5 Ways to Advance Your Career as an Accountant
To advance your career as an accountant, you can become a CPA, find a CPA mentor, keep up with new technological developments, focus on soft skills and more.
Accounting is one of those careers that remain secure even during hard times. As a result, it’s a popular career option that allows you to work in multiple fields or as an entrepreneur if you have the skills to run your own business.
The Bureau of Labor Statistics (BLS) says there will be more than 1.5 million accountants by 2026, and the field has good job growth. But what kind of advancement is there for the average accountant? It turns out there are opportunities for you to go after. Here are some of the best ways to keep your career moving forward when you’re an accountant.
Start with the CPA
It’s worth the effort to land your Certified Public Accounting credential. Having a CPA behind your name can open doors, whether you’re working in finance as part of an enterprise organization, if you’re working in public accounting, or even if you start your own firm. Landing your CPA takes dedication; you must study and then pass the challenging CPA exam. Each state has slightly different requirements, and most cost somewhere between $30 to $200 per section, plus $125 to $170 for the ethics exam, and another $50 to $300 for your CPA license fee, so passing the test the first time is important. The National Association of State Boards of Accountancy (NASBA) says you will benefit from earning the CPA designation in the following ways:
- Earn prestige and respect from your peers.
- Earn the ability to go after higher-level accounting roles.
- Have more career security.
- Have more job satisfaction.
- Earn more money and greater benefits.
Either before or after you’ve earned your credentials, we recommend finding a CPA mentor as your second step up the ladder.
Find a CPA Mentor
A CPA mentor can help you understand the ins and outs of the profession. Look for someone you both trust and respect who can help you navigate the challenges of the profession. They will help you find answers based on their own experience, which will help you avoid mistakes that could threaten your career. You could even have more than one mentor to share information and seek advice when you’re struggling with a seemingly insurmountable problem. Make sure you recognize that the mentor/mentee relationship should be give and take, so take good care of these partnerships; they will pay off in the long run.
Improve Your Networking Efforts
Like any job, who you know is important to your career. All accountants should work hard to develop an extensive network of colleagues to help further their careers. Networking can help find new business if you’re in business for yourself, or it could help you find your next job. Given that 85% of all jobs are filled through networking and making an effort to connect with others is imperative for your accounting career.
Advance your career by networking with Top Stack. We can help you with your next career move. Contact us today.