Finance and accounting are two closely related fields that play a critical role in the success of any organization.
They involve the management of financial resources, including the recording, analyzing, and reporting financial data.
A career in finance and accounting can be both challenging and rewarding, with numerous opportunities for growth and advancement.
From investment banking to public accounting, the finance and accounting industry offers various career paths to suit different interests and skill sets.
4 Interesting Career Paths in Finance and Accounting
Suppose you’re a highly organized and detail-oriented individual with a knack for numbers and accuracy. In that case, you may be looking for the right career path in finance or accounting.
While they differ slightly in terms of day-to-day responsibilities, finance and accounting professionals handle large amounts of numerical data and apply quantitative reasoning skills daily.
Suppose you’re interested in this type of work but need help determining where to begin your job search. In that case, consider adding a few standout options to your shortlist.
We’ve explored some of the most common career paths in finance accounting and the skills required to succeed in these roles.
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#1. Business Analyst
If you’re interested in how companies mitigate risk and increase profit margins, a role as a business analyst could suit you well.
Business analysts are responsible for combing through large amounts of data and extracting meaningful information to make company recommendations and predictions.
Suppose you’ve just completed a finance program or are looking for a program online to jump-start your career. In that case, you may consider looking into business analyst roles.
Another advantage is that business analysts can perform similar responsibilities across several sectors, so you can find an industry that you genuinely enjoy.
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#2. Auditor
Open any accounting career guide, and you’ll find the auditor job at the top of the list.
This classic accounting career involves evaluating companies’ financial records as an unbiased third party to ensure accuracy and honest representation of their financial state.
As an auditor, you’ll likely be responsible for combing through documents such as income statements, cash flow statements, balance sheets, company policies, etc.
You’ll learn to identify misrepresentations, misclassifications and even cases of fraud. This job could suit you exceptionally well if you are interested in forensic accounting.
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#3. Budget Analyst
Enjoy poring over budgets and identifying places to save money to reduce debt or increase profitability. A role as a budget analyst could be to your liking.
Budget analysts can work in various organizational structures, from nonprofits to national chains, higher education institutions, and local and federal government agencies.
This role typically requires high organizational skills and attention to detail. It’s also well compensated. According to the Bureau of Labor Statistics, budget analysts brought home a median annual salary of $76,220 in 2018.
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#4. Tax Specialist
Finally, suppose you want a stable job that’s consistently lucrative and in demand. In that case, you may want to consider becoming a tax specialist.
Tax season is guaranteed to come around every year. Many individuals and corporations need help ensuring the accuracy of their tax returns or minimizing their tax liability.
If you’re detail-oriented, well organized, enjoy working with data and have a talent for quantitative analysis, a career in the finance or accounting fields could be the right fit for you.
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Whether you’re interested in government work, nonprofit organizations or typical corporate analysis positions, you will find fascinating, stable and lucrative work in almost every sector.
If you’re trying to decide which finance or accounting career path is correct, keep these popular options in mind. You’re sure to find the best one for your talents and interests.
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