Have you decided what career path to take yet? If not, becoming an accounting professional could be the career for you. Some of the world’s leading business figures started their careers as accountants and this career path has the potential to provide you with opportunities that other careers don’t offer. Below are five reasons why you should consider a career in accounting.
1. It’s an In-demand Profession
As long as there’s money, there will always be a need for accountants. Every type of business and organization needs an accountant to help them with their finances and bookkeeping duties. This means that once you qualify with a qualification like a masters degree in accounting from a recognized college or university such as Maryville University, it’s highly unlikely that you will ever be out of work.
2. You Have More Travel Opportunities
Completing an accredited online masters degree in accounting or a similar accounting course that is recognized by organizations around the world gives you the opportunity to work in other countries, as well as your own country. This is the perfect solution for newly qualified accountants who want to see the world before they settle down or older accounting professionals who have a family that has just left the nest.
3. You Have More Options
Many people work in the same job for their entire lives and don’t get the opportunity to work in different roles or progress in the company that employs them. This is not the case for accounting professionals.
Once you become a qualified accountant, the world is your oyster. You can work for almost any type of employer or you could decide to work for yourself. As well as this, you can branch out into another area of finance, which may prove to be an even more successful and lucrative career move.
4. You Will Be More Financially Aware
Unfortunately, many people work hard their entire lives and have very little to show for it. However, accountants understand how money works and they become more aware of their finances. They have the knowledge required to protect their own money and make the right investments, which people from a non-financial background are not always able to do effectively.
5. You Will Have a Better Lifestyle and Better Standard of Living
Accounting professionals generally have higher incomes than people working in regular jobs. This means they have more disposable income and can afford many of the things other people cannot afford. Once you establish yourself as an accountant, you will be able to provide a much better lifestyle and standard of living for yourself and your family members.
If you think you have what it takes to become an accountant, you should do everything you possibly can to ensure that you eventually become one of these financial professionals. Qualifying to become an accountant is tough and it takes time. However, the financial and personal benefits of this career that are mentioned above will make it all worthwhile for you and your family.
Is Writing An Easy Field To Break Into?
For many of us, the idea of becoming a writer is something that we nurture from adolescence, our love of reading dovetailing with a desire to be heard. It is one of the most romanticized career ideas – just think about how many films and TV shows revolve around one or more writers – and it’s no surprise that student newspapers and magazines are often among the most popular extracurricular activities included on college applications.
What separates writing from many other careers is that there is not always an evident career path. Those of us who dream of one day writing for the newspaper we read scrupulously, or of signing a deal for our first novel, can end up quite disillusioned by the reality of trying to get paid as a writer. And while we’d love to think that it’s not about the money, there’s a great deal of truth in the motto that has become a mantra for so many writers: “I can’t pay my rent with exposure”.
Do you need to secure a regular writing job to make it a career?
If you dream of becoming a writer, you probably have an inspiration, someone who made you want to pick up a laptop and share your ideas for the first time. Chances are, these icons are individuals who can make a very comfortable living from a column per week thanks to a tenured slot at an established media institution, and they’ve “paid their dues”. That’s something that’s getting harder to do, as local newspapers are struggling to hold up in the digital age – making it harder to get a starting job in the industry.
Is freelancing a reasonable alternative?
The idea of being a freelancer can be attractive initially – if you’re not tied to any one media group, you won’t be committed to an editorial line – but it is tricky and guaranteed income is hard to find. It is a good idea to cultivate regular clients. You’ll learn their payment patterns, have the ability to invoice them in one touch through your accounting software, and can establish yourself as a reliable writer. It may not have been how you pictured freelancing, but a good client is worth cultivating – and they may well mention you to other potential clients.
Is starting your own outlet a realistic option?
Writing is a competitive world, and as a freelancer you will always be fighting with other freelancers for what can often be a small amount of work. You may prefer instead to take matters into your own hands by starting your own project. Often, this will begin with a blog; there are ways and means to monetize such a site, but you’ll need followers to make it happen. If you take this approach, social media is also going to be pivotal. Talented writers can still get read these days – and it can lead to higher-level recognition and a stable writing job – but there is still going to be a grind and you’ll need to have the discipline to produce content that is both interesting and regular.
