Did you know the average career typically lasts around 40 years? The most recent 40-year period was filled with unprecedented change; changes in our country, economy and even how we work. The world has been and will continue to evolve, so when you begin planning for your career it’s important to pursue one with an outlook beyond just the immediate future. In this post I will explain how earning an accounting degree can add up to a career that continues to stand the test of time.
A Timeless Career
Did you know accounting professionals have been around for centuries? The first accounting textbook was written in 1494! Sure, throughout history many different things have changed in the world of accounting, but the career itself is still in the black.
An Appreciating Career
The employment history for accounting professionals has been one of strong overall growth. According to the Bureau of Labor Statistics growth is expected to continue to the tune of 16% through 2020. Because of such scandals as the Bernie Madoff ponzi scheme and other recent financial scandals, there has been an increased focus on accounting, which seems poised to only continue for the foreseeable future.
A Career with Options
In today’s business world there are many different career paths for accounting professionals to pursue. While you may see some strange accounting job titles it’s important to understand accounting professionals have the ability to pursue a variety of different positions within different fields.
- Budget Analyst – Help organizations organize and budget their finances.
- Cost Estimator – Collect and analyze data in order to determine cost estimates for businesses.
- Financial Analyst – Provide guidance in making investment decisions.
- Financial Examiner – Review financial information to ensure regulatory compliance.
- Personal Finance Advisor – Provide financial advice on investment, tax or insurance decisions.
- Tax Examiner – Review tax returns and conduct audits to ensure that taxes are fully paid.
Account for Your Career’s Cash Flow
For a career that often involves the counting, track and dispensing of funds it’s important to be aware of what you may be able to expect in your career. The median wage per year for accounting pros is about $61,000 per year with the 10th percentile earning $38,940 according to BLS data. With the variety of similar occupations in this field salaries can vary, but by having the ability to pursue a varying amount of different specific career fields, you have the ability to find a position and salary that can make your friends envious of the career that you built for yourself.
How to Build a Career with Equity
In order to enter into this career field, companies and organizations typically require a bachelor’s degree in accounting or a similar area of study to be considered for these positions. It would also benefit you to pursue other extra curriculum activities such as finding an internship or completing other license and certifications in order to build your career.
But first things first; earning your degree is the most vital part to begin building a successful career. Upon earning an accounting degree you will have an asset that likely will never depreciate, and the knowledge gained will help lead you into a promising career with strong growth and potential.