10 Reasons to Choose an Accountancy Career
1. You’ll be in-demand
No matter where you live or how the economy is doing, there is going to be a need for accountants because governments and all types of businesses continually need accountants and bookkeepers to manage their budgets, deal with taxes, do financial reporting, complete audits…and the list goes on.
Through good times and bad, accountants help companies of all sizes create strategic plans to maximize success and limit chances of failure. Without accounting it would be very difficult for businesses to analyze their financial performance, which would make it harder for organizations to make smart decisions for the future.
2. You can make it your own
Accountants work in all kinds of places – you might find yourselves in various departments within local, provincial/territorial and the federal governments; corporate and commercial businesses; charities and not-for-profit organizations; professional associations; or educational institutions.
What’s nice is that there is often enough flexibility for you to shape your career into what you want it to be; either on your own or as part of an accounting firm.
3. Your work matters (a lot)
Accountants have a lot of responsibility.
They usually have a say in major decisions, which means that they not only have a lot of control over a company’s day-to-day operations, but also the business industry in general.
They can be leaders in financial recording and reporting and in planning and analysis. They can help to determine which practices and strategies survive, and which do not.
Often, their vision for the future is the one that gets implemented.
4. You’re an expert
Accountants are trusted. People look to them for advice and for counsel. They’re respected because they get to see the big picture, and they have the knowledge and experience needed to make sense of it. They’re smart and they have integrity – and this is why the accounting industry is regarded so highly.
5. You’ll never be bored.. !!
This one may surprise you, but the idea that accounting has to be monotonous is a myth!
For many accountants, each day is new and exciting – they never have to worry about things getting dull.
As the accounting industry involves a variety of tasks, accountants are often involved in several aspects of a company’s operations. Chances are that you won’t get bored working in this profession because of variety and greater diversification.
6. You’ll enjoy stability
Accounting offers what many of us start to crave after a spending years living as a struggling student: a dependable career.
In other words, you’ll enjoy stability.
Those who work in accounting generally enjoy the benefits of regular hours, a salary (which will increase over time), benefits, and the ability to plan for the future with a degree of comfort and confidence.
7. You’ll have the opportunity to explore
Given that young people are expected to change occupations several times over the course of their careers, working in an industry that presents you with new opportunities is a huge plus.
From a career in accounting, you could move up within the profession (a vertical shift) – either at your own workplace or a new one – or sideways into something else, (a horizontal shift).
You could even become a high-level manager or leader (think chief financial officer of a company) or start your own business using what you learned during your time as an accountant.
8. You’ll meet interesting people
Whether they’re clients, coworkers, bosses, mentors or people you meet by chance at a random event, your accounting career will bring you touch in with people from a diverse range of backgrounds.
(That’s where a lot of the potential in your career comes from – think of the networking opportunities!)
The relationships you build throughout your accounting career will play a big part in your personal and professional growth. You’ll have a lot of possible relationships to choose from.
9. You’ll learn constantly
Changes in technology and regulation mean that the accounting industry is constantly evolving.
As a professional within the field, you’ll likely need to stay up-to-date on best practices to be successful.
It’s a great way to work your way to the front of the industry, to become a leader and to get noticed.
10. There’s room to grow
As you’ve probably realized by now, accounting is an important industry that offers all kinds of career options.
Accountants can – and do – work almost anywhere. And because they’re in such high demand, there are plenty of opportunities for advancement.
With a little bit of hard work, a drive to succeed and a passion for your profession, you can reap the many rewards that this field has to offer.
Muhammad Aamir is a Fellow Member of Institute of Cost & Management Accountants of Pakistan (ICMAP) with cumulative experience of 10+ years in the profession. He is an M.Phil in Economics & Finance; in addition, he is also Certified Internal Control Auditor. His diverse academic & professional background from economics, finance and audit gives him a unique & captivating teaching skill which in turn enhances students’ learning experience.
Previously, he has worked with KPMG (Audit & Advisory section) and was also associated with Mutual Fund sector of Atlas Group as Manager Finance. Currently Muhammad Aamir is associated with one of private sector university as an Assistant Professor in Management & Economics department. As a facilitator, his objective is to enable students to develop ability of critical thinking & logical reasoning so that intellectual broadening can be inculcated in them.