Aussie Financial Review | 1 September 2018 By Nick Smith Aussie financial journalists Nick Smith and Sarah Kueppers have launched a new online training series, ‘Cacfp’, which is aimed at anyone wanting to learn the basics of Australian Financial Reporting.
“We want to give you the tools you need to get a foot in the door, and get a job, and start your own business, in the way that people have always done,” Ms Kuepper said.
“And, with this launch, we are also launching the first of a new series, the Cacfp Training Classes.”
The series features the most in-depth interviews with leading experts in the field of Financial Reporting from the past 10 years.
“It’s a very exciting time to be an Australian Financial Reporter,” Ms Smith said.
The CacFP training series will focus on the basics like what to do in the workplace, and the importance of following the money.
It will also feature a range of interviews with some of the world’s most respected financial journalists, including the world-famous columnist Michael Lewis, as well as the legendary former chief economist of the International Monetary Fund, Robert Gordon.
The series will be launched in late September and runs through to the end of November.
The Australian Financial Services Council, which represents the industry’s most influential trade bodies, is providing funding for the series.
The AFSSC said it wanted to make financial reporting easier for the general public, and that it wanted people to have the skills they need to do the job.
“The first step in getting that right is to make sure that people understand the basics,” AFSC spokesman David McClelland said.
Ms Küppers said it was an important first step.
“If we can get people into financial reporting who understand what’s going on and understand the risks of the industry, then we can be really successful at creating jobs and making it easier for people to get into the industry,” she said.
But what’s it like to work in the financial reporting industry?
“We’re talking about people who have been working in financial reporting for years and who have experienced a lot of the problems that are inherent in the industry and who are starting to understand what it takes to be successful,” Ms Bickford said.
Her main advice would be to find a good fit, but that there are also many different types of financial reporting jobs available, and different types, like legal, sales, legal compliance, investment banking, corporate compliance and more.
The focus on finding a good match is an important part of the series, and it comes at a time when many financial journalists are struggling to find work.
The number of people in financial journalism jobs has fallen by almost half over the past three years, from more than 14,000 in 2011 to about 7,000 today.
In 2018, there were about 8,000 people in that category, down from nearly 16,000 a year earlier.
Financial journalism has become a much harder profession to get, and some are finding it harder to find jobs in the wake of the global financial crisis.
Some have gone freelance, or have taken on freelance projects to earn money for their families.
Some are now relying on online job postings and referrals to work for clients, and have found it harder than ever to find good work.
But Ms Kues said the financial journalism industry is changing.
“As people are looking for a career that is more sustainable, we need to be doing the right things,” she added.
The next big step in the career of an Australian financial reporter, according to Ms Kachets research, is to find an internship with an accredited financial service provider, and work for the company.
“In my experience, the most successful people tend to have internships, and I think the more internships you do, the more comfortable you’ll be,” Ms Sugg said.
To learn more about the Cachp training, click here.
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For more information on the Australian Financial Service Council, click on this link.
This is part of our The Business of Financial reporting series.