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Career Guidance

Have you considered the number of career options within the Finance and Accounting sector?

From the exciting, edge-of-your-seat world of stockbroking to the highly valued practice of auditing, the Finance and Accounting Services (Fasset) Sector has a career for every aspiring number cruncher. Just some of the many careers in the finance and accounting sector include accountancy, bookkeeping, debt collecting, tax practitioning and accounting technicians. There are so many opportunities available in the fields of finance and accounting that the possibilities are truly endless

Who is Fasset?

Fasset is the Sector Education Training Authority, responsible for skills development in the sub sectors of Finance and Accounting.

Fasset seeks to further enhance learning opportunities by implementing suitable measures to facilitate the development of skills within the finance and accounting sector, addressing scarce and critical skills

What does Fasset offer to young people?

Although Fasset is not a direct employer, Fasset encourages learners to pursue finance related careers as the financial services sector is particularly important because it is the largest employer of people with financial management, accounting, and auditing skills.
This sector includes:

  • investment entities and trusts and company secretary services;
  • stockbroking and financial markets;
  • financial development organisations;
  • accounting;
  • bookkeeping;
  • auditing and tax services;
  • business and management consulting services;
  • the South African Revenue Service;
  • the national and provincial treasuries and ;
  • other activities auxiliary to financial intermediation, such as debt collection.

Fasset funded Bridging Programmes

Provides learners with bridging programmes for access to higher education, for access to employment and for the completion of qualifications and/or designations.

An example is the work readiness programme (access to employment).These programmes are designed specifically to assist unemployed graduates with both soft skills (e.g. business communication) and technical financial skills (virtual office; pastel etc) so that they can enter the workplace better equipped. Up to 80% of learners are placed in employment upon completion of the 6 month programme.

Click here to visit our Bridging Programmes page.

Scarce skills

Scarce skills refers to a shortage of people with the required attributes to fill positions available in the labour market. The attributes that employers are seeking when they try to fill positions in their organisations are specifically important. These may be qualifications, specific skills and experience, a specific race or gender or a combination of these attributes. Scarce skills are normally expressed in terms of the occupations for which there are not enough candidates available. Scarce skills in the financial services sector are mainly in the professional and technician and associated professional occupations. Although these occupational categories are experiencing above average growth, the shortages are often related to very special skills sought by employers. The lack of qualified black people, especially in the higher level occupations and professional designations, is considered a serious problem.

Click here to read the Fasset Scare Skills guide

Learnerships for Employed Learners

The implementation of learnerships will assist in addressing the existence of scarce skills. There are currently 32 learnerships that fall within the Fasset sector. Click here for more information on the learnerships available, then click on the learnership titles for comprehensive information on each learnership. Enquiries regarding any specific learnership can be addressed to the PQA Department or the relevant professional body.

Choosing a Financial Career

When choosing a financial career it is important to consider the different kinds of occupations that are available. It is also important to note that there are different pathways to a career in the finance sector. These pathways are often linked to membership of professional bodies and they lead to different career opportunities.

Financial professionals may belong to one or more professional bodies. Although professional body membership is in many instances not a prerequisite career in the finance sector, in some instances it is a requirement. Employers also often prefer to appoint people who are members of the professional bodies. The advantage for the employer is that a professional designation is a good indication of the skills level that the individual has. In addition, members of professional bodies are bound by code of ethics and conduct. Click here to download our Career Guidance brochure.