Accountancy / finance
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Explore Careers, Where Every Number Matters!
Busting myths about the accountancy industry
Think Accounting is boring?
FALSE!
Accounting is actually exciting! It involves problem-solving and decision-making, with lots of engaging tasks and challenges.
Think Accountants must be math geniuses?
FALSE!
Math skills are important, but accountants use technology to calculate. They focus on analysing data and providing insights.
Think Accountants only work in offices?
FALSE!
Accountants have diverse work environments, like working from home or traveling to different places.
Think Accounting is a man’s career?
FALSE!
Accountancy is a profession that is open to people of all genders.
Additional resources
Key Industry points
Various career opportunities
The accountancy sector offers a wide array of career opportunities. From becoming a Chartered Professional Accountant to specialising in areas like forensic accounting or tax consultancy, professionals can find rewarding roles in public accounting firms, corporate finance, government agencies, and more. Whether as auditors, financial analysts, tax advisors, or management accountants, accountancy professionals make a significant impact in the world of finance.
By the end of 2020, the construction industry employed approximately 2.08 million people (source: Statista)
Routes into accountancy
It is crucial to foster children’s consideration of their preferred learning style. Do they lean towards practicality? If so, apprenticeships or T Levels might be an excellent fit for them. Are they more inclined towards academic pursuits? In that case, university could be the answer. There are a wide range of routes into accountancy including:
- Apprenticeships
- College
- Traineeships
- University
- Work experience
Skills for success
Key skills needed for a successful career in accountancy include strong numerical aptitude, attention to detail, analytical thinking and excellent communication amongst others.
The facts and figures
Entry-level positions typically start around £20,000 to £25,000 per year in the UK. On the other end of the spectrum, senior-level professionals or those in specialised roles can earn six-figure salaries, with some reaching £100,000 or more annually. The highest salaries in accountancy are often associated with executive positions, partners in accounting firms, or those with extensive experience and expertise in demanding sectors such as investment banking or private equity.