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5 Reasons An Accounting Career is Right for You

At first, a career in accounting can seem pretty boring. After all number crunching doesn’t sound that entertaining at first glance, but there’s more to an accounting career than meets the eye.

The modern accounting career often includes travel, intellectually challenging work, and competitive pay across a number of different industries. Accounting careers can also include teaching a self-study CPA course or accounting degree program to future certified public accountants. The options are limitless.

Let’s look at a few of the reasons why an accounting career might be the right choice for your future.

1. Competitive Pay

Most students overlook accounting career because they tend to focus on other highly paid professional career opportunities. The fact is that accountants have some of the same salary ranges as doctors and lawyers given the right industry.

Accounting accountants are highly skilled and highly paid professionals ranking among the top financial income earners according to the Bureau of Labor Statistics 2022 report.

Accounting salaries range from $75,000 to $500,000 per year depending on your career path. Typically, the higher salaries are in public accounting at the senior and partner levels, but many highly paid accountants also hold advisory positions on public company boards and executive level C-suite jobs at large companies.

The salary opportunities are just as diverse as the career paths themselves. If you want a career with an average starting pay of over $50,000 and a near endless amount of room for improvement, accounting career might be a great choice for you.

2. Travel

The modern accountant isn’t your 1950s era desk worker who is stuck behind inside a cubical with a calculator and a pocket protector. Accountants today have the opportunity to travel, meet their clients, and perform on sight reports.

Auditors are among the most traveled financial professionals because they need to be able to visit clients’ business and perform and document audit procedures. These clients might be in the same city or in the next state over.

This flexibility gives you a ton of opportunity to travel. Plus, most larger firms have locations around the US and abroad giving you the opportunity to transfer to different areas around the world.

For example, KPMG, one of the big 4 accounting firms, has offices around the world. It’s not uncommon for KPMG staff to request office transfers to different locations across the country or around the world for a different pace.

The public accounting industry gives you this type of flexibility.

3. Interesting Work

Basic number crunching is a thing of the past for future accountants. Today accountants focus on much more than simply balancing books. They help plan company expansions, international tax strategies, and diverse investment goals.

Certified public accountants are experts in financial accounting, tax laws, and business structure strategies. If you are on the CPA career track and studying for a section of the CPA exam, you will be able to work on any number of interesting work projects.

Plus, there’s no shortage of opportunities to grow. If you find you don’t really like doing tax and compliance work, you can always switch to consulting, management, or even auditing.

There are endless amounts of interesting work opportunities. If you want a career that challenges you intellectually and keeps you on your toes, an accounting career might be a great fit.

4. Diverse Opportunities

Too many people pigeonhole accountants into one time of job. The fact is that the accounting profession is extremely vast in scope. There is so much more to professional accounting than doing taxes.

While it’s true that both public and private accountants do taxes and perform compliance work for clients, they are capable of much more than that.

Accountants often hold board seats and advisory roles in both public and private companies. They also act as officers in the companies as well. If you want to become a CEO or CFO of a major company an accounting degree or accounting certification would be a great start to that career goal.

Accountants also work in nonprofits to manage their funds, invest their endowments, and make sure the 501-c3 organizations stay compliant with the applicable tax laws.

5. Career Stability

One of the most underrated aspects of an accounting career is its stability. With the market changing so quickly and the employment landscape constantly moving, accountants will always be needed.

The fact is that if you become a CPA, you will be qualified to do a wide variety of different financial and legal jobs that businesses, nonprofits, and individuals will always need.

Regardless of the economic conditions accounting has been a stable career path for the past 50 years and will continue to be one in the foreseeable future. After all, it doesn’t matter if the economy is up or down, businesses and people will still need their taxes done, investments managed, and financial assets secured.

Conclusion

Accounting is a growing profession with a ton of opportunities. It’s estimated that the accounting industry will grow 10% over the next year and at least 5% per year after that.

With its stable, competitive pay and diverse career paths, a career in accounting will provide you with a unique set of experiences that other careers can’t offer. If this sounds like something interesting, you should look into a career in accounting.

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