Dec 04 2019 19 mins
Contact Robert: https://www.linkedin.com/in/rwleonard/
The Investors Network Podcast: www.theinvestorspodcast.com
IMA Life-Robert Leonard: https://sfmagazine.com/post-entry/july-2019-ima-life-adding-impact/
FULL EPISODE TRANSCRIPT
Mitch: (00:00)
This is Count Me In, IMA's podcast about all things affecting the accounting and finance world. I am Mitch Roshong and I'd like to welcome you back for episode 32 with corporate finance manager Robert Leonard. In this episode, Robert talks to us about climbing the ladder in today's industry and why accounting skills are so valuable. So now let's head over to his conversation with Adam
Adam: (00:26)
So Robert, what advice do you have for students or recent graduates hoping to break into accounting and finance fields?
Robert: (00:40)
I think one of the biggest things is don't be afraid to take a position that isn't perfect or doesn't pay the most. I think you need to think longterm and you know, ideally look for opportunities where you'll have a mentor.
Adam: (00:58)
So how do they find that mentor?
Robert: (01:01)
I think it's through the interview process. Usually when you go to interview, you'll have three or four different people that you'll be meeting with in general and see if any of those people seem like they might be be great mentors for you. And I recently made a job change actually, but within the last six months or so and I was in a position where I was very, very happy. I didn't want to leave the organization that I was at, but the new company, the the gentleman that was going to be hiring me had those characteristics that I was looking for in a mentor. Yeah, I thought he was going to be a great mentor and that was one of the big things that really swayed me there and, and I think you should interview even if you're not a hundred percent certain on the position, you can learn a lot in the interview and that can really help you determine if there's opportunities that might not be present in the job description. I've interviewed for positions before in the past that weren't necessarily right up my alley, but it ended up being a great opportunity for me that I really enjoyed. And I think other ways you can break into the accounting and finance field, they're learning outside the classroom. I think that's so big these days. Well, a lot of people are still going to college and there is great value in college. I think learning outside the classroom is critical and specifically skills outside of like a normal college. So Excel or just how to professionally write emails and professional communications that can be taught in school. When I, back when I was in college, probably the best course I took throughout my entire college career was my professional communications course and that's helped me in various ways that I never would've expected in my career. And I think it's those skills that are more tailored for outside the classroom that can really help [inaudible] break into an accounting and finance field. And just one more thing that I think you can do these days is published content on LinkedIn and it should be tailored to the type of job that you want to get. So if you want to get in accounting and finance, post content about accounting and finance on LinkedIn and that should be able to help you get in front of either recruiters or just prove your knowledge too, potential employers. So you've got a mentor, you've got those first few jobs, you've gone on interviews and then you know, you start your first job. You know, what does it take to kind of climb that corporate ladder in today's accounting industry? I think what's so interesting about climbing the corporate ladder today is that it doesn't just take time anymore. You know, decades ago you could just kind of do the same thing and day in and day out and eventually you would follow the path and you gradually climb the corporate ladder. And I don't really think that's the case anymore. I think what you need to do to climb the corporate ladder is you need to work really hard and do things above and beyond so that you're the first person that a company thinks of when they have an opening. I think there's a lot of turnover these days in companies and so it's almost eminent that there's going to be an opening and when that opening does happen, you want to be the first person that your boss or their boss thinks of when that opening come so that they choose you to go into that new position. And I think that just comes from going above and beyond taking on additional projects that maybe no fit your job description perfectly, but you know the company needs pure hard work. Just be the first one in the office and the last one to leave and if you don't know how to do something, find a way to do it. If you take on additional projects area, there's additional projects that you want to take on and you might not know how to do it. You can, there's so many free resources out there these days to learn what you may need to know to get that project completed. So I just say find a way to do it. And I think the other, I live my career, bye. Three things and it's really helped me advance my career. And that's humility, a dedication to lifelong learning and hard work. Humility allows you to realize that you don't know everything and that you still have a lot to learn. But by being dedicated to learning, you can learn the things that you don't know and then apply it through hard work. And I think, I honestly think what those three things, anything is possible. And I'm still relatively early on in my career myself, but I've scaled my career pretty quickly by those three things. And I think those are really the three critical things that you need to climb the corporate ladder in today's accounting industry. And another aspect of it that I think is relatively uncommon to be talked about, especially when we're talking about work, we're talking about climbing the corporate ladder, right? So what does, what does personal finance have to do climbing the corporate ladder in an accounting industry? Well, I think it has a big role and I think what we'll see play out over the next few years and I think it'll be an increasingly important role. And the reason I say that is because if you can get your personal finances in order, you're able to take risks with your career that will play out over the long term, better for you but might not be as helpful in the short term. Right? So if you are in a financial position with your personal finances where you're a little bit tight on money and okay, you might need to take a the next job that you want to take and you might have to go to the job that has the highest salary even though it might be short term, highest salary and not a lot of opportunities for growth. Sure you could switch companies and you know, kind of do the job hopping thing. But in general that's not a great strategy. Whereas if you have your personal finances in order and you're coming from a really strong background of, of your finances, you can take us a little bit of a short term hit maybe that that next job isn't as big of an increase in pay as you want, but you're getting a great mentor, you have huge opportunities for growth. And over the next three to five years you could double your salary or you know even more, you know, I think, but if you don't come from a position of financial strength where you have that abi...