Are you looking for an employment domain that ensures progression and stability? If yes, then a career in accounting is your call. Did you know that the accounting jobs are likely to grow 10 percent by the year 2026? Most people have a very general idea when it comes to an accountant’s role in an organization. Here is a piece of breaking news for you that all accountants do not perform the same tasks in the same environments. Once you obtain a degree in accounting, you will have several different career paths, and you can pick from them.
Most accountants start their careers in similar positions, but the career paths will vary over time based on your experience and education. Accounting jobs can fall into four main types: management accounting, internal audit accounting, government account, and public accounting. As you decide on a degree in accounting, you should have a clear idea of the different accounting jobs available in the market. Here are the seven employment opportunities that you can avail with a degree in accounting:
For increasing the profits and reducing the financial waste of a company, a cost accountant is necessary. If you are into collecting and studying data, the cost accountant position should be your choice. Cost accountants are the problem solvers of the company. The cost accountant job description includes determining the costs of providing a service or manufacturing, preparing the company budget, analyzing profitability, and scrutinizing the company expenses. Although it is an entry-level position but with experience, you can advance to becoming internal auditing managers, budget directors, chief financial officers, and in some cases, a corporate president.
With an accounting degree, you can land a job as the company’s auditor who inspects the financial records and checks for reliability and accuracy. Your role as an auditor will vary depending on the type of auditor or the company. The responsibilities will vary based on an internal or external, government, or forensic auditor. Your responsibilities will include properly filed taxes, examining and organizing financial statements, and making recommendations to the management.
Chief Financial Officer (CFO)
A chief financial officer’s responsibilities vary from company to company, but CFO should excel in business strategy, performance, financial management, and risk management. As a CFO, you will need to act as a cross-functional leader and help the business make informed financial decisions. CFOs also implement revenue strategies for the company.
If you have a knack for details, a Forensic Accountant is a career for you. It is the fastest-growing job when it comes to law enforcement. You get to investigate fraud by using auditing skills. You provide an expert opinion regarding legal matters in a court. Details will matter the most as the reports prepared will be scrutinized in court by attorneys, judges, and juries.
Another option as a stable career in accounting is the position of Managerial Accountant. You will plan and prepare financial reports and help the high-level executives to make financially responsible and informed decisions. Some of the career tasks include forecasting, cost-based planning, incremental costing, overseeing the product process, and enterprise optimization.
If you are looking for a relatively flexible job in the accounting field, the Financial Analyst will be the best choice for you. As a financial analyst, you need to assess a company’s financial health and help them make investment decisions. This job’s duties can vary based on the company but is usually very flexible compared to other accounting jobs. If you have a knack for financial modeling, data gathering, developing investment theses, spreadsheet maintenance, forecasting, and communication with management and investors, a career as a Financial Analyst will work like a charm for you.
Information and Technology Accountant
With advancements in information and technology, you can now opt for an Information and Technology Accountant career. As an information and technology accountant, you will be responsible for the system incorporated into a company to organize and report financial data. This role requires you to have a knack of information technology as well. It would be best to identify technology solutions for the company and be a natural problem solver.
Here is a bonus for you if you opt for an accounting career before wrapping up the opportunities. You can be a Financial Advisor to the stars! Being a financial advisor to a star, you will be in the loop in decision making regarding their investments in action comics or maybe a Piccaso. Your hard work as a financial advisor will make you walk the red carpet soon from unexpected expenditures such as buying a pet shark to estate planning. So clear your mind, focus, and decide one accountant job, which you think can help you achieve your dreams along with paying your bills.