There aren’t even any financial statements, applications of GAAP, figuring out how much it costs to manufacture something, or how much a corporation owes in taxes. In many ways, these specialists become the financial face of the organization. Sales is also a good option for those who love accounting, but also love interacting with people on a regular basis. Certified public accountant (CPA) is the job most people associate with an accounting degree. Your accounting background already gives you the skills needed to find and analyze appropriate metrics to lead an organization toward success. Full-time writers can eventually earn around $50,000 per year, especially with a specialized subject like accounting. Fear of failing in Chartered Accountancy exams: Our mind is fickle minded and once, it faces some challenges, it thinks that this is not meant for me. Are there other opportunities besides finance and accounting with a accounting degree. eval(ez_write_tag([[580,400],'bizfordoers_com-banner-1','ezslot_0',106,'0','0']));? People who have a background in accounting are often hired by law enforcement agencies to track down financial crime. Besides the conventional tax accountant or bookkeeper, an accounting degree can take students into the public sector as government officers or FBI agents; into music, fashion, sports, and Hollywood; into education, research, and policy-making; or into all sorts of profitable private practice. What Will I Learn in an Accounting Degree Program? 1 in 4 adults in the US have no money set aside for an emergency that may occur. But to be honest, things that I learn in accounting now are almost identical as I learnt during undergraduate. It also increases the chances of an innovative breakthrough happening. Mortgage adviser 8. This resulted in more than $8.5 billion in restitution orders, $113 million in fines, and $751 million in forfeitures. A classmate of mine from high school had a degree in art, but she worked part time at a department store in St Louis. Well, getting a degree in accounting is pretty similar. The analytical and critical thinking skills gained in an accounting program can help prepare you for more careers than you might think. There are no T-accounts. It is not unusual for a salesperson with an accounting background to begin earning more than $100,000 within their first 5 years of this career.eval(ez_write_tag([[300,250],'bizfordoers_com-medrectangle-4','ezslot_6',104,'0','0'])); Many administrators are required to evaluate budgets, set spending habits, and handle purchasing responsibilities. Chartered public finance accountant 5. Some organizations may wish to hire you as an independent contractor instead of as a full-time employee as well. Here are some of the best jobs for accountants who don't want to be accountants. "They must understand and effectively communicate the data story. You could help them setup a savings account and create structures that encourage putting some money away. In 2013, the Federal Bureau of Investigation conducted more than 2,000 white collar prosecutions related to financial crime. Both could benefit from the expertise learned through your degree in accounting. There is a need for a formal familiarity of IT to hold this type of position when you?ve earned a degree in accounting. According to the National Criminal Justice Reference Service, the Federal Trade Commission received 1.5 million fraud-related complaints in 2014. A graduate degree in accounting or obtaining a position with a large organization may cause the salary to be more than $120,000 per year with the right combination of education and experience. It can be difficult to save money in the modern world. If you're passionate about money management, budgeting and strategic financial planning, an accounting degree could give you the skills you need to kick start a rewarding financial career. The salary for a private investigator depends on the scope of the job and the company that requires your accounting services in this field. You?ll become connected to a community that seeks out mutual success. Many administrators, in fact, are required to go through supplemental training courses to help them become familiar with basic accounting principles. Investment specialists perform some traditional accounting functions, such as creating an annual financial report. Like Marketing or management positions. That normally involves accounts payable, accounts receivable, and maybe payroll. Employers want to see that you have the technical skills, strategic mindset and the ability to communicate proficiently to various stakeholders.". Have you found alternative work with your accounting degree? The key skills that benefit CPAs include analysis, reporting, communication, and an understanding of finance law. In your personal life, accounting could help you to get your own financial affairs in order, provide a deeper understanding of tax laws, and set you up to plan for the retirement of your dreams. What happens when an individual decides to buy shares in a publicly-traded organization? You'll explore the current business landscape and develop analytical, critical thinking and strong communication skills to prepare you for a variety of jobs for accounting majors, from financial planning and consulting to budget management and data analysis. "This increases the value of an accounting education, as communication and analytical skills are emphasized more heavily.". Salaries for this type of position are usually dependent upon where the job is located and how active an organization needs their specialists to be. More than 38 million households are living paycheck-to-paycheck. Management consultant 7. As an accounting graduate, you may choose to pursue a career in accounting, such as Budget Analyst, Tax Accountant, or Auditor, or you may decide to pursue careers outside of their field, such as in the field of management. Licensed conveyancer 6. You could