As an accountant, it is not just counting the figures and dealing with the accounting data, but the career offers a certain level of respect and admiration. Accounting is one of the key aspects of every business and the ability of the accountant to deal with money allows a business to succeed. However, if you are thinking of pursuing your career as an accountant, starting with the spreadsheets every morning may not be an easy task. While some people think of accounting service as a safe career, others rate it as a performance-based option. Are you confused whether you want to begin working in an accounting firm in this country? Here are the things you must know before starting with this career option.
Stability of income
Not every candidate is well-versed with budgeting skills and computation. You can decide to start your own accounting firm or work in the renowned accounting services in India. Accountants get the benefit of working in multiple industries as every business has a well-defined accounting department. When it comes to the availability of jobs, the stability in this profession is at the highest level when compared with the other career options.
Plenty of options
Almost every business or organization needs an accountant. Their role is vital as they handle all the calculations to allow the business to stay within the budget that is planned at the start of the year. The projected job growth for the accountants is extremely high.
Vivid career path
If you are studying accounting, you will learn a lot of things about analysis of cost and the crunching numbers that the employers need. As far as defining the outcome of this career is concerned, it is clearer than the rest of the options in which the potential outcome may be difficult to define. When you pursue a career in the field of accounting, you are pretty much sure where you want to go. Although there are different kinds of accounting services, the responsibilities and roles are similar.
If you get an opportunity to work in the top accounting firms in India, the chances are you will have the potential to earn a good salary as you progress ahead in this field. Even in the beginning of the career, you will be able to pull in a good salary which is enough to support yourself.
When you pursue a job in the field of accounting, you may have to travel to different locations. From businesses operating at the rural or urban level, the need for an accountant stays constant. So, as an accountant, you will get the freedom to live where you want to, and plan the daily duties on your own whether you start your business or prefer to work with an employer. Accounting is a universal field and job opportunities exist at every level. If you prefer a career that takes you to different places, you can choose to work in different locations based on your qualifications and the responsibilities you need to handle.
Potential for growth
The potential for growth in this field is extremely high especially for the entry-level graduates when compared to the other fields. You can start working as junior auditors in the public accounting services, staff accountants, or work as assistants in the office of the controller. Once you initiate the career as an accountant, you can also enhance your career with additional education such as CPA or MBA.
Demanding job option
The level of progression in this field is very high. Within a couple of years, you may move ahead rapidly to make a comfortable living. While you need to know the positive aspects in the career of an accountant, you must also track the hurdles you may have to face. The following points highlight the cons of being an accountant.
Certification is necessary
Your income potential will grow only if you are a certified accountant. When it comes to the advancement opportunities and pulling in more clients, only the certified accountants have better chances to succeed. Quite naturally, the certified accountants earn more than the rest. While working with the crunching numbers seems to be a steady job option, it can be monotonous for several candidates who love to go for more interesting career options. You must have a passion for dealing with numbers all the time to pursue a successful career in this field.
Get more qualifications
Surprisingly, accounting is a competitive career option. Several accountants seek higher level of education and advanced certification to earn more. If you are not exploring these options, you may not get the opportunity to work in the top accounting companies in India. Apart from that, you will have heavy work in certain seasons. Even though, work life balance can be easily achieved in the field of accounting, you may have to be away from home during the end of the financial year.
Stay in the office
Although accounting is a flexible task, there are functions that require certain level of security and privacy for which you may be stuck with the daily grind of office work.
It is quite clear that the job of an accountant is not suitable for everyone. However, you may be the right fit for this job if you possess the qualities the accountants require. If you have not worked as an accountant before and planning to start your career with this option, you must explore all the aspects carefully to choose the right course of action.