How to take the next step of your accounting career. What decides the job, education, or experience?

How to take the next step of your accounting career

How to take the next step of your accounting career? The Accounting job that you have today may not be the same after 20 years from now. There will be more updated versions and new processes. How do you make it advanced? Which option do you take next? The good news is you can fast-track your career and get the promotion you’re looking for with just a little extra effort. Jobs in the accounting industry can be competitive. 

Many students face the situation whether to pursue higher education after graduating or simply apply for a job and get field experience.

What decides a job? Education or Experience?

Education 

‘Education is not preparation for life, education is life itself’ – John Dewey

Education is everything that is closely related to earning. Not only are they more likely to grow to higher levels within the company, but a degree also increases earning power. Having degrees help you get high-salary jobs. 

Now that you have a sense of some of your career options and short-term courses in the accounting field, it’s time to decide which direction you want to go in. You don’t have to stick into an accounting position, we need promotion, we need to learn new things. You can do Master’s Courses after accounting if you wish to study more in the accounting area and get a secure career :

M.Com in Accounting and Finance (2 years): With an M.Com, you can apply for jobs in all industries in Corporate Finance or you can apply to Banks, Investment Banks, Equity Research and Advisory companies, Mutual Funds, Stockbroking firms.  you can apply for jobs in all industries in Corporate Finance.

MBA in Finance & Accounting (2 years):  By MBA, students gain knowledge and skills of both finance and business domain opening doors for career development. They get knowledge about investment strategies, insurance, and corporate risks.   You could also work as a personal financial advisor or private banker. Other possible job titles include risk analyst, credit manager, hedge fund manager, portfolio manager, treasurer, or finance officer.

Master of Commerce in Accounting and Auditing (2 years): It is post graduate account course that includes economic theory, banking system, and principles of accounting.

Master of Commerce in Accounting and Auditing job types;

  • Accountant
  • Business Analyst
  • Cashier/Teller
  • Marketing Manager
  • Finance Manager
  • Accounts Assistant
  • Corporate Analyst
  • Executive Assistant
  • Financial Analyst
  • Investment Banker
  • Assistant Accountant
  • Investments Analyst

Post Graduate Diploma in Computer Accounting & Auditing (1 year): It helps students to seek more and intense knowledge in computer applications. The diploma program enables you enough to sustain yourself in the professional world and grab a well-paying job.

Experience

Do you have any previous experience? This is the most asked question in every interview that you face. Getting higher degrees and more knowledge requires many years, even after this, everyone in interviews asking about the working experience. Every company searches for employees who are industry-ready or get an expert in the job quickly. If you have the experience in your working field you can ask or you will get a better salary package. The importance of work experience keeps us updated on the work.

Job profiles in the accounting field are as follows:

  • Finance Managers
  • Financial Controllers
  • Financial Advisors
  • Directors (Finance)
  • Certified Public Accountant
  • Chief Financial Officer
  • Chartered Management Accountant
  • Company Secretary

Working area 

  • Public Accounting
  • Audit
  • Tax
  • Budget Analysis
  • Financial
  • Management Accounting
  • Real Estate Finance
  • But to gain more experience, you need higher education to understand everything in depth.

Graduates can choose the first step, choose a 1-year accounting course like;

PG Diploma in  Indian and Foreign Accounting [PGDIFA]: It is a complete practical training course specially designed for graduates who wish to build their careers in accounting in India and abroad.

PG Diploma in Business Accounting and Taxation Course [PGBAT]: PG Diploma in Business and Taxation is the diploma course designed by expert chartered accountants that focus on practical training in the accounting domain. 

Certification in Business Accounting and Taxation [CBAT]: CBAT is the direct step to get a job in the finance and accounting domain. It is a 6 months certification course that is designed for B.Com/M.Com/MBA finance who are aiming to get a career in accounting.

After these diploma courses you need to take the next step, an advanced step, you need to choose whether you wish to study more or are you looking for a direct job.

Education and experience, both have their own values. If you’re confused about your career options, our expert team is here to assist you through your journey to excellence!

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