become your own … My goal is to work for a federal law enforcement agency in the future as a special agent. Chartered Accountant Chartered accountants are never limited to one discipline. Many tenants have the goal of owning a home one day and could use your help in finding a path to ownership. As a business analyst, you?d also work to create and implement initiatives that can help the brand begin to grow. What can I do with an accounting degree besides accounting? In addition, self-employment is always an option. You can pick your own niche or specialty to write about. The three most common degrees earned by accounting majors including: Associate Degree - An associate degree is an undergraduate degree that is designed for students with a high school diploma or GED. People who work in sales are forced to crunch numbers all the time. According to a 2013 report referenced by Credit Donkey, the average bank account balance in the United States is $4,436. The only problem is that after you?ve earned your degree in accounting, it may be difficult for you to find a good-paying job as an accountant. Some of them are in non-traditional positions. More than 17% involved financial institutions, with 11% involving health care and about 5% involving security. Their main responsibilities often involve preparing financial records, assessing record accuracy, and ensuring that taxes are paid properly. If you love working with people and want to learn to network for a living, exploring how to become a recruiter could be right for you. Forensic accounting In forensic accounting, you can get an opportunity to utilize your accountancy skills to among many things investigate inaccuracies and financial discrepancies such as disputes, fraudulent activity, misconduct and financial misrepresentation. In total, more than $1.7 billion in losses were experienced. Glassdoor reports this job?s salary at $46,513 per year. Although some sales positions do have a base salary, many salespeople work on a commission basis. You could become your own boss and start your own business, but maybe that doesn?t feel right either.After all, not everyone really wants to be an entrepreneur or deal with the hassle of running a business. Perfect School Search. This may include passing a certification program or holding another degree in an IT-related field. I guess it depends on what do you want to do in the future. They need to know how to protect their money from needless or unfair charges that might occur. What can I do with an accounting degree besides accounting? But seriously, besides audit and tax, you can do managerial, FP&A, internal audit, financial analyst, certain data analyst positions, etc. , associate dean of online programs at Southern New Hampshire University. An investment specialist will usually work with the Chief Financial Officer of an organization. The average salary of a realtor in the United States is currently around $50,000 per year. *, As an Amazon Associate I earn from qualifying purchases, All the images/illustrations used in the blog are copyright to 123RF. To become a copywriter you can consider earning a degree such as marketing, communications or creative writing and start building a portfolio of your work. People can?t afford that, but they still need your help. If you?re not sure that a traditional accounting position is the right fit for you, then don?t be afraid to test out one of these alternative career opportunities. Many of these positions are in public service, however, so there are extra benefits, such as a pension or expanded health insurance, available to many workers.eval(ez_write_tag([[468,60],'bizfordoers_com-medrectangle-3','ezslot_11',103,'0','0'])); To avoid law enforcement investigations, many corporations hire their own private investigators to ensure that regulatory compliance is being maintained. I have great co-workers and we do what we can to keep ourselves sane during the rough times. With an accounting degree, numerous vocational opportunities become available. Your degree in accounting can also serve as written advice that allows people to make their own financial decisions. People want to save money, but don?t feel like they can do it. You may also be asked to demonstrate your skills in this field before being hired. You?re still a bit like a financial advisor, but you?d be working with a general audience instead of a specific one. A majority of writers, especially in their first 5 years of working, earn an average of $10,000 per year or less. Entry-level positions involving record keeping and checking for accuracy are often open to those without college degrees. We provide expert reviews and rankings of accounting degree programs at all levels. Another 36% of adults have not started saving anything for their retirement. Danielle Gagnon is a freelance writer focused on higher education. What Can I Do with an Accounting Degree Besides Accounting? Work at a for-profit business. While many students wonder what they can do with a degree in accounting, the answer shows that many options are available depending on the interests of the student. You can choose to work on your own, work for a full-time employer, or use your skills to carve out your own side hustle to earn some extra cash. They need financial help in managing their money to have security deposits available. The financial rewards are considerable – the Bureau of Labor Statistics show the top 10% of accountants earning an … Forensic accountant 8. External auditor 7. Many media organizations hire people from diverse backgrounds to write or produce content for them as well. Business analysts will also take data from third-party resources and conduct their own research so it can be applied to the metrics which have been developed. That being said, I don't think I was a normal Accounting Major in college anyway. Many administrator positions are in the field of healthcare, but almost any business needs at