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15 August 2013

Poll: What Factor Plays the Most Important Role in One’s Career?

As professionals, our careers tend to be a high priority in our lives. Various factors shape our careers, but which one is the most important? When we asked this question in our CFA Institute Financial NewsBrief survey this week, we received 1,136 responses, indicating that there is no single dominant factor.


Which of these plays the most important role in one’s career?
Poll: Which of these plays the most important role in one's career?


On-the-job performance (34%) ranked the highest. This result could be interpreted to mean that merit prevails, but at the same time, its percentage rank does not seem high enough to suggest that the workplace is a meritocracy. Interpersonal and communication skills (26%) and networking (23%) ranked a close second and third, respectively. These factors probably fuel each other, and the role they play likely ebbs and flows depending on the stage of one’s career. Perhaps the hardest result to explain is that luck (11%) ranked fourth, which might encourage us to complain less about randomness in life and focus more on performance.  The message seems to be to keep an eye on all five of these factors as you progress in your career!


Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

About the Author(s)
Usman Hayat, CFA

Usman Hayat, CFA, writes about sustainable, responsible, and impact investing and Islamic finance. He is the lead author of "Environmental, Social, and Governance Issues in Investing: A Guide for Investment Professionals;" the literature review, "Islamic Finance: Ethics, Concepts, Practice;" and the research report "Sustainable, Responsible, and Impact Investing and Islamic Finance: Similarities and Differences." He is interested in online learning and has directed three e-courses for CFA Institute: "ESG-100," "Islamic Finance Quiz," and "Residual Income Equity Valuation." The other topics he writes about are macroeconomics and behavioral finance. He has experience working in securities regulation and as an independent consultant. His qualifications include the CFA charter, the FRM designation, an MBA, and an MA in development economics. He has served as a content director at CFA Institute. He is a former executive director at the Securities and Exchange Commission of Pakistan (SECP) and former CEO of the Audit Oversight Board (Pakistan). His personal interests include reading and hiking.