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How to manage your career during a downturn

ICAEW provides insights and support to help you navigate the economic downturn, re-assess your future plans and recession-proof your career. We've collected a mix of career development resources reflecting the current economic environment and lessons learned from the global financial crisis of 2007–2009.

Plan ahead

Taking a fresh look at your options and assessing where you are can open up new pathways, whether you're starting your career or planning your next step.

ICAEW insights

Articles

Survival guide

Six tips to help soon-to-be graduates develop their careers from experts who got their own degrees during the Great Recession. Their advice includes focusing on your wellbeing, researching employers and tailoring your applications, improving your professional skills, and saving for emergencies.

How to be a good boss during a bad economy

Even in times of economic growth, it's challenging to be a good boss. This article is designed to help managers operating in tough times by outlining why it's so hard to be a good boss and exploring what the best leaders do during financial crises.

Writing a recession-proof resume

If you're applying for a new administrative job these days, chances are you will be competing with a larger pool of qualified candidates given the increasing unemployment rate. This means that your résumé doesn't just need to be good – it must capture the attention of prospective employers.

Me myself and I

While some companies are freezing pay to avoid job cuts during the recession, others have no choice but to axe employees which means more directors are seeking to become consultants, freelancers or portfolio workers.

How to protect your job in a recession

Your company has a plan to survive hard times. Do you?

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

eBooks

Reach the top in finance: the ambitious accountant's guide to career success

A career development guide for finance professionals who want to know how they can succeed as trusted advisors, business partners, senior leaders and innovators, regardless of whether they work in industry, not-for-profit or public practice.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Hone your skills

Whether you choose to develop your existing skillset or start learning something new, boosting your technical and soft skills will keep your experience relevant and could give you an edge.

Courses

ICAEW Academy of Professional Development
ICAEW Academy offer high quality learning and leadership development solutions for all career stages, across a wide range of sectors. The extensive portfolio of CPD courses are offered via a range of flexible delivery options.

CABA courses, workshops and events
Free online personal and professional development courses, from developing your mindset and effectiveness to mindfulness and emotional intelligence.

Articles

Learning to learn: Mental tools to help you master new skills

The fast pace of change in the business environment means executives must understand and quickly adapt to big shifts in how their companies operate and how work gets done. This article explores aspiration, self-awareness and curiosity as key attributes for successfully acquiring new knowledge and skills quickly. It presents practical strategies to shift your mindset to become an effective learner.

Three ways to use MOOCs to advance your career

Tips on how to use massive open online courses (MOOCs) effectively for personal and career development. The article presents different strategies depending on whether you are new to a topic or just want to brush up your skills, how much time you are able to commit, and whether you require certification.

Back in training

Can you really continue to grow during the chill wind of a recession, or is personal and professional development one of the first things to disappear in tougher times?

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

eBooks

Digital finance: big data, start-ups, and the future of financial services

This book takes a thoughtful look at how the industry is evolving, and it explains how to integrate concepts of digital finance into existing traditional finance platforms. It explores what successful companies are doing to maximize their opportunities in this context and offers suggestions on how to introduce digital finance into a firm's structure. Specific strategies for a digital future are presented, alongside numerous case studies that explore key attributes of success.

Good charts: the HBR guide to making smarter, more persuasive data visualizations

Provides an essential guide to how visualization works. It will help you turn plain, uninspiring charts that merely present information into smart, effective visualizations that powerfully convey ideas.

Financial Times guide to management : how to be a manager who makes a difference and gets results.

A guide to becoming an effective manager, full of practical tips and advice on to the everyday challenges of: Managing yourself; Developing communication skills and emotional intelligence; Managing others; Setting strategic direction; Managing change; Managing money, resources and technology.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Demonstrate your value

Networking, mentoring and raising your profile within your organisation or profession can help you showcase your skills and experience, keeping you visible.

ICAEW support and opportunities

ICAEW Coaching and Mentoring Programme
Enhance your career in finance with a bespoke coaching and mentoring programme from ICAEW Academy. Our industry experts can empower you and further your finance career with tailor-made professional development.

ICAEW governance and committees
Volunteer your time and expertise to serve on ICAEW's technical strategy committees and professional standards committees.

Articles

How mentorship and sponsorship build your career

Mentorship and sponsorship are two common ways for others to help you on your career path, but they serve different roles in your professional development. This article compares the sponsorship or mentee experience with the mentorship role and explains how to find a sponsor or find a mentor.

Learn to love networking

Lab-tested methods can help you build relationships and discover new opportunities through networking.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

eBooks

Personal impact: what it takes to make a difference

Self-help guide for professional development.

Coaching and mentoring

Examines how to create practical conversations to improve learning and encourage personal development.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Consider volunteering

Voluntary work in non-executive or trustee roles, fundraising or leading projects for charities, schools or community groups is a great way to stand out, give back to your community and add fresh experience to your CV.

ICAEW Volunteers
Search for voluntary roles across different business sectors and locations.

Volunteering at schools and universities
ICAEW has a number of opportunities for enthusiastic ACA chartered accountants and students to join our network.

ICAEW Volunteering Community
The Volunteering Community provides you with essential tools and information to help you on your volunteering journey, whether you're a trustee of a large not-for-profit, or simply looking to help a local charity with their accounts.


* Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.