5 Lucrative Careers Accounting Careers
- Chief Financial Officer
- International Tax Manager
- Accounting Professor
- Personal Financial Advisor
- Accounting Software Developer
The accounting field offers many top-paying careers to educated individuals. Accounting is one of the most cutting-edge, high-tech occupations and a profession that is constantly making advancements in areas ranging from big data analysis and block-chain technology to cloud computing. Organizations, corporations and individuals alike can be assured that their money is being wisely used thanks to accountants. Here are five top paying careers in accounting.
1. Chief Financial Officer
Chief financial officer is probably one of the highest levels of responsibility and authority an accountant can hope to obtain. It also requires the highest level of experience and education as well as several years of leadership experience. The larger the company, the more responsibilities the CFO may have. Their duties include ensuring compliance and accuracy with financial reporting, reporting the financial status of the company to the board of directors and executives, establishing long-term budgets and goals, overseeing managers of other financial departments and developing systems to maintain the company’s financial stability. CFOs usually have at least a master’s degree.
2. International Tax Manager
International tax managers are very important to an organization because they allow the company to work successfully with the international market and the global economy. They also play a vital role in partnerships and mergers between American and foreign companies. Their job duties include recording profits and losses from exchange variations, reviewing tax regulations and laws for other countries, analyzing alterations in exchange rates, and establishing business models and strategies to reconcile the rules of other countries. International tax managers often choose from different areas of specialization, including business, international finance and accounting to name just a few. A master’s degree is usually required to work as an international tax manager.
3. Accounting Professor
Accounting professor is also one of the top careers in accounting. In addition to acting as senior accounting professionals, accounting professors also offer their accounting knowledge and expertise to others in the field. They’re a vital part of the collegiate accounting experience and can be found in universities and colleges of all sizes throughout the nation. The wages accounting professors earn depends a lot on the size of the school in which they work. Their knowledge of accounting basics allows them to provide accounting students with a trustworthy resource of accounting knowledge. Accounting professors generally have either a Master’s or Ph.D. in accounting.
4. Personal Financial Advisor
Financial advisors are the accounting professionals who work with individual clients and help them with financial planning and making wise decisions with their money. Rather than working with large organizations, personal financial advisors work with individual clients on a one-on-one basis. They may work with a small number of clients or with a large group of clients. Their knowledge of finance and the market puts them in a position to help others invest their money so they get the best possible returns. Personal financial advisers not only advise clients but also monitor the clients’ finances to ensure they are making a good profit. They may have either a bachelor’s or master’s degree.
5. Accounting Software Developer
Accounting software developers perform many of the basic accounting duties but also help develop accounting software. Their combined knowledge of computer science and accounting allow them to create software programs that make accounting easier and more convenient. Their duties include not just developing the accounting software but also demonstrating how it works to clients and keeping it current with new accounting technologies. Accounting software developers may have a bachelor’s or master’s degree.
Accountants are expected to see employment growth of 10 percent between 2016 and 2026 according to the U.S. Bureau of Labor Statistics. The growing economy will continue to put out demand for qualified accountants. This is one of several reasons why so many more individuals are pursuing careers in accounting.