The truth of the matter is that if you want to become rich and have a comfortable living doing something you love, writing is a sector that is filled with potential obstacles and it can be frequently disappointing. However, if writing is what you love, then there are ways and means of going about it – as long as you keep cultivating contacts, it can be a rewarding career.
Experiencing Success After You Graduate
The university and college experience can be so long and complex that you get completely caught up in it. It’s fully immersive. So, when you graduate, you can easily feel completely disoriented and lost. Very few people walk straight out of their graduation and immediately into their first job. Instead, you’re going to have to find your feet and put a whole lot of effort into your own success. The steps you’ll need to take will vary depending on where you want to go and what you want to do. But the following pieces of advice can help you to get started out on the right track, regardless of what you want to do. Hopefully, they’ll come in useful for you!
Research Success Stories in Your Chosen Field
Whatever field you’re interested in entering, chances are, there are some pretty big success stories. Take a look at people who inspire you within your area of specialism. Who are they? How did they get to where they are now? What did they do after they graduated? This can help to inspire you and to give you some key tips that could really help you to follow in their footsteps. Remember that you are standing on the shoulders of giants. You can learn from the greats that came before you to further excel in the role or industry you’re determined to experience success in. If you’re interested in starting a business, take a look at Phillip Kingstons journey at phillipkingston.com. If you’re interested in politics, read the biographies of great political leaders. If you’re interested in art, read the life stories and approaches of some of the greats. There’s all sorts of guidance and inspiration out there.
Use Your College’s Resources
Just because you’ve graduated doesn’t mean you’re immediately cut off from all of the resources that have been available to you at your college or university. Make sure to use the resources available to you for as long as they’re available to you. Many colleges offer training and classes on job hunting. This can include finding positions that suit your skills and experience, CV writing skills, interview skills and much more. These resources may seem basic and common sense, but you can actually learn a whole lot more than you’d imagine from them. You never know what tiny piece of advice could make all the difference to your entire career path.
When you start applying for jobs, you need to develop a tough skin. Few people land the first job they apply for. Even fewer will be offered every position they apply for. You need to be prepared for some level of rejection and you need to make sure that you are persistent when faced with disappointment. Keep going and you’ll eventually land the kind of position you have your sights set on.
Of course, different areas of specialism will require different steps in the process. But the above advice should help regardless of what you plan to do. Keep it in mind and you should do well!
Careers An MBA Can Open Up For Engineers
If you are an engineer wondering what your next career step should be, it can seem as though the opportunities are almost endless!
On the one hand, you could continue to improve on your technical abilities and become a specialist in one particular area. This can be a highly lucrative strategy, and one that appeals to people who know which work they love to do and just want to learn more about it.
On the other hand, you could broaden your skill base and give yourself a wider range of career opportunities by undertaking an MBA. This is a great option for people who are looking to diversify their skills and introduce some new kinds of work into their day, and give themselves a great career outlook into the bargain.
MBAs can provide you with a huge number of skills that are applicable in multiple industries.
An MBA will teach you about things like budgeting, strategising, accounting, financial management, system models, people management, marketing and business structures. These are all skills which can be highly beneficial in a number of industries or even for starting a business of your own!
Another great benefit of an MBA is that you will get to study alongside people who are also looking to accelerate their own careers. This means that you will make contacts who will not only become useful friends and a useful support network as you embark on the next stage of your career, but you will meet a huge array of people who you can learn from in unexpected ways.
The exact modules that you study will of course be dependent on which MBA course you choose to take up. If you are considering taking up an MBA in order to further your engineering career, then it’s worth researching MBA courses that are designed with engineers in mind. You can find out more here if this is something that appeals to you.
Read on to find out what careers an MBA could open up for you.
Engineering operations director
The three main skills that you’ll need to work as an engineering operations director are:
- Analytical skills. The ability to gather and interpret data.
- Math skills. The ability to perform addition and subtraction but also to visualise data.
- Communication skills. The ability to clearly communicate your thoughts, opinions and ideas to those around you using a variety of methods, including presentations, via email and in person.
The average salary for an engineering operations director is $129,001 so it’s definitely a well paid position!
