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Is Accounting The Right Fit

Is Accounting the Right Fit for You?

September 27, 2022 / / 0 Comments

If you enjoy working with numbers and analyzing data but also love solving problems and communicating outcomes, accounting may be the perfect fit for you. Accountants determine the financial position of a company so that it can make forecasts about the future and manage risk. They prepare budgets and forecasts, analyze expenditure and revenue and identify where a company can save money or afford to spend more money. Sitting behind a desk all day crunching numbers is a common misconception! In reality, accountants have a variety of roles and responsibilities such as presenting financial information to management, providing financial advice to clients, or investigating fraud.

VARIETY OF JOB OPPORTUNITIES
Accountants are needed in every organization and every industry, from large corporations to small start-up companies and nonprofits, high-tech companies, the energy industry, sports organizations, the entertainment industry – you name it!  Accounting skills are beneficial in a variety of fields such as public accounting, investment banking and financial consulting.

STABILITY AND GROWTH
Accountants are in high demand despite fluctuations in the economy. According to the Bureau of Labor Statistics, globalization, a growing economy, and a complex tax and regulatory environment are expected to continue driving a strong demand for accountants. The field provides job security and skills that translate across industries and geographic regions.

TRANSFERABLE SKILLS
Successful accountants require a variety of skills and knowledge such as:

  • Budgeting, forecasting, financial statement preparation
  • Ability to analyze data
  • Proficiency in accounting software
  • Communication skills
  • Leadership ability
  • Organization skills
  • Ability to think critically and problem-solve

These skills, along with many others, are gained while earning an accounting degree and continue to develop as you move up in the workplace.

UPCOMING INFO SESSIONS
Want to learn more about the Master in Professional Accounting degree program at Texas McCombs? Join us for an upcoming virtual info session!

REGISTER NOW

Why Choose Accounting for Your Master’s Degree

May 7, 2020 / / 0 Comments

There’s a common misconception about accounting being for those who simply love to crunch numbers and sit behind a desk all day. In reality, accountants hold vast skillsets that help make financial decisions and affect the bottom line. Let’s take a closer look at why accounting is the language of business and how it might be the perfect fit for you.

Variety of job opportunities.
Accounting is the backbone of a company and opens doors in almost every industry. Keeping the books for a company, understanding its financial stance, and predicting future financial positions are all responsibilities that fall on the accountant. Without it, a company simply cannot successfully move forward. Here’s a list of just a few of the career paths that accountants can pursue:

  • Consulting and Advisory
  • Financial Services and Investment Banking
  • Government and Nonprofit
  • Private Industry
  • Public Accounting

As you can see, any industry that requires financial tracking needs an accountant, and their high demand offers many opportunities for growth.

Developing transferable skills.
An accounting degree offers the development of many versatile skills, including:

  • Budgeting
  • Communication
  • Detail-orientation
  • Leadership
  • Organization
  • Problem-solving
  • Quantitative Reasoning

These skills, along with many others, are gained while earning your master’s degree in accounting and continue to develop and sharpen as you move up in the workplace. The range of skills presented shows an accountant’s ability to apply them to different fields, industries, and parts of life.

Stability and growth.
Accounting, being in high demand for any business, provides a stable rate of employment despite fluctuations in the economy. This field also continues to grow through the years. Taking a look at data from The Bureau of Labor Statistics, employment in the accounting field will continue to grow 10% from 2016 to 2026. This rate is higher than the national average for all occupations! Accounting is a field in which unemployment is not as high a concern given the nature of the job and is another reason why it is such an appealing career choice.

Right fit for you?
If you enjoy working with numbers and organizing data but also solving problems and communicating outcomes, accounting may be the perfect fit for you. To sum it up, accountants determine the financial stance of a company so that it can make forecasts about the future and understand the possibilities of each decision. They also record financial statements of the company and are aware of every transaction that takes place.

Watch this video created by the Texas McCombs Master in Professional Accounting program to learn more about accounting and if it’s the choice for you!

Accounting is more than just looking at numbers all day; it’s about building relationships with people and understanding how to improve on previous decisions for better future outcomes. If you think accounting is for you, learn more about the top-ranked accounting program at UT Austin and visit the MPA website.

The application deadline to start your graduate accounting degree this fall is June 1, 2020! Start your application today!

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