Top 5 Finance and Accounting Roles in Today’s Job Market
The Bureau of Labor Statistics (BLS) states that the occupational outlook for professionals in the field of finance and accounting can expect job growth of 11% between 2014-24. This growth is faster than the national average for all other occupations, which is currently 7%. However, not all finance and accounting roles are alike in their level of demand, salary and qualifications.
Let’s take a look at 5 of the top finance and accounting roles in today’s job market. If you are considering a career in accounting, you should learn more about the following roles in the field:
1.) Accounting Manager. This high-level position, you will be responsible for overseeing the procedures, staff and all budget matters for organizations. In this role, the average salary is as high as $118,000 per year in large companies.
2.) Business Analyst. The BLS says this finance position is growing at 12%, a little higher than accounting roles. Business analysts play an important role in finance, as they assess the scope of an organization’s processes, practices, financial picture and opportunities. There is a reason these roles are growing in today’s data-driven landscape.
3.) Financial Analyst. This position fills a need for expertise for helping make investment decisions, as well as helping foresee and solve financial challenges for organizations of all sizes. The median annual wage for this position is $80,310.
4.) Internal Auditor. Professionals in this role helps companies understand how they can operate more efficiently within their internal processes and businesses activities. Companies are willing to pay an average salary of $62,000 for their objective analysis.
5.) Information Technology Auditor. In today’s tech-filled world of business, this role is more important than ever. Businesses rely on these auditors to be sure they are using, implementing, and applying sound technology practices in all areas. These auditors help ensure that recommendations for efficiency are compliant with company procedures. The average salary for this role reach up to $95,000 in the highest-paying organizations.
Businesses face many challenges that come with increased use of technology in day-to-day operations. That’s why skilled professionals in accounting and finance will be needed even more as data and technology impact decision-making, business objectives, and shine light on new opportunities.