The main purpose of the role is to lead a cross-functional team to achieve the objectives that your department has been set. To succeed in this role it’s important that you have a good knowledge of engineering processes and engineering equipment, as you will be the one providing the overall strategy to your team on what needs to be done.
You will be responsible for the budget of your department and you will need to report regularly to your management on expenditure and progress. You will also devise and implement strategy for improving the performance of your department, as well as having an overall understanding of all the projects that are happening within it and ensuring that they are completed on time.
Vice president of engineering
A VP of engineering is part of the management team. As such you won’t get too involved with engineering, but you will get involved with solving logistical problems, dealing with personnel and working out budgets.
It’s an incredibly well paid job. The average salary is $170,000 per year, and at the higher end of the spectrum some VP’s of engineering are paid $270,000.
Your actual duties will vary significantly depending on the company you are working for. Engineering is a field that is hugely diverse, so the nature of the projects that you are overseeing will differ between companies. Whatever the company you are working for, you will be working in upper management. You will work alongside the president, product managers and other management staff in order to plan and oversee all aspects of engineering goals and operations within your company. You will ensure that the appropriate planning and testing procedures are in place to ensure that you deliver quality projects on time.
Generally you will spend a lot of your time in meetings, liaising with staff and ensuring that deliverables are met. You’ll also use your engineering knowledge to carry out site inspections, to ensure that everything is working as it should be and that everyone is working safely.
Engineering project manager
If you’ve worked in engineering you’ve no doubt come across your share of project managers! A project manager is used every time an engineering project is embarked on, it will be up to them to gather the requirements, see what is feasible and then plan out the project. They will then keep a continuous eye on the project to ensure that it is being delivered on time and within budget.
Having an engineering background is helpful if you want to work in engineering project management, because it means you will have a good instinct for what is possible within certain timeframes and budgets. However, collaboration with others will be a key part of your job. It’s essential that you have excellent communication and organization skills, so that you can keep the project team working together effectively.
The average salary for an engineering project manager is $140,760, although this varies hugely depending on the company you are working for.
Project managers have a varied and fulfilling career because they will spend their time working on a lot of different projects, meaning that they are always solving new problems and learning new things! In addition to this, project management is a field that can work really well as a freelance career. Many businesses prefer to bring in highly experienced contract project managers if they have a requirement for a fixed amount of time, as it means that they can more easily budget for the project in question. If you choose to work in this way the rewards can be even greater than the already generous salaries available to salaried engineering project managers.
The budgeting, forecasting, analytical and communications skills that are a key part of an MBA will give you the skills you need to complement your engineering background and create a fulfilling career as an engineering project manager.
CEO of your own company
As well as allowing you to work in a high level management or project position, obtaining your MBA could be your next step in becoming CEO of your own company!
Engineers are naturally analytical and great at making predictions and solving complex problems. These are all qualities that are highly valuable in a CEO. Combine the advanced business and strategic knowledge that can be gained from an MBA and you’ve got a pretty unstoppable combination.
A great example of an engineer who studied for his MBA and used this advanced knowledge to allow him to chase his dreams of being an entrepreneur is Rob Deering, founder of Australia’s Meet Billy.
Meet Billy is an app that allows older people to continue to live in their homes for longer. The basic idea is that the users daily activities are logged into an app. If they miss an expected activity then their family or carer can see this and be notified more quickly if something has happened.
The app works by using a series of internet of things (IoT) sensors to find patterns of behaviors. Smart analytics can then read the expected versus the actual behaviors and identify any changes before they become serious or result in a medical emergency. The app is already proving to be highly popular amongst users.
Rob started his career with a degree in mechanical engineering. He then worked as a consultant for five years, before embarking on his MBA. He credits his MBA for opening his eyes to new pathways, especially those that combined his skills in engineering and in business.
If you are thinking of using an MBA to open up opportunities of starting your own business, it’s a good idea to have in mind the type of business that you would like to start before you begin researching MBA programs.
By doing this you can approach your chosen institutions with your idea and they can let you know how best they can serve you. It’s a good idea to find a programme where the modules on offer will directly benefit your future plans, so that you can apply them to your business idea as you learn.
If possible it’s also a good idea to find an MBA course where there are links to the industry in which you would like to work. This will mean that you can meet people who will be helpful to you, either as business contacts or as people who you can learn from.
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