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Benefits of a career in accounting: Why it’s worth studying

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The reason why accounting is important is because every large business needs a professional with accounting skills. Without an accountant, most businesses would find it difficult to know what money is being spent or gained. This can affect job security for employees and increases the risk of a business going bankrupt. 

 In this blog, we will cover why studying accounting is smart career choice and the type of roles you could find yourself in after graduating.  

Why choose accounting? 

There are many reasons why you should choose a career in accounting. Accounting is a rewarding career that allows you to develop skills and knowledge that can be applied to many roles and industries. 

Here are the top benefits of a career in accounting: 

Job stability and high demand 

As accounting is crucial in all areas of the business world, graduates with a degree in accounting are always in demand. This means graduates with a degree in accounting not only have many opportunities available to them, but they also have the peace of mind of great job security as accounting skills are always in demand no matter what industry they work in. 

Diverse career paths and job opportunities 

Another benefit of a career in accounting is the vast number of job opportunities available in a wide range of industries. A degree in accounting teaches you skills that you can apply to multiple industries and sectors. 

Some of the top careers in accounting include: 

  • Certified public accountant (CPA): A certified public accountant ensures the financial efficiency of a business, organisation or government body. A key part of the role is making sure that finances are controlled and recorded properly. 
  • Financial risk analyst: A financial risk analyst is responsible for identifying risks in areas such as earning capacity and the success of the business or organisation. They also predict future trends and forecast costs.   
  • Internal auditor: An internal auditor inspects an organisation’s financial records to ensure their control processes, risk management and governance are operating effectively. 
  • Forensic accountant: A forensic accountant investigates financial inaccuracies such as fraud, misrepresentation and misconduct. As part of this role, a forensic accountant provides reports and offers insights into any discrepancies. 
  • Chartered management accountant: A chartered management accountant analyses financial information to provide guidance and advise on how to make a business more successful. The main responsibilities of a chartered management accountant are strategic financial planning and identifying ways to be more cost efficient. 
  • Tax advisor: A tax advisor uses their knowledge of tax legislation to ensure organisations are paying the correct taxes. The main responsibility of a tax advisor is preparing and submitting necessary tax forms, making sure businesses are complying with tax regulations. 

High earning potential 

Accounting is a competitive industry that offers high paying roles. The average salary for an accountant in the UK is £37,000 per year (Indeed 2025) with opportunities for this number to grow with experience and higher certifications. 

Career growth and advancement 

A great benefit of a career in accounting is the opportunity for growth and advancement. There are many different types and levels of roles in the world of accounting and progressing through these is common. Even though you may only be starting as a junior or intern accountant, there will be opportunities to advance to higher positions. 

Also, the skills, knowledge and business contacts you will gain while working at an organisation can give you the ability to start your own business.  

Transferable skills 

Gaining and developing transferable skills is one of the biggest benefits of studying accounting. These skills can be applied to many roles across multiple industries and make you a more employable graduate. Your ability to think critically and solve problems effectively will be invaluable when it comes to your career in accounting. 

Some of the transferable skills you will develop during your accounting study are:  

  • Research 
  • Critical thinking  
  • Spoken and written communication 
  • Problem-solving 
  • Time management 
  • Presenting 

Study accounting at Durham University 

Why study accounting at Durham University? The University is ranked 12th in the UK for Accounting and Finance (Complete University Guide, Subject League Table 2025) and its Masters in Accounting being professionally accredited by the Association of Chartered Certified Accountants (ACCA).  

International students can begin their studies at the Durham University International Study Centre. Here, you will find pathway programmes that have been expertly designed to prepare you for your chosen degree at Durham University.  

If you would benefit from additional academic and English language support before starting your undergraduate degree, the International Foundation Year in Business, Economics, Accounting and Finance is the pathway programme for you. A combination of core and subject-specific modules with expert English language development will allow you to succeed in your undergraduate degree. The completion of this programme, achieving the required grades, allows you to progress to the first year of an accounting undergraduate degree at Durham University. 

If you already have an undergraduate degree in accounting and want to start your postgraduate study, the Pre-Masters in Business, Economics, Accounting and Finance is a great place to start. The programme is designed to build on your existing skills and knowledge with extra academic and English language support. By achieving the required grades, the completion of the Pre-Masters programme allows you to progress to your chosen postgraduate degree at Durham University. 

Discover the entry requirements, fees and visa information for your accounting pathway programme at Durham University International Study Centre. 

FAQs 

Is accounting a good career?  

Accounting is a good career as it offers job stability, diverse career opportunities and strong earning potential. It also has opportunity for career growth and the chance to make a tangible impact on businesses.  

What are the advantages of accounting? 

Accounting offers job security, high earning potential and diverse career paths. It also provides transferable skills like critical thinking, problem-solving, and financial expertise.  

Are accountants in demand? 

Yes, accountants are in high demand globally due to the need for financial management, compliance, and transparency across industries, making it a stable career choice.