Career Opportunities in Banking and Education Industries

RUNNING HEAD: International Workplace Practice
International Workplace Practice
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International Workplace Practice 1
Executive Summary
It is crucial for the student present in their master courses to look for the prospective industry and
job in which they are interested so that they do not faces difficulty in choosing the right option
when the time comes. The below mentioned paper evaluate details about two prospective
industries and professions for a student studying MPA. Banking sector and education sector are
the two areas chosen whose market potential is analysed in the paper. On the basis of this job
seeking strategies are implemented. Intercultural threats and opportunities are also identified
along to with recommendations to improve the performance and rightly increase the
employability skills as well.

International Workplace Practice 2
Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Career Opportunities and Threats in Banking Industry...................................................................3
Career Opportunities and Threats in the Education Industry..........................................................4
Creative job seeking strategies........................................................................................................5
Intercultural challenges....................................................................................................................7
Recommendations............................................................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

International Workplace Practice 3
Introduction
The aim of the paper is to enlighten the reader about the information about the career
opportunities in the Australian Labour Market for the students enrolled under Master of
Professional Accouting course in the country. The paper is going to explain the labour and career
opportunities in a company. Further, it also talks about the opportunities in the industries along
with strategies for job seeking and intercultural challenges.
Career Opportunities and Threats in Banking Industry
Being studying a professional accounting course, I assumed that the best suited job according to
my qualification would be one that helps me to work practically. There is no better industry than
the banking industry which a MPA graduate can work. During the course learning of MPA, all
the practical subjects are learned considering that we will graduate and use that theoretical
information in actual world scenarios. This industry is chosen because the Australian banking
sector is increasing day by day and providing profitability to people who are in it (Borland, and
Coelli 2016). Further, considering the Australian labour market rules in the banking sector, it
should be noted that banking sector employs more than 448,800 people that accounts 3.5% of the
total workforce. The fact should be noted that there are many people employed in the industry
with optimum satisfaction rate the shows favourableness for the industry to enter (Australia
Government 2019).
From the past five years, the employment rate in the market has risen by 7.9 %. The optimum
age for the workers in this industry is 39 years and optimum income is $1,434 per week. Among
the ratio of total number of employees working the organization, maximum numbers of them are
hired as bank worker. So, it can be clearly seen that there is high degree of requirement as
bankers in the financial industry (Bishop, and Cassidy 2017). In the banking industry, there is
still prevalence of fixed working hours in Australia as more than 82.3 % of people work as a full
time employee in the organization. However, the overall Australian industry is shifting towards
flexible working hours but the banking sector follows a strict decorum of fixed working hours
and good infrastructural workplace for the employees. There is subsequent increase in the
number of females working in the industry by 48.6%. The industry is not good in terms of