Hmmm, I was in 2 minds whether to post or not, as dont want to bring doom & gloom to everyone - but hey, I have plenty of time on my hands !!
Anyway, Im ACCA qualified with 13 years experience(maybe unlucky number???), of which, 7 years in Audit(In Big 4 for 5 years), and 6 years as Commercial Financial Controller/Finance Manager type roles. (1 year East Coast, 1 in Perth)
Understandably, Employers want 10 out of 10 of their requirements, and, recently, they are getting it !
I have been job hunting since start of May, which is 6 1/2 months now. I have met almost all the recruiters here, and get excellent feedback. However, they say there are some lower level jobs available(sub$100k, esp sub $80k), and a few very high level jobs(+$150k), but at my $100-$150k level, there is almost nothing, and a hugh amount of applicants for any scrap of a decent job.
Most of the Commercial accounting jobs available, prefer CA, or CPA. Most of the jobs available tend to be Management Account, Analysis, Cost controller type positions. They like Big 4 experience(dont ask me why, maybe prestige ??)
They want local experience, and a solid work history. Preferably matching exactly the position & systems they are trying to fill.
My Mate, a South African Accountant, ACCA, with a strong London banking career, was unemployed in Perth, also for 6 months, he found a job in Melbourne, and moved there last week.
Another Mate, was a UK Engineer who worked in Hong Kong, Singapore & Perth, was on great money at $180k, he's looking for $120k jobs, and hoping he gets them, as after 5 months of being made redundant, he signed on the dole 3 weeks ago.
My experience is broad, & multi-industry, more towards the entrepreneurial/manufacturing/hands-on type roles, and they are very rare !
The "who you know" is very true, but it is also frustrating & sad for the city. It means that the Perthians close ranks in a downturn and prefer locals, and mates, and not the best guy/girl for the job !
Anyway, it is what it is, hence I am looking on East coast also, as, even though there is a down turn there & also its hard to secure a job when not physically there, the career opportunities for immigrants are still over there. Having lived on both sides of Aus, the lack of entrepreneurialism & parochial nature in Perth gets up my nose sometimes.
In saying that, if I had a decent job, my perspective would be different & I'd probably be blind to that !
Just to sum up, Im not saying noone can get an accountant type job, of course people are still getting jobs, its just that I believe those people are fulfilling 10 out of 10 of the requirements.
If you do the same, then you can get the job too ! Personally, Iv had a fairly good, and varied career so far, but im over qualified for many of the jobs, and my varied experience is both a blessing and a burden.
Oh, and under the circumstances, competition is fierce amongst recruiters, where they are recruiting for positions they dont contractually have, but thats minor stuff, but others are really not playing nice ! Be careful.