Is Accounting Still a Good Career Choice

[@404TRUCKERTV]

Don't forget government accounting on the federal, state and city levels. Unmatched work life balance!

[@TheYoungBlackProfessional]

You’re absolutely right! Can’t believe I forgot governmental accounting 😅. I know a few people who made the jump from industry to government and are much happier balance-wise. Thanks for the reminder of another option!

[@loujon191]

Best video hands down. Straight to the point

[@TheYoungBlackProfessional]

Thank you! Appreciate it 😊

[@CpT_PrInCeSs]

Yes, my friend is a Hispanic woman that is an accountant and she said she felt the same way but more in the gender roles area. She said it was hard for her to earn her respect from men because they wouldn't really see her as an authority I guess.

[@TheSweetpea73]

Thank you for making this video. It’s very helpful.

[@jep05f]

Just found your channel. Great content here! You should do more videos!

[@TheYoungBlackProfessional]

Thank you so much! I’m just getting back to KZbin now so hopefully I’ll have new videos up this coming week. I appreciate you stopping by! 😊

[@hidfigfig2564]

What section of accounting would you recommend to have a set work location/consistent work environment and schedule?

[@hidfigfig2564]

@Star thank you

[@firandcurly84]

Investment banking

[@khalilfuller4939]

@@firandcurly84😂😂

[@Mr.conserv]

Blacks is only 13% of the population but some reason we expect fields to be 50% lol I have worked with plenty of black accountants some cpa some not. Guess it depends where you live. But that’s a different subject as well

[@TheYoungBlackProfessional]

I’m from the metro NY area so I would expect to see a more diverse staff. I don’t know who’s expecting 50% especially when there are more than Black and white people in the US lol but I understand where you’re coming from. The mention wasn’t because there’s a lack of Black accountants overall but more so in a public accounting firm and considering its size, there were very few based in the NYC office.

[@fujimizuki9727]

Please tell me if there is high chance that accounting will get automated in the very near future!

[@TheYoungBlackProfessional]

I can’t say for sure. What I can definitely say is that a lot of easier tasks like organizing data have been automated, especially within bigger companies. Even though simple tasks have been automated I think there will still be a need for someone to interpret that data, review and report on it (i.e. an audit or financial review), and make recommendations on what could be better/more cost effective. Also, in smaller companies or organizations that can’t afford certain automation tools, accountants may still fulfill a very necessary business function.

[@hidfigfig2564]

Great video. Thanks you. What would you recommend for someone in their 30s who is trying to break into accounting as a career and has a non-accounting bachelors degree, graduated a really long time ago but has a little work experience in administrative assistance and customer service?

[@TheYoungBlackProfessional]

Hi! Thank you so much! I read each of your comments but figured one response might be easier. 1. You may need to get some experience or education in accounting. If your degree was in business it would be easier to transition than a degree in the arts or hard sciences. Experience as a paid intern or associate would be best to ensure you like it before dedicating time and money to a certificate program or accounting degree. I'll be honest that the profession is suffering a bit now so it's kind of a toss up if you'll be able to get into a position where someone will have time to properly train you but if you find one, hold on to it and learn as much as you can! 2. For a set work schedule/location, most people would recommend going into tax or some form of revenue/managerial accounting. Tax is the most consistent in terms of location and schedule as far as compliance (tax prep and/or provision). This is because the deadlines rarely change (2020-2021 were wild years due to the pandemic). Because the work is consistent and often you don't need to be with your client or at their work site, you tend to have your own desk and know when the busier seasons are. The pay is less lucrative than audit work or more complex accounting like mergers & acquisitions, but those can vary GREATLY in time/location needs depending on your employer. 3. When you say private accounting, I assume you mean working for a company instead of a public accounting firm? It's doable, but definitely harder. A lot of companies like to see at least a year of public accounting experience on your resume or some other form of accounting experience. This is because training resources specific to the accounting department may be limited so it's easier to hire someone with a foundational knowledge of accounting concepts. So sorry this is long, but I really hope it helps. I'm rooting for you and wish you the best of luck finding your way in the accounting field! :)

[@hidfigfig2564]

@@TheYoungBlackProfessional Thank you so much for your detailed response and insight on how to go about things, greatly appreciated. I will be following your advise to see what happens. Thanks for the well wishes ♥

[@jep05f]

@@hidfigfig2564 I had an undergrad degree in economics. Getting your foot in the door for accounting is pretty challenging without having a degree specifically for accounting. I had to get a masters in accounting to get any offers for public accounting firms to get to the 150 credit requirement to be CPA eligible.

[@hidfigfig2564]

@@jep05f good to know, thank you!

[@TheSweetpea73]

I would suggest getting an AP or AR clerk job to get some experience and perhaps take online accounting courses to get familiar with accounting knowledge. There are so many free courses out there. Also having intermediate Excel skills really helps too. I also graduated with a bachelor in non-accounting degree, 25 years ago. I’ve been working in the accounting field for 20 years. I started out as a billing and payable clerk. Then went to do accounts receivable. For the past 6 years, I’ve been working as a billing accountant. I really like what I do. But I feel stuck. I feel that I could make more money if I had gone back to school and gotten an accounting degree. Good luck!

[@zhenqi6091]

Hi, thank you very much for your video. How do you think the AI's influence on accounting careers in short and medium future like 5-10 years？

[@TheYoungBlackProfessional]

Thanks for watching. I think until AI truly gets refined for the financial sector, there’s still going to be a place for accountants. AI is really helpful for administrative tasks and communications that can often take up a lot of time that could be spend doing the more complex work. If you’re within the US though, I think entry level roles are a bit more difficult to get and learn in the way I did just 5 years ago because a lot of firms outsource the entry level work to other countries (most commonly India). When I left public accounting, entry level roles would review the work that was outsourced. I think it’s difficult to really learn, grow, and understand the foundations of any career if you’re reviewing the work of others who have done it instead of doing it yourself. I know that wasn’t too much on AI, but I hope that still answers your question.

[@CpT_PrInCeSs]

Please do a video about the pros and cons on public accounting!!!

[@TheYoungBlackProfessional]

I’m sorry I’m so late to seeing this! I’ll add it to the list 💜 thanks for the suggestion!

[@CpT_PrInCeSs]

@@TheYoungBlackProfessional Thank you!

[@amberlee582]

Are their chances to work remotely?

[@TheYoungBlackProfessional]

Absolutely, but I think remote work is probably easiest if you have some experience. When you’re just starting out and have no prior experience in accounting or finance you might have a lot of questions and I’ve found that a conversation or in person explanation is sometimes more helpful than a written one. Especially if you have a good mentor, supervisor, or instructor.

[@hidfigfig2564]

I know I want to do private accounting but not sure how to go about it.

[@edward8717]

Accounting is a horrible career choice and it is a dying career too.

[@jacqueandrew5]

Yeah sure it is lol, what field are you in?