People who enjoy mathematics are often drawn to the accounting field. But, proficiency in math is not the only skill you will need to succeed as an accountant. Effective accounting professionals are excellent communicators, critical thinkers and problem solvers who are well-versed in many aspects of business strategies. Although the field can be demanding, you may find a career in accounting rewarding if you possess the following traits and goals:
You are Interested in a Lucrative Career Field
Financial stability is an attractive prospect for people thinking of entering the accounting field. According to the U.S. Bureau of Labor Statistics, the median pay for accountants in 2016 was $68,150 per year. If you choose to pursue a master’s degree in accounting, you have the potential to earn an even higher salary. A financially rewarding career gives you the opportunity to give back to your community through charitable endeavors.
You Like the Idea of Job Security and Advancement Opportunities
Accounting is widely recognized as a recession-proof career. In fact, it is anticipated that accounting will experience faster than average growth through 2026. And since accountants are needed all over the country, you might be able to live and work wherever you please. If the idea of professional advancement opportunities appeals to you, then you will likely enjoy your chosen career. Some accountants decide to specialize in managerial accounting, financial accounting, forensic accounting or auditing. And of course, there will likely continue to be a high demand for tax accountants.
You Think You Might Like to be an Entrepreneur
Accounting is not often seen as a flexible major because many people who graduate with accounting degrees do indeed become accountants. However, this degree is far more versatile than you might think. When you graduate, you might find entry level work in the office of a CPA. Or, you might work for a major corporation, charitable organization or municipal government. You could also decide to start your own firm. If the idea of being your own boss and running your own office appeals to you, then you will appreciate the flexibility of an accounting degree. Your business might work directly with individual clients, or you might decide to start a consulting firm to provide services to corporations, such as external auditing.
You Have a Great Eye for Details
Do you tend to notice little details that other people do not? Are you adept at sifting through piles of paperwork? A career in accounting is an excellent choice for people who enjoy diving into detailed financial statements and spreadsheets.
Continuing Education Appeals to You
Accountants tend to be highly devoted to continuing education opportunities, especially tax accountants. The tax code and other financial regulations are subject to change over time, and you will need to stay on top of those changes. If you enjoy learning new things, it might be time to consider an accounting degree.
The Colangelo College of Business at Grand Canyon University welcomes students who are interested in applying for our Bachelor of Science in Accounting and Master of Science in Accounting degree programs. Click on the Request More Information button, and take the first step toward your career in accounting.
- “Accountants and Auditors.” U.S. Bureau of Labor Statistics. Retrieved from: bls.gov/ooh/business-and-financial/accountants-and-auditors.htm
About Colangelo College of Business
Business Buzz is a blog that features content written by faculty, staff and students from Grand Canyon University’s Colangelo College of Business. In addition to profiles about events, students and faculty on campus, you’ll also find insight and perspective on the ever-changing business discipline and current global business topics. Learn about the modern business landscape, and how business today continues to grow and evolve to meet the needs of organizations and consumers in the 21st century. Check in every week for the latest news from the business community and around GCU.