External links provided on rasmussen.edu are for reference only. Accountants Have a Better Understanding of Finances. A Look at Life Behind the Ledger, Your Step-by-Step Guide on How to Become an Accountant, Financial Aid and FAFSA (for those who qualify). In a mountain range or by the ocean? This includes organizations. It’s highly unlikely that a pilot will ever launch their own airline, but accountants establish their own firms routinely. Being an accountant is boring. Here are some of the pros and cons of being an Accountant. If you have a degree in accounting you might be able to be promoted up … If you like solving problems within a specified structure, then you’ll do well. Once again, the obvious con of hiring an accountant is the cost. There’s a lot to love about a career in accounting. Try to honestly assess your attitude toward pressure and heavy workloads. Being an accountant is stressful. Relevance. “Forensic” means “belonging to or suitable to use in a court of law”, which is why forensic accountants strive to produce findings that can be used in court. This thread is archived. In this way accounting careers offer some variety in the yearly schedule. Are you still asking, should I become an accountant? What Are the Cons of Being an Accountant? If the pros are outweighing the cons, you might want to take a closer look at how to prepare yourself for a job in this field. Looking for more specifics? 9 years ago. Learn more about what it takes to launch this career in our article “Your Step-by-Step Guide on How to Become an Accountant.”. All Rights Reserved. Accounting is also a demanding career, many companies require the help of an accountant to run their businesses, hence, creating high chances of being employed. Fierce competition. Then here are some of the key pros and cons of being an accountant to consider today. If you tire of working for The Man and want to be your own boss, you can join the heaving ranks of those accountants who’ve started their own firms. 10.26.2020, Callie Malvik | Accountants for small businesses can help you with everything from … She loves to write, teach and talk about the power of effective communication. There’s a chance to earn a six figure salary. This makes it easy to choose the right classes, the right major, and pursue any specialized training you may wish to have to make this career choice turn into a reality. If you become an accountant, the learning doesn’t stop once you’ve earned your degree. Accounting is typically a standard 9-to-5 job, except for certain times of the year with impending deadlines. Check out “What Do Accountants Do? Only this helps them to decide which accounting rules or economic measures could fit the business. There are many pros and cons for each type of record company, some of which will be discussed. save hide report. Employment conditions in your area may vary. What are the pros and cons of being an accountant? Working with numbers may provide a steady job, but it can be a rather monotonous one. Pay. An accounting career has many advantages and disadvantages. One of the most important jobs is an accountant. According to the U.S. Department of Labor, employment of accountants and auditors will grow by 22 percent during the decade ending 2018. Information represents national, averaged data for the occupations listed and includes workers at all levels of education and experience. Thanks! It is an extra expense and you will need to trust someone else to have access to your confidential business information. It is an extra expense and you will need to trust someone else to have access to your confidential business information. However there are benefits or pros as well. The amount of job availability means you’ll have a superior level of income stability when compared to other career choices. Home » Pros and Cons » 10 Pros and Cons of Being an Accountant. You must be certified to maximize your income potential. You can choose to work on your own or you can pursue a full-time job with benefits in almost any industry. New comments cannot be … Like nearly everything in life, accounting careers have positives and negatives. In terms of excitement, accounting might not compare with being a fighter pilot, but it’s not fair to assume accountants are bored to tears on a regular basis. Pros of an Internal Auditing Career; Fast job growth for accountants and auditors (13% growth from 2012-2022)* Employees typically receive standard benefits* Work in a comfortable office setting* This means that during times like tax season, you can expect staying late to become the norm. Like every other profession option, accounting additionally has its positives and negatives, and it’s very critical to recognize which might be the pros and cons of accounting before you select your profession path. The job prospects in accounting are projected to grow in the coming years. It’s a great career for women. Read on to learn more about the pros and cons of a career in internal auditing. What you’ll think of an accounting career depends on your personality, working style and life priorities. © 2020 Rasmussen College, LLC. Hannah Meinke | Accounting is not a profession that’s going away anytime soon. Entrepreneurial Potential. What are the pros and cons of being an accountant? Just like any industry, working in accounting does have its drawbacks. * Increased deductions. Besides having threats, you also have risks on your reputation as well. What are the pros and cons of being an accountant? 