If you were undertaking a degree in accounting, you might be interested in learning about the different careers you can choose after completing your studies. There are different career options that an accounting graduate can choose depending on their interests.
Below are some of the careers that someone with an accounting degree can consider:
1. Financial Analyst
If you’re knowledgeable about the stock market, you are well suited to becoming a financial analyst. In such a position, you get to look into the benefits and risks of certain investment opportunities. The main focus is on purchasing and selling investments.
As a financial analyst, you’ll examine the financial gains and keep track of the losses of certain mutual funds, stocks, and estates. The financial analysts usually prepare reports while issuing recommendations based on the data they have analyzed. They also keep a close eye on market trends, and they can advise clients on whether they should sell or buy into a specific investment.
To become a financial analyst, you should major in accounting and finance. The specializations work well together, and different business schools usually combine them. After completing your undergraduate studies, you can enroll for a master’s in accounting and finance. Keep in mind that there is a high demand for financial analysts so earning a masters degree is a plus.
2. Personal Financial Advisor
As a financial advisor, you ensure that people can make the right decisions regarding their finances. Through your help, people can attain their goals. A personal advisor mainly plays a crucial role in formulating retirement plans and accounts, including education funds and IRAs. After assessing a client’s financial situation, the financial advisor can offer some advice and recommend financial commitments and products to enable them to attain their goals.
If you aspire to become a personal financial advisor, you should have completed your undergraduate in accounting and also have a CPA license. The CFP certification comes in handy, although it is not paramount. Nevertheless, such credentials showcase your level of seriousness, and you can easily attract numerous clients. The demand for such professionals is very high. Many accountants also choose to use this exceptional accounting practice management software as it makes doing accounts much quicker and easier, so it’s an excellent choice for any level of accountant.
3. Anti-Money Laundering Officer
Some laws have been put in place, and they focus more on how financial institutions are supposed to record financial transactions. The main focus is on tracking money laundering activities. In the 21st century, there are anti-money laundering officers, and they play a significant role in stopping money laundering activities that relate to international terrorism.
As an anti-money laundering officer, you will be tasked with coming up with the procedures on finding out whether money laundering is taking place or not. You’ll also ensure the bank reports and records all transactions while also issuing a report on the transactions that seem fishy.
Considering there are financial businesses that have gone online, the anti-money laundering officers should have intense training to quickly analyze data and have a better understanding of different issues that may arise from time to time. The anti-money laundering officers also have to work closely with the government agencies such as the Secret Service and Homeland Security. In this case, you should have studied finance and forensic accounting. The demand for such professionals is high.
Final Thoughts
We have looked into some of the career options that you can try out after completing your undergraduate studies in accounting. The demand is relatively high, and you can easily get an employment opportunity as long as you excelled in your studies.