Benifits of Careers in Accounting

As we all know accounting is a highly demanded and one of the most respectable jobs in todays economy. There are several benefits for choosing accountancy as your career. In this post I will be discussing some of the major benefits of choosing accountancy as your career. 

Several Fields to Choose From

Accountants can choose careers in different industries in the public and private sectors, or they can be self-practicing. Accountants may choose to do tax, bookkeeping, payroll,auditing or accounting services, while others work in government, finance, insurance, manufacturing,banking or company management. Accountants who have the Chartered Accountant (CA) designation often open their own businesses after working under a company or a CA Firm after a few years. In addition to the accountants who work in an office, a certain number travel to audit clients, or they work from home or self-owned offices. 

High Demand and Good Paying Jobs

There were more than two million accountants working nationwide as of March 2013, according to some surveys done. They reported an average income of $73,120 in 2012, up from an average of $70,690 in 2010. Their 2012 salaries ranged from less than $40,000 for the lowest 10 percent to more than $110,000 for the highest 10 percent. The largest number -- more than 300,000 accountants worked for accounting, tax, bookkeeping,auditing and payroll services, where they averaged $75,000 per year.

High Growth Prospectus

Accountants frequently begin to receive promotions after one to two years of work experience. Certain accountants advance to company executive, budget director, controller, chief financial officer or president of a corporation. The number of jobs for accountants will grow by 20 percent between 2010 and 2020, keeping pace with the average profession, according to the BLS. Those with a master's degree, CA or other professional designation will have the best prospects.

With so many options to work for and potential career paths, career in accountancy can form a solid foundation in future. While accounting may have abundance of number crunching, there is enough variety within accounting careers to find a path that is made for you.