An accounting degree can open numerous career opportunities as well as enhance your earning potential. Accounting is a vast field in business, and it is very important in the commercial world. Most businesses and companies need people who can interpret figures and make sense of the company’s bottom line.
Different organizations are interested in knowing the state of their finances, making the accounting sector among the fast-growing industries than in other sectors. Considering the numerous career opportunities in accounting, it is therefore important to consider having a degree in accounting to start with.
Why acquire a degree in accounting?
There is a lot of flexibility in accounting, with several options on the career path one can take. One can work for a local firm, become a private consultant, and even launch a corporate career. Most importantly, the ski8lls one acquires in accounting studies can qualify them for prestigious positions in the business world. There are numerous benefits tied to earning a degree in accounting.
Growing demand for auditors and accountants: The accounting field is one of the fast-growing sectors, and according to the Bureau of Labour Statistics, it is expected to grow by 10% in the next ten years. There are more than 1.3 million auditor jobs and accountants in the US currently, with an average of 125,085 jobs posted every month.
Accounting degree offers flexibility: For individuals who are already employed seeking to enhance their CVs or career change, it will be fulfilling to pursue an accounting degree online. This offers students the flexibility to learn as per their schedules. A degree in accounting is the foundation for a career in business whether one is seeking to start their business or work in a big corporation a degree in accounting will offer the expertise necessary in financial reporting and regulations.
Job security: There is a growing demand for accountants, and this is a field that expected to offer consistent employment. Accounting is important in most fields, so plenty of opportunities, and financial analysts are vital in helping businesses make important investment decisions.
It is a career for everyone: Even introverts can lead a successful career as accountants. For starters, they can earn the degree online from the comfort of their home. When it comes to work, they only have to deal with data and numbers with less interaction with other employees, although sometimes they can work in groups.
Selecting the ideal accounting degree level for your needs
When considering an accounting degree, you should look at your personal and professional ambitions. To be an accountant, you have to be certified before starting to practice, and there are different degree levels to consider.
Associate’s Degree: this is the first option and the easiest way of becoming an accountant. It is a two-year degree from a community college. With this Degree, you earn basic accounting skills that qualify you for entry-level jobs.
Bachelor’s Degree in Accounting: This is a four-year program in accounting where one acquires accounting basics and vital business finance and management skills. You are prepared for different accounting types, and you qualify for both entry and mid-level jobs in corporations or accounting firms.
Master’s Degree in Accounting: For those with a bachelor’s, they can pursue a master’s degree. Most accountants seeking to be CPA certified will advance their careers by earning a master’s in Accounting. The two-year program will prepare one for the CPA exam and offer in-depth insight into other accounting areas.