A generation ago, an aptitude test for future accountants looked a lot simpler than it does today. Back then, such a test might have offered three or four questions like these, and if you answered yes to all of them, your choice was clear: Do you like numbers? Do you like stability and job security? Do you prefer to work indoors? If so, then welcome aboard, Future Accountant!
Today’s test is a little more complex. Modern accountants face a wide range of challenges and rely on more diverse skill sets than ever before. And you’re ready for these challenges and you like what you see in the career profile below, this might be the perfect fit for you. Here are few career details that can help shape your decision:
The Jobs Outlook
Between 2010 and 2020, the Bureau of Labor Statistics predicts 16 percent growth in available accounting positions. Just last year, about 313,000 new positions became available. In response to the financial crisis and the corrupt behavior resulting from weak regulations in the finance industry, new laws and new regulations have been placed into effect, and companies are looking for accounting pros who can help them stay compliant.
Education Requirements
Most accounting positions require a bachelor’s degree in accounting, financial management, or economics, plus CPA certification. To rise up the ladder, many accountants also pursue advanced credentials like CIA, CFE, and CISA certification.
The Skill Sets Accountants Need for Success
You may have a head for numbers, but how adept are you at account reconciliation, financial reporting, managing accounts payable and receivable, and mastering the GAAP, or Generally Accepted Accounting Principles? In addition to these qualifications, accounting also requires strong communication abilities, analytical and logical thinking, and a powerful sense of organization.
Salary Rates
The average salary for a full time position with “accountant” in the title starts at about $46,000 per year, plus standard benefits. Different types of accounting roles, like staff accountants, bookkeepers, accounting clerks, auditors, tax accountants and budget managers all fall between $35,000 and $60,000 for starting positions.
If the statistics above seem like a good fit for your needs, and you’d like to learn more about what it takes to enter this field, contact the NH financial staffing experts at Techneeds.