Top Five Accounting Careers
If number crunching is second nature to you, an accounting career may be just right for
you! Among other things, an accounting career also puts you in the position of ensuring
that your company is in line with the latest developments in tax and financial laws.
Charting a career path down the accounting road is a lucrative and rewarding option for
many. Tax and financial laws keep changing all the time - and it is one of the
responsibilities of an accountant to make sure that his company matches their financial
management style to comply with these laws.
However, within the scope of accounting careers, there are several options that you can
pursue - sort of like a specialization within the specialization. The top five accounting
career options are: becoming a staff accountant, or an internal auditor, or an external
auditor, or a compliance executive, and finally a financial analyst.
Staff accountants are amongst the top most career options available in accounting
careers. Staff accountants are the key people maintaining the accounts within an
organization. They process the basic information right from journal entries and assist
with creating the different financial reports required for businesses. Staff accountants
also need to have basic and working knowledge of the different laws and compliance
requirements. Usually, a staff accountant has a Bachelor's Degree and has experience in
public accounting. The salaries on offer may range from approximately $41,000 to $52,000.
Internal auditors should ideally be Certified Internal Auditors, along with having a
Bachelor's Degree and up to 2 years of work experience in a relevant field. The Internal
Auditor performs important functions like controlling costs and meeting compliance
requirements. An Internal Auditor is also responsible for maintaining operations
efficiency, reliability of financial reporting, along with fraud determination and
investigation. They can also advise the Board of Directors on how to better execute their
responsibilities. Salaries on offer for Internal Auditors may range from approximately
$77,000 to $101,000.
External Auditors are usually people from outside the company who inspect a company's
accounts and records and make required recommendations. External Auditors report on
whether a company's accounts are maintained correctly and not fraudulent. These are
independent people who perform an exhaustive appraisal of a company's accounting
processes, procedures and records. An External Auditor garners a lot of respect from his
colleagues and peers. Salaries for an External Auditor range from approximately $48,000 to $63,000.
A Compliance Executive will ensure that a company is following the different guidelines
laid down by the law in maintaining their accounting processes and records. A Compliance
Executive also helps companies in the process of achieving compliance with the different
legislations in effect. The Compliance Executives report to the U.S. Securities and
Exchange Commission. Salaries for Compliance Executives usually start at approximately
$111,000 and may go on to $180,000 - depending upon the size of the company.
Financial Analysts help company executives and officials with different budgeting and
forecasting analyses that are required to plan their initiatives and to increase
profitability. They are also often referred to as Investment Analysts or Securities
Analysts. Financials like prices, costs, expenses and taxes are taken into consideration
for determining the company's value and for projecting future trends and earnings.
Salaries for Financial Analysts may range from $55,000 to $73,000 - depending on the size
of the company.
With all these top accounting career options, you will be sure to succeed in your
To know more about various top accounting programs offered visit
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