Unfortunately, accountants get a bad reputation for being boring, which puts some individuals off the job. Despite this, there are some interesting branches of accountancy, and it’s not all tax returns and payrolls. In fact, there are many perks to choosing a job in accountancy, and these perks certainly outweigh the limited downfalls. Quite simply, the only people who consider accountancy to be a boring profession are those who don’t understand it. Upon studying and understanding the premise of accountancy, you’re sure to be convinced by its value as a career option. So, why is accountancy a wise career option?
As Long as People Make Money, You’ll Have a Job
First thing’s first, there will forever be a need for accountants, as people will forever be making money. Whether we like it or not, money is one of the most important aspects of the world, meaning that being capable of handling it is incredibly valuable. All the top businesses in the world require an accountant or even a team of accountants, and they’re willing to pay a lot of money for them. This is because accountants are ultimately the protectors of a company’s assets, and a business will do all they can to protect these.
Career Growth is Infinite
When it comes to establishing yourself as an accountant, the only way is up. The more experience that you get and the more qualifications you obtain, the more valuable you’ll be as an accountant. The learning in an accountant role is endless and after seven years of education there’s still more qualifications to be gained. Therefore, accountancy is ideal for those who are keen learners, as it will take years and years of experience to say that you’ve learned everything there is to learn.
You Have a Strong Foundation for Life
You might be surprised to learn that only 33% of adults across the globe are considered financially literate. As an accountant, you’ll find that you’re leaps and bounds ahead of the rest of the world in terms of financial literacy. Therefore, you’ll be able to manage your credit cards well, apply for a mortgage, and even save for your retirement. Similarly, this financial literacy is incredibly employable, which sets you up for all manner of employment opportunities in the future. Ultimately, training to be an accountant puts you in a solid position to progress in life.
The Salary is Great
The perk that most individuals are aware of when it comes to accounting is the generous salary. Of course, your salary will depend on your experience level; however, the average salary of accountant is around $60,000. Therefore, anyone wanting to make a significant salary should seriously consider entering the accounting sector. When compared to other high salary positions, such as doctors, surgeons, and consultants, the responsibility level is rather low. Consequently, accountancy is a solid career choice for anyone looking to earn a significant amount of money in the absence of liability for other people.
The Skills are Transferable
Just because you train to be an accountant doesn’t mean you have to be an accountant for your entire life should you grow tired of the profession. Thankfully, all this training won’t be wasted either, as the skills you learn can be transferred to an alternate career path. These include recruiting, teaching, trading, and consulting, to name just a few of the jobs that apply accountancy skills. Once you’re in a solid financial position from your accountancy work, you’re free to explore other avenues and trial positions that work for you, as well as ones that don’t.