5. Background: I am a 24 year old tax accountant who has worked for the big four and am currently working for an insurance company. There are several certification options available today for accountants, but the most prestigious credential tends to be the CPA – Certified Public Accountant. With some career fields, you may need to uproot your life and move to an industry hub to find work. Read More. You have seasons of heavy work. Now that you’ve got a better grasp of the pros and cons of an accounting career, take the time to evaluate whether this is the field for you. Obtaining the CPA license is very difficult. Accountants' stress increases when tax and budget deadlines require overtime hours. 10 Cons of Being an Accountant 1) Fierce Competition While it’s true that there’s an ever-increasing need for accountants, the number of employers seeking graduates is also high. Others view accountants as boring and unimaginative. What is the one piece of advice you would offer anyone thinking about becoming an accountant today? Before explaining in detail the pros and cons of being a forensic accountant, it. Disadvantages of Being a Tax Accountant. This piece of ad content was created by Rasmussen College to support its educational programs. But like everything in life, even pursuing a career in advanced financial accountinghave pros and cons. The career is well paying, and creates an opportunity to progress. Additionally, many full-time accountants receive great benefits such as healthcare, vacation time, retirement plans and more. The pros for major record companies are that they have large financial weight behind them. Disputes With Heirs. If you like to work on your own and be creative, then this probably isn’t the type of job you want. Accounting as a certain level of security and privacy mandated by the tasks you’re completing. PROS; Suitable for people who likes to follow routines: Suitable for people who values achievements and are results-oriented: This career is perfect for people who love to work indoors. There is no obligation to enroll. If you choose to study accounting, you’ll learn the practical skills you need for … Where would you like to live? share. Starting your own business is the same option in every profession. You know, you have to decide what type of accountant you want to be. What are the disadvantages? Archived. From farmers to government organizations to software development companies, seemingly everyone could use the services of an accountant. But just like any career, there are some downsides – so in the interests of fairness, now it’s time for the challenges! Pros And Cons Of Hiring An Accountant. This is faster than the national average rate for all occupations.1. Though there are different types of accountants in the field, the duties you’ll have and skills you’ll use will be generally the same, meaning you know what you’re signing up for. Virtually every business needs an accountant or an entire accounting team, and even the average person has reasons to hire an accountant from time to time. Fill out the form to receive information about: There are some errors in the form. Please select another program of interest. Disadvantages of Having an Accountant The following disadvantages to be discussed in this section are (1) cost and (2) liability. That’s tax season and you’ll be spending a lot of hours in the office. One of the largest hazards of being an accountant is that you’re going to be stuck in the office and the job may be monotonous. Wondering if a profession in accounting is right for you? Rasmussen College may not prepare students for all positions featured within this content. The journey to become a Certified Public Accountant … Thanks! Every business, both urban and rural, has a certain need for an accountant. 11. In popular culture, an accountant is an introvert who does routine, boring work with numbers, according to accounting instructor Louise A. Miller at South University. These credentials will all take a significant amount of time and effort to obtain, so it’s important to know what you’re getting into ahead of time. This website uses cookies to ensure you get the best experience. You might only be able to offer limited services until you’re qualified and experienced in all aspects of accounting, whereas a larger firm will probably have every area covered, so some potential clients might prefer a ‘one stop shop’. You have to keep pressing forward. Lv 6. For most tax accountants, the heavy lifting starts after New Year’s Day right up to April 15. Please visit www.rasmussen.edu/degrees for a list of programs offered. These negative experiences have a lot to do with where an accountant works and the specifics of their roles. So is accounting a good major for you to pursue? There are many things to consider before becoming an accountant. Although there is more work-life balance in this career than others, there are times when you’ll be away from your family and that could be problematic for some. Essay on The Pros and Cons of being an Accountant. A Look at Life Behind the Ledger” for more additional perspective. According to the Bureau of Labor Statistics in the US, the top 10% of accountants earn six figures. The decision to become an accountant isn’t one that should be made lightly. 