留学生assignment：决策分析分配-为杰出的会计毕业生选择最有望的工作岗位
发布时间：2017-03-01 14:58
Decision Analysis Assignment
– Choose the most prospective job position for an outstanding accounting graduate
Situation: 情况：
Micheal是一位杰出的学生，即将在香港大学完成研究生会计教育，在下列公司担任职务：外部审计员在安永的香港办公室; 在中国主要地区的顶级金融机构之一的研究助理，在香港的顶级汽车制造公司的销售人员和在中国主要国家的外商投资银行的分析师。
Micheal’s preference has the following order as: salary > working environment> social recognition> travel percentage> working hours; External environment factors (as mentioned later in the paper)remain relatively same for the next four to five years
Choice: Research assistant in one of the top-tier financial institutes in main land China
For an accounting graduate student, the choice for a career path is important. This paper aims to analyze the career choice of accounting graduate student Micheal. Upon graduation, Micheal was offered the positions as external auditor in EY’s HongKong office (one of the big four accounting firms), research assistant in one of the top-tier financial institutes in main land China, sales staff in a top-ranking car manufacturing company in HongKong and analyst in foreign-invested investment banking in main land China. Micheal’s main concerns for career are salary and chances for further development. Thus, he chose to be a research assistant in the top-tier financial institute.
With regard to Micheal’s main concerns as well as the prospective in further development, this paper believes that Micheal made the right choice. The main reasons are that being a research assistant in a top-tier financial institute not only provide considerable salary to its employee but also provide the training that can expose its staff to broader career development.
The above point can be proved by a comparison of decisions based on long-term development prospective. For an entry-level position as external auditor in the big four in Hong Kong, the salary is not as high as other positions providing the long hours put into the work. Since the big four companies aim to maximize its profits to minimize its labor cost, they put the work for its employee to be high-pressure, long-hour and highly-demanded. However, a job seeker with several-year big four working experiences is considered prospective by HR as they are qualified for a wide range of high-level positions: financial manager, accounting manager, senior analyst in stock exchanges, consultant, financial analyst in corporate. Even with such prospective future development , big four employees are not paid decently as they deserve especially if one have gradate-level education. For sales staff in a top-ranking car manufacturing company, the future development is not as prospective as other positions. Since profit margin in a top-ranking car manufacturing company is considerably high especially if its manufactures are allocated in low-cost labor market oversea, sales staffs are generally receive attractive salary in the beginning. In addition, marketing is one of the major divisions of generating profit in car manufacturing companies, sales person also have a high bonus based on performances. However, since the main concern for sales staff is to develop and maintain customer relationships, they don’t have extra value added for staying in the position and thus have a limited further development: sales manager or customer manager. The reason for such a judgment is that the main value developed by sales person are interpersonal skills on which they depend to make a living. Thus, they have no choice but focus on attracting more clients for whatever it takes under strong competition among peers. In addition, due to high-labor work load for sales person, most of them have a limited time in the position and would transfer to a more stable position after several years. However, due to limited exposure in early-year, they have a limited choice of high-level positions. Being an analyst in an investment banking is the second recommended choice for Micheal. Compared with big four CPA firms, investment banking provide more satisfying salary given the same hours put into work. In addition, the position also provides employee with a broad exposure to capital operation, portfolio management, investment consulting and commercial banking businesses. Micheal can have multiple choices for further development in investment banking and most of which are prospective. However, compared with the position in a top-tier financial institute, the prospective for a position in foreign-invested investment banking is limited by legal and governmental policies imposed by the government.
On the other hand, the decision can also be supported based on analysis and comparison of each job position based on Micheal’s personal preferences. For Micheal’s concern, he prefer a job with considerable salary, decent environment and limited travel environment and the order from the most concerned to the least concern are as: salary, working environment, social recognition, travel percentage and working hours. From his preference, we can find that the research assistant in one of the top-tier financial institutes in main land China is the most desirable one. The position provides one of the highest salary, neat and decent working environment, high recognition in Asia’s capital market, limited travel (Micheal would like to travel if he is paiddecently) and an acceptable working hours (equal or less than entry-level position big four).
Although the analysis for the job position choice considered both external (overall job conditions) and internal (Micheal’s personal preferences) factors, this paper is limited by omitting the effects of possible economic recession, changes in local and oversea government policies, changes in exchange rates, social turmoil risks, global weather changes, oversea market changes, recycles of domestic and oversea stock market as well as changes in consumer’s psychological conditions. In addition, this paper is also limited by not take into consideration of Micheal’s special personal issues: unexpected physical problems, family concerns and marriage decision. This paper assumes all these above factors remains relatively the same for the next four to five years.
All in all, considering the overall job conditions as well as Micheal’s personal preferences, this paper believes that the choice of being a research assistant in one of the top-tier financial institutes in main land China is the most prospective one for starting a career.
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