Accounting majors have a lot to look forward to with respect to getting the proper education in order to track down the job they really want in their chosen field. But while it is all well and good to have designs on becoming an accountant after you graduate, it is always a smart idea to see what kind of prospects are waiting for you in the real world. Employment trends can tell you a lot about an industry and the career outlook for those who are trying to break into the business. For accounting majors, have no fear, there will always be a demand for your services. But it is finding the right job at the best and most prestigious firms that could have you scrambling to beat out the competition.
An accountant is tasked with managing the financial records of an individual or organization while also ensuring that any and all taxes are completed correctly and paid by their due dates. Accountants are also responsible for keeping the financial house in order by making sure all the monetary aspects pertaining to the client run smoothly and efficiently.
Whether you’re pursuing Maryville’s online bachelors in accounting or taking classes on campus at UC Santa Barbara, you have a number of options when it comes to getting a degree in accounting. The majority of employers in the workforce will expect prospective applicants to have, at the very least, a bachelor’s degree in accounting. But it can be a tough job market, so smart future job candidates will take steps to help them stand out from the competition. That can include being specialized within a certain field, like taking the exam to become a Certified Public Accountant.
Accountants will always be in high demand. Employment prospects for accounting majors are projected to increase by 11% between the years of 2014 and 2024. That rise represents a faster increase than the average of just about every other occupation combined. This is due in large part to the constant changes in a highly complicated and ever-evolving tax code, a rise in regulations on industry, the spread of the global economy, and an uptick in our economy here at home. Basically, the success of the accounting field is directly related to the well-being of our country’s economic health. When businesses are booming and stocks are on the rise, more accountants will be hired to prepare and supervise their financial documents.
Compliance with state and federal statutes and regulations will also motivate growth in the accounting field as organizations will need to be in compliance with updated rules and regulations governing the way that businesses big and small operate on a daily basis. That means more audits and possibly increased borrowing to help these businesses expand. Accountants are an integral part of a business as it grows to reach a wider customer base, watching over the increased budgets and expense reports that can come with new locations and bigger marketing campaigns.