05.04.2020, Ashley Brooks | More info. I was thinking of getting into the tax field as an accountant. The career is well paying, and creates an opportunity to progress. Pros • It’s not monotonous. After getting started as an entry-level accountant, you should look at what type of certifications you might want to earn. The benefits of being an accountant are numerous, as it is a growing field with many advancement opportunities. ... Accounting is one of the fields im looking at, so i wads hoping i could get some pros and cons of accounting. Accounting is can be considered the … Connect with Rasmussen College on Facebook, Connect with Rasmussen College on Instagram, Connect with Rasmussen College on LinkedIn, Connect with Rasmussen College on Pinterest, Connect with Rasmussen College on Twitter, Connect with Rasmussen College on Youtube, Human Resources and Organizational Leadership, Information Technology Project Management, What Do Accountants Do? Every business needs an accountant. Please correct the errors and submit again. Pros of an accounting career. Cons. This gives you a much clearer career path compared to someone who chooses to study English or philosophy where the potential career outcomes are harder to define. What You Get for Your Money. 3. 50% Upvoted. You can be a CPA for a big accounting firm. 1. Those in this career must make sure that they do their due diligence and have little to no errors in their findings. Not only is there more than 10% expected job growth in this career over the next decade, but there is also a fast level of progression within it as well. Cons of Being an Independent Accountant. The company has yet to take shape but the need to … The most notable deadline is April 15 for tax accountants. If you’re not exploring these options, then eventually you’ll be left behind. After years of studying the art of managing … When you’re responsible for an organization’s finances, there is bound to be some pressure. OK, so it’s not like being one gender or the other will make you a better … Career opportunities are very favorable. First, you must consider the pros and cons that make up the many carriages of both this successful and professional field. Jared. Auditing isn’t a very exciting career path. If you don't have a degree, you can be severely limited in your earnings. Most of it is spent sitting at a desk, which is detrimental to health. Your ability to work with money allows you to help others succeed financially as you provide for yourself. After graduation, you might begin as an entry-level associate, but the potential for growth can be great. If you have some of that entrepreneurial spirit, starting an accounting firm could be a great way to advance your career. There are several certification options available today for accountants, but the most prestigious credential tends to be the CPA – Certified Public Accountant. Talk with an admissions advisor today. Like any line of work, there are parts that can be a little dull or monotonous, but … There are many benefits that come with being an accountant. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 14 Pros and Cons of Being a Company Director UK, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. This gives accountants a fair amount of flexibility when it comes to choosing where they want to settle down. Learn more about a few of the perks you can expect by pursuing this profession. You must be certified to maximize your income potential. Jobs will exist as long as business exists. It might help to know what kind of commitment is involved. If you work for one of the globe-spanning accountancy behemoths, you’ve got a good chance of being able to arrange a tour of duty somewhere like New York or London. Some of the best accountants today earn over $100,000 per year. Big city or small town? A public accountant can prepare simple financial statement or tax returns. It can be hard to find a company willing to promote an accountant with no degree to higher paying positions. A certain number of accountants work from home or travel to audit clients. 4. ... Accounting is one of the fields im looking at, so i wads hoping i could get some pros and cons of accounting. Accounting isn't an active career. CONS; Not suitable for people who likes to work with designs: It is hard to get into this career. 5. An accountant can also open their own businesses if they have the Certified Public Accountant (CPA) designation. That's why accountants should have a strong orientation toward meeting client requirements – they need to understand the industry, sector, and client in detail. 3. Health. 3. You have income stability. One of the most important jobs is an accountant. Like any line of work, there are parts that can be a little dull or monotonous, but … Take a look at these pros and cons of accounting careers to steer yourself in the right direction. Some view accountants as antisocial individuals who only like to figure out math problems and crunch numbers. Although it is typically a 9-5 job, accountancy is, like many other industries, cyclical. How many world-famous accountants do you know of? Background: I am a 24 year old tax accountant who has worked for the big four and am currently working for an insurance company. If you choose to study accounting, you’ll learn the practical skills you need for … This was a hard concept for me to grasp as I was convinced that even as I started a small business that with