An accounts-related degree, such as a BS in accounting or an MBA in accounting, opens up a plethora of professional opportunities. This versatile qualification equips you with a solid foundation in financial principles, business operations and economics, and enables you to gain a strong footing in your career.
On average, it’s projected that there will be approximately 136,400 job openings for accountants and auditors, which shows the high demand for these professions in the market. Besides these two, you can do several other jobs after completing an accounts-related degree. Here are some options worth considering:
1. Chief financial officer (CFO)
As a CFO, you will play a crucial role in shaping an organization’s finances. You will oversee financial planning, manage risk, make strategic investment decisions, and interact with investors. Additionally, you will guide the company’s financial strategy and play a crucial role in decision-making.
The path to becoming a CFO requires extensive accounting experience, comprehensive business knowledge, and leadership skills. You can fast-track your career trajectory by enrolling in an MBA in accounting online. Not only does the online nature of a degree make it more flexible and manageable, but the knowledge gained from this degree also enhances your understanding of advanced accounting principles, business strategy, and management.
a) Expected salary: $135,000 – $204,000 (Varies greatly depending on company size and location)
b) Skillset & attributes required:
- Strong financial and business insight
- Excellent strategic planning abilities
- Proficient in financial forecasting and risk management
- Familiarity with legal regulations and compliance
- Proficient in financial software and databases
- Decisive and strategic thinker
- Excellent leadership and communication skills
- High ethical standards and professional integrity
- Ability to work under pressure
2. Accountant
An accountant is responsible for preparing and examining financial records, ensuring their accuracy, and seeing that taxes are paid correctly and on time. Accountants play a crucial role in streamlining the financial operations of an organization by spotting inefficiencies and suggesting improvements. It requires a keen eye for detail, robust analytical skills, and strong business know-how. This role is vital across all industries, ensuring job security and growth opportunities.
a) Expected salary: $50,000 – $70,000
b) Skillset & attributes required:
- Proficient in accounting software
- Knowledge of tax codes and regulations
- Understanding of financial analysis and forecasting
- Strong auditing skills
- Detail-oriented and organized
- Strong analytical skills
- Ability to maintain confidentiality
- Good problem-solving skills
3. Tax examiner
Tax examiners are responsible for inspecting tax filings, implementing audits, determining tax liabilities, and securing delayed remittances. Tax examiners work for federal, state, and local governments and maintain the financial integrity of these institutions by ensuring tax laws are followed correctly, tax dues are accurately assessed, and prompt payments are made. This role requires a good understanding of tax laws and excellent analytical skills and offers a great opportunity to contribute to public service.
a) Expected salary: $50,000 – $60,000
b) Skillset & attributes required:
- Knowledge of tax laws and regulations
- Proficient in financial software
- Good numerical skills
- Detail-oriented
- Ethical and reliable
- Good communication skills
- Patient and persistent
4. Business consultant
With an accounts-related degree, you can also consider a career as a business consultant. This role involves analyzing an organization’s accounting operations and providing strategic advice to improve performance and profitability. You can work with a firm that provides consultancy or start your own.
Your strong understanding of managerial accounting and business processes gained through an accounts-related degree will help you in this role. You’ll be able to identify areas of inefficiency, suggest changes to improve financial performance, and provide advice on managing business risks.
a) Expected salary: $70,000 – $100,000
b) Skillset & attributes required:
- Strong analytical skills
- Knowledge of business operations and strategies
- Proficient in financial analysis
- Excellent problem-solving abilities
- Creative thinker
- Good interpersonal skills
- Adaptable and flexible
- Confident decision-maker
5. Forensic accountant
If you enjoy detective work, consider a career in forensic accounting. Forensic accountants use their accounting, auditing, and investigative skills to examine financial statements for legal review and to solve financial crimes. Forensic accountants often work on legal issues like fraud, money laundering, or financial disputes. An accounts-related degree gives you the strong accounting foundation necessary for this role, but you’ll also need strong analytical and investigative skills.
a) Expected salary: $60,000 – $90,000
b) Skillset & attributes required:
- Proficient in accounting software
- Understanding of legal procedures and regulations
- Excellent investigative skills
- Knowledge of fraud detection techniques
- Detail-oriented
- Ethical and reliable
- Good problem-solving skills
- Persistent and tenacious
6. Budget analyst
Budget analysts help public and private institutions organize their finances by preparing budget reports, monitoring spending, and recommending budget adjustments. Budget analysts play a crucial role in ensuring organizations’ financial stability by ensuring funds are allocated efficiently and effectively. With an accounts-related degree, you’ll have the financial knowledge needed for this role.
a) Expected salary: $60,000 – $75,000
b) Skillset & attributes required:
- Excellent numerical skills
- Proficient in financial software
- Understanding of financial analysis and forecasting
- Knowledge of budgeting and financial planning
- Detail-oriented
- Good communication skills
- Strong analytical skills
- Organized and efficient
7. Entrepreneur
Contrary to popular belief, an accounts-related degree can also serve as an excellent springboard for entrepreneurship. Sound financial management is the backbone of any successful business. With your financial planning, budgeting, and analysis skills, you’ll be well-equipped to start and manage a business. Whether it’s a startup in the tech industry or a small business in your local community, your accounting skills can be indispensable to your growth.
a) Expected salary: Varies greatly depending on the success of the business
b) Skillset & attributes required:
- Knowledge of business operations and strategies
- Understanding of financial management
- Excellent leadership abilities
- Strong decision-making skills
- Risk-taker
- Visionary and creative thinker
- Resilient and persistent
- Self-motivated
Conclusion
An accounts-related degree is a valuable asset that can help you land many career options. The opportunities are vast, from traditional accounting roles to more specialized positions in finance, tax, and even entrepreneurship. As you embark on your journey with an accounts-related degree, remember that continuous learning and adaptability will be your best allies. Stay updated with the latest industry trends, be open to new opportunities, and never underestimate the potential of your degree.
