1. Christopher Koch University of Mannheim, Germany 2012 Auditing Doctoral Consortium January 12, 2012 Savannah, Georgia Panel on Career Advice

2. Your career has already begun! 2

3. Takeaways  Build your reputation  Become international  Balance your life 3

4. 1. Build your reputation 4 Become known Good research Presentations/ discussions Topic or method New ideas Get to know others Attend conferences Meet visiting researchers

5. 2. Become international: Why? 5 Their contribution Unique data or setting Institutional knowledge Ambition Your contribution Methodological rigor Writing skills Reputation International collaboration

6. 2. Become international: How 6 Conferences and doctoral workshops (www.eiasm.org) Yearly: EAA, ISAR Bi-yearly: EARNet, Workshop on Audit Quality, ARW-Suisse Visiting researcher Ph.D. programs: Mannheim, Tilburg, Maastricht, Manchester, LSE, LSB Research seminars and Ph.D. courses Professor Additional professorship (visiting professor/full professor) Regular professor (see next page)

7. 2. Become international: Job market 7 Germany academics.com Netherlands academictransfer.com UK jobs.ac.uk Assistant professor, “Habilitand“ - Usually no tenure-track - 60-120 teaching hours - - US$ 57k-62k Assistant professor - Tenure-track - US$ 60k-70k Lecturer - Tenure possible - Up to 150 teaching hours - US$ 55k-80k Associate professorSenior Lecturer - 2 A or 5 B-Journal articles - US$ up to 95k Professor - 5 B-Journal articles - 240 hours of teaching - US$ 80k-120k Professor - US$ minimum 90k

8. 3. Work-life balance  Do you have a work-life balance (OECD study 2011)?  Do you usually work more than 50 hours a week?  Do you think you spend the right amount of time in  Your job  Contact with family members  Contact with friends  Own hobbies and interests 8

9. 3. Work-life balance 9 Prevailing culture and norms within an organisation or country Flexible hours, unlimited amount of work Gaining a high degree of job satisfaction Challenges Diminishing marginal utility Opportunity costs But: “Too much of a good thing is good for nothing” Make a time budget for work vs. enjoy flexibility? Separate work and life vs. consider work as life? Etc. … Achieving a work-life balance