Embracing Career Changes

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Not sure how your next steps will pan out after SOAS?

Don’t worry about having to stick to one solid plan, and get inspired by reading about one lady’s journey into law via a whole other career.

Take a look at the Career Planning section on MySOAS Student to get a better idea of you can start shaping your future – no matter where you end up!

Alexis Fromageot

 

 

 

 

What’s on this Week: Creative Industries Week

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Dream of working within the creative world? This week SOAS Careers explores the varied routes in to this broad and engaging sector, with a wide range of great events throughout the week.

Not sure if creative industries is the one for you? Don’t worry – come by SL57 and we still offer our full range of services for you!

Mon 20 Feb, 5:30 – 7pm, B111, Brunei Gallery: A Career in the Commercial Art World: http://bit.ly/2leb39b

Weds 22 Feb, 1:30 – 3pm, S118, Paul Webley Wing: The Future of Work: http://bit.ly/2le1hni

Thurs 23 Feb, 5:30 – 7pm, G3, College Building: Careers in Muslims and Galleries: http://bit.ly/2lUQ7nj

Alexis Fromageot

Something for the Weekend: Reading Week

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Know exactly what you look for from movie night? Use your awesome taste in film to get an insight into your dream job!

Need more inspiration when thinking about your next steps? Come along to SOAS Careers in SL57 and we can talk through it all with you – from further study, travelling, internships to longer term work, we can help you get going!

Have  a great weekend and see you next week for Creative Industries Week!

Alexis Fromageot

 

Guest Blog: Advice on becoming self-employed straight out of university

Please note that the views expressed in this blog are those of the author and unless specifically stated are not those of SOAS Careers Service. If you consider this content to be in breach of the SOAS values, please alert careers@soas.ac.uk.

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Becoming a self-employed worker straight out of university may sound like a daunting prospect. However, the number of graduates taking this route to work straight out of university is on the rise. Despite being your own boss, there is plenty of support available to you.

The number of self-employed workers is rising

The number of self-employed workers in the United Kingdom is rising, and it has been for some time. There were over 4.77 million self-employed workers in the United Kingdom in November 2016 – over 15% of the entire workforce. This is a 23% increase since 2008 (Office of National Statistics, 2016).

Graduates are contributing to the rise in the self-employed workforce

Interestingly, 87% of graduates with a second class or first class degree have thought about freelancing already and consider the gig economy as a “highly attractive and lucrative career option”. 29% of students who have not graduated yet have considered becoming a freelancer within 5 years of completing their university studies, according to Elance (Elance, 2013).

Why are so many people turning to self-employment?

There is a number of reasons why people are becoming self-employed. Some of the main ones are as follows:

  • If a contract does not go as planned, you can decline future offers from the client.
  • You are in a position to negotiate terms – if there are specific conditions you require, let your client know at the stage of negotiation.
  • Contractors usually earn more money than full-time employees.
  • Working with a variety of clients will help develop your skills.
  • If you are able to have some spare time, you can learn new skills and develop your knowledge. There is an opportunity to become an expert in your field and earn a well-respected reputation.
  • You will avoid the dreaded office politics.
  • You are presented with an opportunity to grow your own business.
  • If you don’t like contracting – don’t worry! If you decide that you no longer want to be a contractor then it is easy to close your limited company (if you decide to operate through one) and look for a full-time role.

If you are self-employed, how do you get paid?

Typically, the self-employed operate in two ways, through their own limited company or through an umbrella company. There are advantages for both of these options.

Being paid through an umbrella company eliminates the large amount of paperwork that a self-employed worker could potentially face if operating through their own limited company (personal service company). If you choose to work through an umbrella company, you effectively become an employee of the umbrella and will receive the same pay as an employee in a full-time position. The umbrella company will make the correct tax and National Insurance Contributions to HMRC on your behalf. You will be entitled to Holiday Pay, Statutory Sick Pay, Statutory Maternity Pay and Statutory Paternity Pay. Whilst an easy way to operate as self-employed, working through an umbrella is not the most tax efficient.

If you are looking to legally maximise your take-home pay in full compliance with HMRC, setting up your own limited company may be the perfect solution. By running your own limited company, you will become the director and can appoint yourself as a shareholder. Then you are able to pay yourself legally with a combination of salary and dividends. It is also the most professional way to present yourself in front of prospective clients. Whilst there is a large amount of paperwork involved, you can select a contractor accountant that will provide assistance with this, making your life easier.

To compare the difference in take-home pay between setting up your own limited company and using an umbrella company, you can request a personal calculation using a contractor calculator.

What should you look for from a contractor accountant?

