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Accounting-Tips-to-Secure-Your-Creative-Career in India

Last updated on May 8, 2023

In the current scenario, where the fields of accounting and finance are going through a massive transformation with digital advancements, entrepreneurs face a great challenge when it comes to finding qualified accounting professionals who possess the required technical, administrative and professional know-how to do an efficient job. People need to think entrepreneurially when it comes to looking for a job in the accounting industry. In this post, we will explore the different tips and tricks to help you secure a successful career in accounting and finance in India.

Translating Your Creative Ideas Into Realities

If you want to succeed in the field of accounting and finance, then the first and foremost requirement is to have creative ideas and a vision on how to translate them into reality. Having a good understanding of the financial landscape, be it market trends, global finance or local accounting is essential to get the best out of the position you have chosen.

Another key ingredient which could potentially differentiate you from the competition is a strong negotiation skill-set. Negotiating skills are important in any field, but when it comes to accounting and finance, it can be make or break. A key element to success would be having the ability to effectively convince people when it comes to transactions, transactions regulations, and any financial dealings.

Gaining a Professional Education & Credentials

Having a professional education and credentials is another essential requirement for having a successful career in accounting and finance. Your success in the industry heavily depends on the qualifications and certifications that you possess. It is highly recommended for aspirants to pursue a professional degree in accounting & finance. There are a plethora of universities and institutes offering specialized courses in the field of accounting & finance in India. Those who are interested in taking up certification courses in accounting and finance can also opt for courses like Chartered Financial Analyst (CFA) and Chartered Accountancy (CA).

Enrolling in a professional certification course in the accounting & finance industry will not only help one gain in-depth knowledge and understanding of the subject matter but will also give the aspirant an edge over others in the job-seeking environment.

Skill Development and Professional Networking

It is highly recommended that one gain proficiency in the latest skills and technologies in the accounting and finance industry. The more competent you are in the latest technologies and tools, the more attractive you become to potential employers. It is not only important to have a good theoretical understanding but also a thorough practice of concepts that will give the aspirant the competitive edge. Also, a strong professional network of mentors and peers can help you in the long run to gain valuable advice and insights. These networks can provide you access to opportunities you never even knew existed.

Salary Insights in INR for Accounting & Finance Jobs

The salary ranges for accounting and finance vary depending on experience and qualifications. Generally, freshers might expect to receive a salary in the range of 3-4LPA, mid-level professionals usually earn between 8 – 10 LPA. Experienced professionals with more than 10 years in the industry might go up to 25 LPA. These figures may vary depending on the support provided by the employer and the industry.

Real Life Success Stories

Here are a few real-life stories of individuals who have successfully transitioned into a career in the accounting and finance industry in India:

Ravinder has over 10 years of experience in accounting and finance and is currently working as the Head of Audit for a leading Financial Services firm in India. He has worked in various roles such as internal audit, external audit and compliance.
Kumar graduated from Manipal University with a degree in finance and started working as an analyst at a leading Investment banking firm in Mumbai. He quickly rose through the ranks and is now the head of the research team.
Priyanka completed her Masters in Finance from Harvard University and is now working as the Chief Financial Officer at a leading multinational firm in Bangalore. She has extensive knowledge of accounting, audit and financial systems.

Overcoming The Challenges

Making a successful career transition and sustaining yourself might be challenging. Here are a few strategies that will help you tackle any obstacle that may come your way:

Be proactive: Take a systematic approach towards your career and be proactive in learning new skills and updating existing ones. You can take up courses or join communities to stay ahead of the curve.
Be dedicated: Once you set your goals, it is essential to stay dedicated and motivated throughout the process. Avoid distractions and stay focused on the path you have defined for yourself.
Network: Build a professional network that can help you stay informed about the latest trends and opportunities in the industry.
Patience & Perseverance: Transitioning certainly takes time and dedication. Be patient, focus on the tasks at hand and stay consistent to ensure you reach your end goal.

Conclusion

Whilst making a career transition into accounting and finance may seem daunting, it is definitely rewarding and fulfilling. If you plan and execute your transition well, taking into consideration the tips mentioned above, you can unlock multiple potential opportunities. Make sure you choose a career you will enjoy; do not be afraid to take risks and explore new paths. Good luck!