Accounting is a pretty competitive career choice; the field is generally associated with high annual incomes, substantial job security, and, of course, a particular level of prestige. But not just that; we all know accountants earn their keep with hard work.
And even though accountants will find themselves searching for ways to cut expenses, the field is pretty broad, and as a result, entry-level and junior positions often don’t pay all that much. This is because accounting is a field in which professionals work their way up the success ladder just as any other, and therefore, a range of career choices are available.
While some pay exceptionally well, others might not afford that much financial comfort. So, we’ve listed the best careers in accounting to help you decide if a job in finance could be for you.
Auditor
Auditors evaluate financial standards compliance and also manage reporting regulations. What’s more, there are different kinds of auditors, and they each perform various specialized roles, which generally include internal and external auditing, and lastly, forensic auditing.
Indoor auditors’ roles focus on compliance within their regulations, while external and forensic examine compliance and regulations, although this is done within external organizations independently.
Internal auditors earn around $60,000, and in addition, they also receive bonuses of roughly $1700. And while this is the average national salary for entry-level auditors, the pay increases rapidly along with experience. Expert level auditors can earn over $120,000 per annum.
Financial Accountant
These finance professionals prepare financial statements for various organizations and perform a few other accounting-relating responsibilities. They generally work for companies such as accounting firms and in finance departments of different kinds of organizations.
These professionals require particular qualifications and specific training, such as AAT, ACCA, and other finance-related qualifications.
Tax Accountant
Finance professionals that specialize in tax can provide a range of services. These services include preparations for tax returns, tax compliance, and even tax legislation. In addition, the creation of effective plans to minimize individual or organization tax liability.
What’s more, tax accountants have the option to outsource their sought-after services to either organizations or individuals, while they can also be employed full-time as consultants by firms and financial institutions is also a viable option. Therefore, this is a pretty flexible job environment, as there are quite a few feasible opportunities out there for tax accountants.
Financial Analyst
These finance experts interpret financial data. They also provide recommendations and valuable financial guidance to either individuals or organizations. Although, more often than not, financial analysts tend to work in organizations such as banks, insurance organizations, investment businesses, and other types of financial service organizations.
There is a minimum requirement of a bachelor’s degree in accounting, economics, or finance. This will give you access to entry-level positions. Senior-level positions can be obtained by those who have acquired their MBA or a master’s degree.
There are several great career opportunities in the accounting and finance field, as the careers mentioned above only scratch the surface of jobs in accounting. A few other career options available for those with a bachelor’s degree in finance include public accounting, corporate finance, investment banking, and so many others.
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An article about accounting and you didn’t mention the CPA certification?
Why? The article wasn’t about how to become a CPA.