Choosing a career in accounting is like propelling oneself towards a broader world of opportunities. To be a good accounting professional one must have the aptitude for mathematics, be able to comprehend and analyse facts and figures quickly and interpret the results into business decisions and strategies.
In the last couple of decades the field of accounting has changed drastically in response to trends such as government regulations, changes in tax laws, the globalization of business and the restructuring of small and large corporations.
Here are the top four reasons that justify how accounting jobs available in Hong Kong will positively impact your career.
Increasing demand for accountants
The increasingly aggressive business climate today has amplified the demand for accounting skills across the world. Accountants are no more projected as the “stodgy nerds with big-rimmed glasses”. Accounting has grown into a robust career and accountants have grown to assume more coveted roles such as management consultants, financial experts, tax professionals and so on. The Bureau of Labor Statistics in the United States has projected an increase of 13% in accounting and related fields by 2020.
Choice of career areas
Accountants are never tied to one location or interest area. The diversity of the accounting needs in almost every country allows accountants to choose from a wide variety of job opportunities. Accountants can choose to work in an accounting firm, a corporate management firm, in the government, become an entrepreneur or work as a freelancer.
The growth tangent in an accounting career moves up quickly when compared to other fields. Graduates who start out as trainees showcasing their flair for the field move up the ladder as managers, directors and sometimes start their own accounting firm. Exclusive portals like eFinancialCareers help accountants and finance professionals to stay updated about the various new courses and trends dominating the growth path in the industry.
High compensation levels
High job security and high levels of compensation are the most often cited reasons for taking up an accounting career. A recent research has stated that top accountants in the US earn nothing less than $100,000 dollars per year.
The mobility and flexibility associated with an accounting career makes it the most sought after profession. Accounting professionals are in demand everywhere and therefore with the right kind of skill set accountants can hail a job anywhere in the world. Accounting is not everyone’s cup of tea but for the right person, it is one of the best career choices.