  • They should be specialists
  • They should be accredited by reputable industry bodies (such as APSCo and Professional Passport)
  • They should be fully compliant with HMRC legislation
  • They should make their terms incredibly clear (for example, is there a tie in period?)
  • Their solution should match your requirements
  • They should offer you extra (for example, an online portal for your convenience)
  • They should have experts ready to answer your calls and emails
  • They should provide continued support throughout the setup and running of your limited company

Finding your first role as a self-employed worker

Finding your first role as a self-employed worker may sound scary. However, there is a lot of support and help available. The number of recruitment agencies is always on the rise and there are specialist businesses that exclusively focus on finding work for the self-employed. Don’t forget to make sure you have an updated LinkedIn profile and you are connecting with the right people (recruitment agencies, potential clients etc.). Have a look on local forums – are there any events that you can attend as a networker?

It is always a great idea to ask the people close to you for advice. Do any of your friends or family members know people that can help you? As a student, your university will provide careers assistance – get in touch with them to find out how they can help and support you.

If you are looking at becoming self-employed straight out of university – best of luck!

This guest article has been written by Andrew Trodden, Marketing Executive at Churchill Knight & Associates Ltd – specialist contractor accountants

Something for the Weekend: International Business Week

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As we come to the end of International Business Week, take a look at this hilarious insight into office life!

Not sure if office life is the one for you? Come by SOAS Careers in SL57 and we can have a chat about where to take your next steps after SOAS.

Have a great weekend, and we’ll see you next week for Reading Week!

Alexis Fromageot

Graduated? Fancy interning with SOAS Careers?

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SOAS Careers is looking for a recent SOAS graduate to act as a graduate intern for the rest of the academic year (till the end of July).

Your role would be to work with the Events and Internships team to support activity in sourcing interesting employers to come onto campus or for our students do do internships  – for more information, take a look at the Job Description.

If you are interested, please complete this Google form and send us a copy of your CV to careers@soas.ac.uk by midday on Monday 13 February.

Interviews will be held on Thursday 16 February.  

We look forward to hearing from you!

Alexis Fromageot

What’s on this Week: International Business Week

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Are your sights set on pursuing a business career outside of the UK? Then this week is for you! SOAS Careers takes a look at how to get going with working in international business with a wide range of events throughout the week.

Not keen on business? Don’t worry – come by SL57 and we still offer our full range of services for you!

 

Mon 6 Feb, 5:30 – 6:30pm, B111, Brunei Gallery: A Career in Commercial Real Estate: http://bit.ly/2kysj8R

Wed 8 Feb, 1:30 – 2:30pm, S118, Paul Webley Wing: Mock Assessment Centres: http://bit.ly/2kEtO7G

Thurs 9 Feb, 5:30 – 7pm, G3, College Building: Financial planning and Wealth Management: http://bit.ly/2jTJLmd

Look forward to seeing you there!

Alexis Fromageot

 

 

Something for the Weekend: International Development Week

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Need some inspiration to get you thinking about your next steps? This handy quiz will point you in the right direction as to what job you should really have!

Not sure where to even begin with thinking about what to do next, let along how being a Wizard Lawyer would begin to fit into that? Not to worry – pop by SL57 and we can talk through it all with you.

Have  a great weekend and see you next week for International Business Week!

Alexis Fromageot

Want to earn £50pm vlogging while you look for a job?

‘The Great Grad Job Hunt’ is a project created by The Careers Group, University of London, that follows the process of job-hunting for final year students, Master’s students and 2016 graduates.

Through the use of videos, the project documents real life experiences and peer-to-peer examples of searching for a job. As well as including expert advice; job hunters from around the world can access information – tips and tricks from fellow students, graduates, consultants and employers that will help them score their dream career.

The project is looking for enthusiastic people who will be committed to documenting their job-hunting process on video through the following months. With help from our dedicated team, students and graduates will help each other and use expert advice to help them find a job best suited to their needs.

This is a great opportunity for those who wish to help others and contribute their own experiences for students/graduates who are in a similar position. Students and graduates taking part will receive:
          Life skills useful to any career role 
–          £50 a month for submitting at least 2 vlogs a month
–          Extra support from The Careers Group and Careers Consultants

Don’t worry if you haven’t decided what you want to do yet. We want to document this process also and we will help you with your decision making.

Please note that applications for this round close at 11:59pm on 6th February 2017. APPLY NOW!

Email if you have any further questions.

Alexis Fromageot

What’s on this Week: International Development Week

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Passionate about changing the world for the better? This week at SOAS Careers we delve into every aspect of working in International Development: a rewarding and challenging sector.

Not quite sure what your next steps after SOAS will be, but know that you want to help change the world? Don’t even worry – pop by SL57 and we can talk through it all with you.

 

Wed 1 Feb, 1:30 – 2:30pn, S118, Paul Webley Wing: Schwartzman Scholars: http://bit.ly/2jPdyiW

Thurs 2 Feb, 1 – 4pm, Cloisters, Paul Webley Wing: International Development Fair: http://bit.ly/2kmbC2H

See you there!

Alexis Fromageot