Most Popular Jobs with Accounting Degree 2019
Accountants are usually responsible for collecting and analyzing financial records of an institution, individual, or organization. You can help people file taxes, as well as help, assess the financial performance of an organization based on past and present financial records.
As an accounting degree holder, consider assisting college students with accounting homework help while you wait for formal employment. Such online jobs pay well, and they ensure you stay on your feet after graduating.
Typically, all accounting jobs require a bachelor?s degree in accounting, and you also have to be certified as a public accountant. Once you acquire all the requirements, you need to figure out which accounting job is suitable for you. The beauty of this career path is theirs is a wide variety of environments where you can work.
The abundance in employment opportunities ensures you don?t get stuck in a toxic work environment. As you seek the ideal job, ensure you gain experience working in different environments.
As an experienced Certified Public Accountant (CPA), you?ll have a competitive edge over other candidates seeking employment. Read on to learn about different accounting jobs and what you need to do to get them.
Where to Begin your Career
The best place to begin your career is applying for an internship in a well-reputed organization. The experience you gain will help you secure a high-paying job. Ensure that while you’re still in school, you use the summer breaks to work under professionals in trustworthy institutions.
An internship is the best way of getting your foot in the door like a professional. Such opportunities help you jump start your career. If you’re lucky, the company might decide to hire you once your internship is over. Internship opportunities for accounting degree holders include government internships, forensic accounting, and tax preparation.
Even though you need an internship to move forward career-wise, don?t settle for just anything. Ensure that the company is a good fit for you as your first working environment builds a foundation for the rest of your career journey.
Consider where in the country you want to work, the type of organization you want to work in, and if the compensation the company offers can sustain you throughout the internship period.
Find out What Jobs are Available for Accounting Majors
Once you complete the internship, the next step is finding out what jobs are available for accounting majors. This is what you?ve been looking forward to since the first day you stepped into an accounting class.
Now that you?ve mastered your skills and acquired the much-needed experience, you can now apply for jobs. When you?re looking for opportunities on job sites, ensure you click on the job title to learn more about the job description. Before applying for any jobs, ensure you fully understand what it entails.
The details also include how much the job pays. ?At this point, you most likely already know how much you?d like to earn. The most interesting entry-level jobs for accountants are staff accountant, auditor, and financial analysis.
Useful Job Search Pointers
Job search is exhausting because people tend to be impatient. You need job search pointers that will help speed up the entire process. The first thing you need to do is get an experienced professional in your field to read your resume. An experienced accountant will help you polish your resume, so you increase your chances of landing a good job.
You need to use your resume to communicate your ability to complete accounting tasks. Ensure the resume highlights the experience because every candidate has an accounting degree anyway. At this point, you still don?t have big achievements to mention. That is why if you?ve worked retail jobs and other summer gigs, you need to mention them.
This way, you can stand out because such gigs show that you can take the initiative. Organizations are always on the lookout for accountants who are fast on their feet. Remember that regardless of the field you want to work in, the skills you have to showcase as an accountant are the same across the board.
Every accountant needs to pay attention to details and polish their analytical skills. You?re also required to be a critical thinker and have exceptional IT skills. Talking to a professional ensures you find ways to showcase your experience even if it?s limited.
Acquiring Certification in Accounting
Acquiring certification as you?re just entering the job market ensures that you stand out. The letters that come after your name as an accountant go a long way. In fact, there are those that are mandatory. So you might as well get them over and done with as early as now. Certifications and credentials help you get a job faster as an entry-level professional.
1. Acquiring and Maintaining your CPA Status?
Certified Public Certification (CPA) is the basic certification every accountant requires to practice as a professional. The rules vary state to state, so be sure to find out the regulations in the state you want to practice in.
2. Continuing Professional Education (CPE)
This next one is not a certification per se, but every accountant is required to acquire a Continuing Professional Education to maintain their license. Failure to acquire your CPE within a given timeline might result in your CPA status being revoked.
3. Pursuing an Advanced Degree?
Pursuing an advanced degree in accounting is an excellent way of setting yourself apart from the herd. Consult with a professional to find out if the degree is worth your time. When it comes to pursuing an advanced degree, timing is key.
Consider working for one year before pursuing this degree. You need to gauge the job market and figure out how much more you expect to earn with an advanced degree. If you choose to move forward with the advanced degree, ensure you avoid the bottom tier colleges.
These accounting schools will have you waste valued time, and you?ll gain nothing in the end. The school you settle for should be worth the opportunity cost you?ll be incurring because you stopped working.
