What you think of accounting jobs in Cape Town, Johannesburg or anywhere in the world depends on your personality, working style and life priorities.
Here are some pros and cons of accounting jobs:
Pros of Accounting Jobs
- There is a clear career path
When studying accounting, you’re learning practical skills that can add value to any business. The duties you’ll have and the skills you’ll use are generally the same within different sectors.
- It is a stable and growing job field
Accounting isn’t a profession that’s leaving anytime soon. Nearly every business needs an accountant or an accounting team.
- You’ll have the potential for professional growth
After getting established and gaining experience, career advancement is achieved through on-the-job performance and additional education or certifications.
- The earning potential is favourable
Everyone wants a job that allows them to provide for their family. Many full-time accountants earn a good salary and receive great benefits such as medical aid, retirement plans and more. The majority of accountants work full-time, around, or over 40 hours per week.
- Choose where you want to work
Live in the city of Cape Town or in the suburbs? Accounting jobs tend to be everywhere. This gives accountants flexibility when it comes to choosing where they want to settle down.
- There is entrepreneurial potential
Starting an accounting firm has its risks and may not be for everyone, but it is a potential career option.
Cons of Accounting Jobs
Just like any job field, accounting can have its downsides.
- The education is ongoing
In order to progress in your accounting career, you will need to keep up with changes in the industry, meaning that your education doesn’t stop. This can take a lot of time and effort to maintain.
- The work can seem dull
The day-to-day work requires a lot of investigating and math, and there is a lot of routine and repetitive work. Learning more about what accountants do daily will determine whether the work appeals to you.
- There is a busy season
Accounting jobs are typically a standard 9-to-5 but are likely to demand longer hours at month-end and at certain times of the year. Long days and weekend work become the norm as accountants work to meet multiple deadlines.
- The work can be stressful
When you’re accountable for an organization’s finances, there is guaranteed to be some pressure. That pressure and stress can influence your state of mind.
Take the time to evaluate whether an accounting job is for you, by assessing your attitude toward pressure and heavy workloads.