In a world where career paths are often unclear, women in the accounting profession are being urged to think strategically about their goals.
At the recent Women in Accountancy Forum, organized by the Institute of Certified Public Accountants (ICPAU), experts cautioned against pursuing multiple qualifications without a clear career direction.
Instead, they emphasized the importance of mentorship, practical experience, and adaptability in building a fulfilling career.
The Pitfall of Over-Qualification
Gloria Wakooba, Chairperson of the Women in Accountancy Committee, highlighted a growing trend among young professionals: stacking up qualifications without a clear vision.
“Many postgraduates, especially those with CPA qualifications, pursue advanced degrees without understanding their goals,” she said.
Wakooba urged women to broaden their horizons and explore diverse opportunities beyond traditional roles like banking.
“Don’t limit yourself to one vision of success. You might find opportunities in unexpected places,” she advised.
She also stressed the value of hands-on experience, suggesting that young accountants volunteer to manage financial records for churches or community organizations.
“Practical experience is crucial for building a successful career,” she added.
Breaking Free from Career Stagnation
Nancy Owino Amuge, Finance Manager at the Uganda Civil Aviation Authority (UCAA), challenged the notion that women must stay in the same organization for decades.
“Many women fear change, but who said you have to work in one place for 30 years?” she asked.
Amuge encouraged women to recognize their worth and explore new paths, including entrepreneurship.
“If your organization doesn’t appreciate your contributions, why not try somewhere else? Think outside the box,” she said.
She also emphasized the importance of mentorship in her own career journey.
“I’ve been privileged to have mentors who pushed me beyond my comfort zone. Those experiences shaped me into the leader I am today,” she shared.
Amuge called on women to embrace leadership opportunities, even when they come without immediate financial rewards.
“Acting roles and extra responsibilities put you on the radar for promotions,” she noted.
Staying Relevant in a Changing World
With the rise of artificial intelligence (AI) and evolving industry trends, Amuge stressed the need for continuous learning.
“AI is upon us, and we must stay relevant. I’m already thinking of how to teach it to my team,” she said.
She also encouraged women to participate in professional organizations, volunteer for leadership roles, and build strong support networks.
“The world has realized the value of women in leadership, but the question is: Are we ready?” she challenged.
Redefining Success
Freda Anne Namatovu, Director of Frontier Advisory Partners Limited, offered a refreshing perspective on success.
“You don’t have to compete with everyone. Success is about balance and purpose,” she said.
Namatovu cautioned against prioritizing career achievements at the expense of personal well-being.
“You can be a Member of Parliament, but if your children hate you, is that success?” she asked.
She urged women to focus on self-discovery and mentorship.
“If you can help people discover their purpose, you’ll reduce rivalry and create a more supportive environment,” she added.
Key Takeaways for Women in Accounting
The forum left attendees with actionable advice:
- Seek Mentorship: Learn from experienced professionals who can guide your career journey.
- Gain Practical Experience: Volunteer and explore diverse opportunities to build your skills.
- Embrace Change: Don’t be afraid to pivot or explore new career paths.
- Stay Updated: Continuously learn about industry trends, including AI and new regulations.
- Define Success on Your Terms: Balance career achievements with personal fulfillment.
