Lifelong learning
Lifelong learning refers to the process of gaining knowledge and learning new skills throughout your life. Many people continue their education for personal development and fulfillment, while others see it as a significant step toward career advancement.
If you’ve been thinking about building your skills, CFI’s Financial Modeling and Valuation Analyst (FMVA)™ Certification program may be the next step towards a career in financial analysis!
Why is Lifelong Learning Important?
The corporate world is continuously evolving, with industries and jobs expanding at a rapid rate. Job descriptions change and skill sets that used to be needed for a particular job may not be enough nowadays.
Employees need to keep up with the fast pace of the industry they’re in.
It’s not surprising to know that many are worried about keeping their jobs, or if there will be enough jobs in the future. This worry can be attributed to the following two factors.
#1 Automation and Artificial Intelligence
The age of automation and AI is upon us. While it comes with a range of advantages, it also has its share of drawbacks. For instance, it poses a threat to blue-collar workers who perform routine tasks and can also affect white-collar employees in knowledge industries.
Continue advancing your career by checking out CFI’s free courses!
#2 Emergence of the Gig Economy
The gig economy reshapes the way we hire workers and contributes to employees’ worries about their careers in the future. Instead of giving them full-time jobs, employers tend to contract independent workers on a short-term basis.
The fear of losing jobs in the future applies across all industries and explains why many people think it’s crucial to keep upgrading their skills, so they can adapt to changes in the workplace.
Based on a survey by the Pew Research Center, 87% of workers think it’s important to undergo training for skills development while they’re working.
What are the Benefits of Lifelong Learning?
Whether you are doing it to develop skills or grow your career, lifelong learning can do wonders not only for your professional life but also for your personal development. Focus on what you want to do in the future since your education will have a huge impact on your career.
Below are some of the benefits of lifelong learning:
#1 It helps you stay employed
It pays to be up to date on industry trends and developments as this shows your employer that you are knowledgeable about your work and can adapt to changes. You can attend seminars and conferences, subscribe to email newsletters of industry associations, and expand your network, so you don’t miss out on the latest in the industry.
Corporate Finance Institute’s courses help you stay on top of your industry!
#2 It keeps you motivated
Having an interest in your job can help you feel more confident about your work. If you find that you’re losing interest in what you do, learning something new can ignite your spirit and help you become motivated again to pursue your career goals.
Many find themselves stressed out or in a rut after several months or a few years in the job due to their ever-changing job responsibilities. Become motivated by further honing your skills or learning new ones!
#3 It helps improve the quality of your life
The benefits of lifelong learning go beyond career advancement. It can help you understand how the world works. It can help you realize your passions and boost creativity. Whatever it is that you’re interested in, it is one way to live a better life.
As the saying goes, learning is a never-ending process. The world of work is rapidly changing, and people need lifelong learning to advance their skills and stay relevant. Whether it’s going back to the university, taking online courses, or attending industry-specific seminars and workshops, find a way to fit at least one of them into your life for career growth.
Additional Resources
Corporate Finance Institute has a variety of courses and resources that can help you expand your knowledge and advance your career! Check them out below: