Accounting positions exist to record, forecast and plan funds for a company or a person. Accounting jobs have different situations, according to professional experience and with expertise and tremendous income potential. While there are many opportunities in banks, insurance firms, and other financial organisations, you can also consider joining an accounting team at a company that interests or inspires you.
From the lowest to the highest national average compensation, there are 16 high-paying accounting jobs. A bachelor's degree in business, accounting, or another similar discipline is required for many jobs listed here. Many employers also need a CPA (Certified Public Accountant) designation. Examine accounting job descriptions to see which qualifications are necessary for certain employees.
Table of Contents
- Key Takeaways
- Top accounting jobs
- What are the points while applying for an accounting job?
As a growing industry, accounting provides many job opportunities with high salaries and security. Here are some of the top accounting jobs with high future demand:
- Financial Analyst
- The median salary of $85,660 per year
- Projected job growth of 5% from 2029-2039
- Management Accountant
- Provide financial analysis and support for company management
- The median salary of $87,860 per year
- Projected job growth of 11% from 2029-2039
- Information Technology Auditor
- Conduct IT audits to ensure compliance and identify potential risks
- The median salary of $91,220 per year
- Projected job growth of 10% from 2029-2039
- Forensic Accountant
- Investigate financial crimes and provide litigation support
- The median salary of $81,750 per year
- Projected job growth of 11% from 2029-2039
- Tax Accountant
- Prepare tax returns and provide tax planning advice
- The median salary of $73,180 per year
- Projected job growth of 7% from 2029-2039
As technology advances and businesses grow, the demand for skilled accounting professionals will only increase. Pursuing a career in accounting can lead to a secure and financially rewarding future.
Top accounting jobs
Accounts payable clerk
Accounting clerks are in charge of several responsibilities that assist accountants in keeping track of an organisation's finances. Filing papers, monitoring income and debts, preparing reports, and maintaining records are just a few examples of duties.
Primary responsibilities: Bookkeepers are in charge of a company's day-to-day financial transactions. They keep track of financial data and reports and present them to management and other supervisors.
Analyst of credit
Credit analysts' primary responsibilities include gathering and evaluating data from a person's financial history to assess their credibility. They frequently work for banks or insurance firms to determine a borrower's suitability for a loan.
Compliance officers' primary responsibilities include ensuring that all financial files, decisions, and activities follow national laws governing corporate finances.
Primary responsibilities: An auditor examines a company's or an individual's financial records to ensure that all computations are valid and all funds are accounted for. Auditors are brought in to review financial management regularly and in particular circumstances when financial crimes are suspected.
Advisor for personal finance
Primary responsibilities: Personal financial advisers examine and build financial strategies for people based on their goals. They may give financial suggestions, open accounts, or propose cost-cutting measures in various sectors.
Analyst for the budget
Budget analysts' primary responsibilities include assessing when, where, and how much money a company should spend. They are frequently entrusted with overseeing different budgets within the organisation to ensure that money is spent wisely.
Accountant for taxation
Primary responsibilities: Depending on their position, tax accountants are in charge of completing and submitting tax returns for individuals or businesses. They gather all essential information, correctly submit data, and compute the correct tax return outcome annually.
Professor of accounting
Accounting professors' primary responsibilities include establishing accounting courses and finance curricula for higher education institutions. They'll also construct quizzes, examinations, presentations, and homework assignments to ensure the organisation's pupils understand what they're learning.
Primary responsibilities: Forensic accountants look at the financial aspects of a criminal case. They'll almost certainly collaborate with banking institutions to completely comprehend how the people involved spent, transmitted, and received money throughout important periods.
Financial Risk analyst
Risk analysts' primary responsibilities include estimating the financial risk associated with major corporate decisions. They frequently work for insurance firms, employing software to assess the best and worst-case scenarios.
Accounting software engineers
Accounting software engineers are in charge of developing, maintaining, and enhancing software accounting firms use to handle their accounts. They frequently collaborate closely with the teams or individuals that use the software to ensure that it assists them in achieving their objectives and is simple to use.
Director of Finance
Finance directors' primary responsibilities include overseeing and managing an organisation's economic and financial health. They make high-level judgments to achieve financial objectives and plan long-term financial health.
Manager of international taxation
When a firm operates in numerous countries, international tax managers maintain speed on international tax legislation to follow all legal standards.
Controller of the corporation
Primary responsibilities: Corporate controllers are in charge of overseeing the accounting department and ensuring compliance, generating and monitoring budgets, and creating financial reports, among other things.
Manager of International Taxation
International Tax Managers are one of the highest-paid accounting jobs. Multinational organisations or accounting firms generally employ these well-paid accounting specialists. They are in charge of creating and submitting tax forms and studying local, state/regional, and national tax rules. A degree in finance or accounting is important to work as an international tax manager, while a master's degree is generally preferable. A Certified Public Accountant (CPA) qualification is also essential, as is the familiarity of software such as CORP International.
Financial Comptroller is also one of the highest-paying accounting jobs. Companies of many sizes and sectors utilise these highly compensated individuals. They are in charge of ensuring that their employer's accounting policies and processes are followed. Analysing multiple budgets and providing that all financial reporting aligns with a policy are specific jobs. A bachelor's degree in accounting or actuarial science is required to work as a Financial Comptroller. It's also a plus if you've worked as a manager in the accounting field.
Consultant in Taxation
Tax Consultant is another well-paying accounting job. These well-paid experts might operate for themselves or a corporation or a huge consulting organisation. Tax consultants specialise in legally and logistically difficult tax returns and estates. The following are examples of specific tasks:
- Obtaining all pertinent facts
- Ensuring that the returns are compliant with all applicable tax rules and regulations
- Discussing the results with the clients
- A Certified Public Accountant is required to work as a Tax Consultant. It normally necessitates a bachelor's degree in accounting or a related field.
Accountant for Payroll
Payroll accountants earn an annual salary of $55,000 on average. It places them as the 20th highest compensated accounting experts. They work for both small and large corporations. Payroll accountants are in charge of creating, managing, and evaluating various financial reports and statements for their companies. Payroll Accountants are required to do different tasks by different firms. Some people are content with a bachelor's degree, while others want a degree and certification as a CPA.
What are the points while applying for an accounting job?
Keep an eye out for employer announcements
Check your email and inboxes regularly to see whether employers have contacted you. You shouldn't miss any updates from companies when they answer after you put in the time to submit professionally prepared job applications. you should also check your email spam folders as well if messages have ended up there.
Experiment with various job-seeking methods
Trying out different search phrases is the greatest approach to get a sense of the jobs that are accessible to you. You'll grow better at detecting which jobs seem good and which don't as you seek. If you're not confident where to start, begin with general search terms and refine them down as needed.
Examine wage patterns
The accounting Salary Trends feature allows you to view salary trends for specific careers in multiple areas. If you type in a job title, you'll get a list of income ranges for that position in different cities and with other businesses.
Make a list of your must-haves
Identifying your non-negotiables and places where you may be more flexible is another way to locate the jobs that are perfect for you. Each person will make their list, but here are some possibilities to consider:
Non-negotiable factors include:
- The sector or industry in which you wish to work
- You can't go below a certain wage or pay.
- Health insurance and paid time off are examples of benefits.
- Time spent commuting and location.
Negotiable variables include:
- Occupational title (associate, specialist, or another designation)
- Additional perks include the option to work from home.
- Working for a small firm vs a huge corporation
- Amount of travelling
- Identifying which elements are must-haves and which are negotiable will enable you to go on with confidence.
Make sure your resume showcases your relevant technical talents and qualifications if you're seeking an accounting job. When feasible, you should also utilise data to quantify the influence you've had during past professional situations. While most people think of accountancy as a unified field, the truth is that there is no one accounting career path. There are a variety of accounting courses to choose from, each with its area of concentration and speciality. While practically all accounting occupations require a foundation of basic technical accounting courses and capabilities, you may branch out in various ways depending on your interests.
Q.1. Is accounting a successful profession?
An accountant's median yearly income is significantly higher than the national median wage for vocations. Finance and insurance, company and business management, tax preparation, and government are among the highest-paying accounting areas.
Q.2. Is accounting still relevant in 2021?
Because of the high demand for accounting degrees, such as a Master of Accountancy, many students are hired by accounting and financial businesses even before graduating.
Q.3. Do accountants work with a lot of numbers?
Accounting isn't a difficult subject. There may be some mild, entry-level algebra, but that's all there is to it. You do not need to be a calculus expert.
Q.4. What are the top accounting jobs with high future demand?
Financial Analyst, Management Accountant, Information Technology Auditor, Forensic Accountant, and Tax Accountant.
Q.5. What is the median salary for a Financial Analyst?
The median salary for a Financial Analyst is $85,660 per year.