By Morgan International Staff Writers
Thought accounting was boring? Here are out top seven reasons that’ll prove otherwise.
Getting qualified opens up a world of opportunities
Before J.P. Morgan went on to become one of the most famous figures in the world of finance, he started out as a junior accountant on Wall Street. And he is not alone; dig deeper into the world of accountancy and you’ll find there are many like Morgan who went on to achieve great things. In fact, whether you choose to stay in the accountancy field, set up your own business, or branch out in a completely different direction (like accountancy graduate turned best-selling author John Grisham), the consensus is that accountancy sets you up with skills for life and a vast range of opportunities.
Being a detective
Did you know, for example, that passing the CPA (Certified Public Accountant) exam is one of the areas of expertise considered essential for becoming an FBI agent in America? Thomas J Pickard, who reached the second highest position in the FBI, is a CPA, and used his skills to investigate white-collar crime along the way to reaching his prime position.
Maybe you secretly wish to be a part of the entertainment world or rub shoulders with celebrities: finance and accountancy can still secure those dreams for you. Achieving Certified Management Accountant (CMA) status can be one way to enter a high-level accountancy or finance job in any domain. A CMA, for example, paved the way for Colin Kotchik’s appointment as Senior Finance Manager at Nike, which gave him the opportunity to meet Kobe Bryant (who was even nice enough to sign him a pair of his shoes for him). Monique Keshishian, on the other hand, used her CMA to become a Senior Financial Analyst at Warner Bros. Records, which means alongside putting together financial reports she’s also spent time in the studio with top name artists.
Aiming for the board
Indeed most audit / accountancy-related qualifications set you up for multitude of career avenues. Being a Certified Internal Auditor (CIA) is a profession whose skill sets are highly transferrable to other departments within an organization. That’s because the work of a CIA involves spending time working with people in various departments, getting to understand the risks and opportunities of each, and learning about company operations inside out. This broad knowledge can not only be useful for moving careers, but eventually can propel a CIA towards a board position.
CEO in sight
If taking your accountancy career further into the world of finance is your goal, Chartered Financial Analyst (CFA) is the qualification to look for. It’s widely regarded as the key certification for professionals in investment, especially when it comes to research and portfolio management. It is also your key to unlock careers in insurance companies, pension funds, banks, universities, or even governments (in the areas of public policy and regulation). A good percentage of CFAs also end up as chief executives.
Globally in demand
If you’ve got an eye on the future and your role as an accountant in it, the DipIFR stands out as a qualification that offers global opportunities. The certification is designed to give you the knowledge to apply International Financial Reporting Standards, the set of standards that are currently required or permitted for use by publicly-traded companies in more than 113 countries.
More popular than ever
Today it’s clear that the sky is the limit with accountancy careers, and there’s a wealth of qualifications available to get you started or further your career options. Earlier this year global exam results for ACCA (the Association of Chartered Certified Accountants) showed that a record number of students around the world had successfully completed their final exams. It seems that news is finally out that accountancy is one of the hottest, most versatile fields to be in.
Unsure about the right qualification for you? Contact our team today for a one-on-one career consultation session.