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What Makes the Accounting Field So Competitive?

One of the many good things about pursuing a career in accounting is that even with technological advances, all businesses will still need people to track finances.

This job security is certainly a pro, but it also is a reason that many pursue careers in the field, making it more competitive.

There are many different types of accounting jobs, and some are in higher demand than others.

However, regardless of the path you choose, preparing yourself with these tips and tactics will make you stand out against the competition when looking for your first (and subsequent) job(.

Soft Skills

As the business world continues to shrink due to ecommerce and advancements in communication technology, many people are failing to polish their interpersonal skills.

Being able to direct a conversation and show respect where it is due can set you apart from your competition very quickly.

Soft skills in the digital world are important, too, and “getting in the room” for an interview normally starts with a solid cover letter and resumé, and is followed up with some email exchanges.

Showing your potential employers early that you know how to communicate digitally is important when trying to land a job in a world that is more reliant on ecommerce than ever, thanks to the COVID pandemic forcing many companies to work remotely.

A silver lining of remote work was a realization for many companies that employees can perform at high levels when working from home, ultimately allowing for the potential employee pool to grow.

For aspiring accountants, this does mean even more competition, but it also means more opportunity if you are willing to look for jobs that offer remote work.

In addition to exemplary digital communication skills, a strong sense of workplace inclusion and cultural awareness is another opportunity to show value when applying for a position.

Diversity within accounting is also being consciously pushed for, and educating yourself on these practices shows employers that you have the ability to fit in with any team.

Showcase Digital Skills

Akin to digital communication, showing your potential employer that you are tech-savvy before they ask is another good way to stand out in the competitive field of accounting.

Be sure to highlight your abilities regarding online programs for project management and communication and anything else that you believe may come in handy in a digital world.

As accountants deal with a lot of sensitive financial information, be sure to brush up on your cybersecurity practices and, subsequently, make those skills known as well.

Take Responsibility

Many employers today note that there is a lack of “owning up” to mistakes among those individuals who entered the workforce more recently than others.

When you are able to say “I made a mistake,” it shows a level of confidence in your abilities to learn and better yourself as an employee.

Colleagues will respect you more, as well, making you a better person to work with, and ultimately resulting in higher quality work from the team you’re a part of.

In addition, someone who admits their errors will be taken a lot more seriously when discussing their successes during advancement talks.

Stay Up to Date

Whether you’re just entering the workforce, or planning a lateral move, it’s important to understand that following these tips means evolving with the industry.

As popular as remote work is right now, data may prove that it’s not efficient and things could go back to the typical brick-and-mortar settings.

Staying ahead of trends such as that theoretical one can help you determine when it’s time to make a career move before your competition, allowing you to have a little bit less of it.

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