Top 7 Reasons to Choose Accountancy as a Career

Handling finances in a business is a tricky task, and when done wrong, could lead to downfall. This is why a lot of business owners seek the help of Certified Public Accountants (CPAs). These professionals understand the ins and outs of an organization’s finances. They can provide and recommend strategies that would ensure the organization’s success.

Top 7 Reasons to Choose Accountancy as a Career
Top 7 Reasons to Choose Accountancy as a Career

The need for CPAs continues to rise, so if you’re considering Accountancy as a Career, now is the best time to act on it. Being an accountant has its many perks, with high pay being on top of the list, with a high possibility of increasing earnings, once you prove your competency, such as earning a Master’s Degree.

Are you still having qualms about taking the Accounting route? Here are some of the reasons why you should:

  1. Financial security. As mentioned above, accountants get great salaries, higher or even double than that of other occupations, according to the Bureau of Labor Statistics (BLS). BLS states that in May 2021, the median annual salary for an accountant is $77,250.

Salaries vary depending on region as well as industry and experience, but all companies understand that salaries increase based on qualifications and certifications. To take advantage of this, make sure you take courses and certifications as you gain experience to prove your competency.

  1. Stability. You will never have to worry about not having a job because accountants will always be in demand. Any business, no matter how small or big they are, will always need help from financial experts, and that’s where you come in. Handling taxes or preparing balance sheets are tasks that can’t be handled by an individual who knows numbers. It requires expertise as well as experience, which is why there will always be a need for accountants.
  1. Career diversity. The path you can take is endless. The public accounting route is a common choice once you start working in the field, but there is a wide variety of career options to choose from. The common misconception of “Accountancy is boring” is thrown out the window.

Here are some of your options:

Do the bookkeeping, handle the taxes, perform regular audits, and take care of all the financial documents as an Accountant.

  1. Help clients with personal financial planning. Being a Finance Planner involves helping an individual or a family budget their finances, save for their retirement, etc.
  • If you have a knack for doing investigations involving financials, you can be a Forensic Accountant. Your job responsibility would involve reviewing records that prove cases of tax evasion, fraud, and the like.
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  • Work for a firm and supervise other accountants. Being an Accountant Manager means ensuring that your team is abiding by the recent tax and legal codes as well as providing recommendations for the firm’s financial stability and success.
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  • Become a Chartered Financial Analyst. It’s a step up for you to grow professionally and boost your credentials, to become more competitive in the accounting field. You can get your credentials by taking up a CFA Course from a reputable school.
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  1. Schedule flexibility. Accountants generally work long hours during the tax season or if they’re doing their regular audits. But this doesn’t mean they don’t have time to plan for travels or enjoy time off work to spend with family and friends. Off-seasons allow time for such things.

Public accountants have more flexibility in terms of schedule because they don’t follow regular times as that of full-time employees working in corporations. They work with various clients at their own pace and on their own time. They’re not required to attend regular meetings, and they may be asked to travel, so they have to make sure that their schedule is always flexible.

  1. Professional development. Being an accountant doesn’t mean you’ll be stuck in that boring job all day long where you input numbers into your computer. There are various industries where you can work as an accountant and improve your skills.

Depending on what industry you choose, you will always have the opportunity to improve your skills in communication, financial analysis, as well as technical abilities. There are also various courses and certifications you can take to grow professionally and become more competitive and sought after in the industry.

  1. Networking opportunities. Whatever accounting role you choose, the opportunity of networking with other like-minded professionals is always huge. Working for a company doesn’t mean you’ll only be interacting with their employees all day long. You’ll have the opportunity to interact with the company’s clients and partners as well.

Having this opportunity to network means you’ll be able to build connections that could help you in your future endeavors, one way or another. It means you can widen your circle of colleagues who can support you socially and professionally.

  1. Self-employment. You may start as a public or corporate accountant, but you can always venture into business by launching your accounting firm. Running your accounting firm may be challenging, but it will always be rewarding in the end because you will be your boss, you can work anywhere, anytime, and you’ll reap the benefits while attending to other personal commitments.

About The Author

Hemant Singh
Hemant Singh

Hello friends, I am Hemant, Technical Writer & Co-Founder of Education Learn Academy. Talking about education, I am a student. I enjoy learning things related to new technology and teaching others. I request you that you keep supporting us in this way and we will continue to provide new information for you. :)