When you’re weighing up your options for where you want to take your life, having a strong and stable career path can sometimes make all the difference. And when it comes to training for a career as an accountant, there are several routes you can take to earn a good living and work across multiple industries across the world.
Managing the finances of a company is one of the most vital parts of running a successful business venture. And considering how many companies can live or die by the accuracy of their books, demand for qualified accountants continues to grow.
But is a career in accounting right for you? And what other reasons are there for making that final decision to explore your options as an accountant? Here are just 5 reasons why you should stop and take the time to think about embarking on a career in accountancy.
Accounting is Here to Stay
Advancements in technology such as making tax digital initiatives have helped to adapt accounting procedures and methods to the modern world. But while these advancements continue to streamline processes, the role of the accountant is still vital to all industries.
In fact, the automated technology available has opened the doors to work opportunities across multiple data-focused and analytical industries. In other words, a career in accounting is the chance to continue to thrive alongside the expanding technologies available. After all, people are always going to need accountants!
It Can Pay a Great Salary
Another incentive for a career in accounting is that it offers you the chance to earn a good salary and continue to gain additional training to earn even more in the future. In 2022 alone, the average UK salary for an accountant was £43,000 as a baseline. This doesn’t even take into account the higher salaries accountants can earn in areas like London or Scotland.
A company’s financial matters are no joke, and qualified accountants are paid accordingly for their expertise and insights. And with ample opportunities to expand on that knowledge through additional training and qualifications, you can potentially increase your income even more.
You Can Become Your own Boss
Many students relish the idea of someday becoming in charge of their own fates and setting up a business for themselves. With a career in accountancy, you can choose to be self-employed, run your own bookkeeping company and create your own ideal working hours.
Not all industries can suit a self-employed person who wants to work a more flexible schedule to suit their needs, but many accountants prefer to start their own firms instead of working for someone else. And since you can arguably run your own business from your own home, there are very few overheads to worry about too!
Accounting Offers up a Lot of Varied Work
Every kind of business needs a good accountant, which offers you the opportunity to experience new things and develop a wide range of skills. And with ample choices to gain more accreditation and climb the corporate ladder, you’ll have the chance to advance further and reach higher in your respective roles.
And with the experience of working in so many different industries behind you, you’ll be able to develop into an effective manager, executive, or even a CEO someday. Do you already have a specific area of accounting you want to work in? Perfect! You can cultivate a strong network of contacts to help you achieve those goals.
Limitless Potential for Growth
This clear path of avenues and opportunities means you’re only limited by your own aspirations and ambitions. There is a set and specific line of progression you’ll be able to make should you choose to do so. You’ll also have the chance to become a part of a professional accounting body to add even more depth to your portfolio for healthy career advancement opportunities in the future.
Through a combination of examinations and work experience, you can become a fully-qualified accountant. And while you don’t have to have a degree to be an accountant (some people choose to begin by studying for an AAT instead), being fully qualified is undoubtedly a viable way of creating that first step towards limitless career growth.
Accountancy | Final Thoughts
In a world that can sometimes seem full of uncertainty in the job market, it’s comforting to know that a move into the accounting industry can provide a little more stability for students looking to make that first big step in their careers.
The generous earning potential and ability to progress quickly in accounting can be extremely rewarding. And you can achieve ultimate job satisfaction while working in a vocation that offers leadership building, communication skills, and more.
For anyone looking to find a bright new career in a job that continues to be a vital part of all industries, then considering a job as an accountant may be perfect for you!