Are you looking for an exciting and challenging accounting position? Entry-level accounting positions can provide you with a wealth of opportunities to grow and develop your skills in the accounting industry.
When it comes to making a career choice in accounting, it’s essential to think about what you want out of your job. Public accounting may be a better choice for those who want to work with various customers. Alternatively, private accounting may be a better option for those specializing in one area. Whichever route you choose, make sure you begin seeking entry-level positions in the accounting field so you can start your career off on the right foot.
If you’re looking for an entry-level accounting job, take a closer look at these options:
Public Accounting
People worldwide rely on public accountants for their auditing, tax, and forensic accounting needs. Tax preparation and planning, auditing, and financial planning are in-demand specialities in public accounting.
Public accounting is a great career choice for those who want to help businesses with consumer assistance programs and shifting compliance requirements. It offers a competitive salary and benefits package, as well as the chance to work with high-profile clients. Despite the task’s difficulty, be aware that it is worth it in the end. Work-life balance is an issue for many public accounting businesses, yet public accounting can be a rewarding career – with long hours and great pay.
Private Accounting
There are many opportunities for private accountants. Working for a single firm or industry is just one of them. As an entry-level accountant, you can work for a small family enterprise or a major national corporation. Although you don’t need a CPA license to work in a private company, corporations generally pay more excellent compensation to accountants with this and associated skills.
Accountants can play various roles in the private sector, from helping businesses negotiate real estate deals to handling federal and state tax concerns and communicating with lenders. Similar to public accountants, private accountants may experience long hours and demanding expectations. However, private accountants are not constantly pressured by customers to decrease their rates and hours, unlike public accountants.
Financial Services
In today’s economy, banking, lending, and investing sectors constantly need talented accounting specialists. With mortgage rates dropping, the need for mortgage and loan modification professionals is also increasing. Risk, compliance, audit, fraud, and forensics experts are critical to maintaining a healthy and safe financial sector. Commercial banking positions vary from bank tellers and retail loan officers to commercial credit analysts and commercial bankers. Fund administration, clearing and settlement, asset management, collateral and derivatives are all investment banking specialities.
Healthcare, Nonprofits and Government
The field of healthcare accounting is diverse, and especially in revenue cycle jobs, the adoption of telemedicine is increasing the need for tech-savvy accounting and finance experts. You may start in a medical payroll position, but you can move up to supervisor, manager, director, or vice president of the revenue cycle with the right skills.
On the other hand, there are many opportunities for a career in accounting and finance, whether private or nonprofit. Nonprofit organizations rely on accountants to keep track of donations, membership fees, and other sources of revenue. This plays a significant role in ensuring the organization can function effectively.
Many government organizations look for qualified experts to fill in for those who have left the workforce and financial specialists to aid in the modernization of their systems. Governments at all levels employ entry-level accountants to help manage the financial affairs of their organizations.
Finding Entry-level Accounting Jobs
The accounting field is constantly changing, so professionals can always look forward to acquiring new skills and getting more experience. A supportive network is vital when looking for an entry-level accounting position—partner with an accounting and finance recruitment agency to get expert advice and maximize your chances of success. As a job seeker, you’ll benefit from the recruiter’s insight into what businesses are looking for in today’s market.
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