As this survey shows, ACCA students around the world view the ACCA Qualification as providing a route to well-paid, flexible careers in roles that employers value. And through their skills, knowledge and professional ethics, ACCA members continue to bring public value around the world – which is critical in supporting the global economy and responsible business worldwide.”

 

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