Exploring Accounting and Finance as a Career Path

 Exploring Accounting and Finance as a Career Path

Accounting and finance provide many career prospects. This is due to the fact that substantial firms with offices both domestically and internationally are always looking for qualified candidates with CA or CPA licenses. You won't have a hard time finding work as every organization requires one.

Careers in actuarial science, auditing, banking, chartered accounting, corporate recovery, stockbroking, corporate finance, and taxation management are just a few examples.

Employment prospects for these specialists have been relatively excellent over the past 5 years, according to one survey. This trend is projected to persist beyond 2010. Although you will be well compensated monetarily, you should be prepared to put in long hours, particularly when the end of the fiscal year rolls around and people and businesses are required to submit their income taxes.

To give you an idea, the salary range for recently graduated bank employees is $35,000 to $50,000 per year, whereas the salary range for financial managers is about twice that. Earnings of over $100,000 are common for professionals who quickly rise through the ranks to partner at larger businesses.

However, returning to school is also necessary if you wish to advance in your current position. After workin the corporate world for a while, the majority of financial specialists go for an MBA. Some people apply elsewhere, while others go back to their previous jobs.

You have to start at the bottom and work your way up before you can see yourself at the top. You can be successful no matter where you put your efforts, even though some people choose to become wealthy on Wall Street.

Doing research should be your first order of business. This will teach you the ins and outs of the system and the ripple effects that corporate news can have on a local, national, and global scale.

In addition to having the necessary expertise for the job, having existing connections can greatly increase your chances of being selected above other candidates. What this means is that you should start establishing and leveraging your network while you are still in school.

Being around successful people might provide you with advice on how to achieve your goals.

The accounting and financial industries offer a wide variety of job options, so you shouldn't put it off till graduation. Applying for a summer job or internship is a great method to get your foot in the door because most organizations hire people who have worked for them for a short length of time rather than those who just put in applications. If you know how the company is structured from the inside out, you have a leg up right there.

In the event that the organization you interned with does not currently have any openings, it is a good idea to get yourself and your resume ready to interview with other firms that engage in comparable work.

Accounting and financial professionals typically quit their jobs after two years. Perhaps they can seek a transfer to a different division or look for work in a different field. Both recent college grads and those with more experience in the field will find plenty of job possibilities when this occurs.

Accounting and finance do offer job options. Acquiring it is as simple as establishing your network. 

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