What Are The Career Opportunities Available In Accounting?

Accounting profession is quite a regulated one, this means before you could think of pursuing a career in this field, there are some certain requirements you need to meet when it comes to qualifications and training. 

Having the required skills can guarantee you a good chance of securing a successful career in the field. Career opportunities in accounting are one of the few things that makes it a competitive career choice. There are several different career opportunities in accounting, and very lucrative at that.

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Below are the four most lucrative careers people sought in accounting.

4 Most Lucrative Careers In Accounting

Financial Accountant

Whether public or private firms, even an organization, a financial accountant can work in any of these sectors.

Financial Accountants are the ones that perform any related accounting work in the firms, they are also  In charge of preparing the accounting statement for an organization or individual.

Financial Accountants are employed as In House Accountant because of the variety of work they offer, their presence is always needed on a daily basis, whether he or she is working for a small business owner, an organization, or an individual.

Financial Analyst

Financial analysts are the backbone of business when it comes to financial advice. They make recommendations, interpret financial data for accounting firms, organizations, and Individuals.

A financial analyst can work in a bank, security company, investment company, or public firm. A financial analyst can seek a job at both junior and senior levels. 

Before you could apply to work as a junior financial analyst, the minimum qualification is having a bachelor’s degree in economics, finance, or any other qualifications that are similar. 

For the senior level, the minimum requirement is to have a Master’s Degree, but you can still dive further to obtain more professional certifications.

Management Accountant

In an organization, a management accountant provides advice to his or her client when it comes to financial information. They help business owners to make decisions and assist them by writing out plans that can contribute to the growth of their organization. Their activities include Risk Management, financial analysis, and budgeting.

Tax Accountant

A tax accountant offers a variety of services, from providing different strategies to lessen your tax liabilities, to giving advice when it comes to any of the tax legislation, they are also in charge of preparing Tax returns. 

A Tax accountant can work for an organization, individual, or firm. They can be used as an outsourcing Accountant, but most of the time many firms or organizations prefer to recruit them as an in-house accountant instead, mostly as a consultant.

Before you could apply, the minimum qualifications are having a bachelor’s degree in economics, finance, or any qualifications that are similar. For the senior positions, tIe minimum requirement is to have a Master’s Degree, but you can still dive further to obtain more professional certifications.