Career Opportunities

1. Economics. Management. Marketing.

Economics studies the society and the ways we produce and consume goods and services, as well as our wages and earnings, unemployment in our country, inflation, government spending, taxation and its regulation, trade (home and international) and the distribution of material wealth in our country and throughout the world.

It is economists who deal with all these economic aspects. It is they who decide what, how, and for whom to produce goods and services. They study the demand and the supply for goods and services, identify those which the public demands, produce these goods and services efficiently, and sell them at competitive prices. The aim of economists and their economic activity is to achieve the highest possible level of goods and services production, their distribution, and consumption. If entrepreneurs economists accept responsibility and risk for their businesses operations with the expectations of making profits. It is important to stress the role of entrepreneurs as innovators who develop new products, new markets, or new means of production.

Managers deal with decision making. These people devote much time to developing long-term plans for their organizations. They make decisions whether to produce new products and how to sell them, to purchase some assets or to begin foreign activity. They must have economic background to be able to analyze and interpret business information to make correct decisions. They usually possess human relations skills, that is, the ability to work with people, to create a working environment where all their colleagues can contribute their best skills and work as a team of creative people.

Marketers, like managers, deal with economic matters. They plan pricing, promote and distribute products and services to their customers. Their task is to plan marketing strategy, to open new markets for their products. Factually the key factor of it is to have the right product at a reasonable price in the right place with the right promotion. Marketing management is one of the leading branches of modern economic activity.

2. Accounting and Finance

Financial management is one of the major concerns for a business. Usually businesses have their own financial managers who are in charge of finance. Financial manager is a member of the top-management team and an active participant in planning, controlling, and decision-making processes. He deals with reporting and interpreting of data needed in decision-making. He negotiates terms of financial transactions, compares rates among competing financial institutions. Financial management begins with the creation of financial plan. The plan includes timing and amount of funds and the inflow and outflow of money. It is financial manager who develops and controls the financial plan. He forecasts the economic conditions, his company's revenues, expenses and profits. The financial manager plans a strategy to make the ending cash positive.

Every business and organization needs systematic and up-to-date records of accounts and business transactions. Bookkeepers and accountants enter these records into journals and ledgers or in the memory of a computer and provide accounting services. Accountants design and install accounting information system for organizations, they help financial managers in budgeting, measuring and controlling costs, preparing taxes. So, to be a good accountant you must know accounting information systems, how to record and analyze financial transactions, to compute taxes and help Management and other interested parties to make correct financial decisions. Accountants analyze the financial strength of the firm right from the first days, prepare financial statements, show all money received and paid out. This information in the form of Balance Sheet and Income Statement is needed to State Administration, Tax Authorities, banks, Management itself, creditors, suppliers, customers, etc. So their task is to follow accounting principles and rules, to check up correctness of accounting records as well as to advise the interested parties on financial matters.

Like accountants auditors do a lot of the same things: they prepare, analyze, and verify financial reports, and furnish (доставляти, постачати) information to managers in different businesses, industrial and government organizations, maintain a continuous internal control against errors and possible misappropriations. They advise management on financial matters and report to them on current state of the company's fiscal affairs. Finally, they check the accounting records in regard to completeness and accuracy, making sure that all irregularities are corrected. The independent auditors are always highly qualified and certified accountants. They do much of the same things as internal auditors do in order to determine the accuracy, authenticity, and completeness of the records.

In Ukraine employment of accountants and auditors as well as financiers is expected to grow much faster than the average for all other occupations in the near future due to the role these specialists play in the management of all types of business.