Monday, 16 February 2015

Lifelong learning is the key to healthy earning

After a decade and a half of primary, secondary and tertiary education, it can be tempting to call it quits when it comes to further tax training. But if you’re smart enough to make it to the end of a uni degree, you’re probably smart enough to realise that deciding to take it easy is a recipe for career and income stagnation.

Pay off that student debt quicker with more study

After a minimum of three years studying, you'll probably be keen to start making a dent in that student debt. Counterintuitive as it may seem, postgraduates, with a median salary in full-time work of $79,000, are likely to get their student debt paid off more quickly than those with only undergrad qualifications who, on average, earn noticeably less. Note that these are averages – a postgraduate qualification in tax is likely to be far more lucrative than one in, say, art history.

Power up the greasy pole

With around half of all high school students now proceeding to university, the brutal truth is that an undergraduate degree is an increasingly necessary but still insufficient qualification for a successful professional career.
A basic degree may get you in the door, but if you want to shimmy up that career ladder, you'll almost certainly need to undertake further study. The good news is you don’t necessarily need to commit to something as time-consuming as a Master of Taxation, as a practically focused qualification, such as a Graduate Diploma of Applied Tax Law from The Tax Institute, will provide you with the skill set you need to take on more challenging roles.

Make valuable connections

Career success at least partly comes down to who you know as well as what you know. The impressive thing about undertaking education after you’ve started a career is you get the double whammy. That is, you learn valuable new skills and get the opportunity to network with other postgraduate students in your industry – people who may be in a position to offer you that dream job later down the track.

Achieve life-study balance

One of the advantages of learning later in life is that the educational institution you attend will recognise you have a living to earn and possibly a family demanding your attention. This being the case, institutions such as The Tax Institute put a lot of effort into designing flexible courses that can be completed in a way that causes students the least amount of stress and disruption.
Like they say, you should never stop learning – especially if you want to see your career soar.


Take the next step in your tax career with the Graduate Diploma of Applied Tax Law

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