Too old ? | Finance Jobs | Career Doctor | ClassifiedPost Hong Kong
Career Doctor
Too old ?
ok
posted on Wednesday, 09 June 2010 17:40
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Dear Doctor,

I am in my mid-40s, with ACCA, MBA & over 20 years of commercial (mostly managerial) experience but with no PRC exposure.

I am recently unemployed and find I could hardly find a vacancy matched as most of them required PRC / banking / insurance / listed co. experience.

I don't mind to get these experience from junior post like accountant or whatever and cutting half of my current salary. I just afraid my age is too old to compete these job.

Would it be more easier to can these type of job through headhunter. As I think the recruiter will simply throw away my CV with their first glance of my date of birth.

And what do you think about a even lower position that may be introduced by a friend ?

So what should I do ?

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23 Comments
Anonymous's picture
helmut poon
Posted Friday, 22 October 2010 08:30 PM

I absolutely agree with McKony's point of view as I have experienced it.

Anonymous's picture
L.B. SAW
Posted Thursday, 14 October 2010 02:47 PM

I read with interest on the number of people in their 50s seeking a job but with no success. I am in that group. Having co-owned and managed several successful businesses in the past, and having held very senior positions, (I came from a humble beginning and worked my way to the top without any university degree) and since losing the business during the financial recession, I, too, have been trying to secure a job to survive. Fact is it will be a disadvantage at our age, and our experience is a threat to the younger executives (that are given the role to hire staff) which eliminate our application from further consideration. Employment consultancy firms may not really do much as they merely recruit for their clients (employers) based on the given requirements and post 50 years of age is hardly a preferred choice. So here we are - all energetic, experienced and capable people in the 50s trying to get a job that is hard to come by. Why don't we all get together to brainstorm a plan to place us all back into employment. I will be glad to participate. Let's all get together and express our strengths (and weaknesses) to come up with a workable plan - a concerted effort from a group of 50s offering their services with quality and effectiveness - there is the consultancy services sector, the welfare administration sector, the civic education sector, and even the hospitality sector. There will be roles for everyone in the 50s. Let's get together. UNITED we will overcome and our values will be recognised. Let's not despair.

Anonymous's picture
patrick
Posted Friday, 08 October 2010 11:07 PM

It's a difficult job market out there ..

Anonymous's picture
500
Posted Sunday, 08 August 2010 09:30 PM

Please try government / NGO, usually they recruit contract accountants and PRC experience is not a critical attribute. The problem with the mid-age accountant is usually in the skill mismatch, senior accounting job is not that much about management anymore, nowadays even junior accountants in the AR AP roles already got CPA qualifications, the key value-added of experience accountant may be in the role of creating useful and timely analysis to the senior management. That's the area young accountants still need to catch up.

Anonymous's picture
mid 40 mummy
Posted Wednesday, 04 August 2010 09:51 AM

I want to search part time commercial job. But it is not so easy.
I suggest you can consider part time teaching. To share your audit/accounting experience with others. teacher is master of classroom. you can gain confidence and polish presentation skills. Maybe consider a full time teaching career. Lecturers are similar age in education sector.

Career Doctor's picture
Career Doctor  
Posted Thursday, 17 June 2010 11:39 AM

Your accounting knowledge and skills can never be outdated. Regarding those regulatory issues, accounting professional bodies like ACCA do have regular courses for members to learn and keep their qualifications up-to-date.

You’re a qualified accountant, with or without a degree you can still be in management, as you’re a professional. You've proven your value – worked and studied hard to achieve that. You should be proud of it. Why lose faith and confidence?

Regarding your lack of experience with listed companies, it can't be and never will be a hurdle as do you know how many SMEs & Private Owned companies there are here in HK? PRC experience can be advantageous but certainly not a must, so don't be distracted.

Your direction is right. Target those companies that'll treasure and acknowledge your experience and exposure. Those 3 potential employers must have found your experience relevant, you didn't get it in the end as it might have been due to your lack of confidence, and perhaps your presentation skills.

You need to be more expressive and have faith in yourself that you are completely competent and capable. And that age "is" an advantage, that's your true "value"!

We don't only grow old, but/and wiser too! Write back to tell us how your interview goes. Good Luck!

Anonymous's picture
PYoung
Posted Tuesday, 15 June 2010 09:55 AM

McKony is right. I am over 50 and been out of job for more than six months without PRC/banking experience and my accounting knowledge is a bit out of date. I'm still catching on.

Therefore, I try to focus on finding jobs based on my expertise area. By sending out less than 15 letters, I had 3 interviews. However, those companies found better qualified person to fill the post. 3 out of 15 is not bad, so you need to be focus and tailor your resume and covering letter to suit the position advertised.

I don't have an accounting degree and manage to shift my career to management. You have a better position than me. Keep up and enjoy the process. By the way, I'll have an interview this week. Hope I can get it this time.

Anonymous's picture
SC
Posted Monday, 14 June 2010 09:20 PM

Why not accept Hong Kong Government re-training programme?
Re-training as a building care-taker for example ...

Anonymous's picture
Earningjato
Posted Monday, 14 June 2010 05:50 PM

I agreed there is serious age discrimination in HK job market, I am also in mid age and lost job for two months.
Even though I've got some interviews and show my cv an experienced accountant and administrator, I don't think they wants a stranger with mid age staff in office, they looking for a hardwork cow can work for 10 hrs,that's why they want a young, excellent health person in place. So, these time, I open my company selling online and attending lots of seminar and talks to open my mind, not only finding the accounting back office jobs . Adding value to yr service, telling people you can earn money for the company, have the networking of various industries, that's our value in the job market. We need to change, early retirement is just kidding for most people, if I have a good financial situation, I already brought few flats and retired 10 years ago.

Anonymous's picture
Jack
Posted Sunday, 13 June 2010 03:45 PM

This is not the end of the story. May be a new page is ready for you to kick start. If you don't have PRC experience, just kick start now. May be look for a job in China, the area is close to Hong Kong. Or the other way around, try to start a new but small business in China. As small as retail business, you will learn more than you think. Get use to the business environment that can help you a lot for your next step. Or work for a friend who is a SME owner as free for a while, better then sit at home and do nothing or keep on sending CVs. Good Luck and all the best. The demand for goods or service from China is more than you expected, may be you will be one of the successful cases.

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