Pros of Accounting Career

Progress and success in career depends on multiple things like your qualification, personality,working style and life priorities.

Of the many careers we are going to look at today the possible pros of an accounting career, this can help you make an informed decision. Lets learn about a few of the perks you can expect by pursuing this profession.So is accounting a good career for you to pursue?

Career path is clear- This career gives you a clear path compared to those who choose to study English or philosophy where the potential career outcomes is difficult to define. In accounting you are learning practical skills about crunching numbers and analysis of costs. If you choose this career you’ll have a solid idea as to where your career will take you.There are different types of accountants in the field, the duties you’ll have and skills you’ll use will be generally the same, meaning you know what you’re signing up for. Therefore you can become a management accountant and see yourselves become a financial controller in the coming years.

Stable and Growing in terms of job- This is a sort of profession that will not go away anytime soon!! All businesses needs an accountant or full accounting team for handling all companies costs and TAX matters, therefore even an average person has all the reasons to hire an accountant. Also the job prospects in this field is growing, especially growing need of help with taxes which is never ending and as long as it exists there will always be a need for accountants. As per The Bureau of Labor Statistics (BLS),  the employment in this field would grow 10 percent from 2016 to 2026, this is supposed to be faster than the national average rate for all occupations.

So once u have completed your graduation you can begin your career as an entry level associate and also here the potential for growth is magnificent!Many accounting graduates  start as staff accountants, junior auditors in public accounting or assistants in the controller’s office in private accounting as they begin to plot their career paths. After getting enough experience and gaining experience one can further advance his/her career through on job performance or additional training and certifications.

Good potential in Earnings - Everyone wants a career that allows to provide good for yourself and family. So what is good about this one? According to BLS the average annual salary for an accountant in 2017 was $69,350 infact, the BLS reports that the top 10 percent of earners made upwards of $120,000. Also in addition, full time accountants get many other great benefits such as retirement plans,healthcare and more,the BLD also states that most of the full time accountants work 40 hours a week

Flexibility in working- You can work where you want to work. In most of the career fields you have to uproot your life and move to the industry hub;accounting however, tends to be everywhere. From farmers to government organizations to software development companies,all need accountants. Hence this gives accountants a fair amount of flexibility when it comes to choosing where they want to settle down.

Entrepreneurial potential- There is a great potential here for starting up your own business however you don’t seem to have the same option in every profession for example it is highly unlikely that a pilot would open his own airline but fortunately an accountant can open his or her own firm, the dream of being your own boss is alive here, if you are a person with a entrepreneurial spirit it is always a great idea to start up your own accountant firm and advance your career.

Therefore as can be seen there are many perks of taking up Accounting as your career. Obviously a lot depends on how you perform since the qualification can only get you in the interview room, rest all depends on your personality and the X factor!