Top 10 highest paying accounting careers

Accounting is one of the best-paying careers if you are good with numbers and can calculate. The passion of accountants is to play with numbers and generating income is also accessible in accounting if one is interested. Salary in the accounting field is based on the position, experience, and qualification a person possesses. If a person is entry-level and does clerical work then his salary is a bit low compared to someone working at the administrative level like financial controller, CMA, Bank manager, and many more. 

Some of the highest-paying jobs are given below:-

1. Bookkeeper

Average annual salary- NRs.6300000

A bookkeeper is a person who keeps a record of day-to-day complete data entry and collects transactions. he/she is responsible for tracking the money earned by the company and spent. They help in keeping a complete record of expenditure and earnings. Keeping a track of the financial records as well as verifying those records are the main duties. A person involved in bookkeeping earns about $50,889 on an annual basis which is considered to be one of the highest-paid jobs too.

At last, bookkeeping staffs create, analyze and maintain financial records and balance them using the bookkeeping software provided by the company. 

2. Senior Accountant

Average annual salary-  NRs.7400000

A senior accountant is a person who prepares financial records, research with analysis assists in audits, and carries out other accounting duties. he/she helps in maintaining financial records, tracking the incomes and expenses, preparing budget and implementing it, and suggesting financial ideas to help reduce expenditure and increase the income inside the company. They prepare federal, state, local and special tax returns too. They earn $60,170 per year. 

Thus, a senior accountant is an upper-level employee who must have a minimum qualification of a bachelor’s degree and possess some work experience as an accountant.

3. Accounting professor

Average annual salary- NRs.9500000 

An accounting professor is a person who earns money by teaching students of university accounting. One person can only be qualified to be an accounting professor when he/she has the minimum qualification of a master's degree with some experience of teaching in the related field. But besides that having willpower and interest leads the game. The accounting professors have certain teaching hours and get paid according to that. They are one of the highest-paid accounting professionals.

The payment depends on where and under which company you are working but the job of an accounting professor is rewarding as you get to spend time giving accounting lectures to younger generations.

4. Financial analyst

Average annual salary- 9900000

Financial analysts are the person responsible for tracking a company’s accounting procedures and checking financial performance according to plan and analyzing business performance. A financial analyst provides suggestions on how to invest in the share market and how to increase sales/ income by reducing expenditure. They make strategies and periodic reports based on the implementation of those strategies. They forecast the budgets and track spending as well as help make implementation. 

In addition, anyone possessing a bachelor's degree in the accounting field and 2 to 3 years of experience can become a financial analyst.

5. Bank Branch Manager

Average annual salary- NRs.10000000

The bank branch manager is responsible for tracking and managing the day-to-day operation of the bank and its branches. They help in developing the business and attaining the goals, delivering good customer care. To be a bank branch manager a person must possess excellent organizational skills, and the ability to meet sales targets and production goals. They need to possess sufficient management techniques with similar experience.

Thus, the bank branch manager earns $86,636 on average in a year. It is one of the highest-paying jobs with good benefits.

6. Financial controller

Average annual salary- NRs.11000000

A financial controller is a person who is responsible for planning, analyzing, budgeting, and preparing financial control. He/she is responsible for reporting directly to the board of directors and compliance with government regulations. The financial controller needs to have an accounting degree in any relevant accountant field. A financial controller has to prepare plans, overlook all financial planning and analyze all the activities.

7. Chartered accountant (CA)

Average annual salary- NRs.7400000

A chartered accountant is one of the highest-paying jobs in the accounting field. A CA is responsible for managing budgets, providing financial suggestions, and helping in internal and external audits. They help a business reach in next height and analyze risk and tax planning. The chartered accountant Counsell the company for financial improvements. They help in taking necessary steps for the reduction of financial problems and increment of the company’s income. They prepare invoices and financial statements.

Having a degree in chartered accounting is enough for getting involved in one of the highest-paying jobs of accounting.

8. Internal auditing Manager

Average annual salary- NRs.12000000

An internal auditing manager is responsible for managing and performing the internal audits inside companies. Big companies need to keep an internal auditor to maintain daily records and ensure there are no mistakes in the sheets. He/she is responsible for scheduling plans and audits. he/she reviews all the audit paperwork and handles audit assignments. A person having a license as an auditor can be an internal auditor for a private or public firm. They maintain audit records.

9. Investment Banker

Average annual salary- NRs.12000000

An investment banker is a person responsible for issuing debt and selling equity to raise capital, making plans and strategies to analyze the risk, and assisting with corporate restructuring. An investment banker manages IPO and private equity placements. Similarly, he/she must have proven experience as an investment banker and experience with valuation, modeling, and forecasting. An investment banker is responsible for effective underwriting, analyzing, and closing finance deals inside the company. 

10. Finance Director

Average annual salary- NRs.14000000

A financial director is a person responsible for directing and strategizing the financial plans and analyzing and maintaining financial reports. They need to forecast and prepare budgets. They look after the review of the departmental budgets. They need to oversee the audit and tax functions inside the company. A finance director must have proficiency in accounting software and a bachelor’s degree in accounting and finance. It is one of the highest-paying jobs in the accounting field.

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