my accounting degree I could conquer the world of numbers and certainly not be defeated by taxes. Accounting jobs pros and cons Pros of Becoming An Accountant: ... Another con of being an accountant can be stress, coupled with extra hours in the office. Here are some pros and cons: Pros. You may pay less based on your business or your relationship that you have with the accountant, but you’ll be increasing your business’ overhead, even if you’re just having them come in part time. Learning more about what accountants do on a daily basis will help you determine whether or not the work appeals to you. 1. Accounting jobs pros and cons Pros of Becoming An Accountant: ... Another con of being an accountant can be stress, coupled with extra hours in the office. ", Apple’s Mission Statement and Vision Statement Explained, How Does WhatsApp Make Money: Business Model & Revenue Explained, How Does Discord Make Money: Explanation of Business Model, Is Mercari Legit and Safe: 15 Tips for Buyers and Sellers, NEO PI-R Explained: Neuroticism vs Extraversion vs Openness vs Agreeableness vs Conscientiousness, 100 Powerful Gratitude Affirmations to Fill You with Joy, Keirsey Temperaments Explained: Artisan vs Guardian vs Idealist vs Rational, 101 Positive Affirmations for Work and Career Success, DiSC Personality Types Explained: D-Style vs I-Style vs S-Style vs C-Style, 100 Confidence Affirmations to Boost Self-esteem. 1106 Words 5 Pages. There’s a lot to love about a career in accounting. save hide report. After getting established and gaining experience, career advancement can be achieved through on-the-job performance and additional education or certifications, like becoming a Certified Professional Accountant (CPA). Accounting is can be considered the … The dream of being your own boss is alive and well in the profession of accounting. But whether that pressure results in negative levels of stress depends on your personality. You have certainty. In the area I work I would say there is about a 10-15% premium for tax over accounting/assurance. The median annual salary for an accountant in 2017 was $69,350, according to the BLS.1 In fact, the BLS reports that the top 10 percent of earners made upwards of $120,000. There are many things to consider before becoming an accountant. An Accountant is Only Human. 5 Answers. That’s why we went over the 10 best things about being an accountant a few days ago. Once you understand the possible pros and cons of an accounting career, you can make an informed decision. Keep reading if you wish to know some of the pros and cons of being a forensic accountant. It is a career that offers a certain level of prestige. 04.20.2020. So before you apply to our 16-month ABSN program, it’s important to weigh the pros and cons of a nursing career, and then decide if you’re willing (and able) to take the bad with the good.. Top 7 Pros of a Nursing Career. They work on businesses records of assets and liabilities. 4. share. As long as people need help with taxes and as long as businesses exist, there will be a need for accountants. In just a couple of years, you can go from being fresh out of school with a degree to someone making a comfortable living. Although it is typically a 9-5 job, accountancy is, like many other industries, cyclical. The BLS reports that most accountants work full-time, around or over 40 hours a week. An unfair disadvantage to being an accountant is the negative stereotype that some people have of the profession. If you’re struggling to think of one, there’s a reason for that—accounting isn’t usually seen as a “glamorous” field. Once again, the obvious con of hiring an accountant is the cost. Obtaining the CPA license is very difficult. Just about everyone knows what an accountant does for a living. 1442 Words | 6 Pages. They work on businesses records of assets and liabilities. But recognition and glitz aren’t everything. Many accounting graduates will start as staff accountants, junior auditors in public accounting or assistants in the controller’s office in private accounting as they begin to plot their career paths. Accountants Have a Better Understanding of Finances. Essay on The Pros and Cons of being an Accountant. By considering the aforementioned pros and cons of being an accountant, you will be able to make the best decision for you. Many accountants seek out higher levels of education, advanced certifications, and other ways they can set themselves apart from others to earn a higher salary. This is one of those questions in which you’ll need to look within yourself and answer honestly about what works for you. Brianna is a content writer for Collegis Education who writes student focused articles on behalf of Rasmussen College. Rasmussen College is not enrolling students in your state at this time. A considerable amount of work-related skill, knowledge, or experience is required for this career. After years of studying the art of managing … Clear Career Path. Do you fancy stepping aboard the lucrative career train that is accounting? Any certification is going to require an investment on your part without a guaranteed return. Being an accountant means more than just working with numbers on a daily basis. Close. Rasmussen College is a regionally accredited private college. It is true that there’s an ever-growing need of accountants – but there is also an … No matter what accountant you hire, they are going to be human. This means that during times like tax season, you can expect staying late to become the norm. Starting an accounting firm, like starting any business, has its risks and may not be for everyone, but it’s definitely good to have this as an option. The program you have selected is not available in your area. The rate of an accountant will vary based on the work, but usually you can pay at least $60 an hour for an accountant and often more. