How good a decision to take a career break
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2011
Dear All,
I am qualified CA, Working with a reputed Software company as an ERP consultant from past 5 years, i'm in a confusion stage now, to take care of my 6th month old baby need to take a career break.
Give me your valuable suggestions,
1)as will this career break for 2 years affect for rejoin ?
2)one more suggestion needed is i don't want to rejoin as an ERP Consultant , want to come back to our Core field, which course is helpful for me to do in this break period to rejoin in the core field for financials/Tax. Please help me to come out of confusion stage.
I am qualified CA, Working with a reputed Software company as an ERP consultant from past 5 years, i'm in a confusion stage now, to take care of my 6th month old baby need to take a career break.
Give me your valuable suggestions,
1)as will this career break for 2 years affect for rejoin ?
2)one more suggestion needed is i don't want to rejoin as an ERP Consultant , want to come back to our Core field, which course is helpful for me to do in this break period to rejoin in the core field for financials/Tax. Please help me to come out of confusion stage.
03 March 2011
Will not be much problem, you can say taken break for care taking of child..IN this 2 years just keep update of yourself, yes you have 2 years time then u can do some course.
Will update on courses..
Will update on courses..
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2011
will get back to u to advice the courses
28 July 2024
Taking a career break is a significant decision, especially when considering your qualifications and career trajectory. Here’s a detailed response to address your concerns and help you make an informed decision:
### **1. Impact of a Career Break on Rejoining the Workforce**
**Impact on Rejoining:**
- **Skills and Knowledge Gap**: A 2-year break can lead to a gap in industry-specific skills and knowledge, especially in fast-evolving fields like ERP and finance. However, if you stay updated with industry trends and continue learning, this impact can be mitigated.
- **Reputation and Professional Network**: Maintaining your professional network and staying active in industry forums or groups can help ease the transition back into your core field. Networking and staying updated with industry developments can also make reentry smoother.
- **Career Goals**: If your goal is to return to a core finance/tax role, a break might allow you to re-align your career goals and focus on roles that better fit your aspirations.
**Tips for a Smooth Transition Back:**
- **Stay Connected**: Keep in touch with former colleagues and industry contacts. Join professional groups or associations related to finance and tax.
- **Update Skills**: Use the break to enhance your qualifications and skills related to your core field. This can make you more attractive to future employers.
- **Freelance/Consulting**: If possible, consider part-time freelance or consulting work in finance during your break to keep your skills sharp and maintain professional connections.
### **2. Courses and Learning During the Break**
To transition back to the core field of finance and tax after a career break, consider the following courses and certifications:
**Certifications and Courses:**
- **Certified Public Accountant (CPA)**: If you haven’t already pursued this, it’s a prestigious certification that can enhance your credibility in finance and accounting.
- **Chartered Financial Analyst (CFA)**: Useful for finance roles involving investment management and financial analysis.
- **Certified Management Accountant (CMA)**: Focuses on financial management and strategic management, which could be beneficial.
- **International Financial Reporting Standards (IFRS) Certification**: Important if you’re looking to work in international finance or companies following IFRS.
- **Advanced Taxation Course**: This can deepen your understanding of tax laws and regulations, which is critical for roles involving tax planning and compliance.
- **Online Courses and MOOCs**: Platforms like Coursera, edX, and LinkedIn Learning offer courses in finance and tax that can be pursued flexibly.
**Additional Learning Resources:**
- **Professional Journals and Magazines**: Subscribe to journals or magazines related to finance and tax to stay updated with current trends and changes in regulations.
- **Networking Events and Webinars**: Attend webinars, workshops, and conferences related to finance and tax to keep your knowledge current and to network with professionals in the field.
### **Making the Decision**
**Pros of Taking a Career Break:**
- **Family Time**: Provides the opportunity to spend valuable time with your baby and manage family responsibilities.
- **Reevaluation**: Allows you to reassess your career goals and aspirations.
- **Personal Growth**: Gives you time to acquire new skills or certifications that may be beneficial for your future career.
**Cons of Taking a Career Break:**
- **Potential Skill Gap**: You might face challenges due to changes in industry trends and technology.
- **Career Reentry**: There may be challenges in re-entering the workforce, especially in a different role or field.
- **Financial Impact**: Evaluate the financial implications of a break and plan accordingly.
