Accountancy continues to be a popular choice amongst graduates

Accountancy has long been a popular career choice for graduates and it shows no signs of slowing down. In fact, the number of graduates turning to accountancy as a career has risen in recent years.

So, why is accountancy such a popular career choice with graduates? Here, we’ll look at the benefits of joining this popular industry.

Why is accountancy still popular?

Accountancy firms throughout the UK are seeing an increasing number of applicants from graduates. Leading firm RSM for example, has once again increased the number of recruits in its graduate intake as more people are getting into the profession.

So, why are graduates choosing a career in accountancy? Well, there’s actually a lot of benefits which come from becoming an accountant in today’s digital landscape. Most businesses need an accountant, especially as they start to expand and grow their services. Technology has made it possible for businesses to branch out and reach thousands more customers. As their profits grow, so too do their tax and legal responsibilities. That’s where accountants prove invaluable.

With the uncertainty surrounding Brexit, there’s also likely to be an increase in the need for accountancy services. So, the economy is definitely playing a huge role in the popularity of accountancy.

The benefits of a career in accountancy

As well as being in demand and providing decent job security, accountancy also provides numerous benefits.

The salary is one of the major advantages. Accountants are paid one of the highest salaries, even self-employed book-keepers can earn from £20,000 to £25,000 a year. However, those who go on to become experienced chartered accountants, can earn anything up to £250,000 a year. Compared to many other jobs, this is certainly an impressive salary and an understandably large incentive for graduates to want to join the industry.

There’s also plenty of room for progression within the industry. This means it can be as challenging as you want it to be. Being able to work your way up the career ladder gives you something to aim towards and keeps you constantly challenged throughout.

It isn’t surprising companies such as RSM are welcoming more graduate recruits than ever before. Accountancy is very much in demand and it shows no signs of slowing down. With excellent job security, a lucrative salary and plenty of chance for progression, a career in accountancy can be an excellent choice for graduates.