Accounting has been around since the beginning of trade. As competition for jobs has exponentially increased within the years and the technology is changing the way we work, Accounting today is still one of the most promising professions.
One of the frequently asked questions regarding this matter is: “Is accounting a good career choice?” People may have different takes on this and the answer depends upon what you want in life, but if you’re looking for a career with good job prospects, more opportunities for advancement and enough potential to keep you satisfied for decades, accounting is a field you need to take note of.
Here are 7 reasons why you should pursue an accounting career:
1. A career always in demand.
Accounting is part of every business, no matter where you live or how the economy is doing. Governments, businesses, individuals and not-for-profit organisations continually need accountants and bookkeepers to manage their budgets, deal with taxes, do financial reporting and complete audits.
Accounting is not a profession that can be easily outsourced overseas due to the fact that the accountant needs to have a thorough understanding of local taxes and local business practices.
In other words, there will always be a job for you in this sector, especially if you do your best and keep up-to-date with changes in legislation and technology.
2. The pay is great.
Earning a generous salary so you can cover your expenses and live comfortably seems like a dream. A career in accounting has the potential to afford you that lifestyle.
While salaries vary depending on the field and employer, Australian accounting grads can expect to start on a salary from $50,000 or above as per PayScale.
Many accountants, especially those with CPAs/CA and advanced degrees, there is a real opportunity to double or triple that, sometimes after just a few years of work experience.
Your appetite for continued learning, in depth experience in a wide variety of areas, positive attitude and ability to meet deadlines all the times are some of the factors that are important for a successful accounting career.
Our recent blog about Top 5 Accounting Skills Graduates Need for Career Success talks about the importance of having accounting qualifications such as CPAs/CA and other accounting skills graduates need for their career success.
3. Moving into other fields
An accounting career does not necessarily mean a public accountant or a bookkeeper. Your diversity and transferable skills within a company will make it easy for you to transition into another department, if you ever feel like a change.
With a plethora of opportunities that will open over time, you can have a taste of any relevant field. Jobs within the accounting field include:
- Accounting Assistant
- Accounting Clerk
- Accounting Manager
- Accounts Payable Clerk
- Accounts Receivable Clerk
- Budget Analyst
- Certified Internal Auditor
- Chief Financial Officer (CFO)
- Forensic Accounting
- Government Accounting
- Payroll Clerk
- Staff Accountant
- Tax Accountant
Accounting serves as the financial backbone to any self-respecting business.A career in Accounting can offer stability as there will always be a need for the skill set.
All companies, however big or small, will require the services that offer accounting and financial expertise, making this a stable field to work in. The businesses need Accountant in both bad days and good days.
The benefits include regular hours, a salary- which increases over the years, leave and the ability to plan for the future.
These things are critical when starting a family or settling down. So you know your family and health will never be compromised.
A job in the accounting industry can place you to work anytime or anywhere you want. With some career fields, you may need to change your lifestyle and move to an industry hub to find work.
Accounting, however, tends to be a universal need. From farmers to software development companies, everyone could use the services of an accountant, analyst or any other accounting role. This gives accountants or anyone in the industry a fair amount of flexibility when it comes to choosing where they want to travel or settle down.
6. Essential to Real Life
With the extensive knowledge and skill gained from schooling and work, it would make perfect sense to apply these experiences into your own life. Transferable skills such as recording expenses and preparing reports can come in handy in your day to day life.
These vital skills can assist in your budgeting when opting to purchase that dream home or car, or just day to day budgeting.
Being informed about the current industry and how a business operates also helps when making financial decisions such as applying for credit cards, lodging taxes or starting a business yourself.
The 2015 S&P Global FinLit Survey found that only 33% of adults worldwide are financially literate. A career in Accounting puts you leaps and bounds above the rest of the world in terms of financial literacy.
7. Personal Growth
As well as growing professionally with a bundle of experiences in the industry, personal growth can arise from an accounting career try and test different roles within the company.
You may think of an accounting career as dull and number crunching, but it’s more than that. Soft skills can be learnt from even a simple collaboration with a fellow colleague to a large department meeting regarding finance.
Learning new skills as well as observing different careers can assist in narrowing down your options for your career goal and push you further into becoming a well-rounded employee and individual.
Where to find Accounting Training for Your Dream Career?
BLC Training and Internship is a leading training provider focused on enhancing and developing your accounting career!
The Job Ready Accounting Program offered by BLC Training and Internship provides you technical skills and soft skills required for the accounting roles in Australia.
This program is well-suited to recent accounting graduates, professionals contemplating a career change and migrants looking for Australian Accounting experience.
To find us more and our offerings, please visit: http://www.blctraining.com.au or call +61 (03) 9349 2513 to speak to one of our friendly staff members.
If you have a head for numbers, a heart for earning a good paycheck, and a will to live life on your terms, accounting just might be perfect for you. Contact BLC Training today to find out how we can help you too just like we helped many other accounting graduates to land their dream accounting jobs in Australia!