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Self investment

 Money

Self investment


Sara Cuming, 25, financial accountant


Like many young women straight out of high school, Sara Cuming had little idea what to look for in a career. She knew she wanted financial security and an interesting and varied job, but wasn’t every other school leaver after the same thing? To give herself an edge, she took on the challenge of a double degree in commerce and arts at the University of Queensland. She knew she’d be saddled with a sizeable HECS debt at the end, but it seemed a small price to pay when she looked at the earning potential of most graduates.


Sara’s gamble paid off. While she was hitting the books, the increasing shortage of skilled workers was driving up graduate salaries, leading to a boom time for university leavers. Graduate salaries are now at an all-time high in Australia, so when she left university, Sara was able to walk into a job she loved that also offered a steady picture of future financial gain.


It took Sara three years of university before she knew she wanted a career in commerce rather than arts. The accounting industry was booming, so Sara jumped at a job with a large accounting firm that offered a good wage, a strong graduate training program and plenty of opportunities for advancement.


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"It wasn’t all about money, but I did think accounting would give me greater options financially," says Brisbane-based Sara. "I liked the accounting side of commerce and most firms had good graduate programs. That was a consideration for me – that they were going to help with my training. In the beginning, my wage was fairly comparable with other graduates: about $30,000. You start on a basic income, but you know that within a few years your income will increase," she says.


Words: Kate de Brito. Photography: Scott Hawkins. Hair & Make-up: Karissa Mclaren

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  ziba, at 11:37am Fri 18th January, 2008
this is a great article....very informative

I too have completed a double degree and yes, the HECS debt at the end is substantial. For those women who are looking to get a leg up, financially, there is some great stuff out there online in helping and informing women on money/lifestyle matters. I came across this website www.bemoneyconfident.com - It provides you with valuable knowledge and tools about financial services and important aspects of life. The Career section gives you info on balancing work and family, studying while working and making the most out of your salary.
check it out, it's a great resource.
Z
  hashdog, at 10:20pm Thu 24th January, 2008
This young lady is an inspiration to all young people who are learning to find their way to the future. A great article. Congratulations Sara Cumming for putting in the hard yards and getting rewarded.

Issue cover for this articleMore in the magazine!

Read more about how Sara, by investing in herself, strategically built her personal wealth, in the February 08 issue of Notebook: magazine.
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