Like all other careers, accountancy also holds significant benefits for the individuals. Nowadays, many youngsters are willingly enrolling and pursuing careers in the field of finance and accounting. Pursuing a career in accountancy is a decision that many students do not regret due to the perks and benefits. If there is one career that promises job security and numerous other perks, that would be in accountancy and finance. Fresh graduates always celebrate the milestone of education for bachelor’s, master’s, and Ph.Ds. However, they also avoid the fact that whether their education will show a promising return on investment for time and money or not. Earning an accountancy education can indeed render the return on investment by opening a wide range of opportunities.

 

Accountants are responsible for managing and analyzing financial statements, taxes, and other companies’ financial records. It was predicted that technology would replace the accountants just like any other career. However, accountants now have a broad responsibility rather than just crunching numbers on the desks. Accountants can work on all kinds of departments, from the public to private sectors and banks and sports arenas. The benefits of being an accountant indeed vary from place to place. However, the industry hands out a vast range of opportunities for professionals. With that said, let’s discuss the top perks of being an accountant.

 

  • PROFESSIONAL GROWTH

Education is the most crucial gateway to grow in an accounting career or any other career. Students after bachelor can start at the entry-level position as accountants. These positions may include junior auditors, staff accountants, or smaller financial assistants. However, like masters, professional education can help you achieve a highaccounting career salary and growth in the industry.

 

A significant reason is thatmost employers always seek professionals with relevant educational backgrounds for accountant positions. The education can help you guide the directions and tailor your career to get the most out of it.

 

  • RISING DEMAND

One of the top perks of accountants is that it is under high demand around the globe. Businesses always need accountants to manage their financial reports and money. In this case, the demand for accountants is never going to settle in the future. The job prospects for accounting will grow exponentially in the future. Not just for businesses, but some families also consider accountants to make massive purchases and retirement plans. They seek help from professionals for saving money and borrowing loans from the banks.

 

According to USBLS, employment growth in accountancywill reach 10% in the coming years. That means that the field will provide a wide array of opportunities to experts with professional educational backgrounds. Both personal and corporate accountants can deliver their best skills in the rising industry to grow in their careers.

 

  • STEADY SCHEDULES

Unlike any other career, accountants work in relatively steady schedules in financial firms. That means that accounts do not use more than 7-8 hours, which depends on their type of job and responsibilities. Moreover, the career is entirely open to give the individuals their own choice to schedule appointments throughout the day. Sometimes accountants pay visits to their clients and help them with their financial needs. In short, the accountant’s job is not overwhelming and involves regular hours.

 

  • VARIETY OF ENVIRONMENTS

As discussed earlier, accountants work on various other roles rather than crunching numbers on desks. Everyone can avail of the services of accountants for their financial needs. Accountants tend to work not only in the financial firms but in software departments and the healthcare sectors. Accountants can also be self-employed and sell their services for consultants, bookkeeping, and financial analysis. It is entirely their own choice whether they want to work in government, financial, or insurance companies. Accountants with a Certified Public Accountant certificate can also open their own business.

 

  • FAVORABLE SALARY

A career in accounting also guarantees good salaries for professionals with education and experience. Everyone has heard the fact that companies and firms give accountants fairest wages. Most accountants enjoy earning around $71,550 each year. Surprisingly, this is the median salary for entry-level positions after the bachelor’s degree. Moreover, female accountants have more earning potential as compared to men in the accounting sector. That is the reason why accountancy is considered the top profession for women.

 

  • ENTREPRENEURIAL POTENTIAL

A career in accountancy also gives the choice of starting your business. As discussed earlier, there is no limit for the environment, and accountants experience all kinds of grounds. There are numerous examples of startups that started their business in accountancy. However, this only happens after a professional experience in the field. This experience allows individuals to develop strong business contacts and then going solo. In this case, every accountant must have vital networking and communication skills. There are endless options for accountants to start their own business.

 

  • CAREER DIVERSITY

When it comes to financial matters, there are countless opportunities for professionals with interests. Accountants enjoy all kinds of perks, which makes the career diverse and broad. It is also the reason why many accounting professionals consider to practice solo or establish their own companies. The profession trains the professional for each aspect of running and financially managing the business. Moreover, taxation, auditing, and business law also encourage professionals to pursue their career goals.

 

  • NETWORKING

While working as an accountant, you might also meet many new and exciting people. These people may include many praising clients, co-workers, the boss, and career mentors. Networking will allow you to learn and gain industry exposure. You can also build a relationship with these people, which can later help you start your firm.

 

FINAL WORDS

Undoubtedly, accountancy is a rewarding and lucrative career. It also provides a learning curve for individuals who are motivated toward career advancement. Since technology is changing the world forever, progress is essential to keep your career and skills relevant. The accounting field will always remain a unique career with ever-growing demands in the market. Moreover, getting certified for CPA can assist you in achieving your career goals for starting your business.