When it comes to deciding what you should study at university if you are lucky enough to have that opportunity, you need to spend a little time looking at the potential careers you can follow, and see which one is the most attractive and suitable.
It’s probably fair to say that not too many people dream of becoming an accountant. It’s not the most glamourous or exciting profession in the world. In fact, it could be considered to be a pretty boring one.
However, accounting is an excellent choice for furthering your education, and in addition to leading you on the path to a good career, there are lots of elements in accounting that can play an important role in your life, especially the average salary.
Accounting is actually one of the most popular university courses that you can attend. In this article, we will take a closer look at some of the main benefits of pursuing a degree in accounting.
Better understanding of finances
Working in accounting is a way to learn more about finances and how to best manage money. You will better understand matters related to business and taxation, as well as various fields of micro and macroeconomics, spreadsheets, tax law and many other related topics.
Pursuing a career in accounting also means continuing your education at the same time, as you will always be learning. It’s a career where there will always be changes and modifications to existing tax laws and regulations, and you will need to stay on top of any developments in the industry.
There is a growing demand for accountants
Accountancy is an industry that has seen continued demand, and there are no signs that it is going to slow down any time soon. There are many careers that you can pursue, but accounting is one where demand is always strong.
Having a degree in a certain topic is by no means a guarantee that you will find employment, though with a master degree in accounting, there does appear to be many more opportunities available.
Every business will need at least one individual to handle the accounting matters for that company. Whether you work as an in-house accountant for a company, or create your own accounting agency, there is always going to be a demand for professional accountants.
It also means that you can take care of your own finances and have a much better understanding of them. Lots of people get very worried when it comes to personal finances, with the main reason being that they don’t actually fully understand them. If you’ve studied and working in accounting and finances, things are a lot easier to make sense of and you can also help close friends or family members with their financial matters as well.
You can work remotely
One benefit of a career in accounting is that you can work from anywhere. As long as you have a computer or laptop and a decent internet connection, you can work from home or an office.
With the recent Covid-19 pandemic, many businesses were forced to get their employees to work from home, and with there still an amount of uncertainty around the pandemic and when things will get back to normal, being able to work remotely is very beneficial at the moment.
It’s a good way to start your own company
Accountancy is one industry that offers the opportunity for people to open up their own accounting firms. Even if you’ve been working for another company for a period of time, there’s nothing stopping you from venturing out and opening up your own firm.
If you are qualified and have experience, then starting your own business and actually employing other people to work for you is going to be a very realistic option.
There is good money to be made in a career in accounting, especially during the busy seasons of the year. Though the workload can be pretty high at some points during the year, it will be financially rewarding as well.
Some final thoughts
Accounting is a very attractive topic for study for many individuals and one that does offer individuals a better chance of finding employment. If you are someone that enjoys problem solving and working with numbers and data, then accounting is going to be a good choice for your further education.
However, it’s not a subject that is going to be suitable for everyone, and if you’ve always struggled with basic maths skills, then it will probably be best to find a career in another industry.