Accounting plays a valuable role in any organization. Accountants track financial transactions and offer financial information to the organization and all the relevant stakeholders. They handle budgeting, generating, and interpreting financial data. Along with this, they also make reports and manage payroll. These obligations impact the company’s decision-making process, making the accountant’s role important. To know if you want to pursue a career in accounting, these are a few points to think about:
- Steady and Always in Demand: Any industry that deals with financial transactions needs someone to keep track of their finances. Everyone needs accountants from time to time. Accounting is a career that is always in demand due to its important role in monitoring finances. It is a steady field which is projected to grow further. After accumulating the required experience and skills, you can also plan to open your own accounting firm.
- Easy Career Path: If you study to become an accountant and equip yourself with accounting skills, you can easily find a job in the accounting field. This is not possible in most humanities subjects, where career options are not very clear or open-ended. Anyone choosing to pursue an accounting degree clearly knows what kind of career it will lead to.
- Attractive Salary: When you choose a career in accounting, you have a better earning potential than many other jobs. According to the Bureau of Labor Statistics, the average salary for an accountant in the U.S. is $70,500, which is almost twice the national median of all occupations. In 2021, when the median salary for all workers was $45,760, the median salary of accountants and auditors was $77,250. This gets even better with advancement in the career which offers many variable options.
- Work-Life Balance: An accountant’s regular work hours make it easy to manage their work-life balance. Their predictable schedule allows them to plan for vacations, socializing, and family time. They have to work long hours during tax and audit seasons, but this balances out during the ‘off season,’ which consists of less busy time. Also, the need for accounting professionals is almost everywhere, in different sectors, and around the country, accountants have a flexible choice to settle wherever they want. They don’t have to make unwanted moves affecting their personal lives.
Every company needs accounting skills and is directly impacted by the work of accountants. If you are interested in making a career in accounting or looking to add the right candidates to your accounting team, recruiters can guide you in the right direction. They can also give you more information about open positions and available candidates.
