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Why pursue a course in Accounting?

In contrast to the popular perception where accountant are ridiculed as socially averse and eccentric individuals, it is a challenging profession with plenty of rewards and offer its proponents a wide range of career paths. Here is why you should be pursuing a career in accounting.

Accounting is a very old profession, dating back to the days since humans have involved in transactions and exchange of currency. However the profession has evolved beyond recognition in all these years as it has turned much more advanced and technical. Their work more or less remains the same, ensuring that businesses run smoothly and all finances are in complete order. An accountant has the option to work for a private accounting firm, be a part of a multinational organization or work for the government.

Here are some of the reasons why pursuing a career in accounting can be a very good choice to make.

Wide range of possibilities

The degree in accounting opens up 360 degree of possibilities for its students. Even if you do not have the surety about which industry you want to take up for establishing your career, there are less reasons to worry as a degree in accounting provides you ample education to succeed in any business. The horizon of an accounting graduate is as wide as it can get. Either you can become a partner in an accounting firm, or pursue a career in finance and corporate management. You will have the choice to either work for the government or become your own boss by following the path of entrepreneurship.

Career advancement

The main advantage of an accounting career lies in the opportunities it offers for professional growth and career advancement. Once you become a part of the accounting firm, promotions are a routine affair, provided you are able to deliver good work consistently.  There is nothing to stop you from making it the top of the ladder, an entry level accountant in a firm can go on to become a top level management director or its CFO. Besides, if the candidate is able to earn an additional post-graduate degree like MBA than his prospects and hopes of climbing to the top positions of the company are even higher.

Good salary

An accountant earns a handsome median salary of $ 62,850 annually as revealed by the figures of the Bureau of Labor Statistics, United States in its May 2011 occupational handbook. While this figure applies majorly to the accountant jobs in America, the entire global accountant fraternity enjoys similar well-paid jobs throughout the world. In another survey by the same organization it was revealed that the top 25 percent of the respondents has an annual income in excess of $83,210.

How to become an accountant?

Jobs as accountant require the candidate to have degree in accounting or related field. The knowledge of accounting software like Tally is a big advantage. However for many companies nothing less than a postgraduate degree in accounting or in business administration would do.  In order to take admission in a good college one needs to obtain good marks in qualifying exams. There are many junior positions which can be filled without having to complete graduation. These positions demand knowledge of accounting software and good mathematical skills. One can pursue tally courses to gain this know how.

Different career opportunities in Accounting

Once you are under the process of studying accounting as a part of your higher education, the next step involves choosing the best possible career path that suits your aptitude and skills. To sum it all, there are mainly three major area of accounting: public accounting, private accounting and government or not-for profit accounting.

Public Accounting: Providing auditing, accounting, tax and consulting services is the responsibility of a public accounting firm. Such firms provide the employees with plenty of exposure and good work benefits. However, it is pressure cooker situation most of the time where the accountant has to live life out of the suitcase owing to constant travelling and seven day work in a week.

Private Accounting: Those who do not want to tread the path of public accounting can pursue private accounting. In private industry accounting, you will work for one company and gain in-depth knowledge as well as experience doing the accounts for that organization.

Author Bio:   

 An avid reader and gadget-freak, Saurabh Tyagi began his career as a blogger back in 2009, when blogging was just in its initial stages of development. Since then, he has wrote on diverse topics such as career, education, about SAP Courses, automobiles and his favorite, technology, An engineer by qualification, he wants to dominate the world of the internet through his writings. 

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