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Are you looking for a stable career where you will receive a sizable employee compensation package and benefit package? If you are in the process of enrolling in a degree program, you may want to consider pursuing an accounting degree so that you can prepare yourself for the field that is “most in demand.” There is a growing demand for accounting professionals in both private and public sectors, as regulatory laws change and institutions require more thorough financial documentation to assess the financial health of their organization. In fact, the Bureau of Labor Statistics reports that employment for accountants will grow by at least 16% 2020, and many of the newly created positions will be government jobs. If you have always dreamed of receiving the perks of being employed by the government, pursuing your Bachelor’s degree in Accounting may be what you need to get your foot in the door.
What Are the Benefits of Being Employed by the Government?
There are a lot of advantages to seeking a government job in the public sector rather than employment in the private sector. If you are interested in working in the finance industry and you are looking for job security and competitive compensation rates, working as an accounting professional or an auditor in a government agency may be just right for you. State and federal government employees receive several different benefits that private sector employees rarely ever receive today. Here are just some of the benefits that you can expect to receive if you become an accountant and you work for a government agency:
–Government employee’s medical insurance with great coverage and low deductibles
–Dental and vision insurance
–Long-term care insurance and life insurance
–Incentives and bonuses
–Retirement savings plans
–Paid time off and sick leave
–Opportunity for advancement
—Pay raises that grow 50% faster than the private sector
–A guaranteed annual 4% wage increase due to contract negotiations
What Can You Do With Your Accounting Degree?
Now that you know the perks of working for the government, you need to learn why the government needs accountants, and what type of position you might be able to apply for once you earn your Accounting Degree. Local and state government offices have a need for accountants who perform a wide range of critical duties. Some of the duties include: budget operations, auditing government services, finance, and analyzing spending and bank transactions. The major difference between public and private sector accountants is that a public accountant typically reviews budgets, audits, and works with other agencies, whereas private accountants comply with tax law and work with organizations or individuals.
The government has a very large need for qualified accountants who possess an accounting degree and also experience in the field. If you want the peace of mind in knowing you have a stable job and income, and you want to work as a professional accountant, applying for government accounting jobs may be your best choice. Start searching for open positions in or around your area, and set your goal for your future as you are earning your degree.