least one administrator on their staff. StockbrokerJobs where your degree would be useful include: 1. If there is an error in the calculations, a good deal could turn bad for an organization very quickly. In this position, you?d be acting as a personal ?consultant.? Larger companies tend to pay more, but may require your working hours to be flexible. You may find financial or accounting writing positions at newspapers, TV stations, or even video game designers. You may not wish to deal with the stresses of being an entrepreneur, but you may also feel the call to work on your own. As an accountant, you are tasked with looking at company data every day. Experienced accounting professionals and those graduating with a degree in the profession are in high demand. Just because you start off crunching numbers doesn’t mean you have to spend your entire job or career doing just that. You may report directly to the CEO or President or have your team or department do so. Management positions may pay up to $90,000 per year. Earning a master's degree in accounting will let you dive deeper into an area of specialization - such as forensic accounting, auditing or taxation - and boost your expertise. What can be done with an accounting degree besides accounting? For … You get to work at your own pace, take clients on that you want, and avoid the hassles and implications that come with a formal business entity. These tasks are perfectly suited for someone with an accounting degree. Purchasing manager 9. What Can You Do With a Degree in Accounting?. For many, this is a good side hustle option for some extra income at first instead of a full-time opportunity. With the exception of Alaska, Washington, and a few other jurisdictions, a business license may not be required to accept work. It is important to make the most of your education through considering your career goals and interests, said Griffith. I have always loved the fashion industry and this is my main goal but I do not see a need to major in fashion. They are also the communications bridge between shareholders, investors, critics, and analysts. With the knowledge, skills and competencies you acquire during your studies, you’ll have no shortage of career options. Accountants have the ability to choose whether or not to work in the public or private sector as well as if they want to work on the more business-oriented side of any company. Anything that liberal arts majors and other business majors can do...and accounting. Start Learning How to Make Money Blogging. This degree takes two years to complete and may qualify you for entry-level positions, such as accounting clerk. You might love working with numbers and data. Those with a graduate degree in an accountancy field may earn up to 30% more per year. Alternative Careers for Accounting Majors [What to Do With an Accounting Degree Besides Accounting?] Accounting has great prospects, but what if I decide after being an accountant to venture into other areas of business? Tag Archives | what can I do with an accounting degree besides accounting. Interested in exploring how to become a human resources manager? Did you know that the average person in the United States has no money in their savings account? I am now working on the master degree in accounting. Here’s what it really means: A PhD in accounting has almost nothing to do with accounting. Duties may be slightly different based on company or industry needs, but the foundation of what this job is required to do is usually the same. a) do finance as well you could then move into an investment banking or an analyst type role. And with the possibility of earning a top bachelor's in accounting online… You'll also gain valuable experience in business strategy, risk management, information systems, quantitative analysis and business ethics. What You Can Do With an Accounting Major. They need help collecting rent, processing maintenance requests, and understanding the rental market so they can maximize their profits. Human resources management plays an important role in the long term success of an organization and its workforce. What else would I be able to do with my accounting degree? I've been in and out of college for 6 years, always being afraid to settle on a degree and be restricted to it. There is an almost unlimited upper salary potential. You may be tasked with giving presentations, discussing the implications of an earnings release, or reviewing statistical information for trends that can open up new service or product lines for an organization. Interested in a particular facet of accounting and finance? Note: you could also start your own business as a private investigator with an emphasis on researching financial crime or accounting improprieties. You can have access to relevant advice and learn needed skills to build your reputation.This helps you to build your own brand. There are no journal entries. Financial advisors are paid based on what service is being provided. While many accounting degree holders find work as certified accountants and analysts, similar professions are also available across many industries. Expect to earn about $60,000 per year in this type of position. A strong accounting foundation sets you up for success in a myriad of ways. Organizations are finding that when there is an IT team with great diversity, it becomes easier to manage technology. Chartered accountant 2. Expect a salary range of $55,000-$80,000 for most positions such as this. Thanks for the feed back. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}. Similar job titles might include Office Manager, Administrative Coordinator, Purchasing Specialist, or Financial Coordinator. Ourselves sane during the rough times US have no money in the calculations, '' Griffith said from a of. You can show families where they could save some money at newspapers, TV stations, or in-depth.. 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