The advanced degrees you should consider, include :
Master’s in Accounting (MAcc)
This is a one year program that ensures you get that pay bump you?re looking forward to. Even though the degree does not widen your job field, it definitely earns you a competitive edge that comes in handy in the job market. With a Master?s in Accounting, you can secure jobs related to taxation and auditing.
Master’s Business Administration in Accounting (MBA)
This degree is much more intense and more expensive than a MAcc. It is ultimately more useful as it not only puts you at an advantage over individuals with MAcc but it also significantly increases your earning potential.
Doctor of Philosophy in Accounting (Ph.D.)
This is the ultimate upgrade, and it is more suitable for accountants who are research-oriented. With a Ph.D. in accounting, you can easily end up as a lecturer in the university. Ph.D. holders look at how to apply accounting principles in studying market behavior.
Top 11 Accounting Jobs
Accounting is one of the cutting-end professions in today’s modern world. These professionals can be found across all industries. With the successful inclusion of big data analytics, cloud computing, and many other innovations, you can be sure that accounting is making advances towards greatness. Here are the top 11 accounting jobs to look out for in 2019.
1. Finance Vice President
The finance vice president is the link between management and high execs. As a finance vice president, your responsibility is to ensure C-level decisions are communicated to the lower ranks within an organization.
The Finance VP is in charge of coordinating an organization?s budget management, debt financing, as well as overall financial planning. The VP is to report back to the high executives of the organization. To be an organization?s Financial VP, you have to work your way here from management levels.
This is one of the cr?me de la cr?me of all accounting jobs in the market. It is not an entry-level position because you need years of experience to handle the level of responsibility that comes with this job. With an MBA or a MAcc, you have a better chance of getting this position.
Since it?s a competitive position, employers look at more than experience and educational qualifications. You have to be in a position to work under pressure and make prompt financial decisions. Aside from being competent, you have to be ambitious enough to do what it takes to get this position.
2. Chief Financial Officer (CFO)
A CFO is a high-level authority in any organization. As an accountant, aspiring to be a CFO means being ready to take up serious responsibilities. Chief Financial Officers should have the highest levels of excellence, expertise, and experience.
You also need a long-standing track record of implacable results and leadership. The role of a CFO in any large organization is invaluable, and the larger the organization, the more valued to CFO is. In a complex organization, the Chief Financial Officer is a centralized source of authority.
To be a CFO, you need at least a master?s degree in accounting. You can also start your company and name yourself CFO. In such a scenario, you don?t need an educational background because you?re your own boss. Due to the stiff competition for this position, accountants are going as far as earning themselves a doctorate to secure this position.
Any decision that involves money has to be approved by the CFO. The primary responsibilities of a CFO include;
- Directing annual budgets and financial goals
- Develop and implement systems to maintain the organization?s financial stability
- Overseeing the management of all financial departments
- Report to senior executives on the financial status of the organization
3. International Tax Manager
Thanks to the internet, the business world has no borders anymore. The world today is a global village, and accountants can easily secure international jobs. An international tax manager needs to understand the international market and each country’s tax regulations.
In today?s era of the internet, companies based in the United States can easily manufacture their product in another country. Such a company requires an international tax manager to merge the partnerships they have with companies from other countries.
International business is a fast-growing specialization, and many corporations are catching one. Companies today can easily import raw materials and parts from different countries to make their products a reality.
To be an international tax manager, you need to have a graduate degree at the very least. The level of knowledge and expertise you need for this position makes it a high paying job. Some of your responsibilities will include analysis and determination of the fluctuations in exchange rates, reviewing tax laws across different countries, and recording the profit as well as the losses your company makes.
International tax managers have the obligation of helping companies come up with strategies that reconcile other countries? tax regulations.
4. Finance Director
The position of Financial Director is one of the positions you’re bound to step off at if your aim is to end up as a CFO. This position is just under that of the Finance VP. At this level, you’ll be working more directly with employees and managers.
For you to get to the level of Financial Director, you must have years of experience under your belt. This means that you?d have the capacity to develop and implement your own practices and procedures in the organization you?re working in.
A Financial Director works with managers to come up with financial plans that ensure the organization stays afloat. It is also the responsibility of the Financial Director to come up with the company?s financial policies. Some of the financial functions you?ll oversee include budget, credit, accounting, tax, treasury, and insurance.
To get to the level of a Financial Director, you need to have an MBA and a MAcc. You also require a solid decade of experience with a successful track record. To stay on top of the game, you need to keep up with the latest developments in accounting.
