Business Careers Handbook

Page 112

110

HOW TO GET HIRED

The Business Careers Handbook 2020

Researching and choosing the right organisation

Once you have chosen a specialisation, then your next decision – which organisation to apply for – can fast become a vexing one. Even if you have a strong sense of where you’d like to work, it pays to ensure that your decision is a carefully considered one. After all, why shouldn’t you reward yourself with the best possible start to your career?

There is always scope for change – you may just need to take a backwards or sideways step, depending on the stage at which you choose to switch. For example, it can often be easier to make a switch in the earlier stages of your career.

To help you make the best choice, we’ve compiled a list of seven key questions every business graduate should be able to answer when considering a prospective organisation.

The importance of culture in an organisation cannot be overstated. After all, there are few other environments in which you’ll work as intensely or closely with other groups of people, so it pays to ensure that you fit in and feel supported.

Q

How large is the organisation?

Organisations range in size from tiny boutique outfits that tend to specialise in niche areas, such as small accounting firms, to global giants like PwC, which employs more than 223,000 people in 157 countries. There are pros and cons to working in organisations at either end of the spectrum. While some may be drawn to the scale, stability and career advancement opportunities offered by medium and large organisations, others will prefer smaller organisations where they can focus on specific topics of interest, develop close client relationships and potentially enjoy a more close-knit culture. Smaller organisations may have a faster growth trajectory given their ‘all hands on deck’ approach. Of course, there are few merits that are reliably exclusive to firms of any size, so the scale of any specific firm should be considered only insofar as it might impact on your career satisfaction and advancement.

Q

Will you be working in a specialisation that interests you?

As you’ve seen in the first section of this guide, there are many areas in which you could choose to specialise. If you have a strong sense of which specialisation interests you most, then it’s worth seeking out organisations that will cultivate your passion. It’s also important to consider whether your personality fits the specialisation. Bear in mind that it may be challenging to switch specialisations once you commit to one. This doesn’t mean it can’t be done! www.gradaustralia.com.au

Q

What’s the culture of the organisation like?

To properly evaluate the culture of an organisation, you’ll need to ask a variety of questions: How competitive is the organisation? What sort of people work there? What is expected of graduate employees? What are the people like? How many hours a week will I work? Organisations and even individual teams within organisations also vary widely in their value systems. Some may value individualism, conspicuous effort or reaching monetary targets; others may value employee and client satisfaction, work/life balance or community engagement. Where possible, try to secure a position in an organisation whose values are consistent with yours.

Q

Will working at this organisation help you in your career? On average, people change jobs between 11 and 12 times during their careers. So, it pays to consider where you want to be not just for the next few years but in a decade or so. If you have a strong sense of your career goals, then you should ensure the firm you’re interested in will help you meet them. This might mean checking that you’ll learn the right skills, focus on the right issues, gain the right experience or network with the right people.

Some firms have established professional development initiatives, especially those with structured graduate programs. Just be certain that your career will grow at your target organisation, and not be restricted because of it. Remember, you should always choose an organisation that facilitates the


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Articles inside

Maintaining mental health

2min
pages 130-132

Establishing strong professional relationships

5min
pages 126-127

Handling performance reviews

3min
page 125

Learning how to resign

1min
page 129

Managing your time

3min
page 128

Managing social media

3min
pages 121-123

What to expect at an assessment centre

2min
page 119

Understanding probation

3min
page 124

Getting an offer

2min
page 120

How to ace an interview

3min
page 118

Writing a CV and cover letter

7min
pages 114-115

Sample cover letter

4min
pages 116-117

Researching and choosing the right organisation

6min
pages 112-113

The ultimate career readiness checklist

6min
pages 110-111

Professional services

47min
pages 88-109

In-house and corporate

51min
pages 66-87

Government sector

30min
pages 54-65

Freelance and start-ups

6min
pages 52-53

Community sector

8min
pages 48-51

Academia

5min
pages 46-47

Restructuring and insolvency

3min
page 42

Tax advisory

3min
pages 44-45

Management consulting – operations, process and technology

3min
page 40

Insurance

3min
page 39

Risk management

3min
page 43

Management consulting – strategy

3min
page 41

Forensic accounting

3min
page 38

Economics

3min
page 37

Assurance and audit

3min
page 36

Financial planning

3min
page 34

Funds management

3min
page 30

Hedge funds

3min
page 31

Venture capital

3min
page 33

Operations and supply chain

3min
page 27

Private equity

3min
page 32

Sales and customer service

3min
page 28

Marketing

3min
page 26

Innovation and digital

3min
page 25

Human resources

3min
page 24

Communications and public relations

3min
page 23

Accounting

3min
page 22

M&A and capital markets

3min
page 17

Trading

3min
pages 19-20

Corporate and institutional banking

3min
page 16

Corporate and asset finance

3min
page 15

Business banking

3min
page 14

Introduction

1min
pages 4-5

Retail banking

3min
page 18
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