The Bureau of Labor Statistics estimates that by 2028, there will be more than 1.5 million people in accounting jobs in the United States. This means that there will be quite a few people entering into accounting degree programs across the country leading up to that time. While it is obvious that many people see that there is a benefit to becoming an accountant, here are a few reasons why you might want to consider this career path and go to accounting school.
1. Job Security
People are always chasing money, which means you’ll always have a job. With options to work either in the personal or business sectors, you have the ability to make money as long as everyone else keeps making it. With accounting, there is a very low risk of unemployment. The low risk of unemployment is partly due to the diversity of skills and job options available for those with an accounting degree.
2. Good Salary
In 2018, the median salary for accountants was $70,500 a year, or $33.89 per hour. Entry-level salaries are also on the rise. Entry salaries start around $52,000 and can be up as high as $60,000. Forbes even lists accounting as one of the top 10 highest-paying careers.
3. Career Growth
The skills that accountants use are very valuable. For this reason, growth opportunities are unlimited. Accountants who are ambitious are likely to climb high up the corporate ladder or land themselves a Partner position. Some people also decide to branch off and become their own boss by starting their own companies.
With many different types of accounting jobs to choose from, you know that you will have options. If you decide that you don’t like auditing, maybe you go into financial accounting instead. With tax, auditing, financial, and management disciplines, there is no shortage of fields from which you can choose. Additionally, any given day, you might be working on completely different things. Once tax time comes, you will likely be busy with a lot of repetitive work, but the rest of the year is going to be a lot more relaxed and varied.
5. Career Path Options
Not everyone wants to take the same job path. There are accounting jobs within companies and accounting firms; both will need employees to help with their different accounting needs. Plus, if you don’t feel like working under someone else, you can also start your own practice, which will give you all of the freedoms you want (until tax season, that is!).
6. Manageable Workload
Aside from the craziness that is tax season, most of the time, the workload for accountants is very manageable. If you want a job that has a mild, steady workflow most of the time, then accounting might be right for you.
7. Professional Connections
Accountants rarely work alone. Often, accountants are part of a team where people need to work together. Additionally, accountants are often connected to many people from different companies or firms or clients in their areas. If you are the type of person who wants to mingle with CEOs and CFOs as well as those in lower-level business positions, accounting will be the perfect industry to get started in.
8. Diverse Skills
Accounting skills are transferrable to many different fields. Things like taxes and conflict resolution are skills that are valuable in many other business careers. The knowledge that you gain as an accountant can be beneficial in marketing, finance, and other business-related fields.
Public accountants that are interested in travel are likely to get many opportunities over the course of their career. Checking in with clients might require a lot of traveling around the country and maybe even abroad. As an accountant, you could end up meeting with a lot of companies and clients in the course of a single year.
Ohio Business College offers an accounting program that will not only help students earn their degrees, but also find jobs after graduation.
At Ohio Business College, our accounting program offers classes that will enable you to get an Associate’s degree in as little as 24 months. Students can take accounting classes at both our Lorain County and Sandusky campuses. If you want to learn how to become an accountant, contact us today at 888-514-3126.