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Jun 2016

Ready for business: bridging the employability gap

There is a global employability gap. While 75 million young people across the world cannot find work, many businesses have vacancies they cannot fill. Employability is of critical importance to students, and we are determined to ensure CIMA students gain the skills business needs - now and into the future - so that our members are always highly employable.

Working with stakeholders across the world we conducted comprehensive research into the role of management accountants, the skills employers expect of them, and how these are changing. This has allowed us to develop a competency framework for the future and we have developed our 2015 CIMA syllabus and assessment process to address the skills that employers will need. We found that the role of finance is being transformed in response to business needs. Finance professionals today are not just expected to have the technical skills to produce of good accounting information, but also to apply financial disciplines in business management, to influence people and lead within the organisation. 

Competencies employers expect include core accounting and finance skills, business acumen, people skills and leadership skills, which must be underpinned by ethics, integrity and professionalism. Finance professionals should have an understanding of the organisation, its business model, its strategic context and its competitive position, in order to improve performance. This report explores the disconnect between educators’ priorities and the skills business needs, and explains the way we updated our syllabus and assessment, in collaboration with key stakeholders, to bridge the gap.

Following the release of the report, CIMA has explored these issues in greater detail through roundtable discussions and produced the following reports on local perspectives:

CGMA Resources

Browse the full range of Thought Leadership resources here.

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Ready for business: bridging the employability gap

Looking at this syllabus and assessment, it makes me wish I’d studied CIMA. It’s like a ‘finance MBA’. But unlike an MBA, CIMA has a Code of Ethics, which has to be followed. And you need to maintain Continuous Professional Development on an ongoing basis.

Jim Robertson CA, CTA Shell, VP, Tax, Americas