Tips for Pursuing an Accounting Career
A career in accounting has many benefits. Every business and virtually every individual will need to consult an accountant at some point. It’s a field with great job security, high earning potential, and ample opportunity for growth. There are also several different accounting career pathways, so you’re likely to find one that suits your personal interests and professional strengths. If you’re wondering how to pursue an accounting career, The Boston Young Professionals Association shares the following guide to get started.
Chart your course
Because there are many different types of accountants, start by taking a look at what you think will be the best fit for you. Are you interested in industry accounting (working for a big company with an accounting team), or are you more drawn to client services (such as auditing, taxation, and consulting)? Each field has its pros and cons, so the right path will depend on your circumstances, preferences, and areas of expertise. If you’re still unsure about how to choose an area of accounting, reach out to a professional mentor or a guidance counselor to ask questions.
Find the right degree
Once you know what type of accounting you’d like to pursue, the next step is to find the right degree. There are accounting degrees at all academic levels, from a certificate to a Ph.D. Although you can find work in the field of accounting with a certificate or associate’s degree, a bachelor’s degree is usually one of the criteria for becoming a certified public accountant (CPA). CPAs are upper-level accountants responsible for a company’s accounting records, taxes, and finances. Their role extends beyond dealing with taxes, as they also have an important advisory role.
If you’re interested in becoming a CPA, earning a Bachelor of Science in Accounting is a great first step in your career journey. Graduates at this level can prepare financial reports, audit a company’s financial records, and prepare tax returns. A bachelor’s degree is also a great foundation for several different accounting specializations – such as taxation, real estate, forensic accounting, and international finance.
Make sure you meet the requirements
Different fields of accounting have different qualifying criteria. In addition to earning a degree, you’ll also need to research the state and federal licenses or certifications that you’ll need. Each license has specific criteria (such as education, experience, or testing). Keep in mind that some accounting career paths require completing an internship with an accounting firm. Although these are sometimes unpaid roles, you’ll gain valuable practical experience and have great networking opportunities. Internships often lead to employment, so they’re not wasted time.
Start networking early
Most people get jobs through networking and referrals rather than through job advertisements. Don’t wait until after you’ve earned a degree to start networking. By connecting with peers, mentors, teachers, and other staff, you’ll be taking steps forward in your career. Your network will grow organically if you join local communities (such as your state’s CPA society) and contribute to discussions. The important thing is to be active in the industry and build authentic connections. The relationship-building aspect of your career is just as important as the type of degree that you decide to pursue.
If you’re good with numbers, have strong organizational skills, and a knack for managing money, accounting is a great career choice for you. Each area of accounting has its own academic pathway, but all of them require some amount of higher education. By charting your path, choosing the right degree, researching qualifications, and building your professional network, you’re on your way to joining the world of accounting.