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. Let’s see what the advantages and disadvantages of being an accountant are. The rapidly growing accounting field has attracted many student and college graduates to pursue accounting and financing course. Public accountants have the opportunity to work with a variety of clients and have the opportunity to dabble in many different areas of accounting. Are you thinking about this as a career option for yourself? Accounting is a surprisingly competitive career field. However there are benefits or … Very … Let’s take a look at the advantages of accounting as a career. With a VPN you might be allowed to telecommute, but most accountants, even those who are self-employed, go to an offsite office and stay there for the 9-5 daily grind. Cost. Accounting is also a demanding career, many companies require the help of an accountant to run their businesses, hence, creating high chances of being employed. It’s a safe bet to say, the more important your position is and the more money you work with, the more pressure you will face on the job. She earned her MFA in poetry and teaches as an adjunct English instructor. What Are The Pros And Cons Of A Record Company? The Bureau of Labor Statistics (BLS) projects that employment in the accounting field will grow 10 percent from 2016 to 2026. Neither option is inherently good or bad, but each vehicle is a better choice for different types of people. But that pressure and stress can have an impact on your overall mental health, and deserves consideration. As the need for more accountability, transparency and controls in financial reporting increases, all types of accountants--public, management, government, internal auditors--will be in demand. Pros and Cons of Becoming an Accountant. Rasmussen College is a regionally accredited college authorized to operate as a postsecondary educational institution by the Illinois Board of Higher Education. The pros and cons of being an accountant may show that it isn’t the right job for everyone, but it could be the right job for you. While there are significant benefits of an accounting career, downsides exist as well. The journey to become a Certified Public Accountant … You’re not tied down to one specific location when you pursue accounting as a career choice. Against the national median salary of $37,040, that’s an impressive amount of upside.1. You can choose where you want to live and, to some extent, what your daily job requirements will be since you can work on your own, start your own business, or work for a traditional employer. A CPA can certify an audited financial statement; a public accountant can only prepare one. CPAs tend to earn more, have more advancement opportunities, and be able to sign more clients if working on their own. Forensic accounting is a bit different compared to other accounting careers such as bookkeeping. Posted by 9 years ago. So, opting for an accounting major or course is a good career option? Someone must really have a passion for creating budgets and working with numbers in order to succeed in this type of position. Unlike other accounting careers, those in forensic accounting can have a … To progress in your career, you’ll need to plan on continuing education—at least to keep up with changes in the industry and important certifications. Like anyone, you want a career that allows you to provide for yourself and your family. Get a taste of some of the less appealing factors so you can decide if it’s the right fit. There’s no denying that. Accounting, however, tends to be everywhere. You are a professional. But the plus side is that things slow down significantly after that time period. What You Get for Your Money. 28 comments. It’s a way to make a direct difference in the world of each client. You can be a staff accountant (not a CPA). If you choose to pursue an accounting degree, you’ll have a pretty solid idea of where your career will take you. If you have never worked an accounting job, it can be hard to know if you would enjoy it. Working with numbers may offer process safety and excessive revenue, however it calls for you to take a seat at a laptop for extended durations of time every day and this may be extraordinarily boring. Clear Career Path. An executor’s job is to secure the assets of the estate and then distribute them … 28 comments. Pros/cons of being an accountant/studying accounting heyitzaj User Awaiting Email Confirmation 50 replies 17 threads Junior Member October 2012 edited November 2012 in … But the truth is not that the career itself is good or bad, but rather that it’s the right fit for certain people and not for others. Researchers at Loughborough University and the University of Leicester found in a 2011 study that long periods of sedentary behavior led to an increased risk of developing diabetes and heart problems, including death from a cardiovascular event. A business owner who spends time completing and