A career in finance.
Accounting, auditing and the finance industry make up some of the largest firms in the world.
Accounting is a very in-demand role, primarily because accountants are required in all types of economies, both to help when business is growing, but also to help save money in tougher times.
What does an accountant do?
Accountants prepare and examine financial records, ensuring that finances are accurate and that taxes are paid on time.
Great accountants aren’t just a whizz with numbers, they are also awesome communicators, with the ability to explain their findings and recommendations, as well as preparing written reports.
An accounting apprenticeship might include responsibilities such as:
- Reviewing accounts and finances.
- Examining financial statements to ensure that they are accurate and comply with laws.
- posting monthly, quarterly and yearly financials.
- Helping to manage company and employee expenses.
- Calculating taxes owed and preparing tax returns.
- Using accounting software such as QuickBooks or Sage, and Microsoft applications such as Excel.
- Suggest ways to reduce costs, enhance revenues, and improve profits.
Career paths and job progression.
The world of accounting generally favours mathematical subjects, so if you do well in maths and science subjects this could be a good path for you.
Accounting apprenticeships are becoming more common as financially savvy students have looked for a way into the industry while avoiding costly university fees and living expenses. Because of this, some of the top accounting and financial firms offer apprenticeships, many of which will sponsor and help you through all of your necessary qualifications.
Accountants have fantastic flexibility and can often choose whether to work full-time or part-time. They can also choose positions that offer minimal or maximum contact time, for people who may prefer to work alone or closely with others. Accounting also offers a flexible base of skills for career changes – the base skills of an accountant are highly desirable in a number of industries!
Apprenticeships in accountancy can expect to start earning £10,000-£12,000, plus qualification fees and course sponsorship. Salaries are also quick to increase as you progress and pass exams.
A full career in the accounting industry can deliver salaries from £30,000 to £100,000+ depending on sector and location.
An accounting industry role can progress or lead to:
- Financial analysis
- Payroll manager/supervisor
- business analyst
- Financial Advisor