As of 2019, the average salary of an accountant was about $71,550, with those in the top 25% earning $94,350. Plus, with so many businesses opening up by the day, it’s safe to say that things are looking up for accountants worldwide. An accounting job might just be your key to a successful future and fruitful life.
Deciding what academic or professional journey you’ll take is a decision that changes the course of your entire life. If you’ve been mulling over a career in accounting, we’re here to convince you that a job in accounting is the way to go. Today, we’ll be highlighting the benefits of an accounting job and why it might be the right career for you.
Let’s get straight into it.
Who Is an Accountant?
Accountants are financial professionals whose job is to prepare, interpret and keep financial records for organizations. Accountants can work for businesses, organizations, and even individual clients. They handle a wide range of finance-related tasks to ensure the organization’s or client's finances are in check.
Some responsibilities of accountants include:
- Complete internal and external audits in conjunction with audits
- Prepare and maintain financial records and databases
- Create financial statements for profits and losses
- Prepare account entries like ledges, for instance
- Suggest and use accounting software to achieve the above responsibilities
These are just some of the many responsibilities that accountants must handle for their organizations or clients. It sounds like a lot of work, but it’s definitely worth it, and there’s always something new to keep everything exciting.
What Are the Benefits of an Accounting Job?
Accounting is a lot more than just crunching numbers and preparing financial statements. It’s also a respectable profession with a fat paycheck and lots of other benefits. Don’t believe us, here are a few benefits of an accounting job.
There Are Plenty of Careers to Choose From
Contrary to popular thought, accounting doesn’t describe a single career in finance. Instead, accounting is an umbrella term for a cluster of jobs in the financial sector. Here are a few jobs an accounting degree can get you:
- Financial and budget analyst
- Cost estimator
- Staff accountant
- Cost estimator
A master's in accounting will open you up to more opportunities than a degree will. Some career options you can get with an accounting master’s include:
- Financial manager
- Head Auditing manager
- Lead accountant
- Senior budget analyst
If you work really hard, you can work your way up to executive positions. Remember, your accounting experience will give you crucial insight into an organization's financial affairs. Your input will be crucial in taking the organization to greater heights.
The Pay Is Good
As mentioned earlier, the average accountant earns about $74,110 in a year. Considering the average salary in the US is about $53,490 every year. Another reason to become an accountant is that you get paid more than most people.
It’s worth noting that the more experience you gain, the higher the pay you receive. This means as you work your way up the ladder, you’ll be earning a lot more than your starting salary. If you’re not satisfied with your initial salary, hold in there, you’ll get to the big bucks soon enough.
Of course, there are plenty of factors that come into play to determine your salary. Some of these factors include who your work for, work location, and your experience. Most employers are willing to pay top dollar for accountants with considerable experience and proper work ethic.
Proper Job Security
It’s hard to miss an accounting job opening in the dailies or online. That’s because every company and organization needs to keep their finances. To do that, they’ll need to hire an accountant to oversee their finances.
After completing your accounting degree, companies will be clamoring for your help. After a couple of years in the game, you can even start your own accounting consultancy. That way, you can land high-paying clients and even hire other accountants to help you with the workload.
If you’re looking for an accounting job, all you need to do is to get online. Sites like www.taxfyle.com/cpa-jobs have incredible job offers with minimum qualifications. What’s more, you can work most accounting jobs from the comfort of your home.
Helps You Cultivate Useful Out-of-Work Skills
As mentioned earlier, accounting is more than just balancing finances and crunching numbers. During your tenure, you’ll develop valuable competencies that you can apply in your day-to-day activities. Some of these invaluable skills include:
- Analytical and problem-solving skills
- Leadership skills
- Keenness and attention to detail
- Good communication skills
- Business proficiency
These soft skills go beyond your career and extend to your personal life. They can help you in daily situations and improve your quality of life. Accounting can help mold you into a well-rounded individual and a valuable member of today’s society.
It’s Intellectually Stimulating and Fulfilling
An accounting job is far from a boring desk job that drains the life out of you. On the contrary, accounting is a mentally challenging and meaningful career option. This is especially true if you enjoyed your accounting major.
Every day in accounting presents a new set of challenges that you have to solve. Put your mental and analytical skills to the test while trying to beat the deadline. Interact with people from different departments or companies every day and learn something new.
Most companies have retreats and benchmarking trips for their accountants that allow them to travel the world. Regardless of where you travel, one thing’s for sure; accounting is far from boring.
Become an Accountant Today
With so many perks, an accounting job is your ticket to a fruitful and fulfilling life. All you need is an accounting degree, and you’re good to go. So what are you waiting for? Become an accountant today.
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