Three Different Accounting Careers to Pursue After Graduation
Career Path : Accounting
Some people know exactly what career they are going to have after graduation. There could be many reasons for this: it could be a compulsive calling from childhood, the urge to follow a family legacy in a particular trade, or one may have discovered a great talent in a field and therefore know that they can have a successful career. Certain industries lend themselves to these kinds focused career goals more so than others. For example: working in the creative arts, or being a specialized kind of practitioner like a doctor, lawyer, or engineer.
When we think about accounting, it is not too often we see this as a kind of career that reaches out and compels us. While many people are enrolling in accounting school, it is more likely the case that it is because accounting is solid and respectable career rather than something one is passionate about. This is not to say that accounting is necessarily boring or not challenging, but it can feel like it lacks the enthusiastic dedication that we see in other high-rolling business types.
So what happens if someone successfully completes formal accounting training, and then decides that a life of crunching numbers and mulling over tax statements just isn’t for them? Can a degree in accounting lend itself to other careers? The answer is yes, there are a few other professional options for which a background in accounting provides the right transferable skills.
If one enjoys the planning and problem-solving parts of business, there are several different types of planning jobs in the business world. Financial planning deals with new business models and projects to increase profit or eliminate debt. Insurance planning for individuals or businesses handles setting up plans for emergencies, dependents, and retirements. This is great for someone who does not like the compliance aspect of accounting which deals too much with records and statements.
This is the opposite side of planning. Compliance is the area of business that ensures a correct and legal following of codes and regulations, as well as providing the necessary proof in documentation to regulatory boards. If one enjoys the research aspect of accounting, including the mastery of complex codes and regulatory procedures, then technical compliance is a great option.
This is one of the more exciting areas in accounting courses. It can be an extension of planning but also requires a good knowledge of compliance rules. If one has a mind for experimental models and theoretical projections, then risk management offers a challenging role in a wide variety of financial industries.
Whether one is tired of numbers and wants to get more involved in the decision-making part of business, or one does not like the responsibility of planning and prefers working with codes and regulations, the options for the graduate of an accounting program are indeed more open and versatile than most would think.
Visit the Academy Of Learning Toronto for more information on accounting school.