… Most businesses and virtually all government agencies require the assistance of an accountant regularly. Every industry has its problems, however, and many accountants are willing to put up with the unique complications of their industry in order to earn the impressive wages that accompany a Master of Science in Accounting. So how does an accounting career stack up? No matter your favored work setup, you can pursue it as a Master of Science in Accounting graduate. Potential for more job and advancement opportunities. Against the national median salary of $37,040, that’s an impressive amount of upside.1. Think of it like shopping for a new car—some people seek dependability and safety while others crave performance and speed. Accountants are in demand everywhere meaning it’s … You job is restricted to sitting at a computer for long hours and looking at data. Being an accounting may not give you the freedom and flexibility as other roles. Work might be slow during some months, but others will be incredibly busy — and you’ll be stressed as a result. Learn more about a few of the perks you can expect by pursuing this profession. This piece of ad content was created by Rasmussen College to support its educational programs. So we’re here to help break down what each entails and what the pros and cons … Forensic accountants with accredited degrees are at high demand due to the increasing rates of frauds that take place these days. While it’s true that there’s an ever-increasing need for accountants, the number of employers seeking graduates is also high. According to the U.S. Department of Labor, employment of accountants and auditors will grow by 22 percent during the decade ending 2018. Pros. This provides excellent preparation for what could also be a stressful career. 1Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, [career information accessed February 12, 2019] www.bls.gov/ooh/. Employment conditions in your area may vary. It is growth to the relevant field and helps in finding a good job. This is one of those questions in which you’ll need to look within yourself and answer honestly about what works for you. EDITOR’S NOTE: This article was originally published in July 2014. Please select another program of interest. Lack of Flexibility. But recognition and glitz aren’t everything. The BLS reports that most accountants work full-time, around or over 40 hours a week. Assignment # 3 Worldcom Accounting Scandal 1486 Words | 6 Pages. A notable Chartered Accountants’ Benevolent Association study found that the majority of accountants experienced stress due to their job, with 77 percent citing long hours as their primary concern. Rasmussen College is a regionally accredited private college. Accounting is not a profession that’s going away anytime soon. There is no mandatory requirement set by the regulatory authority on companies to conduct forensic accounting. Are you, your spouse or parent (if you are 24 or younger) associated with the U.S. Military? Career opportunities are very favorable. Whether you desire 9-to-5 work or entrepreneurial adventures, an exciting and prosperous career path awaits. Try to honestly assess your attitude toward pressure and heavy workloads. This website uses cookies to ensure you get the best experience. The day-to-day work requires a lot of investigating and math, which can be boring to some but interesting to others. That means you might finish your master's program in less time than you might at a traditional school. 1. As the need for more accountability, transparency and controls in financial reporting increases, all types of accountants--public, management, government, internal auditors--will be in demand. One of the most promising benefits of a career in accounting is job security. There is a lot to love about accounting, but it’s not all roses. John P. Burke School of Public Service and Education, Financial Literacy & Responsible Borrowing, Center for Career & Professional Development. … Take even a few years off and your knowledge may prove out of date. So is accounting a good major for you to pursue? Check out Accounting Career Paths: The Number Cruncher’s Guide. She earned her MFA in poetry and teaches as an adjunct English instructor. For years, ever since we began surveying accounting professionals, accountants have cited "the busy season hours" as the main con of working … Other opportunities such as financial management could lead to virtually guaranteed six-figure incomes. Rasmussen College may not prepare students for all positions featured within this content. Box 2540 Waterbury, CT 06723, © 2020 Post University. But that pressure and stress can have an impact on your overall mental health, and deserves consideration. A few notable downsides accompany the many benefits highlighted above. If you choose to pursue an accounting degree, you’ll have a pretty solid idea of where your career will take you. If you become an accountant, the learning doesn’t stop once you’ve earned your degree. 05.04.2020, Ashley Brooks | Think carefully before you select a graduate program so that you’re prepared not only for the rigors of your academic journey, but also years of challenges (and rewards) in the accounting field. CMA vs. CPA - Requirements & More. The dream of being your own boss is alive and well in the profession of accounting. For some jobs, you need a master… 800 Country Club Road P.O. As of 2016, the BLS reported median pay of $68,150 per year for accountants and auditors. in Accounting Programs … Pros And Cons Of Career In Accounting 1238 Words 5 Pages Professor: Mr. David Capriola November 23, 2015 Career in Accounting “Accounting is the practice or profession of maintaining financial … Travel the world. 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