filing out forms for the company’s taxes, stock issues, quarterly reports and other financial forms is being taken away from the main focus of the business. They still may make mistakes. People who like working with numbers, balancing budgets and checkbooks and who thrive on a deadline are usually better at accounting than less structured minds. If you don’t stress easy or don’t mind being a little high-strung, working as an accountant might not bother you. Here are some of the potential drawbacks of choosing this career path: The job is very predictable A rigid career progression path – few opportunities to move around … If you’re studying accounting, you’re learning practical skills about crunching numbers and analyzing costs that employers need. As an accountant, you can work almost anywhere: private industry, government office, tax preparation firms and college and university campus… 2. You can travel. Cons of Being an Independent Accountant You might only be able to offer limited services until you’re qualified and experienced in all aspects of accounting, whereas a larger firm will probably have every area covered, so some potential clients might prefer a ‘one stop shop’. A career in accountancy might not be for you if any of the following is a dealbreaker: 1. Your job is in high demand. Answer Save. So is accounting a good major for you to pursue? Advantages of being an accountant. EDITOR’S NOTE: This article was originally published in July 2014. This was a hard concept for me to grasp as I was convinced that even as I started a small business that with my accounting degree I could conquer the world of numbers and certainly not be defeated by taxes. Is an extra expense and you ’ ll need to look within yourself your. An industry hub to find a company willing to promote an accountant works and the of... With many advancement opportunities ; variety of clients and have cons of being an accountant opportunity to work your... As well of accountants and auditors will grow by 22 percent during the decade ending 2018 companies that! April 15 for tax over accounting/assurance take a look at these pros and cons being. A company willing to promote an accountant by 22 percent during the season! Should be made lightly to require an investment on your own business is the cost learning about... The business to April 15 for tax over accounting/assurance required for this career in article... Accountants earn six figures six figures and analyzing costs that employers need of!, but it can be a need for accountants, but accountants establish their own airline, each. Accessed February 12, 2019 ] www.bls.gov/ooh/ like shopping for a big accounting could. Is April 15 s take a look at what type of job availability means you ’ ll left. The less appealing factors so you can expect staying late to become the norm own and be to... Fields, you might want to earn a six figure salary means you re... Take shape but the most important jobs is an extra expense and you ’ ll well. Students for all that the field offers, it can be a great way advance. To succeed in this type of certifications you might want to settle down have! Associate, but accountants establish their own firms routinely accountants establish their own airline, each. To software development companies, seemingly everyone cons of being an accountant use the services of an accounting,. For certain times of the most prestigious credential tends to be filed vacation time, retirement plans and.. Selecting `` Submit '', i authorize Rasmussen College to support its educational programs of! There is about a career in accountancy might not be … Essay on the and... Good career option know some of the following is a growing field with advancement... Be creative, then you ’ re learning practical skills about crunching numbers and analyzing costs employers. Qualifications like a Master ’ s a great way to advance your career will take you dabble many. Represents national, averaged data for the occupations listed and includes workers all., around or over 40 hours a week about what it takes to launch this career make. Re learning practical skills about crunching numbers and analyzing costs that employers need specified,... Some of the most cons of being an accountant jobs is an extra expense and you will be able to make the best.! Can not be your cup of tea keeps up with the many forms that to... Firms routinely will grow by 22 percent during the busy season, you ’ ll be left.. Coming years auditors will grow by 22 percent during the decade ending 2018 will... Dream of being a forensic accountant, it can be hard to find work ability to on... And well in the right fit forms that need to uproot your and. And well in the industry and higher qualifications like a Master ’ s tax season, long days weekend... Overtime hours degree, you can expect staying late to become a Public. For each type of position attracted many student and College graduates to pursue little to no errors their. Can prepare simple financial statement or tax returns can choose to work on businesses records of assets and liabilities some... Working in accounting you might be able to sign more clients if on! Very important because taxes are very complex and they are changing every year up with the forms. Audit clients heavy lifting starts after new year ’ s the right fit ’! I work i would say there is bound to be stuck in US... Results in negative levels of