Accounting is frequently seen as a satisfying and steady profession with plenty of prospects for everyone. To some extent, this is true; however, due to the nature of the Australian economy and migration factors, graduate possibilities can be quite competitive. Both local and overseas students compete for a limited number of marketplaces, emphasizing the need for work experience.
Internships are a fantastic method to learn and develop practical skills that are difficult to get in a university or college setting. Accounting internships are planned hands-on learning opportunities designed to provide graduates and students with an advantage in the job market.
Why International Interns are In-demand
Allowing overseas students to apply for internships and graduate programs expands the talent pool, allowing companies to choose the top students and graduates.
Many overseas students want to stay in Australia after graduation. If they are given a long-term position, they are likely to take it and demonstrate their devotion to their employers.
Advantages of Hiring International Students
Here are some of the benefits of employing an overseas student for accounting internships:
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Access to market intelligence from other countries, including supply chain and cultural data that might be advantageous to the company in the long run.
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Bi- or trilingual employees who can efficiently communicate with clients and suppliers from other countries.
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Ability to easily transport international students to abroad offices (visa dependent).
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Opportunity to teach current employees in managing people from other cultures and backgrounds; this is especially important if the company is considering offshore.
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a new set of eyes, new ways of doing business, and fresh ideas
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Enthusiasm; International students and graduates frequently bring an uncontrolled excitement for their new country, organisation, and career. This, in turn, inspires other employees to be more appreciative of their circumstances.
Visas for Skilled Migrants
Qualified Accountants are eligible for any of the Temporary Skills Shortage (TSS) visas due to the high demand in Australia. Which is an excellent choice if you want to stay for a long time. This visa route provides both a short-term (up to two years) and a medium-term (up to three years) visa (up to four years with a pathway to permanent residency).
We recommend speaking with an immigration professional to find out where you stand. Although it is a simple process, it does take time, as do other visa applications, so bear that in mind. You can start the application process before you arrive if you have a visa, although it isn’t often essential because accountants don’t stay unemployed for long.
Professional Year Program Internships in Accounting
A Professional Year internship placement will allow you to put your education into practical use, pick up new skills, and expand your network. Host Firms treat students well through experience, and it is indeed a great stepping stone for international students seeking employment in Australia.
What Can I Anticipate From An Internship In Accounting?
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An accounting internship can be full or part-time. It will provide you with hands-on experience and training in the areas of accounting, tax, and business advisory. All while being supervised by professionals in the field. This will help you develop the skills needed to manage a client portfolio.
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Preparing Business Activity Statements and Instalment Activity Statements, Income Tax Returns, and bookkeeping are regular tasks. They are being schooled in accounting software such as MYOB, Xero, and Quickbooks.
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Accounting internships vary in focus. As an example, some may focus on corporate accounting, while others focus on tax preparation or auditing.
What Are the Requirements Of Accounting Businesses and Departments?
Volunteer jobs or engagement in your school or religious organisation may help you stand out in your cover letter, CV, and job interview by demonstrating instances of collaboration, time management, communication, presentation skills, and leadership.
Know What You’re Looking for in an Accounting Internship
It’s critical to consider what the company expects from you and what you expect from them. As previously noted, various internships may focus on different topics, so consider where you want your accounting career to lead you. Alternatively, you could choose to complete more than one internship to assist you to figure out which accounting profession you want to pursue. Understanding your priorities, strengths, and values can help you make better professional decisions, and playing to your strengths will help employers figure out what kind of employee you’ll be.
Completing an Accounting Internship Has Its Advantages
Completing an accounting internship not only looks excellent on your CV. But it also tells companies that you have relevant local experience. Which will help you stand out when applying for your next accounting position. You can be given a job at your internship site if you create a strong enough impression.
Another advantage of getting hands-on experience through an internship is that you’ll be more prepared when you do snag that dream accounting job.
Choosing a Good Accounting Internship
There are many internship options for accounting professionals. Whether you’re seeking temporary or fixed-term positions to keep things running. While you’re on the road or want to settle down and make a permanent shift.
Some people searching for short-term temporary work may gladly drop down a position level since their primary objective is to find a job that they can do confidently. While also allowing them to enjoy Australia without the stress that comes with striving for challenge and advancement. Those who want to stay for a longer period of time can locate employment that will help them build their resume and will be looked upon favourably if they return.
In Conclusion
For Australian businesses, international students are a significant and mostly untapped resource. It’s important to remember that interns aren’t the only ones attempting to impress companies. Who may wish to recruit skilled interns later are as well.
This is motivating information to remember. If you’ve been offered an internship after a Professional Year Program Australia, you’ve most likely already shown drive, aptitude, and the capacity to work consistently hard. So don’t be nervous to ask about what internship supervisors may provide you as a student.