If you've been considering a career in accounting and now have to choose between working as a public accountant or taking a private accounting job, you might be wondering which one is really the best choice. The fact is that there are some marked differences between these two paths, and there are many reasons why working as a public accountant may be a better option for you. Here are some of the reasons to consider working in public accounting.
Public Accounting Allows You To Gain More Varied Experience
When you work in private accounting, your days will be essentially focused on the same activities and the same types of work. You'll be focused on a single industry, so your experience will be limited to that industry.
Working as a public accountant, on the other hand, gives you the opportunity to gain experience in a variety of different industries and with many different types of tasks. This can help you to form a more diverse book of business and background, making you a more valuable candidate in the future.
Public Accounting Gives You Greater Job Security
Private accounting is a position directly with a specific business. That means your job is only secure for as long as that business is in operation and for as long as they need you in that role. As a public accountant, on the other hand, you have the ability to work with many different companies, or you can even go into business for yourself. Additionally, with the experience that you gain as a public accountant, you have the opportunity to seek work in a variety of industries.
Public Accounting Provides Opportunities For More Earning Potential
Any time you work for a business in private accounting, your earning potential is limited by the pay scale provided by that company. In most cases, the pay scale for private accounting jobs is fairly similar from company to company. This means that your earning potential is restricted.
Public accounting provides you with more control over your income, allowing you to increase your earning potential as you see fit. Working with various clients allows you to expand your skills and experience much faster, which allows you to increase your earning because your skills are more valuable.
These are a few of the reasons why you should consider working in public accounting instead of taking a private accounting job. Look at the options available around you or start your own public accounting business today.
For more information about certified public accountants, contact a company like John M Vlasac & Company.
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