Accounting is Only the Beginning of an Exciting Career

Say what you will about modern financial times, the world always needs those who understand and can work in the language of finance. The more complicated and intertwined finances get, the greater the need for those who can navigate a smooth financial course. Obtaining your bachelors degree will start your trip as the captain of a financial ship.



The field of accounting can certainly trace its roots back quite a ways. In fact, one could say it may be the third oldest profession, with accounting records going back some 7,000 years. In those days, farmers (and probably their rulers) utilized accountants to keep record of a year's harvest. Naturally, the field has evolved quite a bit and in current times has become so diverse and complex that the modern day accountant is often furthering his/her education long after obtaining their bachelors and even their MBA.



In the United States, legally practicing accountants can be divided into four major groups. They are Certified Public Accountants, Certified Internal Auditors, Certified Management Accountants and Accredited Business Accountants. The difference between these certifications is primarily the legal status and the types of services provided. Additionally, much accounting work is performed by uncertified individuals (such as a medical biller), who may be working under the supervision of a certified accountant.



As can be imagined, a strong head for crunching numbers is an absolute must. While this does not mean one will have to apply formulae usually reserved for Stephen Hawking and his fellow theoreticians, a solid knowledge of statistics, spreadsheets and college-level math wouldn't hurt. The truth is one can actually start being an accountant with an Associates degree and then work-study their way up, if needed. One aspect of being an accountant is easy access to financial aid, both for undergrad and senior employee.



The Bureau of Labor Statistics says the future of the field is about average, with an estimated 10% growth from 2008 to 2018. When the study was done, barely over 2 million accountants were employed in all capacities. The Bureau projects that number to go up to 2.25 million by 2018. They state the three key reasons for more accountants will be those deciding to retire, grow out of their positions into upper management and the expected general increase in the country's population.



The salary of an accountant can go anywhere from $26,000 on the low end to just under $95,000 on the high end. This is not including those who work in more specialized areas or are employed by larger conglomerates. Employment perks can include health care, as well as a wide range of retirement and other investment packages as fitting a stalwart member of the financial industry.



As for advancement? Many senior members of major corporations, including members of the board of executives, started as accountants. A number of accountants take their hard earned knowledge to set up their own practices. With the right contacts and certification, an accountant's future is truly unlimited. Obtaining your bachelors degree is just the first step to an exciting future than can include branching into law or marketing, offering specialization in areas that provide challenges and advancement.

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