The Way Forward: 4 Reasons to Become a CPA in 2020 and Beyond

April 15, 2020

Certified public accountants could start lucrative careers and find fulfilling lives in the accounting field. Financial professionals are needed in a multitude of industries and provide superior skills sets for their employers. Reviewing the four reasons to become a CPA in 2020 and beyond shows professionals why accounting could provide them with an amazing career path.

1. Higher Earning Potential

The higher earning potential gives accountants a more lucrative career choice, and there are possibilities of increases. A CPA can earn an average of $66,000 each year depending on their industry and exact job title in their current firm. The location where the accountant chooses to work could increase their annual salary and provide them with more opportunities for raises. To get started in the career, budding accountants can review cpa exam study materials 2020 before scheduling their examination.

2. More Job Security

More job security is available to anyone who chooses to become a certified public accountant. Since the accountants work in a variety of industries, there won’t be a shortage of accounting jobs anytime soon. It is a field that is required by all businesses and presents all businesses with vital benefits. Since it is a popular field, accountants won’t have to worry about losing their jobs. Even if they max out their salary at one company, the accountants can find a new job in a different industry easily. All businesses need someone to manage their finances, taxes, and payroll.

3. More Potential Job Growth

More potential job growth is possible for certified public accountants. As the accountants move up the ladder in their current company, there is always the potential for advancement. More accountants will be needed in the future in the private and public sectors. The accountants could get a state or federal job based on their qualifications. No matter what sector the accountant chooses, they have a chance to find a job with their skill sets in any industry.

4. Job Opportunities in Several Industries

Job opportunities in several industries help accountants grow and cultivate more skills. With each new industry, the accountants learn how to use new accounting software applications. Increasing their skills help them become a great asset for any employer. As technology advances, it will be necessary for the accountants to continue their educations and learn how to complete accounting tasks in a multitude of industries.

New technologies will require accountants to complete more financial tasks that will become more complex in the future. Acquiring accounting skills and further certifications helps the accountants qualify for more jobs and expand their horizons into a new industry. Some employers will offer on-the-job training for the accountant and enable the accountant to cultivate necessary job skills.

Certified public accountants must complete four-year degree programs and courses in accounting or finance. When preparing for the CPA examination, the professionals must test their abilities and master all skills needed in the field. Once they pass the examination, the professionals can start their career in any industry. Reviewing the job prospects as an accountant shows them that there is a greater earning potential by becoming certified. CPAs have more job security and will see more job growth in the future. The starting salary for these professionals is around $66,000 annually. With all these benefits, the way forward could present the professionals with a rewarding and highly lucrative career.