Earning an Accounting Degree Opens the Door to Many Career Opportunities
Becoming an accountant can open doors to a diverse range of career choices – and it can enhance your earning potential. Working as an accountant is a rewarding career filled with opportunities, and all you need to get started is the right education.
If you’re interested in launching a career as an accountant, here’s how earning your degree will help.
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The Benefits of an Accounting Degree
Accounting degrees provide broad flexibility when choosing your specific career path. You can become a self-employed consultant, work for a local firm, or launch your career in the corporate world. With an accounting degree, your choices are endless.
The skills learned while earning your accounting degree can qualify you for high-level positions in businesses in almost any industry. Some of the main benefits of earning a BA in accounting include:
- High compensation: Certified public accountants make over $80,000 per year, Indeed¹ reports, while many specialties within accounting command six-figure salaries.
- Growing demand: The field of accounting is expected to grow by 10 percent over the next decade, according to the Bureau of Labor Statistics².
- Job security: Accountants are necessary for managing any business’s profits. With demand for accountants growing, accounting remains a field that provides consistent employment.
Possible Accounting Careers
Although many accountants develop long-term plans to take their careers to a level beyond basic accounting, you should start out by choosing a path within the field of accounting. Most universities allow accounting students to choose a specialty. You can also work toward a specialty after graduation by finding an employer who encourages you to learn while on the job. Additionally, you may need to earn certifications or take additional classes after graduation to acquire the specialty of your choice.
Some of the main specialties of accounting include:
Public accountants: If you enjoy developing financial statements or filing tax documents, you may want to consider becoming a public accountant. To become a public accountant, you’ll have to pass the CPA exam.
Forensic accountants: Illegal activities often leave a paper trail skilled forensic accountants can follow. The most successful forensic accountants develop their own unique methodologies, but passing the Chartered Certified Forensic Accountant exam is the minimum prerequisite for practitioners.
Auditors: Confirming the veracity of every number reported to management is impractical, so businesses rely on auditors to periodically confirm that reported information is accurate. The minimum requirement for becoming an auditor is to earn your CPA or CMA certification.
Government accountants: In most fields, working for the government can provide you with a higher salary and more benefits. The extra compensation you can earn by working for the government can enable you to afford higher education while providing you with a stable career that can last a lifetime.
Education Requirements for Accountants
To become an accountant, you’ll first need to earn a bachelor’s degree in accounting before you’re able to legally practice.
Employers may be willing to pay you more right out of college if you can get accepted into a prestigious university, but you shouldn’t let your college choice hold you back from pursuing an accounting degree. Many successful accountants started out by studying at community colleges or online universities.
An online college is one of the most flexible ways to earn an accounting degree. Online accounting degree programs, if accredited, are as prestigious and widely accepted as a traditional college degree. Once enrolled, you can take all of your required courses when it’s convenient for you — and you never need to set foot in a physical classroom or commute to a college campus. You can earn your accounting degree at your own pace, taking classes that suit your busy schedule and avoiding the constraints of a traditional college degree program.
Additionally, choosing to earn your accounting degree online is often more affordable. Online degree programs often offer reduced rates for students, as there’s no need to meet regularly with a professor or live on-campus. You may even be able to find accelerated courses that allow you to earn your accounting degree at your very own pace when you take your courses online.
An Accounting Degree Offers Flexibility
The flexibility an accounting degree can provide is unparalleled in other fields, so becoming an accountant and earning an accounting degree is a great way to keep your options open for the future. Overall, the key to becoming a successful accountant is to conduct your own research to discover a unique path to maximizing your potential.
In addition to providing flexibility in your career, getting started as an accountant offers flexible options. You have a number of ways you can earn your accounting degree: you can attend a traditional college, opt for an online degree program, or try an accelerated degree program. You can earn an accounting degree no matter your busy schedule or responsibilities, from absolutely anywhere at any time. An online degree program allows you to work through your degree at a pace that suits you. Accelerated programs, which are also often offered online, can help you speed up the process and earn a degree in less time. No matter the path you choose for your accounting degree, it can be adapted to your needs.
Interested in earning an accounting degree? Start a search today.