Accounting has always been and remains one of the most popular degrees for those interested in finance. Some may be attracted to other fields like finance or business administration, not knowing the many advantages accounting has to offer. In this article, we’re going to give you some of the benefits of pursuing a career in accounting.
You’ll get the Chance to Work in Diverse Environments
One of the major benefits of pursuing a career in accounting is the variety it offers. As an accountant, you’ll have the liberty to open your own office and have access to a variety of positions in the private and public sector. You have the choice to work as a bookkeeper, tax consultant, company management, and a variety of other positions. You’ll also be able to work in finance or work in government. A large portion of people who obtain their CPA certification end up setting up their own business while others travel to perform audits.
Variety of Tasks
In addition to the choice of positions, the tasks that accountants perform are also very different. For instance, public accountants will usually work with tax forms and balance sheets and perform audits. Management or cost accountants, on the other hand, are responsible for producing reports for upper management. Government accountants will be in charge of balancing budgets and keeping financial records at various levels of government and internal auditors will be in charge of monitoring a company’s funds and making sure that they are properly managed.
Stability and Job Prospects
Accounting positions are some that offer the best financial security. Accountants are rarely laid off and it’s not uncommon for accountants to stay with the same company their whole career. Accountants enjoy steady hours and most have access to a variety of benefits. Accountants also enjoy hefty pay, on average. As of 2011, the top 10 accountants earned an average of $109,970 per year.
Also, positions for accountants are set to grow by 16% from 2010 to 2016, making it one of the most vibrant sectors of the economy. In addition, many accountants decide to pursue an online masters of accounting to access a larger number of positions. Obtaining a masters of accounting will open you to CPA positions, which will increase your prospects. CPAs are some of the most prestigious and well-paid accounting professionals and they can earn up to $124,000 a year, making it one of the most lucrative careers in finance.
If you were still on the fence about accounting, I hope this piece was able to sway you in favor of the profession. Accounting offers tons of benefits, great job stability, and some of the best salaries in finance. In addition, having a qualification as an accountant will be a great asset if you intend on starting a business in the future; it also allows you to work on your own hours. All in all, accounting is one of the most understated and exciting career choices available.