A job as an accountant is one of the best occupations one can pursue. There is a level of freedom that is missing in other sectors. The way finance leaders lead their teams and conduct business is evolving as a result of technological advancements. As a result, more finance leaders are engaging in the digitization of the finance function. This opens up new avenues for an accountant and some bright minds can also start accounting firm of their own in the future.
If you are not convinced why you should become an accountant, this post is for you. Read on to get an insight.
- Future-proof Industry for an Accountant
Contrary to popular belief, accounting is the only profession that never goes out of style. Accounting and auditing jobs are expected to rise 11 percent between 2014 and 2024, faster than the average for all occupations, according to the Bureau of Labor Statistics. You’re in high demand, and you’ll be working as long as capital moves through the economy.
While nothing is completely recession-proof, accounting comes pretty close. When times are tough, divisions like sales and marketing are always the hardest hit. Money problems, on the other hand, typically necessitate a doubling-down on the finance department to ensure that no penny is misplaced.
- The Salary is Great
While money may not be the primary reason for becoming an accountant, there is no denying that your earnings will soar.Accounting is an occupation with a high median wage as compared to other professions, and the opportunity to earn a six-figure salary is always available much earlier than you would think.
It’s always good to be well compensated for your skills, but there’s more to being an accountant than just your paycheck. Being able to assist others in resolving a dilemma or demonstrating how to get where they want to go will provide a great deal of satisfaction.
- An Accountant Need Not be a Math Prodigy
To be an accountant, you obviously need a good head for numbers and a strong interest in numbers. But it’s worth noting that numeracy isn’t the only requirement for obtaining a professional certification.Many of the simple number-crunching activities are now handled by software. A modern accountant’s main function is to offer professional business advice and recommend ways to achieve targets in the most tax-efficient way possible.
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- Accountants Can Use Their Skillset in Any Industry
One thing unites (almost) every industry, from fashion to entertainment, construction to non-profits: they all need finance professionals to oversee and advise them. When you study to become an accountant, you develop skills that can be applied to almost every industry.
You become an important part of the management team. Every business plan must be completely costed. This means accountants play an important role in companies as sounding boards for proposals and determining if they are financially viable.
- One Can Build Solid Financial Foundation
Being an accountant entails working in a well-respected profession, which means your personal financial strength would also reflect this.In other words, your work demonstrates that you know how to manage capital, financial products, etc.Thus, investment opportunities are more likely to be produced for you as a result of your profession’s high regard.
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- No Geographical Boundaries
Accountancy is (arguably) the most portable of all professions. Not only are the standards common, but membership of an organization like the ACCA (Association of Chartered Certified Accountants) is also internationally known and revered. If you want to live in a different country, an accounting degree might be the ticket to your dream city.
If you are currently preparing for any accountancy degree, you can apply for courses at Coursera, Udemy, etc. And if you wish to land your dream accountant job, you need to have the grades. In this regard, it is wise if you seek paper help from online experts to secure exemplary grades.
- One Gains Transferrable Skills
The skills you’ll learn and hone as an accountant can easily be applied to other jobs and industries. Accountants will work in teaching, selling, or hiring, so if you ever feel like a change of pace, you’ll have plenty of choices. Many accountants go on to become business leaders in their own right, holding positions such as Managing Director and starting their own companies.
People who excel at quantitative skills or have a natural aptitude for math or money may be well-suited to a career in accounting, but these abilities can be developed by anyone. Here are some of the most important skills for an accounting career:
- Analytical abilities
- Communication skills
- Business acumen
- Detail-orientation
- Quantitative reasoning
- Problem-solving proficiency
- Leadership
- Software experience
- Organizational abilities
Personal attributes such as integrity are also essential for success in this field. This skill set can come in handy even if your profession takes you away from accounting.
In addition to the major benefits of being an accountant, there are other perks as well.
- It’s a Seasonal Job
Late January, February, and March mark the end of the fiscal year, and are dubbed “tax season” by accountants. It’s the busiest time of year, but it can also mean a more relaxed atmosphere for the other nine months. Its predictability also makes deciding when to take vacations easier.
- An Accountant Does Not Always Require a Degree
Some accountants have college degrees, while others do not. While having an accountancy degree can allow you to skip a few exams on your way to full qualification, it is generally irrelevant if you have attended university. With accountancy courses for beginners, there’s nothing keeping you from jumping in on the ground floor.
- One Can Become a Volunteer to Charities
Do you enjoy volunteering with hospitals and other good causes? If you’re a trained accountant, your time will be extremely useful to them, since it will save them a lot of money on things like tax preparation. It’s a fantastic way to make an accounting degree as beneficial to others as it is to you.
These are only some of the reasons why you should become an accountant. So, if you are currently pursuing an accountancy degree, it is high time that you pay full attention to your studies. Take advantage of every opportunity, training programmes, internships, etc., that comes along your way. And work on expanding your network on social media platforms like LinkedIn, Facebook, etc.
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