what are the sectors in an accounting job?

Question

iv always heard that accounting is a well pai job, but according to my friend's bro he aint well paid ...but he is really clever ...so he should be earning more...he says it depends which sector you go into...so which sector is well paid?

Answer 1

It really depends on two things....

1. Your qualifications in accountancy
2. Your work experience

Accounting qualifications are hard to come by...involving 3 years of work placed learning and studying for time pressured exams where a lot of learning is needed....does he have a qualification and if so which one as there is a hierarchy.....ACA generally being regarded as the best...

In terms of what types of job....accountants typically qualify and then move away from working in the accountancy industry to going to work in finance departments of normal firms......clearly working your way up ultimately to being the FD. To progress here normal business acumen, and other general work skills such as handling staff etc will be needed. The best all rounders are likely to progress.

From the information that you have provided it is impossible to tell whether this guy is under paid....but maybe he is just happy doing what he is doing, as it is a fairly easy life, and he doesn't want to sell his sould to earn more money!

Answer 2

Firstly, remuneration is not based on "how clever" you are.
You may have all the degrees in accounting/finance etc. but it matters least if you cannot apply your skills appropriately.
Accounting is pretty much a science ( like day & night / 1+1=2),wherby an outcome is definate / predictable.
One's progression is highly dependant on sound business acumen and application of requisite skills.As regards sectors,there is no hard & fast rule with regard to earning
potential.
I have seen a lot of "high earning" accountants that were total dickheads.

Answer 3

Private accountants who are working for a business and public accountants who are working for a firm.
Private accountants would be paid less until you move into a controllership or corporate finance position. Acounts receivable and payable clerks are paid less than higher positions.
Public accountants who are performing audit and tax work are paid more as they gain experience. If you are good at the job or if you can sell services to new and existing clients you make yourself worth more in the market place.

Answer 4

Following are general sectors in accounting jobs

1- Accounting and Book-keeping
2- Audit and Assurance (incl. reviews and compilations)
3- Corparate Compliance
4- Taxation
5- Management Reporting

Salaries varies which sector your are working in like these days financial sector (e.g. banks) is paying handsome salaries.

Answer 5

Being clever has nothing to do with how much you get paid.
I'm not and I get paid shed loads!

Its all about who you know, not necessarily what you know!

Answer 6

i don't know