How can I use self-taught skills in business management to advance my career?

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SUMMARY

The discussion centers on the challenges of transitioning from an accounting role to a business management position, emphasizing the importance of experience alongside self-taught skills in business administration. Participants highlight that while pursuing education in business management is beneficial, it does not equate to practical experience, which is crucial for higher-level positions. The consensus is that candidates must start at lower management levels to demonstrate their capabilities in people management, strategic thinking, and delivering results. Additionally, leveraging existing accounting knowledge can provide a competitive edge in job negotiations.

PREREQUISITES
  • Understanding of business management principles
  • Familiarity with career progression in corporate environments
  • Knowledge of people management and motivation techniques
  • Basic accounting principles and practices
NEXT STEPS
  • Research entry-level management roles in consultancy firms
  • Explore courses on people management and leadership skills
  • Learn about strategic thinking frameworks in business
  • Investigate networking opportunities within business management circles
USEFUL FOR

Individuals transitioning from accounting to business management, aspiring managers seeking to enhance their qualifications, and professionals aiming to understand the corporate ladder dynamics in management roles.

trueo
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new skill needs job change:D

I would like to know how are they related ?

I am now working as an accountant and also trying to save my free time at night learning business administration and management, how can I persuade my future interviewers/employers that I do have skills in business management if later I leave the current company for another one. Teaching and training oneself some subjects can't be proven as working experience to most employers. Even when hired, I can't be evaluated as an experienced business manager, because I was an accountant and hence the expected salary might be much lower (than that for an experienced accountant). I am looking for a link between these two to step up. :cool: Thank you for your advice, suggestions and teachings.
 
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Have you considered moving to one of the big (international client base) accountancy firms on the management consultancy side?
 


What are you saying? That because you pursue further (after-hours) education in "Business Management" that someone should hire you to be Plant Manager, Financial Director, or Chief Executive Officer? That's not realistic. Education without experience has little use.

And the reality of the corporate world is this:
  • There is one or more ladders to the upper ranks of "Business Management" positions.
  • In any existing corporation, all of the rungs of those ladders already have people waiting to move up.
  • In any new company, you can only get to those upper Business Management positions if you have experience.

If you want to gain "Business Management" experience, then you'll have to do this in your own company or another. But either way you'll have to start at the lower levels and prove your managerial skills of people manangement & motivation, big- and bigger-picture thinking, and delivering positive results. It seems to have a bit of an advantage that you could bring to the negotiations: you already have a deeper understanding of accounting than probably the other candidate in the waiting room.
 

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