Accounting is a trendy choice for students who want to pursue a professional career in finance and business administration. It is a very demanding field, which requires students to have good communication skills and analytical thinking. Despite being demanding, there are many reasons why students should consider studying accounting.
5 Reasons You Should Study Accounting
According to the Bureau of Labor Statistics, employment opportunities for accountants are expected to grow by 7% between 2020 and 2030. The BLS also predicts that demand for accountants will increase faster than in other professions. This means that there’s a growing need to take an accountancy course as more people will be looking for an accountant’s services. So if you are considering pursuing this profession, it would be wise to start preparing now. Here are five reasons why you should choose accounting:
1. It’s a lucrative career path
According to the Global Accountancy Review, the average salary for accountants is $80,000 per year. However, this figure varies depending on where you work and your experience level. For example, if you are a newly qualified accountant, you could expect to earn around $60,000 per year. On the other hand, if you are an experienced accountant, you could make up to $120,000 per year.
2. It has a wide range of job options
There are different types of jobs available for accountants. For example, they can work as auditors or controllers. They can also provide financial advice to clients. There are also positions where they can help companies manage their finances. With so many options, if you take an accountancy course, you get the opportunity to gain exposure to various fields. This shows that even though the job market may seem saturated, plenty of jobs are still available for new graduates.
3. It provides excellent job security
Accounting is one of the few careers that offer excellent job security. According to the Bureau of Labor Statistics, the unemployment rate for accountants is expected to drop from 5.7% in 2018 to 4.3% in 2028. This means that the job market for accountants is expected to remain stable throughout the next decade compared to other professionals.
4. It offers more flexibility
As long as you know how to use Excel or QuickBooks, you can easily find yourself working from home; accountants do not need to adhere to strict office hours. Many employers offer flexible hours and telecommuting options, making it easy for you to balance your personal life with your professional responsibilities. As long as you meet deadlines, you can take as many breaks as you want during the day. This allows you to spend time with your family without feeling guilty about missing out on important events.
5. You get to learn a lot
Because accountants deal with numbers, they often have to analyze data. This helps them make sense of information and come up with solutions. If you are someone who enjoys solving problems, then this could prove to be very useful. In addition, because accountants must keep track of all transactions, they often learn about business management. This teaches them about things like budgeting and planning. Therefore, if you are looking for a career that will teach you a lot, choosing accountancy could be your right decision.
Studying accounting is a good way to prepare for a successful future. The job prospects are great, and the salary is high. So, if you are interested in studying accountancy, then why wait? Start today!
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