Students Expect to Have it All by Age 40

This article is reprinted from our sister site, AccountingWEB-UK.

A million in the bank, a quality home life, and work satisfaction are just par for the course for today's students, according to a recent survey.

Almost two-thirds of those asked to take part in a poll say that they aim to become millionaires. Three out of ten hope to achieve this goal by age 40.

But it's not all work, work, work. The survey, conducted last year at the Ernst & Young International Intern Leadership Conference, showed that 50% rate flexibility in planning a career around major life events as the most important element in a happy existence.

And the same proportion would work even if they had enough money to stay at home. Intellectual stimulation and learning, as well as a sense of social contact and camaraderie, would make them want to go to work.

"Young people entering the workforce today seem very confident about their abilities to succeed in their careers," said E&Y's James Freer. "But at the same time, they are coming to their jobs with their priorities focused on how best to manage their workloads and still spend quality time with their families and friends."

Three-quarters said that they expect to have a better quality of life than their parents. Sensible investment decisions are important, too. Long-term conservative shares and mutual fund investments are three times as popular as company pension schemes.

The questions were asked of the nearly 900 Ernst & Young interns from 22 countries around the world who gathered for the fifth annual international intern conference in Florida, from August 2-5, 2001.

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