Whether you are based in Memphis or a completely different area of the country, there’s no doubt that accounting can prove to be an extremely worthwhile career. In terms of the Louisville community specifically, this is somewhere which attracts the very best professionals out there – both in a private and public capacity. As the title of today’s post might have indicated, we are going to hone in on public accounting specifically – and show all of the benefits that are on offer if you venture down this route.
Sure, not everyone is able to opt for this career (you need to have a degree, with courses from Louisville Foundation University a good start). However, if you are looking for that career that might set you up for the early retirement on the golf course, let’s take a look at some of the benefits that a public accounting one might bring. These, have been drawn up alongside Bob Mims CPA; an individual who has a wealth of experience in this profession in the community.
The salary factor
The amount of money available as a public accountant has led some people to believe that they are effectively stealing money; the profession is so lucrative. Of course, a lot of hard work goes into their job and it is high-paid for a very good reason.
To put some hard and fast numbers into the picture, some public accounting audit managers reap in over $125,000 salary. Suffice to say, these aren’t small numbers, and are sufficient to immediately attract most people.
The demand is high
With such huge salaries on offer, it would be understandable to think that there are a surge of applicants. As it turns out, this isn’t the case.
Demand for public accountants is regularly outweighing supply, and the number of jobs available in this field is more than ever before. Not only this, but forecasts are suggesting that this isn’t a trend which is going to stop, it should continue like this for the next few years at least.
To summarize, public accounting isn’t a profession with just a pie-in-the-sky salary – it’s something that’s most definitely attainable due to a sincere shortage of people applying.
It’s completely diverse
In a field like accounting, there’s nothing quite worse than completing the same tasks over and over again. Fortunately, when it comes to public accounting, this is rarely the case.
Public accountants tend to have clients from all types of different backgrounds, meaning that those who work in the industry have opportunities to work in different areas. To coin some examples, an auditor might be able to work in the likes of manufacturing and government – even though the two are completely different on the face of it.
Sure, this can also happen with corporate accounting, but it’s definitely a lot less likely. That type of career is one which is regarded as being much more consistent and while this might suit some individuals, others prepare a more varied approach which occurs through the public route.