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5 Reasons Why Accounting Is a Hot Industry

by admin on May 27, 2015 Comments Off

What do we mean by Industry?

An industry is a particular branch of a systematized activity wherein large business activities are involved within an economy. Industries vary from one another with different qualities and traits. Some of the leading stable industries available in the market are health care, sales, customer service and accounting services Singapore.

These leading industries still remains stable in the industry, despite of the financial and economic challenges. The amount of employment and training that are available in the market are still on its highest rates. Many people still continue to attain their professional career in a particular industry.

Here are the top 5 reasons why accounting is considered to be as one of the hottest industry:

  1. Increasing need and demand for accounting

Many experts believe that there will be a consistent and much stable demand for accounting jobs for the years to come. These days accounting is required by the internal revenue service for business purposes. The need for accounting services Singapore and bookkeeping services are even increasing as many businesses continue to flourish their accounts in the market.

  1. Increased salary amount

The accounting industry has been offering competitive annual salary amounts to the accounting professionals. This is due to promotions and tenureship they have gained in the company. For most of the companies and accounting firm, the entry salary level for an accountant does not start on the low side, however it increases as time goes by. You can notice an increased annual salary amount after 1-4 years of experience have been gained. The more experience you have the greater chances of higher salary you can attain.

  1. Accounting is considered as a door to success

The field of accounting has been the foundation for most of the professionals. They see this field as their gateway to much bigger opportunities. In fact, many famous people have started their career in an accounting firm, whether they are certified or not.

  1. More growth opportunities

The industry of accounting is filled with numerous growth opportunities which can lead to a higher salary. Some of these opportunities are for senior accountants with specialized fields in accounting.

  1. Different jobs to choose from

There are numerous career paths to choose from in the field of accountancy. These jobs can be in attained in large companies or in an accounting firm and you might become a certified accountant if you choose to pursue it. Attaining a certificate would mean that you are certified to perform accounting duties such as bookkeeping and tax duties for different businesses.

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