Careers in accounting have recently become much more profitable than they used to be. A recent report by the Bureau of Labor Statistics has shown that the employment of accountants and auditors is projected to grow 4 percent from 2019 to 2029.
In the following lines of this article, I’m going to show you some of the top careers in accounting you can leverage this year. Do follow me very closely.
Now let me tell you a shocking truth: In general, the employment growth of accountants and auditors is expected to be closely tied to the health of the overall economy.
So, do follow me very closely. I’m going to show you some of the trusted careers in accounting you can pursue now to wreck thousands of dollars.
Meanwhile, here’s the table of contents below for an overview of what to expect in this article.
Table of contents
Why choose a career in accounting?
If you are not yet certain why you should pursue a career in accounting, going to show you in this section.
A career in accounting gives you access to a profession that is well respected and known for high integrity and prestige.
Unarguably, accountants are respected business professionals, as accounting is known to be one of the most trustworthy professions.
There’s a certain satisfaction you feel becoming a trusted advisor to others where you work.
Your work as an accountant helps shape and grow the business of your workplace for the future. This will make your organization rely on your expertise in order to make tough decisions on how to build the business and support future growth.
This has a way of increasing your confidence and career satisfaction. Additionally, you get a very high-income reward for the value you provide.
In the same vein, pursuing a career in accounting opens you up to plenty of opportunities to advance within the accounting industry.
So, you see, there are just too numerous reasons why you should study accounting.
What marketable jobs can you get with an accounting degree?
There are so many marketable careers in accounting that you can pursue now that will bring very high-end rewards. In the few lines to come, I’m going to show you as you follow.
List of Marketable Careers in Accounting
Look through the list below;
- Auditor
- Financial Analyst
- Risk Analyst
- Compliance Officer
- Forensic Accountant
- Credit Analysis Manager
- Tax Accountant
- Budget Analyst
- Bookkeeper
- Finance Director
1. Auditor
Average annual salary: $63,427 per year
According to Investopedia, an auditor is a person who has been authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.
Basically, auditors work in various capacities within different industries, ensuring that all finances are accounted for. Auditors are trained to both randomly assess financial management and in specific cases when financial crimes are suspected.
This is a highly profitable accounting career you can start now to pursue.
Read: 10 Best Accounting Schools in the World
2. Financial Analyst
Average annual salary: $67,284 per year
A financial analyst is a professional trained to carry out financial analysis for external or internal clients as a core feature of the job.
He makes business recommendations for organizations based on analyses they carry out on factors like market trends, the financial status of a company, or companies that do the same business.
Depending on the wealth and size of their clients, financial analysts consult for companies and organizations worth millions of dollars.
3. Risk Analyst
Average annual salary: $77,253 per year
Risk Analysts work closely with organizations to evaluate the possible financial risks that may plague the organization in the near future.
They use their analytical skills to project potential losses and make recommendations to limit risk through diversification, currency exchanges, and other investment strategies.
4. Compliance Officer
Average annual salary: $62,771 per year
A compliance officer is a consultant in a company that ensures the firm complies with its outside regulatory and legal requirements and internal policies and by-laws.
Usually, compliance officers have a duty to their employer to work with the management and staff to identify and manage regulatory risk.
They are responsible for ensuring their organization complies with government regulations and also help them avoid missteps that could cause hefty fines, legal ramifications, and reputation damage.
This is one of the most profitable careers in accounting that you pursue immediately. The demand for compliance managers is high, and you can be almost sure of a placement soon after your training.
5. Forensic Accountant
Average annual salary: $77,061 per year
Another marketable career in accounting you should pursue is to become a forensic accountant.
Just like auditors, forensic accountants are experts and investigators of legal and financial documents that are hired to look into suspicious/fraudulent activities within a company.
In some cases, they are hired to prevent fraudulent activities from occurring. Forensic accountants find career opportunities in law enforcement agencies like the FBI, etc.
Read: 13 best Accounting Schools in California
6. Credit Analysis Manager
Average annual salary: $57,373 per year
A credit analysis manager is usually tasked with the responsibility of analyzing and reporting financial data about clients. They collate and analyze information regarding credit history, paying habits, annual earnings, and purchase activities.
Credit managers are usually responsible for accepting or rejecting loan applications based on certain financial understanding and have the authority to oversee the company’s lending process.
7. Tax Accountant
Average annual salary: $70,652 per year
A Tax Accountant is a trained financial expert that has been trained to assist clients and companies with their financial and income tax statements.
Basically, they research, study, and interpret tax law. Their work includes preparing payments, identifying tax savings, and analyzing tax issues.
8. Budget Analyst
Average annual salary: $54,520 per year
Budget analysts help organizations allocate their financial resources. They develop, analyze, and execute budgets, as well as estimate future financial needs for private businesses, nonprofit organizations, and government agencies.
They are experts in making budget reports and monitoring organizational spending. Budget analysts help public and private organizations plan their finances.
9. Bookkeeper
Average annual salary: $40,750 per year
A bookkeeper is someone who prepares your accounts, and documents daily financial transactions.
Bookkeepers are responsible for recording transactions such as income and outgoings, and posting them to various accounts, processing payments, conducting daily banking activities, and producing various financial reports.
10. Finance Director
Average annual salary: $104,014 per year
Generally, finance directors oversee and manage the economic and financial health of an organization. They make high-level decisions to meet financial goals and strategize for long-term monetary health. It is one of the best accounting jobs you can take.
Conclusion
You can begin now to pursue any of these careers. One thing is, you can be sure to have a swell time when you pursue any of these careers in accounting.
There are online accounting programs you can take while on the job. If you want to attend the conventional class lectures, that is yours to decide.
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References
- indeed.com – 22 Accounting Jobs That Pay Well
- accounting-degree.org – Top Paying Jobs You Can Get With a Master’s Degree in Accounting
