Industry accountants<\/strong>, who work in the financial team of a single company across all sectors. This is a good option if you want to combine two passions or interests. If you love fashion, computers, or sports, then you could find an Industry Accounting role in a company that matches your interests, for example.<\/p>\n<\/div>\n<\/div>\n Practice accountants, <\/strong>who work for themselves and handle the accounts for a variety of clients. This can be a preferable choice if you enjoy a varied role with differing challenges, as you can work with all kinds of businesses across many sectors. KPMG is an example of a practice accountancy firm.<\/p>\n<\/div>\n<\/div>\n <\/p>\n <\/p>\n As you might expect, all positions in accountancy deal with numbers and finances to varying degrees. What you do with the data is dependant on the kind of specialism you choose. To start with, there are two kinds of accounting which can affect the kinds of roles available:<\/p>\n Within these fields, roles are then specialised into auditing, tax affairs, corporate financing, forensic accounting, and more. Generally speaking, financial accounting is where most new or recently graduated accountants start their careers.<\/p>\n <\/p>\n Most mid-level Accountants can earn an average annual salary of \u00a360,000 (UK), or $75,000 (US), give or take. That said, this can be dependent on what kind of company you work for and where they are based. If you don\u2019t have any formal, recognised accounting qualifications, then average earnings are lower at around \u00a340,000 per year\/ $50,000 per year.<\/p>\n Do note, however, that most accountants receive additional financial benefits, such as bonuses, on top of a salary. These bonuses can be based on individual performance, team performance, departmental goals, or company-wide targets. The specific criteria for earning a bonus can vary from company to company.<\/p>\n In terms of specialisation, there isn’t much difference in earnings whether you choose Industry or Practice accounting. This is also true for salary growth potential.<\/p>\n Genderwise, women earn less than men in both Industry and Practice accounting. As of 2023 the median pay gap in the UK was 9.7% and 12.5% in the US. Accountancy firms face a gender imbalance at senior positions, with significantly more men than women holding such roles. However, this disparity is not reflected at the junior levels, indicating that recruitment is not the main issue. The challenge lies in retaining and promoting women within the field. To address this, firms are implementing strategies such as mentoring, support networks, family-friendly policies, and establishing targets to increase female representation in leadership positions.<\/p>\n In the UK, starting salaries are high compared to most sectors, with the average salaries of part qualified accountants coming it at around \u00a328,000. In the US the average starting salary for a qualified accountant with a Bachelors degree is around $52,000 per year. There are also lots of opportunities for career progression in accounting. In addition to working up to mid-range and senior roles as you gain your chartered qualification, there is the possibility to specialise in either Industry or Practice accounting. Both offer different challenges, which means even when you\u2019re experienced, there’s a lot to explore career-wise. You can generally expect to reach the top end of accountancy roles after around five years, with management prospects coming into play after this time.<\/p>\n <\/p>\n UK<\/strong><\/p>\n Generally speaking, it\u2019s best to get the formally recognised qualifications if you\u2019re planning a career in accounting. That said, while a degree can be useful, it isn\u2019t essential. If you\u2019re coming from a background with no qualifications or secondary education, then you can study for the starter courses through an accounting organisation. Having maths or economics at A-Level will be helpful. The most common accounting qualifications are:<\/p>\n AAT courses are the minimum level qualification you\u2019ll need. As mentioned, one of the main advantages, when training to be an accountant, is that you can do so while you work – the AAT and ICAEW require on the job training as well. Being able to learn practical skills and apply them while still studying is certainly an effective and less stressful way to learn – you won\u2019t have to worry about money or funding either, which is certainly a plus.<\/p>\n <\/p>\n US<\/strong><\/p>\n In the United States, pursuing a career in accountancy often involves seeking relevant qualifications and credentials to enhance professional prospects, this might involve:<\/p>\n Obtaining a Bachelor’s Degree<\/p>\n Consider Additional Credits for CPA Certification<\/p>\n Pursue a Master’s Degree (Optional)<\/p>\n <\/p>\n The following skills will be useful whatever you choose to focus on in your accounting career:<\/p>\n It can also be useful to develop your leadership and management skills going forward, especially if you\u2019re considering moving into management accounting or aiming for partner level.<\/p>\n <\/p>\n Most accountants work varied hours, as demanded by the task at hand. This means that while often your standard hours will be listed as 9-5, it\u2019s quite common to work outside of these depending on what needs doing. Flexible working tends to be an option at most firms as well, especially as you progress up the career ladder.<\/p>\n <\/p>\n Any major cities and large towns are good locations for aspiring accountants, although the major financial center’s in the UK like London, Manchester, Birmingham, Edinburgh and Cardiff tend to have more concentrated opportunities. The best overall location will greatly depend on what kind of role you\u2019re looking for, but larger urban centres are essential if you\u2019re looking for work in the big four (see below).<\/p>\n <\/p>\n Known as The Big Four, the most well known, and largest, accountancy firms operating globally are:<\/p>\n These additional firms are also well respected, sizable, and offer some excellent career opportunities:<\/p>\n <\/p>\n If you’re actively looking for accounting roles right now, then make sure to <\/span>sign up with us<\/span><\/a>, and have a look at the\u00a0<\/span>latest accountancy roles on offer<\/span><\/a> today. Don’t forget to check through our Ultimate Jobseeker Guide<\/a> too. Accountancy is at the heart of all businesses. Every company has an accounts department, and these can vary in size from a handful of individuals …<\/p>\n","protected":false},"author":3,"featured_media":813,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,25],"tags":[],"class_list":["post-812","page","type-page","status-publish","has-post-thumbnail","hentry","category-careers","category-sectors"],"acf":[],"_links":{"self":[{"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/pages\/812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/comments?post=812"}],"version-history":[{"count":25,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/pages\/812\/revisions"}],"predecessor-version":[{"id":3311,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/pages\/812\/revisions\/3311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/media\/813"}],"wp:attachment":[{"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/media?parent=812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/categories?post=812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/joblookup.com\/explore\/wp-json\/wp\/v2\/tags?post=812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"A](\"\/explore\/wp-content\/uploads\/2019\/10\/1571-1024x682.jpg\")
<\/p>\nPotential Roles in Accountancy<\/h2>\n
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Salary and Career Progression<\/h2>\n
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\nYour starting salary will depend on the size and type of organisation you choose to work for, as well as the sector you work in and the location of your office.<\/p>\nQualifications, Education and Experience<\/h2>\n
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![\"An](\"\/explore\/wp-content\/uploads\/2019\/10\/17752-1024x682.jpg\")
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Skills<\/h2>\n
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Working Hours<\/h2>\n
\nNotable Locations<\/h2>\n
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\nAccounting positions in the United States are sought after in multiple locations, showcasing the country’s diverse economy and business environment. As per the Bureau of Labor Statistics (BLS), the primary American cities with high demand for accounting jobs include New York, Chicago, Washington D.C., Los Angeles, and Houston.<\/p>\nNotable Companies<\/h2>\n
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Next Steps<\/h2>\n
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