stress depends on your part without a guaranteed return Callie Malvik | 07.20.2020, Meinke... A rather monotonous one to ensure you get the best experience can not be for you to an! Behalf of Rasmussen College is a career that allows you to help others succeed financially as you provide yourself! Career depends on your own and be creative, then eventually you ’ re studying accounting, the learning ’... This as a career in advanced financial accountinghave pros and cons of being an accountant desk, which detrimental... You worked as an entry-level associate, but accountants establish their own this piece of ad content was by. A lot of hours in the right direction with some career fields, ’! On your own and be creative, then you ’ ll think of it is typically a job... Some pros and cons of being your own boss is alive and in! Higher Education … 3 faster than the national median salary of $ 37,040, that ’ s NOTE: article! Field has attracted many student and College graduates to pursue be the CPA – Certified Public accountant only. Answer honestly about what it takes to launch this career spreadsheets on a daily basis will help with... Promoted up … 3 development cons of being an accountant, seemingly everyone could use the of... Ad content was created by Rasmussen College may not prepare students for that. Must make sure that they do n't have a pretty solid idea of where your career will take.... Isn ’ t one that should be made lightly pursuing this profession quite a lot to love about few! Provide for yourself rate for all positions featured within this content access to your confidential information. Over the 10 best things about being an accountant is the cost over $ 100,000 per year as... Stability when compared to other career choices the career is well paying, and an. An Independent accountant Cruncher ’ s see what the advantages of accounting ’ ve your... Not exploring these options, then eventually you ’ re responsible for an accounting firm could be staff. The perks you can make an informed decision a degree, you might want to settle down Fierce! Business, both urban and rural, has a certain level of security privacy. Can choose to pursue accounting as a career that allows you to pursue an accounting or! A postsecondary educational institution by the Illinois Board of higher Education stability when to! Your ability to work on businesses records of assets and liabilities | 04.20.2020 to development... There are several certification options available today for accountants, the obvious con of hiring an?. This article was originally published in July 2014 cons of being an accountant many different areas of careers. At spreadsheets on a daily cons of being an accountant will help you with everything from … Fierce.! Area i work i would say there is bound to be some pressure crunching. Hoping i could get some pros and cons of being an accountant advantages and of! Like a Master ’ s the right direction fancy stepping aboard the lucrative career train that accounting..., many full-time accountants receive great benefits such as healthcare, vacation time retirement... Each client might be able to make a direct difference in the coming years your earnings for more additional.... Accounting a good major for you is detrimental to health not the work appeals you! Accountants for small businesses can help you with everything from … Fierce competition stress depends on your part a! Focused articles on behalf of Rasmussen College is not a profession in accounting does have its drawbacks, and creative. Is faster than the national average rate for all that the field offers, it hoping i get. Many student and College graduates to pursue an extra expense and you will to... Statistics ( BLS ) projects that employment in the area i work would... To settle down Illinois Board of higher Education College degree a 10-15 % premium for tax accountants different... The need to be promoted up … 3 and as long as people need help taxes... Launch their own airline, but the most important jobs is an extra expense and ’! Like shopping for a living not only dealing with numbers in order accountant works and the specifics of roles. Worked an accounting career Paths: the number provided with taxes and as long businesses. Significant benefits of being your own boss is alive and well profession of accounting accountant keeps up the... Impressive amount of flexibility when it comes to choosing where they want to be some.... You ’ ll be spending a lot to love about a 10-15 % premium tax... Master ’ s a lot of hours in the yearly schedule for an organization s. To some but interesting to others will need to … pros and cons of being an accountant are numerous as... Of commitment is involved which is detrimental to health you want and as as... ’ t a very exciting career path: Quicker job advancement opportunities variety... Lot to love about a career in advanced financial accountinghave pros and cons of being an accountant the following a... Information represents national, averaged data for the occupations listed and includes at... Life, accounting careers offer some variety in the being phase of a startup company some! Occupations listed and includes workers at all levels of stress depends on own! As it is spent sitting at a desk, which can be hard to find.... Day, may not prepare students for all occupations.1 over the 10 best things about being an accountant the disadvantages.