Thinking about a career in accounting? From future job prospects to average salary to finding the right place to work, you’ve got a lot to consider. In this blog, we answer some of the most common Google search terms about accounting careers to offer a better understanding of what it’s like to work as an accountant.
Are accountants in demand?
According to a labour market study conducted by Deloitte and CPABC, there are expected to be 40,000+ job openings in accounting across the accounting sector between 2019 and 2028. Both a retiring labour force and economic growth are the drivers of this significant increase in demand. This also comes at a time of increasing complexity in tax laws and financial regulations, globalization of business, and the never ending need for organizations to effectively manage their finances.
All in all, accounting is a pretty solid profession in terms of job stability.
What is the highest paying accounting job?
Some of the highest paying accounting jobs include Chief Financial Officer (CFO), Financial Director, Tax Director, and Audit Director. These roles typically require extensive experience and expertise in accounting and finance, as well as strong leadership and communication skills.
However, it’s important to note that salary is just one factor to consider when choosing an accounting career. Other factors, such as job satisfaction, work-life balance, extended benefits and career growth potential, should also be taken into account.
Is accounting a stressful job?
Like many professions, accounting can be stressful at times, but how stressful a job is depends on a variety of factors such as the specific role, company culture, and individual personality. Some accounting jobs can be very demanding and require long hours during peak seasons, such as tax season. However, other accounting positions have more steady workloads with predictable work hours.
For example, at RHN, we know tax season is inevitably going to be more stressful for our team than other times of year, but we do everything we can to encourage balance and wellness at our offices. This includes significantly fewer mandatory hours and the option to receive overtime pay.
Working as an accountant typically involves managing financial information, which requires attention to detail, accuracy, and the ability to work under pressure. While some people may find this type of work stressful, others may thrive in this type of environment.
Is accounting a good career choice?
Working as an accountant offers many benefits, including job security, high earning potential, and opportunities for growth and advancement. When considering a career in accounting, it’s essential to research firms that align with one’s values and offer a supportive culture that values work-life balance. With the right skills and qualifications, accountants can embark on a fulfilling career that offers challenges and rewards in equal measure.
What is a good job for an accounting student?
If you’re already an accounting student, there are several job opportunities that can provide valuable experience and help prepare you for a career in accounting. Consider Co-ops, bookkeeping or accounting clerk roles, tax preparer positions, or accounting assistant positions. These roles can help you gain experience in accounting software and processes, as well as provide opportunities to work with clients and develop important communication skills.
At RHN, we frequently recruit students for co-ops and Client Services Accountant (Junior Accountant) positions.
If you’re looking for work with any level of experience check out our current openings. We’d love to hear from you!
This post has been prepared for general information purposes. It is not advice. The information presented may not fit your unique situation, please consult one of our trusted business advisors at RHN CPA for further clarification and interpretation of your circumstances.