Career Paths in Finance and Accounting

If you’re a highly organized and detail-oriented individual with a knack for numbers and accuracy, you may be looking for the right career path in finance or accounting.

While they differ slightly in terms of day-to-day responsibilities, professionals in both the finance and accounting fields handle large amounts of numerical data and apply quantitative reasoning skills on a daily basis.

If you’re interested in this type of work but aren’t sure where to begin your job search, there are a few standout options you should consider adding to your short list.

1. Business Analyst

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 recommendations and predictions to companies.

If you’ve just completed a finance program or are looking for a program online to jump-start your career, you may want to 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 truly enjoy.

2. Auditor

Open any accounting career guide and you’re sure to find the job of auditor at the top of the list.

This classic accounting career involves evaluating companies’ financial records as an unbiased third party in order to ensure accuracy and honest representation of their financial state.

As an auditor, you’ll likely be responsible for combing through such documents as income statements, cash flow statements, balance sheets, company policies are more.

You’ll learn to identify misrepresentations, mis-classifications and even cases of fraud. If you have an interest in forensic accounting, this job could suit you particularly well.

3. Budget Analyst

Budget Analyst
If you enjoy poring over budgets and identifying places where you could be saving money to reduce debt or increase profitability, a role as a budget analyst could be to your liking.

Budget analysts can work in a wide variety of organizational structures, from nonprofits to national chains to higher education institutions to local and federal government agencies.

This role typically requires a high level of 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.

4. Tax Specialist

Tax Specialist
Finally, if you want a stable job that’s consistently lucrative and in demand, you may want to consider becoming a tax specialist.

Tax season is guaranteed to come around every year and many individuals and corporations need help ensuring the accuracy of their tax returns or the minimizing of 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.

Whether you’re interested in government work, nonprofit organizations or typical corporate analysis positions, you’re sure to find fascinating, stable and lucrative work in just about every sector.

If you’re trying to decide which finance or accounting career path is right for you, keep these popular options in mind and you’re sure to find the best one for your talents and interests.

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