### **Conclusion**
Taking a career break to focus on family can be a rewarding decision, but it’s essential to plan how you will manage your career transition. Use the break to stay engaged with your core field through learning and networking. When you're ready to return, your updated skills and professional connections will help facilitate a smoother transition back into finance or tax roles.
**Action Plan:**
1. **Plan Your Break**: Define the break period clearly and set goals for what you want to achieve during this time.
2. **Invest in Learning**: Pursue relevant courses or certifications that will enhance your qualifications in finance and tax.
3. **Stay Connected**: Engage with your professional network and industry resources to keep abreast of developments in your field.
4. **Evaluate Opportunities**: When nearing the end of your break, explore job opportunities and network extensively to find a role that aligns with your career goals.
Taking these steps can help ensure that your career break is productive and sets you up for a successful return to your core field.
### **1. Impact of a Career Break on Rejoining the Workforce**
**Impact on Rejoining:**
- **Skills and Knowledge Gap**: A 2-year break can lead to a gap in industry-specific skills and knowledge, especially in fast-evolving fields like ERP and finance. However, if you stay updated with industry trends and continue learning, this impact can be mitigated.
- **Reputation and Professional Network**: Maintaining your professional network and staying active in industry forums or groups can help ease the transition back into your core field. Networking and staying updated with industry developments can also make reentry smoother.
- **Career Goals**: If your goal is to return to a core finance/tax role, a break might allow you to re-align your career goals and focus on roles that better fit your aspirations.
**Tips for a Smooth Transition Back:**
- **Stay Connected**: Keep in touch with former colleagues and industry contacts. Join professional groups or associations related to finance and tax.
- **Update Skills**: Use the break to enhance your qualifications and skills related to your core field. This can make you more attractive to future employers.
- **Freelance/Consulting**: If possible, consider part-time freelance or consulting work in finance during your break to keep your skills sharp and maintain professional connections.
### **2. Courses and Learning During the Break**
To transition back to the core field of finance and tax after a career break, consider the following courses and certifications:
**Certifications and Courses:**
- **Certified Public Accountant (CPA)**: If you haven’t already pursued this, it’s a prestigious certification that can enhance your credibility in finance and accounting.
- **Chartered Financial Analyst (CFA)**: Useful for finance roles involving investment management and financial analysis.
- **Certified Management Accountant (CMA)**: Focuses on financial management and strategic management, which could be beneficial.
- **International Financial Reporting Standards (IFRS) Certification**: Important if you’re looking to work in international finance or companies following IFRS.
- **Advanced Taxation Course**: This can deepen your understanding of tax laws and regulations, which is critical for roles involving tax planning and compliance.
- **Online Courses and MOOCs**: Platforms like Coursera, edX, and LinkedIn Learning offer courses in finance and tax that can be pursued flexibly.
**Additional Learning Resources:**
- **Professional Journals and Magazines**: Subscribe to journals or magazines related to finance and tax to stay updated with current trends and changes in regulations.
- **Networking Events and Webinars**: Attend webinars, workshops, and conferences related to finance and tax to keep your knowledge current and to network with professionals in the field.
### **Making the Decision**
**Pros of Taking a Career Break:**
- **Family Time**: Provides the opportunity to spend valuable time with your baby and manage family responsibilities.
- **Reevaluation**: Allows you to reassess your career goals and aspirations.
- **Personal Growth**: Gives you time to acquire new skills or certifications that may be beneficial for your future career.
**Cons of Taking a Career Break:**
- **Potential Skill Gap**: You might face challenges due to changes in industry trends and technology.
- **Career Reentry**: There may be challenges in re-entering the workforce, especially in a different role or field.
- **Financial Impact**: Evaluate the financial implications of a break and plan accordingly.
### **Conclusion**
Taking a career break to focus on family can be a rewarding decision, but it’s essential to plan how you will manage your career transition. Use the break to stay engaged with your core field through learning and networking. When you're ready to return, your updated skills and professional connections will help facilitate a smoother transition back into finance or tax roles.
**Action Plan:**
1. **Plan Your Break**: Define the break period clearly and set goals for what you want to achieve during this time.
2. **Invest in Learning**: Pursue relevant courses or certifications that will enhance your qualifications in finance and tax.
3. **Stay Connected**: Engage with your professional network and industry resources to keep abreast of developments in your field.
4. **Evaluate Opportunities**: When nearing the end of your break, explore job opportunities and network extensively to find a role that aligns with your career goals.
Taking these steps can help ensure that your career break is productive and sets you up for a successful return to your core field.
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