There is no lie that these days banking sector is considered as the fastest growing sector which offers huge scope and lots of career option which one can opt for their bright future. There are numerous fields in this such as Accounting, Finance, HR, Loan officer etc. Among all of these, the career in accounting is a great choice because of its huge demand.
Accounting is defined as an organized way to keep records of business transactions, Analyze, verify and report the financial result. The purpose of accounting is to help others to take better decision related to financial transactions.
What is an accountant do?
They are involved in the range of activities such as cost accounting, quality management, Cost computation and many more. They manage the information, examine the financial operations, preparing tax returns and solve the issue of users, suggest those better ways to reduce costs, revenue and improve profits.
They work with individuals, small corporations, large corporations, and government agencies to prepare and maintain the financial and tax documentation.
Education Requirement to get started:
Education required to start a career in this a bachelor degree in management background. Earn a bachelor degree to start your career in this; it is the first step which you need to take in order to get into this field. Familiar with all types of software’s, tools and techniques in this. With the technical aspects, you also need to improve your soft skills in order to grab the best job opportunity. There are various accounting colleges in India which offers an undergraduate and post-graduate degree in commerce. Colleges offer both correspondence and regular courses also. Bachelor degree is enough to become a part of any private sector company or bank but to get the job in government sector one needs to complete post-graduation degree too.
Job prospects & career Options:
Making a career in accounting is a smart decision because this field is continuously growing that increases the opportunities in the job market. There are so many Accounts jobs available you can find in this field. There are various different career options in this such as-
- Accounting Assistant
- Accounts Payable Clerk
- Accounts Receivable Clerk
- Budget Analyst
- Certified Internal Auditor
- Chief Financial Officer – CFO
- Forensic Accounting
- Government Accounting
- Payroll Clerk
- Staff Accountant
- Tax Accountant
For getting jobs in public sector one needs to clear entrance exam of a particular bank.
Being an accountant candidate can get a job in both public as well as in private sector. These people are always in demand, with the financial world companies also need smart and efficient candidates to provide support to the companies.
Salary of an accountant may vary according to a different job post and may vary according to your skill and qualification. As a trainee, one can start with a salary of Rs.8000-Rs.150000. one can command a higher salary as the experiences raise, generally, MNCs and private companies pay higher.
Some top accounting companies:
- Ernest Young
- Jiya and Associates
- Paul & Martin Consulting Group
- Singh Agarwal & Associates
- Chatrath Capital Services Pvt. Ltd
With the above-mentioned information, candidates can easily make a great future in accounting and attain great placements in top companies. This will help the candidates in getting major opportunities and secure a great future.
Khushboo Setiya is an online media enthusiast and a blogger who closely follows the latest Career Guidance and Job trends In India and online marketing trends. She writes about various related topics such as job opportunity in India, Career Topics, Job Search and much more.