Accounting is one of the highest-paying industries in the world. Jobs like investment bankers, financial analysts, chartered accountants, etc. are all listed among some highest-paying jobs in the world.
You can take it as a piece of future advice if you set your foot firmly in this sector since your studies or early corporate years, it can turn out to be a big win. Based on your experience and expertise, you can end up achieving positions like chief financial officer or a self-made entrepreneur.
According to resources such as https://accountingsprout.com/top-highest-paying-accounting-careers-jobs/ indeed, the future is pretty bright in the finance and accounting sector. So, this article is going to cover some major accounting jobs that can help you made fortune.
Chief Accounting Officer
As the name suggests, the chief accounting officer is responsible for overlooking all the accounting operations within the firm. Some basic responsibilities that come along with the post include:
- Overlooking the tax compliance that your company is eligible for.
- Work on financial reports of the firm that include quarter and annual financial reports.
- Prepare and analyze the financial budgets needed for your further business operations.
- Overlook the accounts and ledger on which your company is relying.
- Plan finances concerning the future endeavors of your firm.
CAO is an executive-level job that can pay you around $150,000 to $250,000 or more annually for your business scale.
Corporate Accountant
As a corporate accountant, you hold a significant position in the company’s financial planning. Your numbers and calculations play a significant role in overall operations. Some major roles for which you would be responsible include:
- Maintaining the company’s accounts is a primary role you are responsible for.
- Along with that, preparing financial statements at a foundational level is also expected.
- Collaborate with other accountants and give your take on drafting the company’s financial budget.
- Strategize finances for the different needs of the firm.
The corporate accountant is another high-paying job in a company. It can pay you between $65,000 to $98,000 annually based on your experience and expertise.
Financial Analyst
You can be an independent financial analyst, as well as work as an in-house employee in a corporate firm. Both ways, you can earn a decent income for your life. Following are some common job roles listed that you are expected to do:
- Drive insights from the management and the executive.
- Study financial reports and analyze whether the functions are going in the right direction or not.
- Create financial models and report financial performance.
- Research the market trends and run all possible analyses on the market.
- Monitor the company’s investments and expenses to keep a proper eye on them.
A financial analyst is quite a respected and tricky job to do. So, the salary awarded is also fascinating which ranges from $56,000 to $129,000p.a. in the USA.
Auditor
Ensuring government and industry-related regulations are followed in a company’s financial statements is the job of an auditor. As an independent professional on this website, auditors examine the accuracy of all the reports to maintain healthy bookkeeping.
Other responsibilities that an auditor handles are:
- Create a detailed audit report about their investigation and present it to the business’s board of directors.
- Besides this, auditors also prepare tax returns and advise management about best practices to reduce costs and increase revenue.
- You should also have a deep understanding of business loans and specific tax regulations as per the business.
- The annual average salary of an auditor in the US is $64,194.
There are different types of auditors – public, internal, forensic, and external auditors. Each one is a specialization you can choose to get trained in, which improves your chances of getting hired.
Revenue Accounting Manager
Working on behalf of external auditors are the revenue accounting managers. They handle the responsibility of analyzing the financial flows and activities of an organization. If you are an expert in presenting accurate accounting results with knowledge and technical skills in using spreadsheet software, then you are perfect for this job.
Skills required for a revenue accounting manager are:
- Analyzing financial data
- Preparing audit reports
- Reconciling accounts
- Managing quarterly and annual revenue process
- Collaborating with stakeholders
Experience in the same industry for over 3 years will give you a high salary and a position in a top business firm. The average annual salary of a Revenue Accounting Manager in the US is $129,811.
Forensic Accountant
Just like an investigative journalist, you will be required to deeply analyze the financial statements of a company as a forensics accountant.
You will be hired based on the following required skills and experience:
- You should be a specialist in auditing skills, detecting fraud, and also offer consultancy for legal proceedings.
- They provide training and supervise a team of revenue auditors along with other financial specialists.
- This opens many opportunities to work with private organizations as well as law enforcement agencies, government offices, and insurance companies.
The annual salary of a Forensic Accountant in the US is approximately $77,286.
Conclusion
With the rapidly transforming global economies, the need for an account specialist has grown. From private to government, startups, and well-established brands, want to hire an experienced professional.
If you have the training and the technical skills for expert accounting, you should definitely apply for the jobs mentioned in this article.
For those looking to make a career in the accounting field, this digital age presents a golden opportunity for a lifelong, fulfilling career.