Job Satisfaction Among Accountants

Topics: Accountant, Profession, Accountancy Pages: 2 (492 words) Published: March 2, 2013
Often stereotyped as soulless number crunchers, accountants rank among the nation's most satisfied professionals. Becoming an accountant means steady work, since companies need expert help to cope with their regulatory and tax burdens. Unlike other industries, accountants can expect consistent raises and benefits that allow time off for personal needs. Together, these factors contribute to strong feelings of satisfaction, which many accountants find just as important -- if not more so -- than the money. Collective Morale

Accountants' collective morale outpaces many other professions, according to a survey of 10,000 workers by Hudson, a human capital consultancy firm. Seventy-eight percent of the 873 accounting and financial workers polled felt "very" or "somewhat" satisfied with their jobs, compared to 72 percent of the total survey population, "CFO" magazine reported in June 2006. One possible explanation is the availability of raises, which 46 percent of the accounting and finance workers reported getting in the past year, versus 41 percent reported for other workers. Earning Potential

Like many financial careers, accounting offers the promise of a good salary at all levels of the industry. As of May 2010, accountants and auditors earned median wages of $61,6901, the U.S. Bureau of Labor Statistics reports. The top 10 percent earned $106,880 or more, while the bottom 10 percent earned less than $38,940. Most accountants work regular 40-hour weeks, though longer hours are common during peak times, such as tax season. Job Outlook

Accounting has a reputation as a stable profession, which contributes to its practitioners' satisfaction. The bureau expects job openings to grow 16 percent between 2010 and 2020, or about as fast as the average for all other occupations. Much of this demand is driven by stricter regulations on the financial industry, which relies on accountants to comply with them. The globalization of business is expected to create additional...
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