Career opportunities in accounting and finance are endless. This is because when you have either a CA or CPA license with you, it is possible for you to work for a large firm that has offices both here and abroad. Given that every company needs financial professionals, if you are good, it will not be hard to find a job.
Some of things that you can get into include actuaries, auditing, banking, chartered accounting, corporate finance, corporate recovery, stock broking and taxation management.
Statistics show that the financial sector is globally abundant with jobs and you will also be handsomely rewarded with a good salary, but remember that long hours come with the territory here as most positions are very competitive salaried positions. Deadlines are also a reality while working in finance, especially when companies and individuals have to file their taxes and towards the end of the fiscal year as companies must close out their books.
Just to give you an idea, new graduates who work in entry-level positions at banks and financial institutions earn start out earning $35,000 to $50,000 annually while financial managers earn almost double that amount. Professionals who soon become partners for the bigger firms earn more than $100,000. It is very realistic to earn 6 figures in your first 5 years of working in a good finance job.
The landscape is very competitive even though there are a lot of jobs, this does not guarantee that you will get the job that you want. In order for you to get a higher position, you may also need to go back to school. Most financial experts pursue an MBA, CPA, CA, CFA, etc. after a few years in the corporate world. While some return to their employers, others apply elsewhere and try to get the big buck$.
Before you can see yourself up there, you have to work from the bottom and move up. While some decide to make it big in Wall Street, you too can also succeed wherever you decide to apply if you work hard and plan ahead. The first thing to do is conduct some research; this will help you understand how things work and how news in business affects the industry, the country and the world as a whole.
If you want to get a really good job, aside from being knowledgeable, you need to have connections that are already there so you are given the position instead of someone else. This means building your network from school and then using it to your advantage. Associating yourself with those who have done well may also help give you pointers so you too can be successful.
You should not wait until you graduate before you start looking at the various career opportunities in accounting and finance. The best way to get your foot in the door is to apply for a summer position or an internship because most companies hire those who have worked with them for a short period of time compared to those that apply cold When you already have an edge and an idea about the internal workings of the company the integration process is more seamless and appealing to management.
Always remember how competitive the job market is and that just because the company you worked for does not have an opening right now, you should prepare your resume and yourself for interviews with other companies that do similar activities as what you were doing during your internship.
The average professional who works in either accounting or finance leaves positions after approximately 2 years. They may apply for reassignment to another department, receive a promotion or find employment at another company. When this happens, there are job openings around for fresh graduates as well as those who already have experience in this industry.
Indeed, there are career opportunities in accounting and finance. You just have to go for them. Pursue a financially oriented bachelors degree, always build up your social network and research openings and work on your self-presentation.
Money is available along with a great future.