Looking for a career in Accounting and Finance?
You should read on to understand. Accounting is for those with analytical thinking and good teamwork skills. Also, There are some really good jobs in this industry. People with aptitude can do well here. Here we will see how we can get good career options.
We will discuss about career in accounting and finance.
There are so many different options you can find. This field offers great options. Hence, Careers depends on your knowledge and expertise. You first need to have right qualifications. Then you can earn the salary you desire.
It is a two-year degree that can help students start their careers. It provides basic knowledge to students. This can be a step towards bachelors or masters. Graduates may find jobs such as payroll clerks, etc. This is the first step towards building a career in this field.
This is an undergraduate degree offered by colleges and universities. Hence, It typically takes three years to complete. Students with an associate’s degree may finish their programs in less time. Also, A bachelor’s degree in accounting is a good starting point. It allows you to learn all the basics in just 3 years. Thus, Individuals can get jobs of an auditor, forensic accountant, etc.
Another option is Masters Programme in accounting. These programmes offer specializations in financial analysis, compliance, taxation, etc. Also, Students can choose from several types of accounting master’s programs: an MS in accounting, a master of accountancy, etc. Demand is high in the job market. And, This sets them apart from the competition. Thus, These individuals attract jobs with higher pay.
This is the highest degree in this field. Students contribute to the growth of the overall industry. Hence, This degree usually takes four to seven years to complete. A PhD degree also give career benefits and opens doors to many career growth options.
This is the first job that students go for. The basic job is to analyse the financial data of the clients. An accountant maintains the books. For eg, financial cost accountants, etc.
They maintain a company’s data by maintaining books. Also, They perform daily accounting tasks such as monthly financial reporting, etc. They balance all ledger accounts so as to avoid errors.
The demand is increasing with the rise in competition. Thus, Firm needs them to meet its growth and survival needs. They work to develop the budget by estimating the needs of funds.
He helps its clients and companies to file tax returns. Also, They help to interpret tax laws and analyse tax returns and refunds. Thus, They also complete all files within the required deadline.
There are a lot of differences in the two. The jobs are so different than each other. Let’s look at the difference between the two –
Finance is the management of money and investments. Thus, They work in careers like investment banking, wealth management, etc.
Also, They ensure that there is adequate funding for the needs of the situation. Hence, Their job is to create value by managing capital.
It is the recording of a company’s financial records. Also, accounting professionals work for other businesses at a public firm. They are responsible for ensuring that all the financial statements are accurate.
Before looking for jobs, it’s important for you to know the employers in these fields. Yes, both have same set of clients. But the employers providing finance jobs are – Banks (Commercial, Retail as well as Investment), Insurance Companies, etc. Accountancy job providers consist – Public Accounting Firms, Personal Tax filing Firms etc.
Finance industry has many branches. Some options are as follows-
This is one of the most desirable jobs. The role is to advise their clients on investments. They assess the needs of their clients and then find the solutions.
This is also a very good field. A few jobs have high demand in the industry. These jobs include that of being a Financial Analyst. All you need is a problem-solving attitude, research capabilities, etc.
Does the stock market intrigue you? Are you good at managing stocks? Then becoming a stockbroker. You need a graduate degree with at least two-year experience. You must have registered with SEBI. Then you are all set to become a broker. He needs logical thinking, good communication skills, risk-taking qualities, etc.
Pursuing the Certified Public Accountant (CPA) credential is highly recommended for anyone entering the public accounting field, as it is a minimum requirement for nearly all employment opportunities and also confirms an applicant’s grip on the essential knowledge and skills of accounting. Almost similar in accounting and finance.
Chegg India hires Freelancers for both Accounting and Finance, where you can earn and learn at the same time.
So, there are a lot of options available to you if you are either an accountancy or finance enthusiast. The market welcomes both the professional with open arms with an immense amount of opportunities. Hence, All you need to figure out is to understand your field of interest and competency and then pursue further with it. Recent times have seen growth in a new field, Fintech i.e., Financial Technology. Wherein technology is used in the most dynamic format to solve real-life problems of businesses. Also, These are relating to finance and make clients better off with the new solutions. The industry will always come up with new and better options. Thus, evolving itself to the best possible version of itself. You as an individual have to understand your needs and match them with the opportunities available as your career in accounting and finance.