Students Expect to Have it All by Age 40 | AccountingWEB

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.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.