The general opinion is that new generations value stress-free work environments where they can enjoy a high level of independence and get a motivating salary. When it comes to financial careers, high salaries are the norm, but they come with long hours and overwork.
Accountancy does not have the allure of investment banking or business management, but it has always been a promising choice for finance graduates who aspire to work-life balance and still want a competitive salary. Is accounting still a good path to take if you want a satisfying and well-compensated career?
Here are the reasons why we are inclined to say yes.
A Versatile Career
An accountant can choose whether to work in general practice or specialize in a specific area like corporate finance, auditing or tax, among others. The options range thus from working independently in your private office to being an employee for a large multinational company. Depending on where you see yourself, the best course of action is to analyze possible career tracks and see whether you need additional specialization, then pick the right program that can take you there.
Considering how the modern world works, accountants are indispensable, which guarantees high career stability. Regardless of your branch, there are vast growth opportunities so you have the freedom to choose for who and what to work. If you want to be in a challenging and intense environment, you can work for a large company. If you prefer to have a bigger local impact, you can provide expertise to small businesses. The high demand for accountants will give you the freedom to choose a job where you can put to use all your skills and qualities and get compensated as expected.
The high demand for good accountants gives them an edge in negotiating salaries and benefits. But many students and young graduates worry that this is a saturated field. The reality in the job market is that a career in accounting can lead to good financial compensation depending on your level of education and experience. The potential for high earnings is significant, but other benefits like great pension, healthcare, and bigger holiday time are not to be neglected. Possibilities to advance up the career ladder and multiply your earnings abound.
Although salaries are heavily linked with job satisfaction, there are other things that make accountants happy with their career choice. While graduates with more general degrees like business management or business administration must define their own career path, accountants have a clear and straightforward track to follow. After getting their degrees and certification, things consolidate fast. In addition, an accountant has great growth potential, so motivation remains stable as he advances in his career.
Considering all the above, it seems that for financial professionals, accountancy provides the right combination of qualities for high work-life balance and career growth. Things are more or less pre-defined, but things won’t get dull as the potential for earning more and getting a better position is always there.