Working in accounting was once regarded as something for math whizzes only. However, this is no longer the case, as much of it now involves specialist software and offering personalised guidance. There are many other reasons why it is an attractive career choice.
Competitive salary
Accountancy remains a well-paid profession in the UK. Entry-level positions attract an average salary of around £25-30K, mid-level positions between £35k and £50k, and senior or specialised positions often offering £60k and above. It is not unheard of for specialist accountants to earn in excess of £100k a year.
Good career progression prospects
Formal education and qualifications combined with experience open up many opportunities for progression. There are senior roles available in both financial and management accounts, as well as opportunities to go into practice or commercial finance. There is also the opportunity to forge a ‘niche’ in terms of sectors or particular services.
High demand even in recessions
Almost all businesses and organisations need finance professionals – often to fulfil regulatory or statutory obligations. This is unlikely to change despite increased automation.
During lean times such as recessions, accountants become more, rather than less, necessary as there is more focus on cost-cutting and keeping spending down.
Stroud accountants
If you are looking for professional help with your accounts, there are a number of specialists such as randall-payne.co.uk/services/accountancy/stroud-accountants/ in and around Stroud who can offer a range of services.
Wide choice of sectors and locations
Almost all industries need accountants, so you can choose to work in any sector you want. Additionally, accountancy is something of a “universal language” so you can work in the country of your choice.
You can help people
Whilst not really known as a particularly philanthropic career, there is a surprising amount of good that you can do as a finance professional. If you work for an accountancy practice, you will spend much of your day ‘helping’ clients to make their businesses a success.
Alternatively, you could work or volunteer for an NGO or charity – they all need finance professionals!