Want to become an accountant? Check out these need-to-know facts and 5 colleges to study accounting!
Friday, February 22, 2019
Does accounting strike your fancy? It sure will after you read this article! Accounting is one of the most sought after degrees for university students in the United States, and for good reason. As a surefire stable career needed everywhere, studying accounting will lead to a promising career in business and finance. However, before you crack open your first accounting textbook, check out the article below and see what accounting is all about!
Always in demand
Accountants enjoy the luxury of always being in high demand while being top salary earners. No matter the state of the economy, there will always be a need for accountants. Pretty nice being needed no matter what, right? Accountants also have great potential for upward mobility in their professional careers. With opportunities to grow quickly from the get-go, many accountants end up opening their own private firms.
In terms of salary, accountants are generally very well compensated. According to PayScale, entry-level salaries for Certified Public Accountants range from $41k to $76k, with the average CPA salary hovering around $56k. As professional experience is gained, salaries increase quite a bit, with CPA salaries ranging from $54k to $125k for mid-level employees.
Difficulty is relative
How difficult is accounting exactly? Unfortunately, there is no clear cut answer for this one. If you have a knack for numbers and mathematics, are well organized and follow procedures to a T, you may be naturally good at accounting. On the other hand, if you struggle with mathematics and don’t have an affinity for numbers, accounting may not be the best career choice.
More than just crunching numbers
Accounting is a lot more than just crunching numbers and making financial plans. As a Certified Public Account, interpreting complex financial data and communicating clear business projections is a must. In fact, a successful CPA is generally very well spoken and outgoing. An average day for a CPA may include giving presentations, leading teams, and working alongside other departments in their company.
Accounting is evolving
Unlike other professions, accounting is always evolving. Due to changing financial standards, professional accounting qualifications should be renewed every couple of years. There are many exams and career advancement programs to choose from in order to obtain these new qualifications.
Now, if you are still confident that accounting is the right degree for you after reading this article, check out the list below of the 5 best accounting programs in the United States. Best of luck from all of us at Start University!
- University of Texas--Austin
- Brigham Young University--Provo
- University of Illinois--Urbana-Champaign
- University of Michigan--Ann Arbor
- University of Pennsylvania