5. Corporate Controller
This position is one of the most critical ones because it?s equivalent to being a CFO in a smaller organization. In larger corporations, the position is held by an expert manager that oversees billing, tax preparation, budgeting, and so much more.
Corporate Controllers are like supervisors who oversee everything to ensure the company is running smoothly. They are like the glue that pieces a corporation together. Without an exceptional Corporate Controller, a large corporation can easily fall apart.
To secure this position in a small corporation, you need a bachelor?s degree in accounting, business, or finance. You need to be an individual with a level head because the job comes with a lot of pressure. To work in a large corporation, you need a master?s degree in accounting.
6. Cost Accountant Manager
As business becomes more complex, professionals get more job opportunities thanks to further specialization. Businesses need all these specialized professionals to keep the company running smoothly. Cost accounting is one such specialization that was breed from necessity.
As the name suggests, a cost account manager is responsible for cost production and profit margin analysis. Professionals in this position need to figure out how a production company can make a profit selling their products.
To hack this position, you need strong analytic skills because it takes a keen eye to save a company from making losses. You also need to fully understand the market and all the external forces that impact product value.
To be a Cost Account Manager, you need to pursue a bachelor?s degree in accounting. Since it?s quite a competitive position, adding a master?s degree would be a plus. You must also have years of experience in this field. After all, you cannot bring the right expertise with enough experience under your belt.
Some of the responsibilities you?ll have include interpreting cost audits for the manager, managing cost control systems, and keeping higher management in the loop when it comes to cost accounting.
7. Senior Financial Analyst
The position of Senior Financial Analyst cuts across all industries. The duties of an accountant in this position are to review the finances of the company. Your work will be to come up with ways the organization can lower costs without disrupting its normal operation.
Any organization that is big enough to require a financial team needs a Senior Financial Analyst to monitor its financial situation. The Senior Financial Analyst works at the leader of an organization?s financial team.
You have to be accurate, detail-oriented, and diligent to get this position. This is because your job description also includes preparing reports for the CFO, the VP for Finance and the Director of Finance.
To secure this position, you must have a master?s degree in accounting, management, or business administration. You?ll also require years of experience as a financial manager. This is because you?ll need to advise the company on future financial plans.
8. Compliance Officer
Every organization needs a compliance officer to ensure it?s not violating any government regulations. Going against federal finance laws can easily bring even the most established organization to its knees.
As a compliance officer, your job is to ensure the organization does not cross any lines. These include discrimination laws as well as environmental regulations. All companies are expected to be ethical in all its dealings.
The compliance officer should ensure company staff is aware of all relevant regulations that govern business operations. Communicating company standards to employees, managers, and executives ensure the company does not go down due to acts of ignorance.
As a compliance officer, you need to stay updated with all changes the government makes to federal regulations. This position requires you to have a master?s degree in accounting. You should specialize in areas like business law, government accounting, and ethics.
9. Assistant Controller
The assistant controller is the controller?s second-in-command. Small organizations do not need an assistant controller because all the responsibilities can be taken care of by the Corporate Controller.
A large organization, on the other hand definitely requires an Assistant Controller. As a professional in this position, you?ll find yourself working directly with the organization?s departments. For this reason, you need to familiarize yourself with the company?s practices and procedures.
To be an Assistant Controller, you need to have a Master?s degree in accounting. You can also specialize in business-related fields like management. You will be responsible for employees in the control department.
10. Accounting Software Developer
Technology has penetrated all sectors, and accounting has not been left behind. Organizations are drastically shifting from paper form to digital operation. Accounting Software Developers are creating tools to help organizations handle mundane tasks.
As an Accounting Software Developer, you need to have experience in programming and graphic design. This position also requires leadership skills because you?ll be managing a team of programmers.
To become an Accounting Software Developer, you should pursue a bachelor?s degree as well as a Master?s degree in accounting and computer science. Your work will be to analyze the technical needs of the accounting department and use your expertise to fill the void.
11. Accounting Manager
An Accounting Manager?s responsibilities are pretty straight forward. These professionals are heads of accounting departments in institutions, government offices as well as organizations. You need to have years of experience working as an accountant, so you know the best way to manage the department. You should have leadership skills and know-how to encourage teamwork among employees.
To be an account manager, you need a Master?s degree in accounting. You?ll need to prepare financial information for executives weekly, quarterly, and annually.
As you can see, accounting is quite a lucrative career. Now you can pursue your degree knowing what career path to venture into once you?re done. Ensure you find opportunities to get experience, so you have a better chance of securing a job. Each time you?re applying for a job, be sure to consult with experts who?ve been in the field for years.
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