To choose a profession is a constant puzzle to all students, career guidance teachers and parents. Most of them generally believe that the students themselves should make the choice because they have to do the work they have chosen throughout their lives. This view seems logical because they will blame whoever chose the professions for them if they do not eventually like the chosen professions.
Does a student know enough at this young age to make such an important choice for a life time?
Many a student thinks he knows but often wind up choosing a career that is not completely satisfactory. Some frustrated ones eventually make a change after having wasted some time. I have seen many, including my son who did a civil engineering degree course, changed to do accountancy.
Does it make sense when a student says that he likes science and mathematics so he must be a doctor or an engineer? If a subject called ‘How to make money?’ is taught in school, I believe almost all the students would like to study this subject and finally choose the profession of making money.
Happiness is every one’s ultimate aim in life. How can you be happy if you do not have money? Just look at your parents, in all their lives they have been working hard for money, spending prudently and trying to save some money for their old age. So, the most important consideration is money.
Which profession pays the best salary?
There are so many banks in every town or city and invariably the top 1 or 2 jobs in every bank are accountants. Accountants can easily find employment.
In most cases, if the job pays well, anybody will not mind if the work is not too enjoyable. So, it all boils down to money, the most important consideration. The average income for accountants is more than the average income for doctors or any other profession.
There are more than 1,000 public listed companies in Malaysia and invariably the top 2 or 3 jobs in every company are people involved in accountancy. Top accountants usually become senior managers or Chief Executive Officer of listed corporations and they enjoy the highest salary among all professionals.
For example, when I was on the Board of IJM Corporation Bhd which has a market capitalization exceeding Rm 11 billion, we appointed Krishnan Tan, an accountant as CEO, even though we had more than 200 Engineers and Technicians. IJM Corporation Bhd’s annual report will show that the CEO’s pay is more than one million Ringgit a year.
Most of the senior partners of the larger accountancy firms earn more than one million Ringgit a year.
This is an extract from a business magazine quote “Genting Bhd topped the list in terms of highest-paid directors, paying the highest remuneration to its entire board last year.
Genting Bhd’s board of directors received RM140.9 million in 2013 compared with RM117 million in 2012, according to Malaysian Business magazine’s annual survey of the “Highest-Paid Directors”.
In a statement today, the magazine said it believed Genting’s highest-paid director was its executive chairman and chief executive, Tan Sri Lim Kok Thay, who received remuneration in the band of RM136.45 million-RM136.5 million in 2013.”
In fact, I have been using this article to convince almost all of my scholarship applicants to study accountancy. But a few still want to Doctors, Engineers and other professions.
I hope you are convinced!