Accounting is an exciting and lucrative career. But to advance in your field, staying current on industry trends and working hard to set yourself apart from the competition is important. Accountants also need soft skills like teamwork, communication, and critical thinking. Here are some tips to help you advance your accounting career:
Ask For A Promotion
To advance in your career, you must ask for a promotion. And while asking for an upgrade can be nerve-wracking, it’s crucial to do so to move forward. When you’re ready to approach your manager about a promotion, consider what position you would like to be in and the skills required for this role. You also need to understand your company’s current goals and how your new role would help the company achieve these objectives. You must show your boss that you’re a high performer by being passionate about the company, working hard to share in the business’s success and doing nothing to jeopardize the organization’s welfare. During your conversation, highlight your unique value to the company and how a promotion will help your manager, team and department. It will make your request stronger. You should also highlight the benefits for you and your family if promoted to this position.
Take On New Duties
Taking on new duties, like management accounting or auditing, can help you move up the career ladder. These roles require a broad business knowledge, and you’ll need to make decisions that impact the company. Enrolling for an MBA in accounting online is vital for climbing the corporate ladder, and you can take on these responsibilities with your employer’s support. Communication skills are also essential for an accounting career, as you must convey information in a way others can understand. It includes written and oral communication, as well as networking. While some may think accounting is too focused on numbers and finances, it can go beyond that. For example, accountants may use their skills to audit a supply chain or address cybersecurity issues.
Get More Experience
Getting more experience in your field is essential if you want to advance your career. The best way to do this is by pursuing internships and entry-level jobs. It’s common for businesses to hire new hires with little to no experience, so it’s critical to look for jobs that match your qualifications. You can also get experience in the field by volunteering your services. Many non-profit organizations need help with accounting, and it will look great on your resume.
Another option is to attend an accounting seminar or workshop offered by your college. It will give you a taste of working in the industry and expose you to experts in the field. Finally, you can sign up for an accounting internship. These are typically aimed at students in their penultimate year of study and offer a structured introduction to the industry. Often, apprenticeships are paid, so you can earn while gaining experience.
Network
It’s true, as the saying goes, “It’s not what you know, it’s who you know.” As much as enhancing your tangible skills is important, expanding your professional networks can also help you advance your career. It can be not easy to network if you need help figuring out where to start, but many online resources can help. Remember to practice good manners when meeting with others at networking events or through social media. Avoid putting other professionals on pedestals, and remember to send a thank-you note after each interaction. It is a small gesture that can make a big difference in career advancement. It may even land you a referral to get your foot in the door at a new firm.