Accounting
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of Accounting majors are female
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of accountants are happy
in their chosen field
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jobs are expected to increase by 2024 in Accounting
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of the top accountants earn more than $115,950 a year
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Accountants are crucial for the smooth operation of businesses, corporations, and governments by assisting in the organization and management of their financial records. If you’re searching for a flexible and long-lasting career option, Accounting is an excellent choice.
About Accounting
Computing & IT is a flexible and diverse pathway, meaning there’s a variety of study options to consider. Most professionals have a three or four-year Bachelor’s degree, which can cost between £9,000-30,000 a year in the UK, around AUD$30,000 a year in Australia, and between USD$20,000-40,000 a year in the US.
However, it’s also important to know that some roles within the Computing & IT industry don’t necessarily require a degree. Often a certificate or diploma is enough. For example, less than half of IT support workers actually have a Bachelor’s degree! At the same time, higher levels of education can translate to higher salaries – those with a doctoral degree in computer science earn an average of USD$93,050 in the US while those with Bachelor’s degrees only earn USD$50,820.
Finally, remember that even after obtaining a qualification, you might require certifications or security clearances for certain roles. This could be an Amazon Web Services certification, an industry accreditation like CISA or CISSP, or a Google certification, depending on the kinds of roles you’re aiming for.
However, it’s also important to know that some roles within the Computing & IT industry don’t necessarily require a degree. Often a certificate or diploma is enough. For example, less than half of IT support workers actually have a Bachelor’s degree! At the same time, higher levels of education can translate to higher salaries – those with a doctoral degree in computer science earn an average of USD$93,050 in the US while those with Bachelor’s degrees only earn USD$50,820.
Finally, remember that even after obtaining a qualification, you might require certifications or security clearances for certain roles. This could be an Amazon Web Services certification, an industry accreditation like CISA or CISSP, or a Google certification, depending on the kinds of roles you’re aiming for.
Accounting is super important for businesses and organizations. Accountants make sure all the money stuff is kept in order and that the right taxes get paid. They also help businesses see how well they’re doing financially, which guides their reports, legal papers, and future plans.
Learning about Accounting can lead to tons of cool opportunities, like working for big banks in fancy cities or helping local small businesses start up.
Is Accounting right for me?
In most Accounting courses, you can expect to go over accounting theory, business administration schemes and even some business law. You’ll learn how to prepare documents like financial statements, tax returns and business proposals as well as gain an understanding of finance, quantitative analytics and maths. This means an Accounting course can actually open up a variety of career pathways in finance, banking, business and beyond.
Working in the Accounting field is great for routine-focused and detail-oriented people. Generally, accountants are avid problem solvers – they love crunching numbers and correcting errors to ensure flawless results. As an accountant, you’ll also have to be okay with working a 9-5 desk job, as well as potentially working overtime during tax season.
Finding your true calling is possible by choosing a specialisation. This might include tax, investments or even something called forensic accounting!
Accounting study options and costs
Many accountants have a Bachelor’s degree in Accounting, though some have shorter certificates or diplomas that take about two years to complete. If you’ve already finished other college courses, you can also go for a higher-level degree like a Master’s in Professional Accounting, which is great if you’re switching careers.
Getting an Accounting degree can be pricey, sometimes over $30,000, especially if you go to a fancy school. A two-year program can be cheaper, but check out what kinds of jobs people with shorter degrees get in your area. If lots of people are competing for jobs, you might need at least a Bachelor’s degree to stand out.
You should also consider the expenses for any certifications or registrations required to practice legally in the country where you plan to work.
Future outlook
Accounting is a reliable career choice with lots of job opportunities. That’s because there’s always a need for accountants, especially as more people start their own businesses. Just in the US, the number of accounting jobs is predicted to increase by 10-11% by 2026, which means about 139,900 new jobs!
With technology getting more advanced, a lot of boring accounting jobs can be done by machines now. But that doesn’t mean accountants are out of a job! They’ll still be super important for the tricky stuff like staying updated on tax rules, managing teams, creating smarter ways to do accounting, and dealing with keeping data safe.
Career pathways for Accounting graduates
Auditor
If you enjoy examining things very closely, you might be interested in becoming an auditor. Auditors are like financial detectives who look into a company’s money matters, check their methods, and write up their findings. Many auditors work independently, visiting different companies. Others work directly for a company. To become an auditor, you’ll need a Bachelor’s degree in Accounting and the right certifications.
Bookkeeper
Bookkeepers, as the name implies, are the ones who keep track of a company’s financial records, like paying bills and keeping an eye on accounts and transactions. It’s a great job for people who might not have a college degree or who’ve done things like data entry before because you can start here and move up in the company.
Forensic Accountant
If you enjoy solving puzzles and uncovering secrets, becoming a forensic accountant might be just right for you! Forensic accountants are like financial detectives. They hunt down crimes like stealing money or cheating with finances, and they present their findings in court. Big companies often hire them to make sure everything is fair and honest. To become one, you’ll need to study accounting in college and get certified.
Tax Accountant
If you love paying close attention to details and want to help people and businesses save money, becoming a tax accountant might be just right for you. As a tax accountant, you’ll handle filing tax returns and keeping track of financial records for individuals or companies. If you work with individuals, you’ll help them fill out their paperwork correctly and give them tips on how they can lower their taxes legally. If you’re up for an even bigger challenge, you could focus on corporate tax.
Project Accountant
Interested in trying something different in accounting? Consider project accounting! In this job, you’ll handle the finances for specific projects, gathering and studying data on how they’re going and how they’re doing money-wise. It’s great for people who want to work independently because you can do it on a contract basis. To begin, you’ll need a Bachelor’s degree in Accounting and the right certifications.
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