Career advice
Curated writing from operators, recruiters, and HR leaders — written for people building real careers in HK.
Most social networking sites share a common goal of connecting or reconnecting people through the internet. At some point in their history, each has built a credible following of members. It is this member base that attracts the attention of businesses wishing to identify, connect and engage with it, and eventually to sell products and services to it.
For many Hong Kong engineers who finished secondary school in the 1970s, choosing a career path was straightforward. Having picked the science stream in secondary school, aspiring youngsters who did not like their chemistry or biology as much as their maths and physics would choose engineering rather than the medical sciences in university. Ir Victor Cheung, however, did not have that choice. Growing up the son of a cook, he seemed destined for a life in a commercial kitchen too – until two mentors stepped in.
Data analytics seems to be the talk of the town. Whether it’s helping identify business opportunities or protecting companies from cyber attacks, demand for IT professionals with these skills is set to continue. But to succeed in this highly competitive field you’ll, need more than just technical skills. You’ll also need the human touch.
Hong Kong CPAs with financial controller experience can expect to be in demand. Chris Choi, an Institute member, is part of an emerging “flying squad” of financial controllers who parachute into new or distressed companies at the request of private equity firms, risk consultancies and others in need of sound advice.
Former and current financial controllers – as well as those who train and hire them – say a number of factors have made the position a more vital one. They include: • Regulation: The financial controller began to assume greater importance a decade ago, according to research by EY, with the imposition of post-Enron legislation designed to promote transparency. • Globalization: The desire for access to Hong Kong and China by multinational corporations has created more financial controller roles at the regional and group senior levels.
Few would have ever known that Friends Reunited was actually the first social networking site to achieve prominence. It was in fact three years old by the time Friendster appeared and took another two years before Facebook came into the scene. Most social networking sites share a common goal of connecting or reconnecting people through the Internet. At some point in their history, each has built a credible following of members. It is this member base that has attracted the attention of businesses wishing to identify, connect, engage and hopefully sell products and services to.
If you are looking to take your career to the next level in Hong Kong’s active jobs market, it can be useful to get a recruiter on your side. But what is the best way of doing this?
Many mountain climbers visiting high altitudes for the first time would be eager to know more about their Acute Mountain Sickness (AMS) susceptibility in advance. Although various tests like VO2 Max, SO2 at simulated altitude are derived, the correlations are weak and are not good predictors for AMS vulnerability.
“Being interactive is one of the basic requirements for an accountant engaged in advisory services, like myself,” says Eugene Ha, a partner at Grant Thornton and a Hong Kong Institute of CPAs member. “Making connections with clients, intermediaries and the wider business community is part of what I do every day. It’s fortunate that I am quite a natural talker as well, with an outgoing personality. Networking is in fact an enjoyable role to me.” Here are a networking natural’s top tips for making new connections. DO…
It’s not just what you know, it’s who you know that matters, says the adage. Successful accountants tell Robin Lynam how careers can be boosted with a little networking ability In accounting, as in all professions, those who rise to the top tend to be those who are good at their jobs. That, however, is seldom all there is to the story. Successful professionals have usually managed to build up a broad-based network of contacts and connections, many of whom have been instrumental in helping them serve their clients, build their profiles and enhance their reputations.
Compared with a decade ago, the career paths offered by accounting firms are wider and more varied. Here are some of today’s most popular accounting specializations in Hong Kong. Corporate finance These specialists not only inhabit the glamorous world of initial public offerings and other fundraising measures, they also have acquired grassroots knowledge of valuation and credit analysis. The right specialist is a person with initiative and a knack for problem solving.
Another example of a CPA who has benefited from specializing is Brenda Tung at RSM Nelson Wheeler and an Institute member, who found the right specialism for her during a three-month secondment to the firm’s risk advisory services department. “Now I have great satisfaction in being able to convince clients to accept our recommendations to enhance their internal control procedures,” says Tung, who joined from the firm’s technical department in 2010. Such procedures, she adds, help client companies satisfy listing requirements in Hong Kong.