In Singapore, there are over 100,000 accountancy professionals, with close to 20,000 working in accounting practices and 80,000 in in-house finance and accounting functions.
As the business landscape continues to evolve, the role of accountants has become increasingly vital in ensuring organisations’ financial success and stability. Coupled with increased digitalisation, more complex business and regulatory environment, accounting professionals can look forward to increased demand for their services, with up to 7,000 new accounting jobs generated by 2025.
For individuals with a passion for finance and numbers, a career as an accountant presents a range of opportunities and challenges that can lead to a fulfilling and rewarding profession.
There are different accountancy bodies, each with unique qualifications, which can lead to different career paths. Therefore, making an informed decision based on personal preferences and career aspirations is essential.
When considering a career in accounting, exploring the different working opportunities available to you is essential. As an accountant, you have the flexibility to work in a small private practice, large commercial firm, or the public sector.
Working in a small private practice can allow you to work with diverse clients and provide services such as tax planning and bookkeeping. This can be an excellent option for individuals who prefer a more personalised and hands-on approach to accounting. Working in a small practice can also give you more control over your work-life balance and allow you to build meaningful relationships with clients.
Alternatively, working in a large commercial firm will give you access to more resources and the opportunity to work on more extensive and complex projects. In addition, larger firms often have a global presence and can offer the chance to work on international assignments. Finally, large firms also offer structured career paths, which can help you progress through the ranks and achieve your career goals.
The public sector is another option for those interested in a career in accounting. Working for government agencies can provide you with the opportunity to serve your community and make a positive impact on society. The public sector can also offer job security, an excellent work-life balance, and the opportunity to develop specialised auditing and financial management skills.
Long-term career goals are also a vital consideration. For example, the end goal could be to become a partner in a private practice, specialise in a specific aspect of accountancy, or transition to general management, management consultancy, or another field where accountancy skills are in demand.
In conclusion, embarking on a career as an accountant is a great choice for individuals passionate about finance and numbers. With the right qualifications, employment sector, and long-term goals, a fulfilling and successful career as an accountant is possible.
As a recruitment solutions provider, we are committed to providing insights that guide individuals in making informed career choices, and we encourage aspiring accountants to explore the various opportunities available.