Overview of the accounting profession
3. Corporate and governmental accounting careers
If public accounting doesn’t interest you, working for a business or the government might be a better fit. These positions entail a mixture of accounting/bookkeeping, tax work, financial analysis, and consulting. You could also be an internal or governmental auditor. Generally, corporate positions require at least a year of experience because many businesses don’t want to spend time training fresh accountants. Federal agencies, on the other hand, are more willing to train new hires.
Although the CPA certification certainly won’t hurt, other certifications such as Certified Internal Auditor or Certified Management Accountant may be more helpful for the particular needs of the business or government entity.
4. Academic careers in accounting
Another career choice may be in academia. For example, you can be interested in teaching accounting at a community college or a university. A Master’s degree in accounting may be sufficient for that. A step further would be to obtain a PhD in accounting. PhD programs require about five years of studies and are known to be intense and time-consuming. Once a student graduates from a PhD program, the student finds a job in a university where he/she teaches and/or performs accounting research. In addition to teaching and doing research, accounting professors can also publish textbooks or assist organizations (e.g., PCAOB) in the area of their expertise. Finally, accounting professors can perform consulting work (e.g., tax consulting).
- What are career opportunities in accounting?
- The CPA exam
- Overview of the accounting profession
- Does talent acquisition problem exist in internal auditing?
- Are there changes in the work-life balance and attractiveness of public accounting?
- U.S. states with the highest salaries for accountants and auditors
- Best paying industries for accountants and